India IPO Pipeline SEBI Regulatory Filings — May 30, 2026

30-05-2026

LGT Business Connextions Limited (now LGT Global Hospitality Limited) filed a statement confirming no deviation or variation in the use of IPO proceeds of Rs. 21.92 Crores (net of issue expenses) for the half year ended March 31, 2026. The funds were raised on August 22, 2025, and the company has utilized Rs. 2.45 Crores for capital expenditure, Rs. 6.73 Crores for working capital, and Rs. 3.68 Crores for general corporate purposes, with the board noting that proceeds will be fully utilized within 12 months of receipt. The monitoring agency is Infomerics Ratings Limited, and no comments were made by the audit committee or auditors.

• · The company name changed from LGT Business Connextions Limited to LGT Global Hospitality Limited.
• · The monitoring agency for the IPO proceeds is Infomerics Ratings Limited.
• · The board confirmed that the remaining IPO proceeds will be fully utilized within 12 months from the date of receipt of funds (i.e., by August 22, 2026).
• · No deviation or variation was reported, and no comments were made by the audit committee or auditors.

30-05-2026

Mahindra & Mahindra Limited and Manulife Holdings (Bermuda) Limited have incorporated their 50:50 life insurance joint venture, Mahindra Manulife Insurance Limited (MMIL), following approval from the Ministry of Corporate Affairs on May 29, 2026. The JV has an authorized and paid-up capital of Rs. 1 crore, with each partner subscribing to 5,00,000 equity shares of Rs. 10 each, aggregating to Rs. 50 Lakh. MMIL aims to address India's protection gap with a focus on rural, semi-urban, and urban markets, leveraging Mahindra's distribution reach and Manulife's product innovation and underwriting expertise.

• · The joint venture was initially announced on November 12, 2025, and further intimated on April 24, 2026.
• · Certificate of Incorporation was received from the Ministry of Corporate Affairs on May 29, 2026 at 5:10 p.m.
• · No objection certificate from IRDAI for incorporation has already been received.
• · MMIL will be an AI-native and digitally led life insurer with a focus on policyholder protection and holistic financial solutions.
• · Mahindra Group has 324,000 employees in over 100 countries and is the world's largest tractor company by volume.
• · Manulife had over 37,000 employees, over 109,000 agents, and served over 36 million customers globally as of end of 2024.

30-05-2026

TTI Enterprise Limited has received approval from the Calcutta Stock Exchange (CSE) for the voluntary delisting of its equity shares, effective May 22, 2026. The company's shares will continue to be listed on the BSE Limited. The delisting was approved under the SEBI (Delisting of Equity Shares) Regulations, 2021.

• · The delisting approval was granted by CSE via letter Ref. No. CSE/LD/DL/18090/2026 dated May 21, 2026, received by the company on May 29, 2026.
• · The delisting is effective from May 22, 2026.
• · The company's equity shares will remain listed on BSE Limited (Scrip Code: 538597).
• · The delisting was conducted in compliance with the SEBI (Delisting of Equity Shares) Regulations, 2021.

30-05-2026

Logiciel Solutions Ltd filed a statement confirming NIL deviation in the use of IPO proceeds for the quarter ended March 31, 2026. The company raised ₹39.9 Crore (₹3990.47 Lakh) via its IPO on December 3, 2025, and has utilized ₹1575.03 Lakh of the proceeds as of the quarter end, with no variation from the original objects stated in the offer document. The statement was reviewed by the Audit Committee and signed by Managing Director Umesh Sharma.

• · IPO date: December 3, 2025
• · Scrip Code: 544625, ISIN: INE1BA901016
• · The company was formerly known as Logiciel Solutions Private Limited
• · Issue expenses were apportioned between the company and selling shareholders in a 41:9 ratio
• · No monitoring agency was appointed for the IPO proceeds
• · The Audit Committee reviewed and confirmed no deviation/variation

30-05-2026

Amwill Health Care Limited reported audited financial results for FY26 with revenue from operations of ₹4,549.23 Lakhs, up 12.1% YoY from ₹4,058.16 Lakhs in FY25. Net profit for the year was ₹1,142.13 Lakhs, a 6.4% increase from ₹1,073.01 Lakhs. However, the company experienced a cyber security incident on February 18, 2026, leading to loss of accounting data for part of the year, which was subsequently reconstructed. The board recommended a final dividend of ₹0.50 per share.

• · Cyber security incident on February 18, 2026 resulted in loss of accounting data for period from April 1, 2025 to February 18, 2026; data was restored/reconstructed.
• · Auditor's report includes an Emphasis of Matter regarding the cyber incident, but opinion is unmodified.
• · Half-yearly results: H2 FY26 revenue from operations ₹2,428.73 Lakhs vs H1 FY26 ₹2,120.50 Lakhs (unaudited).
• · Net worth increased to ₹8,057.78 Lakhs as at March 31, 2026 from ₹6,921.51 Lakhs a year ago.
• · Earnings per share (basic) for FY26: ₹5.71 vs ₹6.63 in FY25, a decline of 13.9%.

30-05-2026

Safecure Services Limited submitted a compliance filing confirming no deviation or variation in the utilization of IPO proceeds (₹30,60,00,000 raised via 30,00,000 equity shares at ₹10 face value) for the quarter ended March 31, 2026. However, as on March 31, 2026, ₹300 Lakhs (₹3.00 Cr) of the total ₹3,060 Lakhs raised remained unutilized, with ₹134.60 Lakhs pending for repayment of borrowings and ₹165.40 Lakhs for working capital requirements. The company expects to deploy these remaining funds in the ordinary course within a short period.

• · IPO allotment date: November 3, 2025
• · Prospectus dated: October 18, 2025
• · Scrip Code: 544596, ISIN: INE0SVZ01015
• · Monitoring agency status: Not applicable
• · Audit committee reviewed and noted no deviation
• · No deviation comments from auditors
• · Share capital raised of ₹30,00,00,000 (30 lakh shares at ₹10 each)
• · Issue expenses of ₹485 Lakhs fully utilized
• · General corporate expenses of ₹450 Lakhs fully utilized
• · Funds for subsidiary repayment of ₹350 Lakhs fully utilized
• · Original fund allocation ratios and modified allocation were same for all objects except total (shown as 3,060 Lakhs original allocation)

30-05-2026

KVS Castings Limited filed a statement with BSE confirming no deviation or variation in the utilization of IPO proceeds as of March 31, 2026. The company raised ₹2783.20 Lakh (net proceeds ₹2373.93 Lakh) through its IPO, with ₹1740.28 Lakh utilized for capital expenditure and ₹282.00 Lakh for general corporate purposes. Unutilized funds of ₹351.65 Lakh are parked in a current account with Yes Bank.

• · IPO listing date on BSE SME platform: October 6, 2025
• · Issue price: ₹56 per share (face value ₹10 + premium ₹46)
• · Unutilised funds of ₹351.65 Lakh are parked in a current account with Yes Bank, Kashipur, Uttarakhand
• · Audit Committee and Board reviewed the deviation statement on May 30, 2026

30-05-2026

Zelio E-Mobility Limited filed a statement with BSE confirming no deviation or variation in the use of IPO proceeds for the six months ended March 31, 2026. The company raised ₹62.84 Cr through its IPO on October 8, 2025, and funds have been utilized as per the original objects: ₹20.00 Cr for repayment of borrowings, ₹7.85 Cr for capital expenditure on a new manufacturing unit, ₹2.60 Cr for working capital, and ₹0.99 Cr for general corporate purposes. The statement was reviewed and approved by the Audit Committee on May 28, 2026, with no comments from the committee or auditors.

• · The IPO funds were raised on October 8, 2025.
• · Original allocation for repayment of borrowings was ₹20.00 Cr, for capital expenditure ₹19.45 Cr, for working capital ₹8.00 Cr, and for general corporate purposes ₹9.09 Cr.
• · Actual utilization as of March 31, 2026: ₹20.00 Cr for repayment, ₹7.85 Cr for capex, ₹2.60 Cr for working capital, ₹0.99 Cr for general corporate purposes.
• · Monitoring agency: Brickwork Ratings India Private Limited.
• · No deviation or variation was reported, and no comments were made by the audit committee or auditors.

30-05-2026

Modipon Ltd. filed its Annual Secretarial Compliance Report for the year ended March 31, 2026, confirming compliance with SEBI LODR Regulations and other applicable laws. The company reported no non-compliances, no actions by SEBI or stock exchanges, and no disqualifications of directors. However, the company remains non-operational, and 15% redeemable preference shares of ₹100 each have been due for redemption since March 31, 1996, with no redemption or implementation of the agreement/scheme by Indofil Industries Limited.

• · Company is not under operation; most sector-specific Acts are not practically applicable.
• · No material subsidiary exists.
• · No resignation of statutory auditors occurred during the review period.
• · All applicable policies under SEBI regulations are adopted and timely updated.
• · The listed entity maintains a functional website with timely dissemination of documents.
• · Performance evaluation of Board, Independent Directors, and Committees was conducted at the start of the financial year.
• · No related party transactions occurred during the review period.
• · No actions were taken by SEBI or stock exchanges against the company, its promoters, directors, or subsidiaries.
• · 15% redeemable preference shares of ₹100 each have been due for redemption since March 31, 1996, but remain unredeemed due to non-implementation of an agreement/scheme by Indofil Industries Limited.

30-05-2026

Omnipotent Industries Limited informed BSE that its Board Meeting scheduled for May 30, 2026 could not be held due to lack of quorum, and has been adjourned. The company will announce the rescheduled date and time later. This development indicates potential governance or coordination issues.

• · Board meeting was scheduled for 30/05/2026 at 5:00 P.M.
• · Meeting could not be convened due to absence of requisite quorum.
• · Adjournment is under Section 174 of the Companies Act, 2013.
• · The company will communicate the new date and time in due course.

30-05-2026

Mehul Colours Limited filed its IPO listing deviation statement under SEBI Regulation 32, confirming no deviation/variation in the use of IPO proceeds raised on August 6, 2025. The company raised ₹2,165.76 lakh but utilized only ₹1,062.43 lakh (49% of total) as of March 31, 2026, with significant unutilized funds of ₹1,103.33 lakh temporarily lying in separate bank accounts. While funds for working capital (₹400 lakh) and issue expenses (₹281.15 lakh) were fully utilized, the capital expenditure objective for a new manufacturing facility saw only ₹372.11 lakh utilized out of ₹1,463.48 lakh allocated, representing just 25.4% deployment.

• · The company has not deviated from the objects or purposes for which funds were raised, as confirmed by both the Audit Committee and Board on May 30, 2026.
• · No monitoring agency was appointed as the IPO proceeds were below the threshold requiring one.
• · The original allocation of ₹1,463.48 lakh for capital expenditure was not modified; however, only ₹372.11 lakh was utilized, leaving ₹1,091.37 lakh (74.6% of that objective) unutilized and parked in a separate bank account.
• · Working capital requirement of ₹400.00 lakh and issue-related expenses of ₹281.15 lakh were fully utilized with no unutilized amounts.
• · General corporate purposes allocation of ₹21.13 lakh saw ₹9.17 lakh utilized and ₹11.96 lakh unutilized, also in a separate bank account.
• · Total unutilized amount of ₹1,103.33 lakh (50.9% of total raised) remains temporarily in separate bank accounts, indicating the company has not yet fully deployed IPO proceeds for the stated objects.
• · The filing is a deviation/variation statement under Regulation 32 of SEBI LODR, and the company explicitly states 'no deviation' — the unutilized funds are not considered a deviation but rather a temporary parking pending deployment.

30-05-2026

Infosys released its revised Integrated Annual Report for FY2025-26, correcting an omission in the AGM notice. The report highlights AI-driven transformations across key clients, including Liberty Global (50% fewer outages YoY), Hertz (60% faster modernization), and Microsoft (40% faster root cause analysis). However, the filing is primarily a procedural correction and does not disclose Infosys's own financial performance or any negative metrics.

• · The revised annual report corrects an omission in the explanatory statement for Item No. 6 of the 45th AGM Notice.
• · Infosys is collaborating with 90% of its top 200 clients on AI journeys.
• · Liberty Global partnership spans over two decades, including over a decade as a formal strategic partnership.
• · Hertz modernization will reduce hosting costs and provide a scalable foundation for continued automation.
• · Mondelēz traceability platform rollout in North America is complete; Europe rollout planned for H2 2026.
• · Microsoft's critical incident response times improved by 33% (from 15 to under 10 minutes).
• · ABN AMRO serves around 5 million retail customers and 365,000 business clients.