India MCA Insolvency Liquidation Filings — March 16, 2026

16-03-2026

The National Company Law Tribunal (NCLT), Ahmedabad Bench, has sanctioned the Scheme of Arrangement between Prima Plastics Limited and Prima Innovation Limited, along with their shareholders and creditors, under Sections 230-232 of the Companies Act, 2013, vide order dated March 16, 2026. The scheme will become effective on the date the certified copy of the order is filed with the Registrar of Companies, with the downloaded copy already uploaded on the NCLT website and enclosed for reference. No financial impacts or timelines beyond the effective date are disclosed in this regulatory filing.

• · Order uploaded on NCLT website on March 16, 2026; certified copy awaited.
• · Copy of order available at Investor Shareholder Services on Prima Plastics website.

16-03-2026

The National Company Law Tribunal (NCLT), Mumbai Bench, sanctioned the Scheme of Arrangement for demerger of the rental business undertaking from Filmistan Private Limited (Demerged Company) to Arkade Developers Limited (Resulting Company) on March 16, 2026, with no objections received. The scheme, approved by boards on September 29, 2025, aims to streamline management and integrate leasehold rights with Arkade's land ownership for operational efficiencies. While Filmistan had a negative net worth as of March 31, 2025, Arkade infused ₹1,260.55 L on September 26, 2025, turning it positive; Arkade's net worth stood at ₹88,370.20 L as of March 31, 2025.

• · Appointed Date: August 1, 2025
• · Effective Date: Date of filing certified copy of NCLT order with Registrar of Companies
• · Previous disclosure: November 28, 2025
• · Board approval date: September 29, 2025
• · NCLT case numbers: C.P.(CAA)/263(MB)2025 and C.A.(CAA)/247(MB)2025

16-03-2026

The Hon’ble National Company Law Tribunal, Ahmedabad Bench sanctioned the Composite Scheme of Arrangement on March 16, 2026, involving the amalgamation of Adani Green Technology Limited and Adani Emerging Businesses Private Limited into Adani Enterprises Limited, and Adani Tradecom Limited into Adani New Industries Limited. The scheme received overwhelming shareholder approval at AEL's equity meeting with 99.9998% votes in favor out of 1,03,71,61,768 total valid votes. The Effective Date and Appointed Date will be the same, to be announced upon fulfillment of all conditions; certified copy of the NCLT Order is awaited.

• · Share swap ratio: AEL to issue 11 equity shares for every 553 equity shares of AEBPL
• · Share swap ratio: ANIL to issue 1 equity share for every 10 equity shares of ATL
• · All equity shares of AGTL held by ATL to be cancelled and extinguished
• · Prior intimation letter dated November 26, 2025
• · Scheme rationale includes consolidation of green hydrogen ecosystem for operational efficiencies and cost optimization

16-03-2026

Talwalkars Better Value Fitness Limited disclosed an order dated February 26, 2026, issued by the National Company Law Tribunal, Mumbai Bench (Order No: I.A. No. 840 of 2025 IN C.P. (IB) No. 1056/MB/2020) pertaining to liquidation updates, pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015. The disclosure was filed with BSE (Scrip Code: 533200) and NSE on March 16, 2026. No financial details or outcomes of the order were provided in the filing.

• · CIN: L92411MH2003PLC140134
• · Registered Office: Grd Flr, Mangal Simran Off Turner Rd, 20th Rd, Bandra West, Mumbai City, Mumbai-400050, Maharashtra, India
• · Email: talwalkarbetter@gmail.com
• · Contact No: +91 98199 44575
• · Director DIN: 05109049

16-03-2026

Bhagyanagar India Limited disclosed the voting results of the NCLT-convened meeting of trade creditors of its wholly-owned subsidiary Bhagyanagar Copper Private Limited, held on March 14, 2026, which unanimously approved (100% in favor, value ₹285.04 Cr) the Composite Scheme of Arrangement. The scheme involves amalgamation of Bhagyanagar Copper Private Limited with Bhagyanagar India Limited and demerger of a specified business undertaking from Bhagyanagar India Limited to its wholly-owned subsidiary Tieramet Limited. No votes were cast against the resolution, meeting the required three-fourths in value threshold.

• · NCLT order date for convening meeting: January 29, 2026
• · Record date for trade creditors: November 30, 2025
• · Notice sent to creditors: February 11, 2026
• · Notice published: February 12, 2026
• · Minimum quorum: 5 trade creditors (requisite quorum present)

16-03-2026

The National Company Law Tribunal (NCLT) Mumbai Bench extended the Corporate Insolvency Resolution Process (CIRP) for Quadrant Televentures Limited by 90 days from March 2, 2026, to May 30, 2026, as the first extension beyond 180 days. Form-G has been issued and 8 Prospective Resolution Applications (PRAs) received, but no resolution has been finalized, with CIRP ongoing since September 2, 2025. This indicates prolonged insolvency proceedings without a successful outcome yet.

• · CIRP initiated under NCLT order dated September 2, 2025.
• · Hearing held on March 11, 2026, for IA(I.B.C)/986(MB)2026 in C.P. (IB)/472(MB)2024.
• · Disclosure filed under Regulation 30 of SEBI Listing Regulations.