India NCLT Insolvency Resolution Filings — May 13, 2026

13-05-2026

Tata Motors Limited reported robust standalone financials for Q4 FY26 with revenue at ₹24,452 Cr (+22% YoY), EBITDA at ₹3.4K Cr (+35%), and PBT (bei) at ₹2,972 Cr (+58%), alongside FY26 revenue of ₹77,399 Cr (+11% YoY) and EBITDA margin expansion to 13.2% (+120 bps). However, FY26 standalone PAT declined 23% to ₹3.4K Cr due to ₹3.7K Cr exceptional items including Mark-to-Market losses, New Labor Code, and demerger costs, while consolidated FY26 PAT fell 24% to ₹3.0K Cr impacted by ₹1.4K Cr exceptional items. The Board recommended a ₹4 final dividend per ₹2 equity share and fixed June 29, 2026, as the AGM date.

• · Domestic CV VAHAN market share FY26: 35.7% (HCV 55.0%, ILMCV 39.5%, SCV 26.8%, Passenger 36.4%)
• · Iveco acquisition regulatory approvals mostly received; expected closure by Q2 FY27
• · Finance costs Q4 FY26: ₹166 Cr (down from ₹319 Cr Q4 FY25)
• · Auto ROCE FY26: 72% (vs 61% FY25)
• · Auditors issued unmodified opinion on financial results

13-05-2026

Tata Motors Limited reported strong FY26 standalone financials with revenue at ₹77.4K Cr (up 11% YoY), EBITDA margin at 13.2% (up 120 bps), wholesales at 428K units (up 14% YoY), and FCF at ₹9.2K Cr, leading to year-end net cash of ₹7.5K Cr. Consolidated FY26 revenue grew 10% YoY to ₹83.9K Cr with EBITDA margin expansion to 12.3%, but PAT declined to ₹3.0K Cr from ₹4.0K Cr YoY amid mixed quarterly performance including a Q2 loss. The company launched 17 next-gen trucks, secured major orders including 70,000 vehicles for Indonesia and over 5,000 buses, while market share in HCV slipped slightly to 35.7% and H1 volumes were muted due to external factors.

• · Board recommended final dividend of ₹4 per share (200% of face value), subject to shareholder approval.
• · Proposed Iveco acquisition approvals mostly received, expected closure by Q2 FY27.
• · Cash conversion cycle improved slightly to (31) days in FY26.
• · FY26 investment spending ~₹3K Cr (within 2-4% of revenue guidance).
• · VAHAN HCV market share 35.7% in FY26 (down from 37.1% FY25); ILMCV 39.5% (flat).
• · Golden Peacock Award for Pantnagar Plant for Quality; multiple Apollo CV Awards.

13-05-2026

Tata Motors Limited reported robust Q4 FY26 standalone financial results with revenue up 22% YoY to ₹24,452 Cr, EBITDA up 35% to ₹3,400 Cr (approx., 13.9% margin +130 bps), and PBT (bei) up 58% to ₹2,972 Cr; full year standalone revenue grew 11% YoY to ₹77,399 Cr with EBITDA +22% to ₹10,200 Cr (13.2% margin) but PAT declined 23% to ₹3,400 Cr due to ₹3,700 Cr exceptional items. Consolidated Q4 revenue rose 19% to ₹26,100 Cr with PAT +35% to ₹1,800 Cr, while FY26 revenue was ₹83,900 Cr but PAT fell 24% due to exceptional items; Board recommended final dividend of ₹4.00 per equity share and fixed AGM on June 29, 2026.

• · CV segment wholesales FY26: 428K units (+14% YoY), domestic volumes +12% YoY, exports +54% YoY
• · Domestic CV VAHAN market share FY26: 35.7% overall (HCV 55.0%, ILMCV 39.5%, SCV 26.8%, Passenger 36.4%)
• · Iveco acquisition: most approvals received, expected closure by Q2 FY27
• · Net cash domestic business: ₹7,500 Cr as of Mar 31, 2026; consolidated net cash ₹13,700 Cr
• · Auto ROCE FY26: 72% (vs 61% FY25)
• · Consolidated FCF FY26: ₹12,400 Cr (vs ₹5,900 Cr FY25)

13-05-2026

Bharti Airtel reported consolidated Q4 FY26 revenues of ₹55,383 Cr, up 15.7% YoY from ₹47,876 Cr and 2.6% QoQ, with EBITDA at ₹32,038 Cr (+16.9% YoY, 57.8% margin) and net income at ₹7,245 Cr (+38.7% YoY). India revenues grew 7.7% YoY to ₹39,566 Cr, led by mobile (+8.3% YoY), Homes (+37.3% YoY), and Airtel Business (+2.6% QoQ), though Digital TV revenues declined 2.3% YoY; FY26 consolidated revenues reached ₹210,973 Cr (+22.0% YoY). Customer base expanded to 666 million (+12.8% YoY), supported by strong smartphone data and postpaid additions, while capex was ₹16,066 Cr focused on digital infrastructure.

• · Board recommended final dividend of ₹24 per fully paid equity share (face value ₹5) and ₹6 per partly paid-up share (paid-up ₹1.25).
• · Investment of US$1 Billion in Nxtra Data Limited by Alpha Wave Global, Carlyle, and Anchorage Capital; Airtel to participate.
• · Mobile ARPU at ₹257 (vs ₹245 in Q4 FY25); mobile data usage 31.4 GB/customer/month (+32.8% YoY).
• · Consolidated Net Debt (ex leases) to EBITDAaL ratio 0.79x; India/Passive Infra negative net external debt.
• · Postpaid net additions 0.8 million QoQ; smartphone data customers +5.8 million QoQ.

13-05-2026

Bharti Airtel's consolidated FY26 total revenues grew 16.2% YoY to ₹2,109,728 Mn from ₹1,815,110 Mn, with EBITDA up 15.5% to ₹1,212,676 Mn and net income before exceptional items rising 51.5% to ₹269,042 Mn. However, net income after exceptional items declined 20.9% YoY to ₹266,952 Mn from ₹337,440 Mn due to lower exceptional gains. In Q4 FY26, revenues increased 15.7% YoY to ₹553,832 Mn with EBITDA up 16.9% to ₹320,382 Mn, but operating free cash flow fell 17.5% to ₹159,726 Mn amid higher capex of ₹160,656 Mn.

• · Total minutes on network increased 3.5% YoY to 5,657,617 Mn Min in FY26
• · Population covered remained at 2 Bn across 17 countries
• · Net Debt to EBITDA (Annualised) improved to 1.36 times from 1.94 times
• · EBITDA margin stable at 57.5% for FY26

13-05-2026

Bharti Airtel's consolidated revenue from operations for FY26 grew 22% YoY to ₹2,109,728 million, driven by Mobile Services India (+13% to ₹1,129,954 million) and Africa (+36% to ₹568,064 million), with additional boost from full consolidation of Indus Towers as a subsidiary. However, profit for the year declined 10% YoY to ₹338,228 million, with basic EPS down 21% to ₹45.96, due to higher depreciation, amortization, and tax expenses; Airtel Business revenue fell 4% YoY to ₹211,766 million while Digital TV Services revenue was nearly flat at ₹30,179 million (down 1%). The Board recommended a final dividend of ₹24 per fully paid-up equity share of face value ₹5.

• · Total assets increased to ₹5,521,516 million as of Mar 31, 2026 from ₹5,143,604 million
• · Net cash from operating activities rose 24% YoY to ₹1,222,295 million for FY26
• · Indus Towers became a subsidiary w.e.f. November 18, 2024 (previously joint venture)
• · Exceptional items (net) of ₹34,175 million for FY26
• · Final dividend record date to be intimated; payable within 30 days of AGM if approved

13-05-2026

Tata Motors Limited (formerly TML Commercial Vehicles Limited) announced changes in Key Managerial Personnel (KMP) and Senior Management Personnel (SMP) at its Board meeting on May 13, 2026. Mr. Sudipto Kumar Das resigned as Company Secretary & Compliance Officer (KMP) effective June 1, 2026, for a transition within the group, with Mr. Ranjan Kumar appointed to the role on the same date; similarly, Mr. Sitaram Kandi resigned as Chief Human Resources Officer (CHRO) and SMP effective close of business on May 28, 2026, with Mr. DP Nambiar appointed effective May 29, 2026. The changes were approved based on Nomination and Remuneration Committee recommendations, with relevant details, resignation letters, and appointee profiles disclosed.

• · Board meeting commenced at 11:30 a.m. IST and concluded at 3:55 p.m. IST on May 13, 2026.
• · Company CIN: L29102MH2024PLC427506.
• · Resignations due to transitions within Tata Group.
• · Ranjan Kumar has over 25 years experience in legal, secretarial, ethics; previously at SKF India.
• · DP Nambiar has 30 years at TCS in various HR leadership roles across geographies.

13-05-2026

Bharti Airtel reported consolidated revenue from operations of ₹553,832 Mn for Q4 FY26, up 16% YoY from ₹478,762 Mn, and ₹2,109,728 Mn for FY26, up 22% YoY from ₹1,729,852 Mn, driven by strong growth in Mobile Services Africa (+41% Q4) and Homes Services (+37% Q4). EBITDA rose 18% YoY to ₹323,701 Mn in Q4 and 29% to ₹1,224,918 Mn for FY26. However, PAT declined sharply 26% YoY to ₹92,474 Mn in Q4 and 10% to ₹338,228 Mn for FY26 due to exceptional items of ₹31,607 Mn (Q4) / ₹34,175 Mn (FY) and higher taxes, while Digital TV Services revenue fell 2% YoY to ₹7,467 Mn in Q4.

• · Board approved audited consolidated and standalone financial results for Q4 and FY26 with unmodified auditor opinion.
• · Final dividend of ₹6 per partly paid-up equity share (paid-up ₹1.25).
• · Net cash from operating activities FY26: ₹1,222,295 Mn (up from ₹983,322 Mn).
• · Exceptional items (net) FY26: ₹34,175 Mn (adversely impacted PBT).

13-05-2026

Bharti Airtel Limited's Board approved the preferential issuance of up to 146,761,335 fully paid-up equity shares at INR 1,923 per share (aggregating ~INR 282.2 Bn) to Indian Continent Investment Limited (ICIL) in exchange for up to 16.31% stake (595,204,251 shares) in its UK-listed subsidiary Airtel Africa plc. The transaction is cash-less, leverage neutral, accretive to EPS, with Airtel shares issued at a ~9.5% premium to the last closing price and Airtel Africa shares acquired at a ~11.6% discount to their last closing price. It aims to consolidate shareholding in the strategic subsidiary and is subject to shareholder approval in an EGM and regulatory clearances.

• · Relevant Date for floor price: May 13, 2026
• · Transaction based on independent valuation report certifying swap ratio
• · Board authorized Special Committee for implementation
• · Airtel Africa acquisition cost: GBP 3.659 per share
• · Subject to compliance with SEBI ICDR Regulations and completion within prescribed timelines

13-05-2026

Bharti Airtel Limited's Board approved the issuance of up to 146,761,335 fully paid-up equity shares at INR 1,923 per share (aggregating to ~INR 282.2 Bn) to Indian Continent Investment Limited (ICIL) on a preferential basis, in swap for up to 16.31% shareholding (595,204,251 shares) in subsidiary Airtel Africa plc. The transaction is cash-less, leverage neutral, accretive to EPS, issued at ~9.5% premium to Airtel India's last closing price and acquiring Airtel Africa shares at ~11.6% discount, aiming to consolidate stake from current 62.73%. It is subject to shareholder approval in an EGM and regulatory clearances.

• · Relevant Date for floor price: May 13, 2026
• · Board meeting held on May 13, 2026, from 1400 Hrs to 1740 Hrs IST
• · Transaction based on independent valuation report certifying swap ratio
• · Special Committee of Directors authorized for all related actions
• · Subject to SEBI ICDR Regulations compliance and shareholder approval in EGM

13-05-2026

Bharti Airtel Limited's Board approved the issuance of up to 146,761,335 fully paid-up equity shares to Indian Continent Investment Limited (ICIL) at INR 1,923 per share, aggregating to ~INR 282.2 Bn, in exchange for up to 16.31% stake (595,204,251 shares) in subsidiary Airtel Africa plc via share swap. The transaction is cash-less, leverage neutral, accretive to EPS, issued at a ~9.5% premium to Airtel's last closing price, and acquires Airtel Africa shares at a ~11.6% discount to its last closing price, aiming to consolidate shareholding. It is subject to shareholder approval in an EGM and regulatory clearances.

• · Relevant Date for floor price: May 13, 2026
• · Face value of equity shares: INR 5 each
• · Transaction based on independent valuation report certifying swap ratio
• · Board authorized Special Committee for transaction matters
• · Airtel Africa listed on London Stock Exchange

13-05-2026

Tata Motors Limited's Board of Directors, at its meeting on May 13, 2026, approved the adoption of the 'Tata Motors Limited Share-based Long Term Incentive Scheme 2026', involving the grant of up to 50,00,000 Performance Share Units (PSUs) to eligible employees, equivalent to 50,00,000 equity shares of ₹2 each. The scheme may result in a maximum dilution of ~0.14% of the total issued share capital and is subject to shareholder approval at the ensuing Annual General Meeting. No PSUs have vested or been exercised yet, with vesting terms per the scheme and compliance with SEBI regulations.

• · Exercise Price: ₹2 per PSU (face value of underlying equity share)
• · Exercise Period: commences on vesting date and expires 12 months thereafter
• · Board Meeting: commenced 11:30 a.m. IST, concluded 3:55 p.m. IST on May 13, 2026
• · Scheme administered directly by the Company, no trust involved

13-05-2026

Bharti Airtel Limited submitted the Monitoring Agency Report from Axis Bank and a statement of nil deviation/variation for the quarter ended March 31, 2026, confirming utilization of Rs. 15,695.98 Crore received from the First and Final Call on 391,176,994 partly paid-up equity shares out of 392,287,662 issued in the 2021 Rights Issue (total issue size Rs. 20,987.39 Crores). Funds were deployed as planned with full utilization for DoT AGR dues (Rs. 82,740.94 Mn) and general corporate purposes including license fees (Rs. 50,255.16 Mn), but only partial for repayment of bank borrowings (Rs. 23,963.67 Mn utilized out of Rs. 159,254.16 Mn proposed); a minor shortfall in call receipts noted (Rs. 15,695.98 Crore vs. expected Rs. 15,740.54 Crores). The Audit Committee and Board reviewed and approved the documents on May 13, 2026, with unutilized funds parked in fixed deposits.

• · Call money received at Rs. 401.25 per share (Rs. 3.75 face value + Rs. 397.50 premium); initial application money was Rs. 133.75 per share.
• · No deviations from objects, no changes in means of finance, all statutory approvals obtained.
• · Unutilized funds deployed in FDs: Rs. 10,044 Mn with SBI at 6.35% ROI (market value Rs. 10,063.22 Mn), Rs. 0.77 Mn and Rs. 5,318.90 Mn with Axis Bank.

13-05-2026

Bharti Airtel Limited disclosed under Regulation 30 of SEBI Listing Regulations its participation in the Citi Pan-Asia Group / One on One Conference Meeting in Singapore on May 18-19, 2026. No unpublished price sensitive information will be shared during the meeting. The schedule is subject to change due to exigencies.

• · Filed with NSE (Symbol: BHARTIARTL/ AIRTELPP) and BSE (Scrip Code: 532454/ 890157)
• · Corporate Office: Bharti Crescent, 1, Nelson Mandela Road, Vasant Kunj, Phase II, New Delhi - 110070, India
• · Email: compliance.officer@bharti.in

13-05-2026

Bharti Airtel Limited submitted the Monitoring Agency Report by Axis Bank Limited and a statement of nil deviation/variation for the quarter ended March 31, 2026, confirming full utilization of Rs. 15,695.98 Crore received from the First and Final Call on 391,176,994 partly paid-up equity shares (out of 392,287,662 shares and Rs. 15,740.54 Crore expected) as per the original objects, including DoT AGR dues, repayment of borrowings, and general corporate purposes. The Audit Committee and Board of Directors reviewed and noted the documents on May 13, 2026. However, a minor shortfall of Rs. 44.56 Crore remains uncollected from the call proceeds.

• · No deviation from objects or range of deviation reported by Monitoring Agency.
• · Unutilized funds placed in Fixed Deposits: ₹318.90 Mn with Axis Bank (7.25% ROI), ₹0.77 Mn with Axis Bank (3.00% ROI).
• · All government/statutory approvals obtained; no unfavourable events affecting objects.
• · Issue price: Rs. 535 per share; First and Final Call: Rs. 401.25 per share.

13-05-2026

Bharti Airtel Limited's Board, at its meeting on May 13, 2026, approved the re-appointment of Mr. Sunil Bharti Mittal as Chairman for a further five-year term from October 01, 2026 to September 30, 2031, and Ms. Nisaba Godrej as Independent Director for a second five-year term from August 04, 2026 to August 03, 2031, both subject to shareholder approval. These decisions follow recommendations from the HR & Nomination Committee. No other significant changes or concerns were noted regarding the appointees.

• · Sunil Bharti Mittal DIN: 00042491; current term expires September 30, 2026
• · Nisaba Godrej DIN: 00591503; current term expires August 03, 2026
• · Board meeting timings: 14:00 IST to 17:40 IST on May 13, 2026
• · Neither appointee is debarred from holding directorship by SEBI or other authorities
• · Sunil Bharti Mittal related to Rajan Bharti Mittal (brother); Nisaba Godrej unrelated to other directors

13-05-2026

Bharti Airtel Limited disclosed the contact details of persons authorized to determine the materiality of events or information and for disclosures to stock exchanges, in compliance with Regulation 30(5) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The authorized individuals are Shashwat Sharma (Managing Director & CEO, Airtel India), Akhil Garg (Chief Financial Officer, Airtel India), Rohit Krishan Puri (Company Secretary & Compliance Officer), and Naval Seth (Head - Investor Relations). This administrative update promotes transparency in governance and disclosure processes.

• · Contact details: Shashwat Sharma (0124-4222222, CEO.India@airtel.com); Akhil Garg (0124-4222222, CFO.India@airtel.com); Rohit Krishan Puri (011-46666100, compliance.officer@bharti.in); Naval Seth (0124-4222222, ir@bharti.in)

13-05-2026

TVS Motor Company Limited's Board approved the audited standalone and consolidated financial results for FY26 ended March 31, 2026, showing robust YoY growth with revenue from operations up 30.5% to ₹47,270.32 Cr and PAT up 37.3% to ₹3,615.22 Cr from continuing operations. Sales volumes increased 24.1% YoY to 58,88,828 units, though an exceptional loss of ₹41.37 Cr was recorded and other income remained negative at ₹(29.97) Cr. Additionally, the Board appointed Mr. Ravindran Shanmugam as Additional Non-Executive Independent Director for 5 years effective May 13, 2026, subject to shareholder approval.

• · Statutory Auditors issued unmodified opinion on standalone and consolidated financials.
• · EPS basic & diluted from continuing operations FY26: ₹76.09 (FY25: ₹54.81).
• · Q4 FY26 QoQ revenue growth 2.7% from ₹12,476.26 Cr in Q3 FY25.
• · Board meeting held on May 13, 2026, from 10:45 AM to 1:05 PM IST.

13-05-2026

TVS Motor Company Limited's Board approved the appointment of Mr. Ravindran Shanmugam (DIN: 11700880) as an Additional Director and Non-Executive Independent Director for five consecutive years, effective May 13, 2026, subject to shareholder approval via postal ballot. Mr. Shanmugam, aged 36 with a degree from Oxford, is Co-founder and Executive Chairman of Mablle (AI-enabled interior design platform) and has prior leadership at Livspace Southeast Asia, Grab, and McKinsey & Company, bringing expertise in AI, digital transformation, and strategy. He is not related to any existing directors and not debarred by SEBI.

• · DIN: 11700880
• · Board meeting held on May 13, 2026, from 10:45 AM to 1:05 PM IST
• · CIN: L35921TN1992PLC022845
• · Scrip codes: 532343 (TVSMOTOR), 717506 (NCRPS), TVSMNCRPS

13-05-2026

TVS Motor Company achieved record FY 2025-26 revenue of Rs. 47,270 Crores, up 30% YoY from Rs. 36,251 Crores, with total two- and three-wheeler sales growing 24% to 58.89 Lakh units. Operating PBT rose 40% to Rs. 4,975 Crores from Rs. 3,563 Crores, and Operating EBITDA margin improved 60 bps to 12.9%; Q4 revenue hit a peak of Rs. 12,808 Crores (36% normalized YoY growth) with EBITDA margin at 13.1% versus normalized 12.5%. All segments expanded, led by three-wheelers (+63%), scooters (+27%), and EVs (+33% FY, +51% Q4), with no reported declines.

• · Interim dividend of Rs. 12 per equity share (1200%) declared on March 24, 2026.
• · Allotted 4 fully paid bonus NCRPS (face value Rs. 10 each) amounting to Rs. 1,900 Crores, maturing September 01, 2026.
• · Q4 FY 2024-25 included full-year PLI benefit, leading to normalized figures for comparability.

13-05-2026

The Board of Directors of TVS Motor Company Limited met on May 13, 2026, and approved a proposal to seek shareholder consent through Postal Ballot for appointing Mr. Ravindran Shanmugam (DIN: 11700880) as a Non-Executive Independent Director for five consecutive years, effective May 13, 2026. This is in terms of Section 110 of the Companies Act, 2013, and the company will send the Postal Ballot Notice to stock exchanges per Regulation 30 of SEBI LODR. No financial impacts or performance metrics were disclosed.

• · Scrip codes: 532343 (TVSMOTOR), TVSMOTOR NCRPS, 717506, TVSMNCRPS
• · CIN: L35921TN1992PLC022845
• · Website: www.tvsmotor.com
• · Email: contactus@tvsmotor.com

13-05-2026

Tasty Dairy Specialities Limited, under ongoing Corporate Insolvency Resolution Process (CIRP) since October 7, 2025 managed by Resolution Professional Anish Agarwal, submitted audited standalone financial results for the quarter and year ended March 31, 2026, approved by the RP on May 12, 2026. The auditor issued a Qualified Opinion, highlighting unresolved litigations, unrecognized SARFAESI asset sales still reflected in PPE, lack of impairment testing, incomplete Ind AS compliance, and uncertain trade receivables/payables with no adjustments made pending CIRP completion. These issues may have material and pervasive impacts on the financial statements, which report a net loss but with unascertainable consequential effects.

• · CIRP order dated October 07, 2025; moratorium under Section 14 of IBC, 2016 in effect.
• · Financial results considered and approved by RP between 14:00 and 14:30 Hours on May 12, 2026.
• · Auditor: Neha B Agarwal & Co; report notes powers of Board suspended, assets managed by RP.
• · Litigations include labour matters, arbitration, Debt Recovery Tribunal, SARFAESI proceedings; records incomplete.
• · PPE carried at suspended management's values; no accounting for bank sales under SARFAESI.
• · No impairment testing done pending CIRP; physical verification and valuations obtained but no impact recorded.

13-05-2026

Jio Financial Services Limited has disclosed under Regulation 30 of SEBI (LODR) that company executives will participate in a Non-Deal Roadshow in Hong Kong on May 20-21, 2026, organized by a third party. The in-person meeting will be in one-on-one/group format with institutional investors. No unpublished price sensitive information will be shared, only publicly available data.

• · Scrip Code: 543940, Trading Symbol: JIOFIN
• · CIN: L65990MH1999PLC120918