India NCLT Insolvency Resolution Filings — May 15, 2026

15-05-2026

Wipro Limited, through its subsidiaries, has completed the acquisition of 100% shareholding in Mindsprint Pte. Ltd. and its subsidiaries on May 15, 2026, ahead of the expected closing date of June 30, 2026. The transaction was initially disclosed in a letter dated April 6, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. No financial terms or performance impacts were detailed in the disclosure.

• · Disclosure addressed to BSE (507685), NSE (WIPRO), and NYSE (WIT).
• · Transaction completion date: May 15, 2026.

15-05-2026

Adani Green Energy Limited disclosed a further update on the US SEC civil complaint (No. 24-CV-08080) against promoters Mr. Gautam Adani and Mr. Sagar Adani, stating that the parties filed a request for entry of final judgment on consent on May 15, 2026 (India time). Mr. Gautam Adani and Mr. Sagar Adani have consented without admitting or denying allegations, agreeing to civil penalties of USD 6.00 million and USD 12.00 million respectively, with the final judgment awaited. The company emphasizes it is not a party to the proceedings and faces no charges.

• · Request for final judgment filed on May 15, 2026 India Time / May 14, 2026 New York Time
• · Previous updates dated: November 21, 2024; November 27, 2024; January 23, 2026; January 24, 2026; January 31, 2026; April 8, 2026; April 18, 2026
• · Disclosure under Regulation 30 of SEBI Listing Regulations and SEBI Master Circular dated July 11, 2023 (updated January 30, 2026)

15-05-2026

Sammaan Capital Limited has classified Avenir Investment RSC Ltd, owned and controlled by International Holding Company PJSC (IHC), as its promoter following the completion of IHC's investment and open offer on May 14, 2026, marking the company as an IHC Group entity with IHC as controlling shareholder. The Board appointed Mr. Alwyn Dinesh Crasta as Additional Non-Executive Non-Independent Director effective May 15, 2026, subject to shareholder approval. This partnership is expected to deliver benefits including capital depth, rating upgrades by two agencies, operational expertise, improved borrowing rates, enhanced governance, and access to IHC's technology and AI ecosystem; IHC boasts a market capitalisation of USD 232 billion and total assets of USD 117 billion.

• · Open Offer completed on May 14, 2026 per SAST Regulations.
• · Share subscription agreement dated October 2, 2025.
• · RBI approval for director appointment dated March 24, 2026.
• · Director appointment term: 5 years, liable to retire by rotation.
• · India as one of IHC's top two global strategic markets.

15-05-2026

TVS Motor Company Limited disclosed that its wholly-owned subsidiary TVS Motor (Singapore) Pte. Ltd. and step-down subsidiary TVS EBike Company AG entered into asset transfer agreements on May 14, 2026, with Callista Asset Management 33 GmbH for certain assets and liabilities of TVS EBike, amid evolving market conditions. TVS EBike reported standalone turnover of CHF 51.55 Mn and net worth of CHF 2.63 Mn for calendar year 2025, with estimated consideration of CHF 16 Mn (book value of net assets) payable over 24 months. The transaction is not a related party deal, with completion expected by August 13, 2026.

• · Date and time of event occurrence: May 14, 2026 at 7.55 P.M.
• · Expected date of completion: August 13, 2026.
• · Consideration to be settled over 24 months.
• · No unit or division transfer; no change in shareholding pattern.
• · Transaction not within related party transactions or Scheme of Arrangement.

15-05-2026

The National Company Law Tribunal (NCLT), Ahmedabad, admitted a petition under Section 9 of the IBC filed by operational creditor M/s. Empire Sony PTY Limited for an alleged operational debt of ₹1,77,99,024.64 (USD 2,14,446.08), commencing the Corporate Insolvency Resolution Process (CIRP) against Astron Paper & Board Mill Limited effective May 11, 2026. Mr. Atul Jashwantrai Sheth has been appointed as Interim Resolution Professional (IRP), with a moratorium under Section 14 prohibiting suits, asset transfers, and recoveries, and the Board of Directors' powers suspended under Section 17. The IRP will manage the company as a going concern and issue a public announcement under Section 13.

• · Case No.: CP (IB)/316(AHM)/2025
• · Adjudicating Authority: NCLT Ahmedabad, Court II
• · IRP Registration No.: IBBI/IPA-001/IP-P02463/2021-2022/13854
• · Moratorium operative from May 11, 2026 under Section 14 of IBC

15-05-2026

Ecoplast Limited informed BSE about the NCLT Ahmedabad Bench Order dated May 14, 2026, sanctioning the Scheme of Amalgamation of Kunal Plastics Private Limited (KPPL) with Ecoplast Limited. The certified copy of the Order is awaited and will be filed via E-Form INC-28 with the Registrar of Companies, Ahmedabad. The electronic copy was uploaded on the NCLT website on May 15, 2026.

• · CIN: L25200GJ1981PLC004375
• · NCLT Order uploaded on May 15, 2026
• · Scrip Code: BSE: 526703

15-05-2026

Larsen & Toubro Limited's Nomination & Remuneration Committee approved the allotment of 61,007 equity shares to grantees who exercised their options under the Company's Employee Stock Option Schemes via a circular resolution on May 15, 2026. The allotted shares will rank pari-passu with existing equity shares in all respects. This is a routine ESOP allotment with no associated financial performance metrics.

• · Allotment informed to BSE (Stock Code: 500510) and NSE (Stock Code: LT).
• · Approval via circular resolution passed on May 15, 2026.

15-05-2026

The National Company Law Tribunal (NCLT) Ahmedabad Bench sanctioned a Composite Scheme of Arrangement on May 14, 2026, involving the demerger of the Demerged Undertaking from Wim Plast Limited (WPL) to Cello Consumer Products Private Limited (CCPPL) and the subsequent amalgamation of WPL with Cello World Limited (CWL), with an appointed date of April 1, 2025. The scheme aims to achieve operational synergies, economies of scale, and unified compliance for the listed entities, supported by valuation reports and fairness opinions. CWL disclosed this under Regulation 30 of SEBI LODR, noting an ongoing MCA inquiry into alleged IPO misstatements that will continue unaffected.

• · Scheme approved by boards on November 12, 2024; valuation and fairness opinion dated November 12, 2024.
• · No-objection letters from BSE (July 3, 2025) and NSE (July 2, 2025).
• · First motion order dated October 7, 2025; ongoing MCA inquiry under Section 206(4) into CWL IPO misstatements initiated June 4, 2024 and November 7, 2024.
• · No proceedings under IBC 2016, no corporate debt restructuring, no share capital reduction.

15-05-2026

YES BANK LIMITED submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2026, to NSE and BSE on May 15, 2026, pursuant to SEBI Regulation 24A(2) and related circulars. The report was issued by BNP & Associates, the Bank's Secretarial Auditor, and signed by Sanjay Abhyankar, Company Secretary. This is a routine regulatory compliance filing with no financial performance data disclosed.

15-05-2026

Wim Plast Limited disclosed that the National Company Law Tribunal, Ahmedabad Bench, sanctioned a Composite Scheme of Arrangement involving Wim Plast Limited, Cello Consumer Products Private Limited, and Cello World Limited through an order dated May 14, 2026, now uploaded on the Tribunal's website. This update is pursuant to Regulation 30 of SEBI Listing Regulations. The company will provide further developments as they occur.

• · Scrip Code: 526586
• · Scrip ID: WIMPLAST
• · NCLT Ahmedabad Bench
• · Order digitally signed on May 15, 2026

15-05-2026

Adani Ports and Special Economic Zone Limited's step-down subsidiary, The Adani Harbour International FZCO (TAHID), entered into a Share Purchase Agreement on May 15, 2026, to acquire a 51% stake in Meridian Transportes Marítimos S.A. for USD 444.49, establishing a joint venture for maritime services in Argentina leveraging a 10-year contract for six vessels with Southern Energy S.A. The target entity, incorporated in September 2023, reported net losses of USD 698 (FY2023) and USD 848 (FY2024) before achieving a net profit of USD 1,499 (FY2025).

• · Transaction expected to complete within 4 months from May 15, 2026.
• · No governmental or regulatory approvals required.
• · TAHID to sell 20% stake in a new UAE company for vessel ownership to affiliate of Logística y Servicios Marítimos S.A.
• · Target incorporated September 19, 2023; registered October 20, 2023; contract with Southern Energy S.A. executed December 22, 2025.
• · Not a related party transaction.

15-05-2026

ICICI Bank Limited allotted 164,293 equity shares of face value Rs. 2 each on May 15, 2026, under the ICICI Bank Employees Stock Option Scheme-2000. The allotment was approved by two Executive Directors at 10:10 a.m. on the same day, pursuant to powers delegated by the Board of Directors at its meeting on October 21, 2023. The notice was issued by Prashant Jagjivan Mistry, Associate Leadership Team.

• · Approval time: 10:10 a.m. on May 15, 2026
• · Board meeting delegating powers: October 21, 2023

15-05-2026

Bharti Airtel Limited received a notice from the Department of Telecommunications, Uttar Pradesh (East) LSA, imposing a penalty of ₹1,06,000 for alleged violations of subscriber verification norms during the March 2026 CAF Audit. The company has opted not to contest the penalty and will pay it, limiting the financial impact to the penalty amount itself. No broader operational or financial disruptions are anticipated.

• · Notice received on May 14, 2026 at 18:12 IST
• · Penalty relates to CAF Audit conducted for March 2026
• · Disclosure pursuant to Regulation 30 of SEBI Listing Regulations