India NCLT Insolvency Resolution Filings — May 30, 2026

30-05-2026

Reliance Industries Limited has filed its Secretarial Compliance Report for the financial year year ended March 31, 2026, confirming compliance with all applicable SEBI regulations, including LODR, Insider Trading, and Related Party Transaction norms. The report, issued by Practicing Company Secretary Dr. K. R. Chandratre, states no disqualifications of directors, no actions taken by SEBI or stock exchanges against the entity, and no instances of non-compliance or adverse observations. The filing is a routine regulatory disclosure with no negative findings.

• · The report examined 13 specific compliance areas under SEBI regulations, all with 'Yes' status or 'Not Applicable'.
• · Regulations relating to Issue of Capital (ICDR) and Buy-Back of Securities were not applicable during the review period.
• · The listed entity has complied with the disclosure requirements of Employee Benefit Scheme Documents under regulation 46(2)(za) of SEBI LODR.
• · The Practicing Company Secretary holds FCS No. 1370, C.P. No. 5144, and Peer Review Certificate No. 7703/2026.
• · The report's UDIN is F001370H000546068.
• · No resignations of statutory auditors from the entity or material subsidiaries occurred during the year.

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

The Hon’ble NCLAT has upheld the NCLT order dated April 30, 2026, admitting a Section 7 petition under the Insolvency and Bankruptcy Code, 2016 against Parsvnath Developers Limited, thereby initiating the Corporate Insolvency Resolution Process (CIRP). The petition was filed by Asset Reconstruction Company (India) Ltd. (ARCIL), to whom Sammaan Capital Limited assigned the debt. The company had paid ₹200 crore (₹75 crore via demand drafts and ₹125 crore deposited in the Delhi High Court) and proposed a ₹750 crore settlement, but the financial creditor backed out, leading to the revival of the insolvency proceedings.

• · The NCLAT order also upheld the CIRP against Noida Marketing Private Limited, the corporate guarantor, under Company Appeal (AT) (Insolvency) No. 977 of 2026.
• · Sammaan Capital Limited had originally filed a Section 7 petition (C.P. (IB) 468/2024) claiming a total default of ₹3,94,226,92,456/- as of 05.03.2024.
• · The debt was assigned by Sammaan Capital Limited to ARCIL on 30.09.2024.
• · Parsvnath Developers Limited had deposited only ₹325 crore in the Delhi High Court Registry against the required ₹375 crore.
• · The NCLT had deferred pronouncement of the order multiple times (06.04.2026, 08.04.2026, 16.04.2026) to allow settlement talks, but no final settlement was reached.
• · The corporate debtor acknowledged outstanding instalments of ₹316.68 crore due from April 2025 to June 2025 in its Section 9 petition before the Delhi High Court.

30-05-2026

Setubandhan Infrastructure Limited, undergoing Corporate Insolvency Resolution Process (CIRP) since November 2022, has failed to submit its audited financial results for the quarter and year ended March 31, 2026, due to the suspended management's refusal to provide financial records. The company's previously approved resolution plan was rejected by the NCLT in March 2025, and an appeal is pending before the NCLAT. The Resolution Professional has been unable to compile or audit financial statements, citing a lack of access to books of accounts and data.

• · CIRP was admitted by NCLT Mumbai Bench on November 28, 2022, under Section 7 of the IBC, 2016.
• · The Resolution Professional was appointed as IRP and confirmed as RP by the CoC on December 28, 2022.
• · The CoC-approved resolution plan was rejected by NCLT on March 24, 2025.
• · An appeal against the NCLT rejection was filed with NCLAT on July 9, 2025, and is sub-judice.
• · The RP's AFA (Authorisation for Assignment) is valid until December 31, 2026.

30-05-2026

Apollo Hospitals Enterprise Limited announced the resignation of Mr. Dinesh Madhavan, President - Group Oncology and International, effective from the close of business on May 30, 2026. The resignation was accepted by the company, and he will be relieved from duties on the same date.

• · The resignation was submitted via email to Ms. Preetha Reddy with a cc to Mayank Rautela.
• · The resignation letter references earlier discussions and mutually agreed dates.
• · Mr. Madhavan's last working day is May 30, 2026, the same date as the filing.

30-05-2026

Infosys Limited has allotted 8,95,814 equity shares (face value ₹5 each) to eligible employees upon exercise of Restricted Stock Units, effective May 29, 2026. The allotment was approved by a Board resolution dated May 26, 2026, and finalized on May 29, 2026. As a result, the company's issued and subscribed share capital increased to ₹20,28,62,79,525, comprising 4,05,72,55,905 equity shares.

• · Board resolution date: May 26, 2026; approval date: May 29, 2026.
• · Face value of each equity share: ₹5.
• · The allotment was made pursuant to exercise of Restricted Stock Units by eligible employees.
• · The information is also hosted on the company's website at www.infosys.com.

30-05-2026

Sammaan Capital Limited (formerly Indiabulls Housing Finance Limited) filed its Annual Secretarial Compliance Report for FY ended March 31, 2026, confirming compliance with all applicable SEBI regulations, circulars, and guidelines during the review period. The report, issued by Neelam Gupta & Associates, noted no deviations, non-compliances, or actions taken by SEBI or stock exchanges against the company, its promoters, directors, or subsidiaries. The company has one material subsidiary, Sammaan Finserve Limited (formerly Indiabulls Commercial Credit Limited).

• · The Secretarial Compliance Report is dated May 29, 2026, and was issued under Regulation 24A of SEBI LODR Regulations, 2015.
• · No observations or deviations were noted in the previous year's report, and no remedial actions were required.
• · All policies under SEBI regulations are adopted, conform to regulations, and are reviewed/updated on time.
• · The company maintains a functional website with timely dissemination of documents and accurate web-links in corporate governance reports.
• · No director is disqualified under Section 164 of the Companies Act, 2013.
• · Performance evaluation of the Board, Independent Directors, and Committees was conducted at the start of the financial year.
• · Prior approval of the Audit Committee was obtained for all related party transactions.
• · All disclosures under Regulation 30 were made within prescribed time limits.
• · The company is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015 (Regulation 3(5) & 3(6)).
• · No actions were taken by SEBI or stock exchanges against the company, its promoters, directors, or subsidiaries.
• · No resignation of statutory auditors occurred during the financial year.
• · No additional non-compliances were observed for any SEBI regulation/circular/guidance note.

30-05-2026

Larsen & Toubro Limited disclosed that ESG Risk Assessments & Insights Limited has independently assigned an ESG rating score of 53 under the 'adequate' category, effective May 29, 2026. The company did not engage the rating agency, and the score is based on publicly available information. No prior period comparison is available, so no trend analysis is possible.

• · ESG rating score of 53 assigned under the 'adequate' category.
• · Rating assigned independently by ESG Risk Assessments & Insights Limited based on public domain information.
• · Company did not engage the rating agency for this assessment.

30-05-2026

Tata Motors Limited has communicated to shareholders regarding tax deduction on the proposed final dividend of ₹4.00 per equity share (200% on face value of ₹2) for FY ended March 31, 2026, subject to shareholder approval at the AGM on June 29, 2026. The company outlines TDS rates of 10% for resident shareholders with valid PAN and 20% for non-residents, with lower rates possible upon submission of required forms and certificates by the June 15, 2026 cut-off. However, the dividend is not yet declared and remains contingent on AGM approval, and shareholders failing to submit documents on time will face higher TDS, potentially impacting net dividend receipts.

• · AGM scheduled for Monday, June 29, 2026; dividend payment on or before Thursday, July 2, 2026 if approved.
• · Record date for dividend entitlement: Friday, June 12, 2026.
• · Cut-off date for submission of TDS-related documents: Monday, June 15, 2026, 7:00 pm IST.
• · Resident individuals with total dividend in FY 2026-27 not exceeding ₹10,000 are exempt from TDS.
• · Non-resident shareholders can claim lower DTAA rates by submitting Form 41, TRC, and other documents; beneficial rate not automatically applied.
• · Shareholders with multiple accounts under same PAN will have TDS deducted at the highest applicable rate across all accounts.
• · Physical shareholders must provide PAN, nomination, bank details, and specimen signature for electronic dividend payment as per SEBI mandate effective April 1, 2024.
• · Company's TAN for lower withholding certificate: MUMT32770D; certificates on other TANs will not be accepted.

30-05-2026

Bharti Airtel received a notice from the Department of Telecommunications (DoT) Madhya Pradesh LSA imposing a penalty of ₹1,71,000 for alleged violation of subscriber verification norms following a CAF Audit for March 2026. The company has opted to pay the penalty and not contest it. The financial impact is limited to the penalty amount.

• · The notice was received on May 29, 2026 at IST 1849 Hrs.
• · The alleged violation pertains to subscriber verification norms under the License Agreement.
• · The CAF Audit was conducted for March 2026.
• · The company has chosen to pay the penalty and not contest it.

30-05-2026

TVS Motor Company launched two new variants of its TVS Ronin motorcycle in Nepal—the Ronin Monotone (priced at NPR 4,29,900) and the Ronin Agonda (priced at NPR 4,39,900)—on May 30, 2026ched at a musical event in Kathmandu. The move expands the company's premium motorcycle portfolio in Nepal's fast-growing premium segment, but no financial impact or sales targets were disclosed.

• · The TVS Ronin Monotone is available in Lightning Black and Magma Red.
• · The TVS Ronin Agonda is offered in Pearl White, inspired by Agonda Beach in Goa, India.
• · The motorcycle is powered by a 225.9cc engine delivering 20.4 PS at 7,750 RPM and 19.93 Nm of torque at 3,750 RPM.
• · Features include Glide Through Technology (GTT), assist and slipper clutch, and 41mm upside-down front forks.
• · TVS Motor Company has four manufacturing facilities in India and Indonesia and operates in 90 countries.
• · TVS Motor is the only two-wheeler company to have won the Deming Prize and has been ranked No. 1 in J.D. Power Customer Service Satisfaction Survey for four consecutive years.

30-05-2026

JCT Ltd, under Corporate Insolvency Resolution Process (CIRP), has scheduled the 14th meeting of its Committee of Creditors (CoC) for June 2, 2026, via video conferencing. The filing indicates ongoing insolvency proceedings with no financial results or turnaround details disclosed.

• · Company is under CIRP (Corporate Insolvency Resolution Process)
• · Meeting will be held via video conferencing on June 2, 2026 at 3:30 PM
• · Resolution Professional Umesh Garg is IBBI registered (No. IBBI/IPA-001/IP-P00135/2017-2018/10277)
• · Registered office: G.T. Road, Phagwara, Dist. Kapurthala, Punjab 144401
• · Corporate office: 601, Prabhat Kiran, 17 Rajendra Place, New Delhi-110008