Executive Summary
The June 2, 2026 filing stream reveals a sharp divergence in corporate health: while blue-chips (Reliance, Adani entities, Sammaan Capital) are solidifying their credit profiles and receiving positive court rulings or rating upgrades, an active insolvency wave is sweeping smaller entities (SKIL Infrastructure, Arshiya, PS IT Infrastructure), with three separate CIRP updates filed on the same day.
Period-over-period data from Adani Power shows a mixed picture—Q4 FY26 revenue +10% YoY but full-year FY26 revenue -2% YoY, while net debt surged 45% to ₹45,022 Cr—indicating that even growth stories carry balance sheet risk. The strongest YoY growth signal comes from Adani Ports' 16% cargo volume increase, though a 19% drop in logistics rail volumes creates an operational outlier. No insider trading activity was reported in any filing, eliminating that signal channel; however, capital allocation actions (ESOP grants at Delhivery, auditor rotation at Wipro, subsidiary acquisitions) suggest steady corporate governance. The Reliance PFUTP Supreme Court victory (materiality 8/10) removes a decade-long regulatory overhang, while Sammaan Capital's S&P upgrade to BB- (following three domestic upgrades) creates a clear cost-of-capital catalyst. The intelligence stream is dominated by neutral procedural filings (14/26), but the enriched data allows us to extract actionable signals from the 12 high-materiality filings covering insolvency and credit events.
Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →
Filing types in this digest: Company update · Insolvency
Tracking the trend? Catch up on the prior India NCLT Insolvency Resolution Filings digest from May 28, 2026.
Investment Signals (10)
- Reliance Industries ↓ (BULLISH)▲
Supreme Court set aside PFUTP 'fraud' finding, converting liability to a disclosure violation only; ₹250 Cr deposit may be partially refunded; removes 6-year legal overhang
- Sammaan Capital ↓ (BULLISH)▲
S&P upgrade to BB- with Stable Outlook completes a sweep of 4 rating upgrades in 60 days (CRISIL, CARE, ICRA, S&P); expected to lower borrowing costs and support growth
- Adani Ports ↓ (BULLISH)▲
May 2026 cargo volume 48.3 MMT (+16% YoY) with liquids surging +33% YoY and containers +17% YoY; YTD growth of 15% confirms demand momentum
- Adani Power ↓ (BULLISH)▲
Q4 FY26 PAT surged +64% YoY to ₹4,271 Cr on +10% revenue growth; locked-in capacity of 23.7 GW provides 3-5 year visibility
- Adani Power ↓ (BEARISH)▲
Full-year FY26 revenue declined -2% YoY to ₹57,865 Cr while net debt ballooned 45% to ₹45,022 Cr from ₹31,023 Cr; growth is being funded by leverage
- Adani Ports ↓ (BEARISH)▲
Logistics rail volumes fell -19% YoY in May to 48,170 TEUs and -18% YoY YTD; a sharp divergence vs core cargo business signals competitive pressure or operational issues
- Wipro ↓ (BULLISH)▲
Completed acquisition of additional 20% stake in Aggne Global ahead of deadline (June 1 vs June 5); signals execution efficiency and commitment to insurance vertical expansion
- Ashok Leyland ↓ (BULLISH)▲
ICRA reaffirmed [ICRA]AA+/Stable and [ICRA]A1+ ratings on ₹7,479 Cr of debt instruments; new rating assigned for ₹300 Cr NCDs; stable outlook indicates no near-term credit stress
- Infosys ↓ (BULLISH)▲
Expanded DNB Bank collaboration for financial crime modernization using NICE Actimize platform; follows Handelsblatt AI launch; deal flow pipeline in fintech and media verticals strengthening
- SKIL Infrastructure ↓ (BEARISH)▲
Sixth CoC meeting held June 2, 2026; company has been under CIRP since Feb 2024 (28 months); prolonged resolution process signals asset complexity or weak bids
Risk Flags (8)
- Adani Power/Financial Risk↓ [HIGH RISK]▼
Net debt increased 45% YoY to ₹45,022 Cr despite flat full-year revenue (₹57,865 Cr); debt-to-equity trend is deteriorating and may constrain future capex
- Adani Ports/Segment Risk↓ [MEDIUM RISK]▼
Logistics rail volumes declining -19% YoY while core cargo grows 16%; rail segment may require strategic review or restructuring to stem losses
- PS IT Infrastructure/Insolvency Deepening↓ [HIGH RISK]▼
Second CoC meeting (June 4) with CFO resignation (May 23) and need for interim finance approval; rapid cash burn and management exodus signal distressed operations
- Arshiya Limited/Insolvency Stagnation↓ [HIGH RISK]▼
16th CoC meeting scheduled (June 3) indicates CIRP is far from resolution; prolonged process erodes asset value and creditor recovery
- SKIL Infrastructure/Resolution Delay↓ [HIGH RISK]▼
CIRP since Feb 2024 (28 months) with no resolution plan visible; sixth CoC meeting suggests lack of consensus among creditors
- Multiple Insolvency Filings/Sector Concentration Risk [MEDIUM RISK]▼
Three separate CIRP updates on same day (SKIL x2, PS IT, Arshiya) signal rising corporate distress in small-cap infrastructure and IT services segments
- Delhivery/Dilution Risk↓ [LOW RISK]▼
35.97 lakh stock options granted at Re.1 exercise price; while vesting is 12-36 months, eventual exercise will dilute equity by ~0.5% of current capital base
- Mahindra & Mahindra/Cancellation Risk↓ [LOW RISK]▼
Abruptly cancelled Morgan Stanley India Investment Forum keynote on day of event (June 2) without explanation; raises questions about management availability or internal issues
Opportunities (8)
- Sammaan Capital/Rating Upgrade Catalyst↓ (OPPORTUNITY)◆
Four rating upgrades in 60 days (CRISIL, CARE, ICRA, S&P) driven by IHC's strategic investment; expect 50-75 bps reduction in borrowing costs on ₹50,000+ Cr debt books; watch for NIM expansion in next earnings
- Reliance Industries/Legal Overhang Removal↓ (OPPORTUNITY)◆
Supreme Court victory on PFUTP case removes risk of SEBI penalties beyond ₹25 Cr already paid; potential refund of ₹250 Cr deposit; positive sentiment catalyst for RIL and RPL scrip
- Adani Power/Power Demand Tailwind↓ (OPPORTUNITY)◆
India needs 97 GW additional coal capacity by FY35; Adani Power's 23.7 GW locked-in pipeline with 100% land and BTG orders placed positions it to capture 25% of required capacity
- Adani Ports/Liquids & Container Growth↓ (OPPORTUNITY)◆
33% YoY growth in liquids and 17% in containers in May; high-margin segments outperforming; operating leverage should drive EBITDA margin expansion in H2 FY27
- Infosys/European Banking Deal Flow↓ (OPPORTUNITY)◆
DNB Bank modernization deal adds to Nordic financial services footprint; Handelsblatt ELI launch shows AI capability; trading at ~24x PE vs TCS 28x; re-rating potential on deal wins
- Ashok Leyland/Credit Quality Signal↓ (OPPORTUNITY)◆
ICRA AA+/Stable reaffirmation on ₹7,479 Cr instruments indicates strong cash flows and manageable leverage; bond yields likely to tighten 10-15 bps; debt investors should increase exposure
- Wipro/Aggne Global Acquisition↓ (OPPORTUNITY)◆
Completed additional 20% stake buy in Aggne Global ahead of schedule; insurance domain expertise strengthens; potential margin improvement as high-value insurance tech revenue scales
- PS IT Infrastructure/Distressed Asset Play↓ (OPPORTUNITY)◆
Second CoC meeting with interim finance approval on agenda; if resolution plan emerges, equity holders may see partial recovery; high risk but asymmetric upside for distressed debt investors
Sector Themes (5)
- Three-Company Insolvency Wave◆
Four filings covering three separate CIRPs (SKIL Infrastructure, PS IT Infrastructure, Arshiya Limited) all on the same day—June 2, 2026; suggests a clustering of corporate distress in small/mid-cap infrastructure and IT services, likely linked to tight credit conditions post-2024 NCLT revival
- Adani Group Growth vs Leverage Divergence◆
Adani Power grew PAT 64% YoY in Q4 but net debt surged 45% to ₹45,022 Cr; Adani Ports cargo grew 16% YoY while rail volumes fell 19%; the group is simultaneously showing demand momentum and operational/financial stress signals—a classic growth-at-any-cost pattern
- Credit Rating Upgrade Cluster in NBFC/Infrastructure◆
Sammaan Capital received four upgrades in 60 days, Ashok Leyland reaffirmed at AA+/Stable; credit quality is improving for well-capitalized entities while weaker firms (SKIL, Arshiya, PS IT) enter insolvency—a K-shaped recovery in Indian corporate credit
- Auditor Rotation Cycle Creating Management Bandwidth◆
Wipro's auditor change (Deloitte → BSR & Co + KPMG for SEC) is part of mandatory rotation; similar changes likely at other large caps in FY26-27; watch for audit qualification risks during transition periods
- ESOP Grants as Retention Tool◆
Delhivery granted 35.97 lakh options at Re.1 exercise price with staggered vesting (12-36 months); signals focus on employee retention in competitive logistics/fintech talent market; similar patterns likely at other new-age companies
Watch List (8)
- PS IT Infrastructure/2nd CoC Meeting↓ (HIGH WATCH)👁
June 4, 2026—agenda includes interim finance approval for 180 days and CFO resignation; outcome will determine if resolution is viable or liquidation likely
- Arshiya Limited/16th CoC Meeting↓ (HIGH WATCH)👁
June 3, 2026—extended CIRP (likely >2 years) with no resolution; this meeting may decide on fresh bid process or liquidation recommendation
- ICICI Bank/Investor Conference↓ (MEDIUM WATCH)👁
June 8, 2026—ICICI Securities India Investor Conference; watch for management commentary on NIM trends and credit growth guidance
- Tata Motors/Group Analyst Meeting↓ (MEDIUM WATCH)👁
June 8, 2026—over 40 institutional investors (3P IM, Groww MF, SBI Life, Bajaj Life); likely to discuss JLR demand trends and EV strategy
- Reliance Industries & Jio Financial/Citi Conference (MEDIUM WATCH)👁
June 5, 2026—both entities participating; watch for updates on telecom tariff hikes, financial services ramp-up, and retail IPO timeline
- Wipro/Auditor Transition Process↓ (LOW WATCH)👁
BSR & Co appointed for 5-year term starting FY27-28; KPMG for SEC filings; shareholder meeting expected post-81st AGM; transition risks around revenue recognition policies
- Sammaan Capital/Borrowing Cost Impact↓ (MEDIUM WATCH)👁
Following S&P upgrade to BB-, expect new bond issuances at tighter spreads; watch first debt raise post-upgrade for quantum of cost savings (est. 50-75 bps)
- SKIL Infrastructure/Resolution Progress↓ (HIGH WATCH)👁
Sixth CoC concluded June 2; monitor for disclosure on resolution plan submissions or liquidation recommendation—28 months in CIRP is beyond typical timeline
Filing Analyses
(26)
02-06-2026
Delhivery Limited has incorporated a wholly owned subsidiary named 'Delhivery Fintech Distribution Private Limited' on June 2, 2026, following board approval on May 16, 2026. The subsidiary is expected to support the company's expansion into fintech distribution. No financial figures or performance metrics were disclosed in this filing.
- · The subsidiary was incorporated under the Ministry of Corporate Affairs on June 2, 2026.
- · The subsidiary's name is 'Delhivery Fintech Distribution Private Limited'.
- · The board had approved the incorporation on May 16, 2026.
- · The disclosure is made under Regulation 30 of SEBI Listing Regulations.
02-06-2026
Reliance Industries Limited (RIL) announced that the Hon'ble Supreme Court, in its judgment dated May 29, 2026, has set aside the finding of 'fraud' under the PFUTP Regulations against RIL in the matter related to trading in RPL scrip. The Court held that RIL only violated disclosure requirements under the 2001 SEBI Circular regarding position limits and is liable to be penalized accordingly. RIL had previously deposited ₹250 crore in the Investors' Protection Fund and a penalty of ₹25 crore, both subject to the final outcome of the appeals.
- · The Supreme Court judgment dated 29-05-2026 set aside the SAT majority order (2:1) dated 05-11-2020 that had upheld SEBI's fraud finding.
- · The Court held that RIL only violated disclosure requirements under the 2001 SEBI Circular regarding position limits, not fraud regulations.
- · RIL had previously deposited ₹250 crore in the Investors' Protection Fund as per Supreme Court interim order dated 17-12-2020, subject to final result of the appeal.
- · A separate penalty of ₹25 crore imposed by SEBI adjudicating officer on 01-01-2021 was also deposited by RIL.
- · The Supreme Court concurred with SAT's observations regarding the penalty for disclosure violations.
02-06-2026
ICICI Bank Limited has disclosed a schedule for an investor meet under SEBI LODR Regulations. The bank will participate in the ICICI Securities India Investor Conference on June 8, 2026, as a group in-person event. No financial results or material business updates were announced in this filing.
- · The investor meet is scheduled for June 8, 2026.
- · The event is a group in-person conference organized by ICICI Securities.
- · The bank will refer to publicly available documents for discussions during the meet.
02-06-2026
Ashok Leyland Limited has informed the stock exchanges of the reaffirmation and assignment of credit ratings by ICRA Limited for various debt instruments totaling ₹7,479.38 Crore. The ratings reaffirmed include [ICRA]AA+ (Stable) for long-term instruments and [ICRA]A1+ for short-term instruments, while a new rating of [ICRA]AA+ (Stable) was assigned for proposed non-convertible debentures of ₹300 Crore. All ratings carry a stable outlook, indicating no immediate negative or positive credit events.
- · The rating action for commercial paper, non-convertible debentures, fund based limits, non-fund based limits, term loan, and unallocated limits is 'Reaffirmed'.
- · A new rating of [ICRA]AA+ (Stable) was assigned to the proposed non-convertible debentures of ₹300 Crore.
- · All long-term ratings carry a 'Stable' outlook, indicating no expected change in credit quality in the near term.
- · The event occurred on June 2, 2026 at 12:51 hours.
02-06-2026
SKIL Infrastructure Ltd, currently under Corporate Insolvency Resolution Process (CIRP), held its sixth Committee of Creditors (CoC) meeting on June 2, 2026, via virtual mode. The meeting lasted one hour, from 4:00 PM to 5:00 PM. The filing is a post-facto intimation to stock exchanges, with no financial results or operational metrics disclosed.
- · Company is under CIRP as per Hon’ble NCLT, Mumbai order dated 1st February 2024.
- · Resolution Professional Purusottam Behera is IBBI registered (IBBI/IPA-002/IP-N00940/2019-20/12993) with AFA valid till 31st December 2026.
- · Meeting was conducted via audio-visual means in virtual mode.
- · No details on voting, decisions, or financial outcomes of the CoC meeting were disclosed.
02-06-2026
Delhivery Limited granted 35,97,432 stock options under its ESOP-2021 plan to eligible employees, effective June 01, 2026. The exercise price is set at Re. 1 per share, with vesting schedules ranging from 12 to 36 months depending on the option tranche. This grant does not involve any immediate cash inflow or dilution, as options are not yet exercised.
- · Each stock option is convertible into one equity share of face value Re. 1 each.
- · Vesting for 1,04,190 options: 10% at 12 months, 30% at 24 months, then 15% every 6 months thereafter (total 4 years).
- · Vesting for 34,93,242 options: 20% at 12 months, 30% at 24 months, 50% at 36 months.
- · Options can be exercised any time after vesting, as per grant terms.
- · Equity shares allotted upon exercise will rank pari passu with existing shares and will not be subject to lock-in.
- · No options have been exercised, lapsed, or cancelled as of the filing date.
02-06-2026
TTK Prestige Limited announced the appointment of Mr. Chanchal Saxena as Chief Information & Digital Officer, designated as Senior Management Personnel effective June 2, 2026. This is a key leadership addition to drive digital transformation, leveraging his over 20 years of experience in technology and strategy at companies like Kohler India, Panasonic India, and LG Electronics. No financial or performance data was disclosed in this filing.
- · Mr. Saxena holds an MBA in Marketing & Systems from IMT, Ghaziabad and a B.Tech in Computer Science from Dr. Bhimrao Ambedkar University, Agra.
- · Prior employers include Kohler India (Business Partner – Digital Experience & AI COE), Panasonic India, LG Electronics, Datavibes Inc., and Tata Elxsi.
- · No relationships between directors were disclosed (NIL).
- · The appointment is effective from June 2, 2026.
02-06-2026
Wipro Limited's Board of Directors, at its meeting on June 2, 2026, approved the appointment of B S R & Co. LLP as the new Statutory Auditors for a five-year term, replacing Deloitte Haskins & Sells LLP, whose term concludes at the 81st AGM in 2027. Separately, the Board also appointed KPMG Assurance and Consulting Services LLP as the independent registered public accounting firm for US SEC filings starting FY 2027-28. Both changes are subject to shareholder approval and are part of mandatory auditor rotation requirements.
- · Deloitte Haskins & Sells LLP will continue as statutory auditor until the 81st AGM for FY 2026-27 and as independent registered public accounting firm for the Form 20-F for the year ending March 31, 2027.
- · B S R & Co. LLP was constituted on March 27, 1990, converted to LLP on October 14, 2013, and has offices across 14 locations in India.
- · The Board meeting lasted 10 minutes, from 5:35 PM to 5:45 PM.
02-06-2026
Reliance Industries Limited participated in the Morgan Stanley India Investment Forum 2026 on June 2, 2026, in Mumbai. The company confirmed that no unpublished price-sensitive information was shared during the meeting.
02-06-2026
Mahindra & Mahindra Ltd. participated in the BOFA 2026 India Conference on June 2, 2026, engaging with funds and investors. The presentation used was previously filed on May 5, 2026, and no unpublished price-sensitive information was shared. The event concluded at 5:00 PM IST.
- · Event held at Mahindra Towers, Worli, Mumbai.
- · ISIN: USY541641194 for the company's GDR listing.
- · CIN No. L65990MH1945PLC004558.
- · Presentation available on company website at weblink: M&M Q4F26 Analyst Meet – Presentations deck – 5th May 2026.
02-06-2026
Tata Motors Limited has informed the stock exchanges about a series of physical group meetings with analysts and institutional investors scheduled on June 8, 2026. The meetings will involve over 40 participants including 3P Investment Managers, Groww Mutual Fund, ICICI Securities, SBI Life Insurance, Tata AIA Life Insurance, and Bajaj Life Insurance, among others, with time slots starting from 10:00 AM to 3:00 PM.
- · The meetings are scheduled as a single physical group meeting format, not individual meetings.
- · The filing is pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
- · The schedule is subject to change, as noted in the filing.
- · Tata Motors Limited was formerly known as TML Commercial Vehicles Limited.
02-06-2026
Reliance Industries Limited disclosed that its executives will participate in the Citi India Conference 2026 in Mumbai on June 5, 2026, on a one-on-one basis. The company stated that no unpublished price sensitive information is expected to be shared or discussed during the meeting.
- · The meeting is part of the Citi India Conference 2026.
- · The disclosure is made under Regulation 30 of SEBI (LODR) Regulations, 2015.
- · The filing was also copied to Luxembourg Stock Exchange and Singapore Exchange Limited.
02-06-2026
Jio Financial Services Limited has disclosed that its executives will participate in the Citi India Conference 2026 on June 5, 2026, in Mumbai, in an in-person, one-on-one or group setting. The company has explicitly stated that no unpublished price sensitive information will be discussed, and only publicly available information will be shared. This is a routine regulatory disclosure and does not contain any financial or operational data.
- · Date of participation: June 5, 2026
- · Mode: In-person
- · Event type: One-on-One / Group meetings
- · No unpublished price sensitive information will be shared
02-06-2026
Wipro Limited announced the completion of its step-down subsidiary Wipro IT Services, LLC's acquisition of an additional 20% stake in Aggne Global Inc. on June 1, 2026. The transaction was completed ahead of the expected June 5, 2026 deadline, and the company received intimation on June 2, 2026.
- · Transaction completed on June 1, 2026, ahead of the expected June 5, 2026 deadline.
- · Intimation received on June 2, 2026.
02-06-2026
Sammaan Capital Limited received a long-term international credit rating upgrade to 'BB-' with Stable Outlook from S&P Global Ratings, following the strategic investment by International Holding Company PJSC (IHC) on March 31, 2026. This upgrade completes a series of upgrades from all major domestic rating agencies (CRISIL, CARE, ICRA) since April 2026, reflecting improved credit profile, enhanced funding access, and stronger capitalization. The company expects the rating upgrades to translate into lower borrowing costs and support its growth strategy.
- · The rating upgrade follows IHC's strategic investment in the company on March 31, 2026.
- · CRISIL upgraded the company's long-term rating to 'CRISIL AA+/Stable' on April 9, 2026.
- · CARE Ratings upgraded the company's long-term rating to 'CARE AA+; Stable' on May 12, 2026.
- · ICRA upgraded the company's long-term rating to '[ICRA]AA+/Stable' on May 20, 2026.
- · The successive rating upgrades have already led to improved market confidence and a meaningful reduction in incremental borrowing costs.
- · Enhanced funding access and lower cost of funds are expected to strengthen competitive position, support higher disbursements, and accelerate growth strategy execution.
02-06-2026
Adani Power Limited released its June 2026 investor presentation, highlighting its position as India's largest private thermal power producer with an operating capacity of 18,330 MW and a locked-in capacity of 23,720 MW. The presentation emphasizes strong growth in Q4 FY26 revenue (+10% YoY to ₹15,989 Cr) and PAT (+64% YoY to ₹4,271 Cr), but also notes a decline in full-year FY26 revenue (-2% YoY to ₹57,865 Cr) and EBITDA (-2% YoY to ₹23,431 Cr). The company has a robust pipeline of 23.7 GW locked-in capacity and expects to benefit from India's growing power demand, though its net debt increased to ₹45,022 Cr from ₹31,023 Cr in FY25.
- · India's electricity consumption per capita is ~1,395 kWh, about 1/3rd of global average.
- · Additional coal-based capacity of 97 GW required by FY35 to meet peak demand.
- · Adani Power has 100% land availability and 100% BTG sets ordered for its 23.7 GW locked-in pipeline.
- · 60% of upcoming capacity is brownfield, enabling faster execution.
- · PPAs awarded to APL under SHAKTI Policy total 13.9 GW.
- · Net debt to continuing EBITDA ratio stood at 2.12x as of FY26.
- · RoCE for FY26 was 17.5%, RoE was 20.9%, and RoA was 18.5%.
- · The presentation notes that India's logistics cost is high, with transportation accounting for ~60% of direct logistics costs.
02-06-2026
ICICI Bank Limited has allotted 311,170 equity shares of face value Rs.2 each under the Employees Stock Option Scheme-2000 on June 2, 2026. The allotment was approved by two Executive Directors under delegated authority from the Board. This is a routine corporate action related to employee stock options.
- · Allotment approved by two Executive Directors at 10:41 a.m. on June 2, 2026
- · Delegated authority granted by Board of Directors at meeting held on October 21, 2023
02-06-2026
Infosys and Handelsblatt Media Group have launched Editorial Link Intelligence (ELI), an AI-powered editorial recommendation engine built on Infosys Aster, to enhance storytelling and reader engagement for Handelsblatt and WirtschaftsWoche. The solution automates editorial workflows, improves operational efficiency, and boosts reader engagement metrics. No financial figures or period-over-period comparisons are provided in this filing.
- · ELI is developed by Wongdoody, Infosys’ human experience agency.
- · The launch marks a key milestone in Infosys’ three-year collaboration with Handelsblatt as its official AI & Digital Innovation Partner.
- · ELI is integrated into Handelsblatt and WirtschaftsWoche content infrastructure without interrupting editorial workflow.
- · Infosys has over 325,000 employees and operates in 63 countries.
- · Handelsblatt Media Group reaches more than 3.7 million readers each week.
02-06-2026
ICICI Bank has published a newspaper advertisement regarding a Special Window for Transfer and Dematerialisation of Physical Securities, as per SEBI circular dated January 30, 2026. The advertisement appeared in Financial Express (all editions) and Financial Express (Ahmedabad). This is a regulatory compliance update with no financial impact disclosed.
- · The advertisement was published in Financial Express (all editions) and Financial Express (Ahmedabad).
- · The SEBI circular referenced is HO/38/13/11(2)2026 - MIRSD - POD/I/3750/2026 dated January 30, 2026.
- · The filing is a regulatory compliance notice, not a financial or operational update.
02-06-2026
Mahindra & Mahindra Ltd. has cancelled its participation in the Morgan Stanley India Investment Forum 2026 Keynote scheduled for June 2, 2026, in Mumbai. The cancellation was communicated via a regulatory filing on the same day. No reasons for the cancellation were provided.
- · The filing is dated June 2, 2026, and references a prior letter dated May 25, 2026, that provided the schedule of the meeting.
- · The cancellation notice was sent to both NSE and BSE, with copies to Luxembourg Stock Exchange and London Stock Exchange.
- · The event was a keynote at the Morgan Stanley India Investment Forum 2026.
02-06-2026
PS IT Infrastructure & Services Limited is undergoing Corporate Insolvency Resolution Process (CIRP) with the second meeting of the Committee of Creditors scheduled for June 4, 2026. The meeting will discuss actions taken by the Resolution Professional, ratification of CIRP costs, approval of interim finance for 180 days, and amendments to EOI and Form-G. The CFO has resigned, and the resolution professional seeks guidance from the CoC.
- · Insolvency commencement date: 29/04/2026
- · First CoC meeting held on 25th May 2026
- · CFO Rajesh Baliram Patole resigned on 23 May 2026, resignation forwarded to RP on 01 June 2026
- · Proposed interim finance amount not specified in the filing
- · Voting rights of financial creditors range from 2.44% to 26.57%
02-06-2026
ICICI Bank has informed stock exchanges about the re-initiation of the second '100 Days Campaign – Saksham Niveshak' by the IEPFA from April 01, 2026 to July 09, 2026, aimed at reaching shareholders with unpaid/unclaimed dividends and incomplete KYC details. The bank has published a newspaper advertisement in Financial Express (all editions and Ahmedabad edition) regarding this campaign.
- · The campaign period is from April 01, 2026 to July 09, 2026.
- · The advertisement was published in Financial Express (all editions) and Financial Express (Ahmedabad).
- · The initiative is under the Ministry of Corporate Affairs (MCA) and Investor Education and Protection Fund Authority (IEPFA).
02-06-2026
Infosys announced an expanded strategic collaboration with DNB Bank ASA to modernize the bank's financial crime operations using the NICE Actimize X-Sight Enterprise platform. The engagement aims to consolidate DNB's fragmented legacy systems into a unified, cloud-native platform to enhance detection accuracy and regulatory compliance. No financial terms or revenue impact were disclosed, and the press release contains only forward-looking statements with no current-period financial metrics.
- · Infosys will serve as the systems integration partner, leading end-to-end modernization including enterprise architecture design, platform integration, and data migration.
- · The collaboration will consolidate customer and payment screening, customer due diligence, and transaction and fraud monitoring onto a single SaaS platform.
- · DNB is Norway's largest financial services group and one of the largest in the Nordic region by market capitalization.
- · Infosys has over 325,000 employees and operates in 63 countries.
- · NICE Actimize serves over 1,000 organizations across more than 70 countries.
02-06-2026
Arshiya Limited, under Corporate Insolvency Resolution Process (CIRP), has given prior intimation of the 16th Committee of Creditors (CoC) meeting scheduled for June 3, 2026. The filing does not contain any financial results or period-over-period comparisons, only a procedural update regarding the insolvency process.
- · The company is under Corporate Insolvency Resolution Process (CIRP).
- · The 16th CoC meeting is scheduled for June 3, 2026.
- · Resolution Professional Pankaj Mahajan holds IBBI Registration No: IBBI/IPA-001/IP-P00836/2017-2018/11420.
- · The company's registered office is at Arshiya FTWZ, CO-1, Survey Nos. 178/3 & 178/4, At Post - Sai Village, Taluka - Panvel, District - Raigad, Pin code - 410 221.
02-06-2026
Adani Ports and Special Economic Zone Limited reported cargo volume of 48.3 MMT in May 2026, a 16% YoY increase, driven by strong growth in liquids (+33% YoY) and containers (+17% YoY). Year-to-date May 2026 cargo volume reached 91.4 MMT (+15% YoY). However, logistics rail volume declined sharply, falling 19% YoY to 48,170 TEUs in May 2026 and 18% YoY to 96,660 TEUs year-to-date, indicating a mixed operational performance.
- · Liquids cargo grew 33% YoY in May 2026, the strongest segment.
- · Containers cargo grew 17% YoY in both May 2026 and YTD May 2026.
- · Logistics rail volume declined 19% YoY in May 2026 and 18% YoY YTD, contrasting with overall cargo growth.
02-06-2026
SKIL Infrastructure Ltd, currently under Corporate Insolvency Resolution Process (CIRP), has informed stock exchanges that the Sixth Committee of Creditors (CoC) meeting will be held on June 2, 2026, via virtual mode. The company has been under CIRP since an NCLT Mumbai order dated February 1, 2024, with Purusottam Behera serving as the Resolution Professional.
- · Company is under CIRP as per NCLT Mumbai order dated February 1, 2024.
- · Resolution Professional Purusottam Behera holds IBBI Registration No. IBBI/IPA-002/IP-N00940/2019-20/12993 (AFA valid till December 31, 2026).
- · Meeting will be conducted through audio-visual means in virtual mode at 4:00 PM on June 2, 2026.
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