India NCLT Insolvency Resolution Filings — June 12, 2026

12-06-2026

ONGC's subsidiary, ONGC Petro additions Limited (OPaL), has received board approval to raise funds up to ₹4,471 crore via private placement of non-convertible debentures (NCDs), subject to shareholder and regulatory approvals. The filing is a disclosure under SEBI LODR regulations and does not provide any financial performance data for ONGC or OPaL.

• · OPaL's 134th Board meeting held on June 11, 2026 approved the NCD proposal.
• · The NCDs may be secured or unsecured and redeemable.
• · The fund raise is subject to shareholder approval and other statutory/regulatory approvals.
• · OPaL is a debt-listed subsidiary of ONGC.

12-06-2026

Veefin Solutions Limited has convened a meeting of its Unsecured Creditors on July 17, 2026, as directed by the NCLT Mumbai Bench, to consider and approve a Scheme of Arrangement and Amalgamation (merger by absorption) of GlobeTF Solutions Limited and Estorifi Solutions Limited into Veefin Solutions Limited. The meeting will be held via video conferencing, with remote e-voting from June 30 to July 16, 2026. The scheme is subject to creditor approval and subsequent NCLT sanction.

• · Meeting date: Friday, July 17, 2026 at 10:00 AM IST via VC/OAVM.
• · Remote e-voting period: June 30, 2026 (10:00 AM IST) to July 16, 2026 (5:00 PM IST).
• · Cut-off date for creditor eligibility: March 31, 2026.
• · NCLT order date: May 13, 2026.
• · BSE Observation Letter dated April 1, 2026 is included as Annexure 5.
• · Valuation Report by BDO Valuation Advisory LLP dated September 30, 2025.
• · Fairness Opinion by Socradamus Capital Private Limited dated September 30, 2025.
• · Audited standalone financial statements of all three companies as on March 31, 2026 are included.
• · The scheme involves merger by absorption of GlobeTF Solutions Limited and Estorifi Solutions Limited into Veefin Solutions Limited.

12-06-2026

Mrugesh Trading Ltd. informed BSE that its promoter entity, JRA Infrastructure Limited, has been admitted into Corporate Insolvency Resolution Process (CIRP) under Section 7 of the IBC, 2016, vide NCLT Ahmedabad order dated 25 April 2025 (corrigendum 28 April 2025). The application was filed by HDFC Bank Limited as financial creditor for default of outstanding dues of ₹13,80,41,303.38 as on 30 June 2024. Mrugesh Trading Ltd. itself is not under CIRP and its business operations remain unaffected.

• · The CIRP was initiated against JRA Infrastructure Limited, a promoter entity of Mrugesh Trading Ltd., and not against Mrugesh Trading Ltd. itself.
• · The application under Section 7 of IBC was filed by HDFC Bank Ltd. on 22 November 2024.
• · First default occurred on 6 July 2022; the application was filed within the three-year limitation period under Article 137 of the Limitation Act, 1963.
• · Total credit facilities sanctioned aggregated to ₹24,36,55,942, including 34 loan accounts and a Cash Credit facility of ₹10,00,00,000.
• · The NCLT order was originally dated 25 April 2025, with a corrigendum issued on 28 April 2025 to correct a typographical error in the case number and IRP registration number.
• · The IRP appointed is Mr. Rajendra Devidas Puranik (IBBI/IPA-001/IP-P02029/2020-2021/13149).
• · A recovery application (Original Application No. 523 of 2022) for ₹22,00,16,341 is pending before the Debts Recovery Tribunal-I, Ahmedabad.

12-06-2026

Mahindra & Mahindra Limited transferred 74,164 equity shares from its Employees’ Stock Option Trust to 39 stock option grantees on June 12, 2026, pursuant to the exercise of stock options under the company’s ESOP scheme. The transfer was disclosed in compliance with exchange listing requirements. No financial impact or performance metrics were provided in this filing.

• · The largest single transfer was to R. Velusamy (32,834 shares), followed by Rajesh Jejurikar (20,000 shares) and Rohit Thakur (3,437 shares).
• · The trust transferred shares to 39 grantees, with individual allotments ranging from 25 to 32,834 shares.
• · The filing was made under ISIN USY541641194 (likely for GDR/ADR listing on London Stock Exchange).

12-06-2026

Adani Green Energy Limited disclosed that ESG Risk Assessments and Insights Limited has assigned an ESG rating of 77/100 (Category: Excellent) to the company, based on publicly available data. The company did not engage the rating agency for this assessment.

• · The ESG rating was independently prepared based on data available in public domain, not commissioned by the company.
• · The rating category is 'Excellent' (77/100).

12-06-2026

Scan Projects Ltd has issued a notice for an Extraordinary General Meeting (EGM) to be held on July 18, 2026, to seek shareholder approval for a Scheme of Arrangement (Merger) with Chanderpur Industries Private Limited as the transferor company. The meeting is being convened pursuant to an order dated May 21, 2026 from the National Company Law Tribunal (NCLT), Chandigarh Bench. The filing does not contain financial performance data, so no period-over-period comparisons are available.

• · The EGM will be held in hybrid mode (physical and video conferencing) on Saturday, July 18, 2026 at 11:30 AM IST at the company's registered office in Village Kanjnu, Radaur Road, Distt Yamuna Nagar, Haryana.
• · The cut-off date for determining eligible shareholders to receive the EGM notice is June 5, 2026.
• · The quorum for the meeting is 5 members.
• · The NCLT order was passed on May 21, 2026 in CA(CAA) No. 7/CHD/HRY/2026.
• · The scheme includes a joint valuation report and fairness opinion dated September 18, 2025.
• · BSE issued an observation letter dated January 6, 2026 regarding the scheme.

12-06-2026

Adani Ports and Special Economic Zone Limited announced that ESGRisk.ai has assigned an ESG rating of 83 with an 'Excellent' classification, reflecting a 7-point improvement over the previous rating. This underscores the company's position as an ESG leader with a strong track record in managing material ESG risks.

• · The ESG rating of 83 is classified as 'Excellent' by ESGRisk.ai.
• · The improvement of 7 points indicates a strong upward trend in ESG performance.
• · The disclosure was made under Regulation 30 of SEBI Listing Regulations.

12-06-2026

Asian Energy Services Limited (AESL) held an equity shareholders meeting on June 12, 2026, to approve the Scheme of Merger by Absorption of Oilmax Energy Private Limited (OEPL) into AESL, as directed by the National Company Law Tribunal (NCLT) Mumbai Bench. The meeting was conducted via video conferencing and was chaired by Mr. Mukesh Mittal, IRS (Retd.), with the proposed share exchange ratio set at 117 fully paid-up equity shares of ₹10 each of AESL for every 10 fully paid-up equity shares of ₹10 each of OEPL. The e-voting results and scrutinizer's report are to be communicated to stock exchanges within two working days.

• · The meeting was convened pursuant to NCLT Mumbai Bench order dated April 22, 2026, in Company Scheme Application No. C.A. (CAA) No. 49(MB)/2026.
• · The meeting was held via Video Conferencing/Other Audio Video Means (VC/OAVM) and lasted from 11:00 AM to 11:23 AM IST.
• · The notice of the meeting was sent to all equity shareholders as of the cut-off date of May 1, 2026, and published in 'Business Standard' (English) and 'Navshakti' (Marathi).
• · The resolution seeks approval under Sections 230 to 232 read with Section 66 of the Companies Act, 2013.
• · E-voting results and the Scrutinizer's Report will be filed with stock exchanges within two working days and posted on the websites of the Company, NSDL, and the stock exchanges.

12-06-2026

Shivom Investment & Consultancy Ltd, under CIRP since February 2024, held a Board Meeting on 12 June 2026 to regularize compliance for the backlogged year. The Board approved audited financial statements for FY 2023-24, showing a net loss of ₹48.62 Lakh (improved from a loss of ₹4,900.70 Lakh in FY 2022-23). However, revenue collapsed 95% to only ₹16.55 Lakh from ₹350.18 Lakh, and cash and equivalents fell sharply from ₹514.59 Lakh to ₹0.13 Lakh, highlighting severe financial distress.

• · The company is under CIRP with effect from 7 February 2024 pursuant to NCLT Mumbai order on a petition by Consultshah Financial Services Private Limited.
• · The Board of Directors' powers are suspended and exercised by Resolution Professional Nimai Shah.
• · No shareholder held more than 5% of equity shares as per available public data; promoter/promoter group shareholding reported as nil.
• · Non-current investments were written off from ₹242.50 Lakh to nil during FY 2023-24, reflecting a provision for investment written off of ₹3,065.77 Lakh in the prior year.
• · Long-term loans and advances (unsecured, to related parties) increased by 26.16% to ₹3,818.31 Lakh.
• · Cash flow from operations was negative at ₹821.41 Lakh for FY 2023-24.
• · The company's ability to continue as a going concern depends on successful resolution and NCLT approval.
• · Total equity (share capital + reserves) is negative: ₹6,995.13 Lakh minus ₹6,210.90 Lakh = ₹784.23 Lakh positive, but reserves are deeply negative.
• · Trade payables remain unchanged at ₹15.49 Lakh, and provisions decreased slightly.
• · Employee benefit expenses were minimal at ₹3.03 Lakh (up from ₹2.48 Lakh).
• · Other expenses reduced drastically to ₹0.74 Lakh from ₹5,096.53 Lakh (which included a bad debt write-off of ₹5,090.16 Lakh).

12-06-2026

ICICI Bank allotted 394,038 equity shares of face value Rs.2 each on June 12, 2026 under the Employees Stock Option Scheme-2000, approved by two Executive Directors under delegated board authority. The allotment is a routine ESOP exercise with no material financial impact disclosed.

• · Allotment approved at 09:59 a.m. on June 12, 2026 (time of last approval)
• · Allotment approved by two Executive Directors under power delegated by Board on October 21, 2023
• · Face value of shares is Rs.2 each

12-06-2026

Jio Financial Services Limited disclosed that its executives participated in a Non-Deal Roadshow in San Francisco on June 11, 2026, organized by a third party. The meeting was held in-person in a one-on-one/group format, and the company confirmed that no unpublished price-sensitive information was shared, only publicly available information was discussed.

• · The roadshow took place on June 11, 2026, in San Francisco.
• · The meeting was a Non-Deal Roadshow, conducted in-person, one-on-one/group format.
• · The company had previously disclosed the meeting on June 8, 2026.
• · No unpublished price-sensitive information was shared or discussed.

12-06-2026

Tata Consultancy Services (TCS) has launched India's first Oracle AI Data Platform Lab and Center of Excellence (CoE) in Kolkata, expanding its collaboration with Oracle to help organizations overcome AI adoption barriers. The facility will leverage Oracle Cloud Infrastructure, Autonomous AI Database, and OCI Enterprise AI to turn enterprise data into actionable intelligence and scale AI-driven automation. TCS plans to roll out similar labs and CoEs across four additional Indian cities over the next three years, reinforcing its investment in AI engineering and data platforms.

• · The facility is located at Delta Park Lords, Kolkata.
• · TCS generated consolidated revenues of over US $30 billion in the fiscal year ended March 31, 2026.
• · TCS sponsors 14 of the world’s most prestigious marathons and endurance events.
• · TCS has been recognized as a top employer in six continents.

12-06-2026

Ansal Properties & Infrastructure Limited (APIL) has provided prior intimation of the 53rd Committee of Creditors meeting for its 'Fernhill project' in Gurgaon, scheduled for June 15, 2026, as part of the ongoing Corporate Insolvency Resolution Process (CIRP). The CIRP, initially admitted for the entire company, has been confined to the Fernhill project and, per a recent NCLAT order (Jan 7, 2026), to Lucknow and Rajasthan projects under a settlement agreement, while the Serene Residency project in Greater Noida had its Resolution Plan approved by NCLT on October 6, 2025.

• · The company was initially admitted into CIRP by NCLT New Delhi Bench on November 16, 2022.
• · Hon'ble NCLAT order dated January 13, 2023 confined the Section 7 application to the Fernhill project.
• · Per NCLAT order dated January 7, 2026, CIRP is now also confined to Lucknow and Rajasthan projects (as per settlement agreement dated March 3, 2022 between IL&FS Financial Services Limited and APIL).
• · Resolution Plan for the Serene Residency project was approved by NCLT New Delhi Bench II on October 6, 2025.