India Pre-Market Regulatory Roundup — March 27, 2026

26-03-2026

Sadbhav Engineering Limited entered into a Master Restructuring Agreement (MRA) on March 25, 2026, with lenders including IDBI Trusteeship Services Limited, Punjab National Bank, Union Bank of India, Axis Bank Limited, Assets Care & Reconstruction Enterprise Limited, Bank of India, and Yes Bank Limited, to restructure debt totaling ₹1,516.71 Crores (fund-based exposure of ₹906.35 Crores and non-fund based limits of ₹610.36 Crores) in line with RBI's stressed assets framework. The fund-based exposure will be converted into non-convertible debentures, with additional obligations for converting interest components and promoter debt into equity, while lenders gain rights to appoint nominee special directors. Although this provides a structured path for debt resolution, it underscores significant financial distress and potential equity dilution for shareholders.

• · MRA allows additional lenders to accede later.
• · Lenders have rights including first right to share subscription on issuance and potential restrictions on capital structure changes.
• · Issuance price for equity conversions to be determined per RBI guidelines and SEBI regulations.
• · Existing security with consortium to be extended for debentures.
• · Underlying loan agreements date back to March 18, 2008, with multiple supplements up to August 12, 2021.

26-03-2026

STL Networks Limited's Board of Directors, at its meeting on March 26, 2026, approved the Notice of Postal Ballot for five key items: material related party transactions with fellow subsidiaries Sterlite Technologies Limited and Sterlite Tech Cables Solutions Limited; exercising borrowing powers under Section 180(1)(c) of the Companies Act, 2013; creating charges on movable and immovable properties under Section 180(1)(a); and investing funds exceeding limits under Section 186. The postal ballot notice will be circulated to members within prescribed timelines. The meeting commenced at 7:15 PM and concluded at 8:30 PM.

• · Scrip Code: 544395 (BSE); Scrip Symbol: STLNETWORK (NSE)
• · Disclosure pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• · Postal Ballot Notice available on company website: https://inveniatech.com/

26-03-2026

The Board of Krishna Capital And Securities Limited approved increasing authorized share capital from ₹4 Crore to ₹34 Crore, a Share Purchase Agreement for acquirers Mr. Ashu Jagmalaram Bishnoi and Mr. Yagnik Bharatkumar Tank to buy up to 13,53,892 equity shares (42.87% of paid-up capital) at up to ₹20 per share, triggering an open offer and change in control. They also approved a preferential issue of up to 3,00,00,000 equity shares at ₹20 each aggregating ₹60 Crore primarily to the acquirers and others, and appointed Mr. Vinod Singh as Additional Executive Director. An EGM is scheduled for April 25, 2026 to approve these matters.

• · EGM scheduled for Saturday, April 25, 2026 at 11:30 AM via VC/OAVM.
• · Remote e-voting from April 22, 2026 (9:00 AM) to April 24, 2026 (5:00 PM); cut-off date April 17, 2026.
• · Sellers include promoters/promoter group such as Ashokkumar B. Agrawal HUF, Jitendra A. Agrawal HUF, and others.
• · Post-transaction, acquirers to reconstitute the board and gain control.
• · Mr. Vinod Singh: Retired GM from State Bank of India with 34 years experience.

26-03-2026

AVI Products India Limited held an Adjourned Extra-Ordinary General Meeting on March 24, 2026, where six resolutions passed with 99.73% votes in favor and only 0.27% against, covering appointments of Independent Director Manas Ranjan Palo and Non-Executive Non-Independent Director Saroj Kumar Choudhury, Secretarial Auditor VKMG & ASSOCIATES LLP, enhanced borrowing limits, security creation under Section 180(1)(a), and Section 186 authorizations. Resolution 3 for Statutory Auditor N K Jalan & Co. was withdrawn due to the firm's unwillingness expressed on March 23, 2026. Voting involved 25,795 valid votes from public non-institutions out of 3,306,802 shares (0.78% turnout), with 4 public shareholders attending via VC.

• · EGM adjourned from March 17, 2026 due to lack of quorum
• · Cut-off date for voting: March 10, 2026
• · Remote e-voting period: March 14, 2026 (9 AM) to March 16, 2026 (5 PM)
• · No promoter/promoter group shareholders attended or voted
• · Resolution 5 had 25,720 votes in favor (99.73%)
• · No invalid votes for any resolution

26-03-2026

Jayant Agro-Organics Limited disclosed the voting results of its postal ballot conducted via e-voting, which concluded on March 26, 2026, at 5:00 p.m. IST. All resolutions from the Postal Ballot Notice dated February 06, 2026, were passed with the requisite majority, as confirmed by the Scrutinizer’s report from Mr. Dhrumil M. Shah of M/s Dhrumil M. Shah & Co. LLP. The results were uploaded on the company website, e-voting agency site, and stock exchanges.

• · BSE Code: 524330
• · NSE Code: JAYAGROGN
• · Disclosure pursuant to Regulation 44 of SEBI (LODR) Regulations, 2015

26-03-2026

Aditya Birla Capital Limited shareholders approved three resolutions via postal ballot on March 26, 2026: appointment of Ms. Saloni Narayan as Independent Director for five years effective February 3, 2026; appointment of Mr. Krishna Kishore Maheshwari as Non-Executive Director effective February 3, 2026; and issuance of Non-Convertible Debentures on private placement basis. All resolutions passed with requisite majority, achieving 99.9463% to 99.9884% votes in favor out of 84.3205% of 2,618,120,562 outstanding shares polled. Voting was unanimous among promoters (100% in favor), with near-unanimous support from public institutions and minor dissent from non-institutions.

• · E-voting commenced February 25, 2026, 9:00 a.m. IST and concluded March 26, 2026, 5:00 p.m. IST
• · Record date for shareholders: February 19, 2026
• · No invalid votes or abstentions included in polled votes
• · Promoters polled 98.1270% of their shares unanimously in favor for all resolutions

26-03-2026

Cipla Limited announced the results of its postal ballot on March 26, 2026, with all four resolutions passing by requisite majorities: appointment of Mr. Achin Gupta as Director, Managing Director and Global CEO, approval of his remuneration, and re-appointment of Mr. Prathivadibhayankara Rajagopalan Ramesh as Independent Director. Approval rates were overwhelmingly high at 99.91%, 99.86%, and 99.63% for the first three resolutions, respectively, while the fourth resolution passed with 83.01% in favor amid 16.99% opposition. Voting participation was 80.58% of total outstanding shares of 807,780,677.

• · Record date: February 20, 2026
• · Postal ballot e-voting period: February 24, 2026 (9:00 AM IST) to March 25, 2026 (5:00 PM IST)
• · Promoter and Promoter Group: 100% votes polled and 100% in favor on all resolutions
• · Public Institutions: 91.76% votes polled on average
• · Public Non-Institutions: 16.95% votes polled on average
• · No invalid votes reported
• · Scrutinizer's report issued: March 26, 2026

26-03-2026

Promoter group members Harish Lakshman and Malavika Lakshman purchased equity shares of Rane Holdings Limited in the open market on March 23 and 25, 2026, signaling confidence in the company. Harish Lakshman acquired 4,750 shares (2,800 on BSE on 23-03-2026 and 1,950 on NSE on 25-03-2026) for a total value of ₹49,85,196, increasing his holding from 169,617 shares (1.19%) to 174,367 shares (1.22%). Malavika Lakshman bought 6,800 shares (5,450 on NSE on 23-03-2026 and 1,350 on NSE on 25-03-2026) for ₹71,10,240, raising her stake from 22,067 shares (0.15%) to 28,867 shares (0.20%).

• · ISIN: INE384A01010
• · All transactions executed via open market purchases; no derivatives trading reported
• · Disclosures intimated to company on 25-03-2026 and 26-03-2026; filing dated 26-03-2026
• · Transaction values exclude taxes/brokerage/other charges

26-03-2026

Ms. Surbhi Munjal (DIN: 09593268), Whole-Time Director of SSMD Agrotech India Limited (Scrip Code: 544621), has resigned due to personal reasons via email dated March 26, 2026, with relief effective from the later date of the board meeting accepting it. The company has placed on record its appreciation for her contributions. No financial impact or other details disclosed.

• · Intimation pursuant to SEBI LODR Regulation 30 read with Schedule III Part A.
• · Scrip Name: SSMD
• · Compliance Officer Email: cs@houseofmanohar.com

26-03-2026

Reliance Industries Limited categorically rejects recent media reports alleging the purchase of crude oil of Iranian origin, stating that these claims are entirely baseless, factually incorrect, and misleading. The company urges media outlets to verify facts thoroughly before publication to avoid misinforming stakeholders and the public. The statement is issued by Savithri Parekh, Company Secretary and Compliance Officer, and copied to multiple stock exchanges including BSE, NSE, Luxembourg Stock Exchange, and Singapore Exchange.

• · Scrip Code: 500325, Trading Symbol: RELIANCE
• · CIN: L17110MH1973PLC019786
• · Registered Office: 3rd Floor, Maker Chambers IV, 222, Nariman Point, Mumbai-400 021, India

26-03-2026

Nirlon Limited published a newspaper notice on March 26, 2026, informing of board and committee meetings scheduled for May 25, 2026, at 12:30 p.m. IST to approve audited financial results for the financial year ended March 31, 2026, and recommend a final dividend for FY 2025-26, subject to shareholder approval at the 67th AGM. The trading window is closed from April 1, 2026, to May 27, 2026, in compliance with SEBI regulations.

• · Notice published in Business Standard (English) and Navakal (Marathi) on March 26, 2026
• · Meetings pursuant to SEBI LODR Regulations 29, 33, and 47
• · Trading window closure per Company's ICCPIT under SEBI (Prohibition of Insider Trading) Regulations, 2015
• · Security Code: 500307

26-03-2026

Fino Payments Bank Limited's Board, on March 26, 2026, resolved to withdraw the ongoing postal ballot agenda for re-appointing Mr. Rishi Gupta as MD & CEO for three years from May 02, 2026, due to his recent arrest in an investigation unrelated to the Bank's GST compliance, while the agenda for his FY 2024-25 remuneration proceeds. The Bank emphasizes that Gupta's candidature remains unaffected pending regulatory clearances, and operations continue stably with full cooperation to authorities. This action underscores commitment to governance amid the legal proceedings.

• · Postal Ballot notice dated January 29, 2026; e-voting from February 28 to March 29, 2026.
• · Results for remuneration agenda (item 1) to be declared by March 31, 2026; votes for re-appointment (item 2) treated as null and void.
• · Investigation involves program managers associated with multiple banks; Bank cooperating with authorities.
• · Re-appointment subject to NRC, Board re-assessment of fit and proper status, RBI view, and compliance with Companies Act, SEBI, RBI guidelines.
• · Board meeting: March 26, 2026, 07:15 p.m. to 08:40 p.m. IST.