India Pre-Market Regulatory Roundup — March 31, 2026

30-03-2026

Abans Enterprises Limited announced the voting results of its postal ballot notice dated February 05, 2026, with all 19 resolutions passed with the requisite majority on March 27, 2026. Key approvals include the special resolution for appointing Mr. Deepak Zope (DIN: 07870467) as Whole Time Director for 3 years (99.99% votes in favor) and 18 ordinary resolutions for material related party transactions with promoter group entities like Abans Broking Services Private Limited and subsidiaries such as Abans Jewels Limited. Promoter group did not vote on related party transactions, ensuring arm's length approval; no resolutions failed.

• · E-voting period: February 26, 2026 (9:00 a.m. IST) to March 27, 2026 (5:00 p.m. IST)
• · Cut-off date for voting eligibility: February 20, 2026
• · Scrutinizer: M/s. D.A. Kamat & Co. (P.R. No. 1714/2022)
• · Promoter group abstained from voting on related party transaction resolutions (Items 2-19)

30-03-2026

Bharti Airtel announced a US$1 Billion investment round in its subsidiary Nxtra Data Limited, led by Alpha Wave Global (US$435 million), Carlyle (US$240 million), and Anchorage Capital (US$35 million), with Airtel participating via ~US$290 million contribution. Nxtra, currently valued with Airtel holding 75.96% stake, will be valued at around US$3.1 Billion post-closing, with Airtel retaining controlling stake; proceeds to fuel expansion from ~300 MW to 1 GW capacity. The transaction is subject to regulatory approvals and aims to capture ~25% market share in India's data center sector growing at 21% CAGR to 3,400 MW by 2030.

• · Transaction approved by Special Committee of Directors on March 30, 2026 (1715-1815 IST)
• · Deal subject to regulatory approvals in India; cash consideration at arm's length
• · Nxtra: first data center company in India to deploy AI at scale for predictive maintenance, energy efficiency, and operations
• · Nxtra developing AI-ready campuses in Chennai, Mumbai, Kolkata; state-of-the-art facility in Pune

30-03-2026

Shareholders of Abans Financial Services Limited approved via postal ballot 49 resolutions, including the re-appointment of Mr. Abhishek Bansal as Managing Director for a second 5-year term effective June 18, 2026, and Ms. Ashima Chhatwal as Non-Executive Independent Director for a second 5-year term effective July 12, 2026, along with 47 ordinary resolutions approving material related party transactions with various promoter group entities. All resolutions passed with overwhelming majorities, such as 99.9977% in favor for Resolution 1 and 99.9976% for Resolution 2, and at least 97.99% for Resolution 3. The remote e-voting occurred from February 26, 2026, to March 27, 2026, with results certified by scrutinizer Mr. Mitesh Dhabliwala.

• · Record date for shareholders entitled to vote: February 20, 2026
• · Postal Ballot Notice date: February 09, 2026
• · E-voting platform: National Securities Depository Limited (NSDL)
• · Company CIN: L74900MH2009PLC231660
• · Disclosure under Regulation 30 and 44(3) of SEBI LODR Regulations, 2015

30-03-2026

Shareholders of Nitin Castings Limited approved the Special Resolution for voluntary delisting of equity shares (face value ₹5 each) under SEBI Delisting Regulations, 2021, via postal ballot with remote e-voting. 52 members voted in favor with 45,59,910 valid votes (100% of total valid votes), while 9 members voted against with 1,720 votes (0.00%). The resolution passed with requisite majority, including public shareholders (8,89,474 votes in favor vs. 1,720 against).

• · Cut-off date for voting eligibility: Friday, 20th February, 2026
• · Remote e-voting period: Saturday, February 28, 2026 (09:00 a.m. IST) to Sunday, March 29, 2026 (05:00 p.m. IST)
• · Votes unblocked on: Monday, March 30, 2026
• · Postal Ballot Notice dated: 27th February, 2026
• · Board appointment of scrutinizer: 20th February, 2026

30-03-2026

Fino Payments Bank Limited's members approved via postal ballot a special resolution for payment of remuneration to Mr. Rishi Gupta (MD & CEO) for FY 2024-25, passing with 99.65% of votes in favor (21,763,598 votes) out of total votes polled representing 26.45% of 83,218,402 outstanding shares. While promoters (34.67% turnout) and public institutions (4.90% turnout) voted 100% in favor, public non-institutions had very low turnout (0.47%) but 90.22% of their polled votes against. Resolution No. 2 on Mr. Gupta's re-appointment was withdrawn per addendum dated March 26, 2026.

• · Remote e-voting period: February 28, 2026 (9:00 a.m. IST) to March 29, 2026 (5:00 p.m. IST)
• · Postal Ballot Notice dated January 29, 2026; Addendum dated March 26, 2026
• · Cut-off date for members: February 20, 2026
• · Scrutinizer report confirms resolution passed with requisite majority; no invalid votes

30-03-2026

Manappuram Finance Limited's Board approved a borrowing program for FY 2026-27 up to Rs. 7,400 Crore via redeemable non-convertible debentures in one or more tranches, appointed Mr. Narayanan Easwaran as Group Chief Technology Officer effective March 30, 2026, and sanctioned additional equity investments up to Rs 7,90,59,04,996/- in subsidiary Asirvad Micro Finance Limited (AMFL) and Rs 1,50,00,00,000/- in wholly-owned subsidiary Manappuram Home Finance Limited (MAHOFIN) to support capex and working capital. AMFL's FY 2025 turnover grew marginally 0.9% YoY to Rs. 2,705.43 Crore (nearly flat), while MAHOFIN's surged 29% YoY to Rs. 313.9089 Crore. Both subsidiaries showed strong multi-year growth, with AMFL AUM at Rs.8188.79 Crore and MAHOFIN at Rs. 1823.88 Crore as of March 31, 2025.

• · AMFL investment at Rs. 44 per share; current holding 98.56%, post-investment up to 99.06%
• · MAHOFIN investment at Rs. 10 per share; remains 100% held
• · AMFL indicative investment completion by April 15, 2026; MAHOFIN by April 30, 2026
• · Both investments are related party transactions at arm's length
• · Board meeting held March 30, 2026, from 05:00 P.M. to 06:30 P.M.

30-03-2026

Tata Steel Limited completed the acquisition of 7,40,000 equity shares (49% stake) and 2,30,05,182 OCRPS (31.85% preference share stake) in Medica TS Hospital Private Limited from Manipal Hospitals Eastern India Private Limited for an aggregate consideration of ₹1.49 crore on March 30, 2026. Following this, Medica TS Hospital has become a wholly owned subsidiary of Tata Steel Limited. The transaction complies with Regulations 30 and 51 of SEBI (LODR) Regulations, 2015.

• · Share Purchase Agreement executed on March 17, 2026.
• · Prior disclosure made on March 17, 2026.

30-03-2026

Refex Industries Limited converted Class B OCDs aggregating ₹43,00,00,000 into 24,866 equity shares of ₹10 each (at a premium of ₹17,283 per share) in its subsidiary Venwind Refex Power Limited (VRPL), increasing its shareholding from 73.28% (1,00,208 shares) to 77.39% (1,25,074 shares), a rise of 4.11%. This conversion strengthens VRPL's capital structure and optimizes its debt-equity ratio without fresh capital infusion. VRPL, engaged in wind power, reported NIL turnover for FY2024-25.

• · VRPL CIN: U27101TN2024PLC175572
• · VRPL Date of Incorporation: 20/12/2024
• · VRPL Turnover FY2024-25: NIL
• · Face value of equity shares: ₹10/- each
• · Related party transaction: Yes, VRPL is a subsidiary

30-03-2026

The National Company Law Tribunal (NCLT) Ahmedabad Bench sanctioned the Scheme of Amalgamation of Penna Cement Industries Limited (Transferor Company) with Ambuja Cements Limited (Transferee Company) on March 30, 2026, with an Appointed Date of August 16, 2024; the scheme will become effective upon completion of specified steps. Equity shareholders of Ambuja Cements approved the scheme overwhelmingly, with 99.9997% of valid votes (2,23,83,58,608 shares) in favor and only 0.0003% (6,221 shares) against, out of total valid votes of 2,23,83,64,829 shares. The amalgamation aims to integrate operations for efficiency, cost savings, and enhanced shareholder value, with no reported objections from key regulators.

• · No preference shareholders or secured creditors in Transferor Company; no preference shareholders, secured creditors, or unsecured creditors in Transferee Company.
• · Meetings of equity shareholders, unsecured creditors, and optionally convertible debenture holders of Transferor Company were dispensed with by NCLT.
• · Rationale includes integration for better resource utilization, reduced overheads, economies of scale, and group entity rationalization.

30-03-2026

Aequs Limited disclosed the voting results of its postal ballot conducted from February 26 to March 27, 2026, where all seven resolutions—including ratification and amendments to the Aequs Employee Stock Option Plan 2025 (ESOP 2025), extensions to holding/subsidiary employees, secondary share acquisitions via trust, funding provisions, director nomination rights under a 2023 Shareholders' Agreement, Articles of Association alterations, and related party transactions with Aequs SEZ Private Limited—passed with requisite majorities ranging from 97.65% to 99.9998% in favor. Voting turnout was strong at 87.22% of 670,665,635 total shares, with promoters unanimously supportive (100%), though public institutions showed minor opposition up to 7.35% on Resolution 2. Overall approval was near-unanimous across categories, with public non-institutions nearly fully supportive (99.87-99.90%).

• · Postal ballot notice dated February 25, 2026; e-voting from 9:00 AM IST Feb 26, 2026 to 5:00 PM IST Mar 27, 2026
• · Shareholders' Agreement dated October 12, 2023, with amendment and termination dated May 12, 2025
• · All resolutions deemed passed as per Scrutinizer's report, to be available on company website www.aequs.com/investor
• · NSE Symbol: AEQUS; BSE Scrip Code: 544634; ISIN: INE947N01017

30-03-2026

Bank of Baroda issued a clarification on a news item regarding a debarment order dated March 27, 2026, from Commissioner, DIF, Bhopal, barring the bank from government business due to a fund transfer mismatch involving MP Government accounts and a Ram Navami holiday delay. The order was revoked with immediate effect on March 28, 2026, within 24 hours via letter No. 91/Service/2026/530, resulting in no material impact or disclosure requirement at the time. The bank detailed the chronological events, including emails received on March 26 and 27, and subsequent representations to zonal authorities.

• · Initial debarment letter: No I/912701/2026 dated 27.03.2026
• · Revocation letter: No. 91/Service/2026/530 dated 28.03.2026
• · Fund transfer executed in 4 different tranches on 27.03.2026 after approvals
• · Branch emails received: 26.03.2026 (initial and revised), 27.03.2026 (with attached letter)

30-03-2026

The 5th meeting of the Committee of Creditors (CoC) for Radhagobind Commercial Limited was held on March 30, 2026, chaired by Resolution Professional Adv. Najeeb T P, with discussions on progress of the Corporate Insolvency Resolution Process (CIRP), revision of Resolution Plans, and other related matters. Mr. Najeeb T P was appointed Interim Resolution Professional by NCLT Kolkata Bench on October 30, 2025 (Order No. CP (IB)/71/KB/2025) and Resolution Professional on January 27, 2026 (Order No. IA (IB.C)/90(KB)2026). The short 30-minute meeting underscores ongoing insolvency proceedings amid no reported financial resolutions or positive developments.

• · Scrip Codes: BSE 030070, CSE 539673
• · NCLT Orders: CP (IB)/71/KB/2025 dated 30.10.2025 (IRP appointment), IA (I.B.C)/90(KB)2026 dated 27-01-2026 (RP appointment)
• · Meeting timing: Commenced 4:00 pm, concluded 4:30 pm on 30-03-2026
• · Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015

30-03-2026

The Board of Directors of Global Surfaces Limited approved the appointment of Mr. Rakesh Grover (DIN: 09673773) as an Additional Non-Executive Independent Director effective March 30, 2026, for a term of two consecutive years subject to shareholder approval; he brings over 37 years of experience in banking, treasury, and governance. The Board also took on record the resignation of Mr. Ashish Kumar Kachawa (DIN: 02530233) as Non-Executive Non-Independent Director of the Company and Director of material subsidiary Global Surfaces FZE, effective close of business hours on March 30, 2026, citing increased professional commitments and no other material reasons. No financial impacts or performance changes were disclosed.

• · Mr. Rakesh Grover is not debarred from holding the office of Independent Director by SEBI or any other authority.
• · No relationship between Mr. Rakesh Grover and existing Directors or KMPs.
• · Board meeting held from 08:46 P.M. to 09:00 P.M. on March 30, 2026.
• · Resignation letters confirm no material reasons other than time commitments.

30-03-2026

Scrutinizer's report confirms unanimous approval of three special resolutions via remote e-voting: (1) name change from Jyotirgamya Enterprises Limited to Atma Industries Limited with MOA/AOA alterations, (2) shifting registered office from Delhi to Maharashtra, and (3) alteration to MOA situation clause. All resolutions passed with 195,747 votes in favor (99.9816%) from 69 members versus 36 votes against (0.0184%) from 11 members, on a total of 195,783 valid votes polled out of 2,300,000 outstanding shares (8.9010% turnout). No invalid votes were recorded.

• · Remote e-voting period: February 28, 2026 (9:00 AM IST) to March 29, 2026 (5:00 PM IST)
• · Cut-off date for voting eligibility: February 20, 2026
• · Notice dispatch date: February 27, 2026
• · No physical ballots dispatched per MCA Circulars
• · No invalid votes across all resolutions

30-03-2026

Ashiana Housing Limited has postponed its 1st Extra-Ordinary General Meeting (EGM) for FY 2026-27 from April 17, 2026, to April 22, 2026, at 11:30 a.m. via VC/OAVM due to unavoidable circumstances, with the record date set as April 15, 2026. The EGM seeks shareholder approval via special resolution for appointing Mr. Vikas Choudhury (DIN: 00267030) as Independent Director for a term of three years (or until the third AGM, whichever earlier) and to pay him remuneration of ₹8 lakhs per annum. Remote e-voting will be available from April 19, 2026 (9:00 a.m.) to April 21, 2026 (5:00 p.m.).

• · EGM originally approved in Board Meeting on February 10, 2026.
• · Company CIN: L70109WB1986PLC040864.
• · Security Code: 523716 (BSE), NSE Symbol: ASHIANA.
• · Remote e-voting agency: NSDL.
• · Scrutinizer email: fcsvermaashok@gmail.com.

30-03-2026

Rane (Madras) Limited has scheduled a meeting of the Board of Directors on May 06, 2026, to consider and approve the Audited Financial Results (Standalone & Consolidated) for the quarter and year ending March 31, 2026, in compliance with Regulation 29 of SEBI LODR. The trading window will remain closed for Promoters, Directors, other connected persons, and designated employees from March 31, 2026, to May 08, 2026 (both days inclusive). No financial metrics or performance data are disclosed in this intimation.

• · Scrip Code: 532661 (BSE), Symbol: RML (NSE)
• · CIN: L65993TN2004PLC052856
• · Registered Office: 'Maithri', No. 132, Cathedral Road, Chennai - 600 086

30-03-2026

Cambridge Technology Enterprises Limited's Board approved the divestment of 100% shareholding in wholly-owned subsidiaries R.P. Web Apps Private Limited (2.4% turnover, 4.9% net worth contribution last FY) for ₹6,08,800 and CTE Technology Solutions Private Limited (0.007% turnover, 0.016% net worth) for ₹1,00,000, representing minor streamlining. However, the Board noted the cessation of Key Managerial Personnel Mr. Sreenivasa Sastry Tumuluru as Manager effective March 30, 2026, due to his unwillingness to continue. Additionally, it approved a postal ballot notice for shareholder approval of Whole-Time Director Mr. Raj Kumar Sehgal's appointment, with cut-off date March 27, 2026.

• · Buyers: AKIT IT Consulting Private Limited for R.P. Web Apps (not related to promoters); Bizserve Technology Investments Pte Limited for CTE Technology Solutions (not related to promoters)
• · Transactions not related party and not under scheme of arrangement
• · Postal ballot scrutinizer appointed: Mr. Kashinath Sahu
• · Mr. Sreenivasa Sastry Tumuluru appointed as Manager on November 14, 2025 for 5 years
• · Mr. Raj Kumar Sehgal appointed Whole-Time Director effective February 05, 2026
• · Cut-off date for postal ballot: March 27, 2026
• · Board meeting: March 30, 2026, 15:30 to 18:35 IST

30-03-2026

Shelter Infra Projects Limited (formerly CCAP Limited) has issued an intimation to BSE and Calcutta Stock Exchange regarding its upcoming Board of Directors meeting on Monday, April 6, 2026, at 12:30 P.M. at its registered office in Kolkata. The agenda includes taking note of pre-audit discussions with statutory auditors on audit strategy, risk assessment, internal financial controls, auditor independence, and compliance per NFRA Circular dated January 7, 2026, along with omnibus approval for related party transactions, director disclosures, and policy updates. An Audit Committee meeting is also scheduled around the same date to cover similar audit-related matters.

• · Scrip Codes: BSE 526839, CSE 13077
• · CIN: L45203WB1972PLC028349
• · NFRA Circular reference: dated 07.01.2026
• · Audit Committee meeting tentatively on April 5 or 6, 2026 at 1:00 P.M.

30-03-2026

Rane Holdings Limited has scheduled a meeting of the Board of Directors on May 15, 2026, to consider and approve the Audited Financial Results (Standalone & Consolidated) for the quarter and year ending March 31, 2026. In compliance with the company's Insider Trading Code, the trading window will remain closed for promoters, directors, connected persons, and designated employees from March 31, 2026, to May 17, 2026 (both days inclusive). This intimation is made under Regulation 29 of SEBI (LODR) Regulations, 2015.

• · Filing submitted online via BSE Listing Centre and NSE NEAPS.
• · Company CIN: L35999TN1936PLC002202.
• · Registered office: 'Maithri', Plot No. 132, Cathedral Road, Chennai - 600 086.

30-03-2026

Olympic Cards Limited informed BSE on March 30, 2026, that the trading window for dealing in the company's securities remains closed for designated persons and their immediate relatives from April 1, 2026, until 48 hours after the announcement of audited financial results for the quarter/year ended March 31, 2026. This complies with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's Code of Conduct. The notice was issued by Dr. S. KUPPAN, Company Secretary & Compliance Officer.

• · Scrip Code No.: 534190
• · CIN No.: L65993TN1992PLC022521

30-03-2026

GMR Energy Limited (GEL), a wholly owned subsidiary of GMR Power and Urban Infra Limited, acquired 5,09,80,769 equity shares (2.37% stake) in GMR Kamalanga Energy Limited (GKEL) from IDFC First Bank Limited for ₹60 Crore on March 30, 2026, consolidating the Company's stake in GKEL to nearly 100% and enhancing strategic control. GKEL, operating a 1050 MW coal-based power plant, saw turnover decline from ₹3194 Cr in FY 2022-23 to ₹2955 Cr in FY 2023-24 (a 7.5% drop), before a modest 2.1% increase to ₹3017 Cr in FY 2024-25. This transaction provides full control over a key power generation asset but highlights GKEL's relatively flat recent revenue performance.

• · GKEL incorporated on December 28, 2007, and operates thermal power plant in Kamalanga, Dhenkanal District, Odisha.
• · Transaction is not a related party transaction; no governmental or regulatory approvals required.
• · Acquisition completed on March 30, 2026, via cash consideration.

30-03-2026

Jain Resource Recycling Limited's Borrowing and Investment Committee approved the acquisition of 26% equity stakes in three captive wind power generating companies—Sea Sindu Green Energy Private Limited, Sri Kamakshi Wind Power Private Limited, and OM Sakthi Wind Power Private Limited—for a total cash consideration of Rs. 74,09,000/-, to meet minimum ownership requirements for captive electricity use under the Electricity Act, 2003. The acquisitions are set to complete by March 31, 2026, with no regulatory approvals required. While Sri Kamakshi and OM Sakthi showed revenue growth or flat performance in FY24-25, Sea Sindhu experienced declining turnovers over the last three years.

• · No governmental or regulatory approvals required for the acquisitions.
• · Acquisitions are not related party transactions and are at arm's length.
• · Target incorporation dates: Sea Sindu (June 12, 2015), Sri Kamakshi (May 13, 2014), OM Sakthi (February 15, 2006).
• · All targets are wind power generators based in India.

30-03-2026

Nazara Technologies Limited acquired 4,188 equity shares (12.56% stake) in its subsidiary Next Wave Multimedia Private Limited for an aggregate consideration of ₹7,50,08,955, increasing its holding from 87.44% to 100% and making Nextwave a wholly owned subsidiary. This transaction completes the Share Purchase Agreement dated May 24, 2024, with the founding shareholders Mr. P.R Rajendran, Ms. R Kalpana, and Ms. P.R Jayashree. No declines or flat metrics reported in this acquisition update.

• · Disclosure pursuant to Regulation 30 of SEBI Listing Regulations.
• · Previous disclosure reference: December 30, 2025.
• · Acquisition date: March [30], 2026.
• · Scrip Code: 543280 (BSE); Scrip Symbol: NAZARA (NSE).

30-03-2026

EFC (I) Limited informed stock exchanges that a Board of Directors meeting is scheduled for April 3, 2026, to consider and approve proposals for raising funds through issuance of equity shares or other eligible securities via permissible modes such as private placement, qualified institutions placement, preferential issue, rights issue, or combinations thereof, subject to regulatory and shareholder approvals. The trading window for dealings in the company's securities remains closed from March 30, 2026, until 48 hours after the announcement of audited financial results (standalone and consolidated) for the quarter and year ended March 31, 2026.

• · Scrip Code: 512008; NSE Symbol: EFCIL
• · Registered Office: 6th Floor, VB Capitol Building, Range Hill Road, Opp. Hotel Symphony, Bhoslenagar, Shivajinagar, Pune-411007, Maharashtra
• · CIN: L74110PN1984PLC216407
• · Company Website: www.efclimited.in
• · Email: compliance@efclimited.in