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India Pre-Market Regulatory Roundup — July 15, 2026

India Before-Market Intelligence

By Gunpowder Editorial ·

6 high priority 38 medium priority 44 total filings analysed

Executive Summary

The overnight filing batch from July 14-15, 2026, reveals a market dominated by routine AGM notices and procedural updates, but with several high-impact events that demand attention. The most critical development is the NCLAT's closure of Prime Focus Limited's insolvency proceedings after a settlement, removing a major overhang and signaling a potential turnaround.

In the healthcare/pharma space, the proposed merger of Achyut Healthcare into Zenith Healthcare (a related-party transaction) is a significant consolidation move, though it raises governance questions. Capital-raising activities are notable: Swastika Investmart added a fundraise agenda to its board meeting, and Jaykay Enterprises announced a ₹155 crore rights issue. Suryoday Small Finance Bank seeks to raise up to ₹500 crore in Tier-1 and Tier-2 capital, indicating growth ambitions. On the operational front, Spice Lounge opened its first Wing Zone outlet in Bengaluru, marking an expansion into the QSR segment. However, the overall batch lacks broad period-over-period financial comparisons, with only Kirloskar Oil Engines disclosing a 19.4% YoY decline in loan funds. The absence of quarterly results in this batch limits trend analysis, but the forward-looking events (AGMs, fundraises, merger approvals) provide a rich catalyst calendar for the coming weeks.

Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →

Filing types in this digest: Corporate governance · M&A · Insider trading · Corporate action · Debt securities · Insolvency

Tracking the trend? Catch up on the prior India Pre-Market Regulatory Roundup digest from July 14, 2026.

Investment Signals (12)

  • NCLAT closed CIRP after settlement; company solvent with 12,000 employees; disputed amount of ₹353.8 Cr deposited; no claims received by IRP

  • Zenith Healthcare/Achyut Healthcare (NEUTRAL)

    All-share merger with swap ratio 119:50; combined promoter holding to rise from 28.74% to 45.80%; Achyut brings larger assets (₹3809.44 lakh vs ₹1098.59 lakh) but lower turnover (₹1197.15 lakh vs ₹1093.65 lakh)

  • Seeking shareholder approval to raise up to ₹300 Cr Tier-1 and ₹200 Cr Tier-2 capital; final dividend of ₹1.50/share (15% face value)

  • Board approved rights issue of up to ₹155 Cr partly paid-up equity shares; record date and pricing yet to be announced

  • Added fundraise agenda to July 20 board meeting; potential QIP/preferential issue/rights issue

  • Opened first Wing Zone outlet in Bengaluru under exclusive Master Franchise; plans nationwide expansion across metros

  • Annual report shows revenues of ₹7,947 Cr and net worth of ₹5,837 Cr; dividend ₹7.50/share; included in S&P Global Sustainability Yearbook

  • Loan funds decreased 19.4% YoY to ₹104 Cr in FY26 from ₹129 Cr in FY25, indicating deleveraging

  • Recommended final dividend of ₹2.15/share (21.5%); AGM on August 5, 2026

  • AGM on August 7, 2026; dividend of ₹9/share (450% on face value of ₹2)

  • First AGM as listed company after successful IPO (oversubscribed 4.76x); operates 9 hotels with 1,604 keys; pipeline of 9 upcoming properties

  • Rose Merc (NEUTRAL)

    Postal ballot for regularization of executive director and independent director; alteration of MOA to delete water processing objects

Risk Flags (9)

  • Income Tax Appellate Authority upheld penalty orders totaling ~₹1.93 Cr under Section 270A; company plans to challenge

  • Zenith Healthcare/Achyut Healthcare [MEDIUM RISK]

    Merger is a related-party transaction (same promoter group); post-merger promoter holding increases to 45.80% from 28.74%, raising corporate governance concerns

  • Prime Focus [MEDIUM RISK]

    Although CIRP closed, the company had to deposit ₹353.8 Cr with NCLAT; financial stress may linger

  • Resignation of VP - Sales & Business Development (Senior Management) effective July 14, 2026; could indicate internal challenges

  • Rose Merc [MEDIUM RISK]

    Regularization of executive director and independent director via postal ballot suggests potential governance issues; MOA alteration deleting main objects is a red flag

  • Virat Industries [LOW RISK]

    Name change to 'Brahm Virat Industries Corporation Limited' approved by board; subject to shareholder approval; no business rationale provided

  • ADF Foods [LOW RISK]

    TDS on dividend of ₹0.60/share; shareholders must submit documents by August 5 to avoid higher TDS; administrative risk for investors

  • Seeking to raise up to ₹500 Cr in capital; dilution risk for existing shareholders

  • Rights issue of partly paid-up shares; payment schedule with subsequent calls may strain shareholders

Opportunities (10)

  • Prime Focus (OPPORTUNITY)

    CIRP closure removes insolvency overhang; company solvent with 12,000 employees; potential re-rating as uncertainty resolved

  • Zenith Healthcare (OPPORTUNITY)

    Merger with Achyut Healthcare creates larger entity with combined assets of ~₹4908 lakh; Achyut's new manufacturing facility for tablets/capsules adds capacity

  • Capital raise of up to ₹500 Cr to fund growth; dividend yield of ~1.5% at current price; AGM on August 6 provides catalyst

  • Exclusive Master Franchise for Wing Zone in India; first outlet opened in Bengaluru; QSR expansion story with potential for rapid growth

  • Deepak Nitrite (OPPORTUNITY)

    Strong fundamentals with ₹7,947 Cr revenue; sustainability recognition (CDP 'B', DJSI, S&P Yearbook); AGM on August 5 could provide guidance

  • IPO proceeds of ₹759.6 Cr to fund expansion; 9 new properties in pipeline; first AGM as listed company on August 5

  • Kirloskar Oil Engines (OPPORTUNITY)

    Debt reduction of 19.4% YoY improves balance sheet; AGM on August 7 may provide outlook

  • IFGL Refractories (OPPORTUNITY)

    Dividend yield of ~2.15% at current price; AGM on August 5; stable dividend payer

  • Radico Khaitan (OPPORTUNITY)

    High dividend of ₹9/share (450% on face value); AGM on August 7; strong shareholder return

  • Swastika Investmart (OPPORTUNITY)

    Potential fundraise via QIP/preferential issue could attract institutional investors; board meeting on July 20

Sector Themes (6)

  • Consolidation in Pharma/Healthcare

    The Achyut-Zenith merger (related-party) reflects ongoing consolidation in the small-cap pharma space, driven by scale and synergy benefits. Combined entity will have enhanced manufacturing capacity and product portfolio.

  • Capital Raising Surge

    Multiple companies (Swastika Investmart, Jaykay Enterprises, Suryoday Small Finance Bank) are seeking to raise capital via rights issues, QIPs, or preferential allotments, indicating a need for growth capital or debt repayment.

  • AGM Season Catalysts

    With 10+ AGMs scheduled in early August (Radico Khaitan, Deepak Nitrite, Brigade Hotel, IFGL, Suryoday, etc.), investors should watch for dividend declarations, management guidance, and strategic updates.

  • QSR Expansion in India

    Spice Lounge's entry with Wing Zone franchise highlights growing interest in international QSR brands in India, leveraging master franchise models for rapid scaling.

  • Insolvency Resolution Success

    Prime Focus's CIRP closure via settlement demonstrates that NCLAT is facilitating out-of-court settlements, providing a path for stressed companies to revive.

  • Governance Scrutiny

    Related-party transactions (Zenith-Achyut merger) and postal ballot regularizations (Rose Merc) underscore the need for investors to monitor corporate governance practices in smaller companies.

Watch List (10)

  • Monitor for further updates on settlement disbursement and business revival plans; potential re-listing catalyst

  • Zenith Healthcare
    👁

    Watch for NCLT and shareholder approvals for merger with Achyut Healthcare; timeline for completion

  • AGM on August 6; watch for approval of capital raise and dividend declaration; record date July 17 for dividend

  • Await record date, issue price, and ratio for rights issue; potential dilution impact

  • Board meeting on July 20 to consider fundraise; watch for instrument and pricing details

  • Track expansion progress of Wing Zone outlets; potential revenue contribution in coming quarters

  • AGM on August 5; watch for management commentary on demand outlook and capex plans

  • First AGM as listed company on August 5; watch for occupancy and RevPAR trends

  • Outcome of challenge to penalty orders; potential financial impact if upheld

  • Postal ballot results due by August 15; watch for approval of director regularization and MOA alteration

Filing Analyses (44)
Radico Khaitan Limited Market Notice neutral materiality 3/10

14-07-2026

Radico Khaitan Limited has issued the notice for its 42nd Annual General Meeting (AGM) scheduled for August 7, 2026, along with the Annual Report for FY 2025-26. The AGM will consider the adoption of audited financial statements, declaration of a dividend of ₹9 per equity share (450% on face value of ₹2), re-appointment of Mr. Abhishek Khaitan as a director, re-appointment of Walker Chandiok & Co LLP as statutory auditors for a second five-year term, and ratification of cost auditor remuneration. The remote e-voting period runs from August 3 to August 6, 2026.

  • · The Register of Members and Share Transfer Books will remain closed from July 25, 2026 to August 7, 2026 (both days inclusive).
  • · Cut-off date for determining members eligible to vote is July 31, 2026.
  • · Remote e-voting commences on August 3, 2026 at 9:00 AM IST and ends on August 6, 2026 at 5:00 PM IST.
  • · The AGM will be held at the registered office in Rampur, Uttar Pradesh.
  • · Walker Chandiok & Co LLP is proposed to be re-appointed as statutory auditors for a second term of five consecutive years (until the 47th AGM in 2031).
  • · Cost auditor remuneration for FY 2026-27 is ₹1,50,000 plus reimbursement of actual expenses.
DCM Shriram Fine Chemicals Ltd Corporate Governance positive materiality 3/10

14-07-2026

DCM Shriram Fine Chemicals Ltd held its 5th Annual General Meeting on July 14, 2026, where all seven resolutions (six ordinary and one special) were passed by shareholders with overwhelming majority. All resolutions received over 98% votes in favour, with the highest approval (99.98%) for adoption of financial statements and dividend declaration.

  • · The AGM was conducted through Video Conferencing/Other Audio Visual Means (VC/OAVM).
  • · Resolution 6 (Payment of Commission to Non-Executive Directors) had the highest opposition, with 1.77% votes against and 24 members voting against.
  • · All resolutions received over 98.23% votes in favour, indicating strong shareholder support.
  • · A total of 1,250 members abstained from voting on each resolution.
Radico Khaitan Limited Market Notice neutral materiality 3/10

14-07-2026

Radico Khaitan Limited has issued the notice for its 42nd Annual General Meeting (AGM) scheduled for August 7, 2026, along with the Annual Report for FY 2025-26. The AGM will consider the adoption of audited financial statements, declaration of a dividend of ₹9 per equity share (450% on face value of ₹2), re-appointment of Director Mr. Abhishek Khaitan, re-appointment of Statutory Auditors Walker Chandiok & Co LLP for a second term of five years, and ratification of cost auditor remuneration. The remote e-voting period runs from August 3 to August 6, 2026.

  • · The Register of Members and Share Transfer Books will remain closed from July 25, 2026 to August 7, 2026 (both days inclusive).
  • · Cut-off date for determining members eligible to vote is July 31, 2026.
  • · Dividend of ₹9 per share represents 450% on face value of ₹2 per share.
  • · Statutory Auditors Walker Chandiok & Co LLP are proposed for re-appointment for a second term of five consecutive years (up to 47th AGM in 2031).
  • · Cost auditor remuneration for FY 2026-27 is ₹1,50,000 plus reimbursement of actual expenses.
EPack Prefab Technologies Limited Market Notice neutral materiality 3/10

14-07-2026

EPack Prefab Technologies Limited has announced the resignation of Mr. Sunil Kumar Singh, Vice President - Sales & Business Development (Senior Management Personnel), effective from the close of business hours on July 14, 2026. The resignation is for personal career reasons, and the company has acknowledged his cooperation during the transition.

  • · Mr. Sunil Kumar Singh's last working day is July 14, 2026.
  • · The resignation is effective from the closing of business hours on July 14, 2026.
  • · The resignation letter cites personal career aspirations as the reason for leaving.
  • · The company has attached the resignation letter as Annexure-B and details as Annexure-A.
Ramgopal Polytex Ltd Corporate Governance neutral materiality 2/10

14-07-2026

Ramgopal Polytex Ltd has informed stock exchanges that its 45th Annual General Meeting (AGM) will be held on August 6, 2026 via video conferencing, and the Annual Report for FY 2025-26 is available on its website. The company is also notifying shareholders without registered email addresses about the availability of these documents and requesting them to update their KYC details as per SEBI circulars. No financial results or performance metrics were disclosed in this filing.

  • · AGM scheduled for August 6, 2026 at 3:30 PM IST via VC/OAVM.
  • · Shareholders without registered email addresses are being sent a physical letter with weblink to access the Annual Report and AGM notice.
  • · KYC update request sent to physical shareholders referencing SEBI circulars from 2021 to 2026.
  • · Registrar and Transfer Agent is Bigshare Services Private Limited.
  • · Company's registered office is in Bhiwandi, Thane; corporate office in Nariman Point, Mumbai.
Deepak Nitrite Limited Corporate Governance positive materiality 8/10

14-07-2026

Deepak Nitrite Limited has published its 55th Annual Integrated Report for FY 2025-26, reporting revenues of ₹7,947 Crore and a net worth of ₹5,837 Crore. The company declared a dividend of ₹7.50 per share and will hold its AGM on August 5, 2026 via video conferencing. While the report highlights strategic expansions and sustainability achievements, it also notes ongoing geopolitical uncertainties and supply chain challenges that could impact future performance.

  • · The company scored 'B' in climate change and water security at CDP and scored 67 at DJSI Assessment during maiden assessments.
  • · The company earned inclusion in the S&P Global Sustainability Yearbook.
  • · The AGM will be held on Wednesday, August 5, 2026 at 11:30 A.M. IST through Video Conferencing/Other Audio Visual Means.
  • · The report aligns with the International <IR> framework, UN SDGs, Companies Act 2013, Indian Accounting Standards, and SEBI LODR Regulations 2015.
  • · The company has manufacturing divisions in Nitrite & Nitroaromatics, Taloja Chemicals, Roha, Hyderabad Specialities, Dahej, and subsidiaries Deepak Phenolics, Deepak Chem Tech, and Deepak Advanced Materials.
Swastika Investmart Ltd Corporate Governance neutral materiality 5/10

14-07-2026

Swastika Investmart Ltd has added an agenda item to its July 20, 2026 board meeting to consider raising funds through various instruments including equity shares, convertible securities, warrants, or debt securities via private placement, preferential issue, rights issue, or QIP. The trading window for insiders will open 48 hours after the declaration of the unaudited financial results for the quarter ended June 30, 2026. No financial figures or performance metrics were disclosed in this filing.

  • · Additional agenda item: proposal for raising funds via equity shares, convertible securities, warrants, or debt securities through private placement/preferential issue/rights issue/QIP.
  • · Trading window for designated persons will open 48 hours after declaration of Q1 FY27 unaudited results.
  • · Board meeting originally scheduled for July 20, 2026 to consider unaudited financial results for quarter ended June 30, 2026.
DCM Shriram Fine Chemicals Ltd Market Notice neutral materiality 3/10

14-07-2026

DCM Shriram Fine Chemicals Ltd held its 5th Annual General Meeting on July 14, 2026, where shareholders approved an alteration to the Articles of Association by special resolution. The changes allow the Board to appoint the managing director and/or CEO as chairperson, and exempt the managing director from retirement by rotation.

  • · The AGM was conducted via Video Conferencing/Other Audio Visual Means.
  • · The alteration involved substituting existing Article 74(ii) and inserting new sub-clauses 74(iii) and 74(iv).
  • · The special resolution was approved by the members of the company.
Achyut Healthcare Limited Merger/Acquisition neutral materiality 7/10

14-07-2026

Achyut Healthcare Limited (Transferor) will merge into Zenith Healthcare Limited (Transferee) under a Scheme of Amalgamation approved by the board on July 14, 2026. The all-share deal, with a share exchange ratio of 119 Zenith shares for every 50 Achyut shares, aims to create operational synergies and simplify the group structure. The combined entity will have a post-merger promoter holding of 45.80% and public holding of 54.20%.

  • · The scheme is subject to approval from NCLT, shareholders, creditors, and BSE (no-objection letter).
  • · No cash consideration is involved; only equity shares will be issued.
  • · The promoters of both companies belong to the same group, making this a related party transaction.
  • · The share exchange ratio was determined by registered valuers and a fairness opinion was obtained from a SEBI-registered merchant banker.
  • · Post-merger, the promoter shareholding in the Transferee company will increase from 28.74% to 45.80%.
  • · The Transferor company (Achyut) will be dissolved without winding up upon the scheme becoming effective.
SG Finserve Limited Analyst/Investor Meet neutral materiality 1/10

14-07-2026

SG Finserve Limited has disclosed the audio recording link for its conference call held on July 14, 2026, to discuss the unaudited financial results for the quarter ended June 30, 2026. The call was scheduled at 4:30 PM IST and the recording is available on the company's website. No financial figures or performance details are provided in this filing.

  • · Conference call held on July 14, 2026 at 4:30 PM IST
  • · Audio recording link: https://sgfinserve.com/schedule-analyst
  • · Call was to discuss unaudited financial results for quarter ended June 30, 2026
Rose Merc.Limited Corporate Governance neutral materiality 5/10

14-07-2026

Rose Merc Limited has issued a Notice of Postal Ballot dated July 14, 2026, seeking shareholder approval via remote e-voting on three special resolutions: (1) regularization of Mr. Amitkumar Yogendra Singh as Executive Director and COO of a proposed new FinTech business segment, (2) regularization of Mr. Santosh Sambhaji Gavade as Independent Director, and (3) alteration of the company's Memorandum of Association to delete two existing main objects related to water processing equipment. The e-voting period runs from July 15, 2026 to August 13, 2026, with results to be declared within 48 hours of the close. The filing does not contain any financial performance data or period-over-period comparisons.

  • · Cut-off date for determining members eligible to vote: July 10, 2026.
  • · Remote e-voting opens: July 15, 2026 at 9:00 a.m. IST; closes: August 13, 2026 at 5:00 p.m. IST.
  • · Mr. Amitkumar Yogendra Singh's appointment as Executive Director is for a 5-year term from July 14, 2026 to July 13, 2031, based on a Management Agreement dated June 1, 2026.
  • · Mr. Santosh Sambhaji Gavade's appointment as Independent Director is for a 5-year term from July 14, 2026 to July 13, 2031.
  • · The company proposes to delete existing Clause III(A)(6) and Clause III(A)(7) from its Memorandum of Association, which relate to water processing equipment and purification businesses.
  • · The company has engaged NSDL for remote e-voting; no physical postal ballot forms are being sent.
SODHANI CAPITAL LIMITED Insider Trading Disclosure neutral materiality 3/10

14-07-2026

Oasis Securities Limited, a promoter group entity of Sodhani Capital Limited, acquired 46,000 equity shares (0.58% of paid-up capital) of Sodhani Capital Limited through an on-market purchase on July 14, 2026, for a total value of ₹2,923,300. The transaction was disclosed under SEBI PIT Regulations and executed on BSE Limited.

  • · The acquisition was made on-market via BSE Limited.
  • · The disclosure was filed under Regulation 7(2)(b) of SEBI PIT Regulations.
  • · Oasis Securities Limited is categorized as a Promoter Group entity.
  • · The transaction value of ₹2,923,300 excludes taxes, brokerage, and other charges.
Brigade Hotel Ventures Limited Corporate Governance neutral materiality 3/10

14-07-2026

Brigade Hotel Ventures Limited has scheduled its Tenth Annual General Meeting (AGM) for August 5, 2026, to be conducted via video conferencing. The meeting will consider the adoption of audited financial statements for FY2025-26, the re-appointment of Mr. Amar Shivram Mysore as a director, and the appointment of M/s. ASR & Co. as Secretarial Auditors for five years. The remote e-voting period runs from August 1 to August 4, 2026, with the cut-off date for voting eligibility being July 29, 2026.

  • · The AGM will be held through Video Conferencing / Other Audio Visual Means, with no physical attendance or proxy facility.
  • · The remote e-voting period is from August 1, 2026 (9:00 a.m. IST) to August 4, 2026 (5:00 p.m. IST).
  • · Cut-off date for voting eligibility is July 29, 2026.
  • · M/s. ASR & Co. is proposed to be appointed as Secretarial Auditors for five consecutive years from FY2026-27 to FY2030-31.
  • · The AGM notice and annual report are available on the company's website and stock exchange websites.
Indo Cotspin Limited Market Update neutral materiality 3/10

14-07-2026

Indo Cotspin Limited has issued the Notice for its 32nd Annual General Meeting (AGM) to be held on August 10, 2026 via video conferencing. The agenda includes adoption of audited financial statements for FY2025-26, re-appointment of directors (including Mr. Bal Aggarwal Kishan as Managing Director, Mr. Sanil Aggarwal and Mr. Arpan Aggarwal as Whole-Time Directors), change in designation of Mr. Raj Pal Aggarwal from Whole-Time Director to Non-Executive Director, and ratification of managerial remuneration that may exceed statutory limits. The filing is a routine procedural notice with no financial performance data or period-over-period comparisons provided.

  • · 32nd AGM scheduled for August 10, 2026 at 12:00 PM IST via VC/OAVM.
  • · Mr. Arpan Aggarwal re-appointed as Whole-Time Director from September 21, 2025 to September 20, 2030.
  • · Mr. Bal Aggarwal Kishan re-appointed as Managing Director from October 1, 2026 to September 30, 2031.
  • · Mr. Sanil Aggarwal re-appointed as Whole-Time Director from September 1, 2026 to August 31, 2031.
  • · Mr. Raj Pal Aggarwal to change designation from Whole-Time Director to Non-Executive Director effective August 10, 2026.
  • · Special resolution to ratify managerial remuneration exceeding Section 197 limits for FY2025-26, including minimum remuneration in case of loss or inadequate profits.
  • · Item 09 seeks to increase borrowing limits of the company (no specific limit mentioned).
  • · M/s Manish Jain & Associates, Chartered Accountants (FRN: 015608N) proposed as Statutory Auditors for 5 years from 32nd AGM to 37th AGM.
Achyut Healthcare Limited Merger/Acquisition neutral materiality 7/10

14-07-2026

Achyut Healthcare Limited (Transferor Company) will merge into Zenith Healthcare Limited (Transferee Company) under a Scheme of Amalgamation approved by the Board on July 14, 2026. The all-share deal, with an exchange ratio of 119 Zenith shares for every 50 Achyut shares, aims to create operational synergies and simplify the group structure. The scheme is subject to approvals from NCLT, shareholders, and creditors, with no cash consideration involved.

  • · The scheme is a related party transaction as promoters of both companies belong to the same group, but it is exempt from Section 188 of the Companies Act, 2013 under MCA General Circular No. 30/2014.
  • · The Share Exchange Ratio was determined by registered valuers Den Valuation (OPC) Private Limited and Vanshika Vijayvargiy, with a fairness opinion from Aftertrade Broking Private Limited.
  • · Post-amalgamation, promoter shareholding in the Transferee Company will increase from 28.74% to 45.80%, while public shareholding will decrease from 71.26% to 54.20%.
  • · The Transferor Company is setting up a manufacturing facility for pharmaceutical products targeting EU GMP certification.
  • · The Transferee Company exports to 11 countries and manufactures WHO cGMP-compliant products.
Brigade Hotel Ventures Limited Market Update positive materiality 7/10

14-07-2026

Brigade Hotel Ventures Limited (BHVL) published its Annual Report for FY2025-26, marking its first as a publicly listed company following a successful IPO in July 2025. The IPO, a fresh equity issue of ₹759.6 Crore with no Offer-for-Sale component, was oversubscribed 4.76 times and valued the company at over ₹3,400 Crore. The company operates nine hotels with 1,604 keys across South India and GIFT City, and has a pipeline of nine upcoming properties, reflecting strong growth ambitions; however, the filing does not disclose financial performance metrics such as revenue, profit, or occupancy rates, making it impossible to assess operational trends or profitability.

  • · The IPO was oversubscribed 4.76 times overall, with retail investors at 6.59 times and QIBs at 5.73 times.
  • · The company is the second-largest owner of chain-affiliated hotels and rooms in South India among major private hotel asset owners as of March 31, 2025.
  • · The Tenth Annual General Meeting is scheduled for August 5, 2026 at 11:00 a.m. IST via video conferencing.
  • · The company's portfolio spans luxury, upper upscale, upscale, upper midscale, and midscale segments.
  • · The company's hospitality journey began in the late 1990s with the conversion of a residential building into serviced apartments under the Brigade Homestead brand.
Chambal Fertilizers & Chemicals Limited Market Notice negative materiality 3/10

14-07-2026

Chambal Fertilizers & Chemicals Limited disclosed that the Income Tax Appellate Authority has upheld two penalty orders totaling approximately ₹1.93 Cr (₹58,27,971 and ₹1,35,24,064) under Section 270A of the Income Tax Act, 1961 for disallowance of Education Cess and Secondary & Higher Education Cess. The company states there is no impact on financial, operation or other activities save the penalty amounts, and it plans to challenge the orders before the appropriate authority.

  • · The orders were passed by the Commissioner of Income-tax (Appeals), Income Tax Department.
  • · The original orders were passed by the Assessment Unit, Income Tax Department on 24/02/2026 and 06/03/2026.
  • · The company received the direction/order on 13/07/2026.
  • · The company intends to challenge the orders before the appropriate authority.
Achyut Healthcare Limited Merger/Acquisition neutral materiality 7/10

14-07-2026

Achyut Healthcare Limited (Transferor) will merge into Zenith Healthcare Limited (Transferee) under a Scheme of Amalgamation approved by the Board on July 14, 2026. The all-share deal, with a swap ratio of 119 Zenith shares for every 50 Achyut shares, is intended to create operational synergies and simplify the group structure. The merger is subject to NCLT, shareholder, and creditor approvals, and the combined entity's promoter shareholding is expected to rise from 28.74% to 45.80%.

  • · The swap ratio is 119 fully paid-up equity shares of Transferee (face value ₹1 each) for every 50 fully paid-up equity shares of Transferor (face value ₹1 each).
  • · No cash consideration is payable under the Scheme.
  • · The Scheme is subject to approval by NCLT, shareholders, creditors, and BSE (no-objection letter).
  • · The promoters of both companies belong to the same group, making the transaction a related party transaction, but it is exempt from Section 188 of the Companies Act, 2013 under a general circular.
  • · The combined entity's promoter shareholding is expected to increase from 28.74% to 45.80% post-amalgamation.
  • · The Transferor Company is developing a pharmaceutical manufacturing facility targeting EU GMP certification.
  • · The Transferee Company currently exports to 11 countries.
Rajnandini Fashion India Ltd Corporate Governance neutral materiality 3/10

14-07-2026

Rajnandini Fashion India Ltd has informed BSE that its Board of Directors will meet on July 17, 2026, to consider and approve the standalone audited financial results for the fiscal year ended March 31, 2026. The trading window for dealing in the company's equity shares will remain closed until 48 hours after the results are declared.

  • · Board meeting scheduled for July 17, 2026 at 5:00 PM at the company's corporate office in Surat.
  • · Agenda includes approval of standalone audited financial results for FY ended March 31, 2026.
  • · Trading window closed until 48 hours after results declaration.
  • · Other authorizations include filing of Change Request Form, affixing Digital Signature Certificate for BSE filings, and updating bank mandates.
Zenith Health Care Ltd. Merger/Acquisition neutral materiality 8/10

14-07-2026

Zenith Healthcare Limited's board approved a Scheme of Amalgamation with Achyut Healthcare Limited, a related party under common promoters. The all-share deal (no cash consideration) aims to combine operations in pharmaceuticals, with Achyut bringing significantly larger assets (₹3809.44 lakh vs. ₹1098.59 lakh) and net worth (₹3506.12 lakh vs. ₹742.42 lakh) but lower turnover (₹1197.15 lakh vs. ₹1093.65 lakh). The scheme is subject to NCLT, shareholder, and regulatory approvals.

  • · The Share Exchange Ratio will be determined based on a report by Den Valuation (OPC) Private Limited and Vanshika Vijayvargiy, with a fairness opinion from Aftertrade Broking Private Limited.
  • · The scheme requires approval from NCLT, shareholders, creditors, and a no-objection letter from BSE.
  • · Achyut Healthcare is setting up a new manufacturing facility for tablets, capsules, liquid inhalation, and sachets at Bhat, Ahmedabad.
  • · Zenith Healthcare currently exports to 11 countries.
  • · No cash consideration is involved; equity shares of ₹1 each will be issued to Achyut shareholders.
Jaykay Enterprises Limited Corporate Action neutral materiality 7/10

14-07-2026

On July 13, 2026, Jaykay Enterprises Limited’s Board approved a rights issue of up to ₹ 15,500.00 Lakh (Rs. 155 Crore) partly paid-up equity shares to eligible shareholders, subject to regulatory approvals. The issue includes a payment schedule with an application amount and one or more subsequent calls as determined by the Board. The draft letter of offer has been filed with the exchanges, with key dates (opening, closing, allotment, listing) yet to be announced.

  • · The Rights Issue is of partly paid-up equity shares with a face value of ₹1 each, including a premium per share (amounts to be disclosed later).
  • · The issue is subject to receipt of necessary approvals and compliance with the Companies Act, 2013, SEBI ICDR Regulations, 2018, and other applicable laws.
  • · The record date, issue price, ratio, and all key dates are yet to be notified.
  • · The promoter of the company is Abhishek Singhania.
PVP Ventures Limited Debt Securities neutral materiality 1/10

14-07-2026

PVP Ventures Limited has fixed a record date of July 20, 2026, for interest payments on two series of Non-Convertible Debentures (ISINs INE362A07054 and INE362A07047), with the payment date set for July 21, 2026. This is a routine regulatory disclosure under SEBI LODR Regulation 60(2) and does not contain any financial performance data or material business developments.

  • · Record date: Monday, July 20, 2026
  • · Payment date: Tuesday, July 21, 2026
  • · Two NCD series: ISINs INE362A07054 and INE362A07047
  • · Interest payment is to debenture holders on record as of the record date
Brigade Hotel Ventures Limited Corporate Governance neutral materiality 1/10

14-07-2026

Brigade Hotel Ventures Limited has informed stock exchanges that its Tenth Annual General Meeting (AGM) will be held on August 5, 2026 at 11:00 AM IST via video conference. The company has sent a letter to shareholders who have not registered their email addresses, providing a web link and QR code to access the Annual Report for FY 2025-26. The filing is a routine procedural disclosure under SEBI Listing Regulations and contains no financial performance data.

  • · Tenth AGM scheduled for August 5, 2026 at 11:00 AM IST via video conference/other audio visual means.
  • · Annual Report for FY 2025-26 is accessible via web link and QR code provided in the letter.
  • · Shareholders without registered email addresses are requested to update their email with their Depository Participant.
  • · Physical copies of the Annual Report can be requested via email at investors@bhvl.in or einward.ris@kfintech.com.
IFGL Refractories Limited Market Notice neutral materiality 5/10

14-07-2026

IFGL Refractories Limited has published its Annual Report for FY 2025-26 and convened the 19th Annual General Meeting (AGM) on 5th August 2026 via video conferencing. The Board recommends a final dividend of 21.5% (₹2.15 per equity share) for the financial year. The notice also includes the re-appointment of Mr. Mihir Prakash Bajoria as a director liable to retire by rotation and ratification of cost auditor remuneration.

  • · Cut-off date for voting eligibility: 29th July 2026.
  • · Dividend payment will be made on or after 10th August 2026.
  • · AGM will be held through VC/OAVM; no proxy facility is available.
  • · The Annual Report and AGM Notice are available on the company's website and stock exchange portals.
  • · Cost auditor remuneration for FY 2026-27 is capped at ₹5,00,000.
IFGL Refractories Limited Corporate Governance neutral materiality 3/10

14-07-2026

IFGL Refractories Limited has issued its Annual Report for FY 2025-26 and notice for the 19th Annual General Meeting (AGM) to be held on August 5, 2026 via video conferencing. The Board has recommended a final dividend of ₹2.15 per share (21.5%), and the AGM will seek shareholder approval for the adoption of financial statements, dividend declaration, re-appointment of Managing Director Mihir Prakash Bajoria, and ratification of cost auditor remuneration. The filing is a routine regulatory disclosure with no negative or flat performance metrics reported.

  • · AGM scheduled for Wednesday, 5th August 2026 at 11 AM through VC/OAVM.
  • · Cut-off date for voting eligibility is Wednesday, 29th July 2026.
  • · Dividend payment will be made on or after Monday, 10th August 2026.
  • · Mr. Mihir Prakash Bajoria was appointed as Managing Director for a three-year term from 1st March 2026 to 28th February 2029 and is liable to retire by rotation.
  • · Cost auditor M/s Mani & Co. remuneration for FY 2026-27 is proposed at not exceeding ₹5,00,000.
  • · ISIN of equity shares: INE133Y01011.
Zenith Health Care Ltd. Merger/Acquisition neutral materiality 8/10

14-07-2026

Zenith Healthcare Limited's board approved a scheme of amalgamation with Achyut Healthcare Limited, a related-party entity, on July 14, 2026. The all-share deal (no cash consideration) aims to combine operations in pharmaceuticals, with Achyut bringing assets of INR 3809.44 lakh and turnover of INR 1197.15 lakh, while Zenith has assets of INR 1098.59 lakh and turnover of INR 1093.65 lakh. The scheme is subject to NCLT and shareholder approvals, and while it promises operational synergies, it also introduces execution risk and related-party concerns.

  • · The share exchange ratio will be determined based on a report by Den Valuation (OPC) Private Limited and Vanshika Vijayvargiy, with a fairness opinion from Aftertrade Broking Private Limited.
  • · The scheme is a related-party transaction as promoters of both companies belong to the same group, but it is exempt from Section 188 of the Companies Act, 2013 per MCA circular.
  • · The amalgamation requires approval from NCLT, shareholders, creditors, and a no-objection letter from BSE.
  • · Achyut Healthcare is setting up a manufacturing facility for GMP-certified products, which will be absorbed by Zenith post-merger.
  • · Zenith currently exports to 11 countries.
Kirloskar Oil Engines Limited Market Notice neutral materiality 2/10

14-07-2026

Kirloskar Oil Engines Limited has re-submitted its Annual Report for FY 2025-26 to the stock exchanges, with the only change being a revised cover page image; the text and content remain unchanged. The Annual Report includes the Notice of the Annual General Meeting scheduled for August 7, 2026. The filing is a routine procedural update with no financial or operational changes.

  • · The Annual Report includes the Notice of the Annual General Meeting scheduled for August 7, 2026.
  • · The revised Annual Report is available on the company's website at www.kirloskaroilengines.com.
  • · The company's loan funds decreased by 19.4% YoY to ₹104 Cr in FY26 from ₹129 Cr in FY25.
  • · Earnings per share remained flat at ₹30 for FY26, unchanged from FY25.
  • · The company's net block increased to ₹934 Cr in FY26 from ₹811 Cr in FY25, a 15.2% increase.
  • · The Kirloskar Group has combined shareholders' funds of ₹10,035 Cr and combined market capitalisation of ₹48,730 Cr.
Zenith Health Care Ltd. Merger/Acquisition neutral materiality 8/10

14-07-2026

Zenith Healthcare Limited's board approved a Scheme of Amalgamation to merge Achyut Healthcare Limited into itself, subject to regulatory and shareholder approvals. The all-share deal aims to combine related businesses to enhance product portfolios, manufacturing capacity, and operational efficiencies. However, the transaction is a related-party deal between same-group promoters, and the combined entity's financials show Achyut Healthcare (turnover ₹1197.15 lakh) is larger than Zenith Healthcare (turnover ₹1093.65 lakh), indicating a reverse-size dynamic.

  • · The Share Exchange Ratio will be determined based on a report by Den Valuation (OPC) Private Limited and Vanshika Vijayvargiy, with a fairness opinion from Aftertrade Broking Private Limited.
  • · The scheme requires approval from NCLT, shareholders, creditors, and a no-objection letter from BSE.
  • · No cash consideration is involved; only equity shares of ₹1 each will be issued to Achyut Healthcare shareholders.
  • · The amalgamation is intended to simplify the group structure and reduce the number of entities in the same group.
  • · Achyut Healthcare is setting up a new manufacturing facility for GMP-certified products, which will be accessed by the combined entity.
L&T Technology Services Limited Market Update neutral materiality 1/10

14-07-2026

L&T Technology Services Limited has informed the exchanges that the audio recording of its Q1 FY27 earnings conference call, held on July 14, 2026, is now available on the company's website. This is a routine disclosure under SEBI regulations and does not contain any financial results or performance data.

  • · The conference call was held on July 14, 2026 at 8:00 PM IST.
  • · The audio recording is available at https://www.ltts.com/investors/financial-information.
  • · This filing is in continuation of a letter dated June 26, 2026.
Virat Industries Ltd. Corporate Governance neutral materiality 4/10

14-07-2026

Virat Industries Ltd's Board approved changing the company's name to 'Brahm Virat Industries Corporation Limited', subject to shareholder and regulatory approvals. The Board also approved an addendum to the AGM notice to include this special resolution. No financial figures or period-over-period comparisons were disclosed in this filing.

  • · Board meeting commenced at 09:30 PM and concluded at 09:45 PM on July 14, 2026.
  • · The name change is subject to approval of shareholders in the ensuing general meeting and subsequent amendment of the Memorandum and Articles of Association.
  • · The Central Registration Centre (CRC), Ministry of Corporate Affairs, issued a letter dated July 14, 2026, approving the proposed name change.
  • · The company's CIN is L29199GJ1990PLC014514 and its scrip code is 530521.
GIC Housing Finance Limited Market Notice neutral materiality 2/10

14-07-2026

GIC Housing Finance Ltd. has appointed Shri Asit Kumar Nandi as Chief Compliance Officer, effective from his date of joining, for a 36-month term. Mr. Nandi brings over 39 years of experience, including a long tenure at State Bank of India and most recently as Director – Compliance at Alexis Finance Pvt. Ltd. The appointment is a routine senior management change with no financial impact disclosed.

  • · Appointment term is 36 months.
  • · Mr. Nandi's core expertise includes Regulatory Compliance, Internal Audit, AML/KYC, Economic Research, Retail & SME Banking, NPA Management, and HR & Superannuation Fund Administration.
  • · No relationship disclosed between directors.
ADF Foods Limited Corporate Governance neutral materiality 3/10

14-07-2026

ADF Foods Limited has informed shareholders about the tax deduction at source (TDS) on the final dividend of ₹0.60 per share (30% on face value of ₹2) for FY ended March 31, 2026, pending shareholder approval at the AGM on August 12, 2026. The communication details the applicable TDS rates for resident and non-resident shareholders, including a standard 10% TDS for residents (20% if PAN not linked to Aadhaar) and 20% for non-residents, with potential relief under DTAA. Shareholders must submit required documents by August 5, 2026, to ensure correct TDS deduction; otherwise, higher rates may apply and no revision will be entertained.

  • · Record date for dividend eligibility is Wednesday, August 5, 2026.
  • · AGM scheduled for August 12, 2026, where dividend will be put to shareholder vote.
  • · Dividend payment will be made within 30 days of declaration.
  • · SEBI mandates electronic payment of dividends for physical shareholders; KYC details must be updated.
  • · Non-resident shareholders can claim DTAA benefits by submitting TRC, Form 41, and other declarations by August 5, 2026.
  • · TDS certificates will be emailed after filing of quarterly TDS returns.
  • · Shareholders with multiple accounts under different statuses with same PAN will be subject to the higher applicable tax rate on entire holding.
Borosil Scientific Limited Market Notice neutral materiality 1/10

14-07-2026

Borosil Scientific Limited announced that Mr. Sharad Tiwari, Head - Sales (Domestic and International) – Pharmaceutical Primary Packaging, has ceased to be a Senior Managerial Personnel effective July 14, 2026, due to a change in internal reporting structure. He continues to be associated with the company. No financial impact or material change was disclosed.

SPICE LOUNGE FOOD WORKS LIMITED Market Notice positive materiality 5/10

14-07-2026

Spice Lounge Food Works Ltd. has opened its first Wing Zone outlet in Koramangala, Bengaluru, marking the brand's entry into India under an exclusive Master Franchise agreement. The company plans a phased nationwide expansion across Bengaluru, Hyderabad, Chennai, and other metros. While this expands Spice Lounge's multi-brand QSR portfolio, the filing provides no financial projections, store-level economics, or revenue targets, making it a qualitative strategic update rather than a quantitative growth disclosure.

  • · Spice Lounge holds exclusive Master Franchise rights for Wing Zone in India.
  • · Wing Zone was founded in the USA with 30+ years of heritage and presence across multiple international markets.
  • · The first outlet opened in Koramangala, Bengaluru in May 2026.
  • · Expansion roadmap includes Phase 1 (Koramangala & Anjanapura, Bengaluru), Phase 2 (additional Bengaluru outlets), Phase 3 (Hyderabad, Chennai, other metros).
  • · The company's portfolio also includes Buffalo Wild Wings, Blaze Kebabs, and TekSoft Systems Inc.
Shri Krishna Prasadam Ltd Market Notice neutral materiality 3/10

14-07-2026

Shri Krishna Prasadam Ltd has appointed Mr. Parmod Chand Joshi as Additional Executive Director effective July 14, 2026, for a term of 5 years, subject to shareholder approval at the next general meeting or within 3 months. Mr. Joshi is a legal professional with an LLB from Chaudhary Charan Singh University, Meerut (2017), and is a member of the Bar Council of India. No financial figures or performance metrics were disclosed in this filing.

  • · Mr. Joshi holds an LLB from Chaudhary Charan Singh University, Meerut (2017).
  • · He is an active member of the Bar Council of India.
  • · The appointment is effective from July 14, 2026, and is subject to shareholder approval at the next general meeting or within 3 months, whichever is earlier.
Allcargo Global Ltd Analyst/Investor Meet neutral materiality 1/10

14-07-2026

Allcargo Global Ltd has informed the stock exchanges about scheduled one-on-one investor meetings on July 16, 2026, with Banyan Capital and One Up Capital. The meetings will be held virtually and will use the company's existing July 2026 investor presentation, which is already publicly available. The company has confirmed that no unpublished price-sensitive information (UPSI) will be discussed.

Exato Technologies Ltd Market Notice neutral materiality 3/10

14-07-2026

Exato Technologies Ltd disclosed that its wholly owned subsidiary, Exato.AI Inc., has entered into a non-exclusive partnership agreement with AmplifAI Solutions, Inc., USA, for sales, promotion and marketing of AmplifAI's AI-powered solutions. The agreement has an initial term of two years, does not specify any minimum business commitment or guaranteed revenue, and commissions will be based on business generated. No financial figures or performance metrics were disclosed in this filing.

  • · The partnership is non-exclusive and valid for an initial term of two years from the date of execution.
  • · No minimum business commitment or guaranteed revenue is specified in the agreement.
  • · Neither Exato Technologies Limited nor Exato.AI Inc. holds any shareholding in AmplifAI Solutions, Inc.
  • · AmplifAI Solutions, Inc. is not related to the promoter, promoter group, or group companies of Exato Technologies Limited.
  • · The agreement does not create any potential conflict of interest or confer management or control rights on either party.
Power Grid Corporation of India Limited Market Update neutral materiality 3/10

14-07-2026

Power Grid Corporation of India Limited has successfully commissioned the 'Transmission System for Evacuation of Power from potential RE zone in Khavda Area of Gujarat under Phase IV (7 GW) - Part E4' project, effective June 21, 2026. The date of commercial operation (DOCO) was received on July 13, 2026, and the intimation was filed on July 14, 2026. This is a routine regulatory update with no financial figures or performance comparisons provided.

  • · Project commissioned under Regulation 5(1) of CERC (Terms and Conditions of Tariff) Regulations, 2024 and Regulation 27(1)(c)(i) of CERC (Indian Electricity Grid Code) Regulations, 2023.
  • · DOCO received via email on July 14, 2026, dated July 13, 2026.
Suryoday Small Finance Bank Limited Market Notice neutral materiality 6/10

14-07-2026

Suryoday Small Finance Bank has issued the notice for its 18th Annual General Meeting to be held on August 6, 2026 via video conferencing. Key agenda items include adoption of audited financials for FY2025-26, declaration of a final dividend of ₹1.50 per equity share (15% of face value), and re-appointment of directors. The bank also seeks shareholder approval to raise up to ₹300 Crore in Tier-1 capital and up to ₹200 Crore in Tier-2 capital, alongside amendments to its ESOP scheme.

  • · Record date for dividend eligibility is July 17, 2026.
  • · Cut-off date for e-voting eligibility is July 30, 2026.
  • · Mr. Krishna Prasad Nair's re-appointment as Chairman is for a further 3 years from July 22, 2026 to July 21, 2029, approved by RBI vide letter dated May 12, 2026.
  • · Mr. Ranjit Jayant Shah's re-appointment is only until November 1, 2026 (completion of his 8-year term).
  • · The bank is proposing amendments to the Suryoday ESOP Scheme 2019.
Prime Focus Limited Insolvency positive materiality 9/10

14-07-2026

The Hon'ble NCLAT has closed the Corporate Insolvency Resolution Process (CIRP) of Prime Focus Limited and set aside the impugned order dated May 6, 2026, following a settlement between the parties. The company, described as solvent with 12,000 employees and significant assets, had deposited the disputed amount of Rs.3,53,79,74,505/- (including principal of Rs.200 Crore) with the NCLAT, which will now be disbursed per the Discharge Agreement dated July 1, 2026. The closure was facilitated by the fact that no claims were received by the IRP despite a public announcement.

  • · The NCLAT relied on its earlier judgment in 'Rajeev Goyal' vs. 'Sankalp Siddhi Developers Pvt. Ltd.' to close the CIRP.
  • · The IRP's affidavit confirmed that no claims were received despite a public announcement in Form-A issued on May 8, 2026.
  • · The lien on the fixed deposit of Rs.3,53,79,74,505/- in favor of the Registrar, NCLAT has been withdrawn.
  • · The appeal (Comp. App. (AT) (Ins.) No. 850 of 2026) and pending applications have been disposed of.
Suryoday Small Finance Bank Limited Market Update neutral materiality 6/10

14-07-2026

Suryoday Small Finance Bank has issued the notice for its 18th Annual General Meeting (AGM) to be held on August 6, 2026 via video conferencing. The agenda includes adoption of audited financials for FY2025-26, declaration of a final dividend of ₹1.50 per equity share (15% of face value), re-appointment of directors, and approval of remuneration for key executives. The bank also seeks shareholder approval to raise up to ₹300 Crore in Tier-1 capital and up to ₹200 Crore in Tier-2 capital, alongside amendments to its ESOP scheme.

  • · AGM date: August 6, 2026 at 12:30 PM IST via VC/OAVM
  • · Record date for dividend: July 17, 2026
  • · Cut-off date for e-voting eligibility: July 30, 2026
  • · Mr. Krishna Prasad Nair re-appointed as Chairman for 3 years from July 22, 2026 to July 21, 2029 (RBI approval received May 12, 2026)
  • · Mr. Ranjit Jayant Shah's re-appointment as Director is until November 1, 2026 (completion of 8-year term under BR Act)
Palash Securities Limited Market Holiday neutral materiality 1/10

14-07-2026

Palash Securities Limited has announced the cut-off date and book closure dates for its 12th Annual General Meeting (AGM) scheduled for August 5, 2026. The cut-off date for e-voting eligibility is July 29, 2026, and the Register of Members and Share Transfer Books will remain closed from July 30 to August 5, 2026. The filing contains no financial performance data or period-over-period comparisons.

  • · 12th AGM will be held on Wednesday, August 5, 2026 at 11:00 AM IST via Video Conferencing / Other Audio-Visual Means.
  • · Cut-off date for e-voting eligibility: Wednesday, July 29, 2026.
  • · Book closure period: Thursday, July 30, 2026 to Wednesday, August 5, 2026 (both days inclusive).
Palash Securities Limited Market Update neutral materiality 1/10

14-07-2026

Palash Securities Limited has announced the cut-off date and book closure for its 12th Annual General Meeting scheduled on August 5, 2026. The cut-off date for e-voting eligibility is July 29, 2026, and the register of members will remain closed from July 30 to August 5, 2026. This is a routine procedural disclosure with no financial impact.

Shriram Pistons & Rings Limited Market Notice neutral materiality 2/10

15-07-2026

SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited) has issued a reminder to physical shareholders to update their PAN, KYC, bank account details, and specimen signature as mandated by SEBI Master Circular dated February 6, 2026. Non-updated folios will only receive dividends via electronic mode from April 1, 2024, and will be unable to lodge grievances or avail service requests until updated. The company also notes that transfers of physical securities will not be processed unless dematerialized.

  • · The company's name has changed from Shriram Pistons & Rings Limited to SPR Auto Technologies Limited.
  • · Shareholders must submit Form ISR-1 for KYC, Form ISR-2 for specimen signature, and Form SH-13/ISR-3 for nomination.
  • · Documents can be submitted physically to Alankit Assignments Limited or the company's registered office, or electronically via registered email with digital signatures.
  • · The SEBI circular mandates that transfer of physical securities will not be processed unless dematerialized.
  • · Investors can use the ODR portal (https://smartodr.in/login) for dispute resolution after exhausting company and SCORES platforms.

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