India SEBI Compliance Enforcement Orders — May 29, 2026

29-05-2026

TCS has issued a clarification denying a Moneycontrol.com article claiming it lost part of the Royal Bank of Canada (RBC) technology mandate and that 150 members would be 'rebadged'. The company states the article is completely false and inaccurate, based on unverified and speculative sources, and reaffirms its longstanding partnership with RBC.

• · The article claimed TCS lost part of the RBC Canada technology mandate and that 150 members would be 'rebadged'.
• · TCS explicitly informed the publication before the story was published that the claims are false.
• · TCS states the story was published relying solely on unnamed sources.
• · TCS reaffirms a 'very longstanding partnership' with Royal Bank of Canada.

29-05-2026

Infosys released its Integrated Annual Report for FY 2025-26, highlighting an AI-first strategy with over 4,600 AI projects underway and collaboration with 90% of its top 200 clients on AI journeys. The report showcases client success stories with Liberty Global (50% fewer outages YoY), Hertz (60% faster modernization), Mondelēz (enterprise-wide traceability), and Microsoft (40% faster root cause analysis). However, the filing does not disclose Infosys's own financial performance metrics for the period, limiting quantitative assessment of the company's results.

• · AGM scheduled for June 23, 2026 at 4:00 PM IST via video conference.
• · Record date for final dividend: June 10, 2026; dividend payment date: June 25, 2026.
• · E-voting period: June 18, 2026 (9:00 AM IST) to June 22, 2026 (5:00 PM IST).
• · Cut-off date for e-voting: June 16, 2026.
• · Infosys has developed over 30 new service offerings across six AI value pools.
• · Liberty Global partnership spans over two decades, including over a decade as a formal strategic partnership.
• · Hertz modernization involved analyzing nearly 3 million lines of legacy COBOL code.
• · Mondelēz traceability platform connects more than 50 suppliers, captures over 0.5 million events per day, integrates more than 220 plants and distribution centers, and maps more than 150 raw-to-finished-goods processes.
• · Microsoft critical incident response times improved by 33% (from 15 minutes to under 10 minutes).
• · Root cause analysis turnaround for Microsoft reduced from 5 days to 1 day (40% faster).

29-05-2026

TVS Motor Company Limited submitted its Annual Secretarial Compliance Report for the financial year ended 31st March 2026, confirming compliance with all applicable SEBI regulations, including LODR, PIT, ICDR, and others. The report, issued by Secretarial Auditor Mr. K Sriram of Sriram Krishnamurthy & Co., noted no observations or non-compliances, and no actions were taken by SEBI or stock exchanges during the period. The company has two material subsidiaries and has adopted and updated all required policies, with no negative or flat performance metrics reported.

• · The Secretarial Compliance Report covers the financial year ended 31st March 2026 and is issued pursuant to Regulation 24A(2) of SEBI LODR Regulations.
• · No observations were made in the previous report for FY ended 31st March 2025, so no actions taken report is required.
• · The company has complied with all applicable Secretarial Standards (SS) issued by ICSI.
• · All policies under SEBI Regulations have been adopted with Board approval and are periodically updated.
• · None of the directors are disqualified under Section 164 of the Companies Act, 2013.
• · The company has two material subsidiaries and has complied with disclosure requirements for material and other subsidiaries.
• · Performance evaluation of the Board, Independent Directors, and Committees was conducted once during the financial year.
• · Prior approval of the Audit Committee was obtained for all related party transactions, with omnibus approval for unforeseen transactions up to ₹1 Crore per transaction.
• · All required disclosures under Regulation 30 of LODR were made within prescribed time limits.
• · The company is in compliance with Regulations 3(5) and 3(6) of SEBI (Prohibition of Insider Trading) Regulations, 2015.
• · No actions were taken by SEBI or stock exchanges against the company, its promoters, directors, or subsidiaries during the review period.
• · There was no resignation of Statutory Auditors from the listed entity or its material subsidiaries during the financial year.
• · The terms of appointment of Statutory Auditors comply with SEBI Master Circular provisions.
• · The company has complied with disclosure requirements for its Employee Stock Option Plan (ESOP 2024) approved in March 2024.

29-05-2026

Adani Enterprises Limited filed its Annual Secretarial Compliance Certificate for the year ended March 31, 2026, confirming overall compliance with SEBI regulations. However, the report disclosed a non-compliance incident from FY2023-24 where the company was fined ₹5,000 each by BSE and NSE for the delayed submission of a Board Meeting intimation under Regulation 50(1)(d) of SEBI LODR Regulations, which the company attributed to an inadvertent delay.

• · The compliance certificate was issued by CS Ashwin Shah (CP No. 1640) with UDIN: F001640H000486025.
• · The company confirmed compliance with all applicable SEBI regulations including LODR, ICDR, Takeover, PIT, and Depositories Regulations.
• · No actions were taken by SEBI or Stock Exchanges against the company, its promoters, directors, or subsidiaries during the review period.
• · The company has maintained a functional website with timely dissemination of documents and accurate web-links in corporate governance reports.
• · None of the company's directors are disqualified under Section 164 of the Companies Act, 2013.
• · The company has conducted performance evaluation of the Board, Independent Directors, and Committees at the start of every financial year.
• · Prior approval of the Audit Committee was obtained for all related party transactions; no transactions occurred without prior approval during the review period.
• · The company is in compliance with Prohibition of Insider Trading regulations (Regulation 3(5) & 3(6)).
• · The previous year's report had no observations, so no follow-up actions were required.
• · The fine for delayed Board Meeting intimation was imposed during FY2023-24, not the current review period (FY2025-26).