Across March–May 2026 — the three most recent complete months in our corpus — Gunpowder analyzed 32,420 NSE and BSE filings from 3,654 companies. Merger/Acquisition filings led at 10,320, ahead of Corporate Governance (8,676) and Debt Securities (2,732).
32,420
filings analyzed
3,654
companies covered
6/10
median materiality
31%
high materiality (8+)
The figures here describe the NSE/BSE and SEBI filings Gunpowder analyzed over the period, scored for sentiment and materiality by our pipeline at analysis time. They are a market-focused sample of exchange disclosures, not a census of every filing.
Filing volume by month
Filings analyzed per month across the period, by filing date.
| Mar 2026 | 13,407 | |
|---|---|---|
| Apr 2026 | 9,212 | |
| May 2026 | 9,801 |
Most common filing categories
The twelve categories Gunpowder analyzed most across March–May 2026. Linked categories have a plain-English explainer.
| Merger/Acquisition | 10,320 | |
|---|---|---|
| Corporate Governance | 8,676 | |
| Debt Securities | 2,732 | |
| Company Update | 2,649 | |
| Regulatory Action | 1,439 | |
| Corporate Action | 1,158 | |
| Analyst/Investor Meet | 1,156 | |
| Insolvency | 1,026 | |
| IPO Listing | 966 | |
| Board Meeting | 405 | |
| Insider Trading Disclosure | 194 | |
| Corp. Action | 191 |
Sentiment of the period
Of the 32,189 filings our pipeline scored for sentiment, 27% read positive and 6% negative, with the remainder neutral or mixed.
| Positive | 8,739 (27%) | |
|---|---|---|
| Neutral | 18,076 (56%) | |
| Mixed | 3,589 (11%) | |
| Negative | 1,785 (6%) |
The IPO, M&A, and insolvency pipelines
The new-issue pipeline showed 971 IPO and listing filings over the period, while 10,378 M&A filings — mergers, schemes of arrangement, open offers, and takeovers — tracked deal activity, and 1,026 insolvency filings moved through the NCLT. The full by-category breakdown lives on our stats pages.
Most active companies
Companies with the most analyzed filings across March–May 2026.
| Company | Exchange | Filings |
|---|---|---|
| NSE | NSE | 974 |
| BSE | BSE | 863 |
| Mahindra & Mahindra Limited | NSE | 272 |
| ICICI Bank Limited | NSE | 270 |
| Adani Enterprises Limited | NSE | 240 |
| Wipro Limited | NSE | 195 |
| Yes Bank Limited | NSE | 190 |
| Apollo Hospitals Enterprise Limited | NSE | 178 |
| Larsen & Toubro Limited | NSE | 173 |
| TVS Motor Company Limited | NSE | 171 |
| Infosys Limited | NSE | 170 |
| Bharti Airtel Limited | NSE | 168 |
The period’s most material filings
Highest-scoring filings of March–May 2026 — each links to the digest that analyzed it.
- Ushdev International Ltd · Insolvency · 10/10 ·
- Kilitch Drugs (India) Limited · Corporate Governance · 10/10 ·
- ITC Hotels Limited · Corporate Governance · 10/10 ·
- Cipla Limited · Analyst/Investor Meet · 10/10 ·
- Power Grid Corporation of India Limited · Corporate Governance · 10/10 ·
- Imagicaaworld Entertainment Limited · Corporate Governance · 10/10 ·
- Astron Paper & Board Mill Limited · Insolvency · 10/10 ·
- Apollo Tyres Limited · Corporate Governance · 10/10 ·
This report is a look back. Gunpowder analyzes these filings the day they’re published — sentiment, materiality, and what changed — and alerts you in real time across email, Slack, Telegram, and Discord.
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