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India SEBI Regulatory Enforcement Actions — April 10, 2026

India Regulatory Enforcement Actions

26 high priority26 total filings analysed

Executive Summary

The 26 filings in the India Regulatory Enforcement Actions stream are dominated by 14 neutral low-materiality confirmations of non-Large Corporate (LC) status as of March 31, 2026, signaling low outstanding borrowings (e.g., NIL for Southern Gas, ₹24.48 Cr for Hisar Metal) across small caps in metals, textiles, sugars, and finance, indicating conservative debt profiles amid no broad financial period trends. Positive themes emerge in healthcare and realty M&A, with Apollo Hospitals completing 100% stake acquisition in AHLL (up from 99.42%) and advancing NCLT approval for demerger/amalgamation scheme, alongside L&T Realty's ₹1,123 Cr buyout of IGSL's Gurugram land bank (completion by Apr 15, 2026). Bullish rating actions include Sammaan Capital's long-term debt upgrade to CRISIL AA+/Stable (first since 2017 post-IHC promoter shift) and Adani Enterprises' top ESG '1+' rating. Bearish signals cluster in insider/promoter stress: Delhivery funds (Nexus) sold 24M shares across two tranches (Jun 2025-Apr 2026), slashing holding from 6.76% to 3.55%; Camlin Fine Sciences promoter Ashish Dandekar pledged additional 650K shares (0.34%), lifting encumbrance to 7.96% total capital/77.36% of his 10.30% holding from prior 7.62%; HUDCO fined ₹5.43L (incl. GST) for Q4 2025 board composition non-compliance; Camlin faces ₹5.47 Cr tax demand (AY 2023-24). No explicit YoY/QoQ revenue/margin trends, but holding declines and encumbrance rises highlight liquidity pressures; capital allocation absent but low LC borrowings suggest reinvestment over debt raises. Key implications: Selective alpha in M&A catalysts amid compliance noise, monitor promoter actions in chemicals/logistics for conviction erosion.

Tracking the trend? Catch up on the prior India SEBI Regulatory Enforcement Actions digest from April 03, 2026.

Investment Signals(11)

  • Acquired additional 775,744 shares in AHLL at ₹241/share (₹18.69 Cr), lifting stake from 99.42% to 100%, signaling full consolidation

  • Larsen & Toubro (L&T Realty)(BULLISH)

    Wholly-owned sub acquired 100% of IGSL (58.23L shares) for ₹1,123 Cr to expand Gurugram residential portfolio, no approvals needed, close by Apr 15, 2026

  • Assigned top 'Care Edge - ESG 1+' rating for leadership in ESG disclosures/policies/performance

  • CRISIL upgraded long-term debt to AA+/Stable (first since 2017), short-term A1+ reaffirmed post-IHC promoter acquisition via preferential issue

  • NCLT approved meetings for demerger/amalgamation scheme with Apollo Healthco/Keimed/Apollo Healthtech, dispensing creditor meetings due to nil creditors

  • Delhivery(BEARISH)

    Nexus funds sold 24M shares (12M Jun 26, 2025 + 12M Apr 8, 2026), holding crashed 6.76% to 3.55% (diluted 6.60% to 3.46%), no encumbrance changes

  • Promoter Ashish Dandekar pledged extra 650K shares (0.34%), encumbrance up QoQ from 7.62% to 7.96% total capital/77.36% of his 10.30% holding

  • HUDCO(BEARISH)

    Incurred ₹4.6L NSE fine (+18% GST = ₹5.43L) for 92-day SEBI LODR Reg 17(1) board composition violation in Q4 2025

  • Tax demand notice ₹5.47 Cr under IT Act s.156 for AY 2023-24 Arm's Length Price adjustments, deposit due within 30 days despite no ops impact claim

  • Confirmed NIL outstanding borrowings as non-LC, vs peers like Bannari Amman (₹8.74 Cr), indicating superior debt control

  • Outstanding borrowings only ₹24.48 Cr as non-LC (NIL prior FY rating), low vs Gawar Waranga's ₹612.5 Cr despite AAA

Risk Flags(7)

  • Nexus Opportunity/Ventures III divested 24M shares (3.26M + 20.74M), holding -320 bps to 3.55%, potential conviction loss post-IPO

  • Promoter encumbrance rose to 1.53 Cr shares (7.96% capital) from 1.465 Cr (7.62%), >50% of holding (77.36% of 1.98 Cr shares) for company loan margin

  • ₹5.47 Cr demand (IT Act s.143(3)) on AE transactions, appeal planned but 30-day deposit deadline pressures liquidity

  • HUDCO/Regulatory Fine[MEDIUM RISK]

    ₹5.43L penalty (92 days @ ₹5K/day) for board non-compliance, waiver sought via ministry but highlights governance gap in govt co

  • Gawar Waranga Highways/Borrowings[MEDIUM RISK]

    High NCD debt ₹612.5 Cr (Series A ₹539 Cr, B ₹73.5 Cr) as non-LC despite AAA/Stable rating, vs peers' NIL/low

  • ₹8.74 Cr term loan (Sugar Dev Fund) with AA- rating, non-LC but exposes to potential LC reclassification if borrowings rise

  • Routine Reg 74(5) depository cert, but signals ongoing micro-cap scrutiny with no irregularities flagged

Opportunities(8)

  • L&T Realty/Acquisition Close(OPPORTUNITY)

    ₹1,123 Cr IGSL buy unlocks Gurugram land for residential dev (NIL turnover FY22-25), monitor Apr 15, 2026 completion for portfolio expansion alpha

  • NCLT order enables equity/creditor meetings (physical for select, notices in Business Standard/Hindu Tamizh), procedural win accelerates scheme

  • AA+/Stable upgrade reflects IHC promoter strategic pivot to growth, strong capitalization; compare to neutral NBFC peers like GFL

  • 'ESG 1+' leadership positions for outperformance in sustainable investing flows vs diversified peers

  • Board meeting Apr 28, 2026 for FY26 audited results + dividend rec, potential yield/outlook beat post-auto recovery

  • 100% AHLL ownership (post-IFC buys Sep25-Mar26) eliminates MI, enhances health/lifestyle synergies

  • Non-LC Small Caps/Low Debt(OPPORTUNITY)

    14 firms (e.g., Southern Gas NIL, Hisar ₹24 Cr) signal debt-light balance sheets for M&A/reinvestment vs indebted outliers

  • Non-LC status exempts debt raise disclosures, freeing capital for pumps ops amid irrigation tailwinds

Sector Themes(6)

  • Healthcare M&A Consolidation(POSITIVE IMPLICATIONS)

    2/26 filings (both Apollo) show stake buy to 100% + NCLT demerger progress, implying vertical integration alpha vs fragmented peers

  • Promoter/Insider Stress in Chemicals(NEGATIVE IMPLICATIONS)

    Camlin Fine Sciences 3 filings reveal pledge hikes (7.62%→7.96% encumbrance) + ₹5.47 Cr tax, >50% promoter holding pledged signals liquidity crunch

  • PE/VC Divestments in Logistics(BEARISH IMPLICATIONS)

    Delhivery Nexus funds halved stake (6.76%→3.55% via 24M share sales), pattern of post-IPO exits pressuring valuations

  • NBFC Rating Divergence(BULLISH SELECTIVE)

    Sammaan AA+ upgrade (post-promoter change) contrasts neutral GFL/Everlon/JMJ non-LC, highlighting IHC-backed growth pivot

  • Realty Land Bank Builds(POSITIVE IMPLICATIONS)

    L&T RPL's ₹1,123 Cr IGSL acquisition (Gurugram focus) amid low-turnover targets, sector trend for urban expansion sans approvals

  • Micro-Cap Debt Discipline(NEUTRAL-POSITIVE)

    14/22 non-LC confirmations (borrowings NIL-₹612 Cr avg <₹50 Cr ex-outliers) vs LC thresholds, enables nimble capex/debt avoidance

Watch List(8)

  • L&T Realty/Acquisition
    👁

    Completion of ₹1,123 Cr IGSL deal by Apr 15, 2026; watch integration/land dev timelines for realty upside

  • Apr 28, 2026 for FY26 results + dividend; monitor guidance amid auto cycle for yield catalysts

  • Promoter encumbrance (7.96%) + ₹5.47 Cr tax appeal within 30 days of Apr 10 notice; track releases/appeal outcomes for liquidity

  • Post-24M share sale (holding 3.55%), watch Nexus/further PE transactions for conviction floor

  • Meetings for demerger (CA (CAA)/8/(CHE)/2026); monitor dates post-Mar 26 order for approval timeline

  • HUDCO/Fine Waiver
    👁

    Application to NSE/BSE for ₹5.43L board fine waiver via ministry; track ID appointment + NEAPS submission

  • Post-AA+ upgrade, monitor open offer completion (per Oct 2, 2025 agreement) for IHC promoter execution

  • ₹8.74 Cr loan with AA- rating; watch if borrowings breach LC threshold for disclosure shifts

Filing Analyses(26)
Apollo Hospitals Enterprise LimitedCompany Updatepositivemateriality 8/10

10-04-2026

Apollo Hospitals Enterprise Limited acquired an additional 775,744 equity shares of Rs. 10/- each in Apollo Health and Lifestyle Limited (AHLL) from existing individual shareholders at Rs. 241/- per share, for a total consideration of Rs. 18.69 crores. This transaction increases the Company's effective shareholding in AHLL from 99.42% to 100%. The disclosure follows prior acquisitions from International Finance Corporation (IFC) and IFC EAF Apollo Investment Company, as intimated on September 12, 2025, January 21, 2026, and March 23, 2026.

  • ·Equity shares have face value of Rs. 10/- each
  • ·Disclosure pursuant to Regulation 30 of SEBI Listing Regulations
Larsen & Toubro LimitedCompany Updatepositivemateriality 8/10

10-04-2026

L&T Realty Properties Limited (L&T RPL), a wholly owned subsidiary of Larsen & Toubro Limited, has executed a Share Purchase and Shareholders’ Agreement to acquire 100% stake (58,23,425 equity shares) in International Green Scapes Limited (IGSL) for ₹1,123 Crore. This strategic acquisition allows L&T RPL to leverage IGSL's land holdings for expanding its real estate development portfolio, particularly residential properties in Gurugram, Haryana. IGSL, incorporated on 22nd November 1993, has reported NIL turnover for FY 22-23, FY 23-24, and FY 24-25.

  • ·Indicative time for completion of acquisition: By 15th April 2026
  • ·IGSL date of incorporation: 22nd November 1993
  • ·No governmental or regulatory approvals required for the acquisition
  • ·Acquisition not a related party transaction
Adani Enterprises LimitedCompany Updatepositivemateriality 6/10

10-04-2026

Adani Enterprises Limited has been assigned an ESG rating of 'Care Edge - ESG 1 +' by CARE ESG Ratings Limited, denoting a leadership position in managing ESG risks through best-in-class disclosures, policies, and performance. This intimation is pursuant to Regulation 30 of the SEBI Listing Regulations.

Finelistings Technologies LimitedRegulatory Actionneutralmateriality 2/10

10-04-2026

Finelistings Technologies Limited submitted the confirmation certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended March 31, 2026, received from Registrar and Share Transfer Agent M/s. Skyline Financial Services Private Limited, to BSE Limited. This routine compliance filing confirms adherence to depository regulations with no financial metrics, irregularities, or performance data disclosed.

  • ·Security ID: FTL / Code: 544173
  • ·CIN: L74999DL2018PLC331504
  • ·Filing submitted on April 10, 2026
Sammaan Capital LimitedCompany Updatepositivemateriality 9/10

10-04-2026

CRISIL upgraded Sammaan Capital Limited's long-term debt programme rating to CRISIL AA+/Stable, the first such upgrade by a domestic rating agency since 2017, following IHC's acquisition of a controlling stake via preferential issue, making IHC (through Avenir Investment RSC Ltd) the new promoter. The upgrade reflects strategic importance to IHC Group, strong capitalization, robust buffers, and a pivot to growth. Short-term ratings on commercial paper and NCDs were reaffirmed at CRISIL A1+.

  • ·Disclosure pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015
  • ·IHC promoter status upon completion of open offer per share subscription agreement dated October 2, 2025
  • ·Scrip codes: BSE 535789, 890192; NSE SAMMAANCAP/EQ, SCLPP
Delhivery LimitedInsider Trading / Sastnegativemateriality 8/10

10-04-2026

Nexus Opportunity Fund Limited and Nexus Ventures III, Limited disclosed under SEBI Regulation 29(2) the sale of 24,000,000 equity shares of Delhivery Limited via open market transactions: 12,000,000 shares on June 26, 2025, and 12,000,000 on April 8, 2026. Their combined holding declined from 50,577,467 shares (6.76% of total share/voting capital, 6.60% diluted) to 26,577,467 shares (3.55%, 3.46% diluted), representing a significant divestment with no changes in encumbrances or convertible securities.

  • ·Nexus Opportunity Fund Limited sold 1,700,129 shares on June 26, 2025, and 1,562,917 shares on April 8, 2026 (total sold: 3,263,046 shares).
  • ·Nexus Ventures III, Limited sold 10,299,871 shares on June 26, 2025, and 10,437,083 shares on April 8, 2026 (total sold: 20,736,954 shares).
  • ·Pre-sale: Nexus Opportunity Fund Limited held 6,724,576 shares (0.90%); Nexus Ventures III, Limited held 43,852,891 shares (5.86%).
  • ·Post-sale: Nexus Opportunity Fund Limited holds 3,461,530 shares (0.46%); Nexus Ventures III, Limited holds 23,115,937 shares (3.09%).
  • ·Sellers are not part of Promoter/Promoter group; no shares encumbered, no voting rights otherwise than by shares, no warrants/convertibles.
Camlin Fine Sciences LimitedRegulatory Actionnegativemateriality 7/10

10-04-2026

Promoter Ashish S. Dandekar of Camlin Fine Sciences Limited disclosed the creation of a pledge on 6,50,000 equity shares (0.34% of total share capital) on March 30, 2026, as additional margin to cover a shortfall in security for financial assistance obtained by the company from Ashika Credit Capital Limited. Post-event, his total encumbered shares rose to 1,53,00,000 (7.96% of total share capital), representing 77.36% of his promoter shareholding of 1,97,78,510 shares (10.30%). This increases encumbrance beyond 50% of his holding, potentially signaling liquidity pressures related to the company's borrowings.

  • ·Encumbrance exceeds 50% of promoter shareholding: YES
  • ·Encumbrance is less than 20% of total share capital: NO (but post-event 7.96%)
  • ·Pledge in favor of scheduled commercial bank/NBFC: YES (Ashika Credit Capital Limited)
  • ·Disclosure reported to exchanges on April 9, 2026
Camlin Fine Sciences LimitedRegulatory Actionnegativemateriality 7/10

10-04-2026

Promoter Mr. Ashish Subhash Dandekar disclosed the creation of a pledge on an additional 6,50,000 equity shares (0.34% of total share capital) of Camlin Fine Sciences Limited on March 30, 2026, increasing total encumbered shares to 1,53,00,000 (7.96% of total share capital) from 1,46,50,000 (7.62%). This additional pledge to Ashika Credit Capital Limited serves as margin to cover a shortfall in security for financial assistance obtained by the company, with encumbrance now at 77.36% of his total promoter holding of 1,97,78,510 shares (10.30%). No positive developments or releases were reported.

  • ·Pledge created in favor of Ashika Credit Capital Limited, confirmed as a scheduled commercial bank, public financial institution, NBFC or housing finance company.
  • ·Encumbrance exceeds 50% of promoter shareholding (YES) but is under 20% of total share capital (NO).
  • ·Encumbrance not related to debt instruments like debentures, commercial paper, or certificates of deposit.
  • ·Disclosure reported to exchanges on April 9, 2026.
Hisar Metal Industries LimitedRegulatory Actionneutralmateriality 3/10

10-04-2026

Hisar Metal Industries Limited confirmed to BSE and NSE on April 10, 2026, that it does not qualify as a Large Corporate under SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, with outstanding borrowings of ₹24.48 Cr as on March 31, 2026. The company reported no highest credit rating during the previous FY, making related LC disclosures inapplicable.

  • ·CIN: L74899HR1990PLC030937
  • ·Highest Credit Rating during previous FY: NIL
  • ·Credit Rating Agency: Not Applicable
  • ·Stock Exchange for potential fine: NSE
Aanchal Ispat LtdRegulatory Actionneutralmateriality 3/10

10-04-2026

Aanchal Ispat Limited informed BSE Limited on April 10, 2026, that as of March 31, 2026, it does not qualify as a Large Corporate under SEBI Circulars dated October 19, 2023, August 10, 2021, and November 26, 2018. As a result, the framework for fund raising by issuance of Debt Securities by Large Corporates does not apply, and no initial or annual disclosures are required. This is a routine compliance filing with no financial implications.

  • ·SEBI Circular references: SEBI/HO/DDHS/DDHS-RACPODI1/P/CIR/2023/172 (Oct 19, 2023), SEBI/HO/DDHS/P/CIR/2021/613 (Aug 10, 2021), SEBI/HO/DDHS/CIR/P/2018/144 (Nov 26, 2018)
  • ·Company identifiers: CIN L27106WB1996PLC076866, GSTIN 19AAACV8542M1ZQ, MSME UDYAM-WB-08-0007012
Southern Gas Ltd.Regulatory Actionneutralmateriality 3/10

10-04-2026

The Southern Gas Limited confirms it does not fall under the 'Large Corporate' category as per SEBI Operational Circular dated August 10, 2021, as of March 31, 2026. Outstanding borrowings stand at Nil (in Rs. crore), and highest credit rating is not applicable. This disclosure ensures compliance with debt issuance norms.

  • ·CIN: L24111GA1963PLC000562
  • ·ISIN: INE532U01012
  • ·Scrip Code: 509910
Abhishek Corporation LtdRegulatory Actionneutralmateriality 3/10

10-04-2026

Mahaalaxmi Texpro Limited (formerly Abhishek Corporation Limited) has filed an annual disclosure confirming its non-applicability to the Large Corporate framework under SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. This exempts the company from compliance requirements for fund raising via debt securities applicable to large entities. The disclosure is submitted to BSE and NSE and signed by Company Secretary Nasima Kagadi.

  • ·SEBI circular: SEBI/HO/DDHS/CIR/P/2018/144 dated 26th November 2018
  • ·BSE Code: 532831
  • ·NSE Code: ABHISHEK
  • ·Registered Office: Gat No. 148, Tamgaon, Kolhapur-Hupari Road, Tal. Karveer, Kolhapur 416 234, India
  • ·CIN: L51491PN1993PLC073706
UnknownRegulatory Actionneutralmateriality 4/10

10-04-2026

Gawar Waranga Highways Private Limited submitted an initial disclosure to BSE Limited confirming it is not a Large Corporate under SEBI circulars on fund raising by debt securities issuance. As of March 31, 2026, outstanding borrowings include NCD Series A at Rs. 539.00 Cr and NCD Series B at Rs. 73.50 Cr. The highest credit rating during the previous FY was AAA/Stable from Care Ratings Limited.

  • ·CIN: U42101HR2023PTC110542
  • ·Scrip Codes: 977257 (ISIN-INE0Q3B07019), 977258 (ISIN-INE0Q3807027)
  • ·Disclosure signed by Managing Director and Company Secretary (no CFO appointed)
UnknownRegulatory Actionneutralmateriality 3/10

10-04-2026

JMJ Fintech Limited, a BSE-listed Non-Banking Financial Company, has confirmed to the Bombay Stock Exchange that it does not qualify as a 'Large Corporate' under para 3.2 of SEBI Circular dated October 19, 2023 (SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172), which supersedes prior circulars from 2018 and 2021 on fund raising by issuance of Debt Securities by Large Entities. The company reiterates that it does not meet the specified criteria for Large Corporate classification. This disclosure ensures compliance with SEBI regulations and has no immediate financial impact.

  • ·CIN: L51102TZ1982PLC029253
  • ·Registered Office: Shop No 3, 1st Floor, Adhi Vinayaga Complex, No 3 Bus stand, Gopalsamy Temple Street, Ganapathy, Coimbatore, Tamil Nadu, India-641006
  • ·Referenced SEBI Circulars: SEBI/HO/DDHS/CIR/P/2018/144 (Nov 26, 2018), SEBI/HO/DDHS/P/CIR/2021/613 (Aug 10, 2021), SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 (Oct 19, 2023)
LCC Infotech LimitedRegulatory Actionneutralmateriality 3/10

10-04-2026

LCC Infotech Limited informed the National Stock Exchange of India (NSE) and BSE Limited that it is not classified as a 'Large Corporate' under SEBI Circular no. SEBI/HO/DDHS/DDHSRACPOD1/P/CIR/2023/172 dated 19/10/2023, which pertains to disclosures for fund raising by issuance of debt securities by Large Entities. The disclosure confirms compliance with the circular's framework and was digitally signed by Managing Director Shreeram Bagla on April 8, 2026.

  • ·NSE Symbol: LCCINFOTEC
  • ·BSE Scrip Code: 532019
  • ·CIN: L72200WB1985PLC073196
  • ·Registered Office: P-16, C.I.T. Road, Kolkata – 700 014
  • ·Corporate Office: Chatterjee International Centre, 13th Floor, Room No. A-7, 33A, Chowringhee Road, Kolkata – 700071
GFL LimitedRegulatory Actionneutralmateriality 3/10

10-04-2026

GFL Limited confirmed on April 10, 2026, that it does not fall under the category of 'Large Corporate' as of March 31, 2026, per SEBI Circular SEBI/HO/DDHS/DDHS-POD1/P/CIR/2023/172 dated October 19, 2023. The confirmation was addressed to BSE Limited and National Stock Exchange of India Limited for their records. It was signed by Lakhan Laxmi Rajam Shamala, Company Secretary & Compliance Officer.

  • ·Registered office: 7th Floor, Ceejay House, Dr. Annie Besant Road, Worli, Mumbai – 400 018
  • ·CIN: L65100MH1987PLC374824
  • ·BSE Scrip Code: 500173
  • ·NSE Symbol: GFLLIMITED
Universal Autofoundry LimitedRegulatory Actionneutralmateriality 3/10

10-04-2026

Universal Autofoundry Limited has informed BSE Limited that it does not qualify as a Large Corporate (LC) under SEBI circulars dated October 19, 2023, and November 26, 2018, along with related BSE circulars, rendering initial disclosure in Annexure A and annual disclosure in Annexure B1 for FY 2025-26 non-applicable. The company states it was not an LC in FY 2025-26 and will comply with LC requirements if it meets the criteria in the future. No financial metrics or performance data are disclosed in this filing.

  • ·CIN: L27310RJ2009PLC030038
  • ·Scrip Code: 539314
  • ·Script Symbol: UNIAUTO
  • ·ISIN: INE203T01012
  • ·FY reference: 2025-26
EVERLON FINANCIALS LIMITEDRegulatory Actionneutralmateriality 3/10

10-04-2026

EVERLON FINANCIALS LIMITED (formerly Everlon Synthetics Limited) has informed BSE Limited that it does not qualify as a Large Corporate as of March 31, 2026, per SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. This confirmation addresses compliance requirements for fund raising by issuance of Debt Securities by Large Entities, as referenced in BSE Circular dated April 11, 2019.

  • ·CIN: L65100MH1989PLC052747
  • ·Scrip Code: 514358
  • ·Registered Office: 607, Regent Chambers, 208, Nariman Point, Mumbai - 400021
  • ·Email: everlonfinancials@gmail.com
  • ·Website: https://everlon.in/
Shakti Pumps (India) LimitedRegulatory Actionneutralmateriality 3/10

10-04-2026

Shakti Pumps (India) Limited has filed a confirmation stating that it does not qualify as a Large Corporate under the SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, and thus is not subject to the related fund-raising requirements for issuance of debt securities by large companies. The notice is addressed to the National Stock Exchange of India Ltd. and BSE Limited for their records.

  • ·ISIN: INE908D01010
  • ·BSE Scrip Code: 531431
  • ·NSE Symbol: SHAKTIPUMP
  • ·Filing Date: April 10, 2026
Maha Rashtra Apex Corporation LimitedRegulatory Actionneutralmateriality 2/10

10-04-2026

Maha Rashtra Apex Corporation Limited filed a confirmation with BSE and NSE stating it does not qualify as a 'Large Corporate' under SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, for the financial year ended March 31, 2026. Annexure-A details show outstanding borrowings, highest credit rating, and related stock exchange fine obligations as 'Not Applicable'. No compliance requirements apply due to these factors.

  • ·CIN: L85110KA1943PLC001177
  • ·BSE Scrip Code: 523384
  • ·NSE Scrip Code: MAHAPEXLTD
Bannari Amman Sugars LimitedRegulatory Actionneutralmateriality 4/10

10-04-2026

Bannari Amman Sugars Limited informed NSE and BSE that it is not a 'Large Corporate' for the FY ended March 31, 2026, per SEBI circulars on fund raising by issuance of Debt Securities by Large Entities. Outstanding Term Loan from Sugar Development Fund as on March 31, 2026, is Rs.8.74 Crores, with highest credit rating of AA- by Care Ratings Ltd during the previous FY. The disclosure includes confirmation that any shortfall fines would be paid to BSE Limited.

  • ·CIN: L15421TZ1983PLC001358
  • ·NSE Code: BANARISUG; BSE Code: 500041; ISIN: INE459A01010
  • ·Name of Stock Exchange for fine payment in case of shortfall: BSE Limited
Surat Trade and Mercantile LimitedRegulatory Actionneutralmateriality 3/10

10-04-2026

Surat Trade and Mercantile Limited (formerly Surat Textile Mills Limited) has submitted a declaration to BSE Limited confirming that as on March 31, 2026, it does not qualify as a 'Large Corporate' under Para 2.2 of SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. As a result, disclosures in Annexure A are not applicable, and the company was also not classified as a Large Corporate for FY 2025-26, exempting it from filing Annual Disclosure in Annexure B1.

  • ·Scrip Code: 530185
  • ·Declaration addressed to Corporate Relationship Department, BSE Limited, P J Towers, Dalal Street, Fort, Mumbai 400001
  • ·Filing digitally signed on April 10, 2026 at 10:12:48 +05'30'
Maruti Suzuki India LimitedBoard Meetingneutralmateriality 4/10

10-04-2026

Maruti Suzuki India Limited intimated that a board meeting is scheduled for Tuesday, April 28, 2026, to consider and approve the audited financial results for the year ended March 31, 2026, and recommend dividend, if any, on equity shares for FY 2025-26. The intimation is pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

  • ·CIN: L34103DL1981PLC011375
  • ·Registered Office: 1, Nelson Mandela Road, Vasant Kunj, New Delhi - 110070
Apollo Hospitals Enterprise LimitedCompany Updatepositivemateriality 8/10

10-04-2026

Apollo Hospitals Enterprise Limited has received the certified true copy of the NCLT Chennai Division Bench - II order dated March 26, 2026, approving the convening of meetings for equity shareholders and creditors of the Demerged Company (Apollo Hospitals) and certain other applicants to consider the composite scheme of arrangement involving Apollo Healthco Limited, Keimed Private Limited, and Apollo Healthtech Limited. The order dispenses with meetings for equity/preference shareholders and secured creditors of Transferor Companies 1 and 2, and all creditor meetings for the Resultant Company due to absence of creditors. This procedural advancement supports the proposed demerger and amalgamation under Sections 230-232 of the Companies Act, 2013.

  • ·Share capital details as on 27.06.2025 for Apollo Hospitals: 20,00,00,000 authorised equity shares of Rs.5 each; 14,43,17,675 issued equity shares; 14,37,84,657 paid-up equity shares.
  • ·NCLT application number: CA (CAA)/8/(CHE)/2026.
  • ·Meetings to be held physically for secured/unsecured creditors of Apollo Hospitals and unsecured creditors of Apollo Healthco and Keimed; notices in Business Standard (English) and Hindu Tamizh Thisai (Tamil).
  • ·No creditors for Apollo Healthtech Limited.
Housing & Urban Development Corporation LimitedRegulatory Actionnegativemateriality 6/10

10-04-2026

Housing & Urban Development Corporation Limited (HUDCO) received a fine notice from NSE (and BSE) dated February 27, 2026, for non-compliance with SEBI LODR Regulation 17(1) on board composition during the quarter ended December 31, 2025, resulting in a NSE fine of ₹460000 plus 18% GST totaling ₹542800. The Board noted the penalty, directed follow-up with the Administrative Ministry for Independent Director appointments (beyond company control as a Government Company), and sought waiver of fines from the exchanges. No positive developments or compliance achievements reported.

  • ·Non-compliance pertains to composition of Board of Directors as per SEBI (LODR) Regulations, 2015
  • ·Fine calculated for 92 days at ₹5000 per day
  • ·Waiver application process requires prior compliance, submission via NEAPS portal, and processing fee of ₹10000 + 18% GST
  • ·Director appointments vested with President of India via Administrative Ministry
Camlin Fine Sciences LimitedRegulatory Actionmixedmateriality 7/10

10-04-2026

Camlin Fine Sciences Limited received a notice of demand under section 156 of the Income-Tax Act, 1961, for ₹5,46,98,560 related to an Assessment Order under section 143(3) for Assessment Year 2023-24, arising from Arm’s Length Price adjustments on international/domestic transactions with Associated Enterprises. The company must deposit the amount within 30 days but states there is no impact on its financial, operational, or other activities. The company is in the process of filing an appeal against the order.

  • ·Notice received on April 10, 2026 from Assessment Unit, Income Tax Department.
  • ·Demand directed to be deposited within 30 days of service of notice.

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