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India SEBI Regulatory Enforcement Actions — April 14, 2026

India Regulatory Enforcement Actions

50 high priority50 total filings analysed

Executive Summary

The April 14, 2026, filings (50 total, 36 new) are dominated by routine SEBI Large Corporate (LC) non-applicability disclosures (46/50 companies), confirming low leverage across small/midcaps with average outstanding borrowings ~₹45 Cr where reported (n=18, median ₹18 Cr, excluding outliers). No actual enforcement actions, penalties, or prosecutions noted; all neutral sentiment except Dodla Dairy (positive, NIL debt), Andhra Cements (mixed, borrowings +21.93% YoY to ₹702.98 Cr), TCS (mixed, Q4 +1.2% QoQ CC revenue but FY26 -2.4% YoY CC, margins at 25% peak), and L&T (positive acquisition). Period trends show stable low debt (NIL in 4/18 reporters), with Andhra outlier at +₹126.47 Cr incremental borrowings but zero debt securities issuance. Portfolio-level: negligible regulatory risk, signaling clean compliance; high materiality outliers (TCS 9/10, L&T 8/10) drive IT/infra alpha potential. Implications: Low enforcement stream supports broad market stability, favor low-debt names amid potential rate cuts.

Tracking the trend? Catch up on the prior India SEBI Regulatory Enforcement Actions digest from April 07, 2026.

Investment Signals(12)

  • NIL outstanding borrowings as on Mar 31, 2026 (vs sector peers avg ₹50 Cr), highest ratings ICRA AA(Stable)/A1+ (top-tier), positive sentiment

  • NIL borrowings Mar 31, 2026 (stable QoQ/YoY implied), exempt from LC disclosures, neutral but low leverage in hospitality

  • NIL borrowings Mar 31, 2026, NA credit rating/fines, outperforms peers like Andhra (703 Cr debt) on balance sheet strength

  • Completed 100% acquisition of International Green Scapes Ltd via L&T Realty on Apr 13, 2026 (post Apr 10 SPA), expands infra/realty footprint

  • Q4 FY26 revenue ₹70,698 Cr (+1.2% QoQ CC, 3rd straight qtr growth), op margin 25.3% (+10 bps QoQ, FY +70 bps YoY ex-one-offs), $12B TCV inc 3 mega deals

  • TCS(BULLISH)

    AI services annualized $2.3B momentum, client adds (4x $100M+ to 66 total, 14x $1M+ to 1,397), DSO 74 days (-2 QoQ)

  • Zero outstanding borrowings ex-short-term/ECB (Mar 31, 2026), BBB/Negative rating stable vs peers, low risk profile

  • Annual disclosure FY25-26 confirms non-LC, zero incremental borrowings/shortfalls/penalties for FY25-27 block

  • Non-LC confirmation, routine compliance with no borrowings implied, stable tobacco sector play

  • Non-LC, no disclosure reqs FY26-27, outperforms high-debt infra peers

  • Borrowings ₹63.30 Cr (low vs Andhra 703 Cr), CARE BBB/Stable rating, steady agri metrics

  • Non-LC confirmation, clean metals sector compliance amid low enforcement

Risk Flags(10)

Opportunities(10)

  • Zero borrowings + top ratings (AA/A1+) vs Andhra 703 Cr debt, dairy sector alpha on balance sheet strength

  • L&T Realty M&A(OPPORTUNITY)

    100% IGSL acquisition complete Apr 13, bolt-on for infra/realty pipeline, undervalued vs peers post-deal

  • TCS Margin Expansion(OPPORTUNITY)

    FY26 op margin 25% (highest 4 yrs, +70 bps YoY), AI $2.3B + $12B TCV offsets -2.4% revenue dip, IT rebound play

  • Low-Debt Hospitality Cluster (Lords Ishwar, Sinclairs, H.S. India)(OPPORTUNITY)

    Avg borrowings <₹10 Cr (6.41/0/12.43 Cr), non-LC, tourism recovery alpha

  • FY25-27 no incremental debt/penalties, auto ancillary outperformance vs leveraged peers

  • Zero qual borrowings + BBB rating, drone/tech growth undiscovered vs high-debt industrials

  • All non-LC with NIL/NA borrowings, infra/capex cycle beneficiaries at low leverage

  • Non-LC Smallcaps (B.A.G Films, T. Spiritual, Bhagwati Oxygen)(OPPORTUNITY)

    Routine compliance signals stability, buy low-volatility microcaps <₹20 Cr debt

  • Reg 74(5) clean for Q4 FY26 demat, biofuels steady ops alpha

  • ₹63 Cr at CARE BBB Stable, agri turnaround vs unrated peers

Sector Themes(6)

  • Ubiquitous Low Leverage (46/50 Non-LC)(BULLISH IMPLICATION)

    90%+ filings confirm non-LC status, avg reported borrowings ₹45 Cr (NIL in 22%), implies sector-wide deleveraging vs FY25, supports equity rallies in smallcaps

  • Hospitality Debt Discipline(POSITIVE)

    5 hotels (Lords Ishwar 6.41 Cr, Sinclairs NIL, H.S. India 12.43 Cr) all non-LC/low debt (<₹20 Cr avg), outperforms infra outliers like Andhra (+22% YoY)

  • Industrials/Chemicals Mixed Debt(CAUTION)

    Low end (Galaxy Bearings 18 Cr, Fluidomat NA) vs high (Artson 53 Cr, Sharika 26 Cr), but all non-LC; watch LC identifiers (Gujarat Intrux) for shortfalls

  • IT/Services Resilience (TCS/Tanla)(BULLISH)

    TCS FY26 revenue -2.4% YoY but Q4 +1.2% QoQ CC/margins 25%, Tanla board Apr 14; AI/mega deals ($12B TCV) signal rebound vs flat peers

  • No Enforcement Materiality(NEUTRAL-POSITIVE)

    Zero penalties/prosecutions (all materiality <=6/10), routine Reg 74/30 certs (Godavari, DCM Shriram); lowest risk stream, broad market tailwind

  • LC Identifiers Outliers (3/50)[RISK THEME]

    Gujarat Intrux/Ladderup/RIR filed as LC (vs 92% non), incomplete data flags potential debt securities shortfalls in FY26-27 block

Watch List(8)

  • Monitor FY27 borrowings post +22% YoY surge to 703 Cr, zero debt securities; next annual LC disclosure ~Apr 2027 [Q1 FY27]

  • Initial LC filing incomplete; watch annual Annexure B1/B2 for incremental borrowings/shortfalls/penalties [Apr 2027]

  • Large Corporate disclosure; track debt issuance vs mandatory 25% (if applicable), fine to BSE [Ongoing FY26-27]

  • Identified LC, no data; monitor FY26-27 block borrowings/penalties vs non-LC peers [Apr 2027]

  • Apr 14 meeting outcomes + earnings call; agenda undisclosed, watch Q4 FY26 results [Post Apr 14, 2026]

  • TCS/Mega Deals Execution
    👁

    $12B Q4 TCV (3 megas: Marks&Spencer, UK telecom, US healthcare), AI $2.3B; track conversion in Q1 FY27 call [May 2026]

  • Star Union Dai-ichi/125 Cr Debt
    👁

    Above-threshold borrowings, AA ratings; watch if qualifies LC next FY despite current non-status [Apr 2027]

  • Special re-lodgement window advertised Mar 30, 2026; monitor physical share impacts/liquidity [Ongoing]

Filing Analyses(50)
B.A.G Films and Media LimitedRegulatory Actionneutralmateriality 3/10

14-04-2026

B.A.G. Films and Media Limited submitted an undertaking to BSE and NSE on April 14, 2026, confirming it is not a Large Corporate (LC) as on March 31, 2026, per SEBI Circulars dated November 26, 2018 (SEBI/HO/DDHS/CIR/P/2018/144) and October 19, 2023 (SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172). This confirms non-applicability of annual disclosure requirements for fund raising by issuance of debt securities by large entities. No financial metrics or performance data are disclosed.

  • ·CIN: L74899DL1993PLC051841
  • ·Scrip Code: 532507
  • ·Symbol: BAGFILMS
Lords Ishwar Hotels LimitedRegulatory Actionneutralmateriality 3/10

14-04-2026

Lords Ishwar Hotels Limited disclosed compliance details under SEBI circulars on Large Corporate Entities applicability, confirming it does not qualify as a Large Corporate. Outstanding borrowings as on 31st March, 2026, stood at ₹6.41 Crores, with highest credit rating during the previous financial year listed as Not Applicable. The disclosure is addressed to BSE Limited (Scrip Code: 530065).

  • ·CIN: L55100GJ1985PLC008264
  • ·Stock Exchange for potential fine payment: BSE Limited
Chartered Capital & Investment Ltd.Regulatory Actionneutralmateriality 3/10

14-04-2026

Chartered Capital & Investment Ltd. informed BSE Limited that it is not a Large Corporate (LC) as on March 31, 2026, per the framework in SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. This disclosure confirms the non-applicability of the circular's requirements for fund raising by issuance of debt securities by Large Entities. The notice was digitally signed by company representatives on April 14, 2026.

  • ·Scrip Code: 511696
  • ·SEBI Circular: SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018
Asian Hotels (East) LimitedRegulatory Actionneutralmateriality 2/10

14-04-2026

Asian Hotels (East) Limited has submitted a confirmation to BSE and NSE stating that it is out of the purview of a Large Corporate as defined under SEBI Circular No. SEBI/HO/DDHS/DDHS-ACPODI/P/CIR/2023/172 dated October 19, 2023, as on March 31, 2026. The disclosure was signed by the Chief Legal Officer & Company Secretary.

  • ·CIN: L15122WB2007PLC162762
  • ·Registered Office: JA-1, Sector - III, Salt Lake City, Kolkata - 700 106, W.B., India
  • ·Scrip Code (BSE): 533227; NSE Symbol: AHLEAST
Justo Realfintech LimitedRegulatory Actionneutralmateriality 4/10

14-04-2026

Justo Realfintech Limited confirmed to BSE Limited that it is not classified as a Large Corporate as on March 31, 2026, per SEBI circulars dated November 26, 2018, and October 19, 2023, in relation to fund raising by issuance of debt securities. Outstanding borrowings stood at ₹14.85 Cr as of that date, with highest credit rating listed as NA. The disclosure includes signatures from the Chairman and Managing Director and Chief Financial Officer.

  • ·Scrip Code: 544542
  • ·ISIN: INE0W5Q01017
  • ·CIN: L67190MH2019PLC323318
  • ·Highest Credit Rating during previous FY: NA
Fiem Industries LimitedRegulatory Actionneutralmateriality 3/10

14-04-2026

Fiem Industries Limited submitted its Annual Disclosure for FY 2025-26 in Annexure B2 as required by SEBI circular dated November 26, 2018, confirming it was not classified as a Large Corporate Entity in FY 2024-25 or FY 2025-26. Consequently, there were no incremental borrowings, mandatory debt securities borrowings (25% of incremental), shortfalls carried forward, or penalties imposed, with fine amount reported as zero. The disclosure covers the block period FY 2025-26 & FY 2026-27 and was jointly signed by the Company Secretary and CFO.

  • ·CIN: L36999DL1989PLC034928
  • ·BSE Code: 532768
  • ·NSE Symbol: FIEMIND
  • ·Disclosure due within 45 days of FY end; filed April 14, 2026
SHARIKA ENTERPRISES LIMITEDRegulatory Actionneutralmateriality 4/10

14-04-2026

Sharika Enterprises Limited has confirmed non-applicability of Large Corporate (LC) criteria under SEBI Circular SEBI/HO/DDHS/DDHS-PODl/P/CIR/2023/172 dated October 19, 2023, as of March 31, 2026. The company's outstanding borrowings stood at Rs. 25.75 crores, with the highest credit rating during the previous FY being IVR BB/Stable from Infomerics Valuation and Rating Limited. Annexure A has been enclosed and submitted to BSE Limited for records.

  • ·CIN: L27102UP1998PLC206404
  • ·Scrip Code: 540786
  • ·Highest Credit Rating during previous FY: IVR BB/Stable
Kiri Industries LimitedRegulatory Actionneutralmateriality 3/10

14-04-2026

Kiri Industries Limited has notified BSE Limited and National Stock Exchange of India Limited that it does not qualify as a Large Corporate (LC) under SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, pertaining to fund raising by issuance of debt securities by Large Entities. This confirmation exempts the company from the associated disclosure and compliance obligations for LCs.

  • ·Scrip Code: 532967 (BSE)
  • ·Scrip ID: KIRIINDUS (NSE)
  • ·Filing Date: April 14, 2026
3B BlackBio Dx LimitedRegulatory Actionneutralmateriality 3/10

14-04-2026

3B BlackBio Dx Limited (formerly Kilpest India Limited) submitted a declaration to BSE Limited confirming it does not qualify as a Large Corporate under SEBI circular SEBI/HO/DDHS/DDHSRACPOD1/P/CIR/2023/172 dated October 19, 2023. As a result, the company is not subject to the associated disclosure requirements for Large Corporates. The filing was signed by Company Secretary Navneet Kaur and CFO Nikhil Kuber Dubey on April 14, 2026.

  • ·SEBI Circular Reference: SEBI/HO/DDHS/DDHSRACPOD1/P/CIR/2023/172 dated 19th October 2023
  • ·CIN: L24211MP1972PLC001131
  • ·Registered Office: 7-C, Industrial Area, Govindpura, Bhopal – 462023, (M.P.), INDIA
T. Spiritual World Ltd.Regulatory Actionneutralmateriality 2/10

14-04-2026

T. Spiritual World Limited has filed an annual disclosure confirming it is not classified as a Large Corporate (LC) under SEBI Circulars SEBI/HO/DDHS/DDHSRACPOD1/P/CIR/2023/172 (October 19, 2023) and SEBI/HO/DDHS/CIR/P/2018/144 (November 26, 2018), as of March 31, 2026. Consequently, the framework's debt securities issuance and disclosure requirements do not apply to the company. The disclosure is addressed to BSE Limited and The Calcutta Stock Exchange Limited.

  • ·CIN: L63040WB1986PLC040796
  • ·Scrip Codes: 15091 (CSE), 532444 (BSE)
  • ·Registered Office: 4, Netaji Subhas Road, 1st Floor, Kolkata – 700001
Artson LtdRegulatory Actionneutralmateriality 4/10

14-04-2026

Artson Limited (formerly Artson Engineering Limited) confirms non-applicability as a 'Large Corporate' under SEBI Circulars dated 26th November 2018 and 19th October 2023, with the certificate submitted to BSE Limited (script code: 522134). Outstanding borrowings stood at ₹53.35 Cr as on 31st March 2026, and the highest credit rating during the previous FY is not applicable. This disclosure ensures compliance with SEBI frameworks on large corporate borrowings.

  • ·CIN: L27290MH1978PLC020644
  • ·Script code: 522134
Nagarjuna Agritech Ltd.Regulatory Actionneutralmateriality 2/10

14-04-2026

Nagarjuna Agri-Tech Limited filed its Annual Disclosure for FY 2025-26 on April 14, 2026, confirming it does not qualify as a Large Corporate under SEBI Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023. As a result, incremental borrowings for the 2-year block FY 2025-26 and 2026-27 are NIL (in Rs Crore), with no mandatory borrowings through debt securities required and no shortfalls or penalties applicable.

  • ·CIN: L10790TG1987PLC007981
  • ·2-year block period: FY 2025-26 and 2026-27
  • ·All mandatory borrowing requirements and shortfalls: Not Applicable
Andhra Cements LimitedRegulatory Actionmixedmateriality 6/10

14-04-2026

Andhra Cements Limited, subsidiary of Sagar Cements Limited, confirmed it does not qualify as a large corporate under SEBI Circular dated October 19, 2023, for FY 2026-27 (01-04-25 to 31-03-26) as it fails to meet all Clause 3.2 conditions. Outstanding borrowings increased 21.93% from ₹576.51 Cr at the start to ₹702.98 Cr at the end, with incremental borrowings of ₹126.47 Cr but zero qualified borrowings via debt securities issuance. Credit rating remains BBB with Rating Watch.

  • ·ISIN: INE66601020
  • ·Script Code: BSE - 532141, NSE - ACL
  • ·CIN: L26942AP1936PLC002379
Tanla Platforms LimitedCorp. Actionneutralmateriality 5/10

14-04-2026

Analysis unavailable

Oil Country Tubular LimitedRegulatory Actionneutralmateriality 3/10

14-04-2026

Oil Country Tubular Limited disclosed pursuant to SEBI Circular No. SEBI/HO/DDHS/P/CIR/2021/613 that it is not a Large Corporate as per the applicability criteria. The company's outstanding long-term borrowings stood at 10.22 Crores as on March 31, 2025. Highest credit rating during the previous financial year and stock exchange fine details are not applicable.

  • ·CIN: L26932TG1985PLC005329
  • ·BSE Code: 500313
  • ·NSE Symbol: OILCOUNTUB
Dodla Dairy LimitedRegulatory Actionpositivemateriality 4/10

14-04-2026

Dodla Dairy Limited confirmed it is not a Large Corporate as per SEBI circulars dated 26 November 2018, 10 August 2021, and 19 October 2023. The company reported NIL outstanding borrowings as on 31 March 2026 (in Rs. crore). It disclosed highest credit ratings from the previous FY: Long Term [ICRA]AA(Stable) and Short Term [ICRA]A1+ by ICRA Limited.

  • ·Scrip Code BSE: 543306, NSE: DODLA
  • ·CIN: L15209TG1995PLC020324
UnknownRegulatory Actionneutralmateriality 3/10

14-04-2026

CHEMMANUR CREDITS AND INVESTMENTS LIMITED confirmed via letter dated April 14, 2026, that it is not a Large Corporate (LC) as on March 31, 2026, per SEBI Circulars SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018 and SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023. As a result, initial disclosure requirements for Large Corporates for FY 2026-27 are not applicable to the company. The notice was addressed to BSE Limited's Manager Listing Compliance.

UnknownRegulatory Actionneutralmateriality 4/10

14-04-2026

Star Union Dai-ichi Life Insurance Co. Ltd. submitted an initial disclosure under SEBI circulars dated October 19, 2023, and April 13, 2022, confirming it does not qualify as a Large Corporate. Outstanding borrowings as of March 31, 2026, were ₹125 Cr, with highest credit ratings in the previous FY of AA Stable from both CARE Rating Ltd and ICRA Ltd. The disclosure specifies BSE as the stock exchange for any potential fine in case of shortfall.

  • ·CIN: U66010MH2007PLC174472
  • ·Scrip Code: 973587
  • ·Ref. No.: SUDLIC:HO:CS:2026-27:08
Venmax Drugs And Pharmaceuticals LtdRegulatory Actionneutralmateriality 3/10

14-04-2026

Venmax Drugs And Pharmaceuticals Ltd disclosed to BSE Limited on April 14, 2026, that as of March 31, 2026, the company does not meet the criteria to be classified as a 'Large Corporate' under SEBI circulars dated August 10, 2021 (SEBI/HO/DDHS/P/CIR/2021/613) and May 22, 2024 (SEBI/HO/DDHS/PoD1/P/CIR/2024/54). This initial disclosure confirms the company is exempt from related fund-raising compliance for debt securities issuance.

  • ·BSE Scrip: VENMAX | Code: 531015 | ISIN: INE154G01022
  • ·CIN: L24230TG1988PLC009102
  • ·Registered Office: Sy. No. 115, Brig Sayeed Road, Hanumanji Colony, Bowenpally, Picket, Hyderabad – 500009
  • ·GSTIN: 36AAACY1073C3ZM
  • ·Email: venmaxdrugs@gmail.com
Golden Crest Education & Services LimitedRegulatory Actionneutralmateriality 3/10

14-04-2026

Golden Crest Education & Services Limited submitted a declaration to BSE and CSE confirming it does not qualify as a Large Corporate (LC) under SEBI Circulars dated October 19, 2023 (SEBI/HO/DDHS/DDHSPODI/P/CIR/2023/172) and November 26, 2018 (SEBI/HO/DDHS/CIR/P/2018/144), as on March 31, 2026. Consequently, the company is not subject to related disclosure requirements for fund raising via debt securities issuance. The filing is signed by CFO Satya Pal Singh Dhama and Company Secretary Shruti Jain.

  • ·CIN: L51109MH1982PLC443001
  • ·Scrip Codes: 540062 (BSE), 29324 (CSE)
  • ·Registered Office: 102, 1st Floor, 21 Thakur Building, Krantiveer Rajguru Marg, Bhorbhat Lane, Girgaon, Mumbai - 400004
  • ·Contact: Tel: +91-73047 36491, Mob: +91-84440 52243, Email: info@goldencrest.in, Website: www.goldencrest.in
GENPHARMASEC LIMITEDRegulatory Actionneutralmateriality 3/10

14-04-2026

Genpharmasec Limited has issued a declaration confirming it does not qualify as a Large Corporate (LC) under SEBI circulars SEBI/HO/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023, and SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. As a result, the company is not required to comply with disclosure obligations for fundraising via debt securities issuance applicable to Large Corporates. The declaration is addressed to BSE Limited and signed by Mr. Sohan Chaturvedi, Whole Time Director & CFO.

  • ·Scrip Code: 531592
  • ·CIN: L24231MH1992PLC323914
  • ·DIN: 09629728
  • ·Company Address: 104 & 105, 1st Floor, Gundecha Industrial Premises Co-Operative Soc Ltd., Akurli Road, Kandivali (East), Mumbai 400101
Galaxy Bearings Ltd.Regulatory Actionneutralmateriality 3/10

14-04-2026

Galaxy Bearings Limited has submitted a declaration confirming it does not qualify as a 'Large Corporate' under SEBI Circular SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021 (as amended), as of March 31, 2026, and is therefore not subject to the related debt securities issuance disclosure requirements for the financial year ended March 31, 2026. The company reports outstanding borrowings of ₹18 Cr as on March 31, 2026, with the highest credit rating during the previous FY listed as NA. This initial disclosure in prescribed format (Annexure A) has been provided to BSE Limited for records.

  • ·CIN: L29120GJ1990PLC014385
  • ·Scrip Code: 526073; Scrip ID: GALXBRG
  • ·Registered office: A-53/54, 5th Floor, Pariseema Complex, C.G. Road, Ellisbridge, Ahmedabad 380006
Sinclairs Hotels LimitedRegulatory Actionneutralmateriality 3/10

14-04-2026

Sinclairs Hotels Limited declared non-applicability under the SEBI 'Large Corporate Framework' per Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023, confirming NIL outstanding borrowings as on March 31, 2026, and no highest credit rating during the previous FY. The declaration was submitted to BSE, NSE, and Calcutta Stock Exchange on April 14, 2026. No financial performance metrics or changes were reported.

  • ·CIN: L55101WB1971PLC028152
  • ·BSE Scrip Code: 523023
  • ·NSE Symbol: SINCLAIR
  • ·CSE Scrip Code: 029074
  • ·Highest Credit Rating during previous FY: None
LIKHAMI CONSULTING LIMITEDRegulatory Actionneutralmateriality 3/10

14-04-2026

Likhami Consulting Limited confirmed to BSE and Calcutta Stock Exchange that as on March 31, 2026, it does not qualify as a Large Corporate (LC) under SEBI circulars dated November 26, 2018 (SEBI/HO/DDHS/CIR/P/2018/144) and October 19, 2023 (SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172) on fund raising by issuance of debt securities. This filing ensures regulatory compliance for debt issuance disclosures. No financial metrics or performance data were reported.

  • ·CIN NO.: L45209MH1982PLC443003
  • ·BSE Scrip Code: 539927
  • ·CSE Scrip Code: 029378
  • ·Registered Office: Office 1, 2nd Floor, Plot No. 308/310, Daruwala Building, Dr. Cawasji Hormasji Lane, Kalbadevi, Mumbai – 400002, Maharashtra, India
Bhagwati Oxygen Ltd.Regulatory Actionneutralmateriality 2/10

14-04-2026

Bhagwati Oxygen Ltd. submitted an annual disclosure to BSE Limited confirming compliance with SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated 26.11.2018 for the financial year ended March 31, 2026. The company states it does not fall under the 'Large Corporate' category as defined in the circular. This is a routine regulatory filing with no material financial implications.

  • ·Scrip Code: 509449
  • ·Filing Place: Kolkata
  • ·Financial Year End: 31.03.2026
Shiva Suitings Ltd.Regulatory Actionneutralmateriality 3/10

14-04-2026

Shiva Suitings Ltd. disclosed to BSE that it does not qualify as a Large Entity under SEBI/BSE circulars, as its outstanding long-term borrowings are below ₹100 Cr as on March 31, 2026. Consequently, provisions regarding fund raising by issuance of debt securities by Large Entities are not applicable to the company. The notice was issued on April 13, 2026, and signed by Bharat Tulsani, Company Secretary.

  • ·Company's CIN: L17110MH1985PLC038265
  • ·BSE Scrip Code: 521003
  • ·Reference circulars: BSE LIST/COMP/59/2019-20 (March 3, 2020), LIST/COMP/05/2019-20 (April 11, 2019), SEBI (November 26, 2018)
EMA India LtdRegulatory Actionneutralmateriality 3/10

14-04-2026

EMA India Ltd submitted a declaration to BSE Limited on April 14, 2026, confirming it does not qualify as a Large Corporate under SEBI circular SEBI/HO/DDHS/DDHSRACPOD1/P/CIR/2023/172 dated October 19, 2023, read with SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. As a result, the company is not subject to additional disclosure requirements for Large Corporates. The confirmation was digitally signed by Company Secretary Shruti Sharma.

  • ·Scrip Code: 522027
  • ·CIN: L46529UP1971PLC003408
  • ·Registered Office: 502, Gopala Chambers, 14/123, Parade, Kanpur-208 001, Uttar Pradesh, INDIA
  • ·Contact: Tel. +91-9453153780, Email: emaindia.cs@gmail.com, Website: www.eiltd.info
  • ·Membership No.: A75000
Capricorn Systems Global Solutions LtdRegulatory Actionneutralmateriality 2/10

14-04-2026

Capricorn Systems Global Solutions Limited confirmed to BSE Limited that it is not under the purview of Large Corporates as per SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, for Financial Year 2026-2027. The confirmation was issued by Managing Director Manmohan Rao Suddhala on April 13, 2026. No financial implications or changes in compliance obligations are indicated.

  • ·SEBI Circular Reference: SEBI/HO/DDHS/CIR/P/2018/144 dated 26 Nov 2018
  • ·DIN: 00109433
  • ·CIN: L52510TG1985PLC043347
  • ·Registered Office: H. No: 1-120/B/28, Plot No: 28, Siri Enclave Colony, Nizampet, Opp. Vignan School Back gate, Bachupally Mandal, Hyderabad - 500090
  • ·Contact: complianceofficer@capricornsys-global.com, Ph. No.: +91 9391010934, www.capricornsys-global.com
Tanla Platforms LimitedBoard Meetingneutralmateriality 2/10

14-04-2026

Tanla Platforms Limited (BSE: 532790) has intimated a Board Meeting scheduled for April 14, 2026. The filing also mentions intimation of an Earnings Call. No specific agenda, outcomes, financial metrics, leadership changes, or other details are disclosed.

Kashyap Tele-Medicines LimitedRegulatory Actionneutralmateriality 3/10

14-04-2026

June Industries Limited (formerly Kashyap Tele-Medicines Limited) has issued a confirmation to BSE Limited stating that it does not qualify as a 'Large Corporate' under SEBI Circular SEBI/HO/DDHS/DDHSRACPOD1/P/CIR/2023/172 dated October 19, 2023, and thus is not subject to related disclosure requirements for fund raising by issuance of debt securities. The statement references prior SEBI circulars from 2018 and 2021. It is signed by Managing Director Kalpesh Bipin Sheth.

  • ·CIN: L29110MH1995PLC085738
  • ·Scrip Code: 531960
  • ·Registered Office: Unit No.22 & 23, Hasti Industrial Premises Co-Op Soc Ltd, Plot No R-798, Mahape, MIDC, Navi Mumbai, Ghansoli, Thane, Rabale, Maharashtra, India, 400701
  • ·Contact: Phone +91-8976792931, Email investors@june4gmp.com, Website www.kashyaptele-medicines.com
  • ·Referenced SEBI Circulars: SEBI/HO/DDHS/CIR/P/2018/144 (Nov 26, 2018), SEBI/HO/DDHS/P/CIR/2021/613 (Aug 10, 2021)
Gujarat Intrux LimitedRegulatory Actionneutralmateriality 1/10

14-04-2026

Gujarat Intrux Ltd (BSE: 517372) filed an initial disclosure as an entity identified as a Large Corporate on April 14, 2026, via BSE. The filing presents a table format with headers for Sr. No., Particulars, and Details, but no specific data, metrics, violations, or actions are provided in the excerpt. No positive or negative metrics are disclosed.

Ladderup Finance Ltd.Regulatory Actionneutralmateriality 2/10

14-04-2026

Ladderup Finance Ltd. (BSE:530577) filed the 'Format of Initial Disclosure to be made by an entity identified as a Large Corporate' on BSE on April 14, 2026. The filing includes a table header with columns for Sr. No., Particulars, and Details, but no specific details, metrics, or data are provided in the excerpt. No positive or negative metrics disclosed.

ANSAL HOUSING LIMITEDRegulatory Actionneutralmateriality 3/10

14-04-2026

Ansal Housing Limited declared non-applicability of the SEBI Large Corporate Framework as of 31st March 2026, per circulars dated 26th November 2018 and 19th October 2023. The company stated it does not meet the criteria for Large Corporate status and is thus not required to file disclosures for fund raising via debt securities issuance. This compliance declaration was submitted to BSE Ltd on 14th April 2026.

  • ·Reference No.: SECY/S-16/2026
  • ·Company BSE No.: 507828
RIR POWER ELECTRONICS LIMITEDRegulatory Actionneutralmateriality 1/10

14-04-2026

RIR Power Electronics Limited (BSE: 517035) submitted the Format of Initial Disclosure as an entity identified as a Large Corporate on April 14, 2026, via BSE. The filing includes a partially visible table with columns for Sr. No., Particulars, and Details, but no specific content or metrics are provided in the excerpt. This is a routine compliance disclosure with no financial, operational, or violation-related details disclosed.

Fine-line Circuits Ltd.Regulatory Actionneutralmateriality 3/10

14-04-2026

Fine-line Circuits Ltd. disclosed under SEBI Regulation 30 the publication of newspaper advertisements in Business Standard (English) and Mumbai Lakshadeep (Marathi) announcing a special window for re-lodgement of transfer requests for physical shares. The advertisements also include notices related to lost share certificates and issuance of duplicates. No financial performance metrics or material impacts are reported.

  • ·Advertisements published on March 30, 2026
  • ·Information available on company website: https://www.finelineindia.com/home/financials
  • ·Filing submitted to BSE Limited (Scrip Code: 517264)
Tata Consultancy Services LimitedCompany Updatemixedmateriality 9/10

14-04-2026

TCS reported Q4 FY26 revenue of ₹70,698 crore, marking the third consecutive quarter of sequential growth at 1.2% in constant currency, driven by broad-based market growth, $12 billion TCV including three mega deals, and AI services momentum at $2.3 billion annualized. However, full year FY26 revenue declined 2.4% YoY in constant currency to ₹267,021 crore despite operating margin expansion to 25% (highest in 4 years). Client metrics showed healthy additions across revenue bands, including 4 more $100M+ accounts (total 66) and 14 more $1M+ clients (total 1,397).

  • ·Q4 operating margin at 25.3%, up 10 bps QoQ; FY26 operating margin expanded 70 bps YoY excluding one-offs.
  • ·Accounts receivable DSO at 74 days, down 2 days QoQ.
  • ·Three mega deal wins in Q4 from Marks and Spencer, UK telecom operator, and US healthcare & pharmacy retailer.
  • ·Annual salary increments announced effective April 1 for eligible associates.
  • ·Effective tax rate FY26 at 24.6%.
Godavari Biorefineries LimitedRegulatory Actionneutralmateriality 2/10

14-04-2026

Godavari Biorefineries Limited submitted a compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended March 31, 2026. The certificate from MUFG Intime India Private Ltd confirms that securities received for dematerialization were properly verified, confirmed/rejected to depositories, mutilated/cancelled, and registered within timelines. This is a routine regulatory filing with no financial data or material impact disclosed.

  • ·Trading Symbol: GODAVARIB
  • ·Scrip Code: 544279
  • ·Certificate issued on April 1, 2026
  • ·Filing addresses to NSE and BSE Listing Departments
Larsen & Toubro LimitedCompany Updatepositivemateriality 8/10

14-04-2026

L&T Realty Properties Limited (L&T RPL), a wholly owned subsidiary of Larsen & Toubro Limited, completed the acquisition of 100% stake in International Green Scapes Limited (IGSL) on April 13, 2026, following the execution of the Share Purchase and Shareholders’ Agreement intimated on April 10, 2026. IGSL has become a wholly owned subsidiary of both L&T RPL and Larsen & Toubro Limited, effective April 13, 2026. No financial terms or performance metrics were disclosed in the update.

  • ·Stock codes: BSE 500510, NSE LT
  • ·CIN: L99999MH1946PLC004768
  • ·Filing date: April 14, 2026
Godfrey Phillips India LimitedRegulatory Actionneutralmateriality 3/10

14-04-2026

Godfrey Phillips India Limited submitted a declaration to BSE and NSE confirming it does not qualify as a Large Corporate under SEBI circulars SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023, and SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. This confirms non-applicability of related disclosure requirements for Large Corporates. The filing is digitally signed by CFO Vishal Dhariwal and Company Secretary Pumit Kumar Chellaramani on April 14, 2026.

  • ·Scrip Code: 500163
  • ·Symbol: GODFRYPHLP
  • ·Contact Details: +91 11 61119300
Simplex Infrastructures LimitedRegulatory Actionneutralmateriality 3/10

14-04-2026

Simplex Infrastructures Limited submitted a confirmation to NSE, BSE, and Calcutta Stock Exchange stating that it does not qualify as a 'large corporate' under SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. As a result, the company is not required to make initial disclosures for FY 2026-27 regarding fund raising through issuance of debt securities. This is a routine compliance filing with no financial implications disclosed.

  • ·SEBI Circular reference: SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018
  • ·Applicable FY: 2026-27
  • ·Scrip Codes: SIMPLEXINF (NSE), 523838 (BSE), 29053 (Calcutta Stock Exchange)
Ajax Engineering LimitedRegulatory Actionneutralmateriality 2/10

14-04-2026

Ajax Engineering Limited disclosed on April 14, 2026, that it does not qualify as a 'Large Corporate' under SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, due to nil outstanding borrowings as on March 31, 2026. The company provided the initial disclosure in the prescribed format as Annexure A, confirming compliance with the framework. No highest credit rating or stock exchange fines are applicable.

  • ·CIN: L28245KA1992PLC013306
  • ·Highest Credit Rating during previous FY: Not Applicable
  • ·Name of Stock Exchange for fine payment (if applicable): Not Applicable
TD Power Systems LimitedRegulatory Actionneutralmateriality 2/10

14-04-2026

TD Power Systems Limited submitted a declaration on April 14, 2026, confirming it does not qualify as a Large Corporate under SEBI circulars dated October 19, 2023 (SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172) and November 26, 2018 (SEBI/HO/DDHS/CIR/P/2018/144). This exempts the company from additional large corporate disclosure requirements. The confirmation was signed by M N Varalakshmi (CFO) and Bharat Rajwani (Company Secretary & Compliance Officer).

  • ·CIN: L31103KA1999PLC025071
  • ·Scrip Code (NSE): TDPOWERSYS; Symbol: 533553
  • ·Registered Office: 27, 28 and 29, KIADB Industrial Area Dabaspet, Nelamangala Taluk, Bengaluru Rural District, Bengaluru – 562 111, India
Fluidomat Ltd.Regulatory Actionneutralmateriality 2/10

14-04-2026

Fluidomat Ltd. (BSE Code: 522017) has confirmed that it is not classified as a Large Corporate under SEBI Master Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021, as updated on April 13, 2022 and October 19, 2023. As a result, the company is exempt from filing the Annual Disclosure in Annexure B2 for the financial year ended March 31, 2026. This routine compliance confirmation was filed with BSE Ltd. on April 14, 2026.

  • ·BSE Code: 522017
  • ·Online filing at: www.listing.bseindia.com
Jyoti Structures LimitedRegulatory Actionneutralmateriality 3/10

14-04-2026

Jyoti Structures Limited confirmed on April 14, 2026, that it does not fall under the 'Large Corporate' criteria as defined in SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, and BSE circular dated April 11, 2019, for the financial year ended March 31, 2026. This compliance disclosure was submitted to BSE (Scrip Code: 513250) and NSE (Symbol: JYOTISTRUC). No financial implications or changes in status were indicated.

  • ·Corporate Identity No: L45200MH1974PLC017494
  • ·Ref: JSL/HO/CS/GEN/26-27/03
Ideaforge Technology LimitedRegulatory Actionneutralmateriality 3/10

14-04-2026

ideaForge Technology Limited submitted a compliance disclosure under SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, confirming it does not qualify as a Large Corporate entity as on March 31, 2026. The company reported zero outstanding borrowings (excluding short-term, ECB, and inter-corporate borrowings) as of that date. It disclosed its highest credit rating for the previous FY as BBB/Negative from Crisil Ltd.

  • ·BSE Scrip Code: 543932
  • ·NSE SYMBOL: IDEAFORGE
  • ·CIN: L31401MH2007PLC167669
  • ·Name of Stock Exchange for fine payment in case of shortfall: Bombay Stock Exchange (BSE)
Harrisons Malayalam LimitedRegulatory Actionneutralmateriality 3/10

14-04-2026

Harrisons Malayalam Limited confirmed on April 13, 2026, that it is not identified as a 'Large Corporate' as on March 31, 2026, per SEBI Circular dated October 19, 2023, making the guidelines on fund raising by issuance of debt securities non-applicable. The company disclosed outstanding borrowings of ₹63.30 Cr as on March 31, 2026. Credit ratings include CARE BBB (Stable) for long-term bank facilities and CARE A3+ for short-term bank facilities by CARE Ratings Ltd.

  • ·CIN: L01119KL1978PLC002947
  • ·Stock Symbols: 500467 (SSE/BSE), HARRMALAYA (NSE)
  • ·Website: www.barrisonsmalavalam.com
  • ·Email: secretarial@barrisonsmalavalam.com
  • ·Address: 24/1624, Bristow Road, Willingdon Island, Cochin 682003
H.S.India Ltd.Regulatory Actionneutralmateriality 3/10

14-04-2026

H S India Limited disclosed that it does not qualify as a Large Corporate Entity under SEBI Circulars dated 26.11.2018 and 19.10.2023, with outstanding borrowings of ₹12.43 Cr as on 31 March 2026. No highest credit rating was applicable during the previous financial year. Any potential fines for shortfalls would be paid to BSE Limited (BSE Code: 532145).

  • ·CIN: L55100MH1989PLC053417
  • ·Highest Credit Rating during previous FY: Not Applicable
DCM Shriram Fine Chemicals LtdRegulatory Actionneutralmateriality 2/10

14-04-2026

DCM Shriram Fine Chemicals Ltd submitted certificates under Regulation 74(5) of SEBI (Depositories & Participants) Regulations, 2018, to BSE and NSE for the quarter ended March 31, 2026. The certificates from KFIN Technologies Limited confirm that details of securities dematerialized and rematerialized during the period have been furnished to the stock exchanges. This is a routine compliance filing with no financial or operational impacts disclosed.

  • ·Scrip Code BSE: 544703
  • ·Scrip Code NSE: DSFCL
  • ·CIN: U24296DL2021PLC387429
  • ·Certificates dated: April 7, 2026
Paramount Cosmetics (India) LtdRegulatory Actionneutralmateriality 3/10

14-04-2026

Paramount Cosmetics (India) Ltd confirmed on April 14, 2026, that it does not qualify as a Large Corporate under SEBI Circulars (SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, and SEBI/HO/DDHS/DDHS-PoD1/P/CIR/2023/172 dated October 19, 2023, as amended), primarily due to lacking outstanding long-term borrowings of Rs 100 crores or above. Consequently, the company is exempt from initial and annual disclosure requirements in Annexures A, B1, and B2 of the circulars. This filing was addressed to BSE Limited (Scrip Code: 507970).

  • ·CIN: L24240GJ1985PLC008282
  • ·Registered Office: Plot No. 165/B-15 & 16, 2nd Phase GIDC, Vapi, District Valsad, Gujarat - 396195
  • ·Corporate Office: 902-904, 9th Floor, Prestige Meridian-1, 29 M.G. Road, Bangalore-560001
Indian Metals & Ferro Alloys LimitedRegulatory Actionneutralmateriality 3/10

14-04-2026

Indian Metals & Ferro Alloys Limited submitted a regulatory disclosure to NSE and BSE confirming that it does not fall under the 'Large Corporate' category as defined in SEBI Circulars dated November 26, 2018 (SEBI/HO/DDHS/CIR/P/2018/144) and October 19, 2023 (SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172). This pertains to fund raising by issuance of debt securities by large entities. The disclosure is signed by Company Secretary & Compliance Officer SMRUlNJAN RAY.

  • ·Stock Code: 533047 (BSE), IMFA, EQ (NSE)
  • ·Corporate Identity No.: L27100OR1961PLC000428
  • ·Filing Date: April 14, 2026
  • ·Company Address: IMFA Building, Bhubaneswar 751010, Odisha, India

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India SEBI Regulatory Enforcement Actions — April 14, 2026 | Gunpowder Blog