ALFA Filings
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Asahi India Glass reported a partial breakdown of the exhaust chimney at its Soniyana, Rajasthan plant due to a whirlwind on May 3, 2026. No human injuries occurred, and key equipment remains functional. The company is assessing damage costs, which are covered by insurance. Supplies to OEM and project customers remain unaffected.
Bharat Coking Coal Ltd reported a fatal accident at its Moonidih Washery on May 02, 2026, where four persons died during slurry loading operations. The incident has been reported to authorities. Management expects no significant impact on production as the washery is currently undergoing renovation.
Andhra Paper Limited has declared a lockout at its Kadiyam Unit effective May 1, 2026, following an illegal strike by contract workmen. The disruption is expected to cause a production loss of approximately 70 MT per day. The lockout will continue until further notice to safeguard employees and plant assets.
Jyothy Labs Limited reported a fire incident at its C&FA-operated warehouse in Patiala, Punjab. The fire was controlled on April 29, 2026, with an estimated inventory loss of ₹7.33 Crore. The company has initiated an insurance claim process to recover the losses, which are subject to assessment by the insurer.
Oval Projects Engineering Limited has terminated its engagement with Aristos Advisory for investor relations services. The cessation is effective from May 1, 2026. This change is a routine administrative update regarding the company's external service providers.
Mold-Tek Technologies Ltd has cancelled its proposed ₹4.76 Crore preferential issue of 2,90,000 equity shares. The withdrawal follows the proposed allottee's failure to remit share application money within required timelines. The Board passed a circular resolution on May 1, 2026, to formally terminate the issue.
MedPlus Health Services' subsidiary, Optival Health Solutions, received a three-day drug license suspension for a store in Ganeshpeth, Hubli. The suspension, issued by Karnataka's Drugs Control Administration, involves an estimated potential revenue loss of ₹0.01 Crore. The company is complying with the order issued under the Drugs and Cosmetics Act.
Ansal Housing Limited reported a default of ₹61.82 Crore in principal repayment to Suraksha Asset Reconstruction Private Limited as of March 31, 2026. The default pertains to project funding with a total obligation of ₹169 Crore. The company's total financial indebtedness, including short and long-term debt, stands at ₹230.93 Crore.
Marushika Technology Limited announced the cancellation of a Purchase Order by HFCL Limited on May 1, 2026. The company is currently engaged in ongoing discussions and negotiations with the customer for a potential future revival of the order, subject to mutually agreed terms and regulatory compliances.
Pipan Oils Ltd approved the forfeiture of 5,00,000 outstanding warrants previously held by Mr. Avnish Jindal and Mr. Piyush Gupta. The cancellation follows the warrant holders' failure to exercise their conversion option into equity shares within the 18-month deadline ending December 6, 2025.
Jyoti Limited reported a default of ₹76.00 Crore in principal repayment to Rare Asset Reconstruction Limited as of March 31, 2026. The company's total financial indebtedness, including short-term and long-term debt, stands at ₹209.25 Crore. This disclosure follows SEBI's mandate for reporting payment defaults by listed entities.
Olympic Cards Limited reported a default of ₹0.15 Crore on a term loan from HDFC Bank Ltd. The default, occurring on March 30, 2026, includes ₹0.12 Crore in principal and ₹0.03 Crore in interest. The company's total financial indebtedness stood at ₹9.16 Crore as of December 31, 2025.
Sahana System Limited announced that its subsidiary will not proceed with the execution of the Share Subscription and Shareholders’ Agreement (SSSA) previously disclosed in February 2026. The decision follows evolving market scenarios in the Defence vertical and aligns with the company's long-term vision.
Lemon Tree Hotels Ltd has mutually terminated its operating and license agreements for the 'Lemon Tree Hotel, Tarudhan Valley, Manesar' effective April 30, 2026. The company reports no significant financial impact from this termination. This exit involves agreements originally signed in July 2015 with Coronet Hotel Services and Supplies Pvt. Ltd.
Sambhv Steel Tubes Limited announced a temporary 15-day closure of its Sarora manufacturing unit from May 1 to May 15, 2026. The shutdown for scheduled maintenance includes a 15 MW power plant, 300 TPD kiln, and 3 furnaces. The company has made inventory arrangements to meet requirements during this non-operational period.
Electrotherm (India) Limited reported a default of ₹28.68 Crore on bank loans as of March 31, 2026. The default includes ₹24.00 Crore in principal and ₹4.68 Crore in interest. The company's total financial indebtedness stands at ₹1,000.21 Crore, with a significant portion assigned to Invent Assets Securitisation & Reconstruction Private Limited.
Siti Networks Limited reported defaults on term loan instalments and interest payments totaling ₹1,500 Crore as of February 22, 2023. The lenders include ARCIL, IDBI Bank, Axis Bank, and others. The company is currently under the Corporate Insolvency Resolution Process (CIRP) with its Board powers suspended.
PAE Limited has withdrawn its application for a preferential issue of 2,64,74,993 equity shares previously approved in February 2026. The decision follows a reassessment of fund-raising plans due to alternative considerations. The company clarified that this withdrawal will not impact its financial stability, operations, or growth prospects.
Panacea Biotec reported a fire incident due to a short circuit at its subsidiary's Oncology Quality Control Laboratory in Baddi. Operations are temporarily disrupted for 5 to 7 days. There were no casualties, and the facility has adequate insurance coverage. The company expects no material financial impact.
Andhra Paper Limited reported a partial operational disruption at its Kadiam Unit due to an illegal strike by contract workmen effective April 27, 2026. Production loss is estimated at 70 MT per day. The company has implemented contingency measures, and its Rajahmundry Unit remains unaffected. The cumulative impact currently remains below the materiality threshold of ₹15.85 crore.
Ansal Housing Limited disclosed a default of ₹55.62 Crore in principal repayment to Suraksha Asset Reconstruction Private Limited as of March 31, 2026. The total principal obligation for this project funding is ₹169 Crore. The company's total financial indebtedness stands at ₹230.40 Crore.
TCM Ltd announced the termination of a ₹7.92 Crore Solar PV installation project by CIAL Infrastructures Limited due to circumstances beyond the client's control. The work order, originally awarded in September 2025, was cancelled effective April 30, 2026. This value will no longer be reflected in the company's future billings.
IL&FS Transportation Networks Limited defaulted on a payment of ₹6.85 Crore, comprising ₹0.95 Crore interest and ₹5.90 Crore principal due on April 30, 2026. The default pertains to unsecured NCDs (Tranche XX). The company cited the 2018 NCLAT moratorium order as the reason for non-payment.
Reliance Infrastructure Ltd announced that 7.96 crore outstanding warrants have lapsed along with the amount paid thereon. The lapse occurred because the warrants were not converted into equity shares during the prescribed 18-month period. This marks the end of these specific instruments on the company's capital structure.
Sahana System Limited announced that its subsidiary, Sahana Defence Limited, will not proceed with a previously planned capital infusion through a Share Subscription and Shareholders' Agreement. The decision follows evolving market scenarios and alignment with the company's long-term vision in the defence sector.
Jyothy Labs reported a fire at its C&FA operated warehouse in Patiala, Punjab, on April 29, 2026. The incident originated from an adjacent property and is currently ongoing. No human casualties occurred, and the company has adequate insurance. No material impact on operations is anticipated while loss assessments continue.
Fujiyama Power Systems Limited reported a BIS search and seizure operation at its Bawal facility on April 28, 2026. Products worth ₹1.9 Crore were seized due to alleged non-compliance with BIS standards. The company stated that business operations continue as usual and it is seeking legal advice for the release of the seized goods.
MT Educare Limited reported a default on principal and interest repayments totaling ₹32.33 Crore to lenders including Axis Bank and Prudence ARC. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) following an NCLT order dated December 16, 2022. Investor caution is advised given the ongoing insolvency proceedings and debt defaults.
PG Foils Limited reported a fire at its Pipalia Kalan manufacturing plant on April 29, 2026. The incident damaged a roughing machine with an estimated loss of ₹4 Crore to ₹5 Crore. No injuries occurred, and partial operations are temporarily suspended. The company has adequate insurance coverage and is investigating the root cause.
IP Rings Limited has mutually agreed with Nippon Piston Rings Co. Ltd (NPR) to terminate their Share Subscription and Technical Assistance agreements. NPR holds a 5.56% stake in the company. IP Rings will continue to access NPR's existing and future technologies, including PVD coating, without royalty obligations despite the formal termination.