Techindia Nirman Limited has received formal warning letters from both major Indian stock exchanges for failing to comply with mandatory disclosure requirements under SEBI regulations. The warnings, issued on February 24, 2026, highlight serious lapses in the company's reporting obligations during its ongoing Corporate Insolvency Resolution Process.

Warning Letters from Stock Exchanges

Both the National Stock Exchange of India Limited and BSE Limited issued warning letters to Techindia Nirman Limited on February 24, 2026. The letters reference specific compliance failures related to the company's Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016.

Corporate Insolvency Resolution Process Timeline

The warnings stem from events related to Techindia Nirman's CIRP proceedings. The company had submitted announcements on January 07, 2025 regarding the initiation of CIRP under Section 7 of the Insolvency and Bankruptcy Code by financial creditor Agri-Tech (India) Limited. A subsequent announcement was made on February 01, 2025 regarding post-facto intimation for the first meeting of the Committee of Creditors convened on January 30, 2025.

Regulatory Non-Compliance Issues

The stock exchanges identified multiple compliance failures under SEBI LODR Regulations 2015. According to Regulation 30 read with sub-para 16 of Para A of Part A of Schedule III, listed entities must disclose CIRP-related events within prescribed timelines. Additionally, financial default disclosures are required under Regulation 30 read with sub-para 06 of Para A of Part A of Schedule III.

The specific non-compliances observed include:

• Missing disclosures: The company failed to submit required disclosures for financial default and the application filed by the financial creditor
• Delayed submissions: Disclosures for CIRP initiation with NCLT Order and appointment of Resolution Professional were submitted with significant delays
• Timeline violations: The delays violated prescribed timelines under SEBI regulations and related circulars

Company Response and Corrective Measures

Techindia Nirman Limited acknowledged the observations made in the warning letters through its Chief Financial Officer, Sunil Dixit. The company expressed sincere regret for the delays in submitting disclosures relating to financial default and CIRP initiation. The management attributed the delays to operational reasons and confirmed that necessary corrective and preventive measures have been implemented to avoid future recurrence.

The company has been advised to place the warning letters before its Board of Directors along with details of corrective measures taken. Both exchanges emphasized that future aberrations will be viewed seriously and may result in appropriate regulatory action.

Regulatory Framework and Future Compliance

The warning letters reference the comprehensive regulatory framework governing listed entity disclosures, including the SEBI Master Circular for compliance with SEBI LODR Regulations 2015, issued on July 11, 2023, and last updated on January 30, 2026. Section V-B specifically addresses disclosures by listed entities regarding defaults on payment of interest or repayment of principal amounts on loans from banks, financial institutions, and unlisted debt securities.

Both NSE and BSE have made it clear that the company must exercise due diligence and maintain strict compliance with applicable SEBI LODR provisions and related circulars to avoid serious regulatory consequences in the future.