Download the app
App StorePlay Store
Beige
Login
← All tags

corporate governance

RentoMojo IPO in Jeopardy as Ex Cofounder Ajay Nain Alleges Forced, Undervalued Exit Deal

RentoMojo IPO in Jeopardy as Ex Cofounder Ajay Nain Alleges Forced, Undervalued Exit Deal

Ajay Nain, former COO and cofounder of IPO-bound RentoMojo, has petitioned NCLT Bengaluru claiming he was pushed out through a misleading, undervalued share sale in 2023. He alleges fraud and pressure to sell his 9.41% stake, while later buyouts and funding priced shares much higher—casting doubt on the “financial stress” narrative and potentially stalling the proposed IPO.

Summarised by Beize from a story on Inc42 on 24 Apr 2026
Shankara Buildpro’s stock collapse explained from blockbuster listing to sharp tumble

Shankara Buildpro’s stock collapse explained from blockbuster listing to sharp tumble

Shankara Buildpro surged after its stellar listing, but the stock later crashed from INR460 to INR2,365 and then tumbled. The decline isn’t just market mood: analysts point to flaws in the business model, repeated strategy shifts, mismatches between reported performance and on-ground conditions, and concerns around corporate governance.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

Your news, in seconds

App StorePlay Store
Net worth gets used to mask bad news and confuse investors

Net worth gets used to mask bad news and confuse investors

Companies are increasingly leaning on “net worth” to blur the impact of financial discrepancies that must be disclosed to investors. While firms argue it cushions negative readings, experts say the practice is misleading and investor-unfriendly. Regulators may need to step in, the warning goes, to prevent metric swapping from undermining transparent reporting.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
SAT overturns regulator action after independent directors push back on PFS governance

SAT overturns regulator action after independent directors push back on PFS governance

An appellate tribunal has overturned a decisive regulatory action linked to the PFS episode, after vocal independent directors argued the matter was never a simple corporate spat. They claim the “rule of law collapsed” under former management. With calls growing for regulators to appeal, ex-CEO Pawan Singh says the SAT order strengthens confidence in value-based corporate governance.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
SFIO widens probe into IndusInd Bank after ₹2000 crore derivatives irregularities

SFIO widens probe into IndusInd Bank after ₹2000 crore derivatives irregularities

The SFIO has expanded its investigation into IndusInd Bank’s derivatives portfolio, estimating irregularities linked to losses of around ₹2,000 crore. The probe also involves summoning major audit firms that worked with the bank over the past decade, after questioning former officials. Investigators will focus on corporate governance lapses and potential accounting discrepancies.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
ED alleges Amtek heist forced investors into rigged equity conversions worth INR 1000 crore

ED alleges Amtek heist forced investors into rigged equity conversions worth INR 1000 crore

The ED says an Amtek group company trapped foreign investors by forcing Foreign Currency Convertible Bond holders to convert into equity at artificially rigged prices. The agency claims the manipulation was enabled through siphoned loan funds, effectively steering conversions to benefit insiders while leaving investors exposed. Authorities are treating the episode as a major alleged fraud linked to INR 1000 crore-scale wrongdoing.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

Never miss a story

App StorePlay Store
IndiGo board preached governance with top names yet missed key FDTL fallout

IndiGo board preached governance with top names yet missed key FDTL fallout

IndiGo’s board features heavyweight governance and policy veterans, including former SEBI and NITI Aayog leaders alongside aviation experts. But critics question whether such expertise should have driven earlier scrutiny of the FDTL regulations’ implications and ensured operational preparedness. Corporate-governance observers suggest the core issue may have been a failure to ask the right questions in time, as fallout followed.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Proxy firms push investors to reject Shriram Finance deal with MUFG over control fears

Proxy firms push investors to reject Shriram Finance deal with MUFG over control fears

Proxy advisory firms SES and IIAS have urged investors to vote against resolutions needed to operationalise Shriram Finance’s deal with MUFG. Their concern: special rights that place MUFG in a “driver seat” role and a non-compete fee paid to promoters. Shriram Finance counters that the rights are protective and do not dilute promoter control, and says the fee benefits all shareholders.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Sebi report revives Indiabulls YES Bank controversy with quid pro quo loan claims

Sebi report revives Indiabulls YES Bank controversy with quid pro quo loan claims

A Sebi report has reopened the Indiabulls YES Bank saga, citing prima facie evidence that loans were routed between promoter-linked entities via IHFL and other NBFCs on a quid pro quo basis. The findings were reportedly sent to the banking regulator in 2022. Sammaan Capital argues such SPV-backed lending is common in real estate and denies any link to Sameer Gehlaut.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Bira 91 faces founder removal as employees back the board against bad moves

Bira 91 faces founder removal as employees back the board against bad moves

Bira 91, the venture-backed beer brand, is reportedly moving toward founder removal after the board backed action over poor business decisions. Unlike many such cases where employees remain silent, insiders say the staff actively triggered or supported the motion, signaling a rare internal push during a corporate turning point.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

Reading on mobile?

App StorePlay Store
Anil Agarwal’s past troubles resurface as Vedanta demerger deadline tightens

Anil Agarwal’s past troubles resurface as Vedanta demerger deadline tightens

Vedanta’s demerger plan is running into new hurdles as the deadline nears, putting pressure on Anil Agarwal’s team. The split is seen as critical to tackling debt and governance concerns while unlocking shareholder value. With the clock ticking, the Agarwals will need to push through the latest obstacles to keep the plan on track.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Sebi WTM Mohanty says CFOs should catch fraud early, not after the damage is done

Sebi WTM Mohanty says CFOs should catch fraud early, not after the damage is done

Sebi’s WTM Mohanty said many frauds could have been prevented if CFOs acted as the first line of control over management activities. Speaking at a CFO summit organised by FICCI, he argued that stronger oversight and earlier checks could have reduced wrongdoing, implying that accountability within firms should begin at the finance chief level.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
IDBI banker tied to Amtek loan skimming as Delhi properties allegedly shift to ex MD family

IDBI banker tied to Amtek loan skimming as Delhi properties allegedly shift to ex MD family

A new corporate governance allegation claims that money siphoned from Amtek group loans was used to buy multiple properties in Delhi NCR. Prosecutors say these homes and flats, valued at over INR 30 crore, were then allegedly transferred to former managing director RM Malla and his family for little or no consideration, raising questions about IDBI’s role.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
PTC Financial sees mass independent director resignations as governance concerns flare again

PTC Financial sees mass independent director resignations as governance concerns flare again

Three independent directors of PTC Financial resigned abruptly on Friday, reigniting scrutiny over the company’s corporate governance. The move comes as longstanding governance problems appear to be resurfacing. With directors stepping down at once, stakeholders are now likely to closely examine what went wrong and how the board plans to restore confidence.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

Follow your favourite sources

App StorePlay Store
As IPO nears NSE eyes settlement of a long predatory pricing case

As IPO nears NSE eyes settlement of a long predatory pricing case

With its IPO approaching, the National Stock Exchange is reportedly seeking to settle a long-running predatory pricing dispute. The move aims to reduce legal uncertainty and prevent unpleasant surprises for investors after listing. While details of the case and timeline remain unclear, the intent is to clear risk factors ahead of a major market debut.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Median CEO pay in India hits Rs 10.5 crore as growth slows to pandemic lows

Median CEO pay in India hits Rs 10.5 crore as growth slows to pandemic lows

Median compensation for professional CEOs in India climbed 5% year-on-year to ₹10.5 crore in FY26, according to a Deloitte report. The increase is the slowest since the pandemic, with analysts linking the moderation to weaker equity market performance and mounting geopolitical risks that are making boards more cautious on pay.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Indiabulls Gehlaut case returns Supreme Court sparks fresh scrutiny and old allegations may revive

Indiabulls Gehlaut case returns Supreme Court sparks fresh scrutiny and old allegations may revive

Allegations against Indiabulls Housing Finance and its former promoter Sameer Gehlaut—including evergreening of loans, kickbacks, share manipulation and roundtripping—have lingered for years without traction. Now, a fresh Supreme Court communication could revive attention and accelerate the stalled proceedings. The big question: will this latest move finally turn old claims into actionable scrutiny?

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Viceroy attacks Vedanta bid to revive Electrosteel as audit red flags and cash drain spark alarm

Viceroy attacks Vedanta bid to revive Electrosteel as audit red flags and cash drain spark alarm

US shortseller Viceroy is pressuring Vedanta over its Electrosteel (ESL) turnaround story, alleging the company is guzzling cash and pointing to audit red flags. Vedanta counters that ESL is still a key subsidiary and says revenues have doubled since the takeover. The dispute adds fresh heat to corporate governance concerns around the deal.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

Stay informed on the go

App StorePlay Store
India Inc CEO exits surge in 2025 as top firms reshuffle leadership faster than before

India Inc CEO exits surge in 2025 as top firms reshuffle leadership faster than before

CEO and managing director departures are rising across India Inc in 2025, with notable increases across Nifty-50, Nifty-100 and Nifty-200 companies. The higher churn is attributed to a mix of retirements and resignations, alongside more frequent succession planning. The result is faster leadership turnover at large firms, reshaping boardroom expectations for the year.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
India Inc C-suite churn in 2025 hides a twist behind big CFO CEO COO moves

India Inc C-suite churn in 2025 hides a twist behind big CFO CEO COO moves

India’s C-suite mobility in 2025 looked paradoxical: CHROs and CSOs recorded the highest churn rates but accounted for a small slice of overall transfers. Meanwhile, CEOs, CFOs and COOs—though showing lower percentage turnover—sparked most leadership changes because their roles are more numerous, driving the majority of moves across firms.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Page 1

The full experience is on mobile.

Swipe through stories, personalise your feed, and save articles for later — all on the app.

Download on the App StoreGet it on Google Play