India Merger Acquisition MCA Regulatory Filings — May 15, 2026

15-05-2026

The Board of Directors of Welspun Living Limited approved the audited consolidated and standalone financial results and statements for the quarter and year ended March 31, 2026, along with recommending a dividend of Re. 0.10 per equity share (10%) subject to shareholder approval, with record date July 10, 2026. The Board also approved a buyback of up to 1,44,00,000 equity shares at Rs. 175 per share for an aggregate of Rs. 252 Crore (1.50% of paid-up equity capital), and the acquisition of 48,599 equity shares (26% stake) in CleanMax Dhyuthi Private Limited for Rs. 760 Lakhs from promoter group entity Welspun Corp Limited to enhance renewable energy supply to the Vapi factory. Additionally, Mr. Altaf Jiwani resigned as Whole-time Director & COO effective May 31, 2026, and Mr. Keyur Parekh was appointed as Whole-time Director effective June 1, 2026.

• · Buyback record date: May 22, 2026.
• · Acquisition expected completion: August 31, 2026.
• · Dividend record date: July 10, 2026.
• · Pre-buyback shareholding: Mutual Funds etc. 11.19%, FPIs 4.93%, Indian Public 12.62%.

15-05-2026

ITC Hotels Limited has executed a Share Purchase Agreement, approved by the Board on May 15, 2026, to acquire 100% share capital of Zuri Hotels and Resorts Private Limited (ZHRPL) for an enterprise value of ₹ 205 crores on a cash-free, debt-free basis, with cash consideration not exceeding ₹ 175 crores; completion expected in about 7 working days. The acquisition targets a hospitality asset, 'The Zuri Kumarakom, Kerala Resort & Spa' (72 keys over 18 acres), to strengthen ITC's luxury portfolio through rebranding and value uplift. However, ZHRPL's turnover remained largely flat over the last three years: ₹ 21.58 crores (2023-24), ₹ 21.97 crores (2024-25), and ₹ 21.91 crores (2025-26).

• · ZHRPL registered office in Goa, India; date of incorporation 21-04-2012.
• · No related party transaction; no interest by promoters/group.
• · No governmental or regulatory approvals required.
• · Board meeting on May 15, 2026, commenced 1:50 p.m., concluded 3:10 p.m.
• · Resort includes a bar and ayurvedic spa.

15-05-2026

Kroll Trustee Services (HK) Limited, acting as agent for lenders under an Amended Facility Agreement dated 13 May 2026 (amending a prior US$350,000,000 facility), has disclosed a continuing encumbrance (negative lien) over 2,204,724,753 equity shares (56.38%) of Vedanta Limited held by VRL Group subsidiaries including TSHL, VHMLII, and Welter. This maintains the pre-existing encumbrance structure with no change in holdings, voting rights, or actual share transfers, but restricts further encumbrances on VEDL shares by obligors. The disclosure is made under SEBI Takeover Regulations 29(1) and 29(4) due to the substantial nature of the pledges.

• · Encumbrance pursuant to prior facility agreements dated 17 April 2025, 24 June 2025, and 30 January 2026 (disclosures on 17 April 2025, 25 June 2025, 02 February 2026).
• · VRL Group directly or indirectly owns at least 50.1% of VEDL's issued equity share capital.
• · PAN of acquirer (Kroll): AAKCM1047N.

15-05-2026

Pankaj Polymers Ltd (BSE: 531280) has made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE, pertaining to Pankaj Strips Pvt Ltd. No details on transaction value, shareholding changes, percentages, or financial metrics are provided in the filing. This is a regulatory compliance filing indicating a substantial acquisition event, but lacks quantitative or strategic specifics.

15-05-2026

Gogia Commodity Trading Private Limited acquired 150,000 equity shares (2.37% stake) of Gogia Capital Growth Limited via off-market transfer on May 14, 2026, pursuant to disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This increased their shareholding from 458,202 shares (7.25%) to 608,202 shares (9.62%). No financial performance metrics or declines were reported in the filing.

• · Acquirer does not belong to Promoter/Promoter group
• · Scrip Code: 531600
• · Disclosure date: May 15, 2026
• · Place of signing: Delhi

15-05-2026

Arvind SmartSpaces Ltd (539301) has made disclosures under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ketan Patel. This indicates notifications related to substantial acquisition of shares or changes in shareholding thresholds by Ketan Patel. No quantitative details such as share counts, percentages, deal values, or financial impacts are disclosed in the filing.

15-05-2026

BSE received a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Touristas Horizons P Ltd & Others pertaining to Switching Technologies Gunther Ltd (BSE: 517201). This is an initial intimation of proposed substantial acquisition of shares. No details on deal structure, valuation, shareholding changes, or financial metrics are disclosed in the filing.

15-05-2026

Pri Caf Private Limited, acting in concert as part of the promoter/promoter group, acquired 4,00,000 equity shares of Re. 1/- each (0.0440% of total share capital) in Paisalo Digital Limited on May 15, 2026 through open market purchase. This increased their shareholding from 2,50,48,400 shares (2.7540%) to 2,54,48,400 shares (2.7980%). The total equity share capital of Paisalo Digital Limited remains Rs. 90,95,21,874/- divided into 90,95,21,874 equity shares of Re. 1/- each, with no change in diluted share/voting capital.

• · Disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
• · Scrip Code: 532900; Scrip Symbol: PAISALO.
• · Mode of acquisition: Open Market.
• · No shares in encumbrance, warrants, or convertible securities held.

15-05-2026

Blue Diamond Properties Private Limited, along with persons acting in concert, acquired an additional 10,22,218 shares (0.40% of voting capital) of Greenlam Industries Limited on May 13, 2026 via open market purchase, increasing their total holding from 3,80,03,743 shares (14.89%) to 3,90,25,961 shares (15.30%). This disclosure is pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, filed with BSE on May 15, 2026. No encumbrances, warrants, or other instruments were involved, and the company's total equity share capital remains at 25,51,47,702 shares.

• · Disclosure submitted to Bombay Stock Exchange on May 15, 2026.
• · Mode of acquisition: Open market purchase.
• · Acquirer is not a Promoter/Promoter Group member.
• · No shares encumbered, no voting rights otherwise than by shares, no warrants or convertible securities.

15-05-2026

The National Company Law Tribunal (NCLT) Bengaluru Bench sanctioned the Scheme of Merger by Absorption of four wholly-owned subsidiaries—KELBUZZ Trading Private Limited, Luxquisite Parkland Private Limited, SLPKG Estate Holdings Private Limited, and SKG Terra Promenade Private Limited—into Kirloskar Electric Company Limited (KECL), effective from the Appointed Date of April 1, 2024, via order dated April 30, 2026, received by the company on May 15, 2026. The Regional Director (RD) and Registrar of Companies (ROC) noted that the transferor companies are loss-making entities, while KECL is profit-making, with receivables from subsidiaries at Rs. 111.5 Cr (Rs.84 Cr provisioned), outstanding MSME dues of Rs. 670.79 lakhs, and undisputed statutory dues of Rs.607.48 lakhs (KECL) and Rs. 11,35,000 (Transferor Company-3). Additional observations include open charges requiring NOCs, pending inquiries, and a complaint from the erstwhile company secretary.

• · Meetings of equity shareholders, secured and unsecured creditors dispensed with vide NCLT order dated April 24, 2025.
• · Transferor companies hold major equity shares (approx. 99.999%) by KECL with minimal nominee holdings.
• · Transferee Company has open charges requiring No Objection Certificates from charge holders.
• · Pending inquiry u/s 206(4) against Transferee Company and complaint by erstwhile company secretary under examination by ROC.
• · Company to furnish undertakings for settling MSME/statutory dues, compliance with preservation of books u/s 239, and liability continuity u/s 240.

15-05-2026

Rajratan Global Wire Limited's wholly owned subsidiary, Rajratan Thai Wire Co. Limited, acquired land measuring 2.42124 acres and a building of 3,053.5 square metres in Ratchaburi, Thailand, near existing manufacturing facilities. This acquisition supports the company's long-term expansion strategy and is expected to enhance operational capabilities. No financial details or performance metrics were disclosed.

• · Acquisition location: 155/29 Moo 4, Petkaseam Road, Tambol Chetsamian, Amphur Potharam, Ratchaburi 70120, Thailand
• · Intimation filed with BSE Limited (Scrip Code: 517522) and National Stock Exchange of India Limited (Symbol: RAJRATAN)

15-05-2026

Somany Ceramics Limited's Board approved the audited standalone and consolidated financial results for the quarter and FY ended March 31, 2026, along with an unmodified auditor's opinion from M/s. Singhi & Co., and recommended a final dividend of Rs. 2 per share (100% on Rs. 2 face value), subject to AGM approval. The Board also appointed M/s. Grant Thornton Bharat LLP as internal auditor for FY 2026-27 and approved investment of up to Rs. 8 Crores in equity shares of associate M/s. Vintage Tiles Private Limited (VTPL). However, VTPL's turnover declined 6.3% YoY to Rs. 11,626.98 Lakhs in FY 2025-26 from Rs. 12,405.89 Lakhs in FY 2024-25, and 16.6% from Rs. 14,870.52 Lakhs in FY 2023-24.

• · VTPL incorporated on September 6, 2010
• · Board meeting held on May 15, 2026, from 1:15 P.M. to 4:15 P.M.
• · Dividend payable within 30 days of AGM approval
• · Investment in VTPL to be in one or more tranches on arm's length basis

15-05-2026

Waaree Power Private Limited (WPPL), a wholly owned subsidiary of Waaree Energies Limited, completed the acquisition of 100% equity stake in Waaree Semicon Private Limited (WSPL) for a total consideration of INR 1 lakh on May 15, 2026. WSPL has become a step-down subsidiary of Waaree Energies Limited effective the same date. This follows the company's prior disclosure on April 29, 2026.

• · Intimation from WPPL received at 16:45 p.m. (IST) on May 15, 2026
• · Scrip Code: 544277; Trading Symbol: WAAREEENER
• · Information available on company website: www.waaree.com

15-05-2026

The Board of Directors of Mukka Proteins Limited approved the incorporation of Lanka Bio Proteins Private Limited in Sri Lanka on May 15, 2026, to expand international business operations in manufacturing and trading of marine products. The company proposes to invest up to Rs. 2,50,00,000 (₹2.5 Cr) for approximately 49% stake in the entity with proposed capital of Rs. 3,60,00,000 (₹3.6 Cr), with completion targeted by December 31, 2026. No related party transactions are involved, and reporting to RBI under FEMA regulations is required.

• · No related party transactions; conducted at arm's length.
• · Industry: Manufacturing and trading of marine products and other allied activities.
• · Regulatory requirement: Reporting to Reserve Bank of India under Foreign Exchange Management (Overseas Investment) Regulations, 2022.
• · Board meeting held on May 15, 2026, from 3:20 p.m. to 3:55 p.m.

15-05-2026

Blue Coast Hotels Limited filed a Merger/Acquisition document on May 15, 2026. The filing includes digital signatures from Sushil Suri, dated May 15, 2026, at 16:22:50 and 16:23:16 +05'30'. No specific details on the merger or acquisition terms, financials, or parties involved are provided in the available content.

• · Digital signatures timestamped at 16:22:50 +05'30' and 16:23:16 +05'30' on May 15, 2026

15-05-2026

Tata Steel's Board approved audited standalone and unaudited consolidated financial results for FY2026 ended March 31, 2026, with an unmodified auditor opinion, and recommended a ₹4 per share dividend (400%) subject to shareholder approval at the July 2, 2026 AGM. The Board also approved the acquisition of a 23% equity stake (41,40,000 shares) in TMILL for ₹335 crore, increasing ownership to 74%. However, Tata Steel Netherlands faces ongoing regulatory challenges, including over €20 million in FY2026 penalties and a material going concern uncertainty due to potential early closure of coke and gas plants.

• · Record date for dividend: Friday, June 12, 2026
• · AGM scheduled: Thursday, July 2, 2026
• · Dividend payment from: Monday, July 6, 2026 (if approved)
• · TMILL JV structure pre-acquisition: Tata Steel 51%, NYK 26%, IQ 23%
• · Joint Venture Agreement dated July 26, 2001, and Deed of Adherence dated November 26, 2009 to be terminated post-transaction
• · Acquisition subject to Competition Commission of India and other approvals
• · TSN coke ovens age: 40-50 years old

15-05-2026

Race Eco Chain Limited's material subsidiary, M/s. Ganesha Recycling Chain Pvt Ltd, executed an Admission cum Reconstitute deed on May 15, 2026, acquiring 51% stake in M/s. Shubhlaxmi Ecoplast LLP through a fixed capital contribution of Rs. 2,30,00,000, making it a step-down subsidiary. The acquisition expands the group's recycling business in plastics and polymers, with the target reporting turnover of 80.24 Lac in 2025. No promoter group interest or related party transaction involved, and no regulatory approvals required.

• · No interest from promoters, promoter group, or group companies in the acquired entity.
• · Acquisition not classified as a related party transaction.
• · No governmental or regulatory approvals required.

15-05-2026

Novus Loyalty Limited submitted a disclosure under Regulation 31(4) of SEBI (Substantial Acquisitions of Shares and Takeovers) Regulations, 2011, stating that the Promoter and Promoter Group made no encumbrances of shares, directly or indirectly, during the financial year ended March 31, 2026. The declaration was provided by Deepak Tomar, Promoter & Managing Director, and forwarded by Vibhore Rastogi, CFO/Compliance Officer. This is a nil disclosure with no changes in promoter share encumbrances.

• · Scrip Code: 544735
• · SYMBOL: NOVUS
• · CIN No: U72900HR2011PLC127344
• · Disclosure date: May 9, 2026

15-05-2026

Symphony Limited's Board approved a balance sheet reset for its Australia business, recognizing cumulative standalone losses of ~₹60 crore in CTPL over the last two years (~₹33 crore in FY 2025-26) and impairments including ₹298 Cr on standalone equity investments in CHPL (plus ₹50 Cr prior) and ₹259 Cr consolidated (goodwill ₹173 Cr, PPE/intangibles ₹35 Cr, etc.). The Company is acquiring CTPL's intellectual property rights for ~₹23 Cr and 100% of Bonaire USA LLC for ~₹30 Cr to improve ownership clarity, isolate the profitable U.S. business (turnover US$5.1M), and enable strategic flexibility, while committing no further capital allocation to Australian subsidiaries beyond these transactions. Recent deleveraging included ₹165 Cr infusion, reducing interest burden by ~₹12 Cr.

• · Trading window closed since April 01, 2026, until 48 hours after announcement.
• · Victorian Government ban on new gas connections effective January 1, 2024.
• · Bonaire USA LLC turnover: US$ 5,117,991 for FY ended March 31, 2026.

15-05-2026

CIE Automotive India Limited has subscribed to 4,80,000 equity shares of Rs. 10 each in Suryadeep GJ3 Project Private Limited for Rs. 48,00,000, acquiring a 26.09% stake and making Suryadeep an Associate effective May 15, 2026. The investment enables CIE to qualify as a captive consumer for a 1.6 MWp solar power plant to optimize power costs at its Rajkot, Gujarat factories. No financial impact or operational details from Suryadeep are available as commercial operations have not commenced.

• · Suryadeep GJ3 Project Private Limited incorporated on 1st November, 2024 (CIN: U35105GJ2024PTC156141)
• · Suryadeep previously 100% subsidiary of InSolare Energy Limited
• · No governmental or regulatory approvals required; transaction completed on 15th May, 2026
• · Not a related party transaction; no promoter/promoter group interest

15-05-2026

Primo Chemicals Limited has executed a Power Purchase Agreement (PPA) with TPCS Private Limited and a Share Subscription and Shareholders' Agreement (SSSHA) with TPCS Private Limited, Sun Photonics Private Limited, and Arpa Infrastructure Developers Private Limited. The Company will subscribe to 26% of the equity capital in the SPV for developing, owning, and operating a 49.998 MW AC Solar Power Plant under captive mode on OPEX model, for a consideration of ₹21 Cr. The agreements provide Primo with pari passu rights, right of first refusal, and various protective covenants restricting actions by promoters without prior intimation.

• · Earlier disclosures: January 16, 2026 and May 5, 2026.
• · Execution date: May 15, 2026.
• · Transaction not related party; at arm's length.
• · Promoters cannot undertake actions like issuing new securities, incurring indebtedness beyond limits, mergers, or changes in capital structure without prior written intimation to Primo.

15-05-2026

The Board of Classic Filaments Limited approved a preferential allotment of 47,17,740 equity shares at Rs. 51.50/- each to 53 non-promoter investors, raising ₹242963610, and the acquisition of 51% stake in Procasts Engineering Private Limited (provisional FY26 turnover Rs. 31.20 crores, down ~19.5% YoY from Rs. 38.75 crores in FY25) and 75% in Solven Power Systems Private Limited (provisional FY26 turnover Rs. 34.50 Crores). Additional approvals include increasing borrowing limits and Section 186 investment thresholds to 100 crores each, re-appointment of key directors including Vikkas Bansal as Chairman & MD, adoption of new MOA/AOA, and opening a new Information Technologies division, all subject to shareholder approval at an upcoming EGM.

• · Board meeting held on May 15, 2026, from 05:00 P.M. to 06:30 P.M. at 74, Janpath, New Delhi.
• · Acquisition completion indicative timeframe: 60-90 days from preferential issue funds.
• · Acquisitions are related party transactions at arm's length; targets in Aluminium Die Casting and Structural Steel Fabrication.
• · Procasts Engineering incorporation date: 22/07/2021.

15-05-2026

The Board of Autoline Industries Limited approved the audited standalone and consolidated financial results for the quarter and FY ended March 31, 2026, which received a qualified opinion from auditors due to Rs. 596.80 Lakhs MAT credit deemed unlikely to be utilized, overstating total comprehensive income and retained earnings. The Board also approved the Scheme of Amalgamation of wholly-owned subsidiary Autoline Design Software Limited into the Company, subject to approvals, and appointed P G Bhagwat LLP as Internal Auditor for FY 2026-27. Additionally, it noted the resignation of Non-Executive Nominee Director Mr. Siddarth Somnath Razdan effective May 15, 2026, and an emphasis of matter on a net contingent liability of Rs. 530.88 Lakhs from a US court judgment.

• · Trading Window for dealing in securities reopens on May 18, 2026.
• · Board meeting held on May 15, 2026, commenced at 11:00 A.M. (IST) and concluded at 07:30 P.M. (IST).
• · US court judgment dated February 17, 2026, passed by Circuit Court of Oakland, State of Michigan.

15-05-2026

Adani Ports and Special Economic Zone Limited's step-down subsidiary, The Adani Harbour International FZCO (TAHID), entered into a Share Purchase Agreement on May 15, 2026, to acquire a 51% stake in Meridian Transportes Marítimos S.A. for USD 444.49, establishing a joint venture for maritime services in Argentina leveraging a 10-year contract for six vessels with Southern Energy S.A. The target entity, incorporated in September 2023, reported net losses of USD 698 (FY2023) and USD 848 (FY2024) before achieving a net profit of USD 1,499 (FY2025).

• · Transaction expected to complete within 4 months from May 15, 2026.
• · No governmental or regulatory approvals required.
• · TAHID to sell 20% stake in a new UAE company for vessel ownership to affiliate of Logística y Servicios Marítimos S.A.
• · Target incorporated September 19, 2023; registered October 20, 2023; contract with Southern Energy S.A. executed December 22, 2025.
• · Not a related party transaction.

15-05-2026

DCM Limited (BSE: 502820) has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Yuv Bharat Ram and Rahil Ram. This filing indicates an intention to acquire shares in DCM Limited that may cross substantial acquisition thresholds. No details on deal structure, share count, percentage stake, valuation, or transaction type are disclosed.

15-05-2026

BSE received a disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Deepak Builders and Engineers India Ltd (544276) on May 14, 2026, pertaining to Deepak Kumar Singal. This filing indicates compliance with SAST requirements for substantial acquisition or change in shareholding. No specific details on transaction value, shareholding percentages, or changes were disclosed.

15-05-2026

Anand Rathi Financial Services Limited (ARFSL), a key promoter holding 19.92% (1,65,34,758 shares) in Anand Rathi Wealth Limited, created a pledge on 30,43,000 equity shares (3.67% of total share capital) on May 13, 2026, to avail margin money in favor of Yes Bank. Post-event, ARFSL's total encumbered shares increased to 38,63,000 (4.65%), up from the previous 8,20,000 (0.99%). This disclosure was filed on May 14, 2026, under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

• · Minor previously encumbered shares among other PACs: Asha Kailash Biyani (4,500 shares, 0.01%), Anand Rathi IT Private Limited (97,000 shares, 0.11%), Aqua Proof Wall Plast Private Limited (1,24,500 shares, 0.15%).
• · ARFSL total promoter group holdings listed across multiple PACs, with ARFSL at 19.92% being the largest.

15-05-2026

Premier Polyfilm Ltd (BSE: 514354) filed revised disclosures under Regulations 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on May 14, 2026, pertaining to D L Millar & Co Ltd. No specific details on shareholding changes, acquisition terms, transaction values, or stake percentages are disclosed in the filing. This is an informational SAST compliance update with no quantitative metrics provided.

• · Disclosure received on May 14, 2026
• · Revised filing indicates potential update to prior shareholding disclosure, but specifics NOT_DISCLOSED

15-05-2026

PNGS Reva Diamond Jewellery Ltd (544718) has made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on May 15, 2026, from Govind Gadgil & PACs. This filing indicates an intention to acquire shares in the company that may result in crossing substantial acquisition thresholds. No details on deal size, share count, percentage change, valuation, or transaction structure are disclosed.

15-05-2026

BSE received a disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from V S Dempo Holdings Pvt Ltd for Goa Carbon Ltd on May 14, 2026. No specific details on shareholding changes, transaction values, or acquisition particulars are provided in the filing. This is an informational SAST compliance notice with no quantitative metrics or further context disclosed.

15-05-2026

Kreon Financial Services Limited acquired 6,828 equity shares (0.58%) of Kairosoft AI Solutions Limited on May 13, 2026 via open market, increasing its voting rights holding from 58,717 shares (4.96%) to 65,545 shares (5.54%), thereby crossing the 5% threshold. This triggers disclosure under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 Regulation 29(1). No encumbrances, sales, or convertible securities involved.

• · Mode of acquisition: Open Market
• · Scrip Code: 530139
• · PAN of Acquirer: AAACT1144R
• · Acquirer not part of Promoter/Promoter group
• · No shares in encumbrance, no warrants/convertible securities

15-05-2026

Promoters/Promoter Group of Greenply Industries Limited, with Shakuntala Safeinvest Private Limited as the primary acquirer, purchased 38,200 equity shares on the open market on 13.05.2026, increasing the aggregate promoter holding from 64,817,380 shares (51.89%) to 64,855,580 shares (51.93%). Shakuntala Safeinvest's stake rose marginally from 46,748,579 shares (37.43%) to 46,786,779 shares (37.46%), with no disposals or encumbrances reported. This disclosure complies with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

• · Mode of acquisition: Open Market.
• · No shares encumbered, no warrants/convertibles, no voting rights changes outside equity shares.
• · Filing date: 14.05.2026 to NSE and BSE.

15-05-2026

Catalyst Trusteeship Limited, acting as Debenture Trustee for holders of ₹390 Cr debentures issued by Zenrock Chemicals Private Limited, created a pledge over an additional 24,44,534 equity shares (7.62%) of Indo Borax Chemicals Limited on May 12, 2026, increasing total encumbered shares to 1,23,26,764 (38.42%) from 98,82,230 (30.80%). This represents a substantial rise in pledged holdings with no change in voting rights or ownership. The total equity share capital remains at ₹3,20,90,000 (3,20,90,000 shares of ₹1 each).

• · Disclosure filed pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
• · Catalyst Trusteeship Limited does not belong to Promoter/Promoter group
• · Mode of acquisition: creation of pledge over equity shares
• · Letter dated May 14, 2026

15-05-2026

Praveen Jaswant Rai Jain, Managing Director and Promoter of Shashank Traders Limited, fully disposed of his 8,24,600 equity shares representing 26.65% of the company's total share capital at Rs. 30 per share, for a total consideration of Rs. 2,47,38,000 via off-market transaction on May 7, 2026. Post-transaction, his holding reduced to zero. The company's total equity share capital remains Rs. 3,09,38,000 comprising 30,93,800 shares of Rs. 10 each.

• · Scrip codes: BSE - 30005, CSE - 540221
• · ISIN: INE508R01018
• · Date of transaction: 07/05/2026
• · Date of disclosure: 14/05/2026
• · Mode of sale: Off-market

15-05-2026

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Authum Investment & Infrastructure Ltd pertaining to Veranda Learning Solutions Ltd (543514). This filing signals Authum's intention to acquire shares in Veranda that may cross substantial acquisition thresholds. No quantitative details such as deal size, share count, percentage stake, valuation, or transaction structure are disclosed.

15-05-2026

Akhil Mittal, a promoter of Raama Finance Limited (formerly Ramchandra Leasing and Finance Limited), disclosed the acquisition of 75,00,000 convertible warrants via preferential allotment on May 12, 2026, under SEBI (SAST) Regulation 29(2). This increases his total holding (shares + warrants) to 2,97,89,981, representing 27.46% of total share/voting capital and 15.26% of diluted capital (total diluted: 19,51,62,000), while his shares remain unchanged at 2,22,89,981 (27.46% total share capital, 11.42% diluted). The acquisition introduces dilution potential but strengthens promoter control with no change in current voting rights.

• · Disclosure filed on May 14, 2026 to BSE Limited.
• · Mode of acquisition: Preferential Allotment.
• · No encumbrances or changes in voting rights otherwise than by shares.

15-05-2026

BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Varsha Chauhan pertaining to Magellanic Cloud Limited (538891). This filing indicates an intention to acquire shares that may cross or further encroach 5% shareholding thresholds, as per SAST norms. No further details such as share count, percentage change, deal value, or transaction structure are disclosed.

15-05-2026

Wasatch Advisors LP disclosed under SEBI (SAST) Regulation 29(2) the open market sale of 1,856,571 shares of Five-Star Business Finance Ltd on May 13, 2026, reducing its voting rights holding from 15,910,336 shares (5.4013%) to 14,053,765 shares (4.771%), a decline of 0.6303 percentage points. The company's total equity share capital and voting capital remained at Rs. 294,566,200.00 with 294,566,200 shares. This transaction crossed the 5% threshold downward.

• · Wasatch Advisors LP does not belong to Promoter/Promoter group.
• · No shares encumbered, no warrants/convertible securities held.
• · Disclosure intimated on May 14, 2026; filing references scrip codes FIVESTAR (NSE), 543663 (BSE).

15-05-2026

SMALLCAP World Fund, Inc. disclosed a net sale of 14,364,701 shares (3.3875% stake) in IIFL Finance Ltd. on May 13, 2026, via open market, reducing its holding from 22,082,233 shares (5.2022%) to 7,717,532 shares (1.8147%). The company's equity share capital increased slightly from 424,479,416 to 425,289,575 shares post-transaction, with no changes in encumbrances, voting rights, or convertible securities.

• · Disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
• · ISIN of target: INE530B01024.
• · Intimation date: May 14, 2026; Place: Los Angeles, California.

15-05-2026

True Colors Limited informed BSE on May 15, 2026, about receiving an observation letter dated May 14, 2026, from BSE with no adverse observations on the proposed Scheme of Amalgamation (Merger by Absorption) of True Colors Limited (Transferee) with Inkia Inks Private Limited (Transferor), allowing filing with NCLT. The letter mandates extensive disclosures to shareholders, including financials for last 3 years, valuation reports, impacts on revenue and shareholders, ongoing proceedings against promoters/directors, and shareholding details pre/post-scheme. The scheme remains subject to NCLT approval, shareholder/creditor consents, SEBI circular compliances, and the observation letter's validity of six months from May 14, 2026.

• · Observation letter requires disclosure of Revenue, PAT, and EBITDA for last 3 years and latest financials not older than 6 months for all entities.
• · SEBI comments include ensuring demat form for new shares, no changes to scheme without consent, and incorporation of observations in NCLT petition.
• · Additional disclosures mandated: impact of scheme on revenue capacity, rationale/synergies, projections for valuation, assets/liabilities transferred, lender NOCs, and pre/post shareholding patterns.
• · Letter available on company website: www.truecolorsgroup.com.

15-05-2026

Emrock Corporation Limited (formerly Vaghani Techno-Build Limited) acquired 50.49% equity shares of Emrock Energy Private Limited through subscription to preferential allotment/private placement at face value of Rs. 10 per share, making it a subsidiary effective May 15, 2026. Emrock Energy Private Limited, incorporated on May 6, 2025, has authorised and paid-up share capital of Rs. 1,00,00,000/- (Rupees One Crore) each, divided into 10,00,000 equity shares of Rs. 10/- each, with NIL turnover for 2025-26. The transaction is classified as a related party transaction due to overlapping directors but conducted at arm's length based on a registered valuer's report.

• · Emrock Energy Private Limited registered address: 715, ANUSHRI ACCOLADE-2, SCIENCE CITY ROAD, SOLA, Ahmedabad, Gujarat, India, 380060.
• · Turnover for 2024-25 and 2023-24: Not applicable.
• · Scrip Code: 531676.