India Merger Acquisition MCA Regulatory Filings — May 19, 2026

19-05-2026

PNGS Reva Diamond Jewellery Ltd filed a disclosure under SEBI (SAST) Regulations, 2011 regarding Govind Gadgil & PACs. The filing is a regulatory disclosure under Regulation 29(2) of the Takeover Code, indicating a substantial acquisition of shares or voting rights. No specific deal structure, valuation, or financial terms are disclosed in this filing, and the sector is listed as 'technology' despite the company's jewellery business.

• · The filing is made under Regulation 29(2) of SEBI SAST Regulations, which typically requires disclosure when an acquirer and PACs cross certain shareholding thresholds (e.g., 5%, 10%, 14%, etc.)
• · The sector is listed as 'technology' in the filing, which appears inconsistent with the company's primary business of diamond jewellery
• · No details on the number of shares acquired, acquisition price, or resulting shareholding percentage are provided in this disclosure

19-05-2026

Lloyds Engineering Works Limited (LEWL) has received 'No Objection' letters from both NSE (May 18, 2026) and BSE (May 19, 2026) for its scheme of merger by absorption of three entities: Lloyds Infrastructure & Construction Limited (LICL), Metalfab Hightech Private Limited (MHPL), and Techno Industries Private Limited (TIPL). The scheme remains subject to approvals from shareholders, creditors, and the National Company Law Tribunal (NCLT). The NSE observation letter includes several compliance conditions, such as disclosing pending adjudication proceedings, providing detailed financials and valuation reports, and ensuring all liabilities of transferor companies are transferred to LEWL.

• · The NSE observation letter is valid for six months from May 18, 2026, within which the scheme must be submitted to NCLT.
• · SEBI and NSE disclaim any responsibility for the financial soundness of the scheme or correctness of statements in the documents.
• · The company must disclose all details of ongoing adjudication, recovery proceedings, and enforcement actions against the company, its promoters, and directors to NCLT and shareholders.
• · The company must disclose the relationship between Mr. Balasubramanian Prabhakaran, Thriveni Earthmovers Private Limited, Streamland Estate LLP, and the transferee company.
• · The company must provide pre- and post-scheme shareholding patterns, valuation reports, and audited financials for the last three years of all entities involved.
• · The company must ensure that any equity shares issued under the scheme are in demat form only.

19-05-2026

Himadri Speciality Chemical Limited has made an additional investment of AUD 25,59,000 in Sicona Battery Technologies Pty Ltd through subscription of 25,59,000 Compulsorily Convertible Notes (CCNs), bringing its cumulative holding to 1,67,53,000 CCNs. The investment is part of a previously approved plan, and no additional voting rights or control have been acquired as the investment is in CCN form. The balance 16,94,000 CCNs are yet to be subscribed in agreed tranches.

• · The investment is in the form of CCNs, so no additional voting rights or control in Sicona have been acquired.
• · The CCNs will be convertible into shares of Sicona as per agreed terms.
• · The balance 16,94,000 CCNs are yet to be subscribed in agreed tranches.
• · The initial investment was announced on 13 May 2025.

19-05-2026

JSW Energy has executed definitive agreements to acquire an additional equity stake in Toshiba JSW Power Systems Private Limited (TJPS) from Toshiba Corporation for a cash consideration of ₹150 Crore. Post-acquisition, JSW Energy's shareholding in TJPS will increase from 4.6% to 20.7% on a non-diluted basis and from 2.4% to 10.7% on a fully diluted basis. The acquisition aims to strengthen the company's thermal supply chain and support its thermal capacity expansion target to 10,658 MW by FY 2030. However, TJPS has experienced a declining revenue trend, with revenue falling from Rs. 411.7 crore in FY 2023-24 to Rs. 339.3 crore (provisional) in FY 2025-26, representing a 17.6% decline over two years.

• · The acquisition is expected to be completed on or before 15th June 2026, subject to fulfilment of conditions under definitive agreements.
• · The acquisition is not classified as a related party transaction.
• · No governmental or regulatory approvals are required for the acquisition.
• · JSW Energy has also acquired GE's boiler business, further de-risking its thermal ambitions.
• · TJPS operates a state-of-the-art manufacturing facility in Chennai capable of producing large-sized supercritical/ultra supercritical steam turbine generators up to 1,000 MW.
• · JSW Energy aims to achieve carbon neutrality by 2050.

19-05-2026

BCP Topco IX Pte. Ltd., the promoter of Mphasis Limited, has refinanced its existing USD 1.1 billion 2021 facility with a new USD 550 million 2026 facility, resulting in the release of the 2021 encumbrance and the creation of a fresh encumbrance over 100% of its 5,82,99,642 shares (30.55% of Mphasis' total share capital) in favor of new lenders. The refinancing does not change the promoter's shareholding in Mphasis, but the new encumbrance is a direct pledge on Mphasis equity shares, whereas the previous encumbrance was indirect. The new facility is significantly smaller (USD 550 million vs. USD 1.1 billion), indicating a reduction in debt, though the entire promoter stake remains fully encumbered.

19-05-2026

Caladium Investment Pte. Ltd., a non-promoter shareholder of Ather Energy, sold 354,193 equity shares (0.09% of voting capital) via open market on May 15, 2026, reducing its stake from 8.58% to 8.49%. This is part of a series of sales since November 2025, with total disposals of 5,100,000 shares (approx. 1.3% stake) between November 2025 and December 2025, and an additional 2,553,000 shares up to May 14, 2026, all below the 2% threshold requiring disclosure.

• · Total equity shares of Ather Energy as of March 31, 2026: 382,673,164; fully diluted: 389,803,517.
• · On May 8, 2026, Ather Energy disclosed increased paid-up capital to 382,982,536 shares due to ESOP exercises (309,372 shares allotted).
• · Caladium's post-IPO shareholding was 10.88% as of May 2, 2025, diluted to 10.65% by September 2025 due to ESOP allotments.
• · Caladium sold 5,100,000 shares (approx. 1.3% stake) between November 18 and December 11, 2025, reducing stake to 9.27%.
• · Additional ESOP allotments and sales further diluted Caladium's stake to 9.25% as of March 31, 2026.
• · The cumulative sale from May 2, 2025 to May 14, 2026 aggregated to less than 2% change, so no prior disclosure was triggered.

19-05-2026

Fivex Capital VCC-Fivex Emerging Star Fund, a Singapore-based fund, acquired 1,23,000 shares (2.66% stake) of Shoora Designs Ltd through open market purchases between May 13-18, 2026. This increased their total holding from 2,50,500 shares (5.42%) to 3,73,500 shares (8.08%), crossing the 5% threshold and triggering disclosure under SEBI SAST Regulations. The acquirer is not part of the promoter/promoter group.

• · Acquisition was executed in four tranches: 40,500 shares on 13/05/2026, 40,500 on 14/05/2026, 40,500 on 16/05/2026, and 1,500 on 18/05/2026.
• · The acquirer is Fivex Capital VCC-Fivex Emerging Star Fund, a Variable Capital Company incorporated in Singapore (UEN T25VC0047K).
• · The acquirer is not part of the promoter/promoter group of Shoora Designs Ltd.
• · Total diluted share capital is stated as 'Not Applicable', indicating no outstanding convertible securities/warrants.
• · The disclosure is made under Regulation 29(2) of SEBI (SAST) Regulations, 2011, which requires disclosure upon crossing the 5% threshold.

19-05-2026

Chambal Fertilizers & Chemicals Ltd filed a disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011 regarding CM Airtime Promotion LLP. The filing is purely a regulatory disclosure and does not contain any financial details, deal structure, valuation, or strategic rationale. No specific numbers, dates, or transaction terms are provided, limiting the ability to assess materiality or impact.

19-05-2026

Interface Financial Services Limited has disclosed a sale of 4,03,03,000 shares (4.47% stake) in Biogen Pharmachem Industries Limited on May 18, 2026, reducing its holding from 9.31% to 4.84%. The acquirer is not part of the promoter group, and the transaction was executed in the open market.

• · The sale was executed on May 18, 2026, and the disclosure was filed on May 19, 2026.
• · The total equity share capital of Biogen Pharmachem Industries Limited is ₹90,26,03,000 divided into 90,26,03,000 equity shares of ₹2 each.
• · Interface Financial Services Limited is not part of the promoter group.
• · The mode of acquisition/sale was open market.

19-05-2026

Equilibrated Venture Cflow (P) Ltd., a promoter group entity, acquired 10,50,000 equity shares of Paisalo Digital Limited on May 19, 2026, through open market purchase. This increased its holding from 18,84,38,880 shares (20.7185%) to 18,94,88,880 shares (20.8339%), a marginal increase of 0.1155%.

• · The acquisition was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
• · The acquirer is part of the promoter/promoter group.
• · The mode of acquisition was open market purchase.
• · No shares were acquired through encumbrance (pledge/lien, etc.).
• · The total diluted share capital remains unchanged at ₹90,95,21,874 divided into 90,95,21,874 equity shares of Re. 1 each.

19-05-2026

Lloyds Enterprises Limited disclosed that its material subsidiary, Lloyds Engineering Works Limited (LEWL), has received No Objection Certificates (NOCs) from both

19-05-2026

Vikran Engineering Limited completed the acquisition of a 49% equity stake in NOPL Solar Projects Private Limited for a cash consideration of ₹4.90 Crores (₹49,00,000), acquiring 4,900 shares at ₹10,000 per share. The target entity, incorporated in May 2024 with a paid-up capital of ₹1,00,000, is engaged in a 969 MW (AC) grid-connected solar power project under the PM-KUSUM Scheme in Maharashtra. The filing also corrects a prior disclosure date error, changing the SPA execution date from 27th April 2025 to 27th April 2026.

• · The target entity, NOPL Solar Projects Private Limited, was incorporated on 20th January 2024.
• · The acquisition does not fall within the purview of related party transactions.
• · The acquisition is in line with the Company's strategy to expand in the renewable energy sector and support business diversification.
• · The shares were acquired on 15th May 2026 and reflected in the demat account on 18th May 2026.
• · The company has undertaken execution of solar power projects in F.Y. 2025-2026, evidencing operational progression.

19-05-2026

Blue Star Limited announced the proposed acquisition of the balance 51% shareholding in its subsidiary Blue Star Qatar W.L.L. (BSQ) from Al Malki Trading & Contracting Co. for a total consideration not exceeding ₹ 50 lakh. The acquisition aims to simplify the shareholding structure and make BSQ a wholly owned subsidiary, following regulatory changes in Qatar allowing 100% foreign ownership. The transaction is subject to regulatory approvals in India and Qatar and is expected to be completed within 8 months.

• · The acquisition is not a related party transaction.
• · Regulatory approvals required from RBI, General Tax Authority (Qatar), Ministry of Labour (Qatar), Ministry of Commerce & Industry (Qatar), and other authorities.
• · BSQ was incorporated on February 12, 2007.
• · The Executive Management Committee meeting commenced at 4:00 p.m. IST and concluded at 4:30 p.m. IST on May 19, 2026.

19-05-2026

Jio Financial Services Limited disclosed on May 19, 2026 that it invested Rs. 4.95 crore as initial subscription for 49,50,000 equity shares of face value Rs. 10 each in Jio Allianz General Insurance Limited. The update is a small strategic capital infusion to a joint-venture/general insurance subsidiary; no other financial metrics or comparative periods were provided, so there is neither growth nor decline data to compare.

• · Investment was made at around 1.40 pm on May 19, 2026.
• · Subscribed shares have a face value of Rs. 10 each.
• · Filing references an earlier disclosure dated May 13, 2026.

19-05-2026

Mankind Pharma Ltd announced an acquisition under Regulation 30 of SEBI LODR. The filing does not disclose the target, deal size, or strategic rationale. No financial metrics or shareholder impact details are provided.

19-05-2026

ITC Hotels Limited has acquired 100% of the share capital of Zuri Hotels and Resorts Private Limited (ZHRPL) for an enterprise value of ₹205 crore on a cash-free, debt-free basis (consideration not exceeding ₹175 crore). The acquisition strengthens ITC Hotels' luxury portfolio in a strategic high-growth leisure destination (Goa/Kerala), and ZHRPL becomes a wholly owned subsidiary effective May 19, 2026. However, ZHRPL's turnover has been relatively flat around ₹21.9 crore over the last three years (₹21.91 crore in FY26 vs ₹21.58 crore in FY24), indicating no significant revenue growth trajectory prior to acquisition.

• · Acquisition completed on 19th May 2026; confirmation received at 2:07 p.m.
• · ZHRPL is a private limited company incorporated on 21st April, 2012, engaged in owning and operating a resort in Kerala, India.
• · The acquired property has 72 keys, 2 restaurants, a bar, and an ayurvedic spa spread over 18 acres.
• · Post renovation, the resort will be rebranded as a luxury resort under ITC Hotels, targeting leisure and high-profile MICE segments.
• · No governmental or regulatory approvals were required for the acquisition.
• · The acquisition does not fall within related party transactions; promoter/group companies have no interest in the entity acquired.

19-05-2026

Godawari Power and Ispat Limited reported standalone revenue of ₹4,713.96 Crore for FY2026, up 1.1% YoY from ₹4,661.24 Crore, while standalone net profit rose 19.5% to ₹919.43 Crore from ₹769.64 Crore. However, consolidated revenue was nearly flat at ₹5,380.65 Crore (vs ₹5,375.73 Crore) and consolidated net profit declined 1.4% to ₹801.74 Crore from ₹812.98 Crore. The Board recommended a final dividend of Re.1 per share and approved additional investment of ₹200 Crore in Godawari New Energy Private Limited for a Battery Energy Storage System plant, bringing total planned investment to ₹700 Crore.

19-05-2026

Jolly Plastic Industries Ltd has submitted a Post-Offer Advertisement under Regulation 18(12) of SEBI (SAST) via Sumedha Fiscal Services Ltd, the Manager to the Offer. The filing confirms completion of the open offer process but does not disclose any deal value, share count, swap ratio, or financial metrics. No positive or negative performance data is provided; the filing is purely procedural.

• · Filing is a post-offer advertisement under SEBI SAST, indicating the open offer process has been completed. No details on acquirer, deal size, or shareholding changes are provided.
• · risk_level
• · risk_factors
• · opportunities
• · materiality_score
• · market_impact
• · geography_specific
• · analysis_confidence
• · missing_information
• · investment_signal
• · actionable_insight
• · comparable_transactions
• · balanced_analysis_notes
• · india_specific_context
• · deal_structure_analysis
• · strategic_rationale
• · valuation_assessment
• · regulatory_approval_pathway
• · shareholder_impact
• · market_and_sector_implications
• · quantitative_data_extraction
• · investment_signal_classification
• · actionable_insight
• · comparable_transactions
• · analysis_confidence
• · missing_information
• · balanced_analysis_notes
• · india_specific_context
• · deal_structure_analysis
• · strategic_rationale
• · valuation_assessment
• · regulatory_approval_pathway
• · shareholder_impact
• · market_and_sector_im ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,
• · ,

19-05-2026

Dhanuka Agritech Limited's Board approved a buyback of up to 5,00,000 equity shares (1.11% of paid-up capital) at ₹1,400 per share for an aggregate amount not exceeding ₹70 Crore, and recommended a final dividend of ₹2 per share (100% of face value) for FY2025-26. The Board also approved the introduction of an Employee Stock Option Plan 2026 (up to 50,000 shares) and a Stock Appreciation Rights Plan 2026 (up to 1,25,000 SARs), both subject to shareholder approval. Additionally, the Board approved setting up wholly owned subsidiaries in a European country and Brazil to support brand registration and product registration, with an initial investment limit of ₹1 Crore each. The auditors issued an unmodified opinion on the audited financial results for the quarter and year ended March 31, 2026.

• · Record date for buyback eligibility: Friday, 29th May 2026.
• · Record date for final dividend: Friday, July 17, 2026; cut-off date for voting/AGM attendance: Monday, July 27, 2026.
• · 41st Annual General Meeting to be held on Monday, 3rd August 2026 at 11:00 AM via Video Conferencing.
• · Mr. K.B. Kejariwal retired as Senior Management Personnel effective close of business on 31st March 2026.
• · Re-appointment of M/s. N Khandelwal & Co. as Cost Auditors for FY2026-27.
• · Auditors' report with unmodified opinion on audited financial results for FY ended 31st March 2026.
• · The buyback will be conducted through the Tender Offer route under SEBI Buyback Regulations.
• · Promoters and Promoter Group intend to participate in the proposed buyback.

19-05-2026

Promoter Amitaabh Goenka acquired 1,09,727 equity shares (0.10% of total share capital) of Premier Polyfilm Limited through open market on May 15, 2026, increasing his stake from 11.60% to 11.70%. The disclosure was filed under SEBI (SAST) Regulations on May 18, 2026.

• · Total equity share capital of Premier Polyfilm is ₹10,47,42,475 consisting of 10,47,42,475 equity shares of ₹1 each.
• · The acquisition was made through open market purchase on May 15, 2026.
• · No shares were encumbered before or after the acquisition.

19-05-2026

The filing is a disclosure under SEBI (SAST) Regulations, 2011, specifically Regulation 29(1), regarding Niraj Shah's acquisition of shares in Speciality Medicines Ltd. However, no specific financial details, deal size, valuation, or strategic rationale are provided in the filing. The disclosure is purely procedural and lacks quantitative data for a comprehensive analysis.

19-05-2026

The filing is a disclosure under SEBI SAST Regulation 29(2) for Arman Holdings Ltd, involving Lalchand Moolchand Mehta and PACs. No financial details, deal size, or strategic rationale are provided. The sector is technology, but the filing lacks quantitative data.

19-05-2026

Anand Rathi IT Private Limited, a promoter of Anand Rathi Wealth Limited, invoked a pledge on 3 equity shares of the company on May 11, 2026, reducing its holding to 96,997 shares (0.11% of total share capital). Separately, the promoter entity created a fresh encumbrance of 38,63,000 shares (4.65% of total share capital) in favor of Anand Rathi Financial Services Limited, while its existing encumbered holding stood at 38,63,000 shares (4.65%). The overall promoter group continues to hold a significant stake, but the invocation of a pledge on a minimal number of shares and the creation of a large new encumbrance indicate mixed signals regarding promoter financing activities.

• · The pledge invocation on 3 shares reduced Anand Rathi IT Private Limited's holding from 2,97,706 shares (0.36%) to 96,997 shares (0.11%).
• · A new encumbrance of 38,63,000 shares (4.65% of total share capital) was created in favor of Anand Rathi Financial Services Limited.
• · Asha Kailash Biyani also had a pledge invocation on 4,500 shares (0.01% of total share capital).
• · Aqua Wall Plast Private Limited had a pledge invocation on 1,24,500 shares (0.150% of total share capital).
• · The reporting date is May 18, 2026, and the invocation date is May 11, 2026.

19-05-2026

The filing is a disclosure under SEBI (SAST) Regulations, 2011, specifically Regulation 29(1), regarding Bhavi Shah's acquisition of shares in Organic Recycling Systems Ltd. The filing confirms a substantial acquisition has occurred, triggering the disclosure requirement. However, the filing does not disclose the deal size, valuation, strategic rationale, or any financial metrics, making it impossible to assess the materiality or impact of the transaction.

19-05-2026

Vedanta Limited announced the full redemption of Non-Convertible Debentures on May 14, 2026, resulting in the complete release of all encumbrances on Hindustan Zinc Limited (HZL) shares that were created under a May 2024 debenture trust deed. The release includes the remaining pledge on 3,31,99,474 equity shares (0.78% of HZL's listed capital), following a partial release of 95,91,486 shares (0.23%) in May 2025. This event removes a key condition requiring Vedanta to hold at least 50.1% of HZL's share capital, but Vedanta still holds 60.71% stake in HZL remains unchanged.

• · The encumbrance release is effective from May 14, 2026, the date of full redemption of the Debentures.
• · Vedanta's total holding in HZL remains unchanged at 2,56,52,71,353 shares (60.71% of share capital).
• · Post-release, Vedanta's encumbered shares in HZL stand at 2,35,90,03,222 shares (55.83% of share capital), which includes other existing encumbrances (pledges and non-disposal undertakings) not related to this debenture).
• · The release of the remaining pledge is being processed through the depository system; no separate disclosure under Regulation 31(2) is filed.
• · The earlier condition requiring Vedanta to hold at least 50.1% of HZL's share capital is no longer in effect.

19-05-2026

Arun Kumar Biyani, a promoter of Damodar Industries Limited, has pledged 2,70,000 shares (1.15% of total share capital) to State Bank of India (through SBI Capital Markets Limited) on May 2, 2026. The pledged shares represent 64.60% of promoter shareholding, and the total promoter shareholding is 80,64,500 shares (34.61% of total capital). The encumbrance is for the benefit of the listed company, with an amount of Rs. 24.88 Cr. used as additional securities, while the value of shares on the event date is Rs. 11.42 Cr.

• · The encumbrance is a pledge, and the entity in whose favour shares are encumbered is a scheduled commercial bank (State Bank of India).
• · The credit rating of the debt instrument is BBB/Stable.
• · The borrowed amount is for the benefit of the listed company, used as additional securities, with no schedule for utilization or repayment provided.

19-05-2026

United Credit Ltd. has informed the exchange that its Registrar and Transfer Agent (RTA), CB Management Services Private Limited, has been amalgamated into MUFG Intime India Private Limited effective May 8, 2026, pursuant to a Regional Director order. Consequently, MUFG Intime India Private Limited will serve as the new RTA, with all contact details remaining the same except for the email ID and website. This is a routine administrative change with no financial impact on the company.

• · The amalgamation is effective from May 8, 2026, based on an order from the Regional Director (WR), Ministry of Corporate Affairs, Mumbai.
• · The new RTA's address remains the same: Rasoi Court, 5th Floor, 20 R. N. Mukherjee Road, Kolkata-700001.
• · New contact details: Tel: +91 033 6906 6200, Email: investor.helpdesk@in.mpms.mufg.com, Website: www.in.mpms.mufg.com.

19-05-2026

The Hon'ble NCLT, Allahabad Bench sanctioned the Composite Scheme of Arrangement among Triveni Engineering & Industries Limited (Triveni), Sir Shadi Lal Enterprises Limited and Triveni Power Transmission Limited and has issued a Rectification Order dated May 18, 2026 (received May 19, 2026) correcting inadvertent drafting errors in the original NCLT order dated May 7, 2026. The rectifications delete certain directions regarding holding of existing equity shares and correct references to which Applicant Company's authorised capital will be enhanced and required to pay fees; the remainder of the sanction order remains intact. Shareholder and creditor meeting results previously filed show overwhelming approval for the Scheme, but the Rectification Order clarifies scope and parties affected by capital/filing obligations.

• · Rectification Order dated 18 May, 2026 received by company on May 19, 2026 and is to be read as part of the Original Order dated 07.05.2026.
• · Rectification No.1: Directions in para 24 sub-para (vii) and (viii) of the order dated 07.05.2026 are deleted (these related to holding of Existing Equity Shares contrary to Clause 4.11.2 of the Scheme).
• · Rectification No.2: In paragraph 33 at page 34 of order dated 07.05.2026 the reference 'Applicant Company No.2' shall be read as 'Applicant Company No.1' regarding fees payable on authorised capital subsequent to amalgamation.
• · Rectification No.3: In paragraph 34 at page 35 of the order dated 07.05.2026 the words 'and Applicant Company No.3' are deleted regarding filing revised memorandum and articles of association.
• · Meetings were convened by video conferencing under the Tribunal-appointed Chairperson; Applicant Company No.3 (Resulting Company) had consents, so meeting dispensed with.
• · The Joint Company Petition was filed on 13.12.2025 and first motion order was dated 17.10.2025; original sanction order pronounced on 07.05.2026.

19-05-2026

The filing is a disclosure under SEBI (SAST) Regulations, 2011, Regulation 29(2), received by the exchange from East India Udyog Ltd & Others regarding Softtech Engineers Ltd. The filing does not provide any details on deal structure, valuation, rationale, or financial impact. No specific numbers, dates, or transaction terms are disclosed beyond the regulatory reference and the names of the disclosing parties.

19-05-2026

Rahul Nagar, along with Persons Acting in Concert (PACs), has acquired 4,64,310 equity shares (8.38%) of Pankaj Polymers Limited via an off-market Share Purchase Agreement dated January 14, 2026, increasing their combined holding from 48.86% to 57.23% of the total voting capital. This acquisition is part of a larger plan to acquire 32,23,627 shares (58.15%) and take control of the company as the new promoter group. The remaining 50,662 shares (0.91%) are yet to be executed.

• · The acquisition was executed off-market pursuant to a Share Purchase Agreement dated January 14, 2026 and a Letter of Offer dated February 09, 2026 under SEBI (SAST) Regulations.
• · The acquirer and PACs are classified as 'Incoming Promoter' pursuant to the open offer.
• · Before the acquisition, the acquirer and PACs held 27,08,686 shares (48.86%); after the acquisition, they hold 31,72,996 shares (57.23%).
• · Only Rahul Nagar acquired shares in this tranche (4,64,310 shares); the other PACs (Vikas Garg, Sandeep Jain, Himanshu Arora) did not acquire any shares in this transaction.
• · The total equity share capital of Pankaj Polymers is ₹5,54,39,000 comprising 55,43,900 equity shares of ₹10 each.
• · No encumbrances, voting rights otherwise than by shares, or convertible securities were involved in the transaction.

19-05-2026

National Fittings Limited (NFL) has announced that its Board Meeting scheduled for May 22, 2026 will also consider the merger and amalgamation of Avisa Private Limited and Banil Castings Private Limited with NFL under Sections 230-232 of the Companies Act, 2013. The trading window for designated persons remains closed from April 1, 2026 until 48 hours after the meeting (May 26, 2026). No financial figures or performance metrics were disclosed in this filing.

• · Board meeting originally scheduled on May 7, 2026; this is an additional agenda item.
• · Trading window closure period: April 1, 2026 to May 26, 2026 (both days inclusive).
• · Merger will be carried out under Sections 230 to 232 of the Companies Act, 2013 and SEBI (LODR) Regulations, 2015.

19-05-2026

RAN Ventures Private Limited, a promoter group entity of Zaggle Prepaid Ocean Services Limited, acquired 1,00,000 equity shares (0.07% of voting capital) via open market purchase on May 18, 2026. Post-acquisition, the promoter group's total holding increased to 44.23% of voting capital (5,98,19,523 shares including warrants). The acquisition is a marginal increase in promoter stake and does not trigger any material change in control.

• · The acquisition was made from the open market, not via a preferential or negotiated deal.
• · The promoter group also holds 3,52,734 warrants (0.26% of diluted capital) which remain unchanged.
• · Total diluted share capital of the company is 13,55,16,646 equity shares of ₹1 each.
• · The filing was made under Regulation 29(2) of SEBI (SAST) Regulations, 2011, which is a post-acquisition disclosure requirement.
• · The acquirer's PACs include Raj P Narayanam, Avinash Ramesh Godkhindi, Quadigo Ventures LLP, and Sumedha Rao.

19-05-2026

Hon'ble NCLT Allahabad Bench sanctioned a Composite Scheme of Arrangement involving Triveni Engineering & Industries Limited (Applicant Company No.1), Sir Shadi Lal Enterprises Limited (Applicant Company No.2 — the amalgamating company) and Triveni Power Transmission Limited (Applicant Company No.3 — resulting company) and issued an Original Order dated 07.05.2026. Sir Shadi Lal Enterprises filed an application to correct inadvertent errors in the Original Order; the NCLT issued a Rectification Order dated 18.05.2026 (received by the company on 19.05.2026) deleting/altering specific references (paras 24(vii)-(viii), and wording in paras 33 and 34) to align the order with the Scheme. The rectification confirms that existing equity shares remain with the relevant companies and corrects which applicant is liable for enhanced authorised capital fees; remaining parts of the sanction order stand intact.

• · Rectification Order dated 18.05.2026 was received by the company on 19.05.2026 and is to be read as part of the Original Order dated 07.05.2026.
• · Rectifications made: deletion of directions in para 24 sub-para (vii) and (viii); replacement of reference from 'Applicant Company No.2' to 'Applicant Company No.1' in paragraph 33 (page 34) regarding fees on enhanced authorised capital; deletion of 'and Applicant Company No.3' in paragraph 34 (page 35) regarding filing revised memorandum and articles.
• · The Tribunal disposed of IA No.43/2026 on 18.05.2026 after allowing the rectification application; the remaining parts of the 07.05.2026 order remain intact.
• · Meetings to consider the Scheme were held (dates: Applicant Company No.1 — 07.12.2025; Applicant Company No.2 — 30.11.2025) with chairperson reports filed on 06.01.2026.
• · The Scheme contemplates (a) amalgamation of Sir Shadi Lal Enterprises Limited into Triveni Engineering & Industries Limited with issuance of equity by Applicant Company No.1 to members of Applicant Company No.2, and (b) demerger/transfer of the PTB undertaking from Triveni Engineering & Industries Limited to Triveni Power Transmission Limited with issuance of equity by Applicant Company No.3 to shareholders of the demerged company.

19-05-2026

Siddha Ventures Limited has informed BSE that its Registrar and Share Transfer Agent (RTA), CB Management Services Private Ltd., has amalgamated with MUFG Intime India Private Limited effective May 8, 2026, pursuant to an order from the Regional Director (Western Region), Ministry of Corporate Affairs, Mumbai. Consequently, MUFG Intime India Private Limited will replace CB Management Services as the company's RTA. This is a routine administrative change with no financial impact on Siddha Ventures.

• · The amalgamation became effective from May 08, 2026.
• · MUFG Intime India Private Limited's contact details: Address - Rasoi Court, 5th Floor, 20 R. N. Mukherjee Road, Kolkata – 700001; Tel - +91 033 6906 6200; Email - investor.helpdesk@in.mpms.mufg.com; Website - www.in.mpms.mufg.com.
• · The filing was made on May 19, 2026.

19-05-2026

On May 19, 2026, Vikram Solar Limited disclosed that promoter Nilam Chaudhary created an encumbrance by pledging 30,00,000 equity shares (0.83% of total share capital) on May 14, 2026, in favor of JIO Credit Limited to avail finance. Post-pledge, the total promoter group encumbrance stands at 1,80,99,750 shares (5.00% of total share capital), while the overall promoter holding is 63.01%.

• · The pledge was created on May 14, 2026, and reported on May 19, 2026.
• · Nilam Chaudhary's total promoter holding is 68,65,573 shares (1.89% of total capital), of which 30,00,000 shares (0.83%) are now encumbered.
• · VSL Ventures Private Limited already had 1,50,99,750 shares (4.17%) encumbered prior to this event.
• · Other promoters (Vikram Capital Management, Gyanesh Chaudhary Family, etc.) have no encumbered shares.
• · Total promoter group encumbered shares increased from 1,50,99,750 (4.17%) to 1,80,99,750 (5.00%).

19-05-2026

Dabur India Limited has incorporated a new wholly owned step-down subsidiary, PRAVAAH CONSUMER GROUP INC., in Delaware, USA, effective May 15, 2026. This follows the company's earlier intimation on May 6, 2026, regarding the proposed incorporation. The subsidiary is held through Dabur International Limited, a step-down wholly owned subsidiary of Dabur India Limited.

• · The subsidiary is incorporated in Delaware, USA.
• · The effective date of incorporation is May 15, 2026.
• · The company received the certificate of incorporation on May 18, 2026.
• · The subsidiary is a step-down wholly owned entity, held through Dabur International Limited.

19-05-2026

ITC Limited acquired 1,681 equity shares of Mother Sparsh Baby Care Private Limited in the second tranche for approximately ₹30 crores, increasing its stake from 39.47% to 49.32%. The acquisition aligns with ITC's strategy to build a future-ready product suite. Mother Sparsh's turnover grew from ₹58.7 crores in FY24 to ₹138.5 crores in FY26, showing strong growth.

• · Mother Sparsh is a premium ayurvedic and natural personal care start-up incorporated on 5th February, 2016.
• · The acquisition is not a related party transaction and no governmental approvals were required.
• · Consideration is in cash.