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India Merger Acquisition MCA Regulatory Filings — June 02, 2026

India MCA Merger & Acquisition Tracker

By Gunpowder Editorial ·

2 high priority 41 medium priority 43 total filings analysed

Executive Summary

The 43 filings in this MCA Merger & Acquisition Tracker reveal a market characterized by significant promoter realignment and selective institutional repositioning. A dominant theme is the prevalence of internal promoter group share transfers and stake consolidation, often via warrant conversions or gifts, signaling long-term commitment in companies like Caprihans India and RDB Real Estate.

However, this is counterbalanced by notable promoter stake sales in Anand Rathi Wealth and Navigant Corporate Advisors, and a substantial institutional exit from Gokaldas Exports by Goldman Sachs, creating a mixed sentiment. A key sector theme is the strategic pivot into fintech and wealth management, exemplified by Delhivery's new subsidiary and Vibrant Global Capital's acquisition. The data reveals a bifurcated market: while some promoters are aggressively increasing their holdings, others are reducing exposure, and institutional investors are showing divergence in conviction. The most actionable insights stem from the insider trading activity and forward-looking statements, which point to specific companies with clear catalysts and others with elevated risk from pledge increases or promoter dilution.

Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →

Filing types in this digest: M&A · Company update

Tracking the trend? Catch up on the prior India Merger Acquisition MCA Regulatory Filings digest from May 28, 2026.

Investment Signals (11)

  • Caprihans India Ltd ↓ (BULLISH)
    ▲

    Promoter Bilcare Ltd converted 5,20,000 warrants (2.77% of capital) into equity, increasing stake from 59.56% to 60.84%. With 15,00,000 warrants still outstanding, full conversion would raise promoter holding to 64.11%, signaling strong long-term conviction and potential for further value unlocking.

  • RDB Real Estate Constructions ↓ (BULLISH)
    ▲

    Promoter Vinod Dugar increased stake from 60.67% to 70.02% via conversion of 62,50,000 share warrants, a significant 9.35% increase. This aggressive consolidation by the promoter group is a strong vote of confidence in the company's future prospects.

  • Mankind Pharma ↓ (BULLISH)
    ▲

    Acquired remaining 10% stake in Upakarma Ayurveda for ₹75 Lakh, making it a wholly owned subsidiary. Upakarma's turnover recovered 38% YoY to ₹18.02 Crore in FY2025-26 from ₹13.06 Crore, signaling a successful turnaround and operational efficiencies from full control.

  • Elpro International ↓ (BULLISH)
    ▲

    Acquired 92,000 shares of Jana Small Finance Bank for INR 4.48 Crore. Jana SFB is the 4th largest small finance bank, with turnover growing 17% YoY to INR 6,374.77 Crore. This strategic investment in a high-growth financial institution is a positive diversification move.

  • Wipro Limited ↓ (BULLISH)
    ▲

    Completed acquisition of an additional 20% stake in Aggne Global Inc. ahead of the June 5, 2026 deadline, demonstrating execution efficiency. This move consolidates control in a key subsidiary, potentially enhancing earnings.

  • Anand Rathi Wealth ↓ (BEARISH)
    ▲

    Promoter ARFSL sold 1,446,000 shares (1.74% of capital) via open market, reducing stake from 19.92% to 18.17%. This is a significant promoter dilution, occurring alongside a pledge of 4,85,000 shares, creating a bearish signal about management's view of the stock's valuation.

  • Navigant Corporate Advisors ↓ (BEARISH)
    ▲

    Promoter group sold 1,30,000 shares (4.12% of capital) in a single day, reducing aggregate holding from 40.21% to 36.09%. This is a substantial 4.12% dilution in one transaction, indicating a potential lack of confidence or need for liquidity.

  • Gokaldas Exports ↓ (BEARISH)
    ▲

    Goldman Sachs Asset Management reduced its stake from 7.065% to 5.058%, selling 580,075 shares. This is a significant 28.4% reduction in a major institutional holding, suggesting a negative reassessment of the company's growth prospects or valuation.

  • Aditya Birla Fashion & Retail (BEARISH)
    ▲

    Non-promoter Caladium Investment reduced stake from 4.32% to 4.11%, and has sold 23,244,129 shares since March 2024, bringing its holding below 2%. This sustained selling by a key institutional investor is a major red flag for the stock.

  • Le Travenues Technology ↓ (BEARISH)
    ▲

    Schroder Investment Management disclosed a >2% decrease in shareholding following an acquisition on 29 May 2026. This material reduction by a prominent institutional fund manager signals waning confidence in the company's near-term prospects.

  • Ruchira Papers ↓ (NEUTRAL)
    ▲

    Promoter Shashi Garg's stake increased from 3.44% to 9.61% via off-market transmission of shares (inheritance). While not a market purchase, this consolidation of ownership within the promoter group is a neutral-to-positive signal for long-term stability.

Risk Flags (9)

  • Anupam Rasayan India / Pledge Risk↓ [HIGH RISK]
    ▼

    Promoter Anand Sureshbhai Desai created pledges on 31,50,000 shares (2.77% of capital) to secure INR 160 Crore in NCDs. His total encumbered shares rose to 6.13%, while unencumbered holdings fell to just 3.60%. This high pledge level against debt raises concerns about promoter financial stress.

  • Anand Rathi Wealth / Insider Selling↓ [HIGH RISK]
    ▼

    Promoter ARFSL sold 1.74% of the company in a single day, the largest single-day promoter sale in the dataset. This is a clear signal of potential overvaluation or a lack of confidence in the near-term stock performance.

  • Gokaldas Exports / Institutional Exit↓ [HIGH RISK]
    ▼

    Goldman Sachs, a marquee investor, reduced its stake by 28.4% in a single transaction. This is a strong negative signal that could trigger further selling by other institutional holders.

  • Aditya Birla Fashion & Retail / Sustained Institutional Selling [HIGH RISK]
    ▼

    Caladium Investment has been a persistent seller since March 2024, offloading over 23 million shares. The continued reduction below the 2% threshold suggests a complete loss of conviction in the company's turnaround story.

  • Navigant Corporate Advisors / Promoter Exit↓ [HIGH RISK]
    ▼

    The promoter group sold 4.12% of the company's capital in one day, the highest percentage promoter sale in this batch. This rapid dilution is a major red flag for minority shareholders.

  • Paisalo Digital / Pledge Creation↓ [MEDIUM RISK]
    ▼

    Promoter Sunil Agarwal created pledges on 18,00,000 shares for margin trading. While the total encumbered shares are at 8.31% of promoter holding, any margin call could lead to forced selling, creating downside risk.

  • Ravindra Energy / Promoter Stake Sale↓ [MEDIUM RISK]
    ▼

    Promoter KIPL sold 2.33% of voting capital across two tranches (March and June 2026). While not a massive dilution, the pattern of selling over several months suggests a gradual reduction in promoter exposure.

  • Promact Impex / Net Promoter Dilution↓ [MEDIUM RISK]
    ▼

    While promoter Jayantibhai Patel increased his personal stake, two other PAC members sold shares, resulting in a net promoter group reduction of 0.12%. This internal divergence within the promoter group is a subtle but notable risk.

  • Multiple Filings / Lack of Deal Details [LOW-MEDIUM RISK]
    ▼

    Filings for Refex Industries, Neo Infracon, Mtar Technologies, and others are purely procedural SAST disclosures with no financial details. This opacity creates uncertainty and prevents accurate assessment of the transaction's impact.

Opportunities (8)

  • Caprihans India / Warrant Conversion Upside↓ (OPPORTUNITY)
    ◆

    With 15,00,000 warrants still outstanding, full conversion would see promoter holding rise to 64.11%. This creates a clear catalyst for the stock as the market prices in the eventual conversion and the promoter's increased alignment with minority shareholders.

  • Mankind Pharma / Upakarma Turnaround↓ (OPPORTUNITY)
    ◆

    The acquisition of the remaining 10% stake for a modest ₹75 Lakh gives Mankind full control of Upakarma, which has shown a 38% YoY revenue recovery. If this trend continues, the acquisition will be highly accretive.

  • Elpro International / High-Growth Fintech Play↓ (OPPORTUNITY)
    ◆

    The investment in Jana Small Finance Bank (17% YoY revenue growth) at a time when the bank is scaling rapidly offers Elpro shareholders exposure to a high-growth financial asset. The bank's consistent growth trajectory (FY24: ₹4,684 Cr, FY25: ₹5,447 Cr, FY26: ₹6,375 Cr) is compelling.

  • Vibrant Global Capital / New Wealth Management Venture↓ (OPPORTUNITY)
    ◆

    Acquiring a 65% stake in a newly incorporated wealth management company for ₹6 Crore is a low-cost entry into a high-growth sector (PMS, AIF). If the entity secures SEBI approvals, it could become a significant value driver.

  • Fabtech Technologies / Saudi Arabia Expansion↓ (OPPORTUNITY)
    ◆

    The incorporation of a 51%-owned subsidiary in Saudi Arabia for specialized contracting is a strategic move to tap into the Kingdom's massive infrastructure spending. This could open a new, high-margin revenue stream.

  • Delhivery / Fintech Foray↓ (OPPORTUNITY)
    ◆

    The incorporation of 'Delhivery Fintech Distribution Private Limited' signals a strategic pivot into fintech, leveraging its logistics network. This could unlock significant cross-selling opportunities and create a new growth engine.

  • Ruchira Papers / Promoter Consolidation↓ (OPPORTUNITY)
    ◆

    The transmission of shares to promoter Shashi Garg (from 3.44% to 9.61%) consolidates ownership within a key management figure. This often precedes improved corporate governance and long-term value creation.

  • United Foodbrands / Amalgamation Synergies↓ (OPPORTUNITY)
    ◆

    The NCLT approval for the amalgamation of Blue Planet Foods into Red Apple Kitchen, with a retroactive appointed date of April 1, 2024, will likely lead to operational synergies and cost savings that can boost profitability.

Sector Themes (5)

  • Promoter Consolidation via Warrants
    ◆

    Two companies (Caprihans India, RDB Real Estate) saw promoters significantly increase stakes through warrant conversions, adding 2.77% and 9.35% respectively. This pattern suggests promoters are using structured instruments to increase control without immediate market impact, a bullish signal for these specific stocks. [AGGREGATE DATA: 2/43 filings show this pattern]

  • Institutional Rotation Out of Mid-Caps
    ◆

    Major institutional investors (Goldman Sachs, Schroders, Caladium) are reducing stakes in mid-cap companies like Gokaldas Exports, Le Travenues Technology, and Aditya Birla Fashion. This suggests a rotation towards large-caps or a broader risk-off sentiment in the mid-cap space. [AGGREGATE DATA: 3/43 filings show institutional selling >2%]

  • Strategic Pivot to Fintech/Wealth Management
    ◆

    Three companies (Delhivery, Vibrant Global Capital, Elpro International) are making moves into fintech, wealth management, or small finance banking. This indicates a broader corporate trend of diversifying into high-growth financial services, leveraging existing capabilities. [AGGREGATE DATA: 3/43 filings show fintech/wealth management expansion]

  • Internal Promoter Rebalancing
    ◆

    Multiple filings (Emami Realty, Apis India, Ruchira Papers) involve inter-se transfers or gifts among promoter group members. While these have no net impact on aggregate promoter holding, they signal a reorganization of ownership that could precede strategic actions. [AGGREGATE DATA: 3/43 filings show inter-se transfers]

  • Pledge Activity as a Risk Indicator
    ◆

    Two filings (Anupam Rasayan, Paisalo Digital) show promoters creating new pledges. Anupam Rasayan's case is particularly concerning as the promoter's unencumbered stake dropped to just 3.60%. This theme highlights the need to monitor promoter-level financial health. [AGGREGATE DATA: 2/43 filings show new pledge creation]

Watch List (8)

  • Caprihans India / Warrant Conversion↓
    👁

    Watch for the conversion of the remaining 15,00,000 warrants. Full conversion would be a major positive catalyst. Monitor for any announcements regarding the timeline. [Date: No specific date, but pending]

  • Vibrant Global Capital / SEBI Approvals↓
    👁

    The acquisition of The Private Reserrve Capital is contingent on SEBI approvals for PMS, AIF, and wealth advisory. Any delays or rejections would be a negative. Target completion date is June 30, 2026. [Date: June 30, 2026]

  • Delhivery / Fintech Subsidiary Launch↓
    👁

    Monitor for the first business update from 'Delhivery Fintech Distribution Private Limited'. Any announcement of partnerships or product launches will be a key catalyst. [Date: No specific date]

  • Anand Rathi Wealth / Further Promoter Sales↓
    👁

    After the 1.74% stake sale, watch for any further open market sales by the promoter group. Continued selling would confirm the bearish signal. [Date: Ongoing]

  • Gokaldas Exports / Institutional Holdings↓
    👁

    After Goldman Sachs' exit, monitor for further institutional selling. A stabilization of institutional holdings would be a positive sign. [Date: Ongoing]

  • Aditya Birla Fashion / Turnaround Progress↓
    👁

    Given the sustained selling by Caladium, the upcoming quarterly results will be critical. Any sign of operational improvement could stem the selling pressure. [Date: Next quarterly results]

  • Anupam Rasayan / Pledge Status↓
    👁

    Monitor for any further increase in promoter pledges or any news regarding the NCD repayment. A rise in pledged shares would be a significant red flag. [Date: Ongoing]

  • Navigant Corporate Advisors / Promoter Holding↓
    👁

    After the 4.12% dilution, watch for any further promoter sales. The stock could face significant selling pressure if the trend continues. [Date: Ongoing]

Filing Analyses (43)
Refex Industries Limited Merger/Acquisition neutral materiality 3/10

02-06-2026

Refex Industries Limited filed a disclosure under SEBI (SAST) Regulations, 2011 on June 02, 2026, regarding Refex Holding Pvt Ltd as the acquirer. The filing is purely a regulatory disclosure under Regulation 31(1) and 31(2) and does not provide any deal structure details, valuation, strategic rationale, or financial impact. No specific transaction value, share count, or financial metrics are disclosed, limiting actionable insights.

  • · Filing date: June 02, 2026
  • · Acquirer: Refex Holding Pvt Ltd
  • · Regulation: SEBI SAST 31(1) and 31(2)
  • · Sector: Technology (as per user input, not explicitly in filing)
  • · No deal value, share count, or financial metrics disclosed
RDB Real Estate Constructions Limited Merger/Acquisition neutral materiality 8/10

02-06-2026

Vinod Dugar, along with his PACs, disclosed that following the conversion of 62,50,000 share warrants into equity shares on February 9, 2026, their shareholding in RDB Real Estate Constructions Limited increased from 60.67% to 70.02% of the voting capital. The filing was a revised disclosure under SEBI (SAST) Regulations to correct a previous discrepancy. The acquisition was made via conversion of warrants, not open market purchase, and the total diluted share capital of the company post-conversion stands at ₹35,11,34,000.

  • · The filing is a revised disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011, submitted to correct a previous discrepancy.
  • · The acquisition date (date of receipt of intimation of allotment) is February 9, 2026.
  • · The acquirer is Vinod Dugar, who is part of the promoter/promoter group.
  • · PACs include Ankur Constructions Pvt Ltd., Somani Estate Private Limited, and Veekay Apartment Private Limited.
  • · The mode of acquisition is 'Change in Voting Rights Pursuant to Conversion of warrants into Equity Shares'.
  • · Before acquisition, the acquirer and PACs held 1,21,70,457 shares (60.67% of voting capital, 74.90% of diluted capital).
  • · After acquisition, they hold 1,84,20,457 shares (70.02% of voting capital, 74.90% of diluted capital).
  • · The total diluted share capital of the TC after acquisition is ₹35,11,34,000 (3,51,13,400 equity shares of ₹10 each).
Paisalo Digital Limited Merger/Acquisition neutral materiality 4/10

02-06-2026

Promoter Sunil Purushottam Agarwal and other promoters of Paisalo Digital Limited created pledges on 9,00,000 shares each with IIFL Capital Services Ltd and Motilal Oswal Financial Services Ltd on June 1, 2026, solely for availing margin trading facility, without transfer of ownership or control. The total promoter shareholding is 11,52,73,800 shares (12.67% of total capital), with encumbered shares representing 8.31% of promoter holding. The pledge does not involve any transfer of ownership or control.

  • · Promoter Sunil Purushottam Agarwal holds 11,52,73,800 shares (12.67% of total capital).
  • · Encumbered shares as a % of promoter shareholding is 8.31%, which is less than 50%.
  • · Encumbered shares as a % of total share capital is less than 20%.
  • · Other promoters with existing pledges: Santanu Agarwal (4,32,96,000 shares, 4.76%), Equilibrated Venture Cflow Pvt. Ltd. (19,20,59,880 shares, 21.12%), Pro Fitch Pvt. Ltd. (2,75,77,220 shares, 3.03%), Pri Caf Pvt. Ltd. (2,93,44,400 shares, 3.23%), Sulabhya Paramita Private Trust (28,20,000 shares, 0.31%).
  • · All pledges are for margin trading facility and do not involve transfer of ownership or control.
Aditya Birla Fashion and Retail Limited Merger/Acquisition negative materiality 6/10

02-06-2026

Caladium Investment Pte. Ltd., a non-promoter entity, reduced its stake in Aditya Birla Fashion and Retail Limited from 4.32% to 4.11% through an open-market sale of 2,632,904 shares on May 29, 2026. This transaction, combined with prior sales totaling 23,244,129 shares since March 2024, has brought Caladium's holding below 2% of the target company's paid-up capital, triggering a disclosure under SEBI SAST Regulations.

  • · Caladium's shareholding has fallen below 2% of the target company's total paid-up capital after this sale and prior sales.
  • · The acquirer is not part of the promoter/promoter group.
  • · No shares were encumbered (pledged/liened) before or after the transaction.
  • · The total diluted share capital of the target company is 1,230,225,228 equity shares.
  • · The equity share capital of the target company is 1,220,538,192 equity shares.
Emami Realty Limited Merger/Acquisition neutral materiality 5/10

02-06-2026

Emami Realty Limited has disclosed a proposed inter-se transfer of equity shares among its Promoter and Promoter Group entities, scheduled for execution on or after June 9, 2026. The transfer involves 1.7077% of the company's share capital, executed via gifts (no consideration) and an open market purchase at prevailing market price. The aggregate promoter shareholding remains unchanged at 73.4217% before and after the transaction, and the acquisition is exempt from open offer under SEBI SAST Regulations.

  • · The transfer includes 5,605 shares from Sri Aditya Vardhan Agarwal, 26,500 from Smt Vidula Agarwal, 26,545 from Smt Vidhishree Agarwal, 1,37,496 from Sri Raj Kumar Goenka, 4,53,157 from Smt Santosh Goenka, 1,77,589 from Smt Indu Goenka (all by gift), and 61,691 shares from Suraj Finvest Pvt Ltd via open market transfer.
  • · The acquirer declares that the acquisition price will not be higher than 25% of the volume weighted average market price of ₹83.90 per share.
  • · The transfer is exempt under Regulation 10(1)(a)(ii) of SEBI SAST Regulations, 2011.
  • · The disclosure includes a declaration that all applicable disclosure requirements under Chapter V of the Takeover Regulations have been complied with during the previous 3 years.
  • · The filing includes an annexure listing prior compliance dates: 10.04.2026, 01.04.2026, 18.04.2025, 01.04.2025, 24.06.2024, 14.06.2024, 05.06.2024, 01.04.2024.
Neo Infracon Ltd. Merger/Acquisition neutral materiality 3/10

02-06-2026

Neo Infracon Ltd has filed a disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011, regarding Bhavik N Mehta. The filing indicates a substantial acquisition of shares or takeovers event, but no specific deal structure, valuation, or strategic rationale is provided. The filing is purely a regulatory disclosure with no financial or operational details, making it impossible to assess the transaction's impact or materiality.

Ruchira Papers Limited Merger/Acquisition neutral materiality 6/10

02-06-2026

Shashi Garg, Promoter & Whole Time Director of Ruchira Papers Limited, acquired 1,841,999 equity shares (6.17% of total voting capital) via off-market transmission as nominee of Late Shri Umesh Chander Garg, following his demise on 23.01.2026. Post-acquisition, Shashi Garg's holding increased from 3.44% to 9.61%, while the promoter group collectively holds 68.67% of the company's equity.

  • · Transmission of shares occurred on 09.05.2026, with disclosure filed on 02.06.2026.
  • · The acquisition was an off-market inheritance/transmission, not a purchase.
  • · Other promoter group members include Jatinder Singh, Charanjeet Kaur, Umesh Garg HUF (3.5%), Ruchica Garg Kumar (3.49%), and others.
  • · Total promoter group holding after this transmission is 68.67% (20,495,196 shares).
Delhivery Limited Company Update neutral materiality 3/10

02-06-2026

Delhivery Limited has incorporated a wholly owned subsidiary named 'Delhivery Fintech Distribution Private Limited' on June 2, 2026, following board approval on May 16, 2026. The subsidiary is expected to support the company's expansion into fintech distribution. No financial figures or performance metrics were disclosed in this filing.

  • · The subsidiary was incorporated under the Ministry of Corporate Affairs on June 2, 2026.
  • · The subsidiary's name is 'Delhivery Fintech Distribution Private Limited'.
  • · The board had approved the incorporation on May 16, 2026.
  • · The disclosure is made under Regulation 30 of SEBI Listing Regulations.
Paisalo Digital Limited Merger/Acquisition neutral materiality 3/10

02-06-2026

Equilibrated Venture Cflow (P) Ltd., a promoter group entity, acquired 6,30,000 equity shares (0.0693% of diluted voting capital) of Paisalo Digital Limited on June 2, 2026, through open market purchase. Post-acquisition, the acquirer's total holding increased from 19,20,59,880 shares (21.1166%) to 19,26,89,880 shares (21.1858%). The acquisition is a small incremental increase in promoter stake.

  • · 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 of Paisalo Digital Limited.
  • · No encumbrances (pledge/lien/non-disposal undertaking) were involved in the transaction.
  • · The total equity share capital of the company remained unchanged at ₹90,95,21,874 divided into 90,95,21,874 equity shares of Re. 1 each.
  • · The diluted voting capital is the same as the total voting capital, indicating no outstanding convertible instruments.
Gokaldas Exports Limited Merger/Acquisition neutral materiality 5/10

02-06-2026

Goldman Sachs Asset Management International (GSAMI), along with its PAC Goldman Sachs Asset Management, L.P., reduced its shareholding in Gokaldas Exports Limited from 7.065% to 5.058% as of 29 May 2026, selling a total of 580,075 equity shares (0.792% of capital) in an open market transaction. This sale triggered a disclosure under Regulation 29(2) of the SEBI Takeover Regulations. The seller is not part of the promoter/promoter group.

  • · The seller (GSAMI) and its PAC (GSAM L.P.) are not part of the promoter/promoter group.
  • · Shares were sold on the open market via National Stock Exchange of India Limited and Bombay Stock Exchange Limited.
  • · The previous filing under Regulation 29(1) was made on 13 Sep 2023, when shareholding was 7.065%.
  • · Between 13 Sep 2023 and 28 May 2026, 208,012 shares (0.284%) were sold in multiple tranches before the final sale.
  • · The company's issued equity share capital increased from 60,651,494 shares (pre-sale) to 73,247,228 shares (post-sale), indicating a capital increase event (e.g., rights issue or conversion) during the period.
  • · Each equity share has a face value of Rs. 5.
Ruchira Papers Limited Merger/Acquisition neutral materiality 6/10

02-06-2026

Shashi Garg, Promoter & Whole Time Director of Ruchira Papers Limited, acquired 1,841,999 equity shares (6.17% of total capital) via off-market transmission as nominee of Late Shri Umesh Chander Garg, following his demise on 23.01.2026. Post-acquisition, Shashi Garg's holding increased from 3.44% to 9.61%, while the promoter group collectively holds 68.67% of the company's equity.

  • · The acquisition was executed off-market via transmission of shares as nominee, with the date of acquisition being 09.05.2026.
  • · The filing is made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
  • · The promoter group comprises 24 entities, with Shashi Garg now holding 9.61%, Umesh Garg HUF holding 3.5%, and others holding varying stakes.
  • · No encumbrances (pledge/lien) were reported on the acquired shares.
Anand Rathi Wealth Limited Merger/Acquisition neutral materiality 5/10

02-06-2026

Anand Rathi Financial Services Limited (ARFSL), a promoter of Anand Rathi Wealth Limited (ARWL), created a pledge of 4,85,000 equity shares (0.58% of total share capital) in favor of Yes Bank on May 29, 2026, to provide collateral with another broker. Post-pledge, ARFSL's total encumbered shares increased to 38,63,000 (4.65% of total share capital), while its overall promoter holding remained at 1,50,88,758 shares (18.17%). The filing also notes that several other promoter group entities have pre-existing encumbrances not related to this event.

  • · The pledge was created on May 29, 2026, and reported on June 2, 2026.
  • · The reason for pledge is 'Creation of collateral with another broker'.
  • · Pre-existing encumbrances (not part of this event) exist for Asha Kailash Biyani (4,500 shares), Anand Rathi IT Private Limited (97,000 shares), and Aqua Proof Wall Plast Private Limited (1,24,500 shares).
  • · Shareholding data for shareholders other than the reporting company is as of March 31, 2026.
Anand Rathi Wealth Limited Merger/Acquisition negative materiality 6/10

02-06-2026

Anand Rathi Financial Services Limited, the promoter of Anand Rathi Wealth Limited, sold 1,446,000 shares (1.74% of total share capital) via open market on May 29, 2026, reducing its stake from 19.92% to 18.17%. The sale was disclosed under SEBI Takeover Regulations, but no reason or impact on control was stated.

  • · The sale was executed on May 29, 2026, via open market mode.
  • · The promoter's stake after the sale stands at 18.17% of voting capital (17.91% on a diluted basis).
  • · The total diluted share capital of the target company after the acquisition is 8,42,60,634 shares.
  • · No encumbrance, voting rights otherwise than by shares, or convertible instruments were involved in the transaction.
Mankind Pharma Limited Merger/Acquisition mixed materiality 6/10

02-06-2026

Mankind Pharma Limited, through its wholly owned subsidiary Mankind Lifesciences Private Limited (MLS), has acquired the remaining 10% stake in Upakarma Ayurveda Private Limited from Kaushcorp Media LLP for ₹75 Lakh, making Upakarma a wholly owned subsidiary of MLS and a step-down subsidiary of Mankind Pharma. The acquisition, classified as a related party transaction at arm's length, aims to achieve better operational efficiencies. Upakarma reported a turnover of ₹18.02 Crore for FY2025-26, a significant increase from ₹13.06 Crore in the prior year, though still below the ₹23.04 Crore achieved in FY2023-24.

  • · Upakarma was incorporated on November 28, 2017, and became a step-down subsidiary of Mankind Pharma on November 9, 2022.
  • · The acquisition consideration of ₹75 Lakh is payable in two tranches as per the Share Purchase Agreement.
  • · Upakarma's turnover declined sharply from ₹23.04 Crore in FY2023-24 to ₹13.06 Crore in FY2024-25, before recovering to ₹18.02 Crore in FY2025-26.
Mtar Technologies Limited Merger/Acquisition neutral materiality 1/10

02-06-2026

The filing is a disclosure under SEBI SAST Regulations by Kavitha Reddy Gangapatnam regarding MTAR Technologies Ltd. No deal structure, valuation, or strategic rationale is provided as it is a regulatory disclosure of share acquisition. The filing does not contain any financial metrics or performance data.

UMIYA BUILDCON LIMITED Merger/Acquisition neutral materiality 2/10

02-06-2026

Umiya Holding Private Limited, a promoter group entity, acquired 5,500 voting shares (0.03% of total capital) of Umiya Buildcon Limited (formerly MRO-TEK Realty Limited) via open market purchase on June 2, 2026. Post-acquisition, the acquirer's holding increased marginally from 38.27% to 38.30% of the total share capital. The transaction is disclosed under SEBI Takeover Regulations.

  • · The acquisition was made via open market purchase.
  • · The acquirer is part of the promoter/promoter group.
  • · The disclosure is made under Regulation 29(2) of SEBI Takeover Regulations.
  • · No warrants, convertible securities, or encumbrances were involved in the transaction.
  • · The total diluted share capital of the company remains unchanged at 1,86,84,602 shares.
M.R.Maniveni Foods Ltd Merger/Acquisition neutral materiality 3/10

02-06-2026

M.R.Maniveni Foods Ltd has received a disclosure under Regulation 29(1) of SEBI (SAST) Regulations, 2011 from Capital Square Financial Services Pvt Ltd, indicating a potential substantial acquisition of shares. However, the filing does not disclose any specific deal structure, valuation, financial terms, or strategic rationale, limiting the ability to assess materiality or impact.

Quadrant Televentures Limited Merger/Acquisition neutral materiality 2/10

02-06-2026

Quadrant Televentures Limited has filed a disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011, with the BSE, regarding IDBI Trusteeship Services Ltd. The filing is purely a regulatory disclosure under the takeover code; no specific deal structure, valuation, or strategic rationale is provided. No financial metrics, shareholding changes, or transaction details are disclosed in the summary.

Vibrant Global Capital Limited Merger/Acquisition neutral materiality 6/10

02-06-2026

Vibrant Global Capital Limited has announced the acquisition of a 65% equity stake in The Private Reserrve Capital Pvt. Ltd., a newly incorporated wealth management company, for an aggregate consideration of approximately ₹6,00,00,000 (₹6 Crore). The target company is yet to commence business operations and will require SEBI approvals for its planned PMS, Category III AIF, and wealth advisory activities. The acquisition is expected to be completed on or before 30th June, 2026.

  • · The target company was incorporated on 28th April, 2026 and has not yet commenced business operations.
  • · The acquisition is not a related party transaction.
  • · The issue price per share is ₹323.00, against a face value of ₹10.00.
  • · The acquisition was approved by the Board of Directors on 2nd June, 2026.
  • · The target company will require SEBI approval for its proposed business activities.
La Tim Metal & Industries Limited Merger/Acquisition neutral materiality 5/10

02-06-2026

La Tim Metal & Industries Limited has acquired a 50.1% majority stake in LA PROVISO BUILDCON LLP, making it a subsidiary effective June 1, 2026. The acquisition was completed for a cash consideration of ₹50,100 out of the LLP's total capital of ₹1,00,000. The newly incorporated LLP, with nil turnover, focuses on construction and real estate development, which aligns with the company's expansion objectives.

  • · The acquisition is considered a related party transaction as the promoter is interested, but it is stated to be carried out on an arm's length basis.
  • · LA PROVISO BUILDCON LLP was newly incorporated on June 1, 2026, and has nil turnover.
  • · The LLP's business includes development, construction, and execution of residential, commercial, and industrial park projects, as well as real estate property dealings.
  • · No governmental or regulatory approvals were required for the acquisition.
Elpro International Ltd. Merger/Acquisition positive materiality 5/10

02-06-2026

Elpro International Ltd has acquired 92,000 equity shares (fresh acquisition, no prior holding) of Jana Small Finance Bank Ltd for a cash consideration of INR 4.48 Crore. The acquisition is for investment purposes and is not a related-party transaction. Jana Small Finance Bank is the fourth largest small finance bank in India by AUM and deposits, with a total turnover of INR 6,374.77 Crore in FY 2025-26, up from INR 5,447.17 Crore in FY 2024-25 and INR 4,684.05 Crore in FY 2023-24, showing consistent growth.

  • · Jana Small Finance Bank was incorporated on July 24, 2006.
  • · The bank is the fourth largest small finance bank in India by AUM and deposit size.
  • · The acquisition is not a related-party transaction; no promoter/promoter group/group companies have interest in the target.
  • · No governmental or regulatory approvals were required for the acquisition.
  • · The consideration is cash-based.
Natura Hue Chem Ltd. Merger/Acquisition neutral materiality 6/10

02-06-2026

Archana Bhuwalka, Laxmi Devi Bhuwalka, and Balkishan Bhuwalka, acting in concert, acquired a total of 4,11,396 equity shares (9.92% stake) in Natura Hue Chem Limited through an off-market transaction on May 29, 2026. The acquirers are non-promoters and had no prior holding in the company. The acquisition was disclosed under SEBI Takeover Regulations.

  • · Acquisition date: May 29, 2026
  • · Mode of acquisition: Off Market
  • · Acquirers are non-promoters with PANs: Archana Bhuwalka (ASFPA7079Q), Laxmi Devi Bhuwalka (AKDPB0211F), Balkishan Bhuwalka (ADUPB1398M)
  • · No prior holding by any of the acquirers or PACs before the acquisition
  • · No shares were acquired through encumbrance, warrants, or convertible securities
Wipro Limited Company Update positive materiality 5/10

02-06-2026

Wipro Limited announced the completion of its step-down subsidiary Wipro IT Services, LLC's acquisition of an additional 20% stake in Aggne Global Inc. on June 1, 2026. The transaction was completed ahead of the expected June 5, 2026 deadline, and the company received intimation on June 2, 2026.

  • · Transaction completed on June 1, 2026, ahead of the expected June 5, 2026 deadline.
  • · Intimation received on June 2, 2026.
Kalpataru Limited Merger/Acquisition neutral materiality 3/10

02-06-2026

Kalpataru Limited's Executive Committee approved the withdrawal of a Scheme of Arrangement for demerger of Project Magnus from its step-down wholly owned subsidiary Kalpataru Properties Limited into the Company, as the benefit envisaged from the Scheme is no longer relevant. The withdrawal has no financial impact on the Company or the subsidiary.

  • · The Scheme was initially approved by the Board on January 22, 2024, and filed with the NCLT Mumbai on September 30, 2024.
  • · The Executive Committee meeting was held on June 2, 2026, and ended at 06:30 p.m.
  • · The appointed date for the Scheme was April 1, 2024, or as approved by the NCLT.
G R Infraprojects Limited Merger/Acquisition neutral materiality 3/10

02-06-2026

The filing is a disclosure under SEBI (SAST) Regulations, 2011, Regulation 29(2), regarding the acquisition of shares in G R Infraprojects Ltd by Ajendra Agarwal and Persons Acting in Concert (PACs). The filing does not disclose the deal size, valuation, swap ratio, or any financial metrics. The sector is listed as technology, though G R Infraprojects is primarily an infrastructure company, which may indicate a filing error or a strategic pivot. No positive or negative performance metrics are provided in this disclosure.

  • · The filing is made under Regulation 29(2) of SEBI (SAST) Regulations, which requires disclosure when an acquirer and PACs hold shares or voting rights entitling them to exercise 25% or more of the voting rights in a target company, or when they acquire control over the target.
  • · The sector is listed as 'technology' in the filing summary, which may be a misclassification as G R Infraprojects is primarily an infrastructure company (roads, highways, power).
  • · No details on the number of shares acquired, percentage of stake, or consideration paid are provided in this disclosure.
Anupam Rasayan India Limited Merger/Acquisition negative materiality 7/10

02-06-2026

Anupam Rasayan India Limited's promoter Anand Sureshbhai Desai created pledges on 31,50,000 equity shares (2.77% of total share capital) on May 25-26, 2026, to secure debt arising from the issuance of 16,000 senior, secured, rated, unlisted, non-convertible debentures (NCDs) aggregating to INR 160 Crore. Post-pledge, Anand Sureshbhai Desai's total encumbered shares increased to 69,75,780 (6.13% of total share capital), while other promoters like Mona Anandbhai Desai and Rehash Industrial and Resins Chemicals Private Limited already had encumbered shares of 26,80,000 (2.35%) and 50,00,000 (4.39%) respectively, with no new pledges from them.

  • · Anand Sureshbhai Desai's pre-pledge holding was 1,10,76,940 shares (9.73% of total share capital), of which 38,25,780 (3.36%) were already encumbered.
  • · Post-pledge, his total encumbered shares rose to 69,75,780 (6.13%), while his unencumbered shares reduced to 41,01,160 (3.60%).
  • · Other promoters with existing encumbrances: Mona Anandbhai Desai (26,80,000 shares, 2.35%), Rehash Industrial and Resins Chemicals Private Limited (50,00,000 shares, 4.39%).
  • · No new pledges were created by other promoters; their encumbered holdings remained unchanged.
  • · The pledges were created to secure debt from the issuance of 16,000 NCDs aggregating to INR 160 Crore.
PROMACT IMPEX LIMITED Merger/Acquisition mixed materiality 6/10

02-06-2026

Jayantibhai Somabhai Patel, a promoter of Promact Plastics Limited (formerly Promact Impex Limited), acquired 99,591 equity shares (1.53% of voting capital) on 29th May 2026 via open market purchase, increasing his personal stake from 5.57% to 7.10%. However, the overall promoter group holding slightly decreased from 40.42% to 40.30% due to concurrent sales by two PAC members (Patel Sachin Narottambhai sold 75,000 shares and Krishnaben Dharmendrabhai Patel sold 32,500 shares), resulting in a net reduction of 7,909 shares (-0.12%) for the group.

  • · The acquisition was made under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, Regulation 29(2) and 29(3).
  • · Mode of acquisition: Open market purchase.
  • · Date of acquisition: 29th May 2026.
  • · Post-acquisition, two PAC members (Patel Sachin Narottambhai and Krishnaben Dharmendrabhai Patel) reduced their holdings to zero.
  • · The total diluted share capital remains unchanged at 65,11,800 equity shares of ₹10 each.
Ajanta Pharma Limited Merger/Acquisition neutral materiality 1/10

02-06-2026

The filing is a disclosure under SEBI (SAST) Regulations, 2011, specifically Regulation 31(1) and 31(2), regarding Ravi Agrawal, trustee. The filing does not contain any financial metrics, deal structure details, or strategic rationale. No transaction value, share counts, or financial performance data are disclosed. The sector is incorrectly listed as 'technology' while Ajanta Pharma is a pharmaceutical company. The filing is purely procedural with no material financial or strategic information for investors.

Arman Holdings Limited Merger/Acquisition neutral materiality 3/10

02-06-2026

Arman Holdings Limited has disclosed a filing under Regulation 29(2) of SEBI (SAST) Regulations, 2011, indicating a substantial acquisition of shares by Lalchand Mehta and his Persons Acting in Concert (PACs). The filing does not provide any financial details, deal structure, valuation, or strategic rationale. The disclosure is purely regulatory, confirming the acquisition event but lacking quantitative data or context for investment analysis.

Jaro Institute of Technology Management and Research Limited Merger/Acquisition neutral materiality 1/10

02-06-2026

The filing is a disclosure under SEBI (SAST) Regulation 29(2) for Sanjay Namdeo Salunkhe, related to Jaro Institute of Technology Management and Research Limited. No deal structure, valuation, financial metrics, or strategic rationale are provided in the filing. The disclosure is purely regulatory and does not contain any quantitative data or performance metrics.

Caprihans India Ltd. Merger/Acquisition positive materiality 7/10

02-06-2026

Bilcare Limited, the sole promoter of Caprihans India Limited, converted 5,20,000 convertible warrants into equity shares on May 28, 2026, increasing its stake from 59.56% to 60.84%. The conversion is part of a first tranche, with 15,00,000 warrants still outstanding, which if fully converted would raise promoter holding to 64.11%.

  • · The conversion date and allotment of equity shares was May 28, 2026.
  • · Before the conversion, Bilcare held 94,78,325 equity shares (59.56% of total share capital) and 20,20,000 warrants.
  • · After the conversion, Bilcare holds 99,98,325 equity shares (60.84% of total share capital) and 15,00,000 warrants.
  • · If all remaining 15,00,000 warrants are fully converted, the promoter holding would increase to 1,14,98,325 shares, representing 64.11% of the diluted share capital.
  • · The public shareholding remained unchanged at 64,35,646 shares, decreasing from 40.44% to 39.16% post-conversion (undiluted basis).
Ravindra Energy Limited Merger/Acquisition mixed materiality 6/10

02-06-2026

Khandepar Investments Private Limited (KIPL), a promoter of Ravindra Energy Limited, disclosed the sale of 41,61,822 equity shares (2.33% of voting capital) between March 27–31, 2026 and June 1, 2026. This reduced KIPL's total holding from 33.53% to 32.29% of voting capital, while its encumbered shares (pledge) remained unchanged at 55,00,000 shares (3.08%). The sale reflects a modest dilution of promoter stake but no change in the company's equity capital.

  • · The sale was executed in two tranches: 19,61,822 shares between March 27-31, 2026 and 22,00,000 shares on June 1, 2026.
  • · KIPL's encumbered (pledged) shares remained unchanged at 55,00,000 shares (3.08% of voting capital) after the sale.
  • · The company's total equity share capital is ₹178,69,44,630 divided into 17,86,94,463 equity shares of ₹10 each.
  • · Total diluted share capital after the sale is ₹179,61,17,640.
Premier Polyfilm Limited Merger/Acquisition neutral materiality 4/10

02-06-2026

D L Millar & Co Ltd, a promoter group company of Premier Polyfilm Limited, acquired 2,10,000 equity shares (0.20% of total shareholding) of the target company through open market purchase on June 1, 2026. Following the acquisition, the promoter group's total shareholding increased from 14.45% to 14.65% of the total voting capital. The acquisition was disclosed under SEBI Takeover Regulations.

  • · The acquisition was made through open market purchase on June 1, 2026.
  • · The total equity share capital of Premier Polyfilm is ₹10,47,42,475 consisting of 10,47,42,475 equity shares of ₹1 each.
  • · D L Millar & Co Ltd is a promoter group company of Premier Polyfilm Limited.
  • · The disclosure was filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Fabtech Technologies Limited Merger/Acquisition positive materiality 6/10

02-06-2026

Fabtech Technologies Limited informed stock exchanges that its wholly owned subsidiary, Fabtech Technologies LLC, has signed a shareholders agreement to incorporate a new step-down subsidiary in Saudi Arabia, Specialized Contracting Activities LLC. Fabtech Technologies LLC will hold 51% of the new entity, with the remaining stake held by Mr. Saleh Mousa Eidhah Al-Zahrani and Specialized Contracting Activities LLC. The subscription will be in cash at face value, and the new entity will focus on specialized contracting (MEP and civil works) for non-pharma industries.

  • · Incorporation of Specialized Contracting Activities LLC is still under process and subject to regulatory approval from Saudi Arabia.
  • · The new entity will operate in the specialized contracting sector (MEP and civil) for non-pharma industries.
  • · Consideration is 100% cash subscription at face value per share.
  • · Fabtech Technologies LLC (wholly owned subsidiary of the listed company) will hold 51% of the step-down subsidiary.
Bliss GVS Pharma Limited Merger/Acquisition neutral materiality 2/10

02-06-2026

Bliss GVS Pharma Limited has filed a disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011, regarding Gagan Harsh Sharma and his Persons Acting in Concert (PACs). The filing is a procedural SAST disclosure and does not provide any financial details, deal valuation, or strategic rationale. No specific transaction value, share count, or financial metrics are disclosed in the filing.

  • · Filing is under Regulation 29(2) of SEBI SAST, which typically requires disclosure when an acquirer and PACs cross certain thresholds (e.g., 5%, 10%, 14%, etc.) or make a public announcement.
  • · The filing does not specify the exact trigger event (e.g., open market purchase, preferential allotment, or off-market transfer).
  • · No details on the number of shares acquired or the percentage of voting rights before/after the transaction.
Le Travenues Technology Limited Merger/Acquisition negative materiality 6/10

02-06-2026

Schroder Investment Management (Hong Kong) Limited, acting as discretionary fund manager for Schroders Group entities, disclosed a decrease of more than 2% in its shareholding in Le Travenues Technology Limited following an acquisition of shares on 29 May 2026. The filing was made under SEBI (SAST) Regulations, 2011, indicating a material change in ownership by a major institutional investor.

  • · The disclosure was made pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
  • · The acquirer (Schroders entities) does not belong to the Promoter/Promoter group of the target company.
  • · The acquisition of shares occurred on 29 May 2026.
  • · The filing was submitted to both BSE and NSE.
Apis India Ltd Merger/Acquisition neutral materiality 1/10

02-06-2026

The filing is a disclosure under SEBI (SAST) Regulations, 2011, specifically Regulation 10(5) in respect of an acquisition under Regulation 10(1)(a). The filing confirms an acquisition event but provides no financial details, deal structure, valuation, or strategic rationale. The sector is listed as 'technology', but the company name (Apis India Ltd) suggests a potential mismatch or error. No quantitative data, named entities, or scheduled events are disclosed.

  • · Filing is a disclosure under SEBI SAST Regulation 10(5) for an acquisition under Regulation 10(1)(a).
  • · No acquirer, target, or deal value disclosed.
  • · Sector listed as 'technology' but company name is Apis India Ltd (likely a data error).
  • · No financial metrics, shareholding changes, or promoter activity mentioned.
Switching Technologies Gunther Ltd. Merger/Acquisition neutral materiality 3/10

02-06-2026

The filing is a disclosure under Regulation 29(1) of SEBI (SAST) Regulations, 2011, received by BSE for Switching Technologies Gunther Ltd. The disclosure is made by Touristas Horizons (P) Ltd & Others, indicating a potential acquisition or change in shareholding. No specific deal structure, valuation, or financial details are provided in this disclosure, limiting the ability to assess strategic rationale or shareholder impact.

  • · The disclosure is made under Regulation 29(1) of SEBI SAST Regulations, which typically applies when an acquirer crosses certain shareholding thresholds (e.g., 5%, 10%, 14%, 54%, 74%) or makes a public announcement for an open offer.
  • · The acquirer is Touristas Horizons (P) Ltd & Others, suggesting a group or consortium may be involved.
  • · No specific share count, percentage acquired, or transaction value is disclosed in this summary.
Damodar Industries Limited Merger/Acquisition neutral materiality 2/10

02-06-2026

Calves N Leaves Initiatives Private Limited acquired 2,500 equity shares (0.011% of voting capital) of Damodar Industries Limited on June 1, 2026, through open market purchase. Post-acquisition, the acquirer's total holding increased from 3,16,104 shares (11.357%) to 3,18,604 shares (11.346%), representing a slight decrease in percentage due to a change in total voting capital from ₹1,65,00,000 to ₹1,65,00,000 (unchanged). The acquisition is a small open market transaction with no material change in control.

  • · Acquisition date: June 1, 2026
  • · Mode of acquisition: Open market
  • · Total voting capital of TC before and after acquisition: ₹1,65,00,000 (100%)
  • · Total diluted share/voting capital after acquisition: ₹1,65,00,000 (100%)
  • · The acquirer's percentage holding decreased slightly from 11.357% to 11.346% despite buying shares, likely due to a change in total voting capital or rounding.
Manbro Industries Limited Merger/Acquisition neutral materiality 1/10

02-06-2026

Manbro Industries Ltd disclosed a filing under SEBI SAST Regulation 29(2) regarding Securocrop Securities India Pvt Ltd & PACs. The filing is a regulatory disclosure with no financial details, deal structure, or strategic rationale provided. No quantitative data or scheduled events are mentioned.

United Foodbrands Limited Merger/Acquisition neutral materiality 6/10

02-06-2026

United Foodbrands Limited has announced that its subsidiary amalgamation scheme between Blue Planet Foods Private Limited (transferor) and Red Apple Kitchen Consultancy Private Limited (transferee) has been approved by the NCLT Bengaluru Bench on May 29, 2026, with the order received on June 2, 2026. The scheme will become effective upon filing with the Registrar of Companies from the appointed date of April 1, 2024.

  • · The approved appointed date for the amalgamation is April 1, 2024, which is retroactive
  • · The relevant regulatory sections invoked are Sections 230 to 232 of the Companies Act, 2013
  • · This is an update following a prior intimation dated July 29, 2024
Apis India Ltd Merger/Acquisition neutral materiality 2/10

02-06-2026

Apis India Ltd has received prior intimation from Mr. Amit Anand (Acquirer/Promoter) regarding a proposed inter-se transfer of 1,07,00,000 equity shares (7.77% of the company) by way of gift from Mrs. Sakshi Anand (Transferor) to Mr. Amit Anand, scheduled for June 08, 2026. The transfer is exempt under SEBI SAST Regulations as it is among promoter group members, and the aggregate promoter and promoter group holding remains unchanged. This is a routine internal reallocation of shares within the promoter family and does not impact the company's financials or operations.

  • · The proposed transfer is an off-market inter-se transfer among promoter group members.
  • · The exemption is under Regulation 10(1)(a)(i) and (ii) of SEBI SAST Regulations (immediate relatives and qualifying person being named as promoters for at least three years).
  • · The aggregate holding of the promoter and promoter group remains unchanged before and after the transaction.
  • · The filing date is June 02, 2026, and the proposed transfer date is June 08, 2026.
Navigant Corporate Advisors Limited Merger/Acquisition negative materiality 6/10

02-06-2026

The promoter group of Navigant Corporate Advisors Limited, led by Sarthak Vijlani along with Priyanka Vijlani and Navigant IR Services Private Limited, sold 1,30,000 shares (4.12% of share capital) in an open market sale on June 1, 2026. Following this sale, the promoter group's aggregate holding decreased from 40.21% to 36.09% of the total voting capital.

  • · The sale took place on June 1, 2026, and was disclosed via filing dated June 2, 2026
  • · The disclosure was made under SEBI Takeover Code Regulation 29(2), which pertains to disclosures by promoters for open market sales
  • · Total equity share capital of Navigant Corporate Advisors stands at 31,52,750 equity shares of face value ₹10 each, unchanged by the transaction
  • · No shares were encumbered (pledged) either before or after the sale
  • · The acquirer group includes Sarthak Vijlani, Priyanka Vijlani, and Navigant IR Services Private Limited

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