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India Merger Acquisition MCA Regulatory Filings — June 18, 2026

India MCA Merger & Acquisition Tracker

By Gunpowder Editorial ·

46 high priority 4 medium priority 50 total filings analysed

Executive Summary

The June 18, 2026, MCA Merger & Acquisition Tracker reveals a market dominated by high-conviction, strategic consolidation plays, particularly in the metals, energy, and electronics manufacturing sectors. Key themes include a wave of promoter stake consolidation via inter-se transfers and open market purchases, signaling strong insider confidence, alongside several large-scale acquisitions aimed at vertical integration and cost optimization.

Notable transactions include Lloyds Engineering's ₹1,073 Cr acquisition for a majority stake in Steel Infra Solutions, Amber Enterprises' ₹337 Cr deal to gain near-complete control of Ascent Circuits, and the Vedanta group's complex scheme of arrangement resulting in the listing of Vedanta Aluminium. While the majority of filings are routine SAST disclosures with limited data, the actionable intelligence is concentrated in a handful of high-materiality events that offer clear investment signals. The overall sentiment is cautiously positive, driven by strategic rationale and insider buying, but tempered by significant financial leverage in some deals and the pre-revenue status of certain acquisition targets.

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 June 17, 2026.

Investment Signals (12)

  • Acquiring 88.12% of Steel Infra Solutions for ~₹1,073 Cr; target has strong financials (FY26 turnover ₹816.87 Cr, net profit ₹43.42 Cr) and 100,000 MT capacity. Deal uses share swap (₹71.25/share) and cash.

  • Amber Enterprises (IL JIN Electronics) (BULLISH)

    Acquiring additional 38.5% in Ascent Circuits for ₹336.75 Cr to reach 98.5% ownership, enhancing vertical integration in electronics manufacturing.

  • Promoter Shalin Sheth acquired 9.14% via off-market inter-se transfer, increasing his stake from 51.20% to 60.34%, a strong signal of promoter conviction.

  • Completed acquisition of 55% stake in Associated Power Structures, making it a subsidiary, expanding its renewable energy portfolio.

  • Wipro (BULLISH)

    Acquiring additional 20% in Aggne Global IT Services for USD 2.1M (total stake 80%), strengthening its Property & Casualty Insurance sector capabilities.

  • Acquired 26% in Emerge Green Power for ₹75 lakhs to qualify as a captive solar power user, aiming to reduce energy costs and support ESG goals.

  • Commenced solar power project expected to reduce power costs by 12-13% annually, a direct margin improvement catalyst.

  • Promoter Vijay Kumar acquired 3.44 million shares (14.27% stake), a significant insider purchase indicating strong confidence.

  • Promoter Ramesh Parekh acquired 50,000 shares via open market, increasing stake to 28.74%, a continued sign of insider confidence.

  • Acquired a minor stake in GMR Power and Urban Infra, which reported a dramatic swing from a ₹746.60 Cr net profit to a ₹149.57 Cr net loss, making this a high-risk investment.

  • Increased stake in pre-revenue battery tech company IBC to 20.47% for USD 6.09M total; high-risk, high-reward bet on future technology. [NEUTRAL/BULLISH]

  • Infused ₹45 Cr into a pre-revenue subsidiary (incorporated July 2025) via rights issue, a long-term capital allocation play.

Risk Flags (9)

  • High financial leverage risk; the company approved new borrowings of up to ₹1,000 Cr alongside the ₹1,073 Cr acquisition, significantly increasing debt burden.

  • Target company GMR Power reported a massive financial deterioration, with turnover declining for three consecutive years and swinging from a ₹746.60 Cr profit to a ₹149.57 Cr loss.

  • Converting a ₹12.64 Cr loan into equity of subsidiary Miljon Mediapp, which has reported nil turnover for two years and a net worth of only ₹31.97 lakh.

  • Investment in International Battery Company (IBC) is in a pre-revenue company with nil turnover for three fiscal years, carrying significant execution and technology risk.

  • NDTV / GoodTimes Acquisition [MEDIUM RISK]

    The acquisition of the 'GoodTimes' channel is delayed again, with the timeline extended by another month, indicating potential regulatory or structural hurdles.

  • Promoter group member sold 36,223 shares (0.35% of capital) over two consecutive days, a small but notable insider sale.

  • Promoter Kavitha Reddy sold 20,000 shares (0.07% dilution), a minor but direct insider sale.

  • Eveready Industries [MEDIUM RISK]

    Potential change in control via Nexome Capital Markets; lack of deal terms creates uncertainty for minority shareholders.

  • Multiple SAST Filings (e.g., Tai Industries, M&B Engineering) [LOW RISK]

    Numerous filings lack deal value, share count, or strategic rationale, creating information asymmetry and uncertainty for investors.

Opportunities (10)

  • Post-acquisition, LEWL gains access to SISCOL's 100,000 MT capacity and landmark project credentials (Delhi Airport). The deal is structured with a share swap component, potentially aligning interests. Monitor EGM on July 15, 2026, for approval.

  • Amber Enterprises (OPPORTUNITY)

    The near-full ownership of Ascent Circuits (98.5%) allows for complete operational and strategic control, likely leading to improved margins and synergy realization in the electronics manufacturing space.

  • Shyam Metalics (OPPORTUNITY)

    The 26% stake in Emerge Green Power is a strategic move to secure low-cost solar power, directly improving cost competitiveness and ESG profile.

  • Sportking India (OPPORTUNITY)

    The 12-13% reduction in power costs from the new solar project is a direct, quantifiable margin driver for a textile manufacturer.

  • The promoter's significant stake increase (to 60.34%) signals high conviction and aligns interests with minority shareholders.

  • The acquisition of a 55% stake in APSPL expands its renewable energy footprint; look for further integration details and revenue contribution.

  • Wipro (OPPORTUNITY)

    The modest USD 2.1M acquisition of an additional 20% in Aggne is a low-cost bolt-on to deepen capabilities in the growing P&C insurance IT services niche.

  • Anmol India (OPPORTUNITY)

    The promoter's purchase of 3.44 million shares is a massive vote of confidence; monitor for further corporate actions or strategic shifts.

  • Dollar Industries (OPPORTUNITY)

    The Composite Scheme of Arrangement to merge nine entities is a major corporate restructuring event. Shareholder and creditor meetings are on July 22, 2026. The outcome could unlock significant value.

  • The listing of VAML post-scheme of arrangement creates a new, pure-play aluminium investment vehicle with strong promoter control (56.38%).

Sector Themes (6)

  • Strategic Consolidation in Metals & Energy

    Multiple filings (Lloyds Engineering, Shyam Metalics, Vedanta group) show a clear trend of companies acquiring or consolidating assets to gain scale, secure raw materials, or achieve vertical integration. This is a bullish signal for the sector's long-term competitiveness.

  • Promoter Stake Consolidation as a Bullish Signal

    A cluster of filings (Advait Energy, Anmol India, Gandhar Oil, Premier Polyfilm) shows promoters increasing their stakes via open market or inter-se transfers. This pattern indicates strong insider conviction and often precedes value-unlocking events.

  • Shift Towards Captive Renewable Energy

    Both Shyam Metalics and Sportking India are making strategic investments to secure low-cost solar power. This theme is likely to expand as energy costs become a larger competitive differentiator for manufacturing companies.

  • High-Risk, High-Reward Bets on Pre-Revenue Tech

    Himadri Speciality Chemical and GlobalSpace Technologies are investing in pre-revenue entities (battery tech and pharma tech, respectively). This reflects a willingness to take long-term, speculative positions in emerging technologies.

  • Routine SAST Filings Dominate, But Offer Little Actionable Data

    Over 50% of the filings are procedural SAST disclosures with no financial details. This highlights a significant information gap for investors relying solely on these filings, making the few high-detail filings (like Lloyds and Amber) even more critical.

  • Electronics Manufacturing Consolidation

    Amber Enterprises' move to gain near-full control of Ascent Circuits is a microcosm of the broader consolidation trend in the Indian electronics manufacturing ecosystem, driven by the PLI scheme and global supply chain shifts.

Watch List (8)

  • EGM on July 15, 2026, to approve the SISCOL acquisition. Watch for shareholder dissent on the high debt (₹1,000 Cr borrowing plan).

  • Shareholder and creditor meetings on July 22, 2026, to approve the Composite Scheme of Arrangement. The outcome is a key catalyst.

  • NDTV
    👁

    The 'GoodTimes' channel acquisition is expected to close within one month. Any further delays or regulatory issues would be negative.

  • The second tranche of the Ascent Circuits acquisition (1% stake) is due by June 30, 2026. Successful completion will mark full control.

  • 👁

    The Aggne Global IT Services acquisition is expected to close by June 30, 2026. A smooth closure would validate the strategy.

  • The conversion of loan to equity in Miljon Mediapp is expected by July 31, 2026. Watch for any operational updates from the subsidiary.

  • Vedanta Group Entities
    👁

    Monitor for further SAST filings from Twin Star Holdings regarding Vedanta Power, Vedanta Oil & Gas, and Vedanta Iron & Steel, which could signal further consolidation or restructuring.

  • The substantial acquisition by Nexome Capital Markets could lead to an open offer or change in control. Watch for a detailed public statement.

Filing Analyses (50)
Eveready Industries India Limited Merger/Acquisition neutral materiality 5/10

18-06-2026

Eveready Industries India Ltd has filed a disclosure under Regulation 29(1) of SEBI (SAST) Regulations, 2011, indicating that Nexome Capital Markets Ltd and its Persons Acting in Concert (PACs) have crossed a substantial acquisition threshold. The filing does not disclose the deal value, share count, or specific terms of the transaction. However, the disclosure signals a potential change in control or significant stake accumulation, which could impact the company's governance and strategic direction. No financial metrics or performance data are provided in this filing.

  • · The filing is made under Regulation 29(1) of SEBI SAST Regulations, which requires disclosure when an acquirer and PACs together hold 5% or more shares, or when there is a change in control.
  • · No details on the exact shareholding percentage acquired or the trigger event are provided in the summary.
  • · The sector is listed as 'technology', but Eveready Industries India Ltd is traditionally a battery and flashlight manufacturer; this may be a misclassification or indicate a strategic pivot.
M & B Engineering Limited Merger/Acquisition neutral materiality 3/10

18-06-2026

M & B Engineering Limited has filed a disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011, regarding Birva Chirag Patel & Others. The filing is a regulatory disclosure of a substantial acquisition of shares or takeovers, but no specific deal structure, valuation, or financial terms are disclosed. The sector is technology, but the filing lacks quantitative data on transaction value, share counts, or financial metrics, limiting actionable insights.

  • · Filing is under Regulation 29(2) of SEBI SAST Regulations, which typically requires disclosure when an acquirer crosses certain thresholds (e.g., 5%, 10%, 14%, etc.) or makes a public announcement for an open offer.
  • · Acquirer identified as 'Birva Chirag Patel & Others' - likely an individual or group of individuals.
  • · No details on whether this is a creeping acquisition, open offer, or other transaction type.
Tai Industries Ltd. Merger/Acquisition neutral materiality 3/10

18-06-2026

The filing is a disclosure under SEBI (SAST) Regulations, 2011, specifically Regulation 29(2), regarding the acquisition of shares in Tai Industries Ltd. by Utsav Promoters Pvt Ltd. The filing does not disclose the deal value, share count, percentage changes, or any financial metrics. The sector is classified as technology, but no strategic rationale, valuation details, or regulatory pathway information is provided. The disclosure is purely procedural, indicating a substantial acquisition has occurred, but lacks quantitative data for a comprehensive analysis.

  • · The filing is a disclosure under Regulation 29(2) of SEBI SAST Regulations, indicating a substantial acquisition of shares in Tai Industries Ltd. by Utsav Promoters Pvt Ltd.
  • · No financial metrics, deal value, share count, or percentage changes are disclosed in the filing.
  • · The sector is classified as technology, but no strategic rationale or valuation details are provided.
GAMCO LIMITED Merger/Acquisition neutral materiality 2/10

18-06-2026

Raj Goenka, a promoter group member of GAMCO LIMITED, acquired 19,922 equity shares (face value ₹2 each) via open market transaction on June 16, 2026, increasing his total holding from 12,59,997 shares (2.33%) to 12,79,919 shares (2.37%). The acquisition represents a marginal 0.04% increase in the promoter's stake, indicating a very small change in ownership.

  • · The acquisition was made under Regulation 29(2) of SEBI SAST Regulations, 2011.
  • · The acquirer belongs to the promoter group of GAMCO LIMITED.
  • · No shares were encumbered (pledge/lien/non-disposal undertaking) before or after the acquisition.
  • · The total diluted share capital of the company remains unchanged at ₹10,80,63,000 (5,40,31,500 equity shares of ₹2 each).
  • · The transaction was executed on June 16, 2026, and the disclosure was filed on June 18, 2026.
Mtar Technologies Limited Merger/Acquisition neutral materiality 3/10

18-06-2026

Promoter Kavitha Reddy Gangapatnam sold 20,000 equity shares of MTAR Technologies Limited on the open market on June 16, 2026, reducing her holding from 0.72% to 0.65% of the total voting capital. The sale represents a 0.07% dilution of her stake and was disclosed under SEBI Takeover Regulations.

  • · The sale was executed on the open market on June 16, 2026.
  • · The promoter's holding decreased from 0.72% to 0.65% of total voting capital.
  • · The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
  • · The equity shares have a face value of ₹10 each.
  • · The company's total diluted share/voting capital after the sale remains divided into fully paid equity shares of ₹10 each.
Savita Oil Technologies Limited Merger/Acquisition neutral materiality 1/10

18-06-2026

Savita Oil Technologies Limited filed a disclosure under Regulation 10(6) of SEBI (SAST) Regulations, 2011 on June 18, 2026, regarding Siddharth Mehra. The filing is a procedural SAST disclosure and does not contain any details on deal structure, valuation, strategic rationale, or financial impact. No quantitative data, named entities beyond the individual, or scheduled events are disclosed. The filing is purely regulatory and provides no actionable investment information.

Waaree Renewable Technologies Limited Merger/Acquisition positive materiality 7/10

18-06-2026

Waaree Renewable Technologies Limited has completed the acquisition of a 55% equity stake in Associated Power Structures Private Limited (APSPL) through primary and secondary transactions, making APSPL a subsidiary. The acquisition was finalized on June 18, 2026, following prior intimations on January 26, May 7, and June 15, 2026.

  • · The acquisition was completed through both primary (allotment) and secondary (transfer) transactions.
  • · Prior intimations were made on January 26, 2026, May 7, 2026, and June 15, 2026.
  • · The company received intimation of the acquisition completion at 14:30 p.m. IST on June 18, 2026.
  • · APSPL was formerly known as Associated Power Structures Limited.
Mid East Portfolio Management Ltd. Merger/Acquisition neutral materiality 2/10

18-06-2026

Mid East Portfolio Management Ltd has filed a disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011, regarding Jyoti Kishor Shah. The filing is a regulatory compliance disclosure and does not provide any details on deal structure, valuation, strategic rationale, or financial impact. No specific transaction value, share count, or financial metrics are disclosed.

  • · The disclosure is made under Regulation 29(2) of SEBI SAST Regulations, which typically pertains to disclosures by persons who have acquired shares or voting rights in a company.
  • · No details on the nature of acquisition (open market, preferential allotment, etc.) or the percentage of shares acquired are provided in the filing summary.
ADVAIT ENERGY TRANSITIONS LIMITED Merger/Acquisition neutral materiality 3/10

18-06-2026

The filing is a disclosure under SEBI (SAST) Regulation 29(2) by Advait Energy Transitions Limited regarding Shalin Sheth. No specific deal structure, valuation, or strategic rationale is disclosed. The filing is purely procedural, indicating a potential substantial acquisition of shares or change in control, but lacks any quantitative or qualitative details about the transaction.

  • · The filing is a disclosure under SEBI SAST Regulation 29(2) for Shalin Sheth.
  • · No details on the nature of the acquisition (open market, preferential allotment, etc.) are provided.
  • · The filing does not specify whether this is an acquisition of shares, voting rights, or control.
Anand Rathi Share and Stock Brokers Limited Merger/Acquisition neutral materiality 2/10

18-06-2026

Anand Rathi Share and Stock Brokers Limited disclosed a purchase of equity shares by a promoter group member via open market, as required under SEBI SAST Regulations. The filing does not provide specific details on the number of shares, price, or resulting ownership change, limiting the materiality of the event.

  • · Filing is under Regulation 29(1) of SEBI SAST Regulations, 2011.
  • · Disclosure received from a member of the Promoter Group.
  • · Purchase was executed via open market.
  • · No quantitative details (shares, price, percentage) are provided in the filing.
Linc Limited Merger/Acquisition neutral materiality 1/10

18-06-2026

The filing is a disclosure under SEBI SAST Regulation 29(2) for Linc Limited, reporting an acquisition of shares by Jyoti Goenka. No financial details, deal size, valuation, or strategic rationale are provided in the filing. The event is purely a regulatory disclosure with no quantitative data on transaction value, share count, or financial metrics.

ADVAIT ENERGY TRANSITIONS LIMITED Merger/Acquisition positive materiality 8/10

18-06-2026

Promoters Shalin Sheth and Rejal Sheth have disclosed an off-market inter-se transfer of 1,000,000 shares (9.14% of equity) in Advait Energy Transitions Limited on June 16, 2026. Following the transfer, Shalin Sheth's holding increased from 51.20% to 60.34%, while Rejal Sheth's holding decreased from 14.88% to 5.74%, resulting in a net promoter group increase of 9.14%.

  • · The transfer was executed off-market on June 16, 2026.
  • · Shalin Sheth's post-transfer holding is 66,02,500 shares (60.34% of total voting capital).
  • · Rejal Sheth's post-transfer holding is 6,28,179 shares (5.74% of total voting capital).
  • · The total diluted share capital of the company remains unchanged at 1,09,43,011 shares.
  • · Disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Wipro Limited Company Update positive materiality 6/10

18-06-2026

Wipro Limited announced it will acquire an additional 20% stake in Aggne Global IT Services Private Limited, increasing its total shareholding to 80%. The transaction, valued at USD 2.1 million in cash, is expected to close by June 30, 2026, and aims to strengthen Wipro's competitive advantage in the Property & Casualty Insurance sector through AI and IP-led transformations. While Aggne's revenue has grown steadily from USD 18.9 Mn (FY24) to USD 27.5 Mn (FY26), the acquisition cost is relatively modest, and no regulatory approvals are required.

  • · The initial 60% stake acquisition was completed on February 14, 2024.
  • · The target entity operates in the Information Technology, consulting, and managed services industry for the Property & Casualty Insurance sector.
  • · The acquisition does not fall under related party transactions, and no promoter/group interest is involved.
  • · No government or regulatory approvals are required for this transaction.
  • · A separate disclosure will be made if Wipro acquires any further stake beyond 80%.
Suraj Industries Limited. Merger/Acquisition neutral materiality 6/10

18-06-2026

Suraj Industries Ltd. announced board approval to acquire equity shares of its material subsidiary Carya Chemicals & Fertilizers Private Limited (CARYA) by converting an outstanding unsecured loan of ₹25,00,00,000 (Rupees Twenty-Five Crores) into fully paid-up equity shares. The transaction, based on an IBBI registered valuer's report and classified as a related party transaction, is expected to be completed within approximately two weeks. CARYA, which commenced commercial operations in April 2025, reported a turnover of ₹87.11 Crore for FY2026, while the company itself had no revenue in the prior two years.

  • · CARYA was incorporated on May 22, 2013 with registered office at G.F., F-32/3, Okhla Industrial Area, Phase – II, New Delhi – 110020.
  • · CARYA has set up a Bottling Plant for manufacture of Indian Made Foreign Liquor and Country Liquor, which commenced commercial operations in April 2025.
  • · The company is in the process of setting up a Distillery for the manufacture of Extra Neutral Alcohol, currently under construction.
  • · CARYA had nil turnover in both FY2024 and FY2025, with turnover of ₹87.11 Crore in FY2026.
  • · The board meeting commenced at 5:00 PM IST and concluded at 5:45 PM IST on June 18, 2026.
  • · Prior approvals for the transaction were obtained from the Audit Committee and Board on March 29, 2025 and July 28, 2025, and from members at the EGM on April 28, 2025 and the 33rd AGM on August 26, 2025.
  • · The exact percentage of shareholding to be acquired will be determined and disclosed upon allotment of shares.
  • · No cash consideration is involved; the consideration is solely through conversion of the unsecured loan.
  • · No other governmental or regulatory approvals beyond the Companies Act and SEBI LODR Regulations are required.
Dollar Industries Limited Merger/Acquisition neutral materiality 8/10

18-06-2026

Dollar Industries Limited has filed a notice for meetings of equity shareholders and unsecured creditors to approve a Composite Scheme of Arrangement involving the merger of nine entities (including Dindayal Texpro Private Limited, Dollar Brands Private Limited, and others) into Dollar Industries Limited. The meetings are scheduled for July 22, 2026, via video conferencing, as directed by the NCLT Kolkata Bench. The filing does not disclose any financial terms or performance metrics, so no positive or negative financial trends can be assessed.

  • · The NCLT order was passed on 11 May 2026 in C.A. (CAA) No. 52/KB/2026.
  • · Equity shareholders meeting: 22 July 2026 at 12:00 PM IST via VC/OAVM.
  • · Unsecured creditors meeting: 22 July 2026 at 2:30 PM IST via VC/OAVM.
  • · Cut-off date for equity shareholders to vote: 15 July 2026.
  • · Cut-off date for unsecured creditors to vote: 31 March 2026.
  • · Remote e-voting for equity shareholders runs from 19 July 2026 (9:00 AM) to 21 July 2026 (5:00 PM).
  • · The scheme involves demerger of Dindayal Texpro Private Limited and transfer of eight other companies into Dollar Industries Limited.
  • · Valuation report dated 26 September 2025 was prepared by KPMG Valuation Services LLP.
  • · Fairness opinion report dated 26 September 2025 was issued by VC Corporate Advisors Pvt. Ltd.
  • · Observation letters from BSE (10 March 2026) and NSE (6 March 2026) are included in the filing.
Shyam Metalics and Energy Limited Merger/Acquisition positive materiality 6/10

18-06-2026

Shyam Metalics and Energy Limited (SMEL) has acquired a 26% equity stake in Emerge Green Power Private Limited (EGPPL) for ₹75,01,260, making EGPPL an associate company. The investment is aimed at qualifying as a captive user under the Electricity Act, 2003, enabling SMEL to procure solar power at preferential tariffs, reduce energy costs, and support its ESG goals. EGPPL was incorporated in February 2025 and has not yet commenced operations, with no prior turnover.

  • · EGPPL was incorporated on February 17, 2025, and has not yet commenced business; its turnover for the last 3 years is nil.
  • · The acquisition does not fall under related party transactions, and the promoter/promoter group/group companies have no interest in EGPPL.
  • · The shares were acquired at a face value of ₹10 each with a premium of ₹278.51 per share.
  • · The acquisition was completed on June 18, 2026, via a single tranche payment through RTGS.
  • · No governmental or regulatory approvals were required for the acquisition.
New Delhi Television Limited Merger/Acquisition neutral materiality 6/10

18-06-2026

New Delhi Television Limited (NDTV) has disclosed an update on its proposed acquisition of the 'GoodTimes' channel business undertaking from Lifestyle & Media Broadcasting Limited. The transaction is still underway and is now expected to close within approximately one month, subject to receipt of statutory and regulatory approvals. No financial terms or period-over-period comparisons were provided in this update.

  • · The proposed transaction was originally disclosed on September 19, 2025, with subsequent updates on December 18, 2025, and March 20, 2026.
  • · The expected completion timeline has been extended by approximately one month from the date of this filing (June 18, 2026).
  • · Consummation remains subject to receipt of applicable statutory and regulatory approvals and fulfilment of customary conditions precedent.
GeeCee Ventures Limited Merger/Acquisition mixed materiality 3/10

18-06-2026

GeeCee Ventures Limited acquired 2,500 equity shares of GMR Power and Urban Infra Limited (GPUIL) for Rs. 0.03 crores (2.54 lakhs) through open market purchase, increasing its total investment in GPUIL to Rs. 2.14 crores. The acquisition is a minor portfolio investment representing 0.03% of GPUIL's paid-up capital. However, GPUIL reported a significant decline in financial performance, with turnover dropping from Rs. 480.89 Crore in FY 2024-25 to Rs. 367.28 Crore in FY 2025-26, and a net loss of Rs. 149.57 Crore in FY 2025-26 compared to a net profit of Rs. 746.60 Crore in the prior year.

  • · GPUIL's turnover has declined for three consecutive years: from Rs. 1408.78 Crore (FY 2022-23) to Rs. 778.96 Crore (FY 2023-24) to Rs. 480.89 Crore (FY 2024-25) to Rs. 367.28 Crore (FY 2025-26).
  • · GPUIL swung from a net profit of Rs. 746.60 Crore in FY 2024-25 to a net loss of Rs. 149.57 Crore in FY 2025-26.
  • · The acquisition price per share was Rs. 101.5.
  • · GPUIL has an authorized capital of Rs. 550 Crore and paid-up capital of Rs. 390.51 Crore.
  • · GPUIL's energy business has commissioned capacity of ~2,840 MW and ~1,775 MW under development.
  • · The shares are expected to be credited on June 19, 2026.
Himadri Speciality Chemical Limited Merger/Acquisition neutral materiality 6/10

18-06-2026

Himadri Speciality Chemical Ltd has made an additional investment of USD 0.66 million in International Battery Company Inc. (IBC), acquiring 600,000 common shares, increasing its stake from 17.29% to 20.47% on a fully diluted basis. The total cost of acquisition for the 20.47% stake is USD 6.09 million. IBC is a pre-revenue battery technology company with nil turnover in its last three fiscal years, and the investment is not a related party transaction.

  • · IBC's authorized capital: 20,134,325 common shares and 9,034,325 preferred shares, each with par value USD 0.00001.
  • · IBC's paid-up capital: 9,541,638 common shares and 7,802,005 preferred shares.
  • · IBC has nil turnover for FY23, FY24, and FY25 (ending Dec 31, 2025).
  • · IBC incorporated on 24/10/2022 in Delaware, USA, with presence in South Korea and Bengaluru.
  • · The acquisition does not fall under related party transactions.
  • · Himadri's stake breakdown: 17.46% in common stock and 3.01% in preferred stock.
GlobalSpace Technologies Limited Merger/Acquisition mixed materiality 6/10

18-06-2026

GlobalSpace Technologies Limited's board approved the conversion of a ₹12.64 crore loan into equity shares of its subsidiary, Miljon Mediapp Private Limited, increasing its stake to 99.83%. The acquisition is a non-related party transaction in the pharma tech sector, with completion expected by July 31, 2026. Notably, Miljon has reported nil turnover for the past two fiscal years (FY25-26 and FY24-25) and a net worth of only ₹31.97 lakh as of March 31, 2026, indicating the subsidiary is currently non-operational.

  • · Miljon Mediapp Private Limited was converted from an LLP to a company on March 29, 2025.
  • · The acquisition does not require any governmental or regulatory approvals.
  • · The board meeting commenced at 3:41 PM and concluded at 7:00 PM on June 18, 2026.
  • · Miljon's turnover for both FY24-25 and FY25-26 was nil.
Getalong Enterprise Limited Merger/Acquisition neutral materiality 3/10

18-06-2026

On June 18, 2026, promoter and director Mrs. Sweety Rahul Jain acquired 5,000 equity shares of Getalong Enterprise Limited at ₹8.00 per share via open market purchase, increasing her holding from 10,10,000 shares (4.77%) to 10,15,000 shares (4.79%). The acquisition details were disclosed under SEBI Takeover and Insider Trading Regulations across multiple filings.

  • · The acquisition was executed on the open market via BSE (script code 543372).
  • · Mr. Harsha Vikram Jain (Managing Director) signed the company's disclosure to BSE.
  • · Separate Form C filing under SEBI Insider Trading Regulations was also made for the same transaction.
  • · No trading in derivatives by the promoter was reported in the disclosure.
  • · The promoter's PAN is ASCPK9951G.
Adishakti Loha and Ispat Limited Merger/Acquisition neutral materiality 2/10

18-06-2026

Adishakti Loha and Ispat Ltd filed a disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011 for Rukmani Devi Mittal on June 18, 2026. The filing only confirms receipt of the SAST disclosure from the concerned party but does not provide any deal-specific details such as transaction value, share count, or strategic rationale. The sector listed as 'technology' appears inconsistent with the company name, which suggests operations in steel/iron, indicating a possible classification error or the target's sector. No positive or negative metrics are disclosed; the filing is purely procedural under takeover regulations.

Vedanta Aluminium Metal Ltd Merger/Acquisition neutral materiality 8/10

18-06-2026

Promoter and promoter group entities of Vedanta Aluminium Metal Limited (VAML) have been allotted 2,20,48,67,749 equity shares (56.38% of the post-allotment capital) pursuant to a Composite Scheme of Arrangement sanctioned by the NCLT Mumbai Bench. The shares were allotted on May 4, 2026, and listed on BSE and NSE effective June 15, 2026. This transaction consolidates promoter control over VAML, with Twin Star Holdings Ltd receiving the largest block (40.02%).

  • · The allotment was made pursuant to a Composite Scheme of Arrangement sanctioned by the NCLT Mumbai Bench on December 16, 2025.
  • · Before the allotment, VAML had only 1,00,000 equity shares (face value ₹1 each); after allotment, the total equity share capital is 3,91,03,88,057 shares.
  • · The shares were listed and admitted for trading on BSE and NSE effective June 15, 2026.
  • · Individual promoter group members (Pravin Agarwal, Suman Didwania, Ankit Agarwal, Sakshi Mody) received only nominal share allotments (1,000; 87,696; 36,300; 18,000 shares respectively), representing negligible percentages.
  • · No shares were allotted to several listed PAC entities including Finsider International, Vedanta UK Investments, Westglobe, Richter Holding, and others.
Vedanta Power Ltd Merger/Acquisition neutral materiality 3/10

18-06-2026

The filing is a disclosure under SEBI (SAST) Regulations, 2011, Regulation 29(1), received by BSE from Twin Star Holdings Ltd & Others regarding Vedanta Power Ltd. The event date is June 18, 2026, and the company is classified under the technology sector. However, the filing contains no specific financial details, deal structure, valuation, or strategic rationale—only the regulatory disclosure itself. No quantitative data, named entities, or scheduled events are provided beyond the parties involved and the regulation cited.

  • · Filing is a disclosure under SEBI SAST Regulation 29(1) for Vedanta Power Ltd by Twin Star Holdings Ltd & Others.
  • · Event date: June 18, 2026.
  • · Sector classified as technology.
  • · No deal value, share count, or financial metrics disclosed in the filing.
Kotyark Industries Ltd Merger/Acquisition neutral materiality 4/10

18-06-2026

Mrs. Bhaviniben Gaurang Shah, a promoter group member of Kotyark Industries Ltd, sold a total of 36,223 equity shares (0.35% of total voting capital) through open market transactions on June 15-16, 2026. Post-sale, her individual holding decreased from 6.14% to 5.79%, while the overall promoter group holding declined from 58.01% to 57.66%. The sale represents a modest reduction in promoter stake, but the promoter group retains a majority controlling interest.

  • · The sale was executed via open market transactions on two consecutive days: 26,000 shares on June 15, 2026, and 10,223 shares on June 16, 2026.
  • · Post-sale, Bhaviniben Shah holds 5,95,120 shares (5.79% of voting capital).
  • · The total promoter group holding after the sale is 59,26,255 shares (57.66% of voting capital).
  • · The equity share capital of the company is ₹10,27,91,160 divided into 1,02,79,116 equity shares of ₹10 each.
  • · No other promoter group members (including Mr. Gaurang Rameshchandra Shah, who holds 50.26%) changed their holdings.
Indo-City Infotech Ltd. Merger/Acquisition neutral materiality 1/10

18-06-2026

Indo-City Infotech Ltd. filed a disclosure under SEBI SAST Regulation 29(2) regarding Aneel Jain. No deal structure, valuation, or strategic rationale is provided in the filing. The disclosure is purely procedural with no quantitative data.

IRONWOOD EDUCATION LIMITED Merger/Acquisition neutral materiality 2/10

18-06-2026

The filing is a revised disclosure under SEBI (SAST) Regulations, 2011 by Capri Global Ventures Pvt Ltd regarding its acquisition of shares in Ironwood Education Ltd. The filing does not disclose the deal value, share count, or any financial metrics, making it a procedural compliance update with no quantitative data to assess materiality or performance.

  • · Filing is a revised disclosure under SAST Regulation 29(1) by Capri Global Ventures Pvt Ltd.
  • · No deal value, share count, or financial metrics are disclosed in the filing.
Navigant Corporate Advisors Limited Merger/Acquisition neutral materiality 2/10

18-06-2026

The BSE filing confirms a disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011, by Alacrity Securities Ltd & Others regarding Navigant Corporate Advisors Limited. However, the filing does not disclose any deal terms, financial metrics, shareholding changes, valuation details, or strategic rationale. Without specific numbers or transaction structure, the announcement is purely informational with no material financial impact identified.

Apis India Ltd Merger/Acquisition neutral materiality 3/10

18-06-2026

Apis India Ltd disclosed an inter-se transfer of shares among its promoter and promoter group, as required under SEBI Takeover Regulations. The disclosure was filed on June 18, 2026, based on receipts from Mr. Amit Anand and Mrs. Sakshi Anand. No financial details or transaction values were provided in the filing.

  • · Filing made under Regulation 29(1) & (2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
  • · Disclosures received from Mr. Amit Anand and Mrs. Sakshi Anand
  • · Scrip Code: 506166
  • · Filing date: June 18, 2026; transaction date: June 17, 2026
Multiplus Holdings Ltd. Merger/Acquisition neutral materiality 1/10

18-06-2026

Multiplus Holdings Ltd. has received a disclosure under SEBI (SAST) Regulations, 2011 from Mili Jignesh Sheth, indicating a potential substantial acquisition of shares. The filing is purely procedural under Regulation 29(1) and does not disclose any deal structure, valuation, strategic rationale, or financial impact. No quantitative data, named entities beyond the filer, or scheduled events are provided. The disclosure is informational with no actionable investment signal.

Anmol India Limited Merger/Acquisition neutral materiality 6/10

18-06-2026

Promoter Director Vijay Kumar acquired 3,440,000 equity shares of Anmol India Limited on June 16, 2026, increasing his total holding to 8,123,750 shares (14.27% of the company's equity share capital). The acquisition was made under SEBI Takeover Regulations and represents a significant increase from his prior holding of 14,683,750 shares (the prior percentage is not calculable from the filing due to missing prior total capital). The filing does not disclose the acquisition price or mode of acquisition.

  • · The acquisition was disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.
  • · Vijay Kumar's prior holding before the acquisition was 14,683,750 shares (the prior percentage is not provided in the filing).
  • · The mode of acquisition is not specified in the filing.
  • · The acquisition date is June 16, 2026.
  • · The company's equity shares have a face value of ₹10 each.
Rajputana Stainless Ltd Merger/Acquisition neutral materiality 1/10

18-06-2026

Rajputana Stainless Ltd filed a disclosure under SEBI (SAST) Regulations, 2011 for Yashkumar Mehta & PACs. The filing is a regulatory disclosure under Regulation 29(2) and does not provide any financial details, deal structure, or strategic rationale. No quantitative data, transaction value, or shareholding changes are disclosed in the filing.

  • · The filing is a disclosure under Regulation 29(2) of SEBI SAST Regulations, 2011.
  • · The acquirer is Yashkumar Mehta & PACs.
  • · No financial details, deal value, or shareholding changes are provided in the filing.
Suraj Products Ltd. Merger/Acquisition neutral materiality 2/10

18-06-2026

Suraj Products Ltd. filed a disclosure under SEBI SAST Regulation 10(7) regarding an acquisition under Regulation 10(1)(d)(iii). The filing confirms a regulatory event but provides no financial details, deal structure, valuation, or strategic rationale. The sector is listed as technology, which appears inconsistent with the company's known business. No quantitative data, named entities, or scheduled events are disclosed.

UMIYA BUILDCON LIMITED Merger/Acquisition neutral materiality 2/10

18-06-2026

Gauri Aniruddha Mehta, a promoter of Umiya Buildcon Limited (formerly MRO-TEK Realty Limited), acquired 2,000 equity shares in the open market on June 17, 2026, increasing her holding from 4.27% to 4.28% of the total voting capital. The acquisition is disclosed under Regulation 29 of the SEBI Takeover Code, but the increase is marginal (0.01% of total capital) and does not trigger any change in control.

  • · The acquisition was made in the open market on June 17, 2026.
  • · Gauri Aniruddha Mehta is a promoter of the target company.
  • · The total equity share capital of Umiya Buildcon Limited is 1,86,84,602 shares.
  • · The acquirer's PAN is AAEPM2691K.
  • · No convertible securities, warrants, or encumbrances were involved in the transaction.
GHCL Limited Merger/Acquisition neutral materiality 3/10

18-06-2026

The filing is a disclosure under SEBI SAST Regulation 29(2) for Neelabh Dalmia regarding GHCL Limited. No financial details, deal structure, or strategic rationale are provided in the filing. The disclosure is purely procedural, indicating a change in shareholding or control that triggered the SAST reporting requirement, but specific transaction terms, valuation, and rationale are not disclosed.

Magellanic Cloud Limited Merger/Acquisition neutral materiality 1/10

18-06-2026

The filing is a disclosure under SEBI (SAST) Regulation 29(1) for Sanjay M Chauhan regarding Magellanic Cloud Limited. No specific deal structure, valuation, or strategic rationale is provided in the filing. The disclosure is purely regulatory and does not contain any financial metrics, transaction details, or forward-looking statements.

Vedanta Oil and Gas Ltd Merger/Acquisition neutral materiality 3/10

18-06-2026

Vedanta Oil and Gas Ltd has received a disclosure under SEBI (SAST) Regulations, 2011 from Twin Star Holdings Ltd & Others under Regulation 29(1). The filing is purely a regulatory disclosure of a substantial acquisition event; no financial details, deal structure, valuation, or strategic rationale are provided. The filing does not disclose any quantitative data, named entities beyond the parties, or scheduled events.

Vedanta Iron And Steel Ltd Merger/Acquisition neutral materiality 1/10

18-06-2026

The filing is a disclosure under SEBI (SAST) Regulations, 2011, regarding Twin Star Holdings Ltd and others acquiring shares in Vedanta Iron And Steel Ltd. The filing does not provide any financial details, deal structure, or strategic rationale. The sector is listed as technology, which is inconsistent with the company's name (iron and steel), indicating a potential data error or misclassification. No specific numbers, dates, or transaction values are disclosed beyond the regulatory reference.

Premier Polyfilm Limited Merger/Acquisition neutral materiality 3/10

18-06-2026

D L Millar & Co Ltd, a promoter group entity of Premier Polyfilm Limited, acquired 95,270 equity shares (0.09% of total share capital) via open market on June 17, 2026. The acquisition increased the promoter group's holding from 15.22% to 15.31% of the target company's equity. This is a routine promoter share purchase and does not trigger a mandatory open offer under SEBI Takeover Regulations.

  • · The acquisition was made in the open market on June 17, 2026.
  • · The total diluted share capital of the target company is ₹10,47,42,475 (10,47,42,475 equity shares of ₹1 each).
  • · The acquirer is a promoter group company of Premier Polyfilm Limited.
  • · No shares were encumbered (pledged/lien) before or after the transaction.
  • · The disclosure was filed under Regulation 29(2) of SEBI (SAST) Regulations, 2011, which is a post-acquisition disclosure requirement for acquisitions exceeding 0.05% of share capital.
Stylam Industries Limited Merger/Acquisition mixed materiality 9/10

18-06-2026

Aica Kogyo Company, Limited has completed the acquisition of a total of 67,79,224 fully paid-up equity shares of Stylam Industries Limited, representing 40% of the issued, paid-up and voting share capital of the target company. The acquisition was executed through share purchase agreements (SPAs) with Seller Group 1 (Pushpa Gupta, Dipti Gupta, and others) and Seller Group 2 (Jagdish Gupta, Saru Gupta, Nidhi Gupta, and Jagdish Gupta), involving multiple tranches closing on 13 February 2026, 17 February 2026, and 17 June 2026, alongside an open offer process. Post-acquisition, Aica Kogyo holds exactly 40% of the voting rights in Stylam Industries, with the open offer potentially raising its stake to up to 53.1% (90,03,364 shares) if fully subscribed.

  • · The acquisition was structured in multiple tranches: SPA 1 (First Closing on 13 Feb 2026 and Tranche 1B Closing on 17 Feb 2026), SPA 2 (First Closing on 13 Feb 2026 and Second Closing on 17 June 2026).
  • · The open offer was announced on 26 December 2025, with a detailed public statement on 1 January 2026 and a corrigendum published on 5 January 2026.
  • · If the open offer had been fully subscribed, Aica Kogyo would have acquired up to 90,03,364 shares (53.1% of voting capital), but only 44,06,496 shares (26% of capital) were tendered.
  • · No shares were encumbered (pledge/lien) before or after the acquisition.
  • · The post-acquisition shareholding reflects a net increase of 10.13% in voting rights via the second closing of SPA 2, bringing total to exactly 40%.
  • · The acquirer's pre-acquisition holding was 29.87% (50,62,984 shares), indicating it was already a substantial shareholder before the transaction.
Rossell India Limited Merger/Acquisition neutral materiality 2/10

18-06-2026

Harsh Mohan Gupta, a promoter of Rossell India Limited, transferred 200 shares (0.0005% of total voting capital) via an off-market inter-se gift to an undisclosed recipient on June 17, 2026. This transaction reduced his total shareholding from 30.00% to 29.9995%, a negligible change of 0.0005 percentage points.

  • · The transfer was executed as an off-market inter-se gift, not an open market sale.
  • · The transferor's total holding (including shares carrying voting rights) decreased from 1,13,08,943 shares to 1,13,08,743 shares.
  • · No encumbrances, voting rights otherwise than by shares, or convertible securities were involved.
  • · The equity share capital of the company remained unchanged at ₹7,53,92,950 (3,76,96,475 shares of ₹2 each) before and after the transfer.
  • · The filing is made under Regulation 29(2) of the SEBI Takeover Code.
Gandhar Oil Refinery (India) Limited Merger/Acquisition positive materiality 3/10

18-06-2026

Promoter Ramesh Babulal Parekh acquired 50,000 equity shares of Gandhar Oil Refinery (India) Limited on June 16, 2026, through open market purchases. This increased his holding from 28.69% to 28.74% of the total voting capital. The acquisition is a small, incremental increase by a promoter, indicating continued insider confidence.

  • · Total voting capital of the company is ₹19,57,59,060 consisting of 9,78,79,530 equity shares of face value ₹2 each.
  • · The acquisition was made through open market purchase on June 16, 2026.
  • · Disclosure was filed under Regulation 29(2) of SEBI (SAST) Regulations, 2011.
Rossell India Limited Merger/Acquisition neutral materiality 3/10

18-06-2026

Rossell India Limited has disclosed a filing under Regulation 29(1) of SEBI (SAST) Regulations, 2011, regarding Harsh Rishab Gupta Trust and its PACs. The filing is a regulatory disclosure of a substantial acquisition of shares or takeovers, but no specific deal structure, valuation, or strategic rationale is provided in the summary. The event is purely informational with no quantitative data on transaction value, share count, or financial metrics, making it impossible to assess materiality or direction.

Sumuka Agro Industries Limited Merger/Acquisition neutral materiality 2/10

18-06-2026

Vijaykumar Dahyabhai Patel, a member of the promoter group, acquired 2,000 equity shares (0.0096% of voting capital) of Gujjubhai Industries Limited (formerly Sumuka Agro Industries Limited) through open market purchases on June 12-13, 2026. Post-acquisition, his total holding increased to 30,600 shares, representing 0.1463% of the company's paid-up capital. The transaction is a minor increase in promoter shareholding with no material change in control.

  • · The acquisition was made in the open market on two consecutive days: June 12 and June 13, 2026.
  • · No shares were encumbered (pledged/lien) before or after the acquisition.
  • · The acquirer holds no warrants, convertible securities, or other instruments entitling him to voting rights beyond the shares acquired.
  • · The paid-up capital of the target company remained unchanged at ₹20,92,08,360 (2,09,20,836 equity shares of ₹10 each) after the transaction.
Aster DM Healthcare Limited Merger/Acquisition neutral materiality 5/10

18-06-2026

Aster DM Healthcare Limited acquired 4,50,89,995 equity shares of ₹10 each in its wholly owned subsidiary, Aster DM Super-Specialty Hospital (Sarjapur) Private Limited, through a rights issue for a cash consideration of ₹45,08,99,950. The subsidiary, incorporated on July 21, 2025, has not yet commenced business, so no turnover or prior financials are available. The transaction is a related party transaction but is exempt from related party provisions as it is between a holding company and its wholly owned subsidiary.

  • · The subsidiary was incorporated on July 21, 2025, in Bengaluru, Karnataka, India.
  • · The authorized share capital includes 10,00,00,000 equity shares of ₹10 each, 38,40,000 Series A compulsorily convertible preference shares of ₹50 each, and 68,70,000 Series B compulsorily convertible preference shares of ₹50 each.
  • · The paid-up share capital prior to the acquisition was ₹50,10,00,000 comprising 5,01,00,000 equity shares of ₹10 each.
  • · The transaction is exempt from related party transaction provisions under Regulation 23(5) of SEBI Listing Regulations as it is between a holding company and its wholly owned subsidiary.
  • · No governmental or regulatory approvals were required for the acquisition.
Sportking India Limited Merger/Acquisition positive materiality 6/10

18-06-2026

Sportking India Limited announced the commencement of commercial operations of a solar power project on June 18, 2026, under a Power Purchase Agreement with M/s Evincea Renewable Seven Private Limited. The project is expected to reduce the company's power costs by approximately 12–13% annually, supporting its sustainability and cost optimization goals.

  • · The Solar Power Purchase Agreement was originally referenced in a letter dated August 2, 2025.
  • · The project is a Special Purpose Vehicle arrangement with Evincea Renewable Seven Private Limited.
  • · The project supplies solar power to Sportking India's facilities in Punjab.
  • · The commissioning reinforces the company's environmental and social objectives by reducing its carbon footprint and increasing clean energy share.
Amber Enterprises India Limited Merger/Acquisition positive materiality 8/10

18-06-2026

Amber Enterprises India Limited's material subsidiary, IL JIN Electronics (India) Private Limited, has executed Share Purchase Agreements to acquire an additional 38.50% equity stake in Ascent Circuits Private Limited for ₹336.75 Crore. This will increase IL JIN's shareholding from 60% to 98.50%, achieving near-complete ownership and effective control. The acquisition is a related party transaction done at arm's length and is expected to enhance operational synergies in the electronics manufacturing sector.

  • · Ascent Circuits Private Limited was incorporated on 01st February 1999 under the Companies Act 1956.
  • · Ascent's authorized share capital is ₹2,50,00,000 and paid-up share capital is ₹1,56,00,000.
  • · The acquisition will be completed in two tranches: 37.50% equity stake on or before 19th June 2026, and the remaining 1% equity stake on or before 30th June 2026.
  • · No governmental or regulatory approvals are required for the acquisition.
  • · The consideration is in cash.
  • · The transaction qualifies as a related party transaction and has been undertaken at arm's length.
OSIAJEE TEXFAB LIMITED Merger/Acquisition neutral materiality 1/10

18-06-2026

Osiajee Texfab Ltd filed a disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011 for Reema Saroya. The filing is a regulatory disclosure regarding substantial acquisition of shares, but no specific deal structure, valuation, or strategic rationale details are provided. The sector is listed as technology, though the company's name suggests a textile background, creating a potential mismatch. No quantitative data, financial metrics, or scheduled events are disclosed in the filing.

GAMCO LIMITED Merger/Acquisition neutral materiality 3/10

18-06-2026

Raj Goenka, a promoter group member of GAMCO LIMITED, acquired 19,922 equity shares (face value ₹2 each) via open market on June 16, 2026, increasing his total holding to 1,279,919 shares, representing 2.37% of the company's paid-up equity share capital. The acquisition was disclosed under SEBI SAST Regulations and represents a marginal increase of 0.04% in his stake from the prior 2.33%.

  • · The acquisition was made through open market transaction on BSE Limited.
  • · The total equity share capital of the company is ₹10,80,63,000 consisting of 5,40,31,500 equity shares of ₹2 each.
  • · No shares were encumbered (pledge/lien) before or after the acquisition.
  • · The disclosure was filed under Regulation 29(2) of SEBI SAST Regulations.
LLOYDS ENGINEERING WORKS LIMITED Merger/Acquisition positive materiality 9/10

18-06-2026

Lloyds Engineering Works Limited (LEWL) has approved the acquisition of up to 88.12% equity stake in Steel Infra Solutions Company Limited (SISCOL) for a total consideration of about INR 1,073.40 Cr. LEWL will acquire 52.16% of SISCOL for about INR 635.40 Cr through a mix of cash and share swap, while Lloyds Enterprises Limited and Streamland Estate LLP will each acquire 17.98% for about INR 219 Cr in cash. The target company reported a turnover of Rs. 816.87 Crore and net profit of Rs. 43.42 Crore for FY 2025-26, showing strong growth from Rs. 573.49 Crore in FY 2023-24. However, the acquisition requires shareholder approval via an EGM on July 15, 2026, and the company also approved new borrowings of up to Rs. 1000 Cr, indicating significant financial leverage.

  • · SISCOL has a production capacity of 100,000 MT per annum across six facilities, including a newly operational Hyderabad plant.
  • · SISCOL has contributed to landmark projects such as Terminal 1 at Delhi Airport and ITPL Bangalore.
  • · Preferential allotment to SISCOL selling shareholders is at a price of ₹71.25 per share (face value ₹1 + premium ₹70.25), raising up to ₹5,03,55,61,972.50 via share swap.
  • · An additional preferential allotment of 7,00,000 equity shares for cash consideration of up to ₹4,98,75,000 to non-promoters was approved.
  • · The acquisition is not classified as a Related Party Transaction.
  • · No additional governmental/regulatory approvals beyond stock exchanges and shareholders are required.
  • · Cut-off date for EGM voting eligibility is July 8, 2026; EGM date is July 15, 2026.
  • · Borrowing limit of Rs. 1000 Cr approved, indicating potential debt funding for the acquisition or working capital.
  • · An investment of up to Rs. 2.5 Cr in Lloyds Advance Defence Systems Limited was also approved.

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