India Merger Acquisition MCA Regulatory Filings — August 12, 2026

12-08-2026

Lenskart Solutions reported Q1 FY26 standalone revenue of ₹1,524.43 Cr, up 30.6% YoY from ₹1,167.54 Cr, and net profit of ₹151.48 Cr, up 45.1% YoY from ₹104.43 Cr. However, profit declined 7.4% sequentially from ₹163.57 Cr in Q4 FY26. The board approved an additional equity stake in Baofeng Framekart Technology Limited, incorporation of subsidiaries in South Korea and China, and allotment of 5,85,561 equity shares under ESOP. The company also disclosed the acquisition of a 50% stake in Marco Optical (Thailand) for ₹7.08 crore.

• · The board approved a scheme of merger of wholly owned subsidiaries Dealsbro Online Services Private Limited and Lenskart Eyetech Private Limited into Lenskart Solutions Limited, subject to NCLT and other approvals.
• · During Q1 FY26, the company's wholly owned subsidiary acquired a 50% stake in Marco Optical (Thailand) Co. Ltd. for ₹7.08 crore.
• · Total IPO proceeds were ₹7,278.02 crore; ₹363.77 crore had been utilised up to 30 June 2026.
• · Exceptional items in Q1 FY25 included impairment of investments of ₹13.59 crore; no exceptional items in Q1 FY26.
• · Current tax for Q4 FY26 included an income tax credit of ₹7.22 crore relating to a previous year.
• · The company changed presentation of financial results from Rs. in Million to Rs. in Crore, which does not impact any reported figures.

12-08-2026

Paradeep Phosphates Limited has incorporated a wholly owned not-for-profit subsidiary, 'Fertilizer Innovation Foundation–India', on August 11, 2026, to promote research, innovation, and capacity building in the fertilizer and agriculture sector. The subsidiary was established with a cash consideration of INR 10 per share for 100% of the initial paid-up share capital. This move aligns with the company's long-term sustainability and strategic objectives, though no financial details on the investment size or expected returns were disclosed.

• · The subsidiary was incorporated under Section 8 of the Companies Act, 2013, as a not-for-profit entity.
• · The company had previously informed the exchanges on August 5, 2026, about the board's approval for this incorporation.
• · The subsidiary will collaborate with national and international institutions to support sustainable agricultural practices and improve fertilizer use efficiency.

12-08-2026

Max Estates Limited's subsidiary, Max Square Limited (MSL), converted 8,75,09,608 outstanding Series A and Series B CCDs into equity shares on August 11, 2026, with Max Estates acquiring 4,46,30,000 additional shares. The company's shareholding in MSL increased from 11,09,30,000 to 15,55,60,000 equity shares, but its percentage stake remains approximately 51%, with no change in control. MSL's turnover grew strongly from INR 10.59 Crore (FY 2023-24) to INR 57.69 Crore (FY 2025-26), though the acquisition involved no fresh cash consideration.

• · MSL is an unlisted public company incorporated on June 24, 2019, engaged in commercial real estate development.
• · The conversion was completed on August 11, 2026, and the event was intimated on August 12, 2026.
• · No fresh cash consideration was paid; the acquisition was through conversion of existing CCDs at a 1:1 ratio.
• · The transaction is with a related party (subsidiary) but is on an arm's length basis.
• · The Promoter/Promoter Group has no direct shareholding in MSL.
• · MSL's total assets as at March 31, 2026 were INR 1,104.82 Crore.

12-08-2026

Dixon Technologies (India) Limited is incorporating a new subsidiary, Adivistar Electronics India Private Limited, in which it will hold a 51% stake (25,50,000 equity shares of INR 10 each) for a total cash consideration of INR 2,55,00,000 (₹2.55 Cr). The subsidiary will engage in OEM manufacturing of electronic devices, including smartphones, and the investment has received regulatory approval from MeitY under Press Note 3 for proposed investment by vivo Mobile India Private Limited. This strategic move expands Dixon's manufacturing footprint with a partner, though Dixon will not hold full control and the subsidiary is yet to be incorporated.

• · The subsidiary is yet to be incorporated (date of incorporation not specified).
• · Approval from MeitY under Press Note 3 (2020 Series) was required and obtained for the proposed investment by vivo Mobile India Private Limited.
• · The consideration is cash, not a share swap.
• · Dixon will hold 51% control, not 100% ownership.
• · The subsidiary will focus on OEM manufacturing of electronic devices, including smartphones.

12-08-2026

Citizen Solar Limited (formerly Citizen Infoline Limited) has received BSE listing and trading approval for 86,46,000 equity shares of ₹10 each, issued pursuant to the Scheme of Amalgamation of Citizen Solar Private Limited (transferor) with the company. The shares are ranking pari-passu with existing equity shares and will be available for trading from August 12, 2026. This marks the completion of a key step in the amalgamation process.

• · Date of allotment of the shares: April 3, 2025
• · Distinctive numbers of the shares: 5397301 to 14043300
• · BSE Notice No. 20260471-24 dated August 11, 2026
• · Trading effective from August 12, 2026
• · Company CIN: L31100GJ1994PLC023561

12-08-2026

UltraTech Cement Limited has entered into agreements to acquire a 26% equity stake in Solaris Horizon Energy Private Limited, a special purpose vehicle that will supply 91 MWp DC / 65 MW AC solar power to UltraTech's plants in Chhattisgarh on a captive basis. The cash consideration for the acquisition is up to ₹27,75,50,000 (₹27.755 Cr). The acquisition is aimed at meeting the company's green energy needs, optimizing energy costs, and complying with captive power consumption regulations under electricity laws.

• · Solaris Horizon Energy Private Limited was incorporated on 10th December 2025 and has nil turnover for the last three years.
• · The solar project is located at Village Puran, Tehsil & District - Mungeli, Chhattisgarh.
• · The acquisition is not a related party transaction and the promoter/promoter group/group companies have no interest in the acquisition.
• · Completion of the acquisition is expected within 180 days from the execution of the agreements.

12-08-2026

Mukka Proteins Limited has approved a strategic investment of up to ₹64,92,500 (Rupees Sixty-Four Lakh Ninety-Two Thousand Five Hundred Only) to acquire a 25.98% stake in Swachha Eco Solutions Private Limited, a waste management company. The investment is part of the company's plan to expand into the waste management segment. However, the target company reported a net loss of ₹75,05,051 and negative net worth of ₹2,10,22,476 for FY 2025-26, indicating significant financial distress.

• · The target company, Swachha Eco Solutions, was incorporated on 12th September 2017.
• · The acquisition is expected to be completed by 31st December 2026.
• · The consideration is in cash, not share swap or other forms.
• · The investment is not a related party transaction.
• · No governmental or regulatory approvals are required for the acquisition.
• · The Board meeting commenced at 3:30 p.m. and concluded at 4:15 p.m. on 12th August 2026.

12-08-2026

KD Green Industries Limited (formerly Manbro Industries) has approved an investment of up to ₹15,00,00,000 (₹15 Crore) in its subsidiary K D Infrastructures Private Limited (KDIPL) via subscription to further issue of capital. The funds are intended for business expansion, capital expenditure, operational support, and loan repayment. The target subsidiary, incorporated in August 2024, has nil turnover to date and is a related party, with the company holding 99.84% pre-issue stake.

• · The target company, K D Infrastructures Private Limited, was incorporated on 05/08/2024 and has reported nil turnover for the last 3 years.
• · The investment is a related-party transaction as KDIPL is a 99.84% subsidiary of KD Green Industries.
• · The acquisition is expected to be completed during Financial Year 2026-27.
• · The consideration is cash, and the company may subscribe in one or more tranches.
• · No governmental or regulatory approvals are required for the acquisition.

12-08-2026

Chatha Foods Limited has been allotted 2,03,300 equity shares of its subsidiary Allana CF Foods Private Limited for ₹20,33,000 via a rights issue, increasing its stake to 51% and gaining majority control. The subsidiary, incorporated in April 2025, has nil turnover and is engaged in ready-to-eat and ready-to-cook products. The transaction is at arm's length and involves cash consideration.

• · Allana CF Foods Private Limited was incorporated on April 8, 2025, and has nil turnover.
• · The subsidiary's authorised share capital is ₹42,00,00,000 divided into 4,10,00,000 equity shares and 10,00,000 preference shares.
• · The paid-up share capital is ₹39,80,50,000 divided into 3,98,05,000 equity shares.
• · The transaction is at arm's length and does not involve promoter/promoter group interest beyond Chatha Foods' shareholding.
• · No governmental or regulatory approvals were required for the acquisition.

12-08-2026

63 moons technologies limited has informed exchanges that its step-down subsidiary, Quantblock Technovation Private Limited, has allotted 89,00,000 equity shares of Re. 1 each on a rights basis to its parent, Ticker Limited, for a cash consideration of Rs. 89 Lakhs. The investment is intended to meet the working capital requirements of Quantblock, which reported zero turnover and a net loss of Rs. 548.32 Lakhs for FY2025-26. The transaction is classified as a related party transaction but is exempt under listing regulations as it is a rights issue between a holding company and its wholly owned subsidiary.

• · Quantblock was incorporated on May 09, 2025 and is engaged in providing a trading platform.
• · The company has no turnover for FY2025-26 and reported a net loss of Rs. 548.32 Lakhs.
• · The rights issue was completed on August 08, 2026.
• · No promoter/promoter group/group companies have any interest in the investment.
• · The transaction is exempt from related party transaction provisions under listing regulations.

12-08-2026

GRP Limited has completed its investment in BECIS Solar 5 Private Limited by subscribing to 2,60,48,649 equity shares at ₹1 each for a total cash consideration of ₹2.60 crore, achieving a 26.43% stake. This strategic investment enables GRP to procure solar power at a preferential tariff for its Gujarat manufacturing units, reducing energy costs and supporting renewable energy use. However, BECIS is a newly incorporated entity (July 2025) with no turnover yet, and the investment is a related-party transaction, though conducted at arm's length.

• · BECIS was incorporated on 8th July 2025 and has not yet started operations (turnover: NIL).
• · The investment is a related-party transaction conducted at arm's length.
• · The investment complies with Electricity Rules, 2005 requiring 26% proportionate ownership as a captive user.
• · The solar project is an 8 MW captive generating station located in the distribution area of Dakshin Gujarat Vij Company Limited.

12-08-2026

Kerala Ayurveda Limited approved the Scheme of Amalgamation to merge its wholly owned subsidiary (WOS), Ayurvedagram Heritage Wellness Centre Private Limited, into itself, subject to shareholder, NCLT, and other approvals. The company also approved unaudited financial results for Q1 FY27 (quarter ended June 30, 2026) with an unmodified audit opinion, re-appointed Mr. Ramesh Vangal as Non-Executive Director, and granted 64,875 employee stock options under the ESOP 2023 plan. However, while the WOS (Ayurvedagram) reported a profit after tax of ₹316.16 Lakhs, the parent company (Kerala Ayurveda) showed a net loss of ₹1,474.12 Lakhs as of March 31, 2026, indicating contrasting financial health.

• · The amalgamation is a merger of a wholly owned subsidiary into the parent, with no cash consideration and no change in the shareholding pattern of the listed entity.
• · The company re-appointed Mr. Ramesh Vangal as Non-Executive Director at the ensuing AGM on September 28, 2026. He is not debarred by SEBI or any authority.
• · The merger rationale includes synergies, operational rationalization, reduction in compliance multiplicity, and elimination of duplicative coordination efforts.
• · The Statutory Auditors (M/s G. Joseph & Associates) issued an unmodified opinion on the Q1 FY27 standalone and consolidated financial results.

12-08-2026

Nephrocare Health Services Ltd has clarified that its Kazakhstan entity, NPHSK LLP, is a step-down subsidiary (not wholly owned) because its Singapore subsidiary holds 99% of the charter capital, with 1% held by another participant. The entity was incorporated on May 26, 2026, with a charter capital of KZT 5,000,000 (approx. USD 10,500), to expand kidney care and dialysis services in Kazakhstan. No financial performance data or period-over-period comparisons are provided in this filing.

• · The clarification corrects the earlier disclosure dated May 26, 2026, which had incorrectly described NPHSK LLP as a step-down wholly owned subsidiary.
• · NPHSK LLP was incorporated under the laws of the Republic of Kazakhstan; no special governmental or regulatory approvals were required beyond standard registration.
• · The entity's objective includes establishment and operation of dialysis centres, procurement of medical equipment and consumables, and provision of comprehensive patient care.
• · Specific regulatory/licensing approvals will be obtained as and when required for regulated activities.

12-08-2026

Sudarshan Chemical Industries Limited reported standalone revenue from operations of ₹677.4 Cr for Q1 FY27 (quarter ended June 30, 2026), down 7.5% from ₹732.7 Cr in Q4 FY26 and down 27.5% from ₹531.2 Cr in Q1 FY26. Profit after tax fell to ₹57.8 Cr from ₹120.4 Cr in the preceding quarter and from ₹73.3 Cr in the same quarter last year. The Board also approved an internal restructuring to directly hold 70.26% of Sudarshan Colorants India Limited (formerly Heubach Colorants India Limited) from its wholly owned subsidiaries.

• · Other income for Q1 FY27 was ₹25.8 Cr vs ₹22.7 Cr in Q4 FY26 and ₹24.6 Cr in Q1 FY26.
• · Cost of materials consumed rose to ₹444.2 Cr in Q1 FY27 from ₹388.8 Cr in Q4 FY26.
• · Employee benefits expense increased to ₹52.9 Cr in Q1 FY27 from ₹52.2 Cr in Q4 FY26.
• · Finance costs decreased to ₹6.5 Cr in Q1 FY27 from ₹7.5 Cr in Q4 FY26.
• · Depreciation and amortisation was ₹37.4 Cr in Q1 FY27 vs ₹37.0 Cr in Q4 FY26.
• · Other expenses surged to ₹180.0 Cr in Q1 FY27 from ₹137.4 Cr in Q4 FY26, partly due to a foreign exchange loss of ₹5.7 Cr vs a gain of ₹24.6 Cr in Q4 FY26.
• · Exceptional items: nil in Q1 FY27 vs a reversal of ₹5.4 Cr in Q4 FY26.
• · Basic EPS (before exceptional items) fell to ₹7.3 in Q1 FY27 from ₹14.6 in Q4 FY26 and ₹9.3 in Q1 FY26.
• · The restructuring acquisition of 70.26% of Sudarshan Colorants India Limited is an internal group reorganisation with no impact on control or operations.
• · Trading window opens on 15 August 2026.

12-08-2026

SecMark Consultancy Limited's Board approved a Scheme of Amalgamation to merge Codifi Finserv Private Limited and SecMark Holdings Private Limited (its holding company) into itself, effective August 12, 2026. The merger aims to consolidate similar businesses, simplify the corporate structure by eliminating multiple layers, and achieve operational synergies. Post-amalgamation, promoter shareholding will decrease from 75% to 69.33% while public shareholding rises from 25% to 30.67%, reflecting dilution for promoters.

• · The amalgamation involves two transferor companies: Codifi Finserv Private Limited (incorporated August 5, 2024) and SecMark Holdings Private Limited (incorporated July 6, 2011).
• · Share exchange ratio: For Transferor Company 1, 2,000 equity shares of Transferee Company (₹10 face value) for every 100 shares held; for Transferor Company 2, 75,435 equity shares of Transferee Company for every 100 shares held.
• · Transferor Company 2 is the holding company of the Transferee Company, making the transaction a related party transaction, but it is stated to be at arm's length based on a registered valuer's report and SEBI pricing guidelines.
• · Post-amalgamation, the Transferor Companies will be dissolved without being wound up.
• · The merger is subject to approvals from statutory, regulatory, and other authorities and stakeholders.

12-08-2026

Krystal Integrated Services Limited has acquired 100% equity stake in Citelum India Private Limited from France government-owned EDF Group, marking its entry into the city lighting and urban infrastructure segment. The company targets annual revenue of ₹300–350 crore from this new vertical over the next 3–4 years and plans to invest approximately ₹100 crore in engineering capabilities and expansion. The acquisition is expected to create over 5,000 skilled and semi-skilled employment opportunities, though no financial details of the deal or current financial performance of Citelum India were disclosed.

• · Citelum India has managed over 3,00,000 lighting points across major projects in Gujarat, Uttar Pradesh, MP (Indore) and Chennai since its inception in 2011.
• · Krystal's customers have grown to over 570, operating from over 4,000 locations across India over fiscal years 2021 to 2026.
• · The acquisition is expected to create over 5,000 skilled and semi-skilled employment opportunities.
• · No financial details of the acquisition consideration or Citelum India's current revenue/profitability were disclosed.