India Merger Acquisition MCA Regulatory Filings — September 02, 2026

02-09-2026

Tilaknagar Industries Limited (TIL) has approved a ₹22 Cr investment in Black Tiger Distilleries Private Limited (BTD) to acquire a 30% stake on a fully diluted basis, executed in two tranches by October 31, 2026 and October 31, 2027. The investment targets the tequila and agave spirits segment, which is a fast-growing category in India. BTD, incorporated in January 2025, has generated no revenue to date (FY 25-26: Nil) and has a net worth of approximately ₹20.83 Lakhs.

• · BTD was incorporated on January 25, 2025 and has no revenue for FY 25-26.
• · TIL has the right to nominate up to 2 non-executive directors and 1 non-voting observer on BTD's board.
• · TIL has a first right to subscribe to any additional securities issued by BTD.
• · Certain reserved matters (e.g., variation of share capital, amendment of constitutional documents, changes to business plan, appointment/removal of directors) require TIL's prior written consent.
• · The transaction is not a related party transaction and no governmental/regulatory approvals are required.
• · BTD's product is developed in partnership with Productos Finos de Agave in Jalisco, Mexico, which is also a minority shareholder.

02-09-2026

Thomas Cook (India) Limited has received a 'No Objection' observation letter from the National Stock Exchange of India Limited (NSE) dated September 1, 2026, regarding its Composite Scheme of Arrangement involving multiple group entities. The scheme includes the demerger of TCIL's resort business into Sterling Holiday Resorts Limited (SHRL) and the merger of three wholly-owned subsidiaries into TCIL. The NSE's no-objection is conditional upon compliance with several regulatory requirements, including disclosures to shareholders and listing of SHRL shares within 60 days of NCLT approval.

• · The NSE observation letter is dated September 1, 2026, and the company received it on September 2, 2026.
• · The scheme involves a demerger of TCIL's resort business into SHRL and a merger of TCVSL, JTSL, and BTSL into TCIL.
• · The NSE's no-objection is subject to several conditions, including compliance with SEBI circulars, disclosure of ongoing adjudication proceedings, and ensuring financials in the scheme are not more than 6 months old.
• · SHRL must complete listing and commence trading of its securities within 60 days of receiving the NCLT order.
• · The company must disclose the NSE's no-objection letter on its website within 24 hours of receipt.
• · The NSE's approval does not constitute endorsement of the scheme's financial soundness or correctness.

02-09-2026

Indo-National Limited has invested ₹50,03,864 (Fifty Lakh Three Thousand Eight Hundred and Sixty-Four Rupees) to acquire an additional 0.78% stake in Medcuore Medical Solutions Private Ltd (MMSPL), a manufacturer of air monitoring systems and air purifiers, increasing its total shareholding to 61.87%. The acquisition was made at varying per-share prices (₹16,536 and ₹14,056) through two valuation reports, and does not constitute a related party transaction. While the acquisition supports business expansion, MMSPL's turnover declined from ₹47,68,000 (FY24) to ₹35,41,484 (FY25), before recovering to ₹1,45,60,000 in FY26, indicating volatility.

• · MMSPL was incorporated on June 7, 2020.
• · Complete acquisition is expected by FY 2027-28.
• · Consideration was entirely in cash.
• · No governmental or regulatory approvals were required for the acquisition.
• · 329 shares were acquired in two tranches at different per-share prices (₹16,536 for 153 shares and ₹14,056 for 176 shares), based on valuation reports dated May 16, 2026 and August 21, 2026.

02-09-2026

Anand Rathi Wealth Limited has infused additional capital of ₹5,49,00,000 (₹5.49 Crore) into its wholly owned subsidiary, Anand Rathi FME (IFSC) Private Limited, by subscribing to a rights issue of 54,90,000 equity shares at ₹10 each. The subsidiary, incorporated in February 2026, has received in-principle approval from IFSCA to set up a fund management entity (non-retail) at GIFT City, Gujarat. As the subsidiary is newly incorporated with no prior turnover, there are no period-over-period comparisons available.

• · The subsidiary was incorporated on February 16, 2026, and has no financial statements yet.
• · The transaction is exempt from shareholder approval under Regulation 23(5) of SEBI LODR as it is a related party transaction with a wholly owned subsidiary.
• · The subsidiary has received in-principle approval from IFSCA and will seek final approval to carry out fund management business.

02-09-2026

B-Right Realestate's material subsidiary, B-Right Realestate Ventures LLP, acquired an additional 31% stake in B-Right Bombay Highlines Developers Private Limited for ₹31,000, increasing its holding from 49% to 80% and gaining better management and operational control. The target entity, incorporated in July 2024, reported nil turnover and a net loss of ₹5,900 for FY 2025-26, reflecting its early-stage operations.

• · The target entity was incorporated on 18 July 2024 under the Companies Act, 2013.
• · The turnover for FY 2025-26 was nil.
• · The acquisition was classified as not a related party transaction.
• · Consideration was in the form of cash.

02-09-2026

The India Cements Limited has agreed to acquire a 26% equity stake in Amplus TN One Energy Private Limited, a special purpose vehicle developing a 41.80 MW solar power project with battery storage, for a cash consideration of up to ₹14,06,27,240 (₹14,06,27,240). The acquisition aims to meet the company's green energy needs, optimize energy costs, and comply with captive power regulatory requirements. No negative or flat financial metrics are present in this filing as it is a forward-looking investment disclosure with no performance data.

• · The target entity, Amplus TN One Energy Private Limited, was incorporated on June 6, 2024 and has nil turnover for the last three years.
• · The solar power project (41.80 MW AC) integrated with Battery Energy Storage System (BESS) is being established to supply renewable power to four cement manufacturing units in Andhra Pradesh and Telangana.
• · The acquisition is not a related party transaction and the promoter/promoter group/group companies have no interest in the entity being acquired.
• · Completion of the acquisition is expected within 180 days from the execution of the Power Purchase Agreements and Share Subscription and Shareholders Agreement.
• · No governmental or regulatory approvals are required for the acquisition.

02-09-2026

ICICI Bank completed the acquisition of an additional 2.00% stake in its subsidiary ICICI Prudential Life Insurance Company Limited (ICICI Life) through multiple stock-exchange transactions between July 22, 2026 and September 2, 2026. The purchase of 29,015,693 equity shares (face value ₹10 each) was made for an approximate consideration of ₹14.70 billion, increasing the Bank's shareholding in ICICI Life to approximately 52.8%. This transaction follows prior disclosures on February 28, 2026 and June 24, 2026.

• · The acquisition was executed through multiple tranches between July 22, 2026 and September 2, 2026.
• · The shares were purchased through the stock exchange mechanism.
• · The face value of each share is ₹10.
• · The shareholding percentage is based on ICICI Life's equity share capital as of June 30, 2026.
• · This disclosure is made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
• · Prior disclosures were made on February 28, 2026 and June 24, 2026.

02-09-2026

OBCL Infrastructure Private Limited, a member of the promoter group of OBCL Limited (formerly Orissa Bengal Carrier Ltd.), acquired a total of 7,489 equity shares of the company through on-market purchases between August 31 and September 2, 2026, for a total value of ₹409,901.6. The acquisitions represent approximately 0.034% of the total paid-up equity capital, indicating a very small increase in promoter holding.

• · The acquisition was executed on the National Stock Exchange (NSE).
• · The promoter group member's holding increased from 11.05% to 11.09% of total paid-up equity.
• · The disclosure is made under Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015.
• · The company's name was changed from Orissa Bengal Carrier Ltd. to OBCL Limited.

02-09-2026

Ekam Leasing & Finance Co. Ltd. has published newspaper notices for the hearing of its scheme of amalgamation with Rex Overseas Private Limited and S & S Balajee Mercantile Private Limited, as directed by the NCLT, New Delhi Bench-III. The NCLT admitted the joint application on August 10, 2026, and the hearing for the scheme petition is scheduled for October 12, 2026. This is a procedural update with no financial figures disclosed.

• · NCLT order pronounced on August 10, 2026 admitted the joint application.
• · Notices published in The Financial Express (English) and Jansatta (Hindi), both Delhi editions.
• · Hearing of the Company Scheme Petition scheduled on October 12, 2026.

02-09-2026

Ashika Global Securities Limited (formerly Ashika Credit Capital Ltd.) announced that SEBI has extended the validity of its in-principle approval for sponsoring and setting up a proposed Mutual Fund by six months from June 29, 2026. The company plans to incorporate two wholly-owned subsidiaries: Ashika Global Asset Management Private Limited (the Asset Management Company) and Ashika Global Trustee Company Private Limited (the Trustee Company), subject to final SEBI approval and compliance with regulatory requirements. No financial figures or period-over-period comparisons were provided in this filing.

• · SEBI extended the validity of in-principle approval for the proposed Mutual Fund sponsorship by six months from 29th June 2026.
• · The company plans to incorporate two wholly-owned subsidiaries: Ashika Global Asset Management Private Limited (AMC) and Ashika Global Trustee Company Private Limited.
• · Both proposed entities will be wholly-owned subsidiaries of Ashika Global Securities Limited and will be incorporated in India.
• · The initial share capital for both entities will be subscribed at face value, with 100% subscription by the listed entity.
• · The consideration for incorporation will be in cash.

02-09-2026

Fine Organic Industries Limited has executed Share Transfer Agreements to acquire an 80% equity stake in Oleofine Organics SDN. BHD. (OFM), a Malaysian specialty chemicals company, for up to RM 3,42,08,000 (approx. INR 80.28 crore) in cash. The acquisition includes a 50% stake from promoter group entity Smoothex Chemicals Private Limited, making it a related party transaction, and the remaining 30% from unrelated shareholders. OFM's turnover declined from RM 2,76,15,137 (INR 48.55 crore) in FY2024 to RM 23,287,742 (INR 54.17 crore) in FY2026, showing a mixed performance trend.

• · OFM was incorporated on August 19, 1988 in Malaysia.
• · The acquisition is a related party transaction because Smoothex Chemicals Private Limited is a promoter group entity; Mr. Mukesh Shah, Mr. Jayen Shah, and Mr. Tushar Shah are directors/members of Smoothex.
• · The transaction will be carried out on an arm's length basis.
• · No governmental or regulatory approvals are required for the acquisition.
• · The consideration is cash, with completion subject to fulfilment of conditions precedent in the STAs.
• · OFM net worth as at January 31, 2026 is RM 3,42,45,075 (approx. INR 79.65 crore).

02-09-2026

Mish Designs Limited announced that its subsidiary, I'Design Fashions Private Limited, has executed a Business Transfer Agreement to acquire the 'DeMoza' brand from Pipin Fashions. The acquisition adds DeMoza's retail footprint across Reliance Trends, Reliance Trends Fashion Factory, Lulu Malls, and its own Exclusive Brand Outlets, along with eight existing DeMoza stores. The company has sold over 2.5 lakh products online since FY 2017-18 and offers over 1,000 designs, backed by a 10,000 sq. ft. manufacturing unit and a team of 54 employees.

• · The acquisition plugs DeMoza's retail footprint across Reliance Trends, Reliance Trends Fashion Factory, Lulu Malls, and its own Exclusive Brand Outlets into the Mish family.
• · Eight existing DeMoza stores will become part of the transaction.
• · Mish Designs has sold over 2.5 lakh products online since FY 2017-18 through platforms like Myntra, Nykaa Fashion, Ajio, Tata Cliq, and Namshi.
• · The brand offers over 1,000 designs including dresses, gowns, tops, co-ords, T-shirts, trousers, and palazzos.
• · Mish Designs has a 10,000 sq. ft. manufacturing unit and a team of 54 employees.
• · The company has three physical stores: Seasons Mall (Pune), Zora Mall (Raipur), and Phoenix Mall (Indore).

02-09-2026

Afcom Holdings Limited has executed a letter of intent with The Boeing Company to acquire up to four Boeing 777-8F freighter aircraft. The LOI is subject to finalization of definitive documents, and further disclosures will be made upon material developments. No financial terms or prior-period comparisons are disclosed in the filing.