India Sector Consolidation Regulatory Filings — May 11, 2026

11-05-2026

Tai Industries Ltd. (BSE: 519483) has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Reality Merchants Pvt Ltd and its Persons Acting in Concert (PACs). This filing indicates a substantial acquisition or disposal of shares in the company that crossed specified holding thresholds, triggering the disclosure requirement. No further details on deal structure, share counts, percentages, valuation, or strategic rationale are provided in the filing.

11-05-2026

L.T. Elevator Limited reported FY26 revenue exceeding ₹111 Cr, marking ~97% YoY growth from FY25's ₹56.5 Cr and the first time crossing ₹100 Cr, while broadly maintaining operating margins. Key highlights include a ₹250 Cr+ order book, ₹17 Cr PAT with ~90% YoY growth, and progress on the ₹343 Cr Shillong multi-level car parking project (Phase 1 completed). The company is merging with Ricardo Elevators, which generates ~₹6 Cr monthly orders (annualized ₹70+ Cr) and is PAT positive, with synergies expected in FY27.

• · Investor conference call scheduled for May 14, 2026 at 2:00 PM IST to discuss Ricardo acquisition and business outlook.
• · H2 FY26 revenue grew 70% over H2 FY25, though full-year comparison is more indicative due to lumpy margins in FY25.
• · Ricardo Elevators merger expected to complete in FY27, with financials consolidating from FY27; operates on positive working capital cycle.

11-05-2026

Promoter R M Shah of Rikhav Securities Limited disclosed the release of encumbrance (pledge) on 3,51,830 equity shares, representing 0.92% of the total share capital, effective May 8, 2026. The pledge was created unintentionally due to an erroneous tick during execution with other scrips. Post-release, the promoter's encumbered holding is now 0 shares (0%).

• · Disclosure reported to BSE on May 11, 2026 under Regulation 31(2) of SEBI Takeover Code.
• · Pledge in favor of Rikhav Securities Limited (DP).

11-05-2026

Promoter Kurjibhai Premjibhai Rupareliya disclosed the sale of 50,88,883 shares (2.00% of total diluted share capital) of Aqylon Nexus Limited (formerly Sri Adhikari Brothers Television Networks Limited) on the open market on May 7, 2026. His holding of shares carrying voting rights declined from 10,78,15,762 (42.49%) to 10,27,26,879 (40.49%), while total holding including 2,90,00,000 encumbered shares fell from 53.92% to 51.92%. The company's total equity share capital remains 25,37,30,560 shares of ₹1 each.

• · Disclosure filed on May 11, 2026 under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
• · Scrip Code: 530943; Symbol: AQYLON
• · Mode of sale: Open Market

11-05-2026

Graphite India Limited invested INR 62.25 Crores in shares of NYSE-listed GrafTech International Ltd. through secondary market transactions under the Overseas Portfolio Investment scheme, increasing its stake from 6.82% to 9.79%, with total investment now at INR 230.38 Crores. GrafTech, a manufacturer of graphite electrodes, has a market cap of 241.98 Million USD, but its turnover has declined over the last three years: FY2025 at 504,134 thousand USD (-6.4% YoY), FY2024 at 538,782 thousand USD (-13.2% YoY from FY2023's 620,500 thousand USD). This strategic investment aligns with GIL's business but targets a company with weakening revenue.

• · Disclosure filed under Regulation 30 of SEBI LODR and with US SEC under Securities Exchange Act of 1934.
• · Not a related party transaction; no promoter interest.
• · Cash consideration via secondary market; no governmental approvals or fixed completion timeline required.

11-05-2026

BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Elimath Advisors Pvt Ltd for Softtech Engineers Ltd (BSE: 543470). No details on the nature of acquisition or disposal, share count, percentage change, consideration, or valuation are provided in the filing. This is a regulatory compliance disclosure with no quantitative or strategic information disclosed.

11-05-2026

Gemstone Investments Ltd. (BSE: 531137) has made a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on May 11, 2026, from Hemesh Rajesh Patel HUF & Others. This filing signals intention to acquire shares that could cross 5% holding or result in 2%+ change in shareholding, but no specific details on shares, percentages, or transaction terms are provided. No financial metrics, deal structure, or impacts are disclosed.

11-05-2026

PPAP Automotive Limited's Board approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, with an unmodified audit opinion from TR Chadha & Co. LLP. The Board recommended a final dividend of Rs 1.5 per equity share of Rs 10 each, subject to shareholder approval, approved the merger of wholly-owned subsidiary Avinya Batteries Limited into the company, and approved the slump sale of its Tooling Business to Meraki Precision Tool Engineering Limited in exchange for equity shares. Additionally, the Board approved the re-appointment of Mr. Ajay Kumar Jain as Chairman and Managing Director for three years effective November 1, 2026.

• · Re-appointment of Mr. Ajay Kumar Jain for period 1st November 2026 to 31st October 2029, subject to shareholder approval.
• · Merger scheme of Avinya Batteries Limited into PPAP Automotive Limited approved under Sections 230-232 of Companies Act, 2013, subject to approvals.
• · Slump sale of Tooling Business on going concern basis via Business Transfer Agreement.
• · Board meeting held on May 11, 2026, from 11:00 A.M. to 4:45 P.M.

11-05-2026

Syrma SGS Technology Limited and Premier Energies Limited have decided not to proceed with the proposed joint venture to acquire a 49% equity stake in Ksolare Energy Private Limited, as the conditions precedent were not fulfilled. This update follows earlier disclosures dated October 23, 2025, and February 21, 2026. Despite the cancellation, the Company remains committed to the solar inverter and renewable energy electronics sector and continues to evaluate alternative opportunities.

• · Documents related to the update are available on the company's website at https://www.syrmasgs.com/investor-relations/disclosure/

11-05-2026

Paradeep Phosphates Limited's Audit Committee and Independent Directors have certified the distribution of net proceeds amounting to ₹25,89,626.96 (after TDS of ₹11,801 from gross ₹26,01,427.96) from the sale of 23,217 fractional shares to eligible shareholders of Mangalore Chemicals & Fertilizers Limited, completing post-merger obligations under the Composite Scheme of Arrangement. The merger was effective October 16, 2025, following NCLT approvals on September 24 and 26, 2025, with 22,16,23,331 equity shares of ₹10 each allotted on December 3, 2025, in the ratio of 187:100. This fulfills SEBI Master Circular requirements with no reported issues.

• · Share exchange ratio: 187 fully paid-up equity shares of ₹10 each of Paradeep Phosphates for every 100 of Mangalore Chemicals & Fertilizers Limited.
• · Record date for eligible shareholders: October 31, 2025.
• · Allotment date: December 03, 2025.
• · Distribution of proceeds completed: May 08, 2026.
• · NCLT approvals: Bengaluru Bench September 24, 2025; Cuttack Bench September 26, 2025.

11-05-2026

Premier Energies Limited and Syrma SGS Technology Limited have amicably terminated discussions on the proposed joint venture to acquire 51% equity stake in Ksolare Energy Private Limited, following earlier disclosure on October 23, 2025. There are no material financial implications arising from the termination. The Company remains committed to the solar inverter and renewable energy electronics segment and is evaluating alternative approaches.

• · Disclosure made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• · Earlier disclosure reference: October 23, 2025

11-05-2026

Jayant Agro-Organics Limited has entered into a Share Purchase Agreement on May 11, 2026, to acquire 1,44,00,000 equity shares (representing 40% of total paid-up equity share capital) and 2,88,00,000 preference shares (80% of total paid-up preference share capital) of Vithal Castor Polyols Private Limited (VCPL) from Mitsui Chemicals Inc. for ₹25,37,44,403. The acquisition aims to enhance operational synergies, streamline ownership (with the Company already holding 50% equity), and improve adaptability to market dynamics in the chemicals sector focused on Bio Polyols. However, VCPL's turnover declined approximately 18% YoY to ₹4,430.43 Lakhs in FY 2024-25 from ₹5,382.83 Lakhs in FY 2023-24, which was marginally flat (+0.2%) from FY 2022-23's ₹5,371.24 Lakhs.

• · VCPL date of incorporation: August 5, 2013
• · Acquisition expected to complete immediately following satisfaction of conditions in the Share Purchase Agreement
• · No governmental or regulatory approvals required
• · Transaction is not a related party transaction and is at arm's length
• · No special rights such as director appointment or first right to share subscription in the agreement

11-05-2026

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, for Arman Holdings Ltd (538556) from Lalchand Mehta & PACs. This filing indicates the acquirer's intention to acquire shares that could cross substantial acquisition thresholds. No details on deal size, share count, valuation, structure, or financial terms were disclosed.

11-05-2026

Alpha Wave Ventures II, LP (Seller 1) disclosed under SEBI Regulation 29(2) the sale of 43,000,000 shares (2.46%) in Lenskart Solutions Limited on the open market, crossing the 2% disposal threshold on May 8, 2026. This reduced Seller 1's stake from 64,239,111 shares (3.70%) to 21,239,111 shares (1.24%), with the combined holding of Seller 1 and PAC (Alpha Wave Ventures, LP) dropping from 123,759,461 shares (7.13%) to 80,759,461 shares (4.67%). The total equity share capital remains ₹ 3,47,28,32,014 comprising 1,73,64,16,007 equity shares of face value ₹2 each.

• · Mode of sale: Open market.
• · Disclosure filed on May 11, 2026.
• · No encumbrances, voting rights otherwise than by shares, or warrants/convertible securities held.
• · Seller 1 and PAC not part of Promoter/Promoter group.

11-05-2026

Asahi Glassplant Inc. acquired 34,83,000 equity shares (1.75% of total issued capital) of Standard Engineering Technology Limited (formerly Standard Glass Lining Technology Limited) through an inter-se off-market transfer on May 8, 2026, increasing its individual stake from 3.49% (69,66,000 shares) to 5.24% (1,04,49,000 shares). The combined holding of Asahi Glassplant Inc. and its PACs (GL HAKKO CO., LTD and MONOFORM MANAGEMENT SUPPORT INC.) remains unchanged at 10.48% (2,08,98,000 shares). The transaction results in no change in control, management, or classification from public shareholders.

• · Shareholding pattern reference date: March 31, 2026
• · Disclosure pursuant to Regulation 29(1) of SEBI (SAST) Regulations, 2011
• · Transaction compliant with SEBI (Prohibition of Insider Trading) Regulations, 2015; no UPSI possessed
• · Scrip code: 544333; Symbol: SETL

11-05-2026

Orchasp Limited (BSE: 532271) has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on May 11, 2026. The disclosure pertains to Zeal Global Opportunities Fund - FCCB, indicating an intention to acquire shares that may trigger SAST thresholds. No quantitative details such as deal size, share count, percentage stake, valuation, or transaction terms are provided in the filing.

11-05-2026

International Conveyors Limited acquired 87,105 equity shares of Jain Resource Recycling Limited for ₹5 Crore in cash consideration, completed on May 11, 2026, for investment purposes in the Diversified Metals industry. The target entity reported strong turnover growth to ₹7125.77 Cr in FY 2024-25 from ₹2969.58 Cr in FY 2023-24 (140% YoY increase) and ₹1927.01 Cr in FY 2022-23. No related party transaction or governmental approvals were required.

• · Target entity incorporated in 2022, specializes in recycling non-ferrous metal scrap, trading non-ferrous metals and commodities, with presence in India.
• · No promoter/promoter group/group company interest; transaction at arm's length.
• · No governmental or regulatory approvals required.

11-05-2026

Arvind Advanced Materials Limited (AAML), a wholly owned subsidiary of Arvind Limited, has acquired a 61% stake in Dalco-GFT, a US-based needle punch non-woven manufacturer with 75 million pounds capacity operating at 85% utilization, 10% historical growth, 17% margins, and 40% ROCE, for $136 million at 7.75x CY2025 EBITDA. The acquisition provides access to a $2.5 billion TAM, accelerates global footprint, and is margin and EPS accretive, funded via debt while staying within covenants. Management plans $5 million annual capex to support mid-teens growth ambitions, retaining the full existing team with 39% ongoing stake.

• · Dalco-GFT established in 1988 with manufacturing units in South Carolina and North Carolina
• · Two existing facilities can accommodate 3 more production lines
• · 60 days working capital in line with Arvind Limited
• · Top management retaining 39% equity stake
• · Products manufactured close to consumption (500-700 mile radius)

11-05-2026

BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Bandhan Mutual Fund pertaining to Sobha Ltd (532784). No quantitative details such as share count, percentage stake change, transaction value, direction (acquisition or disposal), or financial impact are disclosed in the filing. This is a standard regulatory compliance notice indicating activity by the mutual fund that meets SAST disclosure thresholds.