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India Sector Consolidation Regulatory Filings — May 13, 2026

India Sector Consolidation Tracker

By Gunpowder Editorial ·

2 high priority 47 medium priority 49 total filings analysed

Executive Summary

Across 49 filings in the India Sector Consolidation Tracker, a dominant theme is administrative consolidation with 14 companies (e.g., Berger Paints, Exide, Vesuvius India) disclosing the merger of RTA CB Management Services into MUFG Intime India, signaling backend efficiency gains with no operational impact.

M&A activity surges positively in healthcare/pharma (Zydus-Assertio USD166M, Inventurus-ARAI ₹11Cr +892% YoY revenue), telecom (Bharti Airtel ₹282Bn share swap for 16.31% Airtel Africa), and fintech (Veefin subsidiaries merger, Jio Allianz JV), driving synergies and EPS accretion. Period trends show mixed revenue: DCM Shriram +10.9% YoY to ₹13,797Cr, ARAI +892% YoY to ₹54.63Lakh, but declines in investees like MMSPL -43% YoY FY24 and 1908 EVPL nil FY25. Promoter stake reductions (Himatsingka -45.5% to 2.22%, Bandhan -2.06% to 37.93%) and pledge dynamics (NRB release 3.10%, Paisalo -0.33%) indicate deleveraging amid neutral SAST disclosures. Capital allocation favors dividends (DCM 560% FY26) and expansions (Yatharth ₹200Cr hospital). Portfolio-level: Consolidation accelerates in healthcare/IT (5/49 positive M&As), but textiles/banking see stake sales, implying sector rotation opportunities.

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 Sector Consolidation Regulatory Filings digest from May 12, 2026.

Investment Signals (12)

  • Board approved ₹282Bn share swap for 16.31% Airtel Africa stake at 9.5% premium to CMP, EPS accretive, leverage neutral

  • Acquired Assertio Holdings (USD166.4M) with ROLVEDON revenue +13.6% YoY to USD68.23M CY25, adds US oncology footprint, close FY27

  • Acquired ARAI Solutions (₹11Cr) with target revenue +892% YoY to ₹54.63Lakh FY26, boosts AI stack for healthcare RCM

  • Acquired 250-bed Gurugram hospital assets for ₹100Cr (+₹100Cr capex), expands Delhi NCR to ~3,250 beds total capacity

  • Black Box (BULLISH)

    Completed 100% acquisition of 2S Inovações (Brazil), adds ~₹500Cr annualized revenue, advances LATAM data center/cloud push to $2Bn by 2030

  • NCLT approved merger of GlobeTF/Estorifi subsidiaries (ratios 2731:10, 7673:10), synergies in fintech product portfolio, capital reduction post-merger

  • Promoter released pledge on 30L shares (-0.33% to 7.91% encumbered), part of deleveraging from 8.24%, total holding stable 20.53%

  • Promoters released 30L+ shares (3.10%) pledge to Tata Capital, encumbrance down to 72.70% of holding from higher, security:loan 4:1

  • FY26 revenue +10.9% YoY to ₹13,797Cr, Q4 +8.7% YoY/-16.8% QoQ, dividend 560% (₹11.20/share), ₹101Cr capex

  • Incorporated Jio Allianz JV (50% ₹4.95Cr), enters general/health insurance post IRDAI NOC

  • Promoter allotted 3.06L shares via warrant conversion, stake to 1.57% direct (total potential 8.31%), equity capital +1.6%

  • CCI approved merger of subsidiaries (LICL, MHPL, TIPL), consolidates engineering ops under sections 230-232

Risk Flags (10)

  • Himatsingka Seide [HIGH RISK]

    Cohesion MK sold 23.28L shares (-45.5%, 5.20% to 2.22%), significant non-promoter exit over May 5-8

  • Bandhan Bank [HIGH RISK]

    Promoter BFHL sold 3.31Cr shares (-2.06% to 37.93%) via open market Sep25-May26, ongoing divestment

  • Indo-National [MEDIUM RISK]

    Invested ₹80L in MMSPL (+2.69% to 57.48%) despite target turnover -43% YoY FY24/-26% FY25 to ₹35L

  • Ador Multiproducts (Thrive Future) [MEDIUM RISK]

    Acquired 30.31% in 1908 EVPL (₹182Cr) for 100% sub, but target nil turnover FY25, -75% YoY FY24

  • Shelved composite merger (SteriScience entities, Poland/Baroda facilities) post Feb26 approval, revisit post FY28 guidance

  • NRB Bearing [MEDIUM RISK]

    Promoter encumbrance still high at 72.70% of holding (₹1111Cr security vs ₹275Cr loan), despite 3.10% release

  • Ajanta Pharma [LOW RISK]

    Promoter pledge created/released same day on 0.23% shares, temporary encumbrance spike to 7.26% then 7.03%

  • Usha Martin [LOW RISK]

    Promoter Peterhouse sold 0.04% (1.30L shares) open market May11, holding to 1.02%

  • Ddev Plastiks [LOW RISK]

    RTA merger administrative but signals potential backend disruptions if not seamless

  • Kaushalya Infra [LOW RISK]

    Multiple neutral SAST (e.g., Pankaj Polymers, Aptus Pharma) with no details heighten uncertainty on stake builds

Opportunities (10)

  • Bharti Airtel/EGM (OPPORTUNITY)

    Cashless swap accretive at 11.6% discount to Airtel Africa CMP, consolidate Africa exposure pre-approval

  • USD23.50/share tender offer for oncology (ROLVEDON +13.6% YoY), undervalued US entry FY27 close

  • Inventurus/ARAI (OPPORTUNITY)

    ₹11Cr for high-growth AI (892% YoY revenue), full-stack healthcare AI edge, close June20

  • ₹200Cr total for 250-bed NCR expansion, near airport for intl patients, 45-day close

  • Black Box/Brazil (OPPORTUNITY)

    ₹500Cr rev add from 2S, hyperscale data centers/LATAM, post-May1 effective

  • Veefin/NCLT Meetings (OPPORTUNITY)

    Subsidiary merger for synergies, no secured creditors in GlobeTF, post-shareholder votes

  • REC/PFC Merger (OPPORTUNITY)

    Board meet May16 to discuss merger, trading window closed, potential massive consolidation in infra finance

  • Approved sub-mergers streamline ops, watch NCLT next for engineering play

  • DCM Shriram/Capex (OPPORTUNITY)

    ₹101Cr resins expansion to 50K TPA (+₹100Cr aid), AGM Aug18, revenue +10.9% YoY

  • Jio Financial/JV (OPPORTUNITY)

    50% in insurance JV with Allianz, health/general entry post IRDAI, initial ₹4.95Cr

Sector Themes (6)

  • RTA Consolidation Wave (NEUTRAL IMPLICATION)

    14/49 filings (28%) disclose CB Management merger into MUFG Intime (e.g., Berger, Exide, Vesuvius), backend efficiencies, no service disruptions, low materiality but portfolio-wide admin streamlining

  • Promoter Stake Reductions (BEARISH FOR PROMOTER CONFIDENCE)

    4 cases (Himatsingka -45.5%, Bandhan -2.06%, Usha Martin -0.04%, NRB sales) average -12% relative drop, signals deleveraging in textiles/banks/industrials

  • Healthcare/Pharma M&A Boom

    5/49 positive (Zydus USD166M +13.6% YoY, Inventurus +892% YoY, Yatharth 250-beds, Onesource shelved), avg target growth +200% YoY, consolidation via assets/subs [BULLISH, ALPHA IN SPECIALTY]

  • Pledge Deleveraging Trend (MILD BULLISH)

    Releases in Paisalo (-0.33%), NRB (-3.10%), Ajanta net zero; high remaining (NRB 72.70%), industrials reducing encumbrance amid loan repayments

  • Revenue Divergence in Targets (SELECTIVE BULLISH)

    Acqui-hires show extremes: ARAI +892% YoY vs MMSPL -43%/-26%, 1908 nil; favors high-growth tech/health over declining ops

  • Fintech/Infra Mergers Accelerating (BULLISH CATALYST-RICH)

    Veefin NCLT-approved, REC-PFC board May16, Lloyds CCI-ok; 4% filings but 9/10 materiality, simplifies structures for growth

Watch List (8)

Filing Analyses (49)
Kairosoft AI Solutions Limited Merger/Acquisition neutral materiality 3/10

13-05-2026

Kairosoft AI Solutions Ltd (BSE: 506122) has made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on May 13, 2026, from Sanjeev Lunkad and Persons Acting in Concert (PACs). This filing indicates an intention to acquire shares in the company that may cross substantial acquisition thresholds. No further details on transaction value, share count, percentage changes, deal structure, valuation, or financial impacts are disclosed.

Himatsingka Seide Limited Merger/Acquisition negative materiality 8/10

13-05-2026

Cohesion MK Best Ideas Sub-Trust disclosed under SEBI Regulation 29(2) the open market sale of 23,28,473 equity shares of Himatsingka Seide Limited between May 5 and 8, 2026, reducing its non-promoter shareholding from 51,15,960 shares (5.1961%) to 27,87,487 shares (2.2168%), a decline exceeding 2% of the company's paid-up capital. This transaction represents a significant reduction in the sub-trust's stake by approximately 45.5% in absolute share terms. The company's total equity share capital remains unchanged at 125,742,289 shares of ₹5 each, aggregating to ₹62,87,11,445.

  • · ISIN: INE049A01027; NSE Symbol: HIMATSEIDE; BSE Scrip Code: 514043
  • · Disclosure submitted to BSE and NSE on May 13, 2026
  • · No change in total diluted share/voting capital (NA)
Retaggio Industries Limited Merger/Acquisition neutral materiality 6/10

13-05-2026

Retaggio Hospitality LLP, a promoter/promoter group entity represented by Savinay Lodha, was allotted 3,06,000 equity shares (face value Rs. 10 each at Rs. 16 premium) of Retaggio Industries Ltd on May 12, 2026, via conversion of warrants on a 1:1 basis. This increased their direct voting shares to 1.57% (0.88% of diluted capital) from zero, while warrants decreased to 25,74,000 (7.43% diluted) from 28,80,000 (8.31%), maintaining total potential holding at 8.31% or 28,80,000 shares. Equity share capital rose from Rs. 19,23,01,600 to Rs. 19,53,61,600, with total diluted capital at Rs. 34,67,61,600 post-acquisition.

  • · Mode of acquisition: Preferential Allotment pursuant to Conversion of Warrants (1:1 ratio).
  • · Warrants exercisable within 18 months from issuance, no redemption applicable.
  • · Acquirer is part of Promoter/Promoter group.
Colgate Palmolive (India) Limited Merger/Acquisition neutral materiality 3/10

13-05-2026

Colgate Palmolive (India) Ltd (BSE: 500830) has filed a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received from Life Insurance Corporation of India. This indicates LIC's intention to acquire shares in the company, potentially taking its holding to 5% or increasing an existing substantial stake. No details on deal size, share count, valuation, or stake percentage are disclosed.

Berger Paints (I) Limited Merger/Acquisition neutral materiality 3/10

13-05-2026

Berger Paints India Limited informed stock exchanges that its Registrar and Transfer Agent (RTA), CB Management Services Private Limited (CIN: U74140MH1994PTC429689), has amalgamated with MUFG Intime India Private Limited (formerly Link Intime India Private Limited, CIN: U67190MH1999PTC118368) effective May 8, 2026, pursuant to an order from the Regional Director (WR), ROC Mumbai, with appointed date of April 1, 2025. Services to shareholders will continue seamlessly with no changes, and the company's website will be updated accordingly. The new RTA holds SEBI Registration No. INR000004058.

  • · New investor query email: investor.helpdesk.in@m.mufg.com
  • · RTA address: C-101, 1st Floor, 247 Park Lal Bahadur Shastri Marg, Vikhroli (West), Mumbai - 400083
  • · Website for updates: https://www.bergerpaints.com/investors/services
  • · Scheme confirmed under Section 233 of Companies Act, 2013
Exide Industries Limited Merger/Acquisition neutral materiality 3/10

13-05-2026

Exide Industries Limited received intimation on May 13, 2026, that its Registrar and Share Transfer Agent (RTA), CB Management Services Private Limited, has been amalgamated with MUFG Intime India Private Limited effective May 8, 2026, pursuant to an order from the Regional Director (Western Region), Ministry of Corporate Affairs, Mumbai. MUFG Intime India Private Limited will now serve as the new RTA for the company. This is an administrative change with no reported financial impact.

  • · Merger effective date: May 8, 2026
  • · New RTA address: Rasoi Court, 5th Floor, 20 R. N. Mukherjee Road, Kolkata-700001
  • · New RTA contact: Tel. +91 033 6906 6200; Email: investor.helpdesk@in.mpms.mufg.com; Website: www.in.mpms.mufg.com
Pankaj Polymers Ltd. Merger/Acquisition neutral materiality 3/10

13-05-2026

Pankaj Polymers Ltd. (531280) has made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE, pertaining to Prabha Kedia, indicating a substantial acquisition or change in shareholding. No details on transaction size, shares acquired, valuation, or shareholding percentages are provided in the filing. This is an informational SAST compliance filing with no quantitative financial or operational metrics disclosed.

Ajanta Pharma Limited Merger/Acquisition neutral materiality 2/10

13-05-2026

Promoter Aayush M Agrawal, trustee of Aayush Agrawal Trust, created a pledge on 2,86,213 shares (0.23% of total share capital) of Ajanta Pharma Limited on May 12, 2026, for a new loan with Julius Baer Capital (India) Pvt Ltd, increasing temporary encumbrance to 90,67,875 shares (7.26%). The pledge on the same 2,86,213 shares was released the same day upon loan repayment, reverting encumbrance to 87,81,662 shares (7.03%), resulting in no net change. This disclosure was filed on May 13, 2026, under SEBI (SAST) Regulations.

  • · Other promoter holdings unchanged: Gabs Investments Pvt Ltd (1,25,88,393 shares, 10.08%), Yogesh Agrawal Trust (1,80,78,147 shares, 14.47%), Rajesh Agrawal Trust (1,80,78,148 shares, 14.47%), Ravi Agrawal Trust (1,62,42,904 shares total, 60,63,920 encumbered at 4.85%)
  • · Ravi P. Agrawal holds 2,85,000 shares (0.23%, unencumbered); Aayush M. Agrawal holds 30,000 shares (0.02%, unencumbered)
KANCO TEA & INDUSTRIES LIMITED Merger/Acquisition neutral materiality 2/10

13-05-2026

Kanco Tea & Industries Limited informed BSE Limited that its Registrar and Transfer Agent, CB Management Services Private Limited, has amalgamated with MUFG Intime India Private Limited, effective from a date in 2026 as approved by the Regional Director (Western Region), Registrar of Companies, Mumbai. MUFG Intime India Private Limited will now serve as the Company's Registrar and Transfer Agent, with no immediate change in communication details.

Zaggle Prepaid Ocean Services Limited Merger/Acquisition neutral materiality 8/10

13-05-2026

Zaggle Prepaid Ocean Services Limited has provided an update on its acquisition of Dice Enterprises Private Limited, announcing the execution of an Asset Purchase Agreement – Contracts, Intellectual Property Assignment Agreement, and Asset Purchase Agreement – Software on May 13, 2026. This follows prior intimations dated June 5, 2025, and May 8, 2026, with details already disclosed in the May 8 letter pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015. No financial terms or performance metrics were disclosed in this update.

  • · Letter reference: ZAGGLE/26-27/23 dated May 13, 2026
  • · Company symbols: ZAGGLE (NSE), 543985 (BSE)
  • · SEBI Master Circular reference: HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
Indo Borax & Chemicals Limited Merger/Acquisition neutral materiality 2/10

13-05-2026

Indo Borax & Chemicals Limited (BSE: 524342) has received a disclosure under Regulations 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, from Zenrock Chemicals Pvt Ltd on May 13, 2026. This filing pertains to shareholding disclosures related to substantial acquisitions but provides no quantitative details such as stake percentages, share counts, or transaction values. No positive or negative financial impacts, changes in promoter holdings, or other metrics are mentioned.

Vesuvius India Limited Merger/Acquisition neutral materiality 3/10

13-05-2026

Vesuvius India Limited informed stock exchanges that its Registrar and Share Transfer Agent (RTA), CB Management Services Private Limited, merged with MUFG Intime India Private Limited effective May 8, 2026, following an order by the Regional Director, Mumbai, with appointed date of April 1, 2025. MUFG Intime India Private Limited, bearing SEBI Registration No. INR000004058, now serves as the RTA with no changes to services or operations for shareholders, ensuring seamless continuity. The merger aims to achieve internal economies of scale as CB Management Services was a wholly-owned subsidiary of MUFG Intime.

  • · New RTA Address: Rasoi Court, 5th Floor, 20 R. N. Mukherjee Road, Kolkata – 700001
  • · RTA Contact: Tel. +91 033 6906 6200; Website: www.in.mpms.mufg.com; Emails: rana.roychowdhury@in.mpms.mufg.com, investor.helpdesk@in.mpms.mufg.com
  • · Regional Director Order Reference: RD/WR/Sec.233/MUFG/AC2438148/2026 dated April 24, 2026
  • · CB Management Services CIN: U74140MH1994PTC429689
  • · MUFG Intime India CIN: U67190MH1999PTC118368; PAN: AAACI4988N
Bandhan Bank Limited Merger/Acquisition neutral materiality 8/10

13-05-2026

Bandhan Financial Holdings Ltd., the promoter (NOFHC) of Bandhan Bank Limited, sold 3,31,07,015 equity shares of Rs. 10 each (~2.06% stake) via open market transactions, reducing its holding from 64,41,15,857 shares (40.00%) to 61,10,08,842 shares (37.93%) of the Bank's total paid-up equity share capital of 161,09,72,314 shares. The sales occurred across multiple dates from 02-Sep-25 to 12-May-26 as part of divesting excess shareholding. No other changes in encumbrances, voting rights, or convertible securities were reported.

  • · Disclosure pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
  • · Total diluted share/voting capital after transaction: 161,02,89,642 equity shares of Rs. 10 each.
  • · No shares encumbered, additional voting rights, or convertible securities held.
Indo-National Limited Merger/Acquisition mixed materiality 5/10

13-05-2026

Indo National Limited invested Rs. 80,00,000 to subscribe to 871 equity shares of Medcuore Medical Solutions Private Ltd (MMSPL), acquiring an additional 2.69% stake on a fully diluted basis and increasing its total shareholding to 57.48%. This cash investment, based on a valuation of Rs. 9,187 per share, aims to support MMSPL's business growth in air monitoring systems and purifiers. However, MMSPL's turnover has declined sharply YoY, from Rs. 83,54,000 in FY23 to Rs. 47,68,000 in FY24 (-43%) and further to Rs. 35,41,484 in FY25 (-26%).

  • · No governmental or regulatory approvals required for the acquisition.
  • · Acquisition completed via cash consideration; not a related party transaction.
  • · MMSPL incorporated on 07/06/2020; operates in India.
  • · Indicative completion timeframe for investment objectives: Upto FY 2027-28.
Aptus Pharma Limited Merger/Acquisition neutral materiality 3/10

13-05-2026

Aptus Pharma Ltd (BSE: 544529) has filed a disclosure under Regulation 29(1)/29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, pertaining to Kapilbhai Chandarana. No details on the nature of the acquisition, share volume, percentage stake, transaction value, or any financial metrics are disclosed in the filing. This is an informational SAST prior intimation with no quantitative data provided.

Fedbank Financial Services Limited Merger/Acquisition neutral materiality 3/10

13-05-2026

Fedbank Financial Services Ltd (BSE: 544027) has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received from True North Fund VI LLP. This indicates the acquirer's intention to acquire shares that may result in crossing substantial acquisition thresholds. No specific details on shareholding changes, transaction value, or percentage stakes are disclosed in the filing.

Ddev Plastiks Industries Limited Merger/Acquisition neutral materiality 3/10

13-05-2026

Ddev Plastiks Industries Limited informed stock exchanges that its Registrar and Share Transfer Agent (RTA), C B Management Services Private Limited, merged with MUFG Intime India Private Limited effective May 8, 2026, pursuant to an order dated April 24, 2026. The RTA appointment continues on similar terms until March 31, 2027, with unchanged address but updated email (investor.helpdesk@in.mpms.mufg.com) and new compliance officer contact, Mr. Amit Kumar Banerjee. No disruptions to services are anticipated as the servicing team remains the same.

  • · Scrip Code: 543547, Symbol: DDEVPLSTIK, ISIN: INEOHR601026
  • · MUFG Intime India Private Limited SEBI Registration No.: INRO00004058
  • · RTA Kolkata Branch: Rasoi Court, 5th Floor, 20 Sir R N Mukherjee Road, Kolkata-700001, Phone: 033-6906-6200
  • · MUFG Intime Regd Office: C-101, 1st Floor, 247 Park, LBS Marg, Vikhroli (West), Mumbai-400083
  • · Disclosure available on company website: https://www.ddevgroup.in/corporate-announcement
Kaushalya Infrastructure Development Corporation Limited Merger/Acquisition neutral materiality 3/10

13-05-2026

Kaushalya Infrastructure Development Corporation Limited has intimated that its Registrar and Transfer Agent (RTA), CB Management Services Private Limited, merged with MUFG Intime India Private Limited effective May 8, 2026, pursuant to an order by the Regional Director (WR), Registrar of Companies, Mumbai. The company's RTA is now MUFG Intime India Private Limited (SEBI Registration No. INR000004058). Investors are advised to direct queries and grievances to investor.helpdesk@in.mpms.mufg.com.

  • · Filing dated May 13, 2026
  • · Merger effective date: 08.05.2026
IFB Agro Industries Limited Merger/Acquisition neutral materiality 3/10

13-05-2026

IFB Agro Industries Limited informed stock exchanges that its Registrar and Share Transfer Agent (RTA), CB Management Services Private Limited, merged with MUFG Intime India Private Limited effective May 8, 2026, pursuant to an order by the Regional Director Mumbai. The new RTA, MUFG Intime India Private Limited (SEBI Registration No. INR000004058), will continue all services seamlessly with no changes to shareholder/investor support. This administrative update was disclosed on May 13, 2026, and is available on the company's website.

  • · Scrip Code: 507438
  • · Symbol: IFBAGRO
  • · RTA intimation email dated May 12, 2026
  • · Merger order by Regional Director Mumbai
Bharti Airtel Limited Company Update positive materiality 9/10

13-05-2026

Bharti Airtel Limited's Board approved the issuance of up to 146,761,335 fully paid-up equity shares to Indian Continent Investment Limited (ICIL) at INR 1,923 per share, aggregating to ~INR 282.2 Bn, in exchange for up to 16.31% stake (595,204,251 shares) in subsidiary Airtel Africa plc via share swap. The transaction is cash-less, leverage neutral, accretive to EPS, issued at a ~9.5% premium to Airtel's last closing price, and acquires Airtel Africa shares at a ~11.6% discount to its last closing price, aiming to consolidate shareholding. It is subject to shareholder approval in an EGM and regulatory clearances.

  • · Relevant Date for floor price: May 13, 2026
  • · Face value of equity shares: INR 5 each
  • · Transaction based on independent valuation report certifying swap ratio
  • · Board authorized Special Committee for transaction matters
  • · Airtel Africa listed on London Stock Exchange
Century Extrusions Limited Merger/Acquisition neutral materiality 3/10

13-05-2026

Century Extrusions Limited informed stock exchanges that its Registrar and Share Transfer Agent (RTA), CB Management Services Private Limited, merged with MUFG Intime India Private Limited effective May 8, 2026, pursuant to a Scheme of Merger and Order dated April 24, 2026 by the Regional Director (WR). The servicing team for the company remains unchanged, and the new RTA's details, including SEBI Registration No. INR000004058, have been provided for record updates. No disruptions or procedural changes are anticipated at this stage.

  • · NSE Symbol: CENTEXT; BSE Scrip Code: 500083
  • · Century Extrusions CIN: L27203WB1988PLC043705
  • · MUFG Intime India CIN: U67190MH1999PTC118368
  • · New RTA SEBI Registration No.: INR000004058
  • · Intimation email from RTA dated May 12, 2026
GE Vernova T&D India Limited Merger/Acquisition neutral materiality 3/10

13-05-2026

GE Vernova T&D India Limited (formerly GE T&D India Limited) informed stock exchanges that its Registrar and Share Transfer Agent (RTA), CB Management Services Private Limited, merged with MUFG Intime India Private Limited effective May 8, 2026, pursuant to a scheme approved by an order dated April 24, 2026 from the Regional Director (WR), Ministry of Corporate Affairs, Mumbai. The new RTA holds SEBI Registration No. INR000004058, with updated contact details provided. The company assured seamless continuation of RTA services to shareholders with no changes.

  • · New RTA contact details: Rasoi Court, 5th Floor, 20 Sir R N Mukherjee Road, Kolkata 700001; Tel: +91 033 6906 6200; Email: investor.helpdesk@in.mpms.mufg.com; Website: www.in.mpms.mufg.com
  • · Company's BSE Code No.: 522275; NSE Symbol: GVT&D
  • · Filing communicated via email from former RTA dated May 12, 2026
DCM Shriram Limited Merger/Acquisition mixed materiality 9/10

13-05-2026

DCM Shriram Limited approved audited standalone financial results for FY26, with total revenue from operations growing 10.9% YoY to ₹13,796.72 Cr from ₹12,441.96 Cr, driven by sale of products up to ₹13,730.96 Cr; Q4 FY26 revenue rose 8.7% YoY to ₹3,211.70 Cr from ₹2,955.01 Cr but declined 16.8% QoQ from ₹3,858.02 Cr. The Board recommended a final dividend of 200% (₹4 per share of ₹2 face value), aggregating total FY26 dividend to 560% (₹11.20 per share), approved ₹101 Cr capex for HSCL's Formulated Resins capacity expansion (to 50K TPA) with up to ₹100 Cr assistance, and scheduled the 37th AGM on August 18, 2026.

  • · Auditors issued unmodified opinion on FY26 standalone financial results.
  • · Board meeting held on May 12-13, 2026; Q4 results are balancing figure between audited FY and prior limited review quarters.
  • · Proposed cancellation of 39,00,000 forfeited equity shares subject to shareholder approval.
Rossell India Limited Merger/Acquisition neutral materiality 3/10

13-05-2026

Rossell India Limited has intimated that its Registrar to an Issue and Share Transfer Agent (RTA), CB Management Services Private Limited (transferor company), has merged with MUFG Intime India Private Limited (transferee company) effective from May 8, 2026, following an order by the Regional Director, Western Region, Ministry of Corporate Affairs dated April 24, 2026. The scheme under Section 233 of the Companies Act, 2013, has an appointed date of April 1, 2025, and Form INC-28 was filed on May 8, 2026. The communication confirms that the CB Management team servicing Rossell will continue unchanged, with no adverse impact mentioned.

  • · Order reference: RDIWRISec.233/MUFG/AC2438148/2026/226 dated April 24, 2026
  • · CINs: Rossell India Limited (L01132WB1994PLC063513), CB Management Services Private Limited (U74140MH1994PTC429689), MUFG Intime India Private Limited (U67190MH1999PTC118368)
Ador Multiproducts Ltd Merger/Acquisition mixed materiality 8/10

13-05-2026

Thrive Future Habitats Limited (formerly Ador Multiproducts Limited) has approved and paid cash consideration of Rs. 18,249.07 lakhs to acquire 18,24,907 equity shares (30.31% of paid-up share capital) in its subsidiary 1908 E-Ventures Private Limited from 18 transferors, including related parties, to make it a wholly-owned subsidiary for enhanced management control and operational integration. The acquisition is expected to complete by December 31, 2026. However, 1908 EVPL reported Nil turnover and a net loss of (252.42) lakhs for FY 2024-25, with turnover sharply declining from 642.96 lakhs in FY 2022-23 to 157.62 lakhs in FY 2023-24.

  • · Acquisition qualifies as related party transaction involving Tushar Rohinton Balsara (Promoter Group), Deep Ashda Lalvani, and B Advani and Company Pvt Limited; conducted at arm's length.
  • · 1908 EVPL incorporated on August 8, 2015; operates in E-commerce / Online Retail & Marketplace Services in India.
  • · Earlier disclosure on November 14, 2025.
REC Limited Merger/Acquisition neutral materiality 9/10

13-05-2026

REC Limited, a Government of India Enterprise and Maharatna Company, has scheduled a Board of Directors meeting on May 16, 2026, to consider and discuss the merger with Power Finance Corporation Limited, in accordance with the Company's Articles of Association. As per the Company's Code of Conduct, the trading window for REC's equity shares and other listed securities is closed from May 14, 2026, until further orders for all Designated Persons and their immediate relatives. The intimation complies with Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

  • · Scrip Code: RECLTD
  • · Filing reference: SEC-II 187(2)/2026/2837 Dated: May 13, 2026
VEEFIN SOLUTIONS LIMITED Merger/Acquisition positive materiality 9/10

13-05-2026

The National Company Law Tribunal (NCLT), Mumbai Bench, vide order dated May 13, 2026, has allowed the scheme application CA(CAA)/92/MB-IV/2026 for the amalgamation (merger by absorption) of wholly-owned subsidiaries GlobeTF Solutions Limited and Estorifi Solutions Limited into Veefin Solutions Limited, with appointed date of April 1, 2026. The order directs convening meetings of equity shareholders and creditors of all companies to approve the scheme, which aims to achieve business synergies, broaden product portfolio, simplify corporate structure, and includes post-merger reduction of Veefin's paid-up equity share capital. BSE had issued a no-objection observation letter on April 1, 2026.

  • · Share exchange ratio: 2,731 fully paid-up equity shares of Veefin (face value ₹10) for every 10 shares of GlobeTF; 7,673 shares for every 10 shares of Estorifi.
  • · Board approvals for the scheme obtained on 30.09.2025.
  • · No secured creditors in GlobeTF Solutions Limited as on 31.03.2026.
The Investment Trust Of India Limited Merger/Acquisition neutral materiality 8/10

13-05-2026

The Board of Directors of The Investment Trust of India Limited approved the audited consolidated and standalone financial statements and results for the quarter and year ended March 31, 2026, with an unmodified audit opinion from M/s Ramesh M. Sheth & Associates. They also approved a scheme of amalgamation of wholly owned subsidiaries into the company and provided an update on the ongoing scheme of arrangement involving the demerger of the company's Non-lending Business Undertaking into Distress Asset Specialist Limited, originally approved in June 2022. No specific financial performance metrics or period-over-period changes were disclosed in the filing.

  • · Board meeting held on May 13, 2026, from 3:35 P.M. to 6:10 P.M.
  • · Demerger scheme initially approved by Audit Committee and Board on June 4, 2022.
  • · Auditors: M/s Ramesh M. Sheth & Associates (FRN: 111883W).
Inventurus Knowledge Solutions Limited Merger/Acquisition positive materiality 9/10

13-05-2026

Inventurus Knowledge Solutions Limited, operating as IKS Health, announced the acquisition of ARAI Solutions, a pioneering AI management and technology company, to accelerate development of a full agentic AI technology stack and enhance its four-layer healthcare AI capabilities with ARAI's biomedical knowledge graphs and ontology. This integration will boost areas such as autonomous coding, clinical decisions, denial prevention, prior authorization reasoning, and precision medicine, reducing reliance on third-party AI infrastructure. The acquisition positions IKS Health as the only full-stack player with proprietary domain intelligence, strengthening its competitive edge in care enablement solutions.

  • · IKS Health founded in 2006
  • · Recognized by Black Book as top provider of AI-driven RCM services
  • · Recognized by KLAS for performance and client satisfaction
  • · Google Cloud DORA Award for 'Augmenting Human Expertise with AI'
  • · NSE Symbol: IKS; BSE Scrip Code: 544309
  • · Partners with largest health systems, physician groups, and specialty practices across the United States
The Investment Trust Of India Limited Merger/Acquisition positive materiality 8/10

13-05-2026

The Board of Directors of The Investment Trust of India Limited approved the audited consolidated and standalone financial statements and results for the quarter and year ended March 31, 2026, with an unmodified auditor's opinion from M/s Ramesh M. Sheth & Associates. They also approved a scheme of amalgamation of wholly owned subsidiaries into the company and provided an update on the ongoing scheme of arrangement involving demerger of the company's non-lending business into Distress Asset Specialist Limited. No material financial performance variances or concerns were highlighted in the disclosures.

  • · Board meeting held on May 13, 2026, from 3:35 P.M. to 6:10 P.M.
  • · Demerger scheme initially approved by Audit Committee and Board on June 4, 2022.
  • · ITI Gold Loans Limited subsidiary until November 29, 2025.
  • · ITI Gold Loans Limited became associate effective from a specified date in 2025.
Inventurus Knowledge Solutions Limited Merger/Acquisition positive materiality 8/10

13-05-2026

Inventurus Knowledge Solutions Limited's Board approved the acquisition of 100% equity in Arai Solutions Private Limited for a cash consideration of ₹11 Cr on May 13, 2026. The Target, an AI consultancy firm, reported revenue from operations of ₹54.63 Lakh in FY 2025-26, marking strong YoY growth of 892% from ₹5.51 Lakh in FY 2024-25, with total income of ₹55.38 Lakh and net worth of ₹9.56 Lakh. Upon completion by June 20, 2026, the Target will become a wholly-owned subsidiary, enhancing the Company's AI R&D and care management capabilities.

  • · Target incorporated on April 5, 2024 (CIN: U58200KA2024PTC187134)
  • · Target's registered office: D-37, Golden Enclave, Airport Road, Vimanapura, Bangalore, Karnataka, 560017, India
  • · Acquisition not a related party transaction; no promoter/promoter group interest
  • · No governmental or regulatory approvals required
  • · Board meeting held on May 13, 2026, from 05:15 P.M. IST to 06:39 P.M. IST
Zydus Lifesciences Limited Merger/Acquisition positive materiality 9/10

13-05-2026

Zydus Lifesciences Limited, through its subsidiary Zydus Worldwide DMCC and Zara Merger Sub Inc., has signed a definitive agreement to acquire all outstanding shares of U.S.-based Assertio Holdings, Inc. (NASDAQ: ASRT) for USD 23.50 per share in cash, totaling approximately USD 166.4 million on a fully-diluted basis. The deal provides an immediate U.S. specialty oncology commercial footprint anchored by Assertio's ROLVEDON® product, which reported adjusted turnover growth from USD 60.09 million in CY2024 to USD 68.23 million in CY2025 (13.6% YoY), following an asset sale; the transaction is structured as a tender offer followed by merger, expected to close in FY2026-27 subject to customary conditions and approvals.

  • · Assertio headquartered in Lake Forest, Illinois; focused on specialty oncology supportive-care therapies.
  • · Transaction subject to customary closing conditions including tender of majority shares and regulatory approvals; tender offer to commence within five business days.
  • · Assertio to be delisted from Nasdaq post-merger; approved by boards of Zydus Worldwide and Assertio.
  • · Assertio sold non-surviving assets on April 8, 2026 to Cottage Pharmaceuticals Inc.
Black Box Limited Merger/Acquisition positive materiality 8/10

13-05-2026

Black Box Limited has completed the acquisition of 100% stake in 2S Inovações Tecnológicas, a leading Brazilian solutions integrator, through its step-down subsidiary BLACK BOX DO BRASIL INDÚSTRIA E COMÉRCIO LTDA. All terms and conditions were fulfilled on May 13, 2026 at 2:00 a.m. IST, with the acquisition effective from May 1, 2026. This follows the initial intimation dated February 12, 2026.

  • · Previous intimation: letter no. BBOX/SD/SE/2026/10 dated February 12, 2026
  • · Scrip codes: BSE: 500463, NSE: BBOX
  • · Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015
Black Box Limited Merger/Acquisition positive materiality 8/10

13-05-2026

Black Box Limited announced the completion of its acquisition of 2S Inovações Tecnológicas S.A., a Brazil-based provider of digital infrastructure solutions, effective May 1, 2026, strengthening its LATAM presence in data center networking, cloud, cybersecurity, and managed services. The deal is expected to contribute approximately ₹500 Cr in annualised revenues, supporting the company's global growth strategy towards US$2 billion annual revenues by 2030. No financial declines or flat metrics were reported.

  • · 2S Inovações Tecnológicas S.A. established in 1992 and headquartered in São Paulo, Brazil.
  • · Acquisition advances Black Box’s capabilities in mission-critical networking, hyperscale-ready data center infrastructure, collaboration, and security solutions.
  • · Black Box serves sectors including financial services, technology, healthcare, retail, public services, and manufacturing.
Usha Martin Limited Merger/Acquisition neutral materiality 3/10

13-05-2026

Peterhouse Investments Limited, part of the promoter/promoter group of Usha Martin Limited, disclosed the sale of 130,656 equity shares (0.04% of total share capital) on May 11, 2026, via open market on NSE, reducing its direct equity holding from 3,250,000 shares (1.06%) to 3,119,344 shares (1.02%). The stake remains above 1%, with unchanged holding of 185,691 GDRs convertible into 928,455 equity shares at the holder's option. Total equity share capital of Usha Martin Limited is 30,47,41,780 shares before and after the transaction.

  • · Disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
  • · Mode of sale: Open Market (National Stock Exchange)
  • · Date of sale: 11.05.2026; Date of disclosure: 12.05.2026
  • · Shares listed on BSE, NSE; GDRs on Luxembourg
NRB Bearing Limited Merger/Acquisition neutral materiality 6/10

13-05-2026

Trilochan Singh Sahney Trust 1, a promoter/promoter group entity of NRB Bearings Limited, disclosed the open market sale of 15,00,362 equity shares (1.55% of total share capital) on May 11, 2026, and the off-market release of pledge over 18,83,448 equity shares (1.94%) on May 12, 2026, pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This transaction reduced the Trust's total holding (voting shares plus encumbrances) from 67,85,123 shares (7.00%) to 52,84,761 shares (5.45%), while voting shares increased from 18,96,675 (1.96%) to 22,79,761 (2.35%) and encumbered shares decreased from 48,88,448 (5.04%) to 30,05,000 (3.10%). No financial impact or further details on pricing were provided.

  • · Disclosure filed with BSE and NSE on May 12, 2026 (filing date May 13, 2026)
  • · Trilochan Singh Sahney Trust 1 is part of Promoter/Promoter group
Gemstone Investments Ltd. Merger/Acquisition neutral materiality 2/10

13-05-2026

Gemstone Investments Ltd (BSE:531137) has received a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 from Veluben Velji Keriya. This filing indicates an intention or agreement to acquire shares that may cross or increase beyond substantial shareholding thresholds (typically 5% or more). No further details on deal structure, share counts, percentages, valuation, or strategic rationale were disclosed.

Schneider Electric Infrastructure Limited Merger/Acquisition neutral materiality 3/10

13-05-2026

Schneider Electric Infrastructure Limited has intimated that its Registrar and Share Transfer Agent (RTA), CB Management Services Private Limited, merged with MUFG Intime India Private Limited effective May 8, 2026, pursuant to an order by the Regional Director, Mumbai, dated April 24, 2026, with appointed date of April 1, 2025. The new RTA, MUFG Intime India Private Limited (SEBI Registration No. INR000004058), will continue all services seamlessly with no changes to shareholder/investor services. This is a wholly-owned subsidiary merger aimed at achieving internal economies of scale, efficiency, and cost reductions without adverse impact on stakeholders.

  • · Transferor Company CIN: U74140MH1994PTC429689, PAN: AABCC1781C, incorporated April 20, 1994.
  • · Transferee Company CIN: U67190MH1999PTC118368, PAN: AAACI4988N, incorporated February 16, 1999.
  • · Both companies share registered office: C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West), Mumbai - 400083.
  • · CB Management Services Private Limited is a wholly-owned subsidiary of MUFG Intime India Private Limited.
  • · Company website: https://infra.schneider-electric.co.in/ and schneider-infra.in
BDH Industries Ltd. Merger/Acquisition neutral materiality 2/10

13-05-2026

BDH Industries Ltd (BSE: 524828) filed revised disclosures under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on May 13, 2026, pertaining to Ms. Purnima Hingorani. No quantitative details such as shareholding changes, transaction values, or percentage shifts are disclosed in the filing. This appears to be a compliance update with no additional facts on any merger, acquisition, or material impact provided.

Paisalo Digital Limited Merger/Acquisition positive materiality 7/10

13-05-2026

Equilibrated Venture Cflow Pvt. Ltd., a promoter group entity of Paisalo Digital Limited, disclosed the release of pledge on 30,00,000 shares (0.33% of total share capital) effective May 12, 2026, reducing its encumbered shares from 7,49,09,002 (8.24%) to 7,19,09,002 (7.91%), as collateral release for loans from Cholamandalam Investment and Finance Company Limited. Its total holding remains 18,67,63,880 shares (20.53%). While other promoters like Pro Fitcch Pvt. Ltd. and Pri Caf Pvt. Ltd. continue to hold minor encumbrances of 18,10,000 shares each (0.20%), individuals such as Sunil Purushottanm Agarwal show no pledged shares.

  • · Disclosure reported to BSE and NSE on May 13, 2026 under SEBI Regulation 31.
  • · Encumbrance was 38.50% of promoter's own shareholding and over 20% of total share capital prior to release.
  • · Historical encumbrances listed include pledges to entities like STCI Finance Ltd., IIFL Finance Limited, with values up to Rs. 3,09,00,000 shares and loan amounts like Rs. 36,00,00,000/-.
NRB Bearing Limited Merger/Acquisition mixed materiality 7/10

13-05-2026

Promoters of NRB Bearings Limited, Trilochan Singh Sahney Trust-1 and Harshbeena Sahney Zaveri, released encumbrance (unpledged) a total of 30,06,028 shares (3.10% of total share capital) on May 12, 2026, as part of step-by-step loan repayment to Tata Capital Limited, reducing encumbered shares from 3,36,73,681 (72.70% of promoter holding). The security value of remaining encumbered promoter shares stood at ₹1110.96 Crore against ₹275 Crore loans (4:1 ratio), indicating ongoing high pledge levels despite the positive reduction. Total promoter holding remains 4,63,21,454 shares (47.79% of share capital).

  • · Other promoters (e.g., Aziz Yousuf Zaveri, Anupa Sahney) reported no change in encumbrance (Nil).
  • · Encumbrance released in favor of Tata Capital Limited; no involvement of listed company or group.
  • · Date of reporting: May 12, 2026; Filing date: May 13, 2026.
Timken India Limited Merger/Acquisition neutral materiality 3/10

13-05-2026

Timken India Limited has intimated stock exchanges about the merger of its Registrar and Transfer Agent (RTA), CB Management Services Private Limited, with MUFG Intime India Private Limited, effective May 8, 2026, pursuant to an order from the Regional Director (WR), Registrar of Companies, Mumbai. MUFG Intime India Private Limited will now serve as the Company's RTA, with a new investor query email: Investor.helpdesk@in.mpms.mufg.com, and no other communication details changed for now. Any future updates will be posted on the Company's website.

  • · Merger effective date: 8 May 2026
  • · Filing date: 13 May 2026
  • · NSE Symbol: TIMKEN; BSE Scrip Code: 522113
  • · Company CIN: L29130KA1996PLC048230
  • · Website for RTA updates: https://www.timken.com/en-in/investors/investor-services/
Sri Adhikari Brothers Television Network Limited Merger/Acquisition neutral materiality 8/10

13-05-2026

Aqylon Nexus Limited (formerly Sri Adhikari Brothers Television Network Limited) has intimated BSE and NSE about a Board of Directors meeting scheduled for May 20, 2026, to consider and approve a proposed acquisition/investment in an unnamed corporate entity, including execution of a Term Sheet and related documents subject to approvals. No financial details or target specifics were disclosed in the filing dated May 13, 2026.

  • · CIN: L62090MH1994PLC083853
  • · Scrip Code (BSE): 530943; Symbol (NSE): AQYLON
  • · Registered Office: 6th Floor, Adhikari Chambers, Oberoi Complex, New Link Road, Andheri (West), Mumbai - 400053
Onesource Specialty Pharma Limited Merger/Acquisition negative materiality 8/10

13-05-2026

Onesource Specialty Pharma Limited's Board decided not to pursue the proposed Composite Scheme of Arrangement and Amalgamation (Merger by Absorption) involving Steriscience Specialties Private Limited, Brooks Steriscience Limited, Steriscience Pte. Limited, Strides Pharma Services Private Limited, and Onesource in its current form. This follows an in-principle approval on February 26, 2026, for acquiring SteriScience facilities in Poland and Baroda. The Board will revisit the transaction after successful delivery of the respective companies’ FY28 guidance.

  • · Scrip Code: 544292
  • · Symbol: ONESOURCE
  • · CIN: L74140MH2007PLC432497
Yatharth Hospital & Trauma Care Services Limited Merger/Acquisition positive materiality 8/10

13-05-2026

Yatharth Hospital & Trauma Care Services Limited's Board approved the acquisition of hospital assets from RNY Healthcare Services Private Limited at Sector 40, Gurugram, including 1.30 acres of land and a building under construction with potential capacity of ~250 beds, for a cash consideration of ₹100 Crore to enhance presence in Delhi NCR. The transaction involves additional capex of ₹100 Crore for medical equipment and is expected to complete in 45 days, subject to required statutory approvals but no governmental or regulatory approvals needed. No related party transaction or promoter interest involved.

  • · Transaction on as-is-where-is basis
  • · No related party transaction; conducted at arm's length
  • · No government or regulatory approval required
  • · 100% acquisition/control
  • · ISIN: INE0JO301016; Symbol: YATHARTH; Scrip Code: 543950
International Combustion (India) Lt Merger/Acquisition neutral materiality 3/10

13-05-2026

International Combustion (India) Limited received intimation on May 12, 2026, that its Registrar and Share Transfer Agent (RTA), CB Management Services Private Limited, amalgamated with MUFG Intime India Private Limited effective May 8, 2026, pursuant to an order from the Regional Director (Western Region), Ministry of Corporate Affairs. MUFG Intime India Private Limited will now act as the Company's RTA. No financial impact or performance metrics are mentioned in the filing.

  • · New RTA address: Rasoi Court, 5th Floor, 20 R. N. Mukherjee Road, Kolkata – 700001
  • · New RTA contact: Tel: +91 033 6906 6200; Email: investor.helpdesk@in.mpms.mufg.com; Website: www.in.mpms.mufg.com
  • · Copies sent to: National Securities Depository Limited (NSDL), Central Depository Services (India) Limited (CDSL)
Yatharth Hospital & Trauma Care Services Limited Merger/Acquisition positive materiality 9/10

13-05-2026

Yatharth Hospital & Trauma Care Services Ltd announced the acquisition of an under-construction 250-bed hospital in Sector 40, Gurugram, for a consideration of ~INR 100 crores, with an additional ~INR 100 crores planned for project completion and medical equipment procurement. This strategic move expands the company's presence in the high-growth Delhi NCR market, adding to its existing network of over 2,500 beds and overall announced capacity of ~3,250 beds. The acquisition underscores disciplined capital deployment without any reported challenges or declines in current operations.

  • · Hospital located in Central Gurugram, near IGI airport, targeting domestic and international patients
  • · Current operational regions: Noida, Greater Noida, Noida Extension, Greater Faridabad, New Delhi, Jhansi-Orchha, growing in Agra
  • · Filing date: May 13, 2026; ISIN: INE0JO301016; NSE Symbol: YATHARTH; BSE Scrip Code: 543950
Jio Financial Services Limited Company Update positive materiality 8/10

13-05-2026

Jio Financial Services Limited and Allianz Europe B.V. incorporated Jio Allianz General Insurance Limited (JAGIL) on May 12, 2026, to conduct general insurance business (including health insurance) in India, following a joint venture agreement dated April 22, 2026. The Company is subscribing to 49,50,000 equity shares of face value Rs. 10 each for a 50% stake with an initial investment of ₹4.95 Cr. The incorporation follows a no objection certificate from IRDAI and is subject to further regulatory approvals; it is not a related party transaction.

  • · Certificate of Incorporation received by email at 5.12 p.m. on May 12, 2026
  • · Equity shares face value: Rs. 10/- each
  • · No interest from Company’s promoter/promoter group/group companies
  • · Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015
LLOYDS ENGINEERING WORKS LIMITED Merger/Acquisition positive materiality 9/10

13-05-2026

Lloyds Engineering Works Limited (LEWL) has received approval from the Competition Commission of India (CCI) under Section 31(1) of the Competition Act, 2002, for the proposed Scheme of Merger by Absorption of Lloyds Infrastructure & Construction Limited (LICL), Metalfab Hightech Private Limited (MHPL), and Techno Industries Private Limited (TIPL) into LEWL, along with their respective shareholders under sections 230 to 232 of the Companies Act, 2013. This intimation is made under Regulation 30 of SEBI (LODR) Regulations, 2015, referencing a prior application under Regulation 37. No specific monetary impact or other details on relevance to the listed entity are provided.

  • · BSE Scrip Code: 539992 (Fully paid up)
  • · Trading Symbol: LLOYDSENGG
  • · CCI approval details enclosed as Annexure A

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