India Sector Consolidation Regulatory Filings — July 04, 2026

04-07-2026

Refex Industries Limited has filed a revised disclosure under Regulation 31(1) and 31(2) of SEBI (SAST) Regulations, 2011 on July 04, 2026, pertaining to Refex Holding Pvt Ltd. The filing is a regulatory compliance update regarding substantial acquisition of shares, but no specific deal structure, valuation, or strategic rationale details are provided in the disclosure. The filing lacks quantitative data on transaction value, share counts, or financial metrics, limiting the ability to assess materiality or investment impact.

• · Revised disclosure filed on July 04, 2026 under SEBI SAST Regulations 31(1) and 31(2)
• · Acquirer is Refex Holding Pvt Ltd
• · No financial details, share counts, or valuation metrics disclosed in the filing

04-07-2026

EPL Limited invested an additional 4,95,00,000 Thai Baht (equivalent to ₹144.54 Million) in its wholly-owned subsidiary EPL Packaging (Thailand) Co. Ltd. (EPTL) on July 3, 2026, for subscription of 4,85,100 shares. The investment aims to support EPTL's growth in manufacturing and trading of laminated tubes in Thailand, with completion expected by August 14, 2026. EPTL, incorporated in February 2025, reported a turnover of 16,159,093.60 Thai Baht for FY 2025-26, with no prior turnover as it was newly established.

• · EPTL was incorporated on February 4, 2025.
• · EPTL's turnover for FY 2025-26 was 16,159,093.60 Thai Baht; no turnover for FY 2024-25 and FY 2023-24 as it was newly incorporated.
• · The investment is a related party transaction conducted at arm's length.
• · Post-investment, EPL holds 99% and LTL holds 1% of EPTL, maintaining EPTL as a wholly-owned subsidiary.
• · Completion of formalities expected by August 14, 2026.

04-07-2026

Vividhmargi Trust, the promoter of Themis Medicare Limited, has pledged 2,53,17,620 equity shares (27.49% of total share capital) on June 29, 2026, in favor of CTL Trusteeship Limited as security for unrated, unlisted secured redeemable non-convertible debentures issued by OSS Software Solutions Labs Private Limited. The pledged shares represent 40.96% of the promoter's total holding of 6,18,03,990 equity shares, and the borrowing is for personal use by the promoters and PACs, not for the benefit of the listed company.

• · The pledge was created on June 29, 2026, and reported on July 3, 2026.
• · The debentures are unrated and unlisted, issued by OSS Software Solutions Labs Private Limited.
• · The ratio of security value (₹2,84,19,02,845) to amount involved (₹1,35,00,00,000) is 2.10:1.
• · The borrowing is for personal use by promoters and PACs, not for the benefit of Themis Medicare Limited.

04-07-2026

Pharmaceutical Business Group (India) Limited (PBGIL), a promoter group entity holding 47.02% of Gujarat Themis Biosyn Limited (GTBL), disclosed an indirect encumbrance over 5,12,40,000 equity shares of GTBL. This arises from Vividhmargi Investments Private Limited creating a pledge over 25,24,245 shares (51%) and a non-disposal undertaking over 21,57,855 shares (47.98%) of PBGIL in favor of CTL Trusteeship Limited. The encumbrance is linked to a debenture issuance by OSS Software Solutions Labs Private Limited, with the borrowed amount of ₹135,00,00,000 intended for personal use by promoters and PACs.

• · The encumbrance is indirect, arising from VIPL's pledge and non-disposal undertaking over PBGIL shares, not directly on GTBL shares.
• · The debentures are unrated, unlisted, secured, redeemable non-convertible debentures issued by OSS Software Solutions Labs Private Limited.
• · The ratio of security value to amount involved is 14.58:1.
• · The borrowed amount of ₹135,00,00,000 is for personal use by promoters and PACs, not for the benefit of GTBL.
• · Post-event, 100% of PBGIL's GTBL holding (5,12,40,000 shares) is now indirectly encumbered.

04-07-2026

Belrise Industries Limited (BIL) has received a 'no adverse observations' observation letter from NSE and BSE, both dated July 3, 2026, regarding its proposed scheme of amalgamation (merger by absorption) of Badve Autocomps Private Limited (BAPL) and Eximius Infra Tech Solutions Private Limited (EIPL) into BIL. The letter includes detailed conditions and disclosure requirements that must be met before and during the NCLT filing process. The scheme's validity is six months from July 3, 2026, within which it must be submitted to NCLT.

• · The Observation Letter was issued in terms of Regulation 37 of SEBI (LODR) Regulations, 2015, and is valid for six months from July 3, 2026.
• · The Company must disclose all details of ongoing adjudication, recovery proceedings, and enforcement actions against the listed entity, its promoters, and directors before NCLT and shareholders.
• · Additional conditions include ensuring financials in the scheme are not older than 6 months, issuance of equity shares in demat form only, and compliance with all applicable provisions of the Companies Act, 2013.
• · The Company must provide extensive disclosures to shareholders, including pre and post scheme assets, liabilities, net worth, revenue, shareholding patterns, detailed shareholder classifications, and the impact on BIL's revenue-generating capacity.
• · The observation from SEBI/Stock Exchanges must be incorporated in the petition filed before NCLT.
• · The Company has 24 hours to disclose the No-Objection letter on its website after receiving it.
• · The letter explicitly states it does not constitute approval under any other Act/Regulation and that SEBI/NSE do not take responsibility for the financial soundness of the scheme.

04-07-2026

The filing is a disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011, received by the exchange for Shantaben Sureshbhai Patel. No specific details about the transaction, deal structure, valuation, or strategic rationale are provided in the filing. The filing only confirms that a disclosure has been made; no financial or operational metrics are included.

04-07-2026

Bikaji Foods International Limited subscribed to an additional 290,000 shares of common stock (USD 10 each) in its wholly-owned subsidiary, Bikaji Foods International USA Corp, for a cash consideration of USD 2,900,000 on July 4, 2026. The investment aims to fund a manufacturing plant in the USA to accelerate business growth, though Bikaji USA's current turnover remains modest at USD 2,620,309 for FY26. The company's shareholding in the subsidiary remains unchanged at 100%.

• · Bikaji USA was incorporated on July 10, 2023 in New Jersey, USA.
• · Authorized capital of Bikaji USA is USD 10,000,000 (1,000,000 shares of USD 10 each).
• · The additional subscription is a related party transaction under Section 177 of the Companies Act, 2013 and Regulation 23 of the Listing Regulations, done at arm's length.
• · No government or regulatory approvals were required for this acquisition.
• · The investment is in cash consideration.

04-07-2026

On July 1, 2026, Koriander Consultants LLP acquired 20,00,000 convertible warrants of Callista Industries Ltd (Scrip Code: 539335) via preferential allotment, increasing its total holding (shares plus warrants) from 7.34% to 14.02% of diluted capital. While the acquisition represents a substantial 6.67% increase in diluted voting capital from warrants alone, the acquirer's shareholding (voting rights) remained unchanged at 14.79% of total voting capital and 3.34% of diluted voting capital, indicating the warrants are not yet converted and carry no voting rights.

• · Warrants are convertible into equity shares within 18 months from allotment at a 1:1 ratio and a conversion price of ₹10 per share; no redemption feature — warrants either convert or lapse.
• · Equity share capital of Callista Industries increased from ₹6,73,90,880 to ₹6,75,90,880 post-allotment, reflecting the face value of new shares that will be issued upon warrant conversion.
• · Total diluted share capital after acquisition stands at ₹29,94,65,880.

04-07-2026

SBI Life Insurance Company Limited disclosed an open market sale of 50,00,000 shares (0.55% of voting capital) in Paisalo Digital Limited on July 01, 2026, reducing its stake from 6.83% to 6.28% of voting capital. The transaction does not involve a promoter or person acting in concert with the acquirer, and Paisalo Digital’s equity share capital remained unchanged at 90,95,21,874 shares.

• · The sale was executed via open market transaction on July 01, 2026.
• · SBI Life Insurance confirmed it does NOT belong to the promoter/promoter group of Paisalo Digital.
• · Paisalo Digital's total diluted share capital post-transaction stands at 99,09,61,314 shares.
• · No encumbered shares, voting rights otherwise by shares, or convertible instruments were involved.

04-07-2026

Market Creators Ltd. has received a disclosure under SEBI (SAST) Regulations, 2011 from Kalpesh J Shah, indicating a potential substantial acquisition of shares. The filing is purely a regulatory disclosure under Regulation 29(1) and does not provide any financial details, deal structure, or strategic rationale. No quantitative data on transaction value, share count, or valuation is disclosed.

• · Disclosure received by BSE from Market Creators Ltd. under Regulation 29(1) of SEBI SAST Regulations.
• · Acquirer identified as Kalpesh J Shah.
• · No details on number of shares acquired, price, or resulting shareholding percentage.

04-07-2026

Raconteur Global Resources Ltd has received a disclosure under Regulation 29(1) of SEBI (SAST) Regulations, 2011 from Anaaya Management Consultancy Pvt Ltd, indicating a potential substantial acquisition of shares or takeovers. The filing is purely a regulatory disclosure with no financial details, deal structure, or strategic rationale provided. No specific numbers, dates, or valuation metrics are disclosed, limiting the ability to assess materiality or impact.

04-07-2026

Lloyds Metals and Energy Limited has acquired an additional 12.27% stake in Hexa Energy MH3 Private Limited for a total consideration of ₹3,14,99,400 (approx. ₹3.15 Cr), increasing its total holding to 29.72%. The acquisition is part of a previously announced investment plan to subscribe to at least 26% of Hexa MH3's equity.

• · The subscription was executed on July 4, 2026, as an update to earlier intimations dated May 30, 2025 and June 27, 2025.
• · The shares were subscribed under a Share Subscription and Shareholders Agreement.
• · The total paid-up equity share capital of Hexa MH3 now attributable to Lloyds stands at 29.72%.

04-07-2026

Sri Lotus Developers and Realty Limited completed the acquisition of equity shares in three wholly owned subsidiaries by subscribing to their rights issues, with a total consideration of ₹491 Lakh. The acquisitions involve Veera Desai Projects Private Limited, Dhiti Projects Private Limited, and Prasati Projects Private Limited, all of which allotted shares on July 4, 2026.

• · All subsidiaries are wholly owned by Sri Lotus Developers and Realty Limited.
• · Allotments were made pursuant to a rights issue, with the issue price fixed at ₹10 per share.
• · The total cost of acquisition across all three subsidiaries amounts to ₹491 Lakh.
• · The filing follows a prior intimation dated July 3, 2026 regarding the proposed investment.

04-07-2026

Godawari Power and Ispat Limited (GPIL) has increased its stake in wholly owned subsidiary Godawari New Energy Private Limited (GNEPL) through a rights issue allotment of 150,000,000 equity shares at ₹10 each for ₹150.00 Crore cash. This brings GPIL's total equity holding in GNEPL to 600,000,000 shares (₹600.00 Crore) representing 100% paid-up capital, with funds earmarked for GNEPL's inaugural 20 GWh Battery Energy Storage System plant in Maharashtra. However, GNEPL was incorporated only in June 2025, has not yet commenced operations, and reported zero turnover as of March 31, 2026, with a net worth of ₹298.01 Crore, indicating the investment is in a pre-revenue stage with execution risks.

• · GNEPL was incorporated on June 25, 2025, and has not yet started business operations.
• · The registered office of GNEPL is in Raipur, Chhattisgarh, while the BESS project will be located in Maharashtra.
• · GNEPL's net worth as of March 31, 2026, was ₹298.01 Crore, with turnover of Nil.
• · The transaction is classified as a related party transaction since GNEPL is a wholly owned subsidiary.
• · No promoter/promoter group/group companies have any interest in GNEPL other than GPIL's ownership.
• · No governmental or regulatory approvals are required for this investment.
• · The rights issue allotment occurred on July 3, 2026, and GPIL received intimation on July 4, 2026.

04-07-2026

Rishabh Arora, a promoter of Royal Sense Limited, has created a pledge over 10,00,000 equity shares (18.69% of the company's share capital) in favor of Comfort Securities Limited as security for financial assistance. The pledge was created on July 2, 2026, and reported to the stock exchange on July 4, 2026. Prior to this event, the promoter had no encumbered shares; post-pledge, the promoter's total encumbered shares stand at 10,00,000.

• · The pledge was created on July 2, 2026, and reported on July 4, 2026.
• · The pledge is in favor of Comfort Securities Limited for financial assistance.
• · Prior to this event, the promoter had no encumbered shares (NIL).
• · The promoter's total shareholding is 32,90,140 shares (61.50% of total share capital, 57.29% of diluted share capital).
• · Post-pledge, the promoter's encumbered shares are 10,00,000 (18.69% of total share capital).

04-07-2026

Raj Television Network Ltd filed a disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011, regarding Kiran Kumar Jain M. The filing is purely a regulatory disclosure under the Takeover Code and does not contain any financial details, deal structure, valuation, or strategic rationale. No transaction value, share count, or financial metrics are disclosed, making this a procedural filing with no material impact on the company's operations or financials.

• · The filing is under Regulation 29(2) of SEBI SAST Regulations, which requires disclosure of any acquisition of shares or voting rights beyond specified thresholds.
• · The acquirer is identified as Kiran Kumar Jain M, but no details on the number of shares acquired, percentage of stake, or consideration are provided.
• · The company is classified under the technology sector on BSE, but the filing does not mention any sector-specific implications.

04-07-2026

Shree Labh Lakshmi Capital Services Pvt. Ltd., a promoter group entity of Prakash Industries Limited, disclosed the release of a pledge on 1,153,801 equity shares (0.64% of total share capital) on July 4, 2026, in compliance with SEBI Takeover Regulations. Post-release, the promoter's encumbered holding reduced to 1,536,071 shares (0.86%), while total promoter holding stood at 2,311,471 shares (1.29%). The pledge was released in favor of Virtue Financial Services, which holds 382,270 shares (0.21%) as a third party.

• · The pledge was released on July 4, 2026, and reported the same day.
• · The release reduced the promoter's encumbered shares from 2,690,872 (1.29% + 0.64%? Actually pre-release encumbered was 2,690,872 shares? The filing shows pre-event encumbered as 2,690,872? Let's check: (2) = 382,270? No, the table shows: (1) = 2,311,471, (2) = 382,270, (3) = -1,153,801. So pre-release encumbered = (2) + (3) = 382,270 + 1,153,801 = 1,536,071? Actually the formula says post-event = (2) +/- (3). For release, post-event = (2) - (3) = 382,270 - (-1,153,801)? That doesn't match. The table shows (2) = 382,270, (3) = -1,153,801, and post-event = 1,536,071. So pre-release encumbered = (2) + |(3)| = 382,270 + 1,153,801 = 1,536,071? That equals post-event. There's inconsistency. The filing states post-event encumbered = 1,536,071 shares (0.86%). The release amount is 1,153,801 shares. So pre-release encumbered = 1,536,071 + 1,153,801 = 2,689,872 shares (approx 1.50%). The filing does not explicitly state pre-release encumbered percentage.
• · The pledge was in favor of Virtue Financial Services as a third party.
• · The filing includes an annexure (Annexure 1) with details of encumbrances of residual promoters as on June 27, 2026, but the content is not provided.