India Sector Consolidation Regulatory Filings — July 17, 2026

17-07-2026

Shakti Pumps (India) Limited has invested ₹5,00,00,000 (₹5.00 Crore) in its wholly owned subsidiary Shakti EV Mobility Private Limited by subscribing to 50,00,000 equity shares of ₹10 each. This brings the total consolidated investment in the subsidiary to ₹70,00,00,000 (₹70 Crore). The investment aims to initiate and expand the subsidiary's business in manufacturing electric vehicle motors and chargers.

• · Shakti EV Mobility was incorporated on December 16, 2021.
• · The subsidiary's total asset size as of March 31, 2026 was ₹12,857.28 Lacs.
• · The investment is made in cash by subscribing to equity shares.
• · No governmental or regulatory approvals are required for the acquisition.
• · The acquisition was completed on the same day.

17-07-2026

Chemcrux Enterprises Limited announced the incorporation of its wholly owned subsidiary, Chemcrux Foundation, a Section 8 (non-profit) company, to fulfill its CSR obligations. The subsidiary was incorporated on July 17, 2026, with an authorized and paid-up share capital of ₹1,00,000, acquired for cash consideration of ₹1,00,000 (10,000 equity shares at ₹10 each). The subsidiary is yet to commence business operations and has no turnover.

• · The subsidiary is a related party due to common directors and promoters, and the transaction is at arm's length.
• · Chemcrux Foundation is incorporated under the jurisdiction of ROC Ahmedabad (Gujarat).
• · The subsidiary's objects include promotion of commerce, art, science, sports, education, research, social welfare, healthcare, charity, and environmental protection.

17-07-2026

Jagsonpal Pharmaceuticals Limited has completed the acquisition of an 85% equity stake in Aequitas Healthcare Private Limited, as previously announced on June 29, 2026, with updates on July 7 and July 8, 2026. The filing does not disclose the financial terms of the transaction or provide any performance metrics for comparison.

• · The acquisition was initially intimated on June 29, 2026, with further updates on July 7 and July 8, 2026.
• · The filing does not include the purchase consideration or any financial details of the transaction.

17-07-2026

MPS Limited (Transferee) has received NCLT approval for the first motion application regarding its amalgamation with ADI BPO Services Limited (Transferor). The NCLT has dispensed with meetings for shareholders and creditors of ADI BPO and secured creditors of MPS, but directed meetings of MPS equity shareholders and unsecured creditors on August 22, 2026. The amalgamation aims to simplify the group structure, eliminate inter-company transactions, and enable MPS to pursue growth opportunities, though it is a related-party consolidation rather than a third-party acquisition.

• · NCLT order dated July 2, 2026, disposed of applications CA(CAA)/45(CHE)2026 and CA(CAA)/49(CHE)2026.
• · Meetings of equity shareholders and unsecured creditors of MPS Limited scheduled for August 22, 2026, at 10:00 AM IST and 11:30 AM IST respectively, at Chennai or via VC/OAVM.
• · ADI BPO Services Limited (Transferor) is a public company incorporated on 09.01.2006, originally as ADI Publishing Services Private Limited.
• · MPS Limited (Transferee) was incorporated on 19.01.1970 as 'Macmillan Company' and renamed to MPS Limited on 25.06.2009.
• · Financial summary of ADI BPO Services as on 31.12.2025: Net worth ₹13,379.27 lakh, Turnover ₹6,188.49 lakh, Current Assets ₹11,532.19 lakh, Non-Current Assets ₹2,003.97 lakh, Current Liabilities ₹106.92 lakh, Non-Current Liabilities ₹46.96 lakh.
• · Financial summary of MPS Limited as on 30.09.2025: Net worth ₹32,583 lakh, Turnover ₹21,083 lakh, Current Assets ₹17,647 lakh, Non-Current Assets ₹21,118 lakh, Current Liabilities ₹5,263 lakh, Non-Current Liabilities ₹919 lakh.
• · The Transferor Company (ADI BPO) is the holding company of the Transferee Company (MPS), making this a vertical amalgamation.

17-07-2026

Euro Panel Products Limited has incorporated a new subsidiary, Eurobond Dimensions Private Limited, effective July 15, 2026, subscribing to 70% of its share capital for cash at face value. The subsidiary is in the same line of business (aluminium composite panels and allied metal products) and is expected to create operational synergies. However, as a newly incorporated entity, it has no turnover yet, and the near-term financial impact is minimal.

• · The subsidiary was incorporated in Maharashtra, India.
• · Two directors of the parent company, Rajesh Nanalal Shah and Divyam Rajesh Shah, have been appointed as directors of the subsidiary.
• · The acquisition does not fall within related party transactions, except for the director appointments.
• · No governmental or regulatory approvals were required for the incorporation.
• · The consideration is cash, paid at face value of the equity shares.

17-07-2026

UGRO Capital Limited and Profectus Capital Private Limited have filed a Company Application with the National Company Law Tribunal (NCLT), Mumbai Bench, on July 16, 2026, to seek sanction for their proposed Scheme of Amalgamation. The scheme, which was approved by the board on January 8, 2026, and received observation letters from stock exchanges on July 10, 2026, remains subject to approvals from shareholders, creditors, the NCLT, and other regulators. No financial terms or performance metrics are disclosed in this procedural update.

• · Company Application filed with NCLT Mumbai Bench on July 16, 2026.
• · Scheme was earlier approved by the Board on January 8, 2026.
• · Observation letters from stock exchanges were received on July 10, 2026.
• · Scheme is under Sections 230 to 232 read with Section 52 of the Companies Act, 2013.

17-07-2026

Aditya Birla Capital Limited (ABCL) has invested ₹4,84,49,98,470 (₹484.49 Cr) on a rights basis in its subsidiary, Aditya Birla Sun Life Insurance Company Limited (ABSLI), to meet ABSLI's growth and funding requirements and improve its solvency margin. The investment was made in cash and was completed on July 17, 2026, with ABCL's shareholding in ABSLI remaining unchanged at 51%.

• · The investment was made on a rights basis, meaning ABCL subscribed to its proportionate share of a rights issue by ABSLI.
• · The transaction is classified as a related party transaction (ABSLI is a subsidiary of ABCL) but is stated to be at arm's length.
• · No governmental or regulatory approvals were required for the acquisition.
• · The investment is intended to improve ABSLI's solvency margin, a key regulatory capital requirement for insurance companies.

17-07-2026

Alkem Laboratories announced the completion of its acquisition of a 51-55% stake in Occlutech Holding AG, a Swiss company, through its wholly owned subsidiary Alkem Medtech Private Limited. The acquisition makes Occlutech a step-down subsidiary of Alkem. No financial terms were disclosed.

• · The acquisition was completed pursuant to a Share Purchase Agreement.
• · Occlutech is a Swiss company.
• · Previous intimations were made on 13th February 2026, 6th March 2026, and 29th June 2026.

17-07-2026

DCM Shriram Limited has entered into a definitive agreement with Serentica Renewables India 38 Private Limited to acquire a 26% equity stake in the SPV for ₹105 Crore, securing 58 MW of renewable power for its Bharuch plant. The investment will increase the company's total renewable energy capacity to 176 MW (peak) across its Bharuch and Kota sites. The project is expected to be commissioned by June 2027 and will help avoid approximately 0.4 million tonnes of CO₂ emissions annually.

• · The project is a hybrid renewable energy project comprising 190 MW solar (from Rajasthan) and wind (from Karnataka) to supply 58 MW, with 36 MW round-the-clock.
• · The target entity was incorporated on 1st January 2026; no financial history available.
• · The investment is structured as cash consideration, and the acquisition is not a related party transaction.
• · The agreement is expected to improve cost efficiency and reduce exposure to conventional energy price fluctuations.
• · The definitive agreement was signed on 17th July 2026, and the project is expected to be commissioned by 30th June 2027.

17-07-2026

Authum Investment & Infrastructure Limited has received NCLT approval for its Resolution Plan to acquire Creatoz Builders Private Limited (CBPL), a real estate company undergoing Corporate Insolvency Resolution Process under the IBC. The acquisition allows Authum to invest in the real estate sector and monetize the underlying assets. No financial terms or performance metrics were disclosed in the filing.

• · The NCLT order was uploaded on the IBBI website on July 16, 2026.
• · The acquisition was originally announced on October 10, 2024.
• · CBPL is a private limited company incorporated under the Companies Act, 1956, engaged in the real estate business.

17-07-2026

Race Eco Chain Limited has invested INR 1,17,30,000 in Ganesha Recycling Chain Private Limited, its subsidiary, via a rights issue, receiving 1,17,300 equity shares. The investment maintains Race Eco Chain's existing 51% ownership stake in the subsidiary. The transaction is classified as a related party transaction but was conducted at arm's length, with no promoter or group company interest in the target.

• · Ganesha Recycling Chain Private Limited was incorporated on September 10, 2024.
• · The subsidiary is engaged in the recycling industry and operates in the Indian market.
• · No turnover data is available for the acquired entity (last 3 years).
• · No governmental or regulatory approvals were required for the acquisition.

17-07-2026

New Delhi Television Limited (NDTV) provided an update on its proposed acquisition of the 'GoodTimes' channel business undertaking from Lifestyle & Media Broadcasting Limited. The transaction is still under discussion and is now expected to close within approximately three months, subject to regulatory approvals and customary conditions. This update indicates a delay from the original timeline, though no specific financial terms or revised completion date were disclosed.

• · The acquisition was initially disclosed on June 18, 2026.
• · Completion is now expected within approximately 3 months from July 17, 2026.
• · The transaction remains subject to statutory and regulatory approvals and customary conditions precedent.

17-07-2026

NIIT Learning Systems Limited announced the merger of its wholly owned step-down subsidiary StackRoute Learning Inc. (SLI) into its direct wholly owned subsidiary NIIT (USA) Inc. The merger, approved by the boards of both entities on July 17, 2026, is aimed at leveraging combined capabilities for enterprise clients, operational simplification, and cost reduction. The transaction involves no cash or share consideration and is not expected to have a material impact on the consolidated financials of the company.

• · The merger is subject to applicable regulatory approvals and customary legal/procedural formalities.
• · Post-merger, SLI will cease to exist and all of NIIT USA's investment in SLI's share capital will be cancelled.
• · The merger will not change the shareholding pattern of NIIT USA or any other subsidiary of the company.
• · SLI has created strong capability in delivering technology programs including AI, Cyber, Cloud, and Data.

17-07-2026

NRB Bearings Limited announced that its wholly owned subsidiary, Mahant Tool Room Private Limited (MTRPL), completed the acquisition of Mahant Tool Room (MTR), a sole proprietorship, on July 17, 2026. Concurrently, MTRPL obtained the AS9100D aerospace certification, positioning NRB to enter the global aerospace and defence market, which is estimated at $14.5B–$16.5B. The acquisition follows a previously disclosed intimation from January 27, 2026, and the company expects this to accelerate its goal of doubling consolidated revenue by 2031.

• · NRB Bearings Limited was established in 1965 and is headquartered in Mumbai, India.
• · NRB serves customers in over 40 countries with subsidiaries in USA, Europe, Thailand, and the UAE.
• · The acquisition was disclosed to stock exchanges on January 27, 2026, and completed on July 17, 2026.
• · NRB holds a commanding position in electric and hybrid vehicle platforms and industrial applications.