India Sector Consolidation Regulatory Filings — August 10, 2026

10-08-2026

Lloyds Metals and Energy Limited reported a strong Q1 FY27 with standalone revenue from operations surging 125% YoY to ₹5,353.32 Cr and net profit rising 141% YoY to ₹1,526.89 Cr. The Board also approved a 26% stake acquisition in renewable energy projects (wind and solar) under a group captive scheme, and authorized up to ₹625 Cr investment in subsidiary Thriveni Earthmovers and Infra Private Limited. However, the mining segment revenue declined 8.8% sequentially from ₹3,842.31 Cr to ₹3,502.61 Cr, partially offset by a sharp 59% sequential jump in steel and value-added products revenue.

• · Board approved appointment of Mr. Avijit Ghosh as Non-Executive Independent Director for 5 years from 10 Aug 2026 to 09 Aug 2031.
• · Approved conversion of outstanding loans into equity shares of wholly owned subsidiary Lloyds Global Resources FZCO.
• · Enabling approval for additional investment in Lloyds Global Resources FZCO via CCPS, OCPS, RPS or other securities.
• · Security cover certificate and nil deviation statement for NCD proceeds submitted.
• · Basic EPS for Q1 FY27 stood at ₹27.13 vs ₹12.12 in Q1 FY26.
• · Total comprehensive income for Q1 FY27 was ₹1,526.90 Cr vs ₹634.41 Cr in Q1 FY26.

10-08-2026

The Bombay High Court, in a long-standing land acquisition matter (LAR No. 4 of 1999) relating to MTNL's property at Pahadi, Goregaon (East), Mumbai, has permitted claimants to withdraw ₹20,53,94,364 deposited by MTNL as compensation. The Court also directed MTNL to pay the remaining interest within three weeks, though the entire amount paid remains subject to the outcome of MTNL's appeal. The development signals a potential near-term cash outflow for MTNL (interest component) and an ongoing legal liability.

• · The balance interest amount remains payable and must be paid within three weeks from the order date (August 7, 2026).
• · All amounts paid/withdrawn are subject to the final outcome of MTNL's appeal.
• · The matter is a 27-year-old land acquisition reference (filed in 1999).

10-08-2026

Purvah Green Power Private Limited, a subsidiary of CESC Limited, has entered into a Share Purchase Agreement to acquire 100% share capital of six renewable energy SPVs from ReNew Solar Power Private Limited for an enterprise value of INR 4859 crore (plus contingent payment of estimated INR 230 crore). The acquisition adds 1.4 GWp of operational solar capacity, taking Purvah's total contracted capacity to 4.8 GWp (1.8 GWp operational, 3 GWp tied-up) and accelerating the group's path to a 10 GW renewable energy platform. However, several of the acquired wind assets have shown declining turnover in FY 24-25 compared to the prior year, indicating mixed operational performance.

• · The acquisition is expected to be completed before 31st October 2026.
• · No governmental or regulatory approval is required for the acquisition.
• · The acquisition does not fall within related party transactions; the promoter/promoter group/group companies have no interest in the target companies.
• · More than 90% of the acquired capacity is contracted with SECI under long-term PPAs; balance with Karnataka distribution companies; all PPAs over 25-year tenure.
• · The acquired solar assets (ReNew Hans Urja and ReNew Solar Photovoltaic) have only recently commenced operations (Dec 2024 and Mar 2025 respectively) and show turnover of INR 132.8 crore and INR 41.5 crore in FY 24-25.
• · The four wind assets have been operational since 2017 and show declining turnover trends in FY 24-25 compared to FY 23-24.
• · CESC Limited reported consolidated revenue of ₹18,570 crore, EBITDA of ₹4,707 crore, and net profit of ₹1,618 crore for FY26.
• · The acquisition is funded by the parent company (CESC Limited).

10-08-2026

R K Swamy Limited announced that its Board approved a Scheme of Amalgamation to merge its wholly-owned step-down subsidiary, Dsquare Solutions Private Limited, into its wholly-owned material subsidiary, Hansa Customer Equity Private Limited, with an appointed date of April 1, 2026. The merger is aimed at achieving effective control, operational synergies, and simplification of the ownership structure, with no consideration payable since Dsquare is wholly owned by Hansa Cequity. The scheme is subject to statutory and regulatory approvals and does not impact the listed entity's shareholding pattern.

• · The appointed date of the Scheme is April 1, 2026.
• · Dsquare Solutions Private Limited is a deemed public limited company with CIN U72900TN2006PTC060993, engaged in Customer and Marketing Analytics Services.
• · Hansa Customer Equity Private Limited is a deemed public limited company with CIN U72501TN2008PTC066614, engaged in Data Analytics and Digital Marketing Consultancy Services.
• · No consideration is payable as Dsquare is wholly owned by Hansa Cequity; shares held by Hansa Cequity and its nominees in Dsquare will be cancelled.
• · The transaction is exempted from related party transaction provisions under Regulation 23(5)(c) of SEBI LODR Regulations.
• · The amalgamation is expected to reduce multiplicities of legal and regulatory compliances and enhance stakeholder value.

10-08-2026

Piramal Pharma Limited has approved the exercise of a call option to acquire an additional 41% equity stake in Yapan Bio Private Limited, increasing its shareholding from 33.33% to approximately 74%, which will make Yapan a subsidiary. The final consideration and effective date are yet to be finalized, and discussions with Yapan's shareholders are ongoing. Yapan is a CDMO specializing in vaccines and biologics process development and GMP manufacturing.

• · The acquisition is being executed via a call option approved by the Administrative Committee of the Board.
• · Yapan is a Contract Development and Manufacturing Organization (CDMO) specializing in vaccines and biologics.
• · The final acquisition consideration and effective date are yet to be finalized.
• · Further disclosures will be made upon execution of definitive documentation.

10-08-2026

Hindustan Media Ventures Limited (HMVL) has been allotted 3,927 equity shares of RD Retail India Private Limited (RD Retail) for ₹32.5 Crore, following the conversion of 3,250 warrants held by HMVL. This acquisition gives HMVL approximately a 3.8% stake in RD Retail, a fast-growing FMCG B2B marketplace. The investment is aimed at generating future capital returns while leveraging HMVL's media assets, though the stake is relatively small and the target operates outside HMVL's core media business.

• · RD Retail was incorporated in 2012 and is headquartered in Delhi, operating as a B2B marketplace for FMCG products to retailers across Delhi NCR.
• · The acquisition is not a related party transaction and does not require any governmental or regulatory approvals.
• · The consideration for the conversion was cash.

10-08-2026

Godrej Properties Limited (GPL) has received final approval from the NCLT Mumbai Bench for the amalgamation of its wholly owned subsidiary, Embellish Houses Private Limited (EHPL), into itself. The scheme became effective on August 10, 2026, with an appointed date of November 1, 2025. No shares will be issued as consideration since EHPL is a wholly owned subsidiary, and the consolidation is aimed at streamlining the group structure and achieving operational efficiencies.

• · The appointed date for the amalgamation is November 1, 2025.
• · The scheme was approved by the boards of both companies on November 6, 2025.
• · Meetings of equity shareholders and creditors were dispensed with by the NCLT order dated February 5, 2026.
• · The Regional Director (WR), MCA, filed a report on April 29, 2026, with observations that were addressed by the companies.
• · A complaint from Anil Kumar Poddar (SRN No. 100057751) against GPL was noted but deemed not to pertain to the scheme.
• · The Transferor Company (EHPL) was incorporated on October 31, 2025, upon conversion of Embellish Houses LLP.
• · No shares will be allotted as consideration since EHPL is a wholly owned subsidiary of GPL.

10-08-2026

ICICI Prudential Asset Management Company Ltd (ICICI AMC) has approved the acquisition of the portfolio management services (PMS) business from ICICI Securities Limited via a slump sale as a going concern. The PMS business had Assets Under Management (AUM) of ₹29.10 billion as of March 31, 2026, and generated revenue of ₹20.88 crore in FY2026, down from ₹25.30 crore in FY2025. The cash consideration will be 1.20% of the actual AUM transferred, determined by an independent valuer, and the transaction is expected to close within a year subject to regulatory approvals.

• · The acquisition is a related party transaction as ICICI Securities is a wholly owned subsidiary of ICICI Bank, the promoter of ICICI AMC.
• · The PMS business caters to HNIs with discretionary, non-discretionary, and advisory mandates across direct equity, smart beta, and multi-asset strategies.
• · The transaction is expected to be completed within a year, subject to SEBI and other regulatory approvals.
• · Consideration is cash based at 1.20% of actual AUM transferred, determined by an independent valuer.

10-08-2026

Bharat Forge Limited has approved an additional investment of up to ₹2,400 million in its wholly owned subsidiary, Kalyani Strategic Systems Limited (KSSL), at fair value, to be completed by March 31, 2027. KSSL, which posted a turnover of ₹12,244.70 million in FY 2025-26, continues to focus on defense platforms and systems. While the investment supports KSSL's growth, its turnover declined 12.8% YoY from ₹14,044.97 million in FY 2024-25, highlighting a recent downturn in performance.

• · The investment is a related-party transaction on an arm's length basis.
• · No promoter/promoter group/group companies have any interest in the investment.
• · No governmental or regulatory approvals are required.
• · Investment will be completed on or before March 31, 2027.
• · Consideration is in cash.
• · Bharat Forge will maintain 100% shareholding in KSSL.
• · KSSL has presence in India and Spain and was incorporated on December 20, 2010.

10-08-2026

Bharatam Ventures Limited (formerly Pet Plastics Limited) acquired the remaining 0.00133% stake (2 equity shares) in Penganga Sakhar Karkhana Private Limited for ₹240, making it a wholly owned subsidiary. The target company, engaged in sugar manufacturing and allied agro-processing, has shown strong revenue growth from ₹1,404 Lakh in FY 2023-24 to ₹8,352.89 Lakh in FY 2025-26, though the acquisition cost is minimal.

• · The acquisition was completed on August 10, 2026, with the target becoming a wholly owned subsidiary immediately.
• · The acquisition involved a related party transaction for one share from promoter Abhinath Shinde, but was deemed not material under SEBI LODR.
• · No further governmental or regulatory approvals are pending, except post-closing statutory compliances.

10-08-2026

Choice International Limited acquired 100% of the equity shares of its step-down subsidiary, Choice Proptech Solutions Private Limited, from its subsidiary Choice Consultancy Services Private Limited for a cash consideration of ₹6,22,20,000 (₹6,222 per share). The acquisition is part of an internal group restructuring to simplify the corporate structure and improve operational efficiency, with no material impact on the listed entity's business. The target company, which operates a technology-driven real estate platform, reported a turnover of ₹245.57 lakh for FY2025-26, up from ₹213.64 lakh in the prior year, though its net worth stood at ₹137.43 lakh as of March 31, 2026.

• · The acquisition is a related party transaction but done at arm's length based on an independent Registered Valuer's valuation.
• · The transaction does not require shareholder approval as it is not a material related party transaction under Regulation 23 of SEBI LODR.
• · Completion of the acquisition is expected by August 31, 2026.
• · Choice Proptech Solutions was incorporated on March 9, 2011, and operates only in India.
• · The target's turnover declined 4.3% from FY2023-24 to FY2024-25 before recovering in FY2025-26.

10-08-2026

The filing pertains to the outcome of a Board Meeting held on August 10, 2026, regarding a merger/acquisition involving Valiant Laboratories Limited and its wholly owned subsidiary, VASPL. VASPL is engaged in the manufacture of speciality chemicals, including acetic anhydride, ketene, and diketene derivatives. The filing includes financial data for VASPL for the last three financial years.

10-08-2026

Refex Holding Private Limited (formerly Sherisha Technologies Private Limited), a promoter of Refex Renewables & Infrastructure Limited, has proposed to acquire 13,91,869 equity shares (30.94% of the target company's share capital) from Avyan Pashupathy Capital Advisors Private Limited at ₹142.47 per share, through an inter-se promoter transfer. The acquisition, exempted from an open offer under SEBI SAST Regulations, is scheduled for August 14, 2026, and will increase the acquirer's shareholding from 43.92% to 74.86%.

• · The acquisition is exempted from open offer under Regulation 10(1)(a)(ii) of SEBI SAST Regulations as it is an inter-se transfer among promoters.
• · The proposed acquisition date is August 14, 2026.
• · The acquirer declares the acquisition price (₹142.47) is not higher by more than 25% of the computed price (₹274.89 VWAP).
• · The seller, Avyan Pashupathy Capital Advisors Private Limited, will reduce its shareholding from 30.94% to 0% post-transaction.

10-08-2026

Leela Palaces Hotels & Resorts Limited will invest up to ₹185 Crore in its subsidiary Buildminds Real Estate Private Limited via Compulsorily Convertible Preference Shares to fund the construction of a 5-star hotel in Ayodhya. The investment will be made in tranches by FY 2028-29 and does not change management control. Buildminds has nil turnover for FY24, FY25, and FY26.

• · Investment up to ₹185 Crore in subsidiary Buildminds via CCPS
• · Buildminds turnover: FY24 – Nil, FY25 – Nil, FY26 – Nil
• · Investment to be completed on or before FY 2028-29
• · Leela currently holds 76% equity in Buildminds; no change in control expected
• · Transaction is a related party transaction at arm's length