India Sector Consolidation Regulatory Filings — August 28, 2026

28-08-2026

Cupid Limited's Board has given in-principle approval to establish a South African manufacturing venture for male condoms and related products, with Cupid holding up to 49% equity and providing technical expertise while the local partner arranges capital expenditure and funding. The approval is subject to final definitive agreements, and no financial figures, timelines, or partner details have been disclosed yet.

• · The venture is driven by South Africa's increasing emphasis on domestic manufacturing, localisation, and local value addition.
• · Cupid will provide technical and manufacturing expertise, know-how, technology-transfer support, quality-control systems, and training.
• · The South African partner is responsible for arranging capital expenditure, working capital, and operating funding.
• · The in-principle approval is subject to finalisation of definitive agreements and arrangements.
• · Further disclosures will be made upon material developments, incorporation of the entity, and execution of definitive arrangements.

28-08-2026

Hero MotoCorp Limited has completed the purchase of 1,18,80,000 equity shares in Ather Energy Limited for a total consideration of approximately Rs. 1,758 crore. Following this transaction, Hero MotoCorp's shareholding in Ather has increased to about 32.8% on a fully diluted basis. The acquisition strengthens Hero MotoCorp's strategic investment in the electric vehicle space, though no prior-period comparison or performance metrics are provided in this filing.

• · The purchase was approved by the Committee of Directors of the Board on August 27, 2026.
• · The filing is made under Regulation 30 of the SEBI Listing Regulations.
• · No prior-period shareholding percentage or comparison is disclosed.

28-08-2026

Dhoot Transmission Ltd has acquired 75,000 equity shares of its wholly-owned subsidiary, Dhoot Transmission UK Limited, for an aggregate consideration of GBP 24,00,000 (₹31,31,57,799) on August 27, 2026. The capital infusion is intended to repay or prepay the subsidiary's outstanding borrowings, enabling further investment in business growth and expansion. While the subsidiary's turnover in FY2025-26 was GBP 74,08,346 (₹87,74,14,126), this represents a decline of approximately 3.1% from the prior year's GBP 76,48,383, indicating a slight contraction in the subsidiary's revenue.

• · The subsidiary was incorporated on January 23, 2007, under the Companies Act, 1985 in the United Kingdom.
• · The acquisition is a related party transaction, done at arm's length, with no promoter/promoter group/group companies interest except for the subsidiary being a related party.
• · The shares were acquired at a face value of GBP 1 each with a premium of GBP 31 per share.
• · The capital infusion is intended to repay/prepay outstanding borrowings of the subsidiary, as disclosed in the Prospectus dated August 12, 2026.
• · No governmental or regulatory approvals were required for the acquisition.

28-08-2026

Excelsoft Technologies Limited has incorporated a wholly owned subsidiary (WOS), Excelsoft Technologies Canada Ltd., in Canada on August 27, 2026, to support its business expansion in the Canadian and broader North American markets. The WOS will serve as a Business Development and Sales hub and provide software development services. The subsidiary has nil charter capital and nil turnover as it is newly incorporated and has not yet commenced operations.

• · The WOS was incorporated on August 27, 2026, in Canada.
• · Charter capital of the WOS is nil.
• · The WOS has common directors with the company: Mrs. Shruthi Sudhanva (Promoter and Whole-time Director) and Mr. Doreswamy Palaniswamy (CEO).
• · The transaction was reviewed and approved by the Audit Committee and Board of Directors and is on an arm's length basis.
• · The company will update the stock exchanges on completion of the acquisition within 12 months.
• · Consideration will be in cash; cost details will be updated upon completion.
• · Excelsoft Technologies Limited will hold 100% shareholding in the WOS.

28-08-2026

Power Grid Corporation of India Limited (POWERGRID) has completed the acquisition of Fatehgarh II Transmission Limited, a project special purpose vehicle (SPV), under the tariff-based competitive bidding (TBCB) route for a cash consideration of about ₹19.11 Crore. The acquisition includes 10,000 equity shares at par value of ₹10 each, giving POWERGRID 100% control of the SPV, which will establish an interstate transmission system for installing two synchronous condensers at the Fatehgarh-II substation. The target entity has no operating history or turnover in the last three years, as it was incorporated only on May 6, 2026, and has yet to commence commercial operations.

• · Fatehgarh II Transmission Limited was incorporated on May 6, 2026, by Bid Process Coordinator PFC Consulting Limited (PFCCL) under the 'Guidelines Encouraging Competition in Development of Transmission Projects' and 'Tariff based Competitive-bidding Guidelines for Transmission Service' notified by the Ministry of Power.
• · The acquisition is not a related-party transaction; POWERGRID had no prior interest in the target entity.
• · Post-acquisition, the SPV must obtain approvals for a Transmission License and adoption of transmission charges from the Central Electricity Regulatory Commission (CERC).
• · The acquisition price is subject to adjustment based on audited accounts of Fatehgarh II Transmission Limited as of the acquisition date.
• · The project will be executed on a build, own, operate and transfer (BOOT) basis.

28-08-2026

Aster DM Quality Care Limited (formerly Aster DM Healthcare Limited) announced that its subsidiary, Chemistry Intermediate Holdings Limited, has acquired a 14.21% stake in STS Holdings Limited, a Bangladesh-based healthcare company, for a cash consideration of USD 44,114,339 (approximately ₹3,675 Cr). The acquisition is in line with a Merger Framework Agreement executed on 29 November 2024 and a Scheme of Amalgamation approved by the NCLT Hyderabad Bench on 19 June 2026. While the target company has shown consistent revenue growth over the past three years, the acquisition represents a minority stake and does not provide control.

• · The acquisition is a further investment transaction, not a change in control.
• · The target company, STS Holdings Limited, was incorporated on 28 August 1997.
• · The price per share is USD equivalent of BDT 273.45 per equity share (face value BDT 10).
• · The acquisition does not fall under related party transactions.
• · No governmental or regulatory approvals are required for the acquisition.

28-08-2026

AXISCADES Technologies Limited has approved the acquisition of 90% of Cloud Wave Technologies Private Limited for a cash consideration of approximately INR 234 Crore at an enterprise valuation of approximately INR 260 Crore. Cloud Wave is an AS9100D-certified precision manufacturing company with seven units and an audited turnover of INR 107.78 Cr for FY 25-26, showing strong growth from INR 36.98 Cr in FY 23-24. The acquisition marks a strategic shift from engineering services toward aerospace manufacturing, though it is an adjacency to the company's core historical line of business.

• · Cloud Wave was incorporated on August 13, 2014, and is headquartered in Bengaluru, India.
• · The acquisition is not a related party transaction and is at arm's length.
• · The company will acquire 90% shareholding by September 30, 2026, with the remaining 10% to be acquired subsequently.
• · The acquisition is expected to be earnings accretive over the medium term and is not expected to adversely impact existing operations.
• · Cloud Wave serves customers in Aerospace & Defence and Semiconductor sectors, in both domestic and export markets.

28-08-2026

South West Pinnacle Exploration Ltd (SWPE), along with promoters Mr. Vikas Jain and Mr. Piyush Jain, has subscribed to the rights issue of Alara Resources Ltd (ARL), increasing their aggregate shareholding from 10.83% to 12.66%. SWPE acquired 1,87,91,597 shares at AUD 0.032 per share via cash consideration. While the investment is in the same line of business and expected to yield operational synergies, ARL's turnover has grown significantly from AUD 5,462,901 in 2024 to AUD 55,122,260 in 2025, though it had nil turnover in 2023.

• · The investment is under the automatic route of Foreign Exchange Management (Overseas Investment) Rules, 2022, requiring no governmental approval.
• · SWPE has two joint ventures in Oman with ARL's subsidiary: Alara Resources LLC and Al Hadeetha Mining LLC.
• · Mr. Vikas Jain is also a director on the board of ARL.
• · ARL was incorporated on December 6, 2006, and is based in Perth, Australia.
• · ARL had nil turnover in 2023, indicating a significant ramp-up in operations by 2025.

28-08-2026

S V Global Mill Limited announced a scheme to cancel 10,91,187 unclaimed physical shares (6% of paid-up capital) to reduce administrative costs and move all shares to demat mode. Promoter holdings will rise from 69% to 73% post-cancellation, while non-promoter holdings shrink. The scheme requires approval from stock exchange, SEBI, shareholders, and NCLT.

• · Face value per share remains Rs 5/-; no reduction due to accumulated losses.
• · Continuing shareholders not diluted or written down in value.
• · No benefit accrues to promoter or promoter group from restructuring.

28-08-2026

Gayatri Highways Limited has completed the acquisition of a 23% equity stake (10,67,729 shares of INR 10 each) in HKR Roadways Limited from Kotak Special Situations Fund on August 27, 2026. The target company, which operates a BOT toll road project in Andhra Pradesh/Telangana, reported total revenue of INR 26,402.61 Lakhs in FY 2024-25, up from INR 24,578.30 Lakhs in FY 2023-24 and INR 22,539.75 Lakhs in FY 2022-23. The acquisition was initially expected to close by June 30, 2026, then extended to September 30, 2026, and was ultimately completed on August 27, 2026.

• · The acquisition was completed on August 27, 2026, after two deadline extensions (originally June 30, 2026, then September 30, 2026).
• · The target company was incorporated on August 9, 2010, and operates a PPP BOT toll road project in Andhra Pradesh/Telangana.
• · The acquisition is not a related party transaction and the promoter/promoter group has no interest in the target.
• · Approval from the Roads & Buildings Department, Government of Telangana was obtained.
• · Consideration is cash-based, with the final price to be determined at consummation of the Securities Purchase Agreement.