India Technology Sector Merger & Acquisition Filings — May 22, 2026

22-05-2026

The filing is a SAST disclosure under Regulation 29(2) for Navodya Enterprises & PACs regarding SML Mahindra Limited. The filing contains no financial details, valuation metrics, or strategic rationale — it is a routine procedural disclosure required when crossing a shareholding threshold. No transaction value, share count, swap ratio, or financial performance data are disclosed. This is an informational filing with no actionable investment impact.

• · Filing type: Disclosure under Reg 29(2) of SEBI SAST Regulations
• · Acquiring entity: Navodya Enterprises & its Persons Acting in Concert (PACs)
• · Target: SML Mahindra Limited
• · No details on transaction value, number of shares, or percentage acquired
• · No details on the trigger threshold that necessitated this disclosure
• · No details on post-acquisition shareholding pattern

22-05-2026

Global Ocean Logistics India Ltd (BSE: 544665) filed a disclosure under Regulation 29(1) of SEBI (SAST) Regulations, 2011, confirming that Neeta Bloom VCC has crossed a 5% shareholding threshold, triggering substantial acquisition disclosure requirements. The filing provides no deal structure details (merger, acquisition, merger), valuation, swap ratio, strategic rationale, or any financial metrics beyond the regulatory trigger. Both positive and negative signals are absent; the event is purely procedural and informational. No scheduled events, quantitative data, or forward-looking statements are mentioned.

• · The filing is a standard SAST threshold-crossing disclosure, indicating that Neeta Bloom VCC has accumulated a 5% or more stake in Global Ocean Logistics India Ltd.
• · No details on the number of shares acquired, acquisition price, or total consideration are provided.
• · The disclosure does not indicate whether the acquisition is open market or negotiated.
• · SAST Regulation 29(1) typically requires the acquirer to disclose the number and percentage of shares acquired, the acquisition price, and the purpose of acquisition — but this filing by the company only confirms receipt of the disclosure without releasing those details.

22-05-2026

Hindustan Foods Limited has received a disclosure under SEBI SAST Regulation 29(2) from Shrinivas V Dempo & Others. The filing confirms a substantial acquisition of shares has occurred, triggering mandatory disclosure requirements. However, the filing provides no details on the transaction value, number of shares acquired, post-acquisition stake, or the strategic rationale for the acquisition.

• · The filing is a receipt acknowledgment by the company (Hindustan Foods Ltd) of a disclosure from the acquirer (Shrinivas V Dempo & Others).
• · The specific trigger event (crossing of a shareholding threshold) and the exact stake acquired are not disclosed in this filing.
• · The sector is listed as 'technology', which may be a classification error as Hindustan Foods is primarily a contract manufacturing/FMCG company.

22-05-2026

Lux Industries Limited has incorporated a wholly owned subsidiary, Lux and Cozi Limited, in West Bengal, India, receiving the Certificate of Incorporation on May 22, 2026. The subsidiary, with a share capital of 2,50,000 equity shares of ₹2 each (aggregating to ₹5,00,000), is yet to commence business operations. The incorporation is part of a Family Settlement Agreement to facilitate the proposed demerger of Vertical A of the company.

• · The subsidiary is a related party of Lux Industries Limited, but the acquisition is not a related party transaction.
• · Promoter Ashok Kumar Todi and Promoter Group member/Executive Director Saket Todi are directors of the WOS.
• · The subsidiary's business will be manufacturing and trading of garments including hosiery products.
• · No governmental or regulatory approvals were required for the acquisition.
• · The consideration was cash, with Lux Industries Limited holding 100% of the subsidiary's shares.

22-05-2026

Vani Commercials Limited reported audited standalone financial results for Q4 and FY ended March 31, 2026. Revenue from operations for the quarter was ₹155 Lakhs, a sharp decline from ₹571 Lakhs in the same quarter last year, while full-year revenue fell to ₹339 Lakhs from ₹576 Lakhs. The Board approved two acquisitions: a 51% stake in The Scale Estates Limited (to be incorporated) for ₹51,000 and a 51% stake in GTB Projects Private Limited, both aimed at expanding into real estate and construction. The company also approved preferential issuance of equity shares/warrants and compulsorily convertible debentures.

• · The company reported no outstanding qualified borrowings at the start or end of FY26, and no credit rating for unsupported bank borrowing.
• · Total comprehensive income for Q4 FY26 was ₹23 Lakhs, unchanged from Q4 FY25 (₹12 Lakhs? Actually Q4 FY25 comprehensive income was ₹26 Lakhs? The table shows Q4 FY25 comprehensive income as 26? The table is ambiguous; Q4 FY25 profit was 12, OCI not shown, but comprehensive income line shows 26 for Q4 FY25. The filing shows Q4 FY26 comprehensive income as 23, Q4 FY25 as 26, a decline of 11.5%.
• · Earnings per share (basic) for Q4 FY26 was ₹0.03, compared to ₹0.01 in Q4 FY25, and for FY26 was ₹0.12 vs ₹0.02 in FY25.
• · The company has no reportable operating segments as per Ind AS 108.
• · The auditors' report has an unmodified opinion for FY26.
• · Related party transactions include loans to/from directors and entities controlled by directors, with significant balances: Novaxdigital Technologies had a closing balance of ₹858.76 Lakhs (loan), Regency Fincorp had a closing balance of ₹760.24 Lakhs (loan).
• · The company allotted 17,666,663 equity shares on a preferential basis on March 2, 2026, raising ₹8,42,99,964.
• · No deviation or variation in the use of funds raised from the preferential issue was reported.
• · The company has no outstanding defaults on loans or debt securities.

22-05-2026

Neogem India Ltd filed a revised disclosure under SEBI SAST Regulations for Rekha Mahindra Doshi on May 22, 2026. No financial details, deal structure, or strategic rationale are disclosed. The filing is purely regulatory with no quantitative data.

22-05-2026

Oscar Global Ltd has scheduled a Board meeting for May 29, 2026, to evaluate acquisition opportunities, increase authorized share capital from ₹33,000,000 to ₹1,100,000,000 (110 crore), alter its MoA and AoA, and consider fund raising up to ₹2.45 Crore. The trading window will be closed for designated persons from May 29, 2026, until 48 hours after the board outcome is disclosed. No financial results or prior-period comparisons are provided in this filing.

• · The board will also consider opening a new bank account and authorizing signatories (any two KMPs jointly with any one director).
• · The trading window for designated persons will be closed from May 29, 2026, until 48 hours after the board meeting outcome is submitted to the stock exchange.
• · The fund raising proposal is up to ₹2.45 Crore via preferential issue, rights issue, QIP, or other permissible modes, subject to statutory and shareholder approvals.

22-05-2026

G R Infraprojects Limited has disclosed a proposed inter-se transfer of equity shares of its promoter group companies (Jasamrit Designers Private Limited and Jasamrit Construction Private Limited) by way of gift among qualifying immediate relatives, promoters, and promoter group members. The transfers, scheduled on or after 28 May 2026, will not change the aggregate shareholding or voting rights in G R Infraprojects Limited, as the promoters' total stake remains at 57.65% pre- and post-transfer. The filing also references a prior inter-se transfer that occurred on 27 and 30 March 2026, which similarly had no impact on the company's shareholding or control.

• · The proposed inter-se transfer involves 10 equity shares (0.10%) of Jasamrit Designers Private Limited from Vinod Kumar Agarwal to Pankaj Agarwal, 200 shares (2.00%) from Mahendra Agarwal to Pankaj Agarwal, 200 shares (2.00%) from Ajendra Agarwal to Pankaj Agarwal, 900 shares (9.00%) from Purshottam Agarwal to Pankaj Agarwal, 3,090 shares (30.90%) from Devki Nandan Agarwal to Pankaj Agarwal, and 4,400 shares (44.00%) from Devki Nandan Agarwal to Vikas Agarwal.
• · In Jasamrit Construction Private Limited, the proposed transfer is 133 shares (1.33%) from Devki Nandan Agarwal to Ajendra Agarwal.
• · The prior inter-se transfer (27 & 30 March 2026) involved multiple acquirers (Laxmi Devi Agarwal, Suman Agarwal, Ritu Agarwal, Kiran Agarwal, Sangeeta Agarwal) and resulted in no change to the aggregate promoter shareholding in G R Infraprojects Limited.
• · The weighted average market price of G R Infraprojects shares for 60 trading days preceding the notice is ₹911.36.
• · The aggregate promoter and promoter group shareholding in G R Infraprojects Limited is 57.65% (5,57,69,210 shares) both before and after the proposed transaction.

22-05-2026

National Fittings Limited (NFL) approved a Scheme of Amalgamation to merge Avisa Private Limited (Transferor Company 1) and Banil Casting Private Limited (Transferor Company 2) into itself, with an appointed date of April 1, 2026. The merger aims to integrate backward manufacturing capabilities, access land in Gujarat, and enhance production capacity, but is subject to approvals from BSE, SEBI, NCLT, shareholders, and creditors. The scheme will significantly increase promoter shareholding from 34.04% to 63.02% post-merger, while public shareholding will drop from 65.96% to 36.98%.

• · Transferor Company 1 (Avisa) has nil turnover and total book value of assets of ₹4.56 Crore as of March 31, 2026.
• · Transferor Company 2 (Banil) has total assets of ₹78.80 Crore and turnover of ₹62.60 Crore (including other income of ₹1.57 Crore) for FY ended March 31, 2026.
• · Transferee Company (NFL) has total assets of ₹119.84 Crore and turnover of ₹96.19 Crore (including other income of ₹4.78 Crore) for FY ended March 31, 2026.
• · Share exchange ratio: For every 1,000 equity shares of Transferor Company 1, 1,03,098 equity shares of NFL will be issued; for every 1,000 equity shares or 0.01% CCPS of Transferor Company 2, 472 equity shares of NFL will be issued.
• · No cash consideration is involved in the scheme.
• · The scheme is subject to approvals from BSE, SEBI, NCLT, shareholders, and creditors.
• · The Board meeting commenced at 2:00 PM and concluded at 5:00 PM on May 22, 2026.

22-05-2026

Shilpa Bagrodia, a member of the promoter group of Winsome Textile Industries Ltd, acquired 60,000 equity shares (0.3027% of voting capital) via open market purchase on May 20, 2026, increasing her holding from 3.9442% to 4.2469%. The total promoter group stake rose marginally from 59.6382% to 59.9409% post-acquisition.

• · The acquisition was made from the open market on BSE on May 20, 2026.
• · No shares were encumbered before or after the acquisition.
• · The company's total equity share capital is 19,820,000 shares of ₹10 each.
• · Other promoter group members' holdings remained unchanged; the only change was Shilpa Bagrodia's increase from 781,754 to 841,754 shares.

22-05-2026

The promoter group of Innovassynth Technologies (India) Ltd (formerly Innovassynth Investments Ltd) acquired 1,40,69,636 equity shares via a rights issue on May 20, 2026, increasing their collective holding from 73.70% to 75.04% of the post-issue share capital. The filing notes the overall increase in share capital does not exceed 2%, but the disclosure was made out of abundant caution. No negative or flat metrics are present in this filing.

• · The rights issue allotment date was May 20, 2026.
• · The filing is made under Regulation 29(1) of SEBI Takeover Code, 2011.
• · The acquirers are all part of the promoter/promoter group.
• · No encumbrances (pledge/lien) were involved before or after the acquisition.
• · The post-issue diluted share capital is 9,28,60,696 equity shares.
• · The disclosure was made out of abundant caution as the overall increase in share capital does not exceed 2%.

22-05-2026

Universal Arts Ltd filed a disclosure under SEBI SAST Regulation 29(1) on May 22, 2026, regarding an acquisition by Vipul Jayraj Kapadia & Others. The filing is purely a regulatory disclosure with no financial details, deal structure, or strategic rationale provided. No quantitative data, valuation metrics, or shareholder impact information is available in the filing.

22-05-2026

Manomay Tex India Limited approved audited financial results for Q4 and FY ended March 31, 2026, and a share purchase agreement to acquire a 26% stake in LOV SMART RJ-1 PRIVATE LIMITED for ₹3.12 Cr to secure 13.65 MW (DC) captive solar capacity. For FY26, revenue from operations grew 2.0% YoY to ₹71,070.33 Lakhs, while net profit declined 1.9% YoY to ₹1,925.27 Lakhs, reflecting margin pressure.

• · The acquisition target LOV SMART RJ-1 PRIVATE LIMITED was incorporated on April 25, 2026, with zero turnover as of March 31, 2025.
• · The acquisition is not a related party transaction and is at arm's length.
• · The transaction is expected to be completed on or before November 30, 2026.
• · Total comprehensive income for FY26 remained flat at ₹1,919.79 Lakhs compared to the prior year.
• · Other equity (reserves) declined by 14.9% from ₹15,291.38 Lakhs to ₹13,013.03 Lakhs, indicating a significant reduction in retained earnings or other reserves.
• · The company's total assets increased to ₹67,616.14 Lakhs from ₹61,796.25 Lakhs, driven by higher current assets.
• · Total liabilities decreased to ₹46,978.35 Lakhs from ₹50,519.89 Lakhs, primarily due to lower current liabilities.
• · The auditors' report is unmodified with no adverse remarks.

22-05-2026

Gabriel India Limited announced that the Composite Scheme of Arrangement involving Anchemco India Private Limited (Transferor), Asia Investments Private Limited (Transferee/Demerged Company), and Gabriel India Limited (Resulting Company) became effective on May 22, 2026, following the filing of the NCLT order with the Registrar of Companies. Under the scheme, the Transferor Company has been amalgamated with the Transferee Company, and the Demerged Undertaking of the Demerged Company has been transferred to Gabriel India Limited on a going concern basis. No financial figures or performance metrics were disclosed in this filing.

• · The Scheme was sanctioned by the Hon’ble National Company Law Tribunal, Mumbai Bench on May 11, 2026.
• · The certified copy of the Order and the Scheme was filed with the Registrar of Companies on May 22, 2026.
• · Effective Date of the Scheme is May 22, 2026.
• · Part C of the Scheme: Transferor Company amalgamated with Transferee Company and dissolved without being wound up.
• · Part D of the Scheme: Demerged Undertaking of Demerged Company transferred to Gabriel India Limited on a going concern basis.

22-05-2026

Worth Peripherals Limited informed the exchanges that its Promoter, Chairperson and Whole-Time Director, Mr. Raminder Singh Chadha, acquired 6,391 equity shares of the company through an open market transaction on May 22, 2026. The acquisition is within prescribed regulatory limits under SEBI insider trading and takeover norms. No other financial metrics or period comparisons are provided in this filing.

• · The acquisition is within the limits prescribed under SEBI (Prohibition of Insider Trading) Regulations, 2015 and SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
• · The company undertakes to promptly inform exchanges if any disclosure threshold is triggered in future.
• · No other financial results, revenue, profit, or balance sheet data were disclosed in this filing.

22-05-2026

Balkrishna Namdeo Salunkhe, an immediate relative of the promoter group, has given prior intimation for the acquisition of 4,55,098 equity shares (2.04% of share capital) from Mr. Rajendra Namdeo Salunkhe via an inter-se gift transfer, exempt from open offer under SEBI (SAST) Regulations. The transaction is proposed on or after May 29, 2026, with no consideration involved. Post-transfer, the aggregate promoter group holding remains unchanged, while Balkrishna's individual stake rises from 2.05% to 4.10%.

• · The transfer is exempt from open offer under Regulation 10(1)(a)(i) of SEBI (SAST) Regulations, 2011, as it is an inter-se transfer among promoter group members.
• · No consideration is involved; the transfer is by way of gift pursuant to an Affidavit of Gift.
• · The aggregate promoter and promoter group holding remains unchanged before and after the transaction.
• · The proposed date of acquisition is on or after May 29, 2026.
• · The acquirer (Balkrishna) is an immediate relative of the transferor (Rajendra) and both belong to the promoter group.

22-05-2026

TVS Motor Company completed a secondary acquisition of a 4.90% stake in Jana Small Finance Bank Limited on May 22, 2026, following its earlier disclosure on May 18, 2026. The acquisition was announced as a material development under SEBI LODR regulations and increases TVS Motor's presence in the banking sector.

• · The disclosure references an earlier announcement dated May 18, 2026.
• · The stake acquired is 4.90% (not a controlling interest).
• · The acquisition is secondary in nature, meaning shares were purchased from existing shareholders rather than via a fresh issue.

22-05-2026

GOCL Corporation Limited has received a 'No Objection' letter dated May 22, 2026 from the National Stock Exchange of India Limited (NSE) regarding its proposed scheme of merger by absorption of Hinduja National Power Corporation Limited (HNPCL) into GOCL. The NSE's observation letter, based on SEBI's comments, imposes several conditions including disclosure of pending adjudication and enforcement actions, compliance with SEBI circulars, and detailed disclosures to shareholders. The scheme remains subject to approval from the NCLT, shareholders, and other regulatory authorities, and the observation letter is valid for six months.

• · The NSE observation letter includes conditions such as disclosing all details of ongoing adjudication, recovery proceedings, and enforcement actions against the company, its promoters, and directors before NCLT and shareholders.
• · The company must ensure financials in the scheme (including those for valuation) are not more than 6 months old.
• · The scheme must be submitted to NCLT within six months from May 22, 2026, i.e., by November 22, 2026.
• · The observation letter explicitly states that NSE does not take responsibility for the financial soundness of the scheme or correctness of statements made.
• · The company must disclose the NSE's No Objection letter on its website within 24 hours of receipt.
• · The scheme is subject to approval from the Hon'ble NCLT, shareholders of both companies, and other statutory/regulatory authorities.

22-05-2026

Samvardhana Motherson International Limited (MOTHERSON) has completed the merger of its indirect wholly owned subsidiary SMR Automotive Operations Japan K.K. into its holding company Misato Industries Co. Ltd., effective April 1, 2026. The merger was registered at the Commercial Registry of Japan on May 20, 2026, with certified records issued on May 21, 2026. The transaction is aimed at simplifying the corporate structure and increasing operating efficiency, with no cash consideration or change in shareholding pattern.

• · The merger was effective from April 1, 2026, with the Commercial Registry of Japan issuing certified records on May 21, 2026.
• · SMR Auto-Japan was a wholly owned subsidiary of Misato prior to the merger.
• · After the merger, assets of SMR Auto-Japan have been transferred in block by universal succession to Misato.
• · Exchange rate used: 1 JPY = INR 0.60.
• · Misato ceased to exist with effect from April 1, 2026 (note: this appears to be a typo in the filing as Misato is the surviving entity; likely SMR Auto-Japan ceased to exist).

22-05-2026

Gloster Limited announced that the NCLT, Kolkata Bench, has allowed the first motion application for the scheme of amalgamation of its wholly-owned subsidiaries, Gloster Lifestyle Limited and Gloster Specialities Limited, with itself. The NCLT dispensed with the requirement of convening meetings of equity shareholders of the applicant companies, as 100% of shareholders have given their consent. No shares will be allotted in exchange, and there will be no change in the shareholding pattern of Gloster Limited.

• · The appointed date for the amalgamation is April 1, 2025.
• · The transferor companies have nil secured and nil unsecured creditors as on November 30, 2025.
• · The Board of Directors of the transferor companies approved the scheme on November 10, 2025, and the transferee company on November 12, 2025.
• · The NCLT order directs service of notice to the Regional Director, ROC, Official Liquidator, SEBI, and Income Tax Department within two weeks.
• · The scheme is exempt from related party transaction requirements under Section 188 of the Companies Act, 2013 and SEBI LODR regulations.

22-05-2026

Kolte-Patil Developers Limited (KPDL) has approved a Scheme of Amalgamation to merge its two wholly-owned subsidiaries, Kolte-Patil Lifespaces Private Limited (KPLPL) and Kolte-Patil Smart Spaces Private Limited (KPSPL), into itself. The merger is aimed at achieving efficient resource utilization, cost savings, and a stronger base for future growth, with no cash consideration or new shares issued. The scheme is subject to statutory approvals and consent from members and creditors.

• · The amalgamation involves no cash consideration and no new shares will be issued; all shares held by KPDL in the transferor companies will be cancelled.
• · The scheme is classified as a related party transaction but falls outside the purview of related party transaction provisions under MCA circular and SEBI LODR Regulation 23(5)(b).
• · Both transferor companies reported nil turnover for the quarter and year ended 31 March 2026.
• · The scheme is conditional upon statutory/regulatory approvals, approval of members, and consent from creditors of both transferor and transferee companies.

22-05-2026

Maharashtra Seamless Limited (MSL) has approved a composite scheme of arrangement to demerge its seamless pipe manufacturing and related renewable energy assets into two wholly owned subsidiaries: MSL Seamless Tubes Limited (MSTL) and United Seamless Limited (USL). The demerger will transfer the Mangaon (125,000 MTPA) and captive solar plant (10 MW) to MSTL, and the Narketpally facility (200,000 MTPA), solar plants (20 MW + 5 MW), and rig Jindal Explorer to USL. Shareholders will receive 1 equity share of each resulting company for every 5 shares held in MSL, and the resulting companies will be listed on BSE and NSE. The scheme is subject to NCLT, shareholder, and regulatory approvals, with an appointed date of October 1, 2026.

• · The scheme is subject to approval of NCLT, shareholders, creditors, and Central Government.
• · No cash consideration is involved; only share exchange.
• · The share exchange ratio is 1 equity share of MSTL (₹5 each) for every 5 MSL shares, and 1 equity share of USL (₹5 each) for every 5 MSL shares.
• · The remaining business of MSL (turnover ₹3185 Cr, 68.18% of total) will continue to be held by MSL post-demerger.
• · The demerger is intended to enable focused management, technology-specific operational focus, efficient capital allocation, and improved transparency.
• · No compromise or reduction of creditor liabilities is proposed under the scheme.

22-05-2026

TVS Supply Chain Solutions Limited, through its wholly owned subsidiary FIT 3PL Warehousing Private Limited, has made a primary investment of ₹59,56,43,370 (₹59.56 Crore) in Swamy & Sons 3PL Private Limited, acquiring 80% of its paid-up share capital. The acquisition aims to expand capabilities in FMCG and FMCD sectors. However, the target entity's business undertakings have shown a declining turnover trend over the last three fiscal years, from ₹215.4 Crore in FY23 to ₹207.1 Crore in FY25.

• · The acquisition is structured in two tranches: Tranche 1 (completed) gives FIT 3PL 80% stake; Tranche 2 (secondary acquisition of remaining shares) must be completed on or before 30th September 2027 to reach 100% ownership.
• · The target entity, Swamy & Sons 3PL Private Limited, was incorporated on 28/11/2025 and is a newly formed company that will acquire the business undertakings of Swamy Sons Group.
• · The promoters/promoter group of TVS Supply Chain Solutions have no interest in the transaction; it is not a related party transaction.
• · No governmental or regulatory approvals are required for the acquisition.

22-05-2026

Gujarat Themis Biosyn Limited (GTBL) has entered into a definitive agreement to acquire 100% of MicroBiopharm Japan Co., Ltd. (MBJ) for JPY 21.5 Billion (approximately INR 1,300 Crore) through its wholly owned subsidiary Themis Biosyn Japan Limited. MBJ is a Japan-based pharmaceutical company with estimated FY26 revenue of JPY 9.5 Billion (approximately INR 570 Crore). The acquisition is expected to close in Q2 FY2027, subject to regulatory approvals and customary conditions.

• · MBJ has over six decades of experience in fermentation, microbial-based R&D and manufacturing.
• · MBJ's revenue declined from JPY 9,741 Million (INR 580 Cr) in FY24 to JPY 9,312 Million (INR 560 Cr) in FY25, a drop of approximately 4.4%.
• · The acquisition is not a related party transaction.
• · Funding will be through an optimal mix of debt and equity.
• · The transaction requires approval under Japan's Foreign Exchange and Foreign Trade Act (FEFTA).

22-05-2026

Shah Metacorp Limited announced further investment of up to USD 200,000 in Shah Metacorp Holdings USA INC via equity subscription. Separately, the company completed a 26% investment in Strike Eco Grid Private Limited and may increase it to 75% based on business opportunity, with potential funding support of up to Rs. 25 crore for solar and renewable projects. However, the increase in Strike Eco Grid stake is contingent on undefined business performance and market opportunity, and the USA subsidiary has not yet commenced operations.

• · A typographical error was corrected: Rights Equity Shares total changed from 102,469,136 to 102,468,139 shares.
• · M/s. Mehul Raval & Associates was appointed as Secretarial Auditor for FY2025-26 to fill casual vacancy due to resignation of M/s. K Jatin & Co. The appointment has a term until the next Annual General Meeting.
• · Shah Metacorp Holdings USA INC was registered on March 31, 2026 in Delaware and has not yet started business.
• · Investment in Shah Metacorp Holdings USA INC is proposed in cash consideration at par value of $0.01 per share, in one or more tranches during FY2026-27 and FY2027-28.
• · The initial director of the USA subsidiary includes Viral Mukund Shah, a Promoter and CEO of Shah Metacorp Limited, making the acquisition a related party transaction.
• · No prior RBI approval is required under FEMA Overseas Investment Directions 2022, but other RBI compliances will be done.
• · The Strike Eco Grid investment is subject to market opportunity and business performance, with potential funding support of up to Rs. 25 crore for renewable projects.

22-05-2026

Kamadgiri Fashion Limited filed a disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011 on May 22, 2026, regarding Aasha Devi Goenka. The filing is a regulatory disclosure of a substantial acquisition of shares, but no specific deal structure, valuation, or strategic rationale is provided. The sector is listed as technology, which appears inconsistent with the company's name (fashion).

• · The filing is a disclosure under Regulation 29(2) of SEBI SAST Regulations, indicating a substantial acquisition event involving Aasha Devi Goenka.
• · No details on the number of shares acquired, acquisition price, or resulting shareholding percentage are provided in the summary.
• · The sector is listed as 'technology', which may be a data error as the company name suggests a fashion/apparel business.

22-05-2026

The filing is a disclosure under SEBI (SAST) Regulations, 2011, specifically Regulation 29(2), regarding the acquisition of shares in Arman Holdings Limited by Varigate Advisory Services (P) Ltd and its Persons Acting in Concert (PACs). The filing provides no financial details, deal valuation, or strategic rationale. It is purely a regulatory disclosure of an acquisition event, with no quantitative data on pricing, share count, or financial impact. The information is limited to the identity of the acquirer and the regulatory compliance action.

• · The disclosure is made under Regulation 29(2) of SEBI SAST Regulations, which typically requires disclosure when an acquirer and PACs acquire shares or voting rights exceeding specified thresholds (e.g., 5%, 10%, 14%, etc.) or trigger an open offer obligation.
• · The filing does not specify the exact percentage of shares acquired or the trigger threshold.
• · No information on whether this acquisition triggers a mandatory open offer under Regulation 3 or 4 of SAST Regulations.

22-05-2026

LTM Limited (formerly LTIMindtree) has issued an offer to acquire Randstad's Technology and Consulting Services business in Europe and Australia for an enterprise valuation of up to EUR 160 million (cash-free, debt-free). The target business generated EUR 469 million in annual revenue (CY2025), down from EUR 541 million in CY2024 and EUR 609 million in CY2023, reflecting a 13.3% YoY decline. The acquisition is expected to close by Q3 FY27 and includes a five-year IT services partnership and a strategic talent MSP.

• · The target business has experienced two consecutive years of revenue decline: from EUR 609M (CY2023) to EUR 541M (CY2024) to EUR 469M (CY2025).
• · The acquisition is structured via a Put Option Deed with Randstad entities, and completion is subject to Information-Consultation processes with Works Councils, regulatory approvals, and closing conditions.
• · LTM's wholly owned subsidiary LTIMindtree UK Limited will execute the acquisition.
• · The deal is expected to close by Q3 FY27.
• · An investor/analyst call is scheduled for May 22, 2026 at 12:30 IST.

22-05-2026

Chambal Fertilizers & Chemicals Ltd filed a disclosure under SEBI (SAST) Regulation 29(2) on May 22, 2026, regarding CM Airtime Promotion LLP. The filing is purely a regulatory disclosure; no deal structure, valuation, strategic rationale, or financial details are provided. The filing does not contain any positive or negative performance metrics—only a compliance notification.

22-05-2026

Promoters of Paisalo Digital Limited, including Sunil Purushottam Agarwal, Santanu Agarwal, Pro Fitcch Pvt. Ltd., Pri Caf Pvt. Ltd., and Equilibrated Venture Cflow Pvt. Ltd., created pledges on a total of 7,33,09,002 shares (8.06% of total share capital) on May 18-20, 2026, solely for availing margin trading facility, without any transfer of ownership or control. The pledged shares have a combined asset value of Rs. 6.80 Crore, Rs. 6.30 Crore, and Rs. 1.07 Crore, against amounts of Rs. 4.20 Crore, Rs. 3.78 Crore, and Rs. 0.64 Crore respectively, resulting in cover ratios of 1.62, 1.67, and 1.67. However, the encumbered shares as a percentage of promoter shareholding is only 2.76%, indicating a relatively low level of pledge relative to total promoter holdings.

• · The pledge was created on May 18, 19, and 20, 2026, with reporting date May 20, 2026.
• · Encumbered shares as a percentage of promoter shareholding is only 2.76%, indicating a low pledge level relative to total promoter holdings.
• · The encumbered shares are not 50% or more of promoter shareholding, nor 20% or more of total share capital.
• · The pledges are for margin trading facility and do not involve transfer of ownership or control.
• · Other promoters like Suneeti Agarwal, Sulabhya Paramita Private Trust, and Suneeti Dolaa Private Trust reported zero encumbrance.

22-05-2026

Anand Rathi Financial Services Limited (ARFSL), a promoter of Anand Rathi Wealth Limited, reported a release of pledge on 38,63,000 shares (4.65% of total share capital) and a creation of pledge on 33,03,000 shares (3.98% of total share capital) on May 20, 2026. The release was in favor of Suresh Rathi Securities Private Limited and the creation in favor of Yes Bank Limited, both due to shifting of collateral with another broker. Post-event, ARFSL holds 1,65,34,758 shares (19.92%) with 38,63,000 shares (4.65%) encumbered.

• · The release of pledge was on 38,63,000 shares (4.65% of total share capital) and creation of pledge on 33,03,000 shares (3.98% of total share capital).
• · Both events occurred on May 20, 2026, due to shifting of collateral with another broker.
• · Post-event, ARFSL holds 1,65,34,758 shares (19.92%) with 38,63,000 shares (4.65%) encumbered.
• · Other promoters/PACs have encumbered shares: Asha Kailash Biyani (4,500 shares, 0.01%), Anand Rathi IT Private Limited (97,000 shares, 0.11%), Aqua Proof Wall Plast Private Limited (1,24,500 shares, 0.15%).

22-05-2026

Simandhar Impex Ltd (BSE: 544662) has received a disclosure under SEBI (SAST) Regulations, 2011 from Farmico International Pvt Ltd, indicating a potential substantial acquisition of shares. However, the filing does not disclose the deal structure, valuation, strategic rationale, or any financial metrics, making it purely informational at this stage.

• · Filing is a disclosure under Regulation 29(1) of SEBI SAST Regulations, 2011
• · Acquirer is Farmico International Pvt Ltd
• · Target company is Simandhar Impex Ltd (BSE: 544662)
• · No deal value, share count, or financial metrics disclosed

22-05-2026

Euro Pratik Sales Limited received a disclosure under SEBI Takeover Regulations showing that the promoter group (acquirers and persons acting in concert) increased their aggregate shareholding from 70.49% to 71.75% through open market purchases of 1,289,041 shares (1.26% of total voting capital) on May 19-20, 2026. The acquisition was led by Jai Gunwantraj Singhvi HUF (+94,000 shares), Pratik Gunvantraj Singhvi (+647,015 shares), and Jai Gunvantraj Singhvi (+548,026 shares), while Pratik Gunwantraj Singhvi HUF and all other PACs made no additional purchases.

• · The acquisition was executed via open market purchases on May 19 and May 20, 2026.
• · The company's equity share capital remained unchanged at ₹10,22,00,000 divided into 10,22,00,000 equity shares of Re. 1 each.
• · No shares were encumbered (pledged/lien) before or after the acquisition.
• · Several PACs (including Advita Pratik Singhvi, Aadhya Pratik Singhvi, Uttam Bhurmal Jain, and others) held zero shares both before and after the acquisition.
• · The largest individual acquirer was Pratik Gunvantraj Singhvi, who added 647,015 shares (0.63% of total voting capital).

22-05-2026

Mokshith Reddy, a promoter group entity of Kavveri Defence & Wireless Technologies Limited, acquired 2,250,000 equity shares (3.74% of voting capital) via preferential allotment on May 22, 2026. Post-acquisition, his total holding increased from 9,470,000 shares (15.75%) to 14,765,931 shares (24.56%), representing a 55.9% increase in share count. The acquisition was disclosed under SEBI SAST Regulation 29(1).

• · Acquisition was made via preferential allotment of equity shares.
• · Disclosure filed under Regulation 29(1) of SEBI (SAST) Regulations, 2011.
• · Scrip code on BSE: 590041; NSE symbol: KAVDEFENCE.
• · The filing includes PAN details: DEHPC4041D (acquirer) and AEMPC4963Q (PAC).

22-05-2026

Swarna Malhotra, a promoter group member, acquired 457 equity shares of Sunshield Chemicals Ltd. on May 20-21, 2026 via open market purchases. Post-acquisition, the promoter group (including PACs) holds 58,52,190 shares, representing 66.54% of the total equity share capital, unchanged from the pre-acquisition percentage. The acquisition is de minimis in size and does not alter the promoter group's overall stake.

• · The acquisition was made via open market purchases on May 20 and May 21, 2026.
• · Pre-acquisition promoter group holding was 58,51,733 shares (66.54%).
• · Post-acquisition promoter group holding is 58,52,190 shares (66.54%).
• · No shares were held as encumbrance before or after the acquisition.
• · No voting rights otherwise than by equity shares or convertible instruments were held or acquired.
• · The equity share capital of the company remained unchanged at ₹8,79,48,360.

22-05-2026

Jindal Stainless Ltd disclosed receipt of a disclosure under SEBI SAST Regulation 29(2) from Rohit Tower Building Ltd. No financial details, deal structure, or strategic rationale are provided in the filing. The disclosure is procedural and lacks material information for investment analysis.

22-05-2026

Black Box Limited informed the exchanges about the incorporation of a new step-down subsidiary, Black Box Technologies Company, in Saudi Arabia with a paid-up capital of 1000 SAR. Additionally, Black Box DMCC, an associate company, ceased to be an associate effective December 31, 2025, following a divestment for USD 40,00,000 payable in tranches. AGC Networks L.L.C., a step-down subsidiary, also ceased to be a subsidiary after license cancellation was approved on March 17, 2026.

• · New subsidiary Black Box Technologies Company was incorporated on February 17, 2026 with 100% shareholding by Black Box Products FZE.
• · Divestment of Black Box DMCC is subject to regulatory approvals, with the agreement entered on December 30, 2025.
• · Consideration for Black Box DMCC sale is USD 40,00,000 payable in tranches.
• · Trade license cancellation for AGC Networks L.L.C. was approved on March 17, 2026; no consideration received.
• · Associate Black Box DMCC reported a profit of ₹0.73 Cr (0.356% of listed entity's networth) for FY2025, but a loss of ₹0.04 Cr for the subsequent 9-month period.

22-05-2026

Aurobindo Pharma Limited announced that its wholly owned step-down subsidiary, Agile Pharma BV (Netherlands), has incorporated a new wholly owned subsidiary in France named Arrow Pharma Production SAS on May 21, 2026. The new entity, with an authorized capital of €100,000 (100,000 shares of €1 each), will focus on expanding the manufacturing of generic formulations in France. No governmental or regulatory approvals were required for this incorporation.

• · The incorporation date of Arrow Pharma Production SAS is May 21, 2026.
• · The new subsidiary is wholly owned by Agile Pharma BV, which is a wholly owned step-down subsidiary of Aurobindo Pharma.
• · The consideration for incorporation is 100% cash subscription to share capital.
• · No governmental or regulatory approvals were required for the incorporation.

22-05-2026

The filing is a regulatory disclosure under SEBI (SAST) Regulations, 2011, where Speciality Restaurants Limited reported a disclosure from FCA Rajesh Seth. The filing does not contain any deal structure, strategic rationale, valuation, or financial metrics. It only confirms a disclosure event with no quantitative data on transaction value, share count, or shareholding changes. No merger, acquisition, demerger, or amalgamation details are provided. The sector classification points to technology, but the company operates in the restaurant/hospitality sector. The analysis is severely data-limited.

• · The filing is a cover disclosure by the exchange (BSE) that a disclosure under Reg 29(2) of SAST has been received from FCA Rajesh Seth.
• · No details of the disclosure content, share count, price, or transaction date are provided in the BSE filing.
• · Sector is tagged as 'technology' but Speciality Restaurants Limited is primarily a restaurant/hospitality company. This could be a classification error or the disclosing party's categorization.
• · Regulation 29(2) SAST typically relates to disclosures of acquisitions or disposals of shares beyond certain thresholds (5%, 10%, 14%, etc.) or under escape clause. Without the actual disclosure, no assessment is possible.