India Technology Sector Merger & Acquisition Filings — May 23, 2026

23-05-2026

Omega Interactive Technologies Ltd. has received a disclosure under Regulation 29(1) of SEBI (SAST) Regulations, 2011 from Doxtrec Trade Pvt Ltd. The filing indicates a potential substantial acquisition of shares, but no specific deal structure, valuation, or strategic rationale is disclosed. The event is purely informational at this stage, with no financial or operational details provided.

• · The disclosure is made under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
• · The acquirer is Doxtrec Trade Pvt Ltd, but no further details about the entity are provided.
• · No information on the number of shares acquired, percentage of stake, or transaction value is disclosed in the filing.

23-05-2026

Hindustan Foods Ltd has filed a disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011, regarding a substantial acquisition of shares by Sameer Kothari & Others. The filing is a regulatory disclosure and does not provide any financial details, deal structure, or strategic rationale. No quantitative data, valuation metrics, or timeline for the acquisition are disclosed, limiting the ability to assess materiality or impact.

• · Filing is under Regulation 29(2) of SEBI SAST Regulations, which typically requires disclosure when an acquirer crosses certain thresholds (e.g., 5%, 10%, 14%, 54%, 74%) or makes a public announcement for an open offer.
• · The acquirer is 'Sameer Kothari & Others', indicating a group or PAC (persons acting in concert).
• · No details on the number of shares acquired, percentage of stake, or consideration are provided in the summary.
• · The company is classified under the technology sector, but the filing does not confirm this or provide sector-specific context.

23-05-2026

Anupam Rasayan India Ltd. announced the board's approval to acquire up to 74.20% equity and control of Bliss GVS Pharma Ltd. for a total cash consideration of up to ₹2,198.54 Cr, comprising a share purchase agreement (43.30% at ₹299/share) and an open offer (26% at ₹299/share). The acquisition aims to strengthen Anupam Rasayan's presence across the pharmaceutical value chain from KSMs to finished dosage forms, leveraging Bliss GVS's established capabilities in niche dosage forms and a global footprint in over 60 countries. However, the transaction is subject to customary conditions and expected to close within 6 months, with no regulatory approvals currently required.

• · Bliss GVS Pharma was incorporated on December 11, 1984.
• · The SPA does not involve any related party transactions; the promoter/promoter group/group companies of Anupam Rasayan have no interest in Bliss GVS Pharma.
• · No governmental or regulatory approvals are required for the SPA.
• · The open offer will be completed in accordance with SEBI Takeover Regulations.
• · Anupam Rasayan's board also authorized acquisition of 15% to 100% of equity in intermediate entities to facilitate the transaction.
• · The board meeting started at 12:45 PM IST and concluded at 4:55 PM IST on May 23, 2026.

23-05-2026

Windsor Machines Limited has completed the acquisition of a non-agriculture land parcel in Chibhda, Rajkot, Gujarat, for a consideration of ₹55.00 Crore. The land, measuring approximately 77,198 square meters, was previously held on a long-term lease and the transaction was approved by the Board on November 8, 2025, with registration finalized on May 22, 2026. The acquisition is not a related party transaction and the seller is M/s. Swastik Realty.

• · The land is located at Revenue Survey Nos. 1147, 1148, 1149 and 1177, Village Chibhda, Taluka Lodhika, District Rajkot, Gujarat.
• · The acquisition was approved by the Board of Directors on November 8, 2025, and the registration of the Deed of Conveyance was completed on May 22, 2026.
• · The seller, M/s. Swastik Realty, is not related to the promoter/promoter group/group companies.
• · The transaction does not fall within related party transactions and is done at arm's length.

23-05-2026

Trilochan Singh Sahney Trust 1 unpledged 15,51,161 equity shares (1.6% of total share capital) of NRB Bearings Ltd on May 22, 2026, due to prepayment of loan to Aditya Birla Capital Ltd. Post-unpledge, promoter holding remains 49.29%, but encumbered shares are still high at 67.25% of promoter holding. The security value is ₹1187.15 Cr against an amount involved of ₹263 Cr, providing a cover of 4.5:1.

• · The unpledge was in favor of Aditya Birla Capital Limited.
• · Other promoters (Harshbeena Sahney Zaveri, etc.) had no changes in encumbrance.
• · Post-event, encumbered shares as % of promoter holding is 67.25%.
• · Security value cover ratio is 4.5:1.

23-05-2026

The filing is a disclosure under SEBI (SAST) Regulation 29(1) for a substantial acquisition of shares in Kavveri Defence & Wireless Technologies Limited by Upendrakumar Narottamdas Shah HUF and its Persons Acting in Concert (PACs). The filing does not disclose the deal size, valuation, or specific financial terms. No financial metrics, promoter changes, or scheduled events are mentioned. The disclosure is purely procedural under SEBI SAST regulations, providing no quantitative data for investment analysis.

23-05-2026

Jaiprakash Associates Limited, the promoter of Jaiprakash Power Ventures Limited, has disclosed the disposal of 1,64,48,30,118 equity shares of Jaiprakash Power Ventures Limited under Regulation 29(2) of the SEBI Takeover Regulations. The filing does not provide the consideration amount, the buyer, or the resulting shareholding percentage, making it a significant but incomplete disclosure for investors.

• · The disposal involves 1,64,48,30,118 equity shares, which is a substantial block of shares.
• · The filing does not disclose the sale price, buyer identity, or the resulting promoter shareholding percentage.
• · The disclosure is made under Regulation 29(2) of SEBI Takeover Regulations, which typically requires disclosure of any acquisition or disposal of shares exceeding specified thresholds.

23-05-2026

Promoter Kavitha Reddy Gangapatnam sold 22,741 equity shares of MTAR Technologies Limited on May 21, 2026, reducing her shareholding from 0.79% to 0.72% of the total voting capital. The sale was executed on the open market and disclosed under SEBI Takeover Regulations.

• · The sale was made on May 21, 2026, and disclosed on May 22, 2026.
• · The promoter's holding decreased from 0.79% to 0.72% of total voting capital.
• · The total voting capital of the company is 3,07,59,591 equity shares of ₹10 each.
• · The sale was executed on the open market.
• · Other persons acting in concert (PACs) with the seller include Venkata Suprathik Reddy Gangapatnam, Usha Reddy Chigarapalli, D Anitha Reddy, and P Jayaprakash Reddy.

23-05-2026

Umiya Tubes Limited filed a disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011, regarding Bhikhaji Kacharaji Chavda. The filing is a procedural regulatory disclosure and does not contain any financial details, deal structure, valuation, or strategic rationale. No quantitative data, named entities beyond the acquirer, or scheduled events are provided. The analysis is limited due to the lack of substantive information.

23-05-2026

Promoters Santanu Agarwal and Sunil Purushottanm Agarwal each pledged 20,00,000 equity shares (face value Re. 1 each) of Paisalo Digital Limited on May 21, 2026, in favor of Motilal Oswal Financial Services Limited solely for availing margin trading facility, with no transfer of ownership or control. Post-pledge, Santanu Agarwal's total encumbered shares stand at 50,21,000 (0.55% of total share capital), and Sunil Purushottanm Agarwal's at 50,00,000 (0.55%). The pledges are part of a series of recent encumbrances, with total security cover values ranging from Rs. 1.08 Crore to Rs. 10.06 Crore, and the pledged shares represent a small fraction of total promoter holdings.

• · The pledges were created on May 21, 2026, and reported on May 22, 2026.
• · Santanu Agarwal's total promoter shareholding is 3,87,15,000 shares (4.26% of total share capital).
• · Sunil Purushottanm Agarwal's total promoter shareholding is 11,06,92,800 shares (12.17% of total share capital).
• · Other promoter group entities (Pro Fitcch Pvt. Ltd., Pri Caf Pvt. Ltd., Equilibrated Venture Cflow Pvt. Ltd.) have existing encumbered shares but no new pledges in this filing.
• · The ratio of security cover to amount involved for all four encumbrances ranges from 1.58 to 1.67.
• · The pledged shares are not related to any debt instrument issuance by the company.

23-05-2026

The filing is a disclosure under SEBI (SAST) Regulations, 2011, indicating that PPFAS Mutual Fund has crossed a substantial acquisition threshold in Indraprastha Gas Limited (IGL). However, the filing does not provide any details on the deal structure, valuation, strategic rationale, or financial impact. No specific numbers, dates, or transaction terms are disclosed, making it impossible to assess the materiality or direction of the event.

23-05-2026

Umesh Vasantlal Modi, a former promoter of Jupiter Infomedia Limited, disclosed the sale of 1,00,000 equity shares (1.00% of total voting capital) via open market on May 22, 2026, reducing his holding from 6.77% to 5.77%. This disposal is part of a broader transfer of majority control to new acquirers following an open offer, and Mr. Modi is no longer a promoter, director, or in management of the company.

• · The sale was executed on May 22, 2026, via open market transaction.
• · The company's total equity capital remains unchanged at ₹10,02,00,000 divided into 1,00,20,000 equity shares of ₹10 each.
• · Mr. Modi is now neither a promoter, director, nor in control or management of the company.
• · The disclosure is made under SEBI (SAST) Regulation 29(2) and SEBI (PIT) Regulation 7(3).

23-05-2026

NIIT Limited has received NCLT approval for the amalgamation of NIIT Institute of Finance Banking & Insurance Training Limited and RPS Consulting Private Limited into itself, with an appointed date of April 1, 2026. The scheme is subject to receipt of a certified copy of the order and filing with the Registrar of Companies. The amalgamation consolidates the three entities under NIIT Limited, with all assets, liabilities, contracts, and employees of the amalgamating companies transferring to NIIT.

• · The appointed date for the scheme is April 1, 2026.
• · The NCLT order was pronounced on May 22, 2026.
• · Meetings of equity shareholders, secured creditors, and unsecured creditors were dispensed with by the NCLT in the first motion order dated December 18, 2025.
• · The scheme is exempted from notification to the Competition Commission of India under Item 9 of Schedule I of the CCI Regulations.
• · The amalgamating companies have pending disputed statutory dues: NIIT Institute of Finance Banking & Insurance Training Limited has ₹32,352 thousand disputed Service Tax (2008-2010); NIIT Limited has ₹2.18 million disputed GST (FY 2018-2020), ₹9.41 million disputed Income Tax (AY 1999-00 to 2005-06), and ₹11.37 million disputed Income Tax (AY 2011-12, since settled via CIT(A) order).
• · The Income Tax Department has no objection to the scheme but retains the right to examine tax avoidance and pursue tax liabilities.
• · The order clarifies that it does not grant exemption from stamp duty, taxes, or other charges.

23-05-2026

Kamdhenu Limited has canceled its proposed purchase of an immovable property in Alwar, Rajasthan, due to observations/issues noted during the due diligence process. The transaction, originally approved by the Board on February 13, 2026, may be reconsidered later if the due diligence report is cleared. No financial figures were disclosed for the canceled transaction.

• · The original proposal was approved by the Board on February 13, 2026 (letter No. KL/SEC/2025-26/78).
• · The property is located at Vill. Hajipur, Tehsil Kotkasim, District Alwar, Rajasthan.
• · The due diligence process included title verification, compliance checks, usage, property inspections, and assurance regarding encumbrance and approvals from BIDA and other authorities.
• · The transaction may be reviewed by the Board later subject to clearance of the due diligence report.

23-05-2026

Vimal Prakash HUF disclosed an off-market acquisition of 3,62,500 shares (1.78% of total share/voting capital) in Nilachal Refractories Ltd. on April 22, 2026, under SEBI Takeover Regulations. The acquirer is part of the promoter/promoter group, and the holding remained unchanged at 1.78% both before and after the transaction, with no encumbrances or convertible instruments involved.

• · Acquisition was executed off-market on April 22, 2026.
• · No shares were encumbered (pledge/lien) before or after the transaction.
• · No voting rights other than by shares, warrants, or convertible securities were involved.
• · The acquirer is categorized as belonging to the promoter/promoter group.
• · Total diluted share/voting capital of the target company after acquisition is reported as 0 (likely not disclosed or not applicable).

23-05-2026

The filing is a disclosure under SEBI (SAST) Regulation 29(2) for Sanjay Namdeo Salunkhe regarding Jaro Institute of Technology Management and Research Limited. No financial details, deal structure, valuation, or strategic rationale are provided in the disclosure. The filing is purely regulatory and does not contain any quantitative data or performance metrics.

23-05-2026

The filing is a disclosure under SEBI (SAST) Regulation 29(2) for Limrose Engineering Work Pvt Ltd acquiring shares of Atlas Cycles (Haryana) Limited. No financial details, deal size, valuation, or strategic rationale are disclosed in the filing. The event is purely a regulatory disclosure with no quantitative data or forward-looking statements provided.

23-05-2026

Naturo Agrotech India Limited (formerly Naturo Indiabull Limited) has filed a declaration with the BSE confirming that promoters and persons acting in concert did not create or invoke any encumbrance on their equity shares during the financial year ended March 31, 2026. The declaration was signed by promoter and director Jyoti Choudhary on behalf of the promoter group. The filing is a routine regulatory disclosure under SEBI Takeover Regulations with no financial implications or material business changes reported.

• · Scrip Code: 543579
• · Company CIN: L72900RJ2016PLC055890
• · Registered office: House No. M-43 and 44, Raghu Vihar, M Block, Shipra Path, Mansarovar, Jaipur, Rajasthan - 302020
• · Declaration covers the financial year ended March 31, 2026
• · Disclosure made under Regulation 31(4) of SEBI (SAST) Regulations, 2011
• · Annexure A lists two promoters: Jyoti Choudhary (PAN BEFPC4533L) and Gaurav Jain (PAN AJPPJ8602D)

23-05-2026

Yogesh Jiwanlal Lakhani, along with PACs, acquired 38,250 equity shares (0.18% of voting capital) of Bright Outdoor Media Ltd in the open market on May 22, 2026. Post-acquisition, the promoter group's total holding increased from 69.76% to 69.94% of the voting capital. The acquisition is a small open-market purchase, resulting in a marginal increase in promoter stake.

• · The acquisition was made in the open market on May 22, 2026.
• · The total equity share capital of the company is 2,18,23,166 equity shares of face value ₹10 each.
• · The acquirer is a promoter, and the transaction is a small increase in promoter holding.
• · No change in total diluted voting capital; it remains Not Applicable.

23-05-2026

Salasar Techno Engineering Limited (STEL) has received approval from the NCLT Kolkata Bench on May 22, 2026, for the Scheme of Amalgamation of EMC Limited with STEL. The Appointed Date of the scheme is October 23, 2024. The NCLT Allahabad Bench had previously approved the scheme, and EMC Limited will stand dissolved upon filing of the order with the Registrar of Companies.

• · NCLT Kolkata Bench order dated May 22, 2026 (pronounced on that date).
• · Appointed Date of the Scheme is October 23, 2024.
• · EMC Limited is the Transferor Company; STEL is the Transferee Company.
• · STEL is in the process of obtaining the certified copy of the NCLT Order for filing with the Registrar of Companies.
• · The scheme was already approved by NCLT Allahabad Bench on the petition filed by STEL.
• · Upon filing of the certified copy, EMC Limited shall stand dissolved without winding up.