India Technology Sector Merger & Acquisition Filings — May 30, 2026

30-05-2026

Diwakar Finvest Private Limited, a promoter of Emami Limited, disclosed fresh pledges of 12,00,000 shares (0.27% of total share capital) to Bajaj Finance Limited on May 25, 2026 and 1,50,000 shares (0.03%) to HSBC InvestDirect Financial Services (India) Ltd on May 27, 2026. Additionally, fellow promoter Suraj Finvest Pvt Ltd pledged 10,00,000 shares (0.23%) to Bajaj Finance Limited on May 27, 2026. Post these events, Diwakar Finvest's total encumbered shares rose from 5.84% to 6.15%, and Suraj Finvest's from 2.76% to 2.98%.

• · The filing is under Regulation 31(1) of SEBI (SAST) Regulations, 2011 — not a merger or acquisition.
• · The pledge reason stated is 'Pledge of Shares as per agreement with lender' for all three transactions.
• · No promoter shares were released or invoked in this disclosure.
• · A comprehensive list of 47+ promoter group entities/holders showed no additional encumbrance changes.
• · Diwakar Finvest's total promoter holding is 22.63%, Suraj Finvest's is 24.20% of total share capital.

30-05-2026

Anand Rathi Financial Services Limited (ARFSL), a promoter of Anand Rathi Wealth Limited (ARWL), released a pledge on 4,85,000 equity shares (0.58% of total share capital) of ARWL on May 27, 2026. The release was due to shifting of collateral with Bajaj Financial Securities Limited. Post-release, ARFSL's encumbered shares reduced from 38,63,000 (4.65%) to 33,78,000 (4.07%), while its total promoter holding remained unchanged at 1,65,34,758 shares (19.92%).

• · The pledge release was executed on May 27, 2026, and reported on May 29, 2026.
• · Reason for release: Shifting of collateral with another broker (Bajaj Financial Securities Limited).
• · Other promoter entities (e.g., Pradeep Kumar Gupta, Priti Pradeep Gupta, etc.) had no changes in their encumbrance status as of the reporting date.
• · As on March 31, 2026, certain other promoter group entities (e.g., Aqua Proof Wall Plast Pvt Ltd, Anand Rathi IT Pvt Ltd, Asha Kailash Biyani) had pre-existing encumbrances not related to this event.

30-05-2026

The filing is a disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011, regarding Authum Investment & Infrastructure Ltd's acquisition of shares in Prataap Snacks Ltd. No financial or strategic details are provided in this filing; only the regulatory disclosure event is recorded.

• · ONLY facts NOT already in the summary
• · The filing was made on May 30, 2026, via BSE, under the SEBI SAST framework.
• · The sector classification in the prompt was 'technology', but the target company, Prataap Snacks, operates in the FMCG/snack foods sector.

30-05-2026

Paisalo Digital Limited filed a disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011 on May 30, 2026, regarding an acquisition by Pro Fitcch Pvt Ltd. The filing is a regulatory disclosure of a substantial acquisition of shares, but no specific financial details, deal size, valuation, or strategic rationale are provided in the summary. The event is classified as an acquisition under SEBI SAST, but critical information such as transaction value, share count, and financial metrics is not disclosed.

30-05-2026

Cyient Limited has entered into a definitive agreement to acquire 100% of Tao Digital Solutions Inc., a global digital engineering firm focused on data, product, and AI-led services, for an enterprise value of US$ 218 million (approximately 9.5x CY27E EBITDA, excluding management incentives and retention schemes). The acquisition is expected to close on or before September 30, 2026, and will be funded through cash consideration, including upfront payment and performance-linked earnout. Tao Digital has demonstrated strong revenue growth from ~US$ 19.7 million in CY2023 to ~US$ 79.1 million in CY2025, but the high valuation multiple and reliance on future earnings projections introduce execution risk.

• · The acquisition includes the acquisition of group entities listed in Annexure A across Canada, India, Taiwan, Greece, Germany, Czech Republic, Australia, and New Zealand.
• · The transaction is subject to customary regulatory approvals and statutory compliances.
• · Tao Digital serves marquee clients across Automotive, Hi-Tech, and HealthTech sectors.
• · The acquisition is not a related party transaction and is done at arm's length.
• · Tao Digital has a distributed global delivery footprint with approximately 3,500 employees.

30-05-2026

Earkart Limited's Board approved incorporation of two wholly-owned subsidiaries: Earkart Pharmaceuticals Private Limited and Earkart Healthcare Services Private Limited, each with proposed paid-up capital of ₹1,00,000. The subsidiaries will operate in pharmaceuticals and healthcare sectors respectively, expanding the company's business lines.

• · Each subsidiary has proposed authorized share capital of ₹1,00,000 and paid-up capital of ₹1,00,000.
• · The subsidiaries will be wholly-owned by Earkart Limited and will be related parties upon incorporation.
• · Earkart Pharmaceuticals will manufacture, promote, sell and distribute pharmaceuticals and related products.
• · Earkart Healthcare Services will provide services in the healthcare sector.
• · Consideration for each subsidiary is 100% cash subscription at face value of ₹10 per share.
• · No governmental or regulatory approvals are required for the acquisitions.
• · The subsidiaries are yet to be incorporated, so no turnover or background history is available.

30-05-2026

Mahindra & Mahindra Limited and Manulife Holdings (Bermuda) Limited have incorporated their 50:50 life insurance joint venture, Mahindra Manulife Insurance Limited (MMIL), following approval from the Ministry of Corporate Affairs on May 29, 2026. The JV has an authorized and paid-up capital of Rs. 1 crore, with each partner subscribing to 5,00,000 equity shares of Rs. 10 each, aggregating to Rs. 50 Lakh. MMIL aims to address India's protection gap with a focus on rural, semi-urban, and urban markets, leveraging Mahindra's distribution reach and Manulife's product innovation and underwriting expertise.

• · The joint venture was initially announced on November 12, 2025, and further intimated on April 24, 2026.
• · Certificate of Incorporation was received from the Ministry of Corporate Affairs on May 29, 2026 at 5:10 p.m.
• · No objection certificate from IRDAI for incorporation has already been received.
• · MMIL will be an AI-native and digitally led life insurer with a focus on policyholder protection and holistic financial solutions.
• · Mahindra Group has 324,000 employees in over 100 countries and is the world's largest tractor company by volume.
• · Manulife had over 37,000 employees, over 109,000 agents, and served over 36 million customers globally as of end of 2024.

30-05-2026

Archean Chemical Industries Limited (ACI) announced an investment of up to ₹170,00,00,000 (₹170 Crore) in its wholly owned subsidiary, Acume Chemicals Private Limited, through subscription to a rights issue. The investment aims to strengthen Acume Chemicals' capital base, support future business expansion, improve capacity utilisation and product mix, and reduce external borrowings. While ACI's subsidiary has shown strong revenue growth from ₹51.44 Lakh in FY23 to ₹8,111.53 Lakh in FY25, the investment is a related party transaction and will be completed in tranches within one month.

• · Acume Chemicals was incorporated on November 18, 2021 and is a wholly owned subsidiary of Archean Chemical Industries.
• · The investment will be made in one or more tranches within one month from the date of the rights offer.
• · The transaction is a related party transaction but is being undertaken on a rights basis in proportion to ACI's existing shareholding.
• · No separate governmental or regulatory approval is required for the investment.
• · Acume Chemicals' revenue grew from ₹51.44 Lakh in FY23 to ₹2,717.86 Lakh in FY24 and further to ₹8,111.53 Lakh in FY25, showing rapid growth.

30-05-2026

Mrs. Pooja Raja, a non-promoter person acting in concert (PAC), acquired 90,000 equity shares (0.13% of voting capital) of Sumeru Industries Ltd. in an off-market purchase on May 29, 2026. This increased her total holding from 1.43% to 1.56% of the company's voting capital. The acquisition is being disclosed under SEBI takeover regulations.

• · The acquisition was made off-market on May 29, 2026.
• · Mrs. Pooja Raja is not part of the promoter/promoter group.
• · The company's total equity capital is 7,20,00,000 equity shares of ₹1 each.
• · No shares were encumbered before or after the acquisition.
• · No voting rights other than by shares or convertible instruments were involved.

30-05-2026

D L MILLAR & CO LTD, a promoter group entity, acquired 2,01,275 equity shares (0.19% of the total shareholding) of Premier Polyfilm Limited in the open market on May 29, 2026. This increased the acquirer's stake from 14.25% to 14.44% of the target's total share/voting capital. The disclosure was made under SEBI Takeover Regulations (Regulation 29(2)).

• · The acquisition was made in the open market on May 29, 2026.
• · No shares were encumbered before or after the acquisition.
• · Total diluted share capital equals total voting capital (no convertible securities outstanding).
• · The acquirer is part of the promoter/promoter group of Premier Polyfilm Limited.
• · Face value of each equity share is ₹1.
• · The filing was made as a disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011.

30-05-2026

RDB Real Estate Constructions Limited reported audited standalone financial results for Q4 and FY ended March 31, 2026. Revenue from operations for Q4 FY26 was ₹1,230.35 lakhs, up from ₹211.84 lakhs in Q4 FY25, while net profit for the quarter was ₹151.17 lakhs compared to a loss of ₹338.80 lakhs in the same quarter last year. For the full year, revenue from operations increased marginally to ₹1,852.08 lakhs from ₹1,836.85 lakhs, and net profit rose to ₹484.98 lakhs from ₹161.27 lakhs. However, the company's finance costs increased significantly to ₹1,023.26 lakhs for FY26 from ₹917.12 lakhs in FY25.

• · The Board approved re-appointment of M/s Garg Narender & Co. as Internal Auditor for FY 2026-27.
• · Incorporation of a new subsidiary company named Avanir Wellness Resorts Private Limited.
• · Execution of Share Purchase Agreement for sale of 9,499 equity shares of RDB Raipur Hotels Private Limited to Gupta Infrastructure (India) Private Limited at ₹6 per share, total consideration ₹56,994, resulting in cessation of RDB Raipur Hotels as a subsidiary but remaining a step-down subsidiary.
• · Paid-up equity share capital increased from ₹1,728.34 lakhs to ₹2,630.84 lakhs, indicating a capital infusion or bonus issue.
• · The company operates in a single segment: Real Estate.
• · New Labour Codes effective 21 November 2025 were assessed as not material.

30-05-2026

Indo-National Limited has invested ₹99,87,744 (₹99.88 Lakh) to acquire an additional 1.68% equity stake in Medcuore Medical Solutions Private Ltd (MMSPL), increasing its total shareholding to 59.16%. The acquisition is a cash transaction at ₹16,536 per share for 604 shares, and is not a related-party transaction. MMSPL, which manufactures air monitoring systems and purifiers, reported a sharp increase in turnover to ₹1,45,60,000 in FY26 from ₹35,41,484 in FY25, though its FY24 turnover was ₹47,68,000, indicating volatile revenue performance.

• · MMSPL was incorporated on June 7, 2020.
• · The acquisition is expected to be completed by FY 2027-28.
• · The investment is a cash consideration, based on a valuation report by a registered valuer.
• · No governmental or regulatory approvals are required for the acquisition.
• · MMSPL's turnover declined 25.7% from FY24 (₹47,68,000) to FY25 (₹35,41,484) before surging in FY26.

30-05-2026

Calves N Leaves Initiatives Private Limited acquired 17,715 shares of Damodar Industries Limited on May 30, 2026, representing 0.364% of the total diluted voting capital. Post-acquisition, the acquirer's holding decreased to 16,104 shares, indicating a net reduction in holdings despite the transaction.

• · The acquirer, Calves N Leaves Initiatives Private Limited, is not part of the promoter/promoter group.
• · The acquisition was made via an off-market transfer.
• · Post-acquisition, the acquirer's total holding decreased from 17,715 shares to 16,104 shares, implying a net reduction of 1,611 shares.
• · The total equity share capital of Damodar Industries Limited remained unchanged at 1,65,00,000 shares (100%) before and after the transaction.

30-05-2026

Naresh Kumar Agarwal, a promoter of Lehar Footwears Limited, acquired 20,19,170 equity shares (11.42% of total capital) via transmission (inheritance) from the late Mr. Ramesh Chand Agarwal on May 29, 2026. This increased his total holding from 15,18,566 shares (8.59%) to 35,37,736 shares (20.01%), crossing the 20% threshold and triggering disclosure under SEBI Takeover Regulations.

• · The transmission occurred on May 29, 2026, and the disclosure was filed on May 30, 2026.
• · The company's total equity share capital is ₹17,67,87,990 divided into 1,76,78,799 equity shares of ₹10 each.
• · No shares were encumbered (pledged) before or after the acquisition.
• · The acquirer is a promoter of the target company.

30-05-2026

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

• · Filing date: May 30, 2026
• · Regulation: SEBI SAST 29(2) - disclosure by acquirer
• · Acquirer: Sanjay Namdeo Salunkhe
• · Company: Jaro Institute of Technology Management and Research Ltd (BSE: 544534)

30-05-2026

Kotak Mahindra Bank's board approved the acquisition of a loan portfolio and non-treasury investments from its wholly-owned subsidiary Kotak Mahindra Investments Limited (KMIL) by way of assignment, aggregating to an outstanding amount of ₹10,639 crore as of March 31, 2026. The transaction is part of group simplification and operational synergies, expected to be completed in Q2 FY2026-27 on arm's length terms. No regulatory approvals are required, and the promoter/promoter group has no interest in the transaction.

• · The acquisition will be carried out in one or more tranches.
• · The final amount will be determined based on outstanding balances as on the date of acquisition.
• · The board meeting commenced at 10:45 AM and concluded at 4:30 PM on May 30, 2026.
• · The transaction is a related party transaction with a wholly-owned subsidiary, conducted on an arm's length basis.
• · No regulatory or statutory approvals are required for completion.

30-05-2026

B&B Triplewall Containers Limited has approved the acquisition of a 1.30% equity stake in KRV Renewable Energies Private Limited for a cash consideration of ₹32,500 (Rupees Thirty-Two Thousand Five Hundred only). The acquisition is tied to a Power Purchase Agreement aimed at securing stable, cost-competitive solar power for the company's operations, with an expected completion timeline of 60 days. The target company, incorporated in June 2025, has reported zero turnover for the past three years.

• · The target company, KRV Renewable Energies Private Limited, was incorporated on June 2, 2025, and has zero turnover for the last three financial years (FY2023-24, FY2024-25, FY2025-26).
• · The acquisition is not classified as a related party transaction.
• · The acquisition is required to comply with Karnataka Power Transmission Corporation Limited (KPTCL) rules regarding capital contribution in the electricity generating company.
• · The Board meeting was held on May 30, 2026, from 02:30 P.M. to 04:30 P.M.

30-05-2026

Indian Infotech and Software Ltd. submitted its Monitoring Agency Report for Q4 FY2025-26, confirming no deviation from the objects of its Rights Issue (INR 44.81 Cr). However, the report reveals that the issuer initially failed to provide required information within the prescribed timeline, leading to a non-cooperation qualification, and the monitoring agency could not trace a corresponding transaction for INR 12,520 of general corporate purpose funds. The report also notes that the issue size was revised downward from INR 44.96 Cr to INR 43.31 Cr due to undersubscription.

• · The issuer did not furnish required information within the prescribed timeline of 15th May 2026; the MA originally issued a non-cooperation report on that date.
• · The issuer provided the information on 28th May 2026, which was taken into cognizance for this report.
• · Fees payable to the MA remained outstanding as of the date of the earlier report.
• · The MA could not trace a corresponding transaction for INR 12,520 credited to the company's current account for general corporate purpose, and the nature/end use could not be clearly established.
• · The issue was undersubscribed, leading to a revision of the total cost from INR 44.96 Cr to INR 43.31 Cr.
• · No deviation from the objects was observed, and no material deviation from earlier monitoring agency reports was noted.
• · No government/statutory approvals were required for the objects.
• · No favorable or unfavorable events affecting the viability of the objects were observed.