India Technology Sector Merger & Acquisition Filings — June 04, 2026

04-06-2026

Coforge Limited has allotted 1,26,71,602 equity shares of ₹2 each to eligible shareholders of Cigniti Technologies Limited as part of the Scheme of Amalgamation, with a share exchange ratio of 1:1. The paid-up share capital increased to 44,26,71,546 equity shares (face value ₹2 each), aggregating to ₹88,53,43,092. The company is completing formalities for listing and trading approvals of the newly issued shares.

• · Record date for determining eligible Cigniti shareholders was May 16, 2026.
• · Share exchange ratio is 1:1 (one Coforge share for each Cigniti share).
• · Allotment date was June 3, 2026.
• · The company is in the process of filing documents with stock exchanges for listing and trading approvals.

04-06-2026

Bharat Gears Limited has invested ₹1,27,39,980 (₹1.27 Cr) to acquire 13,134 equity shares (29.55% stake) in Hexa Energy HR5 Private Limited, a newly incorporated SPV promoted by Hexa Climate Solutions Private Limited, to procure solar power for its Faridabad and Mumbra units. The investment is aimed at curtailing power costs under a Power Purchase Agreement dated November 20, 2025. The target entity has nil revenue for the past three years (FY2024–2026), reflecting its early-stage status.

• · The investment was made to meet requirements under applicable Electricity Laws for purchasing solar power.
• · Hexa Energy HR5 Private Limited was incorporated on December 24, 2024, and has nil revenue from operations for FY2024, FY2025, and FY2026.
• · The acquisition is not a related party transaction; the target entity and its promoter are not related to Bharat Gears' promoter/promoter group.
• · The shares were allotted on June 02, 2026, with intimation received on June 03, 2026.
• · The investment is a cash consideration of ₹1,27,39,980.

04-06-2026

Juniper Hotels Limited has executed a Share Purchase Agreement (SPA) on June 2, 2026, to acquire 100% of Juniper Hospitality Assets Private Limited (JHAPL), making it a wholly owned subsidiary. The acquisition is aimed at developing a 5-star hotel on a ~2.524-acre land parcel in Sector 23, Dwarka, New Delhi, for which JHAPL holds the license rights. The transaction is a related-party deal (common promoter Mr. Arun Kumar Saraf and his son Mr. Varun Saraf) and is not subject to arm's length pricing determination as JHAPL was recently incorporated with a minimum paid-up capital of ₹1 lakh only.

• · JHAPL was incorporated on March 17, 2026, with a minimum paid-up capital of ₹1 lakh.
• · The land parcel is approximately 2.524 acres in Sector 23, Dwarka, New Delhi.
• · The acquisition follows a prior intimation (ref JHL/SJ/2026/32) dated May 21, 2026.
• · The SPA was executed on June 2, 2026, and disclosed on June 4, 2026.
• · No shares were issued as part of this transaction; it is a share purchase from existing shareholders.

04-06-2026

Axentra Corp Ltd (formerly Dugar Housing Developments Limited) has entered into a Share Purchase Agreement (SPA) on May 3, 2026 to acquire a 51% shareholding in Fore Solutions Private Limited. Upon completion of the share transfer, Fore Solutions will become a subsidiary of Axentra Corp Ltd. The announcement follows the board meeting outcome dated May 25, 2026, which previously disclosed the relevant details.

• · The Share Purchase Agreement was executed on May 3, 2026.
• · The acquisition of 51% shareholding will be completed upon transfer of shares, which will be announced separately.
• · Fore Solutions Private Limited will become a subsidiary of Axentra Corp Ltd post-acquisition.

04-06-2026

JK Lakshmi Cement Limited has approved investments of up to ₹16 Crore for a 26% equity stake in DynoSpark Private Limited and up to ₹8 Crore for a 26% equity stake in Elevate Solar Energy Private Limited. These acquisitions are aimed at sourcing solar power under the captive power route to reduce power costs at its Udaipur and Durg units. The projects, with capacities of 25 MW (AC)/36.25 MW (DC) plus 20 MWh BESS and 17.14 MW (AC)/24 MW (DC) respectively, are expected to be completed by 31st October 2026. However, both target entities are newly incorporated with negligible or negative financials—DynoSpark reported a net loss of ₹(0.66) Lakh and net worth of ₹0.34 Lakh for FY26, while Elevate Solar was incorporated in January 2025 with no financial history.

• · DynoSpark was incorporated on 27th July 2025 and had nil turnover, a net loss of ₹(0.66) Lakh, and net worth of ₹0.34 Lakh for FY ended 31st March 2026.
• · Elevate Solar was incorporated on 16th January 2025 and has no financial history disclosed.
• · The acquisitions are not classified as related party transactions.
• · Project implementor for DynoSpark is Oriana Power Limited; for Elevate Solar it is M/s Evolve Energy Group.
• · Both acquisitions are expected to be completed by 31st October 2026.

04-06-2026

Triveni Power Transmission Ltd (TPTL), a party to the Composite Scheme of Arrangement with Triveni Engineering & Industries Ltd (TEIL), has appointed five new directors to its board, including four independent directors, and constituted key board committees as part of preparations for its proposed listing under the Scheme. The appointments are subject to shareholder approval at the AGM scheduled for June 30, 2026. No financial figures or period-over-period comparisons are provided in this filing.

• · TPTL board constituted Audit Committee, Stakeholders Relationship Committee, and Corporate Social Responsibility Committee to comply with Companies Act 2013 and SEBI LODR requirements ahead of proposed listing.
• · Annual General Meeting of TPTL is scheduled for June 30, 2026 to consider director appointments.
• · Mr. Dhruv M Sawhney's appointment as Non-Executive Non-Independent Director is effective from July 1, 2026.
• · All five new directors are not debarred from holding director office per SEBI orders.
• · No inter-se relationships exist among the directors of TPTL.

04-06-2026

Ambuja Cements Limited has received 'no adverse observations' from BSE and 'no objection' from NSE on June 04, 2026, regarding the proposed Scheme of Amalgamation of ACC Limited with Ambuja Cements Limited under Sections 230-232 of the Companies Act, 2013. The stock exchanges have outlined several compliance conditions, including disclosure of ongoing adjudication proceedings, financials not older than six months, and mandatory demat issuance of equity shares. The scheme remains subject to further statutory, regulatory, and shareholder/creditor approvals.

• · The observation letters from BSE and NSE were received on June 04, 2026, following SEBI's comments dated June 03, 2026.
• · SEBI's comments include compliance with Regulation 11 of SEBI LODR Regulations, disclosure of ongoing adjudication/recovery proceedings, and ensuring financials in the scheme are not more than 6 months old.
• · The validity of the BSE observation letter is six months from June 04, 2026, within which the scheme must be submitted to NCLT.
• · The scheme requires approval from shareholders/creditors of both companies and other statutory/regulatory authorities.
• · Equity shares to be issued under the scheme must be in demat form only.
• · The companies must disclose promoter-wise shareholding details before and after the scheme, and details of registered valuer and merchant banker involved.

04-06-2026

ACC Limited has received observation letters with 'no adverse observations' from BSE and 'no objection' from NSE on June 04, 2026, regarding the proposed Scheme of Amalgamation of ACC with Ambuja Cements Limited under Sections 230-232 of the Companies Act, 2013. The stock exchanges have outlined several compliance conditions, including disclosure of ongoing adjudication proceedings, financials not older than 6 months, and detailed shareholder information. The scheme remains subject to further statutory and regulatory approvals, including approval from shareholders and creditors.

• · The observation letters were received on June 04, 2026, following SEBI's comments dated June 03, 2026.
• · SEBI's comments include 14 specific conditions, such as compliance with Regulation 11 of SEBI LODR, disclosure of all ongoing adjudication & recovery proceedings, and mandatory demat form for any equity shares issued.
• · The BSE observation letter is valid for six months from June 04, 2026, within which the scheme must be submitted to NCLT.
• · The scheme was initially approved by the Board of Directors on December 22, 2025.
• · The companies must prominently disclose a simple explanation, rationale, impact on shareholders, cost-benefit analysis, latest financials, promoter shareholding details, valuation report summary, and last 3 years' Revenue, PAT, and EBIDTA in the explanatory statement to shareholders.

04-06-2026

Orient Cement Limited has received observation letters with 'no adverse objection' from BSE and 'no objection' from NSE on June 04, 2026, regarding its proposed amalgamation with Ambuja Cements Limited. The scheme remains subject to various statutory and regulatory approvals, including shareholder and creditor approvals. The stock exchanges have imposed several compliance conditions, including disclosure of pending adjudication proceedings, updated financials, and detailed scheme rationale to shareholders.

• · The observation letters were received on June 04, 2026, following the board's approval on December 22, 2025.
• · SEBI's comments include requirements to disclose all ongoing adjudication & recovery proceedings, ensure financials in the scheme are not older than 6 months, and provide detailed disclosures to shareholders including pre/post scheme shareholding pattern, valuation details, and impact on revenue generating capacity.
• · The scheme must be filed with NCLT within the timeframe specified in the NSE letter (June 04, 2026).
• · The company must file a compliance status report on NEAPS confirming adherence to each point of the observation letter.
• · The exchange reserves the right to raise objections later if information is found incomplete, incorrect, or misleading.

04-06-2026

South West Pinnacle Exploration Limited has been empanelled by Oil India Limited for 2D/3D Seismic Data Acquisition Services across OIL's onshore acreages in India for a period of three years. This empanelment enables the company to bid on tenders from Oil India, reflecting its technical expertise and strengthening its position in the exploration services sector. No financial figures or period-over-period comparisons were provided in the filing.

• · The empanelment covers 2D/3D Seismic Data Acquisition Services across OIL's onshore acreages in India.
• · The empanelment is valid for three years from the date of grant.
• · The company can now participate in bidding opportunities and tenders issued by Oil India Limited during the validity period.

04-06-2026

Ganesh Consumer Products Limited disclosed an acquisition of equity shares by its Managing Director & promoter under SEBI PIT Regulations (Form C). The disclosure was filed with BSE and NSE on June 4, 2026. While the filing provides regulatory compliance details, it does not include the actual number of shares acquired or transaction value.

• · This is an insider trading compliance filing (Regulation 7(2) of SEBI PIT Regulations), not a detailed acquisition report.
• · The company was formerly known as Ganesh Grains Limited.
• · Registered office is at 88, Burtolla Street, Kolkata - 700007.
• · Scrip Code: 544528 on BSE; NSE Symbol: GANESHCP.
• · No transaction value or number of shares are disclosed in the filing letter itself.

04-06-2026

TVS Supply Chain Solutions Limited (TVS SCS) has approved a joint venture with A.L.A Corporation, investing up to ₹10,19,00,000 (₹10.19 Cr) in its wholly owned subsidiary TVS Packaging Solutions Private Limited, while A.L.A S.p.A will invest up to ₹9,80,00,000 (₹9.80 Cr). The JV targets cumulative revenues exceeding ₹2,000 Cr by 2031 in India's aerospace and defence sectors, with TVS SCS holding 51% and ALA 49%. However, TVS Packaging currently has insignificant turnover and is still exploring business expansion opportunities, and the JV's profitability depends on execution of definitive agreements and regulatory conditions.

• · TVS Packaging Solutions Private Limited was incorporated on April 28, 2017, and currently has insignificant turnover.
• · The JV is expected to become profitable within its first twelve months of operations.
• · TVS SCS manages approximately 250,000 NATO Stock Numbers and fulfills around 1 million defence demands annually.
• · ALA Group has over 35 years of experience and operates a global network of commercial offices and logistics facilities.
• · The JV will initially focus on India, with potential expansion to select international markets over time.
• · No regulatory approvals are required for the acquisition.
• · The indicative time period for completion of funding is by September 30, 2026.

04-06-2026

On June 4, 2026, the Board of Directors of Vibhor Steel Tubes Limited approved the incorporation of a wholly-owned subsidiary, Viyom Steel Infra Private Limited, in India. The subsidiary will be a specialized manufacturer of high-quality steel products for the infrastructure sector, including transmission towers, monopoles, crash barriers, octagonal poles, high mast poles, and pre-fab structures. The company will subscribe to the entire initial paid-up share capital of Rs. 10,00,000 (issued at par value) in cash, resulting in 100% shareholding and control.

• · The subsidiary will be incorporated in Hisar, Haryana, India.
• · The incorporation is subject to approval from the Ministry of Corporate Affairs.
• · Consideration is in cash; the company subscribes to the initial paid-up share capital of Rs. 10,00,000 at par.
• · The board meeting commenced at 11:00 AM and concluded at 11:40 AM on June 4, 2026.

04-06-2026

Mr. Yash Parekh, a promoter group member, acquired 1,43,760 equity shares (0.27% of total voting capital) of Gem Aromatics Limited on June 2, 2026, through open market purchase. This increased his aggregate holding (along with PACs) from 9.11% to 9.38% of the company's total voting capital. The acquisition was disclosed under SEBI Takeover Regulations.

• · The acquisition was executed via open market purchase on June 2, 2026.
• · The company's total equity share capital is ₹10,44,74,276 divided into 5,22,37,138 equity shares of face value ₹2 each.
• · No shares are held under encumbrance (pledge/lien) either before or after the acquisition.
• · The acquirer is part of the promoter/promoter group.

04-06-2026

Guenther America Inc., the promoter of Switching Technologies Gunther Ltd., has sold its entire stake of 9,22,000 equity shares (37.63% of the company) to Touristas Horizons Private Limited, BBU Enterprises Private Limited, and Mr. Nikhil Pujari via an off-market transaction on June 1, 2026, pursuant to a Share Purchase Agreement dated January 24, 2026. Post-acquisition, the acquirers collectively hold 58.28% of the company, with Touristas Horizons and BBU Enterprises each holding 27.67% and Nikhil Pujari holding 2.94%. The outgoing promoter has ceased to be classified as a promoter and is reclassified under the 'Public' category, and the company confirms that the outgoing promoter no longer exercises control over the company.

• · The acquirers (Touristas Horizons, BBU Enterprises, and Nikhil Pujari) already held 5,05,722 shares (20.64%) before this acquisition, indicating they were already significant shareholders.
• · The sale was executed off-market on June 1, 2026, and the disclosures were filed on June 3, 2026.
• · The company's total equity capital is ₹2,45,00,000 divided into 24,50,000 equity shares of ₹10 each.
• · The outgoing promoter (Guenther America Inc.) held 37.63% before the sale and now holds 0%.
• · The acquirers collectively now hold 58.28% of the voting capital, giving them majority control.