Executive Summary
Across 56 MCA/SEBI filings focused on mergers, acquisitions, and SAST disclosures dated around March 2, 2026, dominant themes include promoter stake consolidations via inter-se transfers, warrant conversions, and minor open-market buys/sells, with 70% neutral sentiment due to lack of quantitative details in Reg 29/10 filings. Key period-over-period trends show mixed target financials in acquisitions: e.g., Shanti Educational's education unit at ₹26.32 Cr turnover (100% of biz), AdCounty target's turnover down 40% YoY to ₹2.15 Cr, and NIL turnover in Nectar/ Cupid targets. Positive catalysts emerge from effective mergers like Fortis Healthcare's subsidiary absorptions and renewable energy plays (Shanti-Grew Energy 6.5GW solar merger, UltraTech 45MWp solar acquisition). Insider activity signals conviction in 12 cases (e.g., Modern Dairies promoters up to 44.97% stake via warrants), but sales in Home First (2.71% stake dump) and promoter shifts in AGI Infra raise caution. Portfolio-level patterns highlight healthcare/infra consolidation and alcobev expansions, with forward timelines clustering Q2-Q4 2026 for NCLT approvals and deal closures, implying near-term volatility but growth in renewables/energy.
Tracking the trend? Catch up on the prior India Merger Acquisition MCA Regulatory Filings digest from March 01, 2026.
Investment Signals(12)
- Modern Dairies Ltd↓(BULLISH)▲
Promoters converted warrants for 28L shares, stake up from 38.94% to 44.97% (diluted 40.03%), no encumbrances
- Fortis Healthcare Limited↓(BULLISH)▲
NCLT orders effective Mar 1, 2026, merging 4 wholly-owned subs (FESL, FCCL, FHMEL, B&B) into FHsL, streamlining ops post Jan 16 intimation
- ▲
Composite scheme approved: slump sale of 100% education biz (₹26.32 Cr turnover, 86.2% net worth) for ₹94.16 Cr shares, then merger with Grew Energy (6.5GW solar), share sub-division
- Vikram Kamats Hospitality Limited↓(BULLISH)▲
Promoter group acquired 1.54L shares (0.89%) via preferential, voting stake to 22.78%, diluted steady at 23.71%
- ▲
Promoter NICO converted warrants for 9.6L shares at ₹25, voting stake up 21.83% to 22.72%, equity capital expanded
- The Indian Wood Products Co. Ltd↓(BULLISH)▲
Promoter Krishna Kumar Mohta bought 27,724 + 20,678 shares open market Feb-Mar 2026, personal stake to 3.17%, group to 71.195%
- NRB Industrial Bearings Limited↓(BULLISH)▲
Promoter Mrs. Aarti Devesh Sahney bought 10K shares open market, stake up 4.19% to 4.23%
- Shankara Building Products Limited↓(BULLISH)▲
Promoter Ballygunge Family Trust bought 10K shares open market, stake up 2.22% to 2.26%
- Jindal Stainless Limited↓(BULLISH)▲
Promoter group JSL Overseas bought 803K shares open market, stake up 16.56% to 16.66%
- Orissa Bengal Carrier Limited↓(BULLISH)▲
MD Ravi Agrawal bought 19,612 shares on-market Feb 26-Mar 2, signaling confidence
- Shalibhadra Finance Ltd↓(BULLISH)▲
Promoter group Ayushi Doshi bought 6K shares open market, stake up 1.65% to 1.67%
- ▲
Acquiring up to 50% in Kion Blenders (₹45 Cr) for 200 KLPD distillery (₹300 Cr project, Q4 FY28 commissioning)
Risk Flags(10)
- AGI Infra Limited[MEDIUM RISK]▼
Promoter group inter-se gift/transfer of 17.65% stake (2.16 Cr shares) from Ranjit/Bikramjit Singh to Harbans Kaur Feb 26-27, group holding flat 72.94% but signals internal shifts
- Home First Finance Company India Limited↓[HIGH RISK]▼
Promoter True North sold 2.81 Mn shares (2.71%) open market Feb 26, stake down 7.45% to 4.74%
- Mid East Portfolio Management Ltd↓[MEDIUM RISK]▼
Promoter Jyoti Shah sold 72,819 shares (1.45%) open market Mar 2, personal stake down 20.1% to 5.75%
- Syschem India Limited[LOW RISK]▼
Promoter Ranjan Jain sold 1.05L shares (0.24%) open market Feb 24-26, stake down 6.41% to 6.17%
- Indian Railway Finance Corporation Limited↓[MEDIUM RISK]▼
Promoter GoI sold 22.4 Cr shares (1.71%) via OFS Feb 25-26, stake down 86.36% to 84.65%
- Mahasagar Travels Ltd↓[MEDIUM RISK]▼
Promoter Bhagchand Sukhwani off-market transfer reduced personal stake 18.49% to 9.48%, group flat 31.29%
- AdCounty Media India Limited↓[MEDIUM RISK]▼
Acquired 99.95% in Adaxx (turnover down 40% YoY to ₹2.15 Cr FY25), mixed sentiment on declining target ops
- Nectar Lifesciences Limited↓[LOW RISK]▼
Acquiring 100% Avensis Exports (NIL turnover FY23-25) for ₹25L into real estate diversification
- Cupid Breweries and Distilleries Limited↓[MEDIUM RISK]▼
Acquiring Rinpoche Spirits (NIL turnover FY22-24, ₹35L FY25) via ₹348 Cr share swap, mixed on weak target
- Shanti Educational Initiatives Limited↓[HIGH RISK]▼
Slump sale of 100% education biz, dissolution post-merger with Grew Energy, operational pivot risks
Opportunities(10)
- Shanti Educational/Grew Energy↓(OPPORTUNITY)◆
Merger at 100:212 swap ratio, access to 6.5GW solar (exp to 11GW) + 8GW cells, NCLT/CCI pending, valuers Finvox/IDBI
- UltraTech Cement Limited↓(OPPORTUNITY)◆
26% stake in AMPIN SPV (₹15.12 Cr) for 45MWp solar + battery in Odisha, green energy captive, complete in 180 days
- Asian Energy Services Limited↓(OPPORTUNITY)◆
BSE no-adverse letter Mar 2 for Oilmax merger filing to NCLT (valid 6 months), disclose litigations/synergies
- Allied Blenders and Distillers↓(OPPORTUNITY)◆
50% Kion (₹45 Cr tranches) for 200 KLPD distillery Vizianagaram (₹300 Cr total, Jun 2026 initial close)
- Aurum PropTech Limited↓(OPPORTUNITY)◆
Wholly-owned subs merger (Aurum Softwares ₹0.025 Cr FY25 turnover + Liv Real ₹10.21 Cr) for synergies, no cash/share swap
- C.E. Info Systems (Mapmyindia)(OPPORTUNITY)◆
₹2 Cr capital to Prashant LLP (20% profit share), completed Mar 2 post Feb 13 announcement
- Venus Remedies Limited↓(OPPORTUNITY)◆
Promoter group Sunev (17.21%) merging into Spine, no change in aggregate holding/control
- Cipla Limited(OPPORTUNITY)◆
New 100% step-down sub Cipla Middle East (KSA) Mar 1 for pharma mfg/distribution
- Growington Ventures India Limited↓(OPPORTUNITY)◆
Manju Mundhra PACs Reg 29(1) for stake crossing, potential promoter confidence buildup
- Gallantt Ispat Limited↓(OPPORTUNITY)◆
Gallantt Industry PACs Reg 29(2) intent to acquire substantial, promoter consolidation potential
Sector Themes(6)
- Promoter Stake Building in Manufacturing/Infra(BULLISH THEME)◆
8/12 cases (e.g., Modern Dairies +6%, Jindal Stainless +0.1%, Indian Wood +0.057%) show open-market/preferential buys, avg stake +1-6%, signaling conviction vs flat/group shifts
- Healthcare Consolidation Accelerating(POSITIVE THEME)◆
Fortis effective sub-mergers Mar 1, Venus promoter group amalgamation, Asian Energy Oilmax scheme filing; 4/56 filings, streamlining post-NCLT
- Renewable Energy M&A Surge(GROWTH THEME)◆
Shanti-Grew (6.5-11GW solar), UltraTech 45MWp solar SPV; targets with capacity expansions, Q2 2026 catalysts vs NIL/weak turnover acquisitions elsewhere
- Alcobev Expansion via SPVs(OPPORTUNISTIC THEME)◆
Allied Blenders 50% Kion distillery (Q4 FY28), Cupid Rinpoche 100% (₹348 Cr swap) + Odisha unit MOU; despite NIL turnover targets, capacity buildout
- Mixed Target Financials in Acquisitions(CAUTION THEME)◆
5 cases with YoY declines (AdCounty -40%, Shanti 100% biz sale), NIL turnover (Nectar/Cupid), but strategic pivots to solar/real estate/alcobev
- SAST Disclosures Dominate (70%)◆
40/56 Reg 29/10 filings, mostly neutral/low materiality due to no quant details, but clusters in infra (AGI 4 filings), signaling watch for open offers
Watch List(8)
NCLT/SEBI/BSE/CCI approvals for slump sale + Grew Energy merger, share sub-division; valuers report Mar 2 [Q2 2026]
NCLT filing for Oilmax merger post BSE no-adverse Mar 2 (valid 6 months), disclose litigations/financials [Mar-Jun 2026]
Post-merger integration of subs (FESL etc.), monitor ops synergies after Mar 1 effective date [Ongoing Q1 2026]
- AGI Infra Limited👁
Multiple SAST on Harbans Kaur 17.65% gift/transfer, Reg 10(7) confirmation; watch promoter control [Immediate]
Kion 50% acquisition tranches complete Jun 2026, distillery Q4 FY28 [Jun 2026]
Rinpoche acquisition complete within 20 days of allotment, Odisha unit MOU execution [Mid-Mar 2026]
Reg 29 SAST intents (Manju Mundhra, Sameer Merchant, Gnanesh Bhagat); await quant disclosures/open offers [Next 1-2 weeks]
True North post-sale activity after 2.71% dump, ESOP dilution impact on shareholding [Q1 2026]
Filing Analyses(56)
02-03-2026
Growington Ventures India Ltd (BSE: 539222) filed a revised disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, for Manju Mundhra & Persons Acting in Concert (PAC), indicating intention to acquire shares crossing substantial thresholds. No details on deal structure, valuation, share counts, percentages, or timelines were disclosed in the filing.
02-03-2026
The Board of Shanti Educational Initiatives Limited approved a composite Scheme of Arrangement involving the slump sale of its entire education undertaking (₹26.32 Cr turnover or 100%, ₹60.5 Cr net worth or 86.2% as on 31 Mar 2025) to wholly-owned subsidiary Shanti Learning Initiatives Pvt Ltd for consideration of 9.42 Cr equity shares (₹94.16 Cr), followed by amalgamation with Grew Energy Pvt Ltd (renewable energy solar modules/cells manufacturer), resulting in the company's dissolution without winding up. The scheme also includes subdivision of Amalgamated Company's equity shares from ₹10 to 10 shares of ₹1 each, and is subject to approvals from shareholders, NCLT, SEBI, BSE, and CCI. Additionally, the Board approved MOA alteration to enable such schemes and re-appointment of Independent Director Susanta Kumar Panda for a second 5-year term from 26 May 2026.
- ·Transferee Company incorporated on 12 January 2026.
- ·Scheme approved based on joint valuation report from Finvox Analytics and A.N. Gawade dated 2 March 2026, and fairness opinion from IDBI Capital dated 2 March 2026.
- ·Mr. Susanta Kumar Panda holds nil shares in the company and has no relationships with other directors.
02-03-2026
Fortis Healthcare Limited filed the certified copy of NCLT orders from the Delhi and Chandigarh benches with the Registrar of Companies on March 1, 2026, at 3:00 P.M. IST via Form INC-28, making the composite scheme of merger by absorption effective from that date. The scheme merges wholly-owned subsidiaries Fortis Emergency Services Limited (FESL), Fortis Cancer Care Limited (FCCL), Fortis Health Management (East) Limited (FHMEL), and Birdie & Birdie Realtors Private Limited (B&B) into Fortis Hospitals Limited (FHsL). This intimation follows an earlier disclosure on January 16, 2026, pursuant to SEBI LODR Regulations 30 and 51.
- ·Filed in continuation of intimation dated January 16, 2026
- ·NCLT Benches: Delhi and Chandigarh
- ·Compliance under Companies Act, 2013
02-03-2026
Harbans Kaur, part of the Promoter Group of AGI Infra Limited, acquired 2,15,60,000 equity shares representing 17.65% of the voting rights via inter-se gift transfer (nil consideration) from Ranjit Singh (1,81,30,000 shares, 14.84%) and Bikramjit Singh (34,30,000 shares, 2.81%) on or after February 26, 2026, exempt from open offer under SEBI SAST Regulation 10(1)(a)(i). Pre-transaction, Harbans Kaur held 0%; post-transaction, her stake is 17.65%, while sellers' stakes dropped to 0%. Total Promoter Group shareholding remains flat at 72.94%.
- ·Disclosure under Regulation 10(5) made on February 19, 2026
- ·Nil consideration (gift) for the acquisition
- ·Inter-se transfer between immediate relatives within Promoter Group
- ·Scrip Code: 539042; CIN: L45200PB2005PLC028466
02-03-2026
Promoters Bikramjit Singh and Ranjit Singh (promoter group of AGI Infra Limited) disposed of 2.16 Cr equity shares (17.65% stake) via off-market inter-se transfer among promoter group on February 27, 2026, reducing their holding from 17.65% to nil. The transaction involved Bikramjit Singh selling 0.343 Cr shares (2.81%) and Ranjit Singh selling 1.813 Cr shares (14.84%). Total equity share capital of AGI Infra Limited remains unchanged at 12.22 Cr shares.
- ·Disclosure filed on February 28, 2026, under Regulation 29(2) of SEBI (SAST) Regulations, 2011
- ·Scrip codes: BSE 539042, NSE AGIIL
- ·Mode of disposal: Off-market inter-se transfer among Promoter Group
02-03-2026
Laxmi Dental Ltd (BSE: 544339) has made a disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011, received by BSE, pertaining to Sameer Kamlesh Merchant. No quantitative details such as deal size, shareholding changes, or transaction structure are provided in the filing.
02-03-2026
Yash Innoventures Limited (BSE: 523650) has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 from Gnanesh Bhagat and Persons Acting in Concert (PACs), indicating an intention to acquire substantial shares in the technology sector company. No specific details on stake percentage, deal value, or transaction structure are provided in the filing. This is an informational disclosure with no quantitative metrics or financial impacts disclosed.
02-03-2026
AGI Infra Ltd (BSE: 539042) has filed a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, indicating that the exchange received a prior intimation from Harbans Kaur regarding a planned acquisition of shares or voting rights crossing regulatory thresholds. No quantitative details such as share count, percentage stake, deal value, or transaction structure are disclosed. This is an informational SAST compliance filing with no financial or operational metrics provided.
02-03-2026
Nalin Lease Finance Ltd. (531212) has disclosed receipt of a Regulation 29(2) disclosure under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from NLFL Commercial Pvt Ltd via BSE. This filing indicates NLFL Commercial Pvt Ltd's intention to acquire shares in Nalin Lease Finance Ltd., potentially crossing substantial shareholding thresholds. No details on deal size, share count, percentage stake, valuation, timeline, or consideration are provided.
02-03-2026
Promoters and persons acting in concert (PACs) of Modern Dairies Ltd., led by Krishan Kumar Goyal, acquired 28 lakh equity shares through conversion of warrants allotted via preferential allotment on February 27, 2026, increasing their combined holding from 9,978,407 shares (38.94% of total share capital, 31.26% diluted) to 12,778,407 shares (44.97% of total share capital, 40.03% diluted). This strengthens promoter control with no reported encumbrances or disposals. Equity share capital increased from ₹125.92 Cr pre-acquisition.
- ·Individual post-acquisition holdings: Krishan Kumar Goyal - 3,997,543 shares (14.07%); Mrs. Alka Goyal - 3,628,972 shares (12.77%); Krishan Goyal HUF - 1,880,000 shares (6.62%); Chandigarh Finance Pvt Ltd - 2,471,892 shares (8.70%); Mala Builders Pvt Ltd - 800,000 shares (2.81%).
- ·Disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011.
- ·No shares encumbered, no voting rights acquired outside shares, no warrants remaining post-conversion.
02-03-2026
Promoter Krishna Kumar Mohta acquired 27,724 equity shares (0.043%) of The Indian Wood Products Co Ltd on 27/02/2026 via open market, increasing his holding from 1,979,802 shares (3.095%) to 2,007,526 shares (3.138%). The promoter group's aggregate holding rose marginally from 45,497,658 shares (71.122%) to 45,525,382 shares (71.165%), with no changes in other promoters' stakes. This is a disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011.
- ·Security Company Limited holds the largest promoter stake at 12,325,442 shares (19.267%).
- ·Savita Mohta holds 9,160,200 shares (14.319%).
- ·Disclosure filed on 28/02/2026 to BSE Limited (Scrip Code: 540954).
02-03-2026
Mrs. Swarna Malhotra, acting in concert with PACs Indus Petrochem Limited, Coppersmith Energies and Project Private Limited, and Sudhir Malhotra (promoter group), acquired 100 equity shares of Sunshield Chemicals Limited on the open market on February 27, 2026. The group's total holding increased marginally from 58,14,599 shares (66.11%) to 58,14,699 shares (still 66.11%), with no change in percentage ownership. The company's equity share capital remains unchanged at ₹8.79 Cr.
- ·Disclosure filed on March 2, 2026 under Regulation 29(2) of SEBI Takeover Regulations.
- ·No encumbrances, warrants, or convertible securities held.
- ·Mode of acquisition: Open Market.
02-03-2026
BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Gallantt Industry Pvt Ltd and its PACs pertaining to Gallantt Ispat Ltd (BSE: 532726). This filing signals an intention to acquire shares in Gallantt Ispat Ltd that may cross substantial acquisition thresholds. No quantitative details such as deal size, shareholding changes, valuation, or transaction structure are disclosed.
02-03-2026
BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Manvi Goenka pertaining to Premier Polyfilm Limited (BSE: 514354). This filing signals a substantial acquisition or disposal of shares that crosses specified shareholding thresholds. No additional details on transaction size, shareholding changes, financial impact, or parties beyond Manvi Goenka are provided.
02-03-2026
La Opala RG Ltd has made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, stating that the Exchange received a corresponding disclosure from Genesis Exports Pvt Ltd and Persons Acting in Concert (PACs). No details on deal structure, transaction value, shareholding changes, or strategic rationale are provided in the filing.
02-03-2026
Padmanabh Alloys & Polymers Ltd (BSE: 531779) filed a disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011, received by BSE on March 02, 2026, pertaining to Hemal Desai. This indicates a potential substantial acquisition or disposal of shares crossing shareholding thresholds by Hemal Desai. No further details on transaction size, shareholding changes, valuation, or financial impact are disclosed.
02-03-2026
BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Darshik D Mehta pertaining to Neo Infracon Ltd (514332). No details on acquisition size, structure, valuation, or shareholding changes are provided in the filing. This is an informational SAST compliance disclosure with no quantitative metrics or financial impacts disclosed.
02-03-2026
Promoter Mrs. Aarti Devesh Sahney acquired 10,000 equity shares (0.04% stake) of NRB Industrial Bearings Limited via open market purchase on February 27, 2026, increasing her total holding from 10,15,660 shares (4.19%) to 10,25,660 shares (4.23%). No changes in encumbrances, voting rights otherwise, or convertible securities. The company's total equity capital remains unchanged at ₹4.85 Cr, comprising 2.42 Cr equity shares of ₹2 each.
- ·Disclosure filed in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
- ·Scrip Code: 535458 (BSE), Symbol: NIBL (NSE).
02-03-2026
Som Distilleries & Breweries Ltd (BSE: 507514) has made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on March 02, 2026, pertaining to Deepak Arora. This filing indicates an intention by Deepak Arora to acquire shares or voting rights in the company that may cross substantial acquisition thresholds (typically 5% or more). No further details on transaction size, shareholding changes, valuation, or parties involved beyond Deepak Arora are provided.
02-03-2026
C.E. Info Systems Limited completed a capital contribution of ₹2 Crore to Prashant Advanced Survey LLP on March 02, 2026, securing a 20% profit sharing ratio. This investment was initially announced via letter dated February 13, 2026, in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.
- ·BSE Scrip Code: 543425; NSE Symbol: MAPMYINDIA
- ·Initial announcement letter dated February 13, 2026
02-03-2026
Ranjan Jain, Promoter/Director of Syschem India Limited, sold 1,05,000 equity shares (0.24% of total share capital) via open-market transactions from February 24-26, 2026, reducing his holding from 27,90,000 shares (6.41% of total share capital) to 26,85,000 shares (6.17%). No other changes in encumbrances, voting rights, or convertible securities were reported. The disclosure was filed with BSE Limited on February 27, 2026, in compliance with SEBI (SAST) Regulation 29(2).
- ·Scrip Code: 531173
- ·Disclosure filed on February 27, 2026, from Chandigarh
02-03-2026
The President of India, acting through the Ministry of Railways (promoter of Indian Railway Finance Corporation Limited), sold 22,40,40,829 equity shares representing 1.71% of total paid-up equity share capital via an Offer for Sale (OFS) on February 25-26, 2026 (T and T+1 days), reducing its stake from 86.36% to 84.65%. The OFS had a base size of up to 26,13,70,120 shares (2%) with an oversubscription option for another 26,13,70,120 shares (2%), alongside a separate employee offer of 25,000 shares (0.0002%). Total equity share capital remained unchanged at 13,06,85,06,000 shares (face value ₹10 each).
- ·OFS notice announced on February 24, 2026
- ·Disclosure filed within 2 working days of OFS closure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
- ·No change in total equity share capital post-sale
02-03-2026
The Ballygunge Family Trust, a promoter/promoter group entity of Shankara Building Products Limited, acquired 10,000 equity shares (0.041% of total capital) via open market on February 27, 2026, increasing its holding from 539,000 shares (2.22%) to 549,000 shares (2.26%). This disclosure was filed pursuant to Regulation 29(2) of SEBI Takeover Regulations on March 1, 2026. No encumbrances or other instruments were involved, and total equity share capital remains unchanged at 2.42 Cr shares aggregating ₹24.25 Cr.
- ·Mode of acquisition: Open Market
- ·No shares encumbered, no warrants or convertible securities held
- ·Scrip Code on BSE: 540425; Symbol on NSE: SHANKARA
02-03-2026
Suraj Estate Developers Limited (544054) has made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on March 02, 2026, pertaining to Rahul Jesu Thomas and Persons Acting in Concert (PACs). This filing signals an intention to undertake a substantial acquisition of shares in the company. No quantitative details such as share count, percentage stake, deal value, or transaction structure are disclosed.
02-03-2026
Sinclairs Hotels Limited filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, regarding the acquisition of equity shares, with an enclosure containing details. The notice was addressed to BSE Limited (Scrip Code: 523023, Symbol: SINCLAIR), National Stock Exchange of India Limited, and The Calcutta Stock Exchange Ltd (Scrip Code: 029074). No quantitative details on the acquisition, such as share volume or value, are specified in the filing text.
- ·BSE Scrip Code: 523023, Symbol: SINCLAIR
- ·CSE Scrip Code: 029074
- ·Membership No. of Company Secretary: A44841
02-03-2026
AdCounty Media India Limited acquired a 99.95% stake in Adaxx Adtech & Media LLP for a capital contribution of ₹10 Cr on March 02, 2026, making it a subsidiary for consolidation purposes and aligning with the company's strategy to expand in advertising and media services. The target's turnover declined sharply 40% YoY to ₹2.15 Cr in FY25 from ₹3.57 Cr in FY24, though it had grown 9% YoY in FY24 from ₹3.28 Cr in FY23.
- ·Target entity incorporated on November 17, 2021, in Delhi, India.
- ·Indicative completion timeframe for acquisition: 2 months.
- ·Transaction not a related party transaction; conducted at arm's length.
02-03-2026
Goldiam International Limited received intimation of a proposed inter-se transfer of 52.98 lakh equity shares (4.69% of share capital) from promoter group member Mrs. Shobhnaben Manharkumar Bhansali to joint holding with promoter Mr. Rashesh Manhar Bhansali via off-market gift, with no consideration involved. The transaction qualifies for exemption under Regulation 10(1)(a)(i) of SEBI SAST Regulations, resulting in no change to aggregate promoter/promoter group shareholding at 38.39% or control of the company. Shareholding pattern remains flat before and after the reclassification.
- ·Proposed transaction date: on or after March 10, 2026
- ·Transaction mode: off-market transfer by way of gift deed (no consideration)
- ·Scrip codes: BSE 526729, NSE GOLDIAM EQ
02-03-2026
Onelife Capital Advisors Limited disclosed under SEBI Regulation 29(2) the conversion of 16 lakh equity share warrants into 16 lakh equity shares (₹1.6 Cr face value) of Swojas Foods Limited on February 27, 2026, boosting its direct equity holding from nil to 4.36% of share capital (2.81% diluted). This reduced its warrant holding from 1 Cr to 84 lakh (17.56% to 14.75% diluted share capital), keeping total potential holding steady at 1 Cr instruments (17.56% diluted). The transaction increased Swojas Foods' equity share capital from ₹35.06 Cr to ₹36.67 Cr face value.
- ·Scrip Code on BSE: 530217
- ·Target company registered office: Block A, Office No. 1004, Mondeal Heights, Nr. Panchratna Party Plot, S. G. Highway, Ahmedabad, Gujarat- 380051
- ·Acquirer CIN: L74140MH2007PLC173660
02-03-2026
Kamats Worldwide Food Services Private Limited (promoter group) acquired 1,54,000 equity shares (0.89% of total share capital) in Vikram Kamats Hospitality Limited via preferential allotment on March 2, 2026, increasing its voting shares holding from 22.09% to 22.78% of total share/voting capital. However, warrants/convertibles held decreased from 2.96% to 2.12% of diluted capital, keeping the total diluted holding steady at 23.71%. This disclosure is pursuant to SEBI Regulation 29(2).
- ·Mode of acquisition: Preferential allotment
- ·Equity shares face value: ₹10 each
- ·Acquirer CIN: U55100MH1992PTC067279
02-03-2026
NICO India Consultancy LLP, a promoter of Hi-Klass Trading and Investment Limited, acquired 9,60,000 equity shares of ₹5 each via conversion of warrants on a preferential basis at ₹25 per share, increasing its voting stake from 21.83% to 22.72% and diluted stake from 17.62% to 20.49%. However, the total diluted holding remained flat at 21.37% post-acquisition due to the conversion. The company's equity capital expanded from 2,70,54,900 shares to 3,02,17,400 shares.
- ·Allotment date: March 02, 2026
- ·Pre-acquisition warrants held: 12,55,000 (4.63% voting, 3.74% diluted)
- ·Post-acquisition warrants held: 2,95,000 (0.98% voting, 0.88% diluted)
- ·No shares encumbered before or after acquisition
02-03-2026
Ambar Protein Industries Ltd (BSE: 519471) has made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on March 02, 2026, pertaining to Pradeep Kumar Chunilal Khetani. This indicates that the individual has acquired or disposed of shares resulting in crossing specified shareholding thresholds. No quantitative details such as share count, percentage change, transaction value, or direction (acquisition vs disposal) are disclosed.
02-03-2026
Promoter Bhagchand Gordhandas Sukhwani disclosed under SEBI Takeover Regulations 29(2) a reduction in his individual shareholding in Mahasagar Travels Ltd. from 18.49% to 9.48% via an off-market inter-se transfer among promoters on February 27, 2026. However, the overall promoter and promoter group shareholding remained flat at 31.29% (24,60,400 equity shares). Total equity share capital stayed unchanged at ₹7.86 Cr (78,63,500 shares of ₹10 each).
- ·Scrip Code: 526795, Scrip ID: MHSGRMS
- ·CIN: L63040GJ1993PLC020289
- ·Mode of transaction: Off-market inter-se transfer among promoters
- ·Disclosure filing date: March 02, 2026
- ·Possible disposal quantity referenced (garbled OCR): 85,000 shares / 1.00%
02-03-2026
True North Fund V LLP, a promoter of Home First Finance Company India Limited, sold 2,808,585 shares (2.71% of total share capital) on February 26, 2026 via open market, reducing its voting stake from 7.45% (7,737,825 shares) to 4.74% (4,929,240 shares). No changes in encumbrances, voting rights otherwise, or convertible securities. The company's equity share capital increased slightly to ₹21.51 Cr (107.54 Mn shares) post-ESOP allotments, diluting overall holdings marginally.
- ·Disclosure filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
- ·Shareholding pattern reference date: December 31, 2025
- ·No encumbrances, additional voting rights, or convertible securities held by seller
02-03-2026
Growington Ventures India Ltd (BSE: 539222) has made a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on March 02, 2026, pertaining to Manju Mundhra. This filing indicates prior intimation of a potential substantial acquisition or change in shareholding crossing regulatory thresholds. No details on deal structure, valuation, share counts, percentages, or financial impact are provided in the disclosure.
02-03-2026
Asian Energy Services Limited (AESL) has received a 'no adverse observations' letter from BSE Limited dated March 02, 2026, enabling it to file the Scheme of Merger by Absorption of Oilmax Energy Private Limited (OEPL) with the National Company Law Tribunal (NCLT), subject to SEBI's specified compliances and disclosures. The scheme requires approvals from shareholders, creditors, and NCLT, with mandatory disclosures on ongoing litigations, financials, shareholding patterns, and impacts on revenue and synergies. No financial metrics or performance data are provided in the filing.
- ·Observation letter valid for six months from March 02, 2026.
- ·SEBI comments dated February 27, 2026, mandate disclosures on ongoing adjudication, recovery proceedings, prosecutions, and enforcement actions against the company, promoters, and directors.
- ·Scheme financials must not be more than 6 months old; equity shares, if issued, must be in demat form.
- ·No changes to draft scheme allowed without SEBI consent.
02-03-2026
Promoter Jyoti Kishor Shah of Mideast Portfolio Management Ltd. sold 72,819 equity shares (1.45% stake) through open market on March 2, 2026, reducing his holding from 362,215 shares (7.20%) to 289,396 shares (5.75%). This represents a 20.1% decline in his personal stake. The company's total paid-up equity capital remains unchanged at ₹5.03 Cr (50,30,000 shares of ₹10 each).
- ·Disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011
- ·PAN of seller: AUBPS8759D
- ·No encumbrances, warrants, or convertible securities held by seller
02-03-2026
BSE has received a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, for CMS Info Systems Ltd (543441) from PPFAS Mutual Fund. This filing indicates PPFAS Mutual Fund's intention to acquire shares or further increase its stake beyond SAST thresholds in the technology sector company. No specific details on transaction value, share count, percentage change, or deal structure are disclosed.
02-03-2026
BSE received a disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Lotus Eye Hospital and Institute Limited for Sangeetha Sundaramoorthy on March 02, 2026. No details on deal structure, shareholding changes, valuation, or transaction specifics are provided in the filing. This is an informational SAST compliance disclosure indicating a substantial acquisition event.
02-03-2026
AGI Infra Ltd (BSE: 539042) has filed a disclosure under Regulation 10(7) of SEBI (SAST) Regulations, 2011, confirming receipt of a disclosure regarding an acquisition under Regulation 10(1)(a)(i). This pertains to a substantial acquisition of shares or voting rights in the company, but no specific details such as acquirer identity, share count, percentage stake, or transaction value are disclosed. The filing is purely informational with no financial metrics, strategic rationale, or further context provided.
02-03-2026
Dollar Industries Limited submitted a Merger/Acquisition filing on March 02, 2026. The document contains multiple digital signatures by Ankit Gupta on the same date (March 02, 2026, at various times between 16:43:07 and 16:44:10 +05'30'). No substantive details on the merger, acquisition terms, financials, or parties involved are provided in the content.
- ·Digital signatures recorded at 16:43:07 +05'30', 16:43:36 +05'30', 16:43:51 +05'30', and 16:44:10 +05'30' on March 02, 2026
02-03-2026
Nectar Lifesciences Limited's board approved the acquisition of 100% equity share capital (80,000 shares) in Avensis Exports Private Limited (AEPL) for ₹24.96 L cash consideration to diversify into real estate, with completion targeted within 1 month. However, AEPL has reported NIL turnover for the last three years (FY23-FY25), indicating no operational revenue. Additionally, the board approved changing the Registrar and Share Transfer Agent from KFin Technologies Limited to Alankit Assignments Limited to reduce costs and enhance efficiency.
- ·AEPL date of incorporation: October 16, 2007
- ·AEPL line of business: Real estate; presence in India
- ·Board meeting held on March 02, 2026, from 04:00 P.M. to 04:30 P.M. IST
- ·No governmental or regulatory approvals required for acquisition
- ·Acquisition not a related party transaction; no promoter/group interest
- ·RTA change effective date to be intimated after agreements and procedures
02-03-2026
Allied Blenders and Distillers Limited approved entering into Shareholders’ Agreement and Share Purchase Agreement to acquire up to 50% stake (5,000 equity shares) in Kion Blenders Industries Private Limited for up to ₹45 Cr in tranches, making KION a subsidiary. The acquisition aligns with growth strategy to build a 200 KLPD dual-mode distillery in Vizianagaram, Andhra Pradesh, with total project cost of ₹300 Cr (₹45 Cr equity each from Company and other shareholder, balance via debt). Initial acquisition to complete by June 2026; distillery commissioning by Q4 FY28.
- ·KION incorporated on August 25, 2025; no prior turnover or financial statements
- ·No governmental/regulatory approvals required for acquisition
- ·KION engaged in alcohol refining, distilling, blending, bottling, etc., in India
- ·Board Management Committee meeting on March 02, 2026
02-03-2026
B.K. Narula HUF, a promoter group entity of Orosil Smiths India Limited, acquired 5,969 equity shares (0.02%) via open market on March 02, 2026, marginally increasing its holding from 14.05% (58,05,748 shares) to 14.07% (58,11,717 shares). The total equity share capital of the company remains unchanged at ₹4.13 Cr (4,13,16,000 shares of Re. 1/- each). This acquisition represents a negligible change in stake with no impact on control or encumbrances.
- ·No shares in encumbrance (pledge/lien/non-disposal undertaking) before or after acquisition.
- ·No warrants, convertible securities, or other instruments held.
- ·Disclosure filed with BSE Limited Compliance Officer.
02-03-2026
Peoples Investments Ltd (BSE:501144) filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on March 02, 2026, pertaining to Mukesh Sukhani HUF & Others. This filing indicates a substantial acquisition of shares or voting rights crossing regulatory thresholds (5% holding or 2% change), but no further details are provided. No quantitative metrics, financial impacts, or other changes are disclosed.
02-03-2026
Orissa Bengal Carrier Limited disclosed under SEBI (Prohibition of Insider Trading) Regulations, 2015, that its Managing Director and Promoter, Mr. Ravi Agrawal, acquired a total of 19,612 equity shares through on-market transactions on February 26 (3,086 shares, ~0.01%), February 27 (9,837 shares, ~0.03%), and March 2, 2026 (6,689 shares, ~0.04%) of the company's paid-up equity share capital. This insider purchase signals promoter confidence with no reported declines or flat metrics in the disclosure.
- ·Scrip Code: 541206
- ·Trading Symbol: OBCL
- ·ISIN: INE426Z01016
- ·Disclosure filed on 02.03.2026 per Regulation 7(2) of SEBI (PIT) Regulations, 2015
02-03-2026
JSL Overseas Holding Limited, a promoter group entity of Jindal Stainless Limited, acquired 803,661 equity shares (0.10% stake) from the open market, increasing its holding from 13,65,08,651 shares (16.56%) to 13,73,12,312 shares (16.66%). The transaction occurred on February 26-27, 2026, with no encumbrances or other instruments involved. Jindal Stainless Limited's total equity share capital remains unchanged at ₹164.88 Cr, comprising 824,419,588 shares of ₹2 each.
- ·Acquisition split: 318,661 shares on 26.02.2026 and 485,000 shares on 27.02.2026.
- ·Mode of acquisition: Open market purchase.
- ·No changes in encumbrances, voting rights otherwise than by shares, or convertible securities.
02-03-2026
Orissa Bengal Carrier Limited submitted a Merger/Acquisition filing on March 02, 2026. The document features multiple digital signatures by Ankit Gupta on the same date, but contains no substantive details on the merger, parties involved, terms, or financial implications.
02-03-2026
UltraTech Cement Limited has agreed to acquire 26% equity shares in AMPIN C&I Power Forty Four Private Limited, a newly incorporated SPV, for ₹15.12 Cr through cash consideration. The acquisition supports the company's green energy requirements, cost optimization, and regulatory compliance for captive power via a 45 MWp DC / 30 MW AC solar project with battery storage in Odisha. Completion is expected within 180 days from agreement execution; no related party involvement or prior turnover data as the target was incorporated on 12 August 2025.
- ·Target registered office: 309, 3rd Floor Rectangle One, Behind Sheraton Hotel, Saket, New Delhi-110017, India
- ·Project location: Golamunda, District – Kalahandi, Odisha
- ·No governmental or regulatory approvals required
- ·Not a related party transaction
02-03-2026
Venus Remedies Limited disclosed that promoter group entities Sunev Pharma Solutions Private Limited (holding 17.21% of the Company's equity) and Spine Software Systems Private Limited have approved a Scheme of Amalgamation for Sunev to merge into Spine, subject to approvals. This internal restructuring will vest Sunev's shares in Spine without altering the aggregate promoter/promoter group shareholding or control of the Company. The Company is not a party to the scheme.
- ·Disclosure pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015.
- ·Scheme dated 2 March 2026, subject to statutory/regulatory approvals.
- ·CIN: L24232CH1989PLC009705.
02-03-2026
Hit Kit Global Solutions Ltd (BSE: 532359) filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on March 02, 2026, pertaining to Prakash Shah & PACs. This filing indicates a change in shareholding crossing the 2% threshold but provides no further details on the nature, direction, volume, or value of the transaction. No quantitative financial metrics, deal sizes, or other specifics were disclosed.
02-03-2026
Ayushi Doshi, acting in concert with the promoter group of Shalibhadra Finance Limited, acquired 6,000 equity shares (0.02% of total diluted share capital) on March 2, 2026, via open market purchase, increasing her voting rights holding from 5,09,500 shares (1.65%) to 5,15,500 shares (1.67%). The total equity share capital and diluted voting capital remain unchanged at 30,88,84,000 shares. This minor stake increase reflects modest promoter consolidation with no other changes in encumbrances or convertible instruments.
- ·Scrip Code: 511754
- ·Disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011
- ·No shares encumbered, no warrants/convertibles held
02-03-2026
Promoter Krishna Kumar Mohta acquired 20,678 equity shares (0.032% stake) of The Indian Wood Products Co. Ltd. on March 2, 2026, through open market transactions, increasing his personal holding from 2,007,526 shares (3.138%) to 2,028,204 shares (3.170%). The promoter group's overall stake saw a marginal rise from 45,525,382 shares (71.163%) to 45,546,060 shares (71.195%), with no changes in other promoters' holdings.
- ·Security Company Limited holds 12,325,442 shares (19.267%), the largest promoter group stake
- ·Savita Mohta holds 9,160,200 shares (14.319%)
- ·Bharat Mohta holds 7,637,530 shares (11.939%)
- ·No shares encumbered, warrants, or convertible securities held by acquirer
02-03-2026
The Boards of GREW Energy Private Limited (GEPL) and Shanti Educational Initiatives Limited (SEIL) approved a proposed Scheme of Arrangement, including a slump sale of SEIL's business to Shanti Learning Initiatives Private Limited (SLIPL) and subsequent amalgamation of SEIL with GEPL at a share exchange ratio of 100 fully paid GEPL equity shares (Rs 1 face value) for every 212 SEIL shares (Rs 1 face value). GEPL, a Chiripal Group venture, operates a 6.5 GW solar PV module plant in Rajasthan with expansion to 11 GW planned, alongside an 8 GW cell facility in Madhya Pradesh, positioning it for listing post-regulatory approvals. The merger aims to streamline structure and drive growth, with no financial performance metrics disclosed.
- ·Valuers: M/s Finvox Analytics and A N Gawade
- ·Transaction advisors: Ernst and Young (EY) & P. Murali Consultants Private Limited
- ·GEPL plant locations: Dudu, Rajasthan (modules); Narmadapuram, Madhya Pradesh (cells)
- ·Scheme subject to approvals from shareholders, creditors, NCLT, stock exchanges, and regulators
- ·Filing date: March 02, 2026; Board meeting: Monday, March 02, 2026
02-03-2026
Aurum PropTech Limited informed that the Boards of its wholly owned subsidiaries, Aurum Softwares and Solutions Private Limited (turnover ₹0.025 Cr for FY25) and Liv Real Solutions Private Limited (turnover ₹10.21 Cr for FY25), approved their merger on March 2, 2026, to achieve operational synergies, administrative efficiencies, and group structure consolidation. The transaction involves no cash consideration, share exchange, or change in the listed company's shareholding pattern. It is exempted from related party transaction norms as both are wholly owned subsidiaries.
- ·Aurum Softwares and Solutions Private Limited: Software and information technology consultancy and investment advisory services.
- ·Liv Real Solutions Private Limited: PropTech and Real Estate services.
- ·Transaction exempted under Regulation 23(5)(c) of SEBI LODR as between wholly owned subsidiaries.
- ·Intimation received by Aurum PropTech Limited at 3:00 pm on March 2, 2026.
02-03-2026
Cipla Limited's wholly owned subsidiary, Cipla (EU) Limited (UK), has incorporated a new wholly owned step-down subsidiary named Cipla Middle East Company in the Kingdom of Saudi Arabia, effective 1 March 2026, with confirmation received on 2 March 2026. The new entity aims to establish a legal presence for manufacturing, distribution of pharmaceutical products, and holding marketing authorizations in the pharmaceutical industry. No financial costs, turnover, or consideration details are applicable as it is a greenfield incorporation with 100% ownership.
- ·Incorporation effective date: 1 March 2026
- ·Confirmation of incorporation received: 2 March 2026
- ·Country of incorporation: Kingdom of Saudi Arabia
- ·Scrip codes: BSE 500087, NSE CIPLA EQ
- ·Corporate Identity Number: L24239MH1935PLC002380
02-03-2026
Cupid Breweries and Distilleries Limited's Board approved the acquisition of 100% stake in Rinpoche Spirits Private Limited (RSPL) via preferential allotment of 3,87,08,920 equity shares at ₹90 each (₹348.38 Cr value) in share swap, and 6,51,387 shares (₹58.62 Cr value) for Crochet Industries Private Limited. The company also executed an MOU for purchasing a substantial Alcobev production unit in Odisha and plans to open branch offices in West Bengal, Odisha, Sikkim, Goa, and Karnataka. However, RSPL has reported NIL turnover for FY 2021-22 to FY 2023-24 and minimal revenue of ₹34.91 L as on March 31, 2025.
- ·RSPL incorporated on 29 November 2018; engaged in IMFL manufacturing in Odisha
- ·Acquisition completion within 20 days from allotment or share transfer
- ·Transaction based on SEBI Registered Valuer report; no cash outflow
- ·Scrip Code: 512361; ISIN: INE108G01010
- ·Board meeting held on March 02, 2026, from 06:30 p.m. to 06:48 p.m. IST
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