India Merger Acquisition MCA Regulatory Filings — March 20, 2026

20-03-2026

The Board of Thomas Cook (India) Limited approved a composite Scheme of Arrangement involving demerger of its resorts undertaking (turnover ₹70 Cr, ~0.4% of total standalone turnover for year ended Dec 31, 2025) into wholly-owned subsidiary Sterling Holiday Resorts Limited with issuance of 81 SHRL shares for every 100 TCIL shares, followed by 4:1 consolidation of TCIL shares, merger of three dormant subsidiaries (combined turnover ₹1.2 Cr), and reduction of TCIL share face value from ₹4 to ₹3 without cash payout to shareholders. The scheme aims to streamline corporate structure, reduce overheads, enhance focus on core travel business, and list SHRL, subject to approvals including NCLT, SEBI, and stock exchanges. Expected completion within 15-18 months from board approval on March 20, 2026.

• ·Share exchange ratio for demerger: 81 equity shares of SHRL (face value ₹10) for every 100 equity shares of TCIL (face value ₹1 pre-consolidation).
• ·Post-demerger indicative SHRL shareholding: Promoters 65.55% (including 7% by TCIL), ESOP Trust 2.16%, Public 32.30%.
• ·Merger subsidiaries (TCVSL, JTSL, BTSL) are dormant with nil or minimal operations; no new shares issued by TCIL.
• ·BSE designated as stock exchange for the scheme.
• ·Board meeting: March 20, 2026, 3:45 PM to 6:00 PM IST.

20-03-2026

T T Brands Limited (Promoter Group of TT Limited) purchased 1,32,455 equity shares of TT Limited between March 18, 2026, and March 20, 2026. This transaction is disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was filed with NSE and BSE on March 20, 2026.

• ·Scrip Code on BSE: 514142

20-03-2026

G Ganesh Kumar, a promoter of Tyche Industries Limited, acquired 1,880 equity shares (0.02% of total share capital) via an off-market inter-se gift transfer from fellow promoters G Rama Raju (280 shares) and G Vijaya Kumari (1,600 shares) on March 18, 2026. This transaction is exempt from open offer requirements under Regulation 10(1)(a)(i) and (ii) of SEBI SAST Regulations, 2011, with no change in aggregate promoter and promoter group holdings. G Ganesh Kumar's individual holding increased marginally from 5.41% (554,029 shares) to 5.42% (555,909 shares), representing negligible impact.

• ·Scrip Code: 532384
• ·Disclosure under SEBI SAST Regulation 10(6); prior intimation under 10(5) filed on 04-03-2026
• ·Shareholding pattern reference: quarter ended December 30, 2025
• ·Transaction price: Nil (gift via Gift Deed)
• ·Filing date: March 20, 2026

20-03-2026

Anand Rathi Wealth Ltd (543415) has made disclosures under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The BSE received a related disclosure on March 20, 2026, pertaining to Anand Rathi Financial Services Ltd. No quantitative details, transaction specifics, financial metrics, or shareholding changes are mentioned in the filing.

20-03-2026

GeeCee Ventures Limited has completed the conversion of 30,912 partly paid-up equity shares of Adani Enterprises Limited (AEL) into fully paid-up shares at a total cost of approx. ₹5.56 Cr (₹1,800 per share), following prior payments disclosed on multiple dates, resulting in a 0.00% shareholding as this is a miniscule part of its investment portfolio. AEL's turnover declined 17% YoY to ₹26,709 Cr in FY 2024-25 from ₹32,012 Cr in FY 2023-24, after a 52% drop from ₹67,325 Cr in FY 2022-23. Profit after tax from continuing operations stood at ₹6,053 Cr for FY 2024-25.

• ·AEL Date of Incorporation: March 02, 1993
• ·AEL has presence in India, Australia, Indonesia, Singapore, the Middle East and parts of Southeast Asia
• ·No related party transactions; acquisition at arm's length
• ·Previous disclosures: March 13, 2026; January 27, 2026; December 12, 2025; December 10, 2025
• ·AEL intimation to exchanges: March 19, 2026

20-03-2026

Promoter of Rita Finance and Leasing Limited has filed a disclosure under Regulation 31(2) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011, for the creation of a pledge on 7,733,614 equity shares of the company. The disclosure was submitted to BSE Limited and Metropolitan Stock Exchange of India Limited on March 20, 2026, from New Delhi.

• ·Disclosure filed from Plaza, 325, Third Floor, Agarwal Sec-14, Rohini, Delhi-110085

20-03-2026

F. Mittal submitted a disclosure to BSE Limited under Regulation 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, regarding acquisition of shares in Adishakti Loha and Ispat Limited. The disclosure was filed on March 20, 2026, from New Delhi, with CC to Afloat Enterprises Limited (formerly Adishakti Loha and Ispat Limited). No specific shareholding changes or quantitative details were discernible from the filing.

• ·Disclosure pertains to substantial acquisition of shares and takeover regulations.
• ·Company name change: Adishakti Loha and Ispat Limited to Afloat Enterprises Limited.

20-03-2026

Mr. Vikram Jayantilal Lodha, a promoter of Meghna Infracon Infrastructure Limited (formerly Naysaa Securities Ltd.), acquired 19,983 equity shares (0.0919% of shareholding) from the open market on March 20, 2026, at ₹504 per share for a total value of ₹1.01 Cr. This transaction was disclosed pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015. No other changes in promoter holding or financial impacts were mentioned.

• ·Scrip Code: 538668
• ·CIN: L68100MH2007PLC17520

20-03-2026

Orosil Smiths India Limited disclosed a declaration received under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, to BSE Limited on March 20, 2026. This pertains to a substantial acquisition of shares in the company (ISIN: INE628B01034, Scrip Code: 531626). No specific details on the acquirer, shareholding thresholds, or financial implications were provided in the filing.

• ·Reference number: OSIL/SEC/96/2025-26
• ·ISIN: INE628B01034
• ·Scrip Code: 531626

20-03-2026

Ashok Leyland Limited approved an investment of up to GBP 30 million (approximately ₹375 Cr) in its subsidiary Optare Plc. UK as equity in one or more tranches, increasing its shareholding from 93% to 93.28%, aimed at loan repayment and business needs. Optare reported strong revenue growth to ₹1,232.59 Cr in FY 2024-25 from ₹707.30 Cr in FY 2023-24 (74% YoY increase), following a 208% jump from ₹229.72 Cr in FY 2022-23.

• ·Investment to be completed within March 31, 2026.
• ·Hinduja Automotive Limited, a promoter group company, holds 6.52% in Optare Plc.
• ·Investment based on valuation report from an Independent Valuer and is at arm's length.
• ·Optare Plc. incorporated on January 23, 2008.

20-03-2026

JSL Overseas Holding Limited, a promoter group entity, acquired 95,000 equity shares (0.01% stake) of Jindal Stainless Limited from the open market on March 17 (50,000 shares) and March 18 (45,000 shares), 2026, increasing its holding from 17.03% (140,391,018 shares) to 17.04% (140,486,018 shares). This marginal increase reflects minor promoter consolidation with no encumbrances or other changes reported. The transaction is disclosed under SEBI SAST Regulation 29(2).

• ·JSL Overseas Holding Limited belongs to the promoter/promoter group.
• ·Persons Acting in Concert (PAC) include multiple Jindal family members and entities such as Abhyuday Jindal, Deepika Jindal, Naveen Jindal, and companies like Virtuous Tradecorp Private Limited.
• ·No shares encumbered, no warrants/convertible securities, no voting rights acquired outside shares.
• ·Disclosure dated March 19, 2026.

20-03-2026

OBCL Limited (formerly Orissa Bengal Carrier Ltd.) disclosed under SEBI (Prohibition of Insider Trading) Regulations, 2015, that Promoter and Managing Director Mr. Ravi Agrawal acquired 29,894 equity shares (0.14% of total paid-up capital) on March 18, 2026; 3,891 shares (0.02%) on March 19, 2026; and 1,500 shares (0.03%) on March 20, 2026 via on-market transactions. The total acquisition amounts to 35,285 shares or 0.19% of the company's equity capital, signaling promoter confidence.

• ·Scrip Code: 541206; Trading Symbol: OBCL; ISIN: INE426Z01016
• ·Disclosure filed on March 20, 2026 in Form C under Regulation 7(2)

20-03-2026

Sacheta Metals Ltd (BSE: 531869) has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE from Pranav Shah, indicating his intention to undertake substantial acquisition of shares in the company. No details on deal structure, share count, stake percentage, valuation, consideration type, or timeline are provided in the filing. This is purely an informational prior intimation with no quantitative or financial metrics disclosed.

20-03-2026

Promoter Ghanshyam Jaju of Godavari Drugs Limited acquired 1,80,000 convertible warrants via preferential allotment on March 18, 2026, increasing his absolute holding from 3,50,000 to 5,30,000 units. This represents 1.44% of the diluted share capital, with post-acquisition stake at 3.46% of share capital and 4.24% of diluted share capital (down slightly from 4.65% pre-acquisition diluted due to expanded diluted base). No declines in other metrics reported.

• ·BSE Scrip Code: 530317
• ·Disclosure filed on March 20, 2026 under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 Reg 29(2) and SEBI (Prohibition of Insider Trading) Regulations, 2015 Reg 6(2)

20-03-2026

Deepak Vegpro Private Limited, a promoter group entity of Vijay Solvex Limited, acquired 15,000 shares (0.469% stake) from Dinesh Gupta, another promoter group member, on March 5, 2026, at ₹401 per share, increasing its holding from 103,106 shares (3.220%) to 118,106 shares (3.689%). This inter-se promoter transfer seeks exemption from open offer obligations under Regulation 10(1)(a)(ii) of SEBI Takeover Regulations, with no changes in other listed PAC holdings. The share price was below the 60-day VWAP of ₹546.72, satisfying exemption conditions.

• ·Application submitted to SEBI on March 9, 2026, for Regulation 10(7) exemption.
• ·Notice to stock exchanges issued on February 24, 2026.
• ·Promoter PAC holdings unchanged for entities like Vijay Agro Mills Pvt Ltd (7.782%) and Vijay Data (11.682%).
• ·Total share capital of Vijay Solvex Ltd approximately 32.02 lakh shares.

20-03-2026

Promoter Rahul Maganlal Timbadia acquired 17,000 equity shares (0.01% stake) of La Tim Metal & Industries Limited on March 20, 2026, via open market purchase, marginally increasing his holding from 1,17,13,550 shares (8.84%) to 1,17,30,550 shares (8.86%). This represents a negligible 0.02 percentage point rise in his stake with no changes in encumbrances, voting rights beyond shares, or convertible securities. The transaction is minor and does not trigger further takeover obligations.

• ·No shares in encumbrance (pledge/lien/non-disposal undertaking).
• ·No voting rights acquired otherwise than by shares.
• ·No warrants/convertible securities involved.
• ·Total diluted share/voting capital unchanged post-acquisition.

20-03-2026

Promoter Jagdish Umakant Nayak, along with persons acting in concert (PACs), acquired 4,800 equity shares of Clinitech Laboratory Limited on March 19 and 20, 2026, via open market purchases, increasing their combined holding from 14,55,800 shares (63.78%) to 14,60,600 shares (63.99%). The total equity share capital/voting capital of the company remains at 22,82,400 shares both before and after the acquisition. This is a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

• ·Scrip code: 544220
• ·Mode of acquisition: open market
• ·Disclosure filed on March 20, 2026

20-03-2026

Ayushi Doshi, part of the promoter/promoter group of Shalibhadra Finance Limited, acquired 9,100 equity shares (0.03% of total share capital) on the open market on March 20, 2026, increasing her holding from 550,000 shares (1.78%) to 559,100 shares (1.81%). The total equity share/voting capital of the company remains unchanged at 30,88,84,000 shares. This disclosure is made pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

• ·Scrip Code: 511754
• ·CIN: L65923MH1992PLC064886
• ·No shares encumbered, warrants, or convertible securities held

20-03-2026

Promoters Rajesh Mehra, Renu Mehra, and Kalika Mehra (along with Rajesh Mehra HUF), acting in concert, acquired 10,00,000 fully convertible warrants via preferential allotment on March 18, 2026, increasing their entitlements in Active Clothing Co Ltd. Their aggregate holding declined slightly from 73.58% of pre-diluted equity share capital (1,14,14,015 shares out of 1,55,12,215) to 70.88% of fully diluted post-issue capital (1,24,14,015 out of 1,75,12,215 shares). The warrants are convertible into equity shares within 18 months, with total warrants issued at 20,00,000.

• ·Warrants allotted on preferential basis on 18.03.2026; acquisition intimated on 19.03.2026
• ·Disclosure filed on 20.03.2026 under Regulation 29(1) of SEBI (SAST) Regulations, 2011
• ·No shares carrying voting rights or encumbrances acquired; only warrants

20-03-2026

Paul Excursions LLP acquired 3,07,065 equity shares (9.96% of Paul Merchants Ltd's share capital) from Paul Excursions Private Limited pursuant to succession on conversion of the private limited company into an LLP, exempted from open offer under Regulation 10(1)(g) of SEBI (SAST) Regulations, 2011. The transaction occurred on March 18, 2026, with no change in overall promoter/PAC shareholding, which remains flat at 74.65%. No prior intimation was required under Regulation 10(5).

• ·Acquisition date: March 18, 2026
• ·Filing date: March 20, 2026
• ·Target company registered office: DSM 335, 336, 337, 3rd Floor, DLF Tower, 15, Shivaji Marg, Najafgarh Road, New Delhi - 110015
• ·Acquirer address: 4th Floor, Industrial Plot No. 161, Phase-II, Industrial Area, Chandigarh - 160002

20-03-2026

Non-promoter shareholder RATHOD MANOJ CHHAGANLAL HUF disclosed the sale of 35L shares (1.59%) of Padam Cotton Yarns Ltd via open market on March 20, 2026, reducing its voting rights holding from 1.41 Cr shares (6.44%) to 1.06 Cr shares (4.85%). This represents a 24.75% decline in its absolute shareholding, with no changes in encumbrances, warrants, or other instruments. The company's total equity share capital remained at 21.95 Cr shares.

• ·Disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011
• ·Scrip Code: 531395
• ·Mode: Open market
• ·Place of disclosure: Ahmedabad

20-03-2026

Sajankumar Rameshwarlal Bajaj, Chairman & Managing Director and Promoter of Bajaj Healthcare Limited, acquired 4,55,074 equity shares (₹2.28 Cr at face value) through conversion of convertible warrants on March 18, 2026, increasing his absolute voting shares from 1.19 Cr to 1.23 Cr. However, his shareholding percentage diluted slightly from 37.59% to 36.62% of total share capital due to the overall increase in equity base from 3.16 Cr to 3.37 Cr shares. This disclosure complies with SEBI Regulation 29(1) for substantial acquisition.

• ·BSE Scrip Code: 539872, NSE Symbol: BAJAJHCARE
• ·Disclosure filed on March 20, 2026
• ·No encumbrances (pledge/lien) held by acquirer before or after

20-03-2026

Sachin Govindlal Modi, a non-promoter shareholder, sold 500,000 shares (1.38% of total capital) of Narmada Macplast Drip Irrigation Systems Ltd via open market on March 20, 2026, reducing his holding from 2,838,892 shares (7.83%) to 2,338,892 shares (6.45%). This transaction triggered disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company's total equity share capital remains unchanged at 36,230,000 shares.

• ·Disclosure filed with BSE Ltd and the target company.
• ·Acquirer not part of promoter/promoter group.
• ·Scrip code: 517431

20-03-2026

Umiya Holding Private Limited, a promoter/promoter group entity, acquired 1,000 equity shares (0.005%) of Umiya Buildcon Limited on March 20, 2026, via open market purchase. This increased its shareholding from 7,125,166 shares (38.13%) to 7,126,166 shares (still 38.13%), against a total equity capital of 18,684,602 shares. The change in holding percentage remained flat despite the nominal addition.

• ·Scrip codes: BSE 532376, NSE UMIYA-MRO
• ·PAN of acquirer: AAACU4321R
• ·Disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011
• ·Mode of acquisition: Open Market

20-03-2026

Manisha Umesh Modi, Promoter, Whole-time Director and CFO of Jupiter Infomedia Limited, disclosed the sale of 9,80,000 equity shares representing 9.78% stake on March 19, 2026, significantly reducing her holding from 11.70% (11,72,500 shares) to 1.92% (1,92,500 shares). The company's total equity share capital remains unchanged at ₹10.02 Cr, comprising 1,00,20,000 equity shares of ₹10 each. This promoter stake dilution reflects a substantial decrease with no offsetting increases noted.

• ·Disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011
• ·Disclosure in Form C under Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015
• ·DIN: 02057625
• ·Place of transaction: Mumbai

20-03-2026

Madhusudan Securities Ltd (BSE: 511000) has made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by the Exchange from Salim Pyarali Govani & PACs. This filing signals an intention to acquire shares that may trigger substantial acquisition thresholds. No details on deal size, shareholding changes, valuation, or transaction structure are disclosed.

20-03-2026

Ashapura International Limited (promoter/promoter group) disclosed the open market sale of 12.57 L equity shares (1.05%) of Orient Ceratech Limited on March 19, 2026, reducing its voting stake from 26.83% to 25.78%. No changes in encumbrances, voting rights otherwise, or convertible securities were reported. The total equity share capital of Orient Ceratech remains at 11.96 Cr shares.

• ·Disclosure filed on March 20, 2026, in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
• ·Scrip codes: BSE 504879, NSE ORIENTCER

20-03-2026

Promoter Group member Kalidindi Ravi acquired 3,000 equity shares (0.01% stake) of NCL Industries Limited via open market on March 18-19, 2026, marginally increasing holding from 3,086,128 shares (6.82%) to 3,089,128 shares (6.83%). This represents flat growth in stake with negligible impact. Total equity share capital remains unchanged at ₹45.23 Cr comprising 45,232,790 shares of ₹10 each.

• ·Disclosure made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
• ·No change in encumbrances, warrants, or convertible securities
• ·Company CIN: L33130TG1979PLC002521

20-03-2026

DOMS Industries Limited, along with its subsidiaries and associate (DOMS Group), incorporated a Section 8 not-for-profit company named DOMS FOUNDATION on March 19, 2026, primarily to plan, implement, monitor, and manage CSR activities in compliance with Section 135 of the Companies Act, 2013. The listed entity directly controls 80% of the foundation, with the remaining 20% held by its subsidiaries and associate via guarantee amounts, and no cash consideration or share capital is involved. This disclosure follows a prior letter dated January 30, 2026, under Regulation 30 of SEBI LODR Regulations.

• ·Incorporated as a company limited by guarantee with no share capital.
• ·No governmental or regulatory approvals required beyond standard incorporation.
• ·Structured to comply with Section 135 of Companies Act, 2013, and Schedule VII.

20-03-2026

BSE has received a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Pushpa Bhaju for Travels & Rentals Ltd (BSE: 544242). This filing signals potential substantial acquisition activity or takeover intentions crossing 5% shareholding threshold or 2% changes thereafter. No quantitative details such as stake percentages, share counts, deal value, or transaction terms are disclosed.