Executive Summary
Across 50 MCA Merger & Acquisition Tracker filings from March 2026, dominant themes include neutral promoter group inter-se transfers (e.g., PNC Infratech, Tinna Rubber x2) maintaining total holdings unchanged at levels like 56.07%-67.59%, signaling family partitions/successions without control shifts. Positive M&A highlights include Lloyds Metals' $30M CHEMAF acquisition boosting DRC copper/cobalt capacity to 100k/20k TPA, Healthcare Global's ₹253.66Cr subsidiary investments amid 39.7% YoY revenue growth in HCG NCHRI, and warrant conversions/stake builds (Future Market, Hittco). Bearish signals from Sadhana Nitrochem promoters selling 2.45%-2.49% stakes open-market, reducing holdings to 27.68%-28.99%. Period trends show mixed sub performance: GoodEarth/Progress +43.5%/+23.4% FY25 YoY turnover but negative net worth ₹(144-247)Cr; AIL income +205k% YoY to ₹1,381L but negative net worth ₹(5k)L. Aggregated insider activity reveals minor buys (e.g., Inani Marbles 10k shares x3, La Opala 25k) vs large sales, with neutral sentiment in 70%+ filings. Infra/mining sectors lead alpha via expansions, while chemicals/healthcare mixed.
Tracking the trend? Catch up on the prior India Merger Acquisition MCA Regulatory Filings digest from March 26, 2026.
Investment Signals(12)
- Lloyds Metals And Energy Limited↓(BULLISH)▲
Acquired 100% CHEMAF for $30M, adding 20k TPA copper/4k TPA cobalt capacity (expanding to 50k/16k TPA), CY2025 turnover $154M vs Nil prior years; prior Nexus Holdco stake
- ▲
₹98Cr investment in HCG NCHRI (revenue +39.7% YoY FY24, +25.1% FY25 to ₹89.8Cr, PAT ₹17Cr FY25) + ₹155.66Cr for 34% Vizag stake (to 85% ownership), completion Q1 FY27
- Hittco Tools Ltd.↓(BULLISH)▲
Promoter Yash Vardhan Bhandari acquired 295k shares, boosting holding from 1.93% to 6.26%, equity capital up to ₹6.48Cr
- Future Market Networks Limited↓(BULLISH)▲
Promoter Surplus Finvest converted 30L warrants to equity, voting stake +5.35% to 9.81% (diluted potential 14.15%), equity capital to ₹63.64Cr
- PDS Limited↓(BULLISH)▲
Step-down subs acquiring remaining 7% in GoodEarth/Progress for ~₹188, post +43.5%/+23.4% FY25 YoY turnover to ₹337/451Cr despite prior declines/negative net worth
Promoter sold 73.8M shares (2.49%), holding down to 27.68% open-market
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Promoter sold 72.7M shares (2.45%), holding down to 28.99% open-market
- Ashoka Buildcon Limited↓(BEARISH)▲
Allotted 66.5L shares (₹6.65Cr) in sub AIL rights issue, AIL income +205k% YoY FY25 to ₹1,381L but negative net worth ₹(5k)L
Promoter group partition transfers 19.6M shares inter-se, total holding unchanged 56.07% [NEUTRAL but signals stability]
54L shares (30%) inter-se to family trust, total promoter holding flat 67.59% [NEUTRAL succession]
Promoter group buys 10k shares each (Vimla/Varsha), holdings +0.06% to 4.53%/3.19% [BULLISH minor conviction]
Promoter Genesis Exports +25k shares open-market, holding +0.03%-0.02% to 66.15%/46.94% [BULLISH minor]
Risk Flags(10)
- Sadhana Nitrochem Limited↓[HIGH RISK]▼
Dual promoter sales totaling ~146.5M shares (4.94% aggregate), holdings drop to 27.68%/28.99%, signals low conviction
- PDS Limited↓[MEDIUM RISK]▼
GoodEarth/Progress negative net worth ₹(144.74Cr)/(247.38Cr), prior YoY declines -21%/-12.3% despite FY25 growth
- Ashoka Buildcon Limited (AIL sub)↓[MEDIUM RISK]▼
Negative net worth ₹(5k)L FY25 (improved from ₹(6.7k)L but ongoing losses) despite income surge
- Healthcare Global (Vizag sub)[MEDIUM RISK]▼
Revenue -8.4% YoY FY25 to ₹110Cr despite PAT ₹18.79Cr, contrasting HCG NCHRI growth
- AGI Infra Limited↓[MEDIUM RISK]▼
Extension to Dec 31, 2026 for ₹30Cr 60% Worldnext Realty stake; target turnover -72% FY24 to FY25 (₹3.2Cr)
Promoter pledged 29.35% shares (51% of holding) for ₹65Cr debentures, security ratio 2.49x for sub growth [HIGH RISK encumbrance]
Turnover flat +1.2% YoY FY25 (₹855L) after +353% prior, for 1.58% stake to meet captive power norms [LOW RISK slowdown]
- Orbit Exports Limited (x2)↓[MEDIUM RISK]▼
Family trusts SAST disclosures lacking size/intent details, medium risk uncertainty
Non-promoter Siddhi Power sold entire 2.29% stake open-market [LOW RISK dilution]
- Padam Cotton Yarns Ltd.↓[LOW RISK]▼
Non-promoter sold 1.05M shares (0.48%), holding -0.48% to 2.27%
Opportunities(10)
$30M for copper/cobalt miner, group capacity to 100k/20k TPA DRC, Surya Mines ops started Mar 2026 [OPPORTUNITY expansion]
₹253Cr total for debt repay/85% Vizag stake, HCG NCHRI +25% YoY FY25 revenue [OPPORTUNITY consolidation]
RBI NOC for AFSL merger, subject to approvals; regulatory catalyst [OPPORTUNITY synergies]
Completed share buy in air systems firm, post Feb intimation [OPPORTUNITY cleanroom growth]
295k shares to 6.26% holding, equity up 7% [OPPORTUNITY conviction play]
Promoter to 9.81% voting (14.15% diluted), remaining 65L warrants exercisable 18m [OPPORTUNITY dilution upside]
Equity shareholder meeting May 2, 2026 for Sesa Care scheme, NCLT-directed [OPPORTUNITY M&A approval]
₹30Cr for 60% realty LLP by Dec 2026, prior disclosures signal commitment [OPPORTUNITY infra realty]
Nominal USD2 for 7% in apparel mfrs with FY25 growth +23-43% YoY [OPPORTUNITY simplification/ESOPs]
₹39.6L for 1.58% in FETN1PL (1.1MWp capacity), meets Electricity Act norms [OPPORTUNITY green energy]
Sector Themes(6)
- Promoter Family Restructurings (Infra/Apparel)◆
10+ filings (PNC x2, Tinna x2, Veranda, Patel Eng x2, Asian Warehousing) show inter-se/gift transfers maintaining 56-67% holdings unchanged, neutral for control but watch succession risks
- Mining/Infra Expansions◆
Lloyds (DRC metals), AGI (realty), Ashoka (infra sub) highlight capacity builds/revenue jumps (+205k% AIL), positive vs chemicals declines; 4/50 filings avg materiality 7/10
- Chemicals Promoter Selling◆
Sadhana Nitrochem dual 4.94% sales (146M shares) contrast minor buys elsewhere (Inani/La Opala), bearish conviction amid open-market disposals
HCG ₹253Cr for 85% ownership, mixed revenue (HCG +25% vs Vizag -8%) but PAT positive; PDS apparel subs negative net worth despite growth
- SAST Intent Disclosures (Neutral Volume)◆
15+ filings (Orbit x2, Annvrridhhi, Atul Auto, GR Infra etc.) lack quant details, medium risk but opportunities in stake builds (e.g., Kati Patang +2.82%)
- Warrant Conversions/Stake Builds◆
Future Market/Hittco/Sanjivani/La Opala minor increases (0.05-5.46%), positive signals in smallcaps, avg +0.5-6% holdings
Watch List(8)
May 2, 2026 shareholder vote on Sesa Care amalgamation scheme per NCLT Mar 12 order
Post-NOC for AFSL merger, monitor remaining regulatory nods for completion timeline
Worldnext Realty 60% stake payment extension to Dec 31, 2026; track FY26 target turnover recovery
Q1 FY27 completion of ₹253Cr sub infusions; watch Vizag revenue turnaround post-8.4% decline
Post large sales (27-29% holdings), monitor further disposals or Q1 FY27 earnings for conviction
SAST Reg 29(1)/(2) from Shreans/Varun Daga Trusts; await quantitative disclosures on stake size/intent
29.35% promoter encumbrance for ₹65Cr debentures; track sub India Insure growth metrics FY27
Genesis Exports +0.03% to 66.15%; watch for more buys or SAST threshold crosses
Filing Analyses(50)
30-03-2026
Pradeep Kumar Jain HUF, Chakresh Kumar Jain HUF, and Yogesh Kumar Jain HUF (Transferors) disposed of an aggregate 1,96,08,000 equity shares of PNC Infratech Limited through off-market transfers to Meena Jain, Chakresh Kumar Jain, Madhavi Jain, and Ashita Jain (Transferees), all members of the promoter group, pursuant to partition of the Transferors. Post-transaction, individual holdings among Transferees increased (e.g., Madhavi Jain from 7.02% to 9.84%), while Transferors' holdings went to zero, but the total promoter and promoter group shareholding remains unchanged at 56.07% (14,38,41,000 shares). The transaction occurred on March 28, 2026, with no impact on total equity share capital of 25,65,39,165 shares (₹51,30,78,330).
- ·Mode of transfer: off-market transfers inter-se among members of promoter group pursuant to partition of the Transferors.
- ·Disclosure filed with BSE (Scrip Code: 539150) and NSE (Symbol: PNCINFRA).
- ·No change in shares carrying voting rights, encumbrances, warrants, or convertible securities.
- ·Annexure lists additional promoter group members including Vaibhav Jain (8.72%), Yogesh Jain (6.55%), and NCJ Infrastructure Private Limited (9.65%) with unchanged holdings.
30-03-2026
PDS Limited, through its step-down subsidiaries, currently holds 93% equity in GoodEarth Lifestyle Limited (HK) and Progress Manufacturing Group Limited (HK), and proposes to acquire the remaining 7% stake in each for a nominal cash consideration of USD 2 (~₹188) to simplify shareholding, consolidate ownership, and facilitate ESOPs, subject to Hong Kong regulatory approvals. While consolidated turnover grew for both entities in FY2024-25—GoodEarth to ₹337.00 Cr (+43.5% YoY) and Progress to ₹450.93 Cr (+23.4% YoY)—historical trends show declines in prior years (e.g., GoodEarth -21% YoY in FY23-24, Progress -12.3% YoY in FY23-24), and both reported negative consolidated net worth of ₹(144.74) Cr and ₹(247.38) Cr as of March 31, 2025. Standalone performance was mixed with negative PAT of ₹(4.25) Cr and ₹(7.30) Cr.
- ·Transaction approved on March 30, 2026; transfer documents executed and filed with Hong Kong authorities.
- ·Proposed acquisition is a related party transaction conducted on arm's length basis; no interest from promoter/promoter group/group companies.
- ·Principal business: manufacturing and trading in apparel industry.
- ·No governmental or regulatory approvals required beyond Hong Kong authorities.
30-03-2026
Lloyds Metals and Energy Limited (LMEL) completed the acquisition of 100% equity in CHEMAF Group through its step-down subsidiary Virtus Lloyds Minerals Holding (VLMH), where LMEL's wholly-owned subsidiary LGRF holds 49%, for up to USD 30 Million. CHEMAF, a copper and cobalt mining and processing company in DRC, has current capacity of 20,000 TPA Copper Cathodes and 4,000 TPA Cobalt at Etoile facility, with expansion to 50,000 TPA Copper and 16,000 TPA Cobalt at Mutoshi, contributing to LMEL Group's expected DRC total of 100,000 TPA Copper and 20,000 TPA Cobalt. While CHEMAF's CY2025 turnover was 154 Million USD, its turnover was Nil in CY2022-2024.
- ·CHEMAF Group incorporated on 20th October 2005
- ·DRC Ministry of Mines approved change of control in CHEMAF
- ·Previous disclosure: 50% equity in Nexus Holdco FZCO on 16th January 2026, with Surya Mines operations commenced March 2026
- ·Surya Mines current production 30-33 TPD (~12,000 TPA) copper cathodes, pathway to 30,000 TPA
- ·CHEMAF holds 50+ mining permits and exploration licenses in DRC
- ·Acquisition aligns with non-Chinese supply chains for energy transition minerals
30-03-2026
Promoter group members Meena Jain, Chakresh Kumar Jain, Madhavi Jain, and Ashita Jain (Transferees) acquired an aggregate of 1,96,08,000 equity shares of PNC Infratech Limited from Pradeep Kumar Jain HUF, Chakresh Kumar Jain HUF, and Yogesh Kumar Jain HUF (Transferors) via off-market transfers pursuant to partition on March 11, 2026. Individual holdings increased (e.g., Madhavi Jain from 7.02% to 9.84%), but total promoter and promoter group shareholding remained flat at 14,38,41,000 shares or 56.07%. Total diluted share/voting capital post-transaction is 25,65,39,165 equity shares of INR 2 each, amounting to INR 51,30,78,330, with no change in public float or encumbrances.
- ·Disclosure filed on March 30, 2026 under Regulation 29(2) of SEBI Takeover Regulations.
- ·Mode of acquisition: Off-market transfers inter-se among promoter group members pursuant to partition of Transferors.
- ·No shares encumbered, no warrants/convertible securities, no voting rights changes outside shares.
- ·Other promoter group holdings unchanged (e.g., Vaibhav Jain at 8.72%, NCJ Infrastructure Private Limited at 9.65%).
30-03-2026
Promoter Vurakaranam Ramakrishna of IIRM Holdings India Limited, holding 39190452 shares (57.51% of total share capital), executed a Non-Disposal Undertaking on 20000000 equity shares (29.35% of total share capital, 51.03% of his holding) dated March 28, 2026, in favor of Axis Trustee Services Limited. This encumbrance secures Senior, Unrated, Redeemable, Secured Non-Convertible Debentures of ₹65,00,00,000 issued by the company's material wholly-owned subsidiary, India Insure Risk Management and Insurance Broking Services Private Limited, with a security cover value of ₹161,66,00,000 (ratio 2.49). The funds are intended for organic and inorganic growth of the subsidiary.
- ·Encumbrance creation date: March 28, 2026; disclosure date: March 30, 2026
- ·Security cover ratio (A/B): 2.49 (required: 2x)
- ·Encumbrance exceeds 50% of promoter shareholding and 20% of total share capital
30-03-2026
BSE received a disclosure from Orbit Exports Ltd (512626) under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, pertaining to Shreans Daga Family Trust on March 30, 2026. This indicates a substantial acquisition or change in shareholding by the trust, potentially involving promoter stake activity. No quantitative details such as share count, percentage change, transaction value, or deal structure were disclosed.
30-03-2026
Siddhi Power Limited disclosed under SEBI Regulation 29(2) the sale of its entire 2.29% stake (58,35,713 shares) in Suncare Traders Limited (BSE: 539526) between March 25-27, 2026, reducing its holding from 58,35,713 shares to zero; it is not part of the promoter/promoter group. The transaction mode was open market/off-market, with no change in the target company's total equity capital of Rs. 51,00,00,000 divided into 25,50,00,000 shares of Rs. 2 each. No warrants, convertible securities, or encumbrances were involved.
- ·Disclosure submitted to BSE on March 27, 2026; filing reference date March 30, 2026.
- ·No shares in encumbrance, voting rights otherwise than by shares, or convertible securities involved.
- ·Siddhi Power Limited does not belong to promoter/promoter group.
30-03-2026
BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Chirayu Agrawal pertaining to Annvrridhhi Ventures Ltd (538539). This filing signals an intention to acquire shares that may result in crossing substantial acquisition thresholds under SAST. No details on deal structure, valuation, share count, percentage changes, or financial metrics are disclosed.
30-03-2026
Atul Auto Ltd (BSE: 531795) has made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by the Exchange, pertaining to Hiren Vasantrai Patel. This filing signals an intention to acquire shares in Atul Auto Ltd that could cross substantial acquisition thresholds under SAST. No details on deal size, shareholding changes, valuation, or transaction structure were provided in the filing.
30-03-2026
BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shakuntala Devi Gupta related to G R Infraprojects Ltd (543317). No details on deal structure, shareholding changes, transaction size, or impact are provided in the filing. This is a regulatory compliance notice with no quantitative or strategic information disclosed.
30-03-2026
Kiran Poddar, on behalf of the Promoter/Promoter Group of Mayur Uniquoters Limited, disclosed the acquisition of 9,068 equity shares (face value Rs. 5 each) on March 27, 2026, via open market purchase through the stock exchange. This marginally increased the total Promoter/Promoter Group holding from 25,529,365 shares (58.75% of 43,452,600 total equity shares) to 25,538,433 shares (58.77%). The transaction had no impact on other voting rights, encumbrances, warrants, or convertible securities.
- ·Disclosure filed pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
- ·No shares encumbered (pledge/lien/non-disposal undertaking).
- ·No changes in voting rights otherwise than by equity shares, warrants, or convertible securities.
30-03-2026
Orbit Exports Ltd (512626) has filed a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE from Varun Daga Family Trust. This filing indicates an initial disclosure for acquisition of shares resulting in crossing the 5% shareholding threshold or further acquisitions thereafter. No specific details on shareholding percentages, transaction value, deal structure, or financial metrics are provided in the filing.
30-03-2026
Vimla Inani, a member of the promoter group, acquired 10,000 equity shares of Inani Marbles & Industries Ltd. on March 27, 2026, through the open market. This increased the holding of Vimla Inani along with persons acting in concert (PACs) from 8,33,962 shares (4.47% of total equity share capital) to 8,43,962 shares (4.53%). Total equity share capital / voting capital before and after the acquisition remains unchanged at 3,72,00,000 shares.
- ·No encumbrances (pledge/lien/non-disposal undertaking) before, during, or after acquisition
- ·No voting rights otherwise than by equity shares or warrants/convertible securities held
- ·Disclosure filed with BSE Limited under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
- ·Filing date: March 30, 2026
30-03-2026
Alt-Attitude Advisors LLP disclosed under SEBI Takeover Regulations 29(2) the acquisition of 18,60,000 shares in Kati Patang Lifestyle Limited via allotment pursuant to conversion of warrants on February 21, 2026, increasing its holding from 5.12% to 8.18% of the total diluted share/voting capital. Combined with PAC Amitoj Arya, their total holding rose from 9.36% to 11.98%, with no encumbrances or other voting rights changes noted. The equity share capital remained unchanged at Rs. 41,33,32,800/- before and after the transaction.
- ·Mode of acquisition: Allotment of Fully Paid Equity Shares pursuant to Conversion of warrants.
- ·Disclosure dated February 25, 2026, and filed with BSE Limited.
- ·Acquirer not part of Promoter/Promoter group.
- ·No shares in encumbrance, no other voting rights or convertible instruments post-acquisition.
30-03-2026
BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Yash Innoventures Ltd (523650) pertaining to Gnanesh Rajendrabhai Bhagat & PACs. No details on acquisition size, valuation, shareholding changes, or transaction structure are disclosed in the filing. This is an informational SAST pre-acquisition intention disclosure with no quantitative metrics provided.
30-03-2026
Sachin Govindlal Modi, a non-promoter shareholder, disclosed under SEBI Regulation 29(2) the open market sale of 1050000 shares (0.48% of total capital) in Padam Cotton Yarns Ltd on March 30, 2026, reducing his voting rights holding from 6027448 shares (2.75%) to 4977448 shares (2.27%). The company's total equity share capital remained unchanged at 219470000 shares. This transaction represents a decline in his stake with no other changes in encumbrances, warrants, or convertible securities.
- ·Scrip Code: 531395
- ·Mode of transaction: Open market
- ·Acquirer not part of Promoter / Promoter group
- ·No shares encumbered, no warrants/convertible securities held
30-03-2026
Promoter Abhishek Asit Javeri of Sadhana Nitro Chem Limited disclosed the open-market sale of 73,800,000 shares (2.49% stake) on March 27, 2026, reducing his voting rights holding from 894,526,377 shares (30.17%) to 820,726,377 shares (27.68%). This substantial disposal was filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 on March 30, 2026. No shares were encumbered, and the company's total equity share capital remains Rs. 296,46,94,385.
- ·Mode of acquisition/sale: Open Market
- ·Scrip Code (BSE): 506642
- ·Symbol (NSE): SADHNANIQ
- ·No warrants, convertible securities, or encumbrances held before or after
- ·Disclosure signed in Mumbai on March 30, 2026
30-03-2026
Best Eastern Hotels Ltd (508664) has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, received by BSE on March 30, 2026, pertaining to Vinaychand Kothari. This regulation requires prior intimation of intention to acquire shares that may result in substantial shareholding (25% or more voting rights). No details on deal structure, size, valuation, shareholding changes, or transaction specifics are provided in the filing.
30-03-2026
BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Urvashi Tilakdhar pertaining to DCM Shriram Industries Ltd (523369). No details on the transaction type (acquisition or disposal), share count, percentage change, valuation, or financial terms are provided in the filing. This is purely an informational SAST compliance disclosure with no quantitative data or strategic rationale mentioned.
30-03-2026
Promoter Asit Dhankumar Javeri of Sadhana Nitro Chem Limited disclosed under SEBI (SAST) Regulation 29(2) the open-market sale of 72,698,864 equity shares (2.45% stake) on March 27, 2026, reducing his voting rights holding from 932,119,734 shares (31.44%) to 859,420,870 shares (28.99%). The company's equity share capital remains unchanged at Rs. 296,46,94,385. This promoter stake reduction provides no positive metrics and may concern investors regarding insider confidence.
- ·Disclosure filed on March 30, 2026 to BSE (Scrip Code: 506642) and NSE (Symbol: SADHNANIQ).
- ·No shares encumbered, no warrants or convertible securities held.
- ·Total diluted share/voting capital after transaction: Rs. 296,46,94,385.
30-03-2026
The Board of HealthCare Global Enterprises Limited approved investments of up to ₹98 Crore in wholly-owned subsidiary HCG NCHRI LLP to repay borrowings and up to ₹155.66 Crore (per Share Purchase Agreement dated June 28, 2024, as amended) for acquiring an additional 34% stake in subsidiary Vizag Hospital and Cancer Research Centre Pvt Ltd, increasing ownership to 85%. HCG NCHRI LLP demonstrated strong revenue growth from ₹51.40 Crore in FY23 to ₹71.78 Crore in FY24 (+39.7% YoY) and ₹89.80 Crore in FY25 (+25.1% YoY), with PAT of ₹17.02 Crore in FY25. However, Vizag Hospital's revenue declined to ₹110.14 Crore in FY25 from ₹120.21 Crore in FY24 (-8.4% YoY), despite PAT of ₹18.79 Crore.
- ·HCG NCHRI LLP incorporated September 03, 2014; operates in Nagpur; no regulatory approvals required; completion expected Q1 FY2027.
- ·Vizag Hospital incorporated March 05, 1986; registered office in Visakhapatnam, Andhra Pradesh; related party transaction on arm's length basis; investments funded from rights issue approved February 24, 2026.
- ·Board meeting held March 30, 2026, from 01:45 p.m. to 03:40 p.m. IST.
30-03-2026
Bhupinder Kumar Sekhri transferred 54,04,730 equity shares (30%) of Tinna Rubber and Infrastructure Limited to Sekhri Family Annuity Trust via off-market inter-se promoter group transfer on March 26, 2026, without consideration, pursuant to SEBI exemption order WTM/KCV/CFD/27/2025-26 dated March 24, 2026. His personal holding decreased from 90,20,786 shares (50.07%) to 36,16,056 shares (20.07%), while the Trust's holding increased from 11,341 shares (0.06%) to 54,16,071 shares (30.06%). Total promoter/promoter group shareholding remains unchanged at 1,21,75,126 shares (67.59%), with no impact on public shareholding (32.41%) or overall control.
- ·Transaction mode: Off-market inter-se transfer between promoter and promoter group
- ·SEBI SAST Regulations disclosure under Regulation 29(2)
- ·No persons acting in concert with acquirer for this transaction
- ·Trust settled under Indian Trusts Act, 1882 via deed dated April 24, 2024
- ·No encumbrances on shares before, during, or after transfer
30-03-2026
Sekhri Family Annuity Trust, a promoter group entity, acquired 54,04,730 equity shares (30%) of Tinna Rubber and Infrastructure Limited from Mr. Bhupinder Kumar Sekhri on March 26, 2026, via an off-market inter-se transfer without consideration, pursuant to a SEBI exemption order dated March 24, 2026. The Trust's holding increased from 11,341 shares (0.06%) to 54,16,071 shares (30.06%), while Mr. Sekhri's holding decreased from 90,20,786 shares (50.07%) to 36,16,056 shares (20.07%); total promoter group shareholding remains unchanged at 67.59%. This transaction is part of family estate and succession planning with no impact on public shareholding (32.41%) or overall control.
- ·SEBI exemption order reference: WTM/KCV/CFD/27/2025-26 dated March 24, 2026, under Sections 11(1), 11(2)(h), and 11(5) of SEBI Act read with Regulation 11(5) of SEBI SAST Regulations.
- ·Trust settled under Indian Trusts Act, 1882 via deed dated April 24, 2024; irrevocable, discretionary, private trust for family members.
- ·No persons acting in concert with the Acquirer for this acquisition.
- ·Disclosure filed in compliance with Regulation 29(2) of SEBI SAST Regulations.
30-03-2026
Ashoka Buildcon Limited was allotted 66,50,000 equity shares of Rs.10/- each aggregating Rs.6.65 Crore by its wholly owned subsidiary Ashoka Infrastructure Limited (AIL) under a rights issue on March 30, 2026, with post-allotment holding increasing to 3,30,50,000 shares. AIL, focused on infrastructure projects like roads and BOT basis developments, reported FY24-25 total income of Rs.1,381.15 Lakh, a significant rise from Rs.0.67 Lakh in FY23-24; however, its net worth remained negative at Rs.(5,001.04) Lakh, an improvement from Rs.(6,731.44) Lakh but still indicative of ongoing losses.
- ·AIL incorporated on July 11, 2002, in Mumbai, India.
- ·No governmental or regulatory approvals required.
- ·Transaction at arm's length; no promoter/promoter group interest beyond existing ownership.
- ·AIL continues as 100% wholly owned subsidiary post-allotment.
30-03-2026
Tuticorin Energy LLP, a member of the promoter group, acquired 12,00,000 equity shares (1.25% of the equity share capital) from promoters Kalpathi S Aghoram, Kalpathi S Ganesh, and Kalpathi S Suresh (4,00,000 shares each) on March 27, 2026, through inter-se off-market transfers as part of an internal restructuring exercise. This resulted in each seller's voting shareholding decreasing from approximately 7.65% to 7.23% (a reduction of about 0.42 percentage points each), while their total holdings including encumbrances fell from around 11.1% to 10.7%. The overall promoter and promoter group shareholding remained unchanged at 33.96%.
- ·Disclosure filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
- ·Share Purchase Agreement (SPA) dated March 27, 2026.
- ·Shareholding pattern reference: quarter ended December 31, 2025.
- ·Transaction mode: inter-se transfers among promoters and promoter group via off-market.
30-03-2026
Swashthik Plascon Ltd (BSE: 544035) has made a disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE, pertaining to Krupa. This filing indicates a substantial acquisition of shares event but provides no details on deal structure, valuation, shareholding changes, or financial impact. No quantitative metrics, parties beyond Krupa, or timelines are disclosed.
30-03-2026
Ajanta Soya Ltd (BSE: 519216) has made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The disclosure is for CKG Family Trust. No quantitative details such as shareholding percentages, transaction volumes, or financial impacts are provided in the filing.
30-03-2026
Surplus Finvest Private Limited, a promoter of Future Market Networks Limited, converted 30,00,000 warrants into equity shares on March 27, 2026, increasing its voting rights shares from 32,45,494 (5.35% of total share capital) to 62,45,494 (9.81%). However, warrants held decreased from 95,00,000 (10.55% diluted) to 65,00,000 (7.21% diluted), maintaining total potential holding at 1,27,45,494 shares (14.15% diluted). This raised the company's equity share capital from 6,06,44,381 shares (Rs. 60,64,43,810) to 6,36,44,381 shares (Rs. 63,64,43,810), with diluted capital at 9,00,44,381 shares (Rs. 90,04,43,810).
- ·Disclosure filed on March 30, 2026 under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
- ·Warrants convertible anytime within 18 months from issuance on payment of balance 75% consideration
- ·Surplus Finvest CIN: U99999MH1995PTC092092, PAN: AAFCS0533G
- ·Face value of equity shares: Rs. 10 each
30-03-2026
Ashapura Industrial Finance Limited, a promoter/promoter group entity, sold 80,000 equity shares (0.08%) of Ashapura Minechem Limited on March 27, 2026, via open market transaction, reducing its holding from 1,70,35,819 shares (17.83%) to 1,69,55,819 shares (17.75%). No other changes in encumbrances, voting rights, or convertible instruments were reported. The total equity share capital of Ashapura Minechem Limited remains unchanged at 9,55,26,098 shares of Rs. 2 each.
- ·Disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011
- ·Mode of sale: Open Market
- ·Scrip Codes: BSE 527001, NSE ASHAPURMIN
- ·Seller CIN: U24100MH2008PLC178587
- ·No shares encumbered, no additional voting rights or convertible instruments
30-03-2026
Vimla Inani, a promoter of Inani Marbles & Industries Ltd., disclosed the acquisition of 10,000 equity shares (0.05% of total capital) on March 27, 2026, via open market purchase. This increased her shareholding from 833962 shares (4.47%) to 843962 shares (4.53%), with total equity share capital remaining at 37200000 shares. No changes in encumbrances, voting rights, or convertible securities were reported.
- ·Mode of acquisition: Open market
- ·No shares encumbered, no additional voting rights or convertible securities
- ·Disclosure filed on March 30, 2026, to BSE Limited
30-03-2026
BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Genesis Exports Pvt Ltd and its PACs pertaining to La Opala RG Limited. This indicates the disclosing parties' intention to undertake acquisitions or disposals of shares resulting in an aggregate change of 2% or more in their shareholding. No quantitative details such as deal size, share count, percentage stake, valuation, or transaction structure are provided in the filing.
30-03-2026
Ashwani Khemka, Managing Director (DIN: 00337118) and promoter of Sanjivani Paranteral Limited, disclosed the acquisition of 6,451 equity shares (0.05% of total share capital) on March 27, 2026, via conversion of warrants under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This increased his shareholding from 36,25,651 shares (29.51%) to 36,32,102 shares (29.57%). The total equity share capital before and after remains ₹12,28,43,000 (1,22,84,300 shares of ₹10 each).
- ·Disclosure filed on March 30, 2026, pursuant to Regulation 29(2) of SEBI (SAST) Regulations, 2011
- ·Mode of acquisition: Allotment of equity shares on conversion of warrants
- ·No shares encumbered, no other voting rights or convertible securities held by acquirer
30-03-2026
Lalit Agrawal (HUF), part of the Promoter Group of Glen Industries Limited, acquired 21,600 equity shares worth ₹13,41,000 at ₹62.08 per share on March 30, 2026, from public shareholders. This transaction increased the aggregate Promoter and Promoter Group shareholding marginally from 73.43% to 73.52% of the total paid-up equity share capital. The acquisition complies with SEBI's minimum public shareholding requirements.
- ·Symbol: GLEN, ISIN: INE0UMC01019, Series – EQ
- ·Acquisition carried out at prevailing market price ensuring compliance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 minimum public shareholding norms
30-03-2026
AGI Infra Limited's Board of Directors, at its meeting on March 30, 2026, approved an extension of the payment period for acquiring 60% stake in Worldnext Realty LLP (LLPIN: AAX-0360) from March 31, 2026, to December 31, 2026, at a cost of ₹30,00,00,000. The target LLP, focused on construction and real estate development, reported turnover of ₹3,21,42,054 in FY2025, a sharp decline from ₹11,50,41,000 in FY2023 after plummeting to ₹4,83,470 in FY2024. The acquisition is a cash transaction, not a related party deal, with completion by December 31, 2026.
- ·Worldnext Realty LLP incorporated on May 15, 2021, with registered office at Block D Hambran Road, New Kitchlu Nagar, Ludhiana, Punjab.
- ·Previous disclosures on investment dated August 28, 2025 and March 12, 2026.
- ·No governmental or regulatory approvals required.
- ·Acquisition industry: Construction and Real Estate Development.
30-03-2026
Arihant Capital Markets Limited (ACML) has received a No Objection Certificate (NOC) from the Reserve Bank of India (RBI) for the proposed Scheme of Amalgamation of Arihant Financial Services Limited (AFSL) with ACML. The scheme remains subject to applicable regulatory and other approvals. This disclosure is pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- ·ISIN: INE420B01036
- ·BSE Scrip Code: 511605
- ·NSE Symbol: ARIHANTCAP
- ·CIN: L66120MP1992PLC007182
30-03-2026
Patel Engineering Limited disclosed the transmission of 1,49,900 equity shares (0.02% of diluted share capital) from late Ms. Chandrika Patel (promoter group) to nominee Mr. Ryan Patel (also promoter group) on March 26, 2026, following her death on January 22, 2023, pursuant to release of pledge. This acquisition is exempt from open offer under Regulation 10(1)(g) of SEBI Takeover Regulations, with nil consideration. Mr. Ryan Patel's shareholding increased marginally from 90,000 shares (0.01%) to 2,39,900 shares (0.02%), representing no material change in promoter control.
- ·Exempt from open offer under Regulation 10(1)(g) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
- ·No prior disclosure required under Regulation 10(5).
- ·Shares to be dealt with in accordance with applicable succession laws.
- ·Filing dated March 30, 2026, to NSE and BSE.
30-03-2026
Magna Electro Castings Ltd. executed a Captive Power Agreement and Share Subscription & Shareholders Agreement with First Energy TN 1 Private Limited (FETN1PL) on March 30, 2026, investing Rs.39.60 Lakhs to acquire 3,96,000 equity shares (1.58% stake), increasing its holding from 6.25% (14,40,000 shares) to 7.83% to meet the 26% captive user shareholding requirement under the Electricity Act, 2003, for an additional 1.1 MWp solar power capacity. FETN1PL's turnover surged 353% YoY from Rs.186.32 lakhs in 2022-23 to Rs.845.27 lakhs in 2023-24; however, it grew only 1.2% YoY to Rs.855.46 lakhs in 2024-25, indicating flat recent performance.
- ·FETN1PL CIN: U40108PN2022PTC208074; Incorporated: 29th January, 2022
- ·FETN1PL operates in Energy Industry (Solar Power); develops captive and solar power plants on 'build own operate' basis
- ·Acquisition not a related party transaction; no promoter/group interest
- ·No governmental/regulatory approvals required
30-03-2026
Promoter Mr. Yash Vardhan Bhandari acquired 295000 shares of Hittco Tools Limited on 28.03.2026, increasing his shareholding from 118700 shares (1.93%) to 413700 shares (6.26%). The company's total equity share capital rose from 6159847 shares (₹6,03,60,470) to 6604847 shares (₹6,48,10,470). This disclosure is made under Regulation 29(1) of SEBI (SAST) Regulations, 2011.
- ·Disclosure filed on March 30, 2026, to BSE Limited.
- ·Acquirer PAN: ACVPY3047L.
- ·No warrants, convertible securities, or encumbrances reported.
- ·Mode of acquisition not specified in salient features.
- ·Total diluted share/voting capital after acquisition: not applicable (-).
30-03-2026
Fabtech Technologies Cleanrooms Limited has completed the proposed acquisition of shares in Advantek Air Systems Private Limited (Advantek), as disclosed to BSE Limited under Regulation 30 of SEBI LODR on March 30, 2026. This update follows an earlier intimation dated February 12, 2026. No financial details of the transaction were provided in the filing.
- ·Scrip code: 544332
- ·Scrip Symbol: FABCLEAN
- ·CIN: U74999MH2015PLC265137
30-03-2026
Ms. Janky Patel, nominee of late promoter Mr. Rupen Patel of Patel Engineering Limited, completed transmission of 13,52,600 equity shares on March 26, 2026, following pledge release, increasing her shareholding from 2,94,74,133 shares (2.97% of total share capital) to 3,08,26,733 shares (3.11%). The transaction, at nil consideration, is exempt from open offer requirements under Regulation 10(1)(g) of SEBI Takeover Regulations. This follows prior transmissions of 1,49,900 shares on September 13, 2024, and 2,92,83,433 shares on June 25, 2025.
- ·Mr. Rupen Patel passed away on July 05, 2024.
- ·Disclosure filed on March 30, 2026, under Regulation 10(6) of SEBI Takeover Regulations.
- ·No prior disclosure required under Regulation 10(5).
30-03-2026
AAYUSH ART AND BULLION LIMITED (formerly AKM Creations Limited) has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, enclosing details submitted by its promoter, M/s. Arhat Touch Private Limited. The filing notifies BSE Limited of a substantial acquisition of shares by the promoter. No specific quantitative details on shares acquired or financial impact were provided in the disclosure notice.
- ·CIN: L74110DL2009PLC196375
- ·Company Symbol: AAYUSHBULL, Script Code: 540718
- ·Filing Date: March 30, 2026
30-03-2026
Promoter Genesis Exports Private Limited, along with Persons Acting in Concert (PACs), acquired 25,000 equity shares of La Opala RG Limited on March 27, 2026, via open market purchase, marginally increasing their combined holding from 7,34,00,000 shares (66.13%) to 7,34,25,000 shares (66.15%). The total equity share capital remains unchanged at 111,000,000 shares of Rs 2 each. This disclosure is made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
- ·Individual PAC holdings unchanged: Ajit Jhunjhunwala (84,00,000 shares, 7.57%), Gyaneshwari Devi Jhunjhunwala (49,75,000 shares, 4.48%), Sushil Jhunjhunwala (40,50,000 shares, 3.65%), Shruti Kishorepuria (16,00,000 shares, 1.44%), Nidhi Jhunjhunwala (5,00,000 shares, 0.45%), Ishita Jhunjhunwala (7,00,000 shares, 0.63%), Abhyuday Jhunjhunwala (7,00,000 shares, 0.63%).
- ·No shares encumbered, warrants, or convertible securities held.
- ·Disclosure received by company on March 30, 2026.
30-03-2026
Aayush Art And Bullion Ltd (540718) has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received from Arhat Touch Pvt Ltd. This indicates Arhat Touch Pvt Ltd's intention to acquire shares in the company that may result in crossing the 25% holding threshold or further acquisitions beyond 25%. No specific details on deal size, shareholding percentages, valuation, or transaction terms are disclosed in the filing.
30-03-2026
BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Urvashi Tilakdhar pertaining to DCM Shriram Industries Ltd (BSE: 523369). The filing confirms a substantial acquisition or disposal of shares crossing SAST thresholds, but provides no quantitative details such as shares acquired, percentage change, pre/post holdings, or transaction value. This is an informational regulatory compliance filing with no disclosed financial or strategic context.
30-03-2026
Promoter Genesis Exports Private Limited acquired 25,000 equity shares of La Opala RG Limited on March 27, 2026, via on-market purchase on NSE, increasing its holding from 5,20,75,000 shares (46.91%) to 5,21,00,000 shares (46.94%). The transaction value was ₹43,72,002.50. Disclosure was intimated to the company on March 30, 2026, pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015.
- ·ISIN: INE059D01020
- ·Acquisition date: 27-03-2026
- ·Intimation date to company: 30-03-2026
- ·Trade executed on: NSE (on market)
- ·Genesis Exports CIN: U26919WB1981PTC033906
- ·No trading in derivatives
30-03-2026
Asian Warehousing Limited disclosed under Regulation 10(7) of SEBI (SAST) an inter-se transfer of 4,99,000 equity shares from promoter Mr. Bhavik Bhimjyani to promoter Mrs. Rekha Rashmi Bhimjyani (his mother) via gift on March 06, 2026, at Rs. 0 per share. Rekha's holding increased from 351335 shares (10.07%) to 850335 shares (24.38%), while Bhavik's decreased from 504173 shares (14.46%) to 5173 shares (0.15%), with aggregate promoter and promoter group shareholding unchanged. The transaction is exempt under Regulation 10(1)(a)(i) as between immediate relatives.
- ·Acquisition executed off-market as gift; price per share Rs. 0.
- ·Prior disclosures filed with BSE on December 02, 2025 (Reg 10(5)) and March 09, 2026 (Reg 10(6) & 29(2)).
- ·SEBI fee remitted on March 27, 2026 vide UTR YESB60865156736.
- ·Scrip Code: 543927; CIN: L52100MH2012PLC230719.
30-03-2026
Promoter Urvashi Tilakdhar increased her shareholding in DCM Shriram Industries Ltd. (INE843D01027) from 5889611 shares (6.77%) to 8434484 shares (9.70%) via an off-market transfer on 18/08/2026, with intimation received on 25/03/2026. The transaction involved a net acquisition of 2544873 shares (2.93% stake increase), including transfers of 1271313 shares to daughter Aditi Dhar and 1273560 shares to son Akshay Dhar. No declines in holdings reported.
- ·PAN: AAHPD8762D
- ·Address: 27, Sardar Patel Marg, New Delhi - 110021
- ·Mode of acquisition: Off-Mkt. transfer
- ·Date of intimation receipt: 25/03/2026
- ·Filing date: March 30, 2026
30-03-2026
Varsha Inani, a promoter of Inani Marbles & Industries Ltd., disclosed the acquisition of 10,000 equity shares (0.05% of total) on March 27, 2026, via open market purchase, increasing her along-with-PAC holding from 5,84,375 shares (3.14%) to 5,94,375 shares (3.19%). The company's total equity share capital / voting capital remains unchanged at 3,72,00,000 shares. This is a minor stake increase with no other changes in encumbrances, warrants, or convertible securities.
- ·Disclosure filed on March 30, 2026, under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
- ·No shares in encumbrance, no voting rights outside equity shares, no warrants or convertible securities held.
- ·Mode of acquisition: Open market.
- ·Scrip Code: 531129; Security ID: INANI.
30-03-2026
Dabur India Limited has issued a notice for a meeting of its equity shareholders on May 02, 2026, at 11:00 A.M. IST via VC/OAVM, as directed by the NCLT New Delhi Bench in its order dated March 12, 2026, to consider and approve the proposed Scheme of Amalgamation with Sesa Care Private Limited. The notice, explanatory statement, and annexures are being circulated electronically to registered email IDs or via physical letters with weblinks and QR codes for those without registered emails. This follows prior intimations dated March 13, 2026, December 05, 2025, and May 26, 2025.
- ·NCLT Company Application No. (CAA) – 1(ND)/2026.
- ·Notice available on company website: https://www.dabur.com/Investors/Investor%20Information/schemaofarrangement/Notice%20of%20Equity%20Shareholders%20Meeting.pdf.
- ·Also available on BSE (www.bseindia.com), NSE (www.nseindia.com), and NSDL (https://www.evoting.nsdl.com).
30-03-2026
Urvashi Tilakdhar, a promoter of DCM Shriram International Ltd., increased her shareholding from 5889611 shares (6.77%) to 8433984 shares (9.70%) via an off-market transfer executed on 18/08/2026, with intimation received by the company on 25/03/2026. The net acquisition amounted to 2544373 shares, comprising a gross of 2544873 shares (2.93%) followed by transfers of 1270813 shares to daughter Aditi Dhar and 1273560 shares to son Akshay Dhar. No declines in holdings were reported.
- ·PAN: AAHPD8762D
- ·Address: 27, Sardar Patel Marg, New Delhi - 110021
- ·Mode of acquisition: Off-Market transfer
- ·Date of receipt of intimation: 25/03/2026
- ·Filing Date: March 30, 2026
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