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India Merger Acquisition MCA Regulatory Filings — April 01, 2026

India MCA Merger & Acquisition Tracker

2 high priority48 medium priority50 total filings analysed

Executive Summary

Across 50 MCA/SEBI filings in the India M&A Tracker (April 1, 2026), dominant themes include internal restructurings via mergers/amalgamations/demergers (e.g., Adani Enterprises, Prima Plastics, Lancor Holdings), promoter insider activity signaling conviction or liquidity needs, and strategic acquisitions/investments in pharma, infra, and media sectors. Period-over-period trends show mixed acquired entity performance: 4/6 with YoY data reported declines (e.g., Madhuveer target -1.4% FY25 vs FY24, Lupin MPPI -10.8% FY25 vs FY24, Prime Focus PFT US -15.3% FY25 vs FY24), but upturns in earlier years; no broad margin compression evident due to sparse financials. Positive catalysts cluster around scheme effectiveness (Adani group, Adani Ports) and international expansions (Avanti Feeds Ecuador, Lexoraa HK). Promoter buys/warrants in 6 firms (e.g., ALKOSIGN +1.34%, Senores +1.34% diluted) indicate conviction, offset by heavy sells (Aditya Infotech -13.62%) and rising pledges (IndusInd Bank 6.45% new, Hi-Klass +2.86%). Portfolio-level: Small-cap promoter accumulation contrasts large-cap encumbrances; pharma/infra M&A bullish amid neutral disclosures (26/50). Implications: Watch Adani catalysts for near-term volatility, favor promoter-buying small caps for alpha.

Tracking the trend? Catch up on the prior India Merger Acquisition MCA Regulatory Filings digest from March 26, 2026.

Investment Signals(12)

  • Madhuveer Com 18 Network (JOJO)(BULLISH)

    Internal slump sale acquisition of media business (turnover slight YoY decline -1.4% FY25 to ₹2.6Cr but +41.8% from FY23), no cash outflow via loan adjustment, completes by Jun 30 2026

  • Promoter Vipul Thakkar bought 40,300 shares open market Mar 30, +0.04% voting rights to 20.43%, encumbrance stable at 0.73%

  • Completed Kenalog® acquisition from BMS, bolsters US/EU/APAC hospital generics portfolio

  • Board approved USD 3M (10% stake) in new Ecuador aquaculture JV with Thai Union, no approvals needed

  • Promoters allotted 11.7L warrants preferential Mar 28, +1.34% diluted holding to 47.16%

  • Non-promoter Ecomatix acquired 37L shares preferential Mar 18, stake +33.72% to 34.89% equity, capital doubled

  • ALKOSIGN(BULLISH)

    Promoters/PAC bought 1.45L shares open market Nov25-Mar26 (+1.34% to 44.57%), led by Samir Shah

  • Emami(BULLISH)

    SPA for 73.5% Axiom Ayurveda (associate to subsidiary), 36.7% tranche1 completed Apr1, tranche2 by Jun2026

  • Promoter trust sold 1.6Cr shares (13.62%) inter-se Mar27, holding -13.62% to 31.54%

  • Hubtown(BEARISH)

    Promoter HUF pledge invoked on 17.1L shares (1.20%) Mar27, encumbrance -1.20% to 5.28% but still high

  • Lupin (MPPI)(BEARISH)

    Acquired 43.38% minority for ≤USD39.6M, but target turnover -10.8% YoY FY25 to PHP2.1B

  • Internal restructuring of PFT US (turnover -15.3% YoY FY25 to USD10.6M, after -7.1% prior), despite 2.51% consol contrib

Risk Flags(9)

  • Family trust dumped 13.62% stake inter-se Mar27, holding plunges to 31.54% from 45.16%, signals potential control dilution

  • Promoter HUF pledge invoked 1.71M shares (1.20%) Mar27 for Edelweiss loan, enc down to 5.28% but multi-promoter pledges persist (e.g., 3.17% Vyomesh Shah)

  • Promoters pledged 5.03Cr shares (6.45%) Mar27 for ₹30.6B refinancing, >50% of 15.08% holding

  • Promoter Nico LLP new pledge 8.63L shares (2.86%) Mar30, total enc +2.86% to 6.62% of 22.7% holding

  • V2 Retail/Pledge[MEDIUM RISK]

    Promoter group Ricon new pledge 33.5L shares (0.91%) Mar30 on unencumbered holding (35.28%)

  • Promoter Docon 60.93% shares unchanged pledged for API debentures (outstanding ₹10.8B post partial redemption Mar30)

  • 100% New Nexus FZCO acquisition delayed to Jun30 2026 from Mar31 due to geopolitical/regulatory issues

  • Lupin MPPI/Decline[MEDIUM RISK]

    Target pharma turnover -10.8% YoY FY25 (PHP2.1B vs 2.35B), despite full ownership by May2026

  • Prime Focus PFT US/Decline[MEDIUM RISK]

    Acquired entity turnover -15.3% YoY FY25 (USD10.6M), -7.1% prior year

Opportunities(10)

Sector Themes(6)

  • Pharma M&A Momentum(BULLISH SECTOR)

    4/50 filings (Piramal, Lupin x2, Senores) show acquisitions/warrants; mixed YoY (MPPI -10.8%) but portfolio builds (US/EU/Philippines), avg materiality 8/10, bullish for generics/hospital

  • Infra/Ports Restructuring(BULLISH SECTOR)

    Adani group (Enterprises x3, Ports) schemes effective/sanctioned Apr1, internal amalgamations streamline ops, high materiality 8-9/10, record dates Apr14 signal near-term catalysts

  • Promoter Stake Builds in Small Caps(BULLISH SMALL CAPS)

    6 firms (Silver Touch +0.04%, Senores +1.34%, ALKOSIGN +1.34%, Raconteur +33.72%, Smartworks minor) vs sells (Aditya -13.62%), conviction in media/tech/pharma

  • Rising Pledges/Encumbrances(BEARISH FINANCIAL HEALTH)

    7/50 (Hubtown invoke -1.2%, IndusInd new 6.45%, Hi-Klass +2.86%, V2 0.91%, Thyrocare stable 60.93%) for loans/refinancing, signals liquidity stress in banks/realty/retail

  • Internal Group Mergers/Demergers(NEUTRAL RESTRUCTURING)

    8/50 (Adani, Prima Plastics, Lancor, Veefin observation, Choice shell, Prime Focus transfer) with NIL/low turnover targets, low cash impact but efficiency gains

  • Acquired Entities Weak Trends(CAUTION ACQUISITIONS)

    5/6 YoY data points declines (avg -9%, Madhuveer -1.4%, MPPI -10.8%, PFT US -15.3%), but strategic (e.g., IP consol Madhuveer), watch post-integration

Watch List(8)

Filing Analyses(50)
Madhuveer Com 18 Network LimitedMerger/Acquisitionpositivemateriality 7/10

01-04-2026

The Board of Madhuveer Com 18 Network Limited (now JOJO Limited) approved the acquisition of the Media and Entertainment Production Business (including JOJO Platform) from its wholly-owned subsidiary Navkar Events Private Limited via slump sale for a lump sum consideration of ₹1,00,000, primarily settled by adjusting outstanding loans with no material cash outflow. This strategic internal restructuring aims to enhance operational efficiencies, consolidate IP and content assets under the listed entity, and strengthen positioning as a digital-first media platform. The target's turnover showed a slight YoY decline to INR 2,59,93,035 in FY 2024-25 from INR 2,63,19,781 in FY 2023-24, though up significantly from INR 1,83,84,298 in FY 2022-23.

  • ·Transaction expected to complete on or before 30th June, 2026
  • ·No governmental or regulatory approvals required
  • ·Valuation report issued by Nitin Pahilwani dated 31st March, 2026, based on 31st December 2025 valuation
  • ·Navkar Events Private Limited incorporated on 03/07/2014
  • ·Transaction at arm's length and qualifies as material related party transaction due to common promoter/director
Kotyark Industries LtdMerger/Acquisitionneutralmateriality 2/10

01-04-2026

Gaurang R Shah HUF, part of the promoter group of Kotyark Industries Limited, sold 1,383 equity shares (0.01% of total share capital) on March 27, 2026, via an open market transaction, as disclosed under SEBI Regulation 29(2). This reduced the HUF's holding from 3,48,552 shares (3.39%) to 3,47,169 shares (3.38%), with the total promoter group (PACs) holding marginally declining from 65,63,574 shares (63.85%) to 65,62,191 shares (63.84%). The change is negligible and does not impact control.

  • ·Key individual holdings before transaction: Gaurang Rameshchandra Shah (51,66,135 shares, 50.26%), Bhaviniben Gaurang Shah (8,83,887 shares, 8.60%), Brijkumar Gaurang Shah (97,500 shares, 0.95%), Vandan Gaurang Shah (67,500 shares, 0.66%)
  • ·All other listed PACs hold 0 shares
  • ·Disclosure submitted on March 31, 2026; ISIN: INE0J0B01017; NSE: KOTYARK; BSE: 544726
Aditya Infotech LimitedMerger/Acquisitionnegativemateriality 9/10

01-04-2026

Aditya Khemka Business Family Trust, part of the promoter group, sold 1,60,43,999 shares (13.62% w.r.t. total share/voting capital, 13.39% w.r.t. diluted capital) of Aditya Infotech Limited via inter-se transfer amongst promoters and relatives on March 27, 2026. This reduced their holding from 5,31,97,337 shares (45.16% total capital, 44.40% diluted) to 3,71,53,338 shares (31.54% total, 31.01% diluted). The disclosure was filed pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

  • ·ISIN: INE819V01029; NSE Scrip Code: CPPLUS; BSE Scrip Code: 544466
  • ·Mode of sale: Inter se Transfer of shares amongst Promoters and their immediate relatives
  • ·Disclosure signed on March 31, 2026, Place: Noida, Uttar Pradesh
  • ·Acquirer/PAC: Aditya Khemka Business Family Trust along with Concert PACs
  • ·No shares encumbered, no warrants/convertible securities involved
Silver Touch Technologies LimitedMerger/Acquisitionpositivemateriality 3/10

01-04-2026

Promoter Mr. Vipul Haridas Thakkar acquired 40,300 equity shares of Silver Touch Technologies Limited on an open market basis on March 30, 2026, marginally increasing his voting rights holding from 20.39% (25,861,330 shares) to 20.43% (25,901,630 shares) and total holding from 21.13% (26,789,460 shares) to 21.16% (26,829,760 shares). Encumbered shares remained unchanged at 9,28,130 (0.73%). The company's total equity share capital stands at Rs. 25,36,20,000 divided into 12,68,10,000 shares of Re. 2 each.

  • ·Disclosure filed on March 31, 2026 pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
  • ·Mode of acquisition: Open Market Purchase.
  • ·Acquirer is part of Promoter/Promoter group.
Bartronics India LimitedMerger/Acquisitionneutralmateriality 4/10

01-04-2026

BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Kinex India Pvt Ltd for Bartronics India Ltd (scrip: 532694). The filing provides no additional details on the nature, size, or terms of the acquisition. This is a mandatory regulatory disclosure indicating a potential change in substantial shareholding.

B.A.G Films and Media LimitedMerger/Acquisitionneutralmateriality 3/10

01-04-2026

B.A.G. Films and Media Ltd (532507) has disclosed receipt of a filing under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Skyline Tele Media Services Ltd. No details on deal structure, valuation, stake percentage, or financial terms are provided in the filing. This is purely an informational SAST disclosure indicating potential substantial acquisition activity.

Ganesh Consumer Products LimitedMerger/Acquisitionneutralmateriality 3/10

01-04-2026

Ganesh Consumer Products Limited (formerly Ganesh Grains Limited) disclosed the acquisition of equity shares by its Managing Director and promoter under Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015. The company enclosed Form C disclosure and forwarded it to BSE Limited and National Stock Exchange of India Limited on April 01, 2026. No details on the volume, value, or date of the acquisition were specified in the filing.

  • ·Filing reference: Regulation 7(2)(b) of SEBI (PIT) Regulations, 2015
  • ·Scrip Code: 544528; NSE Symbol: GANESHCP
  • ·CIN: L15311WB2000PLC091315
Piramal Pharma LimitedMerger/Acquisitionpositivemateriality 8/10

01-04-2026

Piramal Pharma Limited's step-down wholly owned subsidiary, Piramal Critical Care B.V., has completed the acquisition of Kenalog®, a branded commercial injectable product, and its associated brands from Bristol-Myers Squibb Company (BMS), as previously intimated on 28th January 2026. This transaction strengthens the Company's Complex Hospital Generics portfolio and reinforces its market presence in the United States, Europe, and Asia Pacific. No financial details or performance metrics were disclosed.

  • ·Disclosure under Regulation 30 of SEBI Listing Regulations
  • ·BSE scrip code: 543635
  • ·NSE Symbol: PPLPHARMA
  • ·CIN: L24297MH2020PLC338592
  • ·Earlier intimation dated 28th January 2026
Sarthak Industries Ltd.Merger/Acquisitionneutralmateriality 4/10

01-04-2026

Suresh Chandra Shahra HUF (promoter) disclosed the disposal of 2,10,000 equity shares (2.26% of total) in Sarthak Industries Limited to Mr. Manish Shahra (fellow promoter) on 25 March 2026, due to HUF dissolution, reducing HUF's holding from 2,80,000 shares (3.01%) to 70,000 shares (0.75%). No change in total equity share capital of Rs. 9,29,18,000 (92,91,800 shares of Rs. 10 each) or overall promoter structure. The transaction was an inter-se promoter transfer with no external impact on voting rights.

  • ·Disclosure filed in compliance with Regulation 29(2) of SEBI (SAST) Regulations, 2011.
  • ·Mode of transfer: Inter-se transfer due to dissolution of Suresh Chandra Shahra HUF.
  • ·Remaining shares of HUF (post initial 2,10,000 transfer) are under process of transfer.
  • ·Filing date: 27 March 2026 (disclosure to BSE); overall filing date 01 April 2026.
NEW LIGHT INDUSTRIES LIMITEDMerger/Acquisitionneutralmateriality 3/10

01-04-2026

New Light Industries Ltd (BSE: 540243) has disclosed receipt of a filing under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, pertaining to Sandeep Makkad. This regulation requires disclosure when acquisitions or disposals result in crossing 5% shareholding or +/-2% changes thereafter. No specific details on transaction type (acquisition/disposal), shares involved, percentages, valuation, or parties beyond Sandeep Makkad are provided in the filing.

GENOMIC VALLEY BIOTECH LIMITEDMerger/Acquisitionneutralmateriality 2/10

01-04-2026

Yogesh Agrawal, Promoter of Genomic Valley Biotech Limited (Scrip Code: 539206), has submitted a declaration under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, stating that he, along with other promoters, promoter group members, and persons acting in concert, made no encumbrances directly or indirectly during the financial year ended March 31, 2026. The listed promoters/promoter group include Yogesh Agrawal, Parul Agrawal, and Ojaswini Avantika. This is a routine compliance filing confirming no changes in promoter share encumbrances.

  • ·Filing submitted to BSE Limited Corporate Relationship Department and Audit Committee
  • ·Company address: 4 KM Stone, Beni Chhara Road, P.O. Tanda Heri, Tehsil Bahadurgarh, District Jhajjar, Haryana, India - 124507
  • ·Scrip Code: 539206
Aditya Birla Capital LimitedMerger/Acquisitionpositivemateriality 8/10

01-04-2026

Aditya Birla Capital Limited (ABCL) has received sanction from the Regional Director (North-Western Region), Ahmedabad, vide order dated 31 March 2026, for the Scheme of Amalgamation of its wholly-owned subsidiary Aditya Birla Stressed Asset AMC Private Limited with another wholly-owned subsidiary Aditya Birla Financial Shared Services Limited. This approval follows the Board's earlier approval intimated on 14 November 2025, under Section 233 of the Companies Act, 2013, subject to regulatory approvals. The intimation is made pursuant to Regulation 30 of the SEBI Listing Regulations.

  • ·Regional Director order dated 31 March 2026 attached as Annexure
  • ·Earlier Board approval intimation dated 14 November 2025
  • ·Filing reference: ABCL/SD/MUM/2026-27/APRIL/03 dated 01 April 2026
B&A Packaging India LimitedMerger/Acquisitionneutralmateriality 2/10

01-04-2026

B&A Packaging India Limited submitted the annual disclosure under Regulation 31(4) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, for encumbrance of shares by the Promoter and Promoter Group as of the financial year ended March 31, 2026. Promoter Somnath Chatterjee confirmed that no encumbrance was created or invoked on shares, directly or indirectly, during the year.

  • ·Disclosure covers financial year ended March 31, 2026
  • ·Submitted to BSE Limited (Scrip Code: 523186) on April 1, 2026
Avanti Feeds LimitedMerger/Acquisitionpositivemateriality 8/10

01-04-2026

Avanti Feeds Limited's Board of Directors, at a meeting on April 01, 2026, approved an investment of USD 3 Million to acquire a 10% stake (3 million shares at par value of USD 1 each) in Thai Union Feedmill Ecuador S.A.S. (TFME), a yet-to-be-incorporated company in Ecuador focused on aquaculture feed manufacturing and distribution. Thai Union Feed Mill Public Company Limited, Thailand, is the holding company and an associate/JV partner of Avanti Feeds. No other material financial impacts or comparisons were disclosed.

  • ·Board meeting commenced at 11:30 A.M. (IST) and concluded at 02:45 P.M. (IST) on April 01, 2026.
  • ·TFME to be incorporated in Ecuador, South America; industry: Aquaculture.
  • ·No governmental or regulatory approvals required for incorporation.
  • ·Nature of consideration: Cash.
Senores Pharmaceuticals LimitedMerger/Acquisitionpositivemateriality 7/10

01-04-2026

Promoters and Promoter Group of Senores Pharmaceuticals Limited were allotted 11,70,000 fully convertible equity warrants on a preferential basis on March 28, 2026, as disclosed under Regulation 29(2) of SEBI (SAST) Regulations. This increases their aggregate shareholding on a fully diluted basis from 45.82% (21,100,357 shares) to 47.16% (22,270,357 shares equivalent), with the total diluted equity share capital rising to ₹47,22,35,880 consisting of 4,72,23,588 shares of ₹10 each. No declines in holdings were reported across the promoter group.

  • ·Warrants breakdown: Renosen Pharmaceuticals Private Limited (739,000; 1.56% diluted), Swapnil Jatin Shah (197,000; 0.42%), Ashokbhai Vijaysinh Barot (123,000; 0.26%), Sangeeta Mukur Barot (61,500; 0.13%), Viraj Ashokkumar Barot (49,500; 0.10%).
  • ·BSE Scrip Code: 544319; NSE Symbol: SENORES.
  • ·Disclosure filed on April 01, 2026.
Padam Cotton Yarns Ltd.Merger/Acquisitionneutralmateriality 4/10

01-04-2026

Sachin Govindlal Modi, not part of the promoter/promoter group, sold 2100000 equity shares (0.96% of total share capital) of Padam Cotton Yarns Limited via open market transaction on 01/04/2026. This reduced his voting shareholding from 4977448 shares (2.27%) to 2877448 shares (1.31%). The total equity share capital of the company before and after the transaction remains unchanged at 219470000 shares.

  • ·Disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
  • ·No persons acting in concert (PAC) with the acquirer
  • ·No encumbrances, warrants, or convertible securities held
  • ·Place of signature: Ahmedabad
RACONTEUR GLOBAL RESOURCES LIMITEDMerger/Acquisitionpositivemateriality 9/10

01-04-2026

Ecomatix Solution Private Limited, not part of the promoter group, acquired 3,700,000 shares carrying voting rights in Raconteur Global Resources Limited via preferential allotment on 18 March 2026, increasing its stake from 60,800 shares (1.17% of total diluted share/voting capital) to 3,760,800 shares (34.89% of equity share capital, 20.86% of total diluted share/voting capital). This transaction doubled the target's equity share capital from ₹5,21,35,610 to ₹10,77,78,440, with total diluted share/voting capital post-acquisition at ₹18,02,78,420. No declines or flat metrics reported.

  • ·Disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, dated 26 March 2026
  • ·Mode of acquisition: Preferential Allotment
  • ·Acquirer does not belong to Promoter/Promoter group
  • ·Target listed on BSE Limited
Lupin LimitedMerger/Acquisitionpositivemateriality 8/10

01-04-2026

Lupin Limited's wholly owned subsidiary, Nanomi B.V., has completed the acquisition of the entire share capital of VISUfarma B.V., Netherlands, and its wholly owned subsidiaries, effective April 01, 2026, following the satisfaction of customary closing conditions. This updates prior intimations dated September 29, 2025, December 30, 2025, and February 27, 2026. Detailed acquisition information was previously disclosed in the September 29, 2025 filing under Regulation 30 of SEBI Listing Regulations.

  • ·Acquisition subject to Regulation 30 of SEBI Listing Regulations and applicable SEBI Circulars.
  • ·Corporate Identity Number: L24100MH1983PLC029442
ALKOSIGN LIMITEDMerger/Acquisitionpositivemateriality 8/10

01-04-2026

Promoters and Persons Acting in Concert (PAC) of Alkosign Limited, led by Samir Narendra Shah, increased their total shareholding from 48,10,497 shares (44.57%) to 49,55,622 shares (44.57%) through open market purchases totaling 1,45,125 shares (1.34%). Key individuals including Shrenik Shah and Prisha Shah made purchases between November 2025 and March 2026. The total equity share capital remains 1,07,92,497 shares of Rs. 10 each.

  • ·Acquisitions via open market purchases on specific dates: Samir Shah (e.g., 38,250 shares on 17-12-2025, up to 6,750 on 27-03-2026); Shrenik Shah (e.g., 9,000 + 11,250 on 28-11-2025, up to 19,125 on 09-12-2025); Prisha Shah (1,125 shares on 20-03-2026 and 24-03-2026).
  • ·Disclosure filed on April 01, 2026, under SEBI Regulation 29(2).
  • ·No change in total diluted share/voting capital; not applicable.
Prima Plastics Ltd.Merger/Acquisitionneutralmateriality 8/10

01-04-2026

Prima Plastics Limited announced that the Scheme of Demerger between itself (Demerged Company) and Prima Innovation Limited (Resulting Company) has become effective from April 01, 2026, after filing the certified true copy of the NCLT, Ahmedabad Bench order with the Registrar of Companies, Goa via Form INC-28. This follows their intimation dated March 24, 2026, regarding receipt of the order. The company will separately disclose the record date.

  • ·Scrip Code: 530589
  • ·Scrip Symbol: PRIMAPLA
  • ·Disclosure pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015
  • ·NCLT: Ahmedabad Bench
Gallantt Ispat LimitedMerger/Acquisitionneutralmateriality 3/10

01-04-2026

BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Gallantt Industry Pvt Ltd and Persons Acting in Concert (PACs) for Gallantt Ispat Limited (BSE: 532726). This filing signals an intention to acquire shares that may cross 5% holding or result in a 2% change in shareholding. No details on deal structure, valuation, share counts, percentages, or financial metrics are disclosed.

Capital Small Finance Bank LimitedMerger/Acquisitionneutralmateriality 3/10

01-04-2026

Capital Small Finance Bank Limited disclosed under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, that no encumbrance was placed by any promoter or promoter group member on the bank's equity shares during FY 2025-26 (ended March 31, 2026). The disclosure, signed by Promoter Sarvjit Singh Samra and Company Secretary Amit Sharma, covers a list of specified promoters and promoter group entities. This confirms no pledges or other encumbrances, maintaining the status quo on shareholding security.

  • ·Scrip Codes: 544120, 951995, 953739; Symbol: CAPITALSFB
  • ·Promoter Group Entities (no encumbrance): M/s Amarjit and Company, Jalandhar New Patiala Bus Service, Regd. Libra Express Regd., M/s Universal Holidays
Lancor Holdings LimitedMerger/Acquisitionpositivemateriality 8/10

01-04-2026

The National Company Law Tribunal (NCLT), Chennai, sanctioned the Scheme of Merger of Lancor Maintenance & Services Limited (a wholly owned subsidiary) with Lancor Holdings Limited on April 1, 2026. The company is awaiting receipt of the formal order and will provide detailed intimation thereafter in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. No financial impacts or performance metrics are disclosed in this preliminary intimation.

  • ·Stock symbol: LANCORHOL (NSE), Scrip Code: 509048 (BSE)
  • ·Intimation addresses Listing Compliance and Corporate Relationship Departments of NSE and BSE
VEEFIN SOLUTIONS LIMITEDMerger/Acquisitionneutralmateriality 8/10

01-04-2026

Veefin Solutions Limited received an Observation Letter from BSE Limited dated April 1, 2026, for the proposed Scheme of Arrangement and Amalgamation involving GlobeTF Solutions Limited (CIN: U62011MH2023PLC415115) and Estorifi Solutions Limited (CIN: U72900MH2020PLC347754) as Transferor Companies merging into Veefin Solutions Limited (CIN: L72900MH2020PLC347893) as Transferee Company. This follows the board approval intimated on September 30, 2025, under Regulation 37 of SEBI Listing Regulations. The letter is enclosed with the filing and available on www.veefin.com.

  • ·Scrip Code: 543931
  • ·ISIN: INE0Q0M01015
  • ·Reference: Regulation 30 and 37 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Emami LimitedMerger/Acquisitionpositivemateriality 8/10

01-04-2026

Emami Limited entered into a Share Purchase Agreement on April 1, 2026, to acquire ~73.5% stake in Axiom Ayurveda Private Limited (AAPL), an associate company where it previously held ~26.5% stake. In the first tranche, the company acquired 84,30,909 equity shares representing ~36.7% stake, making AAPL a subsidiary. The remaining 84,30,909 equity shares (~36.7% stake) will be acquired by June 2026 as per the SPA terms.

  • ·Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015.
  • ·Details available on company's website: www.emamiltd.in
Adani Enterprises LimitedCorp. Actionpositivemateriality 9/10

01-04-2026

The Composite Scheme of Arrangement sanctioned by NCLT on March 16, 2026, became effective on April 01, 2026, leading to the amalgamation of Adani Green Technology Limited (AGTL) and Adani Emerging Businesses Private Limited (AEBPL) into Adani Enterprises Limited (AEL), and Adani Tradecom Limited (ATL) into Adani New Industries Limited (ANIL), with the involved entities dissolved without winding up. AEL will allot 90,11,048 equity shares of Re. 1/- each fully paid up to eligible shareholders of AEBPL as on the Record Date of April 14, 2026. The Management Committee meeting for approving the allotment is scheduled for April 15, 2026.

  • ·NCLT Order dated March 16, 2026
  • ·Scrip Codes: BSE 512599, NSE ADANIENT
  • ·Face value of equity shares: Re. 1/- each fully paid up
Hubtown LimitedMerger/Acquisitionnegativemateriality 8/10

01-04-2026

Vyomesh M. Shah (HUF), a promoter of Hubtown Limited, reported the invocation of a pledge on 1711170 shares (1.20% of total share capital) effective March 27, 2026, created as collateral for a loan availed by Hubtown from Edelweiss Investment Advisors Limited. This reduced total promoter encumbered shares from 9211170 (6.48%) to 7500000 (5.28%), though significant pledges remain across other promoters such as Vyomesh M. Shah (4500000 shares, 3.17%) and Kushal H. Shah (1400000 shares, 0.99%). Overall promoter holding stands at 48370414 shares (34.04%).

  • ·Other ongoing pledges include 1400000 shares (0.99%) by Kushal H. Shah and 1600000 shares (1.13%) by Hemant M. Shah.
  • ·Disclosure filed on April 01, 2026, pursuant to SEBI Regulation 31(2).
Adani Enterprises LimitedCompany Updatepositivemateriality 9/10

01-04-2026

The Composite Scheme of Arrangement sanctioned by NCLT on March 16, 2026, became effective on April 01, 2026, leading to the amalgamation of Adani Green Technology Limited (AGTL) and Adani Emerging Businesses Private Limited (AEBPL) into Adani Enterprises Limited (AEL), and Adani Tradecom Limited (ATL) into Adani New Industries Limited (ANIL), with the amalgamated entities dissolved without winding up. AEL will allot 90,11,048 equity shares of Re. 1/- each to eligible shareholders of AEBPL as on the Record Date of April 14, 2026. The Management Committee meeting for approving the allotment is scheduled for April 15, 2026.

  • ·NCLT Order dated March 16, 2026
  • ·Effective Date and Appointed Date: April 01, 2026
  • ·Record Date for AEBPL shareholders: April 14, 2026
  • ·Management Committee meeting for share allotment: April 15, 2026
  • ·Scrip Codes: BSE 512599, NSE ADANIENT
Lupin LimitedMerger/Acquisitionmixedmateriality 8/10

01-04-2026

Nanomi B.V., a wholly owned subsidiary of Lupin Limited, has entered definitive agreements to acquire 43.38% minority shareholding (11,794,497 shares) in Multicare Pharmaceuticals Philippines, Inc. (MPPI) for not exceeding USD 39.6 million, increasing ownership from 56.28% to 100% and strengthening Lupin's market position in the Philippines pharmaceutical sector. The acquisition, conducted at arm's length with valuation from Ernst & Young, is expected to complete by end of May 2026. However, MPPI's turnover declined approximately 10.8% YoY to PHP 2,096.6 million in FY25 from PHP 2,351.2 million in FY24, following 34.8% growth the prior year.

  • ·MPPI incorporated on November 09, 2001, and operates in trading, importing, marketing, and distributing pharmaceutical products and medical devices in Philippines.
  • ·Acquisition approved by Audit Committee; no promoter/promoter group interest.
  • ·No governmental or regulatory approvals required.
Adani Enterprises LimitedCompany Updatepositivemateriality 9/10

01-04-2026

Adani Enterprises Limited (AEL) announced the Composite Scheme of Arrangement became effective on April 01, 2026, leading to the amalgamation of Adani Green Technology Limited (AGTL) and Adani Emerging Businesses Private Limited (AEBPL) into AEL, and Adani Tradecom Limited (ATL) into Adani New Industries Limited (ANIL), with AGTL, AEBPL, and ATL dissolved without winding up. Equity shareholders of AEBPL recorded as on the Record Date of April 14, 2026, will receive 90,11,048 equity shares of AEL (face value Re. 1/- each). The Management Committee meeting to approve the allotment is scheduled for April 15, 2026.

  • ·Scheme sanctioned by NCLT Ahmedabad Bench via order dated March 16, 2026
  • ·Appointed Date and Effective Date: April 01, 2026
  • ·Scrip Codes: 512599 (BSE), ADANIENT (NSE)
G R Infraprojects LimitedMerger/Acquisitionneutralmateriality 4/10

01-04-2026

Promoter and Promoter Group members of G R Infraprojects Limited executed an inter se transfer of 88,47,393 equity shares (9.15% of diluted share capital) by way of gift among immediate relatives on March 27 and 30, 2026, as part of family shareholding realignment. Individual holdings shifted significantly, e.g., Mrs. Suman Agarwal's stake increased from 1.08% to 6.16%, while transferors like Mr. Vinod Kumar Agarwal reduced from 5.08% to 0%. Aggregate Promoter/Promoter Group shareholding and voting rights remained unchanged at 74.69%, with no impact on public shareholders.

  • ·Disclosure filed under Regulation 10(6), 29(1) & 29(2) of SEBI SAST Regulations; exempt from open offer per Regulation 10(1)(a)(i).
  • ·Prior disclosure under Reg 10(5) made on March 19, 2026.
  • ·Transfers executed without consideration (gift); no change in aggregate voting rights.
Choice International LimitedMerger/Acquisitionmixedmateriality 6/10

01-04-2026

Choice International Limited has acquired 100% equity stake (10,000 shares) in Optimo Investment Adviser Private Limited for a nominal consideration of ₹1,000, making it a wholly owned subsidiary to be renamed Choice Unified Services Private Limited for support services activities. The target entity reports NIL turnover and negative net worth of ₹(98,022) as on March 31, 2025, with no prior business operations. The acquisition from related parties Mr. Ajay Kejriwal and Mrs. Babita Kejriwal is on an arm's length basis per independent valuation.

  • ·Optimo turnover: NIL for FY 2022-23, 2023-24, and 2024-25.
  • ·Price per share: ₹0.1.
  • ·No governmental or regulatory approvals required beyond MCA name change.
  • ·Optimo incorporated in India with no prior operations.
LEXORAA INDUSTRIES LIMITEDMerger/Acquisitionneutralmateriality 3/10

01-04-2026

Lexoraa Industries Limited executed a Share Transfer Instrument on April 1, 2026, to acquire 100% shareholding of Any and Every Export Limited, a Hong Kong-based private company incorporated on February 14, 2025, focused on general trading, export-import, international trade, sourcing & distribution, and cross-border merchant trading. The acquisition, for cash consideration of INR 10,000, aims to expand the company's international trade activities, with an indicative completion timeframe of 15 days. The target entity has reported NIL turnover for the last three financial years, including the audited 2024-25 financials.

  • ·Target address: 20/F Champion Bldg, 287-291 Des Voeux Rd, Central, Sheung Wan, Hong Kong
  • ·Target registration no.: 77703306
  • ·Target jurisdiction: Hong Kong
  • ·No governmental or regulatory approvals required
  • ·Not a related party transaction
Hero MotoCorp LimitedMerger/Acquisitionpositivemateriality 8/10

01-04-2026

Hero MotoCorp Limited completed an additional investment in its associate Euler Motors Private Limited by acquiring 2,68,219 Series E Cumulative Compulsorily Convertible Preference Shares for an aggregate consideration of Rs. 210 crore, part of the Board-approved Rs. 275 crore investment (in one or more tranches). Post-acquisition, the Company holds 36.67% shares on a fully diluted basis. This follows the earlier intimation dated February 5, 2026.

  • ·Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • ·NSE Scrip Code: HEROMOTOCO; BSE Scrip Code: 500182
  • ·Filing addresses to Listing Deptt., NSE and BSE
Prime Focus LimitedMerger/Acquisitionmixedmateriality 8/10

01-04-2026

Prime Focus Limited disclosed internal group restructuring approved by the Audit Committee and Board on April 01, 2026, involving the transfer of 100% equity in Prime Focus Technologies Inc. (PFT US) from Brahma AI Services India Limited to DNEG S.a.r.l., followed by transfer of 100% equity in Brahma AI Services India Limited from DNEG to Brahma AI Holdings Limited, to streamline operations; all entities remain step-down subsidiaries. PFT US contributed 2.51% to consolidated turnover (INR 90.49 Crores) and 0.06% to net worth (INR 0.63 Crores) in FY 2024-25, while Brahma India contributed 10.57% to turnover (INR 380.23 Crores) and 17.75% to net worth (INR 178.11 Crores). However, PFT US turnover declined YoY from USD 12,504,021 in FY 2023-24 to USD 10,589,160 in FY 2024-25 (-15.3%), following a -7.1% drop from FY 2022-23.

  • ·Transactions approved by Audit Committee; Board meeting from 07:00 p.m. to 07:15 p.m. on April 01, 2026
  • ·All transactions at arm's length; related party transactions
  • ·PFT US incorporated February 22, 2013 in United States of America
  • ·Agreement dates: April 01, 2026 for both transfers; completion timelines as per agreements subject to conditions precedent
  • ·No fresh capital infusion; conversions of loans and preference shares into equity
K. V. Toys India LtdMerger/Acquisitionneutralmateriality 3/10

01-04-2026

K.V. Toys India Limited has submitted a disclosure to BSE Limited under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, enclosing the yearly shareholding details from its Promoters for the year ended March 31, 2026. The disclosure was signed by Karan Narang, Managing Director. No specific shareholding changes or financial impacts are detailed in the filing.

  • ·Filing Date: April 01, 2026
  • ·Year ended: March 31, 2026
  • ·BSE Scrip Code: 544641
  • ·CIN: L32409MH2023PL4C40007
  • ·DIN: 07098277
Sambhv Steel Tubes LimitedMerger/Acquisitionpositivemateriality 8/10

01-04-2026

Sambhv Steel Tubes Limited approved an investment of INR 7,51,56,927/- to acquire approximately 15% equity stake (18,507 shares at INR 4,061/- each) in Vajra Alloys Private Limited through preferential allotment, with a Share Subscription and Shareholder’s Agreement signed on March 31, 2026. The investment targets synergies in specialty metals and alloys manufacturing, enhancing product portfolio and supply chain integration for sectors like aerospace and defense. Vajra Alloys, a subsidiary of Krishca Strapping Solutions Limited with net worth of INR 38.58Crs, was incorporated on November 29, 2025, and has no turnover or PAT data yet.

  • ·Agreement signed on March 31, 2026; completion within 30 days
  • ·Vajra Alloys incorporated on November 29, 2025; no audited turnover or PAT as first financial year
  • ·No related party transaction; no promoter/group interest in investee
  • ·Cash consideration only; no governmental approvals required
LAKHOTIA POLYESTERS (INDIA) LIMITEDMerger/Acquisitionneutralmateriality 6/10

01-04-2026

Lakhotia Polyesters (India) Limited provided an update on its proposed acquisition of 100% stake in New Nexus FZ LLC, originally intimated on December 12, 2025 and expected to conclude by March 31, 2026. The acquisition is now delayed to June 30, 2026 due to delays in regulatory approvals caused by the prevailing geopolitical situation. No financial details or other impacts were disclosed.

  • ·CIN: L17120MH2005PLC155146
  • ·Scrip Code: 535387
  • ·Filing pursuant to Regulation 30 of SEBI Listing Regulations
Adani Ports and Special Economic Zone LimitedCompany Updatepositivemateriality 8/10

01-04-2026

Adani Ports and Special Economic Zone Limited informed that the National Company Law Tribunal, Ahmedabad Bench, has sanctioned the Scheme of Amalgamation of its wholly owned subsidiary, Adani Harbour Services Limited, with the company itself under Sections 230 to 232 of the Companies Act, 2013, via an order dated April 1, 2026. This update follows the company's earlier letter dated November 4, 2025. The amalgamation aims to streamline operations, with no financial impacts disclosed in the filing.

  • ·Reference No: APSEZL/SECT/2026-27/3
  • ·Scrip Codes: 532921 (BSE), ADANIPORTS (NSE)
  • ·Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015
MODULEX CONSTRUCTION TECHNOLOGIES LIMITEDMerger/Acquisitionneutralmateriality 1/10

01-04-2026

Modulex Construction Technologies Ltd (BSE: 504273) filed disclosures under Regulations 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, received by BSE on March 31, 2026, pertaining to Suchit Punnose. No details on shareholding patterns, changes, transaction values, or financial metrics are explicitly stated in the filing. This appears to be a routine regulatory shareholding disclosure with no quantitative data or strategic context provided.

Smartworks Coworking Spaces LimitedMerger/Acquisitionpositivemateriality 4/10

01-04-2026

Promoters of Smartworks Coworking Spaces Limited—Neetish Sarda (39,742 shares, 0.03%), Harsh Binani (5,000 shares, 0.00%), and SNS Infrarealty LLP (26,000 shares, 0.02%)—acquired a total of 70,742 equity shares from the open market between March 20 and 30, 2026, representing less than 2% of total shareholding. This voluntary disclosure, not triggering mandatory SEBI regulations, underscores promoter confidence. Details are available on the company's investor website at https://www.smartworksoffice.com/investors/.

  • ·NSE Scrip Symbol: SMARTWORKS; BSE Scrip Code: 544447; ISIN: INE0NAZ01010
  • ·Acquisitions via open market purchase; no mandatory disclosure under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
Sayaji Hotels (Indore) LimitedMerger/Acquisitionneutralmateriality 5/10

01-04-2026

MP Entertainment and Developers Private Limited, part of the promoter group of Sayaji Hotels (Indore) Limited, disposed of 11,850 equity shares (0.389% of total) via open market on 30/03/2026, reducing its holding from 1,89,360 shares (6.22%) to 1,77,510 shares (5.826%). The total equity share capital remains unchanged at Rs. 3,04,66,050 divided into 30,46,605 equity shares of Rs. 10 each. This disclosure is under Regulation 29(2) of SEBI Takeover Regulations, 2011.

  • ·Disclosure filed on April 01, 2026
  • ·Shares listed on BSE Limited
  • ·No change in warrants, convertible securities, encumbrances, or voting rights other than shares
  • ·Mode of disposal: Open Market
India Homes LimitedMerger/Acquisitionneutralmateriality 3/10

01-04-2026

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Indi Steel International Pvt Ltd pertaining to India Homes Ltd (513361). This filing indicates a substantial acquisition event triggering mandatory SAST disclosure requirements. No specific details on deal structure, shareholding changes, valuation, or transaction terms are disclosed in the filing.

Jupiter Infomedia LimitedMerger/Acquisitionneutralmateriality 3/10

01-04-2026

BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Daizy Advisors & Other for Jupiter Infomedia Ltd (BSE: 534623). This filing signals an intention to acquire substantial shares in the technology sector company, but no details on share count, percentage, valuation, or transaction structure are provided. No quantitative metrics, financial impacts, or further context are disclosed.

AXISCADES Technologies LimitedMerger/Acquisitionneutralmateriality 3/10

01-04-2026

Axiscades Technologies Ltd (BSE: 532395) filed disclosures under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, with BSE receiving the submission from Jupiter Capital Pvt Ltd on March 30, 2026. This is a mandatory shareholding disclosure typically triggered by substantial acquisitions or changes in holdings above 5%. No specific details on transaction value, share counts, percentages, or parties' roles were mentioned in the filing.

Nila Spaces LimitedMerger/Acquisitionneutralmateriality 3/10

01-04-2026

Nila Spaces Ltd (542231) has made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on April 01, 2026, pertaining to Siddharth Vadodaria, Karan Vadodaria, and Chhayaben Vadodaria. This filing indicates a change in shareholding or voting rights by these individuals crossing specified thresholds (typically 2% change or 5% aggregate). No further details on transaction size, direction (acquisition/disposal), shareholding percentages, or financial impact are provided in the filing.

Hi-Klass Trading and Investment LimitedMerger/Acquisitionneutralmateriality 6/10

01-04-2026

Promoter Nico India Consultancy LLP of Hi-Klass Trading and Investment Limited disclosed the creation of a pledge on 862828 equity shares (2.86% of total share capital) on March 30, 2026, in favor of M/s. Metro Commercial Company Limited as security for credit facilities. This increases the total encumbered shares from 1137172 (3.76%) to 2000000 (6.62%), out of the promoter's total holding of 6866720 shares (22.7%). The disclosure was filed on March 31, 2026, under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

  • ·Disclosure reported to BSE Limited on 31.03.2026.
  • ·Pledge created for business operational needs and credit facilities.
V2 Retail LimitedMerger/Acquisitionneutralmateriality 6/10

01-04-2026

Ricon Commodities Private Limited, part of the promoter group of V2 Retail Limited, created a pledge on 33,50,000 equity shares (0.91% of total diluted share capital) held by it, in favor of Infina Finance (P) Private Limited on March 30, 2026. Prior to the pledge, Ricon held 12,86,27,100 shares representing 35.28% of the total diluted share capital, with no prior encumbrances on these shares. The disclosure was reported to BSE and NSE on March 31, 2026, pursuant to Regulation 31(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

  • ·Disclosure filed on April 01, 2026; reporting date March 31, 2026; pledge creation date March 30, 2026
  • ·Pledge is on shares previously unencumbered (pre-encumbrance encumbered shares: 0)
Thyrocare Technologies LimitedMerger/Acquisitionneutralmateriality 8/10

01-04-2026

Docon Technologies Private Limited, promoter of Thyrocare Technologies Limited, provided an update under SEBI (SAST) Regulations on the encumbrance of 9,69,69,696 shares (60.93% of total share capital), with no change in the number of encumbered shares. The update follows partial redemption of INR 1,200 million of Series 1 Non-Convertible Debentures by API Holdings Limited (Docon's holding company) on March 30, 2026, via face value reduction from INR 10,00,000 to INR 9,00,000 per debenture, leaving outstanding principal at INR 10,800 million. The shares remain pledged with Catalyst Trusteeship Limited as debenture trustee.

  • ·Disclosure reported on March 31, 2026, updating prior disclosures dated September 24, 2025, November 11, 2025, and December 05, 2025.
  • ·Encumbrance created pursuant to corporate guarantee extended by Docon for obligations of API Holdings Limited.
  • ·Debentures are unlisted, unrated, secured, redeemable, non-convertible.
IndusInd Bank LimitedMerger/Acquisitionmixedmateriality 8/10

01-04-2026

Promoters of IndusInd Bank Limited, IndusInd International Holdings Ltd (holding 8,95,37,464 shares or 11.49%) and IndusInd Ltd (holding 2,79,78,546 shares or 3.59%), created a pledge on 2,22,88,989 shares (2.86%) and 2,79,78,546 shares (3.59%) respectively on March 27, 2026, representing over 50% of their total promoter shareholding of 11,75,16,010 shares (15.08%). The pledge to Catalyst Trusteeship Limited provides security for ₹30,600,000,000 borrowing for refinancing existing indebtedness, with pledged shares valued at ₹40,214,028,000 (ratio 07:32). No prior encumbrances are detailed beyond this new pledge creation.

  • ·Encumbrance date: March 27, 2026
  • ·Disclosure signatures dated: 30.03.2026
  • ·Place of signatures: Mauritius
  • ·Type of encumbrance: Pledge Creation
  • ·Entity in whose favour: Catalyst Trusteeship Limited (Onshore Security Agent)
  • ·End use of borrowed amount: refinancing of existing indebtedness
  • ·Security cover ratio: 07:32

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