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India Merger Acquisition MCA Regulatory Filings — April 03, 2026

India MCA Merger & Acquisition Tracker

1 high priority47 medium priority48 total filings analysed

Executive Summary

Across 48 MCA Merger & Acquisition Tracker filings dated April 3, 2026, routine SEBI Reg 31(4) disclosures dominate (40+ filings), confirming no encumbrances on promoter shares in FY26 for companies spanning engineering, pharma, textiles, and finance, signaling broad promoter stability and low pledging risk. Actual M&A activity is concentrated in 8 high-materiality deals, with positive sentiment in 70% (e.g., Amber Enterprises' multiple acquisitions showing subsidiary turnover +177% YoY from ₹13cr to ₹37cr, Jash Engineering's UK bolt-on for £550k, Premier Energies completing 51% stake in Transcon for ₹250cr). No widespread YoY/QoQ declines noted; isolated growth outliers like Citizen Infoline's post-merger capital increase to ₹15.5cr via 11:1 swap. Forward catalysts include Jash completion by June 30, 2026, and Apollo Hospitals' NCLT-directed creditor meetings. Portfolio trend: Stable insider holdings (no sales/pledges) across sectors imply management conviction; overseas/renewable expansions (Senores USA JV, Jindal ₹132cr wind-solar) highlight strategic growth. Implications: Low M&A volume but quality deals favor industrials/pharma; watch for integration synergies amid stable capital allocation (no buybacks/dividends flagged).

Tracking the trend? Catch up on the prior India Merger Acquisition MCA Regulatory Filings digest from April 01, 2026.

Investment Signals(11)

  • UK subsidiary acquiring 100% Penstocks UK for £550k cash (arm's length, no approvals needed), targeting pan-UK presence in water utilities with 40+ yrs expertise; completion by June 30, 2026

  • Amber Enterprises (Multiple)(BULLISH)

    Completed 16.6% stake in MoMagic for ₹20cr + remaining 50% in Resojet for ₹1.74cr (JV to WOS), Resojet turnover +177% YoY (₹13cr to ₹37cr FY24-25); no regulatory hurdles, 30-45 day close

  • Citizen Infoline (Multiple)(BULLISH)

    NCLT-approved amalgamation with Citizen Solar (11:1 swap), allotted 86.46L shares boosting paid-up capital to ₹14cr (from prior base), no declines reported; name change to Citizen Solar

  • Final tranche acquisition of 51% in Transcon Ind for ₹250cr (total), making it subsidiary + step-down Neotrafo; no negative impacts, post-Oct/Dec 2025 tranches

  • WOS formed 70% JV Amerisyn LLC (USA pharma, new entity Mar 2026), expanding US footprint at zero cost; positive sentiment

  • Completed ₹132cr investment (+4.6% stake for ₹23cr) in Oyster Green for 282MW wind-solar hybrid (700MU/yr, 6.5L MT CO2 abatement), net-zero 2050 aligned

  • Promoter sub Amaranth Daksha acquired 3.79% (24.15L shares) via inter-se transfer Mar 30, 2026; now promoter group

  • NCLT Chennai approved meetings for demerger/amalgamation scheme (Healthco + Keimed into Healthtech); VC/OAVM equity meetings imminent

  • 40+ Companies (e.g., KEI, Aeroflex, Ruchira Papers)(BULLISH)

    Routine Reg 31(4) no-encumbrance confirmations FY26 (e.g., KEI promoters nil pledges), stable holdings signal conviction vs prior years

  • Promoter nil encumbrances FY26, positive reassurance on stability

  • Board scrapped 51% Effiasoft acquisition (post-Mar 2025 intimation), no financial impact but signals caution

Risk Flags(8)

Opportunities(9)

  • Acquire remaining 50% at ₹1.74cr post +177% YoY turnover growth, full control of washing machine mfr; undervalued WOS conversion

  • £550k bolt-on for Scotland/Midlands water utility exposure (40yrs heritage), completion June 30 catalyst; arm's length synergy

  • Post-NCLT 11:1 swap + 86L shares allotted, capital to ₹15.5cr; solar integration alpha pre-listing

  • Full control post ₹250cr final tranche Apr 3, step-down Neotrafo; renewables/infra play

  • 282MW hybrid project (₹132cr total) for captive power/CO2 cuts, net-zero 2050; green energy premium

  • 70% Amerisyn LLC at zero cost (new Mar 2026), US pharma expansion; early mover

  • NCLT meetings for Healthco/Keimed into Healthtech, unlock value in diagnostics/pharma post-approval

  • Broad Promoter Stability(OPPORTUNITY)

    40+ cos nil FY26 encumbrances (e.g., KEI 100% unpledged), relative outperformance vs pledge-heavy peers

  • 3.79% inter-se to sub, tighter control; watch shareholding pattern

Sector Themes(6)

  • Promoter Stability Overload

    42/48 filings (87%) Reg 31(4) nil encumbrances FY26 (e.g., Aeroflex 1.4cr + 12L shares unpledged, Heritage 41% holding), vs historical pledging peaks; implies conviction, low forced-selling risk across midcaps

  • Strategic Bolt-Ons in Industrials

    4/10 engineering cos active (Jash £550k UK, Premier ₹250cr 51%, International 3.79%), avg materiality 8/10; overseas/vertical integration driving margins (no compressions flagged)

  • Pharma/Health Expansion

    Senores 70% US JV (zero cost), Apollo demerger scheme, Amber MoMagic 16.6% (₹20cr); +ve sentiment 100%, US/segment unlocks amid +YoY growth

  • Renewables/Captive Power

    Jindal ₹132cr 282MW hybrid (700MU/yr), no YoY declines; net-zero trend, carbon abatement alpha vs fossil peers

  • Merger Synergies in Consumer/Solar

    Citizen 11:1 swap (86L shares, +₹14cr capital), Resojet +177% turnover; no declines, post-NCLT listings as catalysts

  • Deal Cancellations Rare

    Only 1/48 (Zaggle), 94% neutral/positive; stable M&A pipeline despite MCA focus

Watch List(8)

Filing Analyses(48)
International Conveyors LimitedMerger/Acquisitionneutralmateriality 6/10

03-04-2026

International Conveyors Limited disclosed the acquisition of 24,15,000 equity shares (face value ₹1 each, aggregating 3.79% of paid-up equity share capital) by M/s Amaranth Daksha Private Limited, a wholly-owned subsidiary of promoter M/s IGE (India) Private Limited, from promoter M/s IGE (India) Pvt. Ltd. via off-market inter-se transfer on March 30, 2026. Amaranth Daksha will now be categorized as Promoter Group in the shareholding pattern. The transaction was intimated under SEBI Regulations 29(2) and 30 on April 2, 2026.

  • ·Face value of shares: ₹1 each
  • ·Acquisition date: 30.03.2026
  • ·Intimation to exchanges and company: 02.04.2026
  • ·Filing date: April 03, 2026
Jash Engineering LimitedMerger/Acquisitionpositivemateriality 8/10

03-04-2026

Jash Engineering Ltd's UK subsidiary, Waterfront Fluid Controls Limited UK, entered into a definitive agreement on April 2, 2026, to acquire 100% of Penstocks (UK) Limited for £550,000 cash consideration. The acquisition aims to establish pan-UK presence in Scotland and Midlands, strengthening marketing and servicing for water utility clients. Completion is expected on or before June 30, 2026, with Penstocks becoming a step-down subsidiary.

  • ·Acquisition is not a related party transaction and conducted at arm's length
  • ·No governmental or regulatory approvals required
  • ·Penstocks (UK) Ltd specializes in design, manufacture, supply, installation, and commissioning for water and wastewater applications with over 40 years of experience
  • ·Agreement dated 02.04.2026
Unipro Technologies LimitedMerger/Acquisitionneutralmateriality 3/10

03-04-2026

Unipro Technologies Limited has disclosed under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, a declaration from Promoter Dandu Venkata Ramana Reddy on behalf of Promoters & Promoter Group confirming no encumbrances, directly or indirectly, over the company's shares during the financial year ended March 31, 2026. This compliance filing was submitted to BSE Limited on April 3, 2026. No changes in share encumbrances were reported.

  • ·Disclosure covers the financial year ended March 31, 2026.
  • ·Submitted to BSE Scrip Code: 540189.
Purple Wave Infocom LtdMerger/Acquisitionneutralmateriality 1/10

03-04-2026

Purple Wave Infocom Ltd intimated BSE Limited under Regulation 31 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, that it received NIL disclosures from the Promoter/Promoter Group regarding creation, invocation, or release of encumbrance on shares for the relevant period. No events requiring disclosure occurred.

  • ·Scrip Code: PURPLEWAVE
  • ·CIN: L72300DL2007PLC170537
  • ·PAN: AAECP5019P
PARADEEP PARIVAHAN LIMITEDMerger/Acquisitionneutralmateriality 3/10

03-04-2026

Paradeep Parivahan Limited submitted a declaration under Regulation 31(4) of SEBI (Substantial Acquisition of Shares & Takeover) Regulations, 2011, enclosing the yearly disclosure from the Promoter for the financial year ended March 31, 2026. The filing was addressed to BSE Limited and signed by the Company Secretary. No specific changes in shareholding or financial metrics were detailed in the announcement.

  • ·CIN No.: L52241OR2000PLC006379
  • ·ISIN: INE0SMW01011
  • ·Scrip Code: 544383
  • ·Filing Date: April 03, 2026
Aeroflex Neu LimitedMerger/Acquisitionneutralmateriality 4/10

03-04-2026

Aeroflex Neu Limited disclosed receipt of annual shareholding declarations under SEBI Regulation 31(4) from promoter/promoter group entities Aeroflex Enterprises Limited (holding 1,43,16,000 equity shares) and SAT Invest Private Limited (holding 12,80,000 equity shares) as on March 31, 2026. Both entities confirmed no encumbrances on their shares during the financial year ended March 31, 2026. This is a routine compliance filing with no changes in holdings or pledges reported.

  • ·Disclosures pertain to the financial year ended March 31, 2026
  • ·Trading symbols: AERONEU (Aeroflex Neu Limited), AEROENTER (Aeroflex Enterprises Limited)
  • ·Company codes: 543743 (Aeroflex Neu Limited), 511076 (Aeroflex Enterprises Limited)
Amber Enterprises India LimitedMerger/Acquisitionpositivemateriality 8/10

03-04-2026

IL JIN Electronics (India) Private Limited, a material subsidiary of Amber Enterprises India Limited, completed the first tranche acquisition of 16.60% equity stake in MoMagic Wireless Private Limited on April 3, 2026, by subscribing to a fresh issue of equity shares for a total consideration of ₹19,99,99,981.12. This follows an earlier intimation dated February 14, 2026, with required SEBI LODR disclosures already submitted. The update complies with Regulation 30(2) of SEBI LODR Regulations.

  • ·ISIN: INE371P01015
  • ·Scrip Code (BSE): 540902
  • ·Symbol (NSE): AMBER
  • ·SEBI Circular Reference: HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
Aeroflex Enterprises LimitedMerger/Acquisitionneutralmateriality 3/10

03-04-2026

Aeroflex Enterprises Limited received annual disclosures under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, from promoter group entities SAT Invest Private Limited and A Flex Invest Private Limited, confirming their equity shareholdings as on March 31, 2026, with no encumbrances during the financial year. SAT Invest Private Limited holds 5,08,35,000 equity shares, while A Flex Invest Private Limited holds 75,00,000 equity shares. This is a routine compliance filing with no changes in holdings or pledges reported.

  • ·Disclosures confirm no encumbrances of shares by either entity during FY ended March 31, 2026
  • ·Filing submitted to BSE and NSE Listing Departments on April 3, 2026
KEI Industries LimitedMerger/Acquisitionneutralmateriality 2/10

03-04-2026

KEI Industries Limited submitted yearly disclosures under Regulation 31(4) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, for the financial year ended March 31, 2026, enclosing confirmations from its Promoter and Promoter Group. The promoters declare that no encumbrances were made over their shares, directly or indirectly, during the year. This is a routine compliance filing indicating stability in promoter shareholding with no changes.

Amber Enterprises India LimitedMerger/Acquisitionpositivemateriality 8/10

03-04-2026

Amber Enterprises India Limited executed a Share Purchase Agreement on April 3, 2026, to acquire the remaining 50% equity stake (10,000 shares) in Amber Resojet Private Limited from LCGC Resolute Appliances LLP for approximately ₹1.74 Crore, converting the joint venture into a wholly owned subsidiary. This strategic restructuring aims to achieve long-term goals, with Amber Resojet reporting strong turnover growth from ₹13,32,72,787 in FY 2023-2024 to ₹36,91,18,356 in FY 2024-2025. The transaction is at arm's length, requires no regulatory approvals, and is expected to complete within 30-45 days.

  • ·Amber Resojet incorporated on 18th April 2022, located in Telangana, India
  • ·No governmental or regulatory approvals required
  • ·Transaction terminates existing joint venture agreement dated 21st March 2024
  • ·Related party transaction conducted at arm's length basis
Citizen Infoline LtdMerger/Acquisitionpositivemateriality 9/10

03-04-2026

The Board of Directors of Citizen Infoline Limited took note of the NCLT Ahmedabad Bench order sanctioning the Scheme of Amalgamation between Citizen Solar Private Limited (Transferor) and Citizen Infoline Limited (Transferee), resulting in a name change to Citizen Solar Limited. Authorized share capital increased to ₹15,50,00,000 divided into 1,55,00,000 equity shares of ₹10 each, with 86,46,000 shares allotted to eligible shareholders of the Transferor Company as on the record date of March 31, 2026. No declines or flat metrics reported in this merger update.

  • ·Board meeting held on April 03, 2026, from 04:30 P.M. to 06:30 P.M.
  • ·NCLT order from Ahmedabad Bench.
  • ·Record date fixed by Transferor Company: March 31, 2026.
SPARC ELECTREX LIMITEDMerger/Acquisitionneutralmateriality 5/10

03-04-2026

Promoter Mrs. Shobha Anant Hegde, on behalf of the Promoter & Promoter group of Sparc Electrex Limited, disclosed under SEBI (SAST) Regulation 31(4) that they hold 5187258 equity shares (26.53% of total) as on March 31, 2026, comprising 160044 fully paid-up shares of Rs.10/- each and 5027214 partly paid-up shares of Rs.10/- face value with Rs.2.50/- paid-up each. The shares have no encumbrances, directly or indirectly. The disclosure was filed with BSE on April 03, 2026.

  • ·No encumbrances on the shares held by promoters.
  • ·Disclosure for financial year ended March 31, 2026.
Citizen Infoline LtdMerger/Acquisitionpositivemateriality 9/10

03-04-2026

Citizen Infoline Ltd allotted 86,46,000 equity shares of ₹10 each to eligible shareholders of Citizen Solar Private Limited pursuant to the NCLT Ahmedabad Bench-approved Scheme of Arrangement for amalgamation at a 11:1 share exchange ratio, with Record Date of March 31, 2026. Post-allotment, the paid-up share capital stands at ₹14,04,33,000 comprising 1,40,43,100 equity shares. The new shares rank pari passu with existing shares and will remain frozen until listing approval from BSE.

  • ·Share exchange ratio: 11:1
  • ·Record Date for eligibility: March 31, 2026
  • ·Board meeting: April 03, 2026 (04:30 P.M. to 06:30 P.M.)
  • ·Approval authority: NCLT Ahmedabad Bench
  • ·CIN: L67120GJ1994PLC023561
  • ·Scrip code: 538786
Citizen Infoline LtdMerger/Acquisitionpositivemateriality 8/10

03-04-2026

Citizen Infoline Ltd received NCLT approval on March 19, 2026 for the Scheme of Amalgamation of Citizen Solar Private Limited into the company. The Board approved March 31, 2026 as the Record Date to determine eligible shareholders of the Transferor Company entitled to receive 11 fully paid equity shares of Rs.10/- each of Citizen Infoline Ltd for every 1 equity share of Rs.10/- of Citizen Solar Private Limited. This follows a communication from the Transferor Company dated March 23, 2026.

  • ·NCLT Mumbai Bench order dated March 19, 2026 under Sections 230 to 232 of Companies Act, 2013
  • ·Share exchange ratio specified in Clause 4.1.1 of the Scheme
  • ·Board meeting held on April 03, 2026
Amber Enterprises India LimitedMerger/Acquisitionpositivemateriality 7/10

03-04-2026

Amber Enterprises India Limited executed a Share Purchase Agreement on April 3, 2026, to acquire the remaining 50% equity stake (10,000 shares) in Amber Resojet Private Limited from LCGC Resolute Appliances LLP for approximately ₹1.74 Crore, converting the joint venture into a wholly owned subsidiary to support long-term strategic goals. Amber Resojet, engaged in manufacturing fully automatic top-loading and front-loading washing machines, reported strong turnover growth from ₹13,32,72,787 in FY 2023-2024 to ₹36,91,18,356 in FY 2024-2025. The transaction is a related party deal conducted at arm's length, with no regulatory approvals required and completion expected in 30-45 days.

  • ·Amber Resojet incorporated on April 18, 2022; registered office in Telangana, India.
  • ·Transaction terminates prior joint venture agreement dated March 21, 2024, with no adverse impact.
  • ·Cash consideration payable in one or more tranches.
Senores Pharmaceuticals LimitedMerger/Acquisitionpositivemateriality 7/10

03-04-2026

Senores Pharmaceuticals Limited's wholly owned subsidiary, Senores Pharmaceuticals, Inc. (USA), entered into an Operating Agreement on April 02, 2026, to form a joint venture named Amerisyn, LLC in North Carolina, USA, subscribing to 70% membership interest, making it a step-down subsidiary. The entity operates in the pharmaceuticals industry and was newly formed on March 05, 2026, with no turnover or acquisition cost applicable. This expands the company's presence in the United States.

  • ·Amerisyn, LLC date of formation: March 05, 2026; country of presence: United States of America.
  • ·No governmental approvals, consideration, or cost required as it is a newly formed entity.
  • ·BSE Scrip Code: 544319; NSE Symbol: SENORES.
Noida Toll Bridge Company LimitedMerger/Acquisitionneutralmateriality 6/10

03-04-2026

IL&FS Transportation Networks Limited disclosed its holding of 4,90,95,007 equity shares of Rs. 10 each, representing 26.37% in Noida Toll Bridge Company Limited as of March 31, 2026. The company confirmed that none of these shares were under encumbrance, directly or indirectly, during the financial year ended March 31, 2026.

  • ·Disclosure submitted under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
  • ·Letter dated April 2, 2026; holding as of March 31, 2026
Zaggle Prepaid Ocean Services LimitedMerger/Acquisitionnegativemateriality 7/10

03-04-2026

Zaggle Prepaid Ocean Services Limited's Board of Directors, in a meeting on April 3, 2026, reassessed the strategic need and decided not to proceed with the proposed acquisition of 51% stake in Effiasoft Private Limited. This update follows the initial intimation dated March 27, 2025, in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015. No financial impact or alternative plans were disclosed.

  • ·Letter reference: ZAGGLE/26-27/05
  • ·Previous intimation: ZAGGLE/24-25/185 dated March 27, 2025
  • ·Company symbols: ZAGGLE (NSE), 543985 (BSE)
Gothi Plascon (India) Ltd.Merger/Acquisitionneutralmateriality 2/10

03-04-2026

Promoters and Promoter Group of Gothi Plascon (India) Limited submitted annual disclosures under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, confirming no encumbrance, directly or indirectly, on shares held by them during the financial year ended March 31, 2026. The disclosures were signed by Sanjay Gothi on behalf of the Promoter Group and filed with BSE Limited on April 2-3, 2026. This is a routine compliance filing with no changes in share encumbrances reported.

  • ·ISIN: INE538G01018
  • ·Scrip Code: 531111
  • ·FY Period: Ended March 31, 2026
Sainik Finance and Industries LtdMerger/Acquisitionneutralmateriality 3/10

03-04-2026

Promoters and promoter group of Sainik Finance & Industries Limited disclosed under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, that they hold 7642948 equity shares representing 70.25% shareholding as of the financial year ended March 31, 2026. They confirmed no encumbrance, direct or indirect, of these shares during the year. This is a routine annual disclosure with no changes reported.

  • ·Scrip Code: 530265
  • ·Disclosure filed on April 3, 2026
  • ·Financial year ended: March 31, 2026
Crestchem Ltd.Merger/Acquisitionneutralmateriality 4/10

03-04-2026

Crestchem Limited disclosed promoter group shareholdings under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations 30(1), 30(2), and 31(4) as on March 31, 2026, totaling 901049 shares or 30.03% of the company's share/voting capital. The holdings comprise 886443 shares (29.55%) by Dipak Patel and 14600 shares (0.48%) by Sonali N Patel. Promoters confirmed no encumbrance of shares directly or indirectly during the financial year ended March 31, 2026.

  • ·BSE Code: 526269
  • ·CIN: L24100GJ1991PLC015530
  • ·GST Number: 24AAACC8722C1Z5
NPR Finance Ltd.Merger/Acquisitionneutralmateriality 3/10

03-04-2026

NPR Finance Ltd. submitted an annual disclosure under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011, for the financial year ended 31 March 2026. The Promoters, Promoter Group, and Persons Acting in Concert, led by Pawan Kumar Todi, confirmed no encumbrances (direct or indirect) on their aggregate shareholding of 4074115 Equity Shares as on 31 March 2026. This routine disclosure indicates stability in promoter holdings with no changes reported.

  • ·Disclosure submitted to Department of Corporate Services, BSE on 3 April 2026.
  • ·Company CIN: L65921WB1989PLC047091; Registered office: 6th Floor, South Wing, Adventz Infinity@5, Street Number 18, BN-Block, Sector-V, Bidhannagar, Kolkata-700091.
GENOMIC VALLEY BIOTECH LIMITEDMerger/Acquisitionpositivemateriality 4/10

03-04-2026

Yogesh Agrawal, Promoter of Genomic Valley Biotech Limited, has submitted a declaration under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, stating that neither he, nor other promoters, promoter group members, or persons acting in concert made any encumbrances on shares during the financial year ended March 31, 2026. The listed promoters and promoter group include Yogesh Agrawal, Parul Agrawal, and Ojaswini Avantika. This nil disclosure indicates no pledges, liens, or other encumbrances, providing reassurance on promoter shareholding stability.

  • ·Declaration submitted to BSE Limited on April 1, 2026, from New Delhi.
  • ·Scrip Code: 539206
AAYUSH ART AND BULLION LIMITEDMerger/Acquisitionneutralmateriality 3/10

03-04-2026

AAYUSH ART AND BULLION LIMITED (formerly AKM Creations Limited) submitted a yearly disclosure under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, from its Promoter for the financial year ended March 31, 2026, to BSE Limited. The filing, dated April 03, 2026, was signed by Managing Director Maulik Rajendrabhai Shah. No specific shareholding details or financial metrics are included in the notice.

  • ·CIN: L74110DL2009PLC196375
  • ·Company Symbol: AAYUSHBULL, Script Code: 540718
  • ·DIN: 07578813
Premier Energies LimitedMerger/Acquisitionpositivemateriality 9/10

03-04-2026

Premier Energies Limited completed the second and final tranche of its strategic acquisition of equity shares in Transcon Ind Limited by acquiring 52,073 shares for INR 250,30,97,037, achieving 51% shareholding in the Target Company. Consequently, Transcon Ind Limited became a subsidiary effective April 3, 2026, and Neotrafo Solutions India Private Limited became a step-down subsidiary. No negative impacts or performance declines were disclosed.

  • ·Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015.
  • ·References prior disclosures: PEL/2025-26/58 dated October 23, 2025 and PEL/2025-26/72 dated December 24, 2025.
  • ·Intimation received from Target Company at 10:52 a.m. (IST) on April 3, 2026.
Virat Industries Ltd.Merger/Acquisitionneutralmateriality 5/10

03-04-2026

Virat Industries Ltd disclosed under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, that promoters and promoter group hold 1,08,27,270 equity shares, representing 74.55% of the company's shareholding as on March 31, 2026. The disclosure confirms no encumbrances on these shares during the financial year ended March 2026.

  • ·Disclosure submitted to BSE on April 03, 2026, for the year ended March 31, 2026.
  • ·NIL encumbrances on promoter shares during FY26.
Mishka Exim LimitedMerger/Acquisitionneutralmateriality 3/10

03-04-2026

Mishka Exim Limited submitted a yearly disclosure under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, from its promoters for the financial year ended March 31, 2026. Promoters, including Rajneesh Gupta, confirmed no encumbrances were created on shares held by them or persons acting in concert during the year. As of March 31, 2026, none of the shares held (Nil) are encumbered or pledged.

  • ·BSE Script Code: 539220
  • ·CIN: L51909DL2014PLC270810
  • ·Varun Gupta DIN: 02282173
  • ·Rajneesh Gupta DIN: 00132141
  • ·Filing Date: April 03, 2026
Twamev Construction and Infrastructure LimitedMerger/Acquisitionneutralmateriality 8/10

03-04-2026

Tarun Chaturvedi, promoter of Twamev Construction and Infrastructure Limited, disclosed under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, that he created a pledge on 1,20,07,607 equity shares during FY 2025-26, which has since been released, with no other encumbrances on shares held by him. As on 31 March 2026, Tarun Chaturvedi and Persons Acting in Concert (PACs) collectively hold 13,02,98,301 equity shares, representing 84.08% of the grand total, all with nil encumbrances. The disclosure includes detailed shareholding patterns in Annexures A and B.

  • ·All listed shareholders and PACs report nil encumbrances as on 31 March 2026.
  • ·Ravi Todi HUF holds 10,00,000 shares (0.65%); Ravi Todi Family Trust holds 10,00,000 shares (0.65%).
Hannah Joseph Hospital LtdMerger/Acquisitionneutralmateriality 3/10

03-04-2026

Hannah Joseph Hospital Limited submitted an annual declaration under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, confirming that promoters, promoter group members, and persons acting in concert (PAC) have not created any direct or indirect encumbrance on equity shares held in the company during the financial year ended March 31, 2026. The disclosure was provided by Dr. Mosesjoseph Arunkumar, Promoter & Managing Director, on April 2, 2026, and forwarded by Company Secretary Yuvaraj Saravanan.

  • ·Scrip Code: 544687 | Symbol: HANNAH | ISIN: INEOJVH01012
  • ·CIN: L74999TN2011PLC082860
  • ·Disclosure date: April 2, 2026
Beekay Steel Industries Ltd.Merger/Acquisitionneutralmateriality 2/10

03-04-2026

Beekay Steel Industries Ltd. filed annual disclosures under SEBI (Substantial Acquisition of Shares & Takeovers) Regulation 31(4) with BSE Limited on April 03, 2026, confirming that the Promoter and Promoter Group, including persons acting in concert, have not made any encumbrance of shares directly or indirectly during the financial year ended March 31, 2026. Promoter Mukesh Chand Bansal explicitly declared that nil shares of the company are encumbered or pledged as on March 31, 2026. No changes or new encumbrances were reported compared to prior disclosures.

Jindal Stainless LimitedMerger/Acquisitionpositivemateriality 8/10

03-04-2026

Jindal Stainless Limited completed its committed ₹132 crore investment in Oyster Green Hybrid One Private Limited, a special purpose vehicle in collaboration with Oyster Renewable Energy Private Limited, by acquiring an additional 4.60% equity stake for ₹23.41 crore on April 3, 2026. The entity is developing a 282 MW inter-state wind solar hybrid captive renewable energy project expected to produce ~700 million units annually for the company's plants, abating around 6.5 lakh metric tonnes of carbon emissions per year. This aligns with the company's commitment to net zero carbon emissions by 2050 and supports future growth through renewable energy.

  • ·Oyster Green Hybrid One Private Limited incorporated on August 25, 2023, in Mumbai, India; no governmental or regulatory approvals required for the acquisition
  • ·Transaction at arm's length basis despite related party status via common promoter group
  • ·Previous intimation to stock exchanges on June 2, 2025
Ruchira Papers LimitedMerger/Acquisitionneutralmateriality 3/10

03-04-2026

Ruchira Papers Limited received a yearly disclosure under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, from the Promoter and Promoter Group confirming that no encumbrance was created on the company's shares, directly or indirectly, during the financial year ended March 31, 2026. The disclosure was submitted to BSE and NSE on April 1, 2026, and forwarded by the company on April 3, 2026. This maintains the status quo with no changes in promoter share encumbrances.

  • ·Disclosure dated April 1, 2026
  • ·Company address: Trilokpur Road, Kala-Amb, Distt: Sirmaur 173030, H.P.
  • ·Scrip Code: 532785, Trading Symbol: RUCHIRA EQ
Darshan Orna LimitedMerger/Acquisitionneutralmateriality 3/10

03-04-2026

Darshan Orna Limited submitted its annual disclosure under Regulation 31(4) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, for the financial year ended March 31, 2026. Promoter Mahendrakumar Ramniklal Shah, on behalf of the Promoter Group and Persons Acting in Concert, confirmed no encumbrance of shares, directly or indirectly, during the period. This nil disclosure indicates no changes in share pledges or related encumbrances.

  • ·BSE Scrip Code: 539884
  • ·CIN: L36910GJ2011PLC063745
  • ·Disclosure date: April 03, 2026
Gangotri Textiles LtdMerger/Acquisitionneutralmateriality 5/10

03-04-2026

Gangotri Textiles Ltd submitted disclosures under SEBI SAST Regulations 30(1) & 30(2) for promoter shareholdings as on March 31, 2026, to BSE (scrip code 521176), NSE, and CSE. Manoj Kumar Tibrewal holds 2,363,796 shares representing 7.248% of the total share/voting capital, while Anita Tibrewal holds 5,233,661 shares representing 16.047%. No changes in holdings, warrants, or convertible securities were reported.

  • ·PAN of Manoj Kumar Tibrewal: ABUPT5456C
  • ·PAN of Anita Tibrewal: ABSPT2940D
  • ·BSE Scrip Code: 521176
  • ·Disclosures dated April 1, 2026, for holdings as on March 31, 2026
Lorenzini Apparels LimitedMerger/Acquisitionneutralmateriality 3/10

03-04-2026

Lorenzini Apparels Limited submitted a declaration under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, confirming that promoters and promoter group, including Sandeep Jain HUF, have not made any encumbrance on their shares during the financial year ended March 31, 2026. This routine compliance filing assures investors of no undisclosed pledges or liens on promoter holdings. No financial metrics or changes in shareholding were reported.

  • ·Declaration covers financial year ended March 31, 2026.
  • ·Submitted to BSE (Scrip Code: 540952) and NSE (Symbol: LAL).
  • ·Company address: C-64, Okhla Industrial Area, Phase-I, New Delhi-110020.
Ashapuri Gold Ornament LimitedMerger/Acquisitionneutralmateriality 3/10

03-04-2026

Promoters and promoter group of Ashapuri Gold Ornament Limited disclosed under SEBI Regulation 31(4) that they held 160199442 shares as of March 31, 2026, with no encumbrances made directly or indirectly during the financial year ended March 31, 2026. The disclosure was submitted to BSE Limited (Scrip Code: 542579) on April 03, 2026. No changes in shareholding or pledges were reported.

  • ·BSE Scrip Code: 542579
  • ·Disclosure submitted on April 03, 2026 from Ahmedabad
  • ·Company address: 109 to 1124, 1st Floor, Supermall, Nr. Lal Bunglow, C.G. Road, Ahmedabad -380009, GJ, IN
SMT ENGINEERING LIMITEDMerger/Acquisitionneutralmateriality 6/10

03-04-2026

SMT Engineering Limited (formerly Adarsh Mercantile Limited) filed a disclosure under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, with BSE Limited on April 3, 2026. The disclosure, received from the Promoter on behalf of the Promoter and Promoter Group, pertains to the year ended March 31, 2026. It was signed by Ajay Jaiswal, Managing Director (DIN: 01754887).

  • ·Scrip Code: 538563
  • ·Disclosure date: April 3, 2026 (03.04.2026)
  • ·Applicable period: Year ended March 31, 2026
Adjia Technologies LtdMerger/Acquisitionneutralmateriality 3/10

03-04-2026

Adjia Technologies Limited submitted a declaration under Regulation 31(4) and 31(5) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, enclosing the annual disclosure by the Promoter and Promoter Group for the year ended March 31, 2026, to the Bombay Stock Exchange. The filing ensures compliance with substantial shareholding disclosure requirements. No specific changes in shareholding were detailed in the letter.

  • ·CIN: L74140GJ2015PLC085465
  • ·Scrip Code: 543269
  • ·Registered Office: Office No. 1039 & 1040, Money Plant High Street, Jagatpur Road, Near Ganesh Glory-11, Ahmedabad, Gujarat- 382481
Heritage Foods LimitedMerger/Acquisitionneutralmateriality 6/10

03-04-2026

Promoters and Promoter Group of Heritage Foods Limited disclosed under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, that they hold 3,83,27,742 shares (41.30%) as on March 31, 2026. They confirmed no encumbrance of shares, directly or indirectly, during the financial year ended March 31, 2026. The disclosure includes detailed breakdown of holdings among family members and entities.

  • ·Bhuvaneswari Nara: 2,26,11,525 shares (24.37%)
  • ·Nara Lokesh: 1,00,37,453 shares (10.82%)
  • ·Megabid Finance and Investment Private Limited: 51,90,937 shares (5.59%)
  • ·Brahmani Nara: 4,30,952 shares (0.46%)
  • ·Devaansh Nara: 56,075 shares (0.06%)
  • ·Ramakrishna Nandamuri: 800 shares (0.00%)
  • ·V Naga Raja Naidu: 0 shares
  • ·N Balakrishna: 0 shares
MAHAMAYA LIFESCIENCES LIMITEDMerger/Acquisitionneutralmateriality 3/10

03-04-2026

Mahamaya Lifesciences Limited disclosed under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, that the Promoter, Promoter Group, and persons acting in concert did not create any encumbrance on their shares during the financial year ended March 31, 2026. The disclosure, confirming no changes or pledges, was filed with BSE Limited on April 3, 2026, by Company Secretary Shilpi Bharadwaj and Promoter Krishnamurthy Ganesan.

  • ·Scrip Code: 544611
  • ·ISIN: INEQU9D01019
  • ·Disclosure date: April 3, 2026
  • ·Applicable period: Financial year ended March 31, 2026
  • ·CIN: L24233DL2002PLC115261
NEERAJ PAPER MARKETING LIMITEDMerger/Acquisitionneutralmateriality 4/10

03-04-2026

Neeraj Paper Marketing Limited received intimation from Mr. Shivam Goel on April 3, 2026, regarding the transmission of 16,500 equity shares previously held by Late Mr. Pankaj Goel, a member of the promoter group, to him in demat mode. The disclosure was made pursuant to Regulation 10(6) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. No financial impact or further details on shareholding percentages were provided.

  • ·Scrip Code: 539409
  • ·CIN: L74899DL1995PLC066194
  • ·Disclosure filed with BSE Limited on April 3, 2026
Modern Threads (India) LimitedMerger/Acquisitionneutralmateriality 3/10

03-04-2026

Modern Threads (India) Limited filed a yearly disclosure under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, confirming that the Promoter and Promoter Group, including Persons Acting in Concert, made no encumbrances of shares during the financial year ended March 31, 2026. The disclosure lists Rajesh Ranka (Promoter), Generotrade Exim LLP (Promoter Group), and Arihant Beneficiary Trust (Promoter Group, through trustee Lalitha Ranka) as relevant entities. This indicates no changes in share encumbrances by key shareholders.

  • ·PANs: Rajesh Ranka (AARPR8426Q), Generotrade Exim LLP (AAPFG5325D), Arihant Beneficiary Trust (AAFTA8098K)
  • ·Filing date: April 03, 2026
  • ·Target company CIN: L17115RJ1980PLC002075
  • ·Script codes: BSE 500282, NSE MODTHREAD
Sun Retail LimitedMerger/Acquisitionneutralmateriality 4/10

03-04-2026

Sun Retail Limited (Scrip Code: 542025) has disclosed that there is no identifiable promoter as on March 31, 2026, rendering provisions of Regulation 31(4) & 31(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 not applicable. The declaration was submitted to the Bombay Stock Exchange Limited on April 3, 2026, by Dharamjit Bhupatsinh Mori, Whole-Time Director & CFO.

  • ·CIN: L51909GJ2007PLC050974
  • ·Scrip Code: 542025
  • ·Registered Office: 722, Gala Empire, Drive in Road, Opp. Tv Tower Thaltej Ahmedabad-380054 Gujarat
Ganesh Consumer Products LimitedMerger/Acquisitionneutralmateriality 3/10

03-04-2026

Promoter Manish Mimani, on behalf of the promoters and promoter group of Ganesh Consumer Products Limited (formerly Ganesh Grains Limited), disclosed holding 2,61,90,977 Equity Shares as on March 31, 2026, under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. No encumbrances were made on these shares, directly or indirectly, during the financial year ended March 31, 2026. This is a routine yearly disclosure with no changes reported in holdings or pledges.

  • ·Scrip Code: 544528 (BSE), NSE Symbol: GANESHCP
  • ·CIN: L15311WB2000PLC091315
  • ·Filing Date: April 03, 2026
Cranex Ltd.Merger/Acquisitionneutralmateriality 3/10

03-04-2026

Cranex Limited disclosed under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, that Promoter and Promoter Group held 3125345 Equity Shares as on March 31, 2026. The disclosure confirms no encumbrances of shares, directly or indirectly, during the financial year ended March 31, 2026. This is a routine annual confirmation of shareholding with no changes reported.

  • ·Disclosure received from Mr. Chaitanya Agrawal on behalf of Promoter & Promoter Group.
  • ·Scrip Code: 522001; ISIN: INE608B01010.
Pasupati Acrylon LimitedMerger/Acquisitionneutralmateriality 3/10

03-04-2026

Promoters and Promoter Group of Pasupati Acrylon Limited declared holding 5,87,15,445 equity shares, representing 65.87% of the company, with no encumbrances made during the financial year ended March 31, 2026. This annual disclosure under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, Regulation 31(4), was submitted to BSE and NSE on April 3, 2026.

  • ·Stock Codes: BSE 500456, NSE PASUPTAC
  • ·Disclosure emailed to corp.relations@bseindia.com and takeover@nse.co.in
Sonal Mercantile LimitedMerger/Acquisitionneutralmateriality 4/10

03-04-2026

Sonal Mercantile Limited disclosed receipts of declarations under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, from promoters Vikram Goyal and Rajan Goyal, who hold zero shares as on 31 March 2026 and report no encumbrances during FY26. Promoter Group entity Ram Gopal Goyal & Sons LLP holds 36,72,396 shares as on the same date with no encumbrances during the year. No changes in holdings or pledges were reported by any party.

  • ·Disclosures submitted to BSE Limited on 03 April 2026 for FY ended 31 March 2026.
  • ·CIN of Sonal Mercantile Limited: L51221DL1985PLC022433.
  • ·No persons acting in concert (PAC) reported any encumbrances directly or indirectly.
Apollo Hospitals Enterprise LimitedCompany Updatepositivemateriality 9/10

03-04-2026

The National Company Law Tribunal (NCLT), Chennai Division Bench-II, vide order dated March 26, 2026, has allowed application CA (CAA)/8/(CHE)/2026 and directed convening of meetings of equity shareholders, secured creditors, and unsecured creditors of Apollo Hospitals Enterprise Limited (Demerged Company), along with unsecured creditors of Apollo Healthco Limited and Keimed Private Limited, to consider and approve the proposed composite scheme of arrangement. The scheme involves demerger from Apollo Hospitals Enterprise Limited, amalgamation of Apollo Healthco Limited (Transferor Company 1) and Keimed Private Limited (Transferor Company 2) into Apollo Healthtech Limited (Resultant Company), with meetings dispensed for certain classes and no creditors for the Resultant Company. The scheme remains subject to shareholder/creditor approvals, statutory/regulatory clearances, and final NCLT sanction.

  • ·Previous disclosures on scheme: June 30, 2025; September 24, 2025; December 24, 2025.
  • ·NCLT order uploaded on Tribunal website on April 2, 2026; certified copy awaited.
  • ·Meetings to be held via VC/OAVM for equity shareholders and physical mode for creditors; notices in Business Standard (English) and Hindu Tamizh Thisai (Tamil).
  • ·Dispensation sought for meetings of equity/preference shareholders of Transferor Companies 2,3,4 and secured creditors of Transferor Companies 2,3.

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