India Sector Consolidation Regulatory Filings — March 13, 2026

13-03-2026

Indo City Infotech Ltd (BSE: 532100) has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received from Aneel Jain. This indicates Aneel Jain's intention to acquire shares, potentially crossing substantial shareholding thresholds, but no details on share count, percentage, valuation, or transaction structure are provided. No positive or negative financial metrics, synergies, or impacts are mentioned.

13-03-2026

The National Company Law Tribunal (NCLT) New Delhi Bench sanctioned the Scheme of Amalgamation of Lumax Ancillary Limited (wholly-owned subsidiary and Transferor Company) with Lumax Auto Technologies Limited (Transferee Company) on March 11, 2026, with the order received and disclosed on March 13, 2026. The scheme seeks to simplify corporate structure, achieve operational synergies, cost savings, and enhanced management focus in the automotive sector. However, the Registrar of Companies (RoC) highlighted concerns including pending Goods and Services Tax dues under dispute, contingent liabilities from litigation, and non-filing of quarterly returns with banks for the quarter ended March 31, 2025, despite quarterly returns being in agreement with books.

• ·First Motion Order dispensing with shareholder/creditor meetings passed on July 28, 2025.
• ·Tribunal directions for notices to authorities and newspaper publications issued on August 19, 2025; publications done on September 5, 2025.
• ·RoC report dated November 24, 2025; Regional Director representation dated December 22, 2025.
• ·Petitioner companies' replies to RoC observations dated December 26, 2025, clarifying use of Section 232 over fast-track Section 233 due to listed status, disputed nature of dues/litigation to transfer to Transferee, and no prejudice to revenue.

13-03-2026

BSE received a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Cospower Engineering Ltd (543172) pertaining to Swapna Gunda, indicating intention for a substantial acquisition of shares. No details on deal structure, shareholding changes, transaction value, or percentage stakes are disclosed in the filing. This is an early-stage regulatory intimation with no quantitative metrics provided.

13-03-2026

Promoter Group member G T Sandeep sold 9,500 equity shares (0.02% of total) of NCL Industries Limited via inter-se transfer on March 12, 2026, reducing his holding from 91,222 shares (0.20%) to 81,722 shares (0.18%). The company's total equity share capital remains unchanged at ₹45.23 Cr comprising 4.52 Cr shares of ₹10 each. This minor stake reduction by the promoter group does not impact overall control.

• ·Disclosure made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
• ·Mode of sale: inter-se transfer (off-market)
• ·No change in encumbrances, warrants, or other instruments

13-03-2026

Margarette Shwetha Thomas, a member of the promoter and promoter group, acquired 7,000 equity shares (0.01%) of Suraj Estate Developers Limited on March 12, 2026, via open market purchase on the stock exchange. This resulted in a negligible increase in the combined promoter and PACs holding from 69.78% (total share/voting capital) / 67.89% (diluted) to 69.80% / 67.91%, representing flat performance with no material change. The company's total equity share capital remains unchanged at ₹23.89 Cr, with 13.30 lakh warrants pending conversion.

• ·NSE Symbol: SURAJEST
• ·BSE Scrip Code: 544054
• ·Disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
• ·Mode of acquisition: Open market through stock exchange

13-03-2026

La Tim Metal & Industries Ltd (BSE: 505693) has announced that BSE received a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for La Tim Lifestyle & Resorts Ltd. This pertains to a planned substantial acquisition of shares or takeover activity. No details on deal structure, parties, valuation, stake size, or financial terms are disclosed in the filing.

13-03-2026

Saraswati Commercial (India) Ltd, an NBFC, has blocked ₹23.56 Cr via ASBA on March 13, 2026, to pay the first and final call at ₹401.25 per share on its existing 5,87,212 partly paid-up equity shares of Bharti Airtel Limited, converting them to fully paid-up shares representing 0.01% of share capital. This material investment (exceeding 2% of the company's net worth threshold) is in the ordinary course of its investment business. Bharti Airtel reported strong turnover growth to ₹1,08,943.85 Cr in FY2025 from ₹94,119.84 Cr in FY2024 (+15.7% YoY) and ₹84,720.12 Cr in FY2023 (+11.2% YoY prior).

• ·Bharti Airtel date of incorporation: 07.07.1995
• ·No governmental or regulatory approvals required
• ·No related party transaction; at arm's length
• ·Payment blocked on 13 March 2026 at 5:00 p.m. via ASBA

13-03-2026

Winro Commercial (India) Ltd., an NBFC, has blocked ₹42.98 Cr via ASBA for the first and final call payment at ₹401.25 per share on its existing 10,71,157 partly paid-up equity shares of Bharti Airtel Limited, converting them to fully paid-up shares with no change in 0.02% shareholding. This investment is in the ordinary course of business and exceeds the 2% net worth disclosure threshold under SEBI LODR. Bharti Airtel reported strong turnover growth to ₹1,08,943.85 Cr in FY25 (up 15.8% YoY from ₹94,119.84 Cr in FY24, which was up 11.2% from ₹84,720.12 Cr in FY23), with net worth at ₹1,11,752.88 Cr as of March 31, 2025.

• ·Bharti Airtel date of incorporation: 07.07.1995
• ·Payment blocked on 13 March 2026 at 05.00 p.m. via ASBA
• ·No governmental or regulatory approvals required
• ·No related party transaction

13-03-2026

Vizag Profiles Private Limited, a promoter of Steel Exchange India Limited holding 24.49 Cr shares (19.63% of total share capital), created a pledge on an additional 5 Cr shares (4.01%) in favor of Agarwal Coal Corporation Private Limited on March 11, 2026, as collateral for supply of materials on credit basis to the company/group companies. This increases their encumbered shares from 19.33 Cr (15.50%) to 24.33 Cr (19.51%). Total promoter group holding is 63.36 Cr shares (50.80%), with the new encumbrance representing 7.89% of their shareholding.

• ·Disclosure reported to stock exchanges on March 13, 2026.
• ·Pledge created on March 11, 2026, for collateral on credit supply of materials.
• ·Encumbrance is below 50% of promoter shareholding and below 20% of total share capital.

13-03-2026

The Board of Lloyds Metals and Energy Limited approved the allotment of 1,76,20,550 equity shares (face value ₹1 each) to 47 non-promoter allottees upon conversion of equivalent convertible warrants at ₹740 per share (₹481 balance paid), infusing ₹847.55 Cr into the company and increasing paid-up capital from 54.52 Cr shares to 56.28 Cr shares. Additionally, the board approved its wholly-owned subsidiary Lloyds Global Resources FZCO to acquire up to 49% equity stake in Cayman Islands-based Virtus Lloyds Minerals Holding (VLMH) for up to USD 1 million, targeting investments in copper and cobalt assets in DR Congo, expected to complete by end-April 2026. No declines or flat metrics reported.

• ·Original warrant allotment: 2,67,42,000 to promoters and 1,00,53,000 to non-promoters on Sep 18 & 25, 2024, post EGM on July 29, 2024, at ₹740 per warrant (₹259 upfront).
• ·Previous conversion intimations: Aug 12, 2025; Dec 31, 2025; Feb 3, 2026.
• ·VLMH incorporated on Feb 24, 2026; no prior financials available.
• ·New shares rank pari passu with existing shares.

13-03-2026

GeeCee Ventures Limited completed payment of ₹1.39 Crores towards the second and final call on 30,912 partly paid-up equity shares of Adani Enterprises Limited (AEL) at ₹450 per share, bringing the total cost of acquisition to approximately ₹5.56 Crores at ₹1,800 per share; the Company had applied for 34,000 shares via rights issue. This investment is described as a minuscule part of GeeCee's portfolio. However, AEL's turnover declined 16.6% YoY to ₹26,708.97 Crores in FY 2024-25 from ₹32,012.03 Crores in FY 2023-24, after a 52.5% drop from ₹67,324.71 Crores in FY 2022-23.

• ·No related party transactions or promoter interest in the acquisition.
• ·AEL industry: Trading - Minerals.
• ·No governmental or regulatory approvals required.
• ·Acquisition completed on March 13, 2026.
• ·AEL date of incorporation: March 02, 1993; presence in India, Australia, Indonesia, Singapore, Middle East, Southeast Asia.

13-03-2026

Orient Green Power Company Limited disclosed that the National Company Law Tribunal (NCLT), Division Bench II, Chennai, approved on March 10, 2026, a scheme of merger by absorption of promoter companies Nivedana Power Private Limited (NPPL) and Syandana Energy Private Limited (SEPL) into SVL Limited. This inter-se restructuring consolidates the promoters' shares in Orient Green into SVL, with no change to the aggregate promoter holding at 24.38%. The Company is not a direct party to the scheme.

• ·NCLT Division Bench II, Chennai issued order on March 10, 2026.
• ·BSE Scrip Code: 533263; NSE Scrip Code: GREENPOWER.
• ·Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015.

13-03-2026

Jubilant Ingrevia Limited has entered into a Share Purchase Agreement on March 13, 2026, to acquire 100% equity stake in Remidex Pharma Private Limited for ₹16.5 Cr in cash, making it a wholly owned subsidiary, with completion expected within 30 days. Remidex, a manufacturer of micronutrient premixes and nutraceuticals with a facility in Bangalore, reported FY24-25 turnover of ₹24.27 Cr, down 22% YoY from ₹31.15 Cr in FY23-24, though FY23-24 saw a slight 2% increase from ₹30.51 Cr in FY22-23. The acquisition aims to strengthen Jubilant Ingrevia's position in human nutrition premixes, leveraging its vitamins leadership.

• ·Remidex incorporated on June 15, 1981, in Bangalore, India
• ·No related party transaction; no interest from promoters/promoter group
• ·No governmental or regulatory approvals required
• ·Cash consideration only; no share swap
• ·Remidex holds certifications: WHO-GMP, FSSC, FSSAI
• ·Event occurred on March 13, 2026, at 8:00 PM IST

13-03-2026

The Board of Inventurus Knowledge Solutions Limited approved a further cash investment of up to USD 40 Mn in its wholly owned subsidiary Inventurus Knowledge Solutions, Inc. (IKS Inc.), with the first tranche of USD 20 Mn via acquisition of up to 31,096 shares at USD 643.19 per share, to be completed on or before May 31, 2026. IKS Inc., engaged in care enablement platforms for healthcare providers, reported FY 2024-25 revenue of ₹694.11 Cr, reflecting a 1.2% YoY decline from ₹702.79 Cr in FY 2023-24 despite a 14.7% increase from ₹605.47 Cr in FY 2022-23.

• ·IKS Inc. incorporated on September 19, 2006, in Delaware, USA, with principal place of business in the U.S.
• ·Transaction is related party but on arm's length basis; no promoter/promoter group interest.
• ·Board meeting held on March 13, 2026, from 07:10 p.m. to 07:20 p.m. IST.

13-03-2026

SRM Energy Limited announced the completion of the acquisition of 64.5 lakh equity shares by Mr. Umesh Narpatchand Sanghvi and Mrs. Sapna Sanghvi from Spice Energy Private Limited. As a result, the Acquirers are now classified as Promoters of the Company, while Spice Energy Private Limited and its wholly-owned subsidiary Nyra Holdings Private Limited have ceased to be part of the Promoter/Promoter group. The Company confirmed compliance with SEBI Listing Regulations 31A(3)(b) and 31A(3)(c).

• ·Share Purchase Agreement (SPA) executed on September 25, 2025.
• ·Letter of Offer dated February 03, 2026.
• ·Intimation under Regulation 31A(10) of SEBI Listing Regulations.

13-03-2026

The Hon’ble NCLT Chennai Bench approved the Scheme of Amalgamation merging wholly-owned subsidiary Ind Eco Ventures Limited into Indowind Energy Limited on March 10, 2026 (received March 12, 2026), effective from the appointed date of April 1, 2023 upon filing with ROC, aiming to simplify holding structure, reduce management overlaps and compliance costs, optimize capital, and eliminate inter-company transactions. However, approval follows regulatory concerns including a 2019 inquiry under Section 206(4) against the Transferor for multiple violations (e.g., Sections 129, 139), with 5 compounding applications filed (4 approved, 1 pending). The Transferee undertakes to handle all pending litigations post-merger.

• ·Appointed date: 1st April 2023
• ·First Motion Order: 02.09.2025 (dispensed meetings)
• ·Second Motion directions: 11.12.2024
• ·Regional Director reports: 04.03.2025 (interim), 20.05.2025, 02.12.2025, 15.12.2025
• ·Past violations by Transferor: Sections 118(10), 134(3), 143(3), 77, 82, 12(2), 186, 129 (multiple), 139
• ·Ind Eco Ventures CIN: U24231TN1982PLC009345
• ·Indowind Energy CIN: L40108TN1995PLC032311
• ·Scrip Code BSE: 532894, NSE Symbol: INDOWIND

13-03-2026

Promoters of Nilachal Refractories Ltd. conducted inter se share transfers via gift on March 10, 2026, exempt from open offer under SEBI Regulation 10(1)(a)(ii), with prior disclosure filed on March 2, 2026. Key acquirers including Pankaj Jalan (stake up from 1.80% to 5.07%), Niraj Jalan (0.74% to 3.88%), and Bhagwati Prasad Jalan & Sons HUF (2.70% to 3.51% and separately 0.37% to 0.74%) acquired a total of 15,45,000 shares at NIL price from family sellers like Bela Jalan and Piyush Jalan. No cash consideration was involved, reflecting internal promoter consolidation with no reported declines in holdings.

• ·BSE scrip code: 502294; Calcutta Stock Exchange scrip code: 019120
• ·All transfers at NIL price as they are through gift
• ·Disclosures compliant with Regulation 10(5), filed March 2, 2026

13-03-2026

Mangalam Industrial Finance Limited disclosed that promoter Wardwizard Solutions India Private Limited created a pledge on 9 crore equity shares (6.32% of total share capital) in favor of DY Captive Projects LLP as collateral for financial assistance, pursuant to a pledge agreement dated March 7, 2026, with creation on March 10, 2026. The promoter's total holding stands at 10.55 crore shares (7.40%), with no prior encumbrance noted for these shares. This encumbrance does not change ownership but secures the promoter's shares against the loan.

• ·Disclosure reported to BSE on March 12, 2026, and filed on March 13, 2026.
• ·No prior encumbrance on the pledged shares; other promoters/PACs reported with zero encumbered shares.

13-03-2026

Swarna Malhotra, part of the promoter group of Sunshield Chemicals Limited, disclosed under SEBI Takeover Regulations the open market acquisition of 2,000 equity shares on March 13, 2026, increasing her holding from 66,877 shares (0.76%) to 68,877 shares (0.78%). The total promoter group holding, including PACs like Indus Petrochem Limited (62.36%), rose marginally from 66.31% to 66.33%. This represents a very minor flat increase with no significant change in control.

• ·Mode of acquisition: Open Market
• ·No encumbrances, warrants, or convertible securities held
• ·Disclosure filed with BSE Limited (Scrip Code: 530845)

13-03-2026

Dev Information Technology Limited disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, that it received disclosures from Xduce Technologies Private Limited regarding a substantial acquisition of shares. The company has enclosed the disclosures and requested stock exchanges to take them on record. No specific details on the acquisition size, terms, or impact were provided in the filing.

• ·Letter dated 12 March 2026, filed on 13 March 2026
• ·Trading symbols: 543462 (BSE), DEVIT (NSE)
• ·CIN: L30000GJ1997PLC033479

13-03-2026

Promoter Vikram Navalchand Shah of Rikhav Securities Limited disclosed the open market sale of 3,00,800 equity shares (0.79% of total capital) on March 11, 2026, under SEBI Takeover Regulations 29(2). This reduced his voting shareholding from 20,07,876 shares (5.24%) to 17,07,076 shares (4.46%). The company's total equity share capital remains unchanged at 3,82,92,000 shares of ₹5 each (₹19.15 Cr).

• ·Disclosure filed on March 12, 2026, to BSE Limited.
• ·Mode of sale: Open market.

13-03-2026

Bemco Hydraulics Ltd (BSE:522650) has a disclosure under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE from Sri Ramachandra Enterprises Pvt Ltd. No details on acquisition size, shareholding percentages, valuation, or transaction structure are provided in the filing. This is an informational SAST disclosure indicating potential substantial share acquisition activity, with no quantitative metrics or financial impacts mentioned.

13-03-2026

BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Satishkumar Shah for Sacheta Metals Ltd (531869). This filing signals an intention to acquire shares that may cross substantial acquisition thresholds (e.g., towards 25% stake). No details on deal structure, size, valuation, share counts, percentages, or transaction terms are disclosed.

13-03-2026

Promoters of Balu Forge Industries Limited, including Mr. Jaspalsingh Prehladsingh Chandock (acquirer) and PACs Mr. Trimaan Jaspalsingh Chandock and Mr. Jaikaran Jaspalsingh Chandock, disclosed under SEBI Regulation 29(2) the preferential allotment of 15 lakh equity shares to Mr. Jaikaran on March 6, 2026, increasing the group's stake from 53.17% to 53.76% of post-issue paid-up capital. However, the diluted shareholding stake remained flat at 53.99%. The company's paid-up equity capital expanded from ₹117.62 Cr to ₹119.12 Cr, with total diluted capital at ₹121.39 Cr.

• ·Mode of acquisition: Preferential Allotment
• ·Disclosure filed on March 12, 2026 to BSE and NSE

13-03-2026

BSE received disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sudhir Sethi regarding Beryl Drugs Ltd. No details on acquisition size, valuation, shareholding changes, or transaction structure are disclosed in the filing.

13-03-2026

Achyut Healthcare Ltd (BSE: 543499) has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received from Akshit M Raycha HUF. This indicates an acquisition or disposal of shares crossing specified thresholds, but no details on share count, percentage change, or transaction value were provided. No positive or negative metrics, financial impacts, or further context were disclosed.

13-03-2026

Wasatch Advisors LP disclosed under SEBI (SAST) Regulation 29(2) the off-market sale of 1,339,659 shares (0.179% stake) in AU Small Finance Bank Ltd on March 11, 2026, reducing its holding from 23,690,876 shares (3.167%) to 22,351,217 shares (2.988%). The bank's total equity share capital remains ₹748.09 Cr with 748,091,100 issued shares at par value of ₹10. No other changes in encumbrances, voting rights, or convertible securities.

• ·Mode of transaction: Off Market Transfer
• ·Scrip codes: AUBANK (NSE), 540611 (BSE)
• ·No shares encumbered, no additional voting rights or convertible securities held

13-03-2026

Mrs. Pratima Sandhir, Whole-Time Director and promoter group member of Vibhor Steel Tubes Limited, acquired 2,510 equity shares (0.01% of total paid-up capital) through an open market transaction on the NSE on March 11, 2026, at ₹110.319 per share. This increased her shareholding from 338,500 shares (1.78%) to 341,010 shares (1.79%). The company's total equity share capital is ₹18.96 Cr, comprising 1,89,62,443 equity shares of ₹10 each.

• ·Disclosure filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
• ·Mode of acquisition: Open market transaction on NSE
• ·No change in total diluted share/voting capital post-acquisition

13-03-2026

BSE has received a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Abhinandan Jain & Others pertaining to Universus Photo Imagings Limited (542933). This filing signals a potential substantial acquisition of shares in the technology sector company. No specific details on transaction value, shareholding changes, deal structure, or financial metrics are disclosed.

13-03-2026

BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Orissa Bengal Carrier Limited (541206) pertaining to Ravi Agrawal, indicating a substantial acquisition or disposal of shares crossing specified thresholds. No details on transaction size, shareholding percentages, direction (acquisition or disposal), valuation, or parties beyond Ravi Agrawal are provided. This is an informational SAST compliance filing with no quantitative financial or operational metrics disclosed.

13-03-2026

Embassy Buildcon LLP has pledged an additional 36,00,000 equity shares (2.69%) of WeWork India Management Limited in favor of Catalyst Trusteeship Limited as debenture trustee, increasing total encumbered shares from 2,41,03,489 (17.98%) to 2,77,03,489 (20.67%). This encumbrance secures unrated, unlisted, secured, redeemable NCDs issued by Serenesummit Realty Private Limited for up to ₹577.5 Cr. No change in total equity share capital of ₹134.02 Cr (13,40,23,259 shares of ₹10 each).

• ·Disclosure filed pursuant to Regulation 29(2) of SEBI (SAST) Regulations, 2011
• ·Pledge created on March 10, 2026; disclosure letter dated March 12, 2026

13-03-2026

Manisha Umesh Modi, Promoter, Whole-time Director and CFO of Jupiter Infomedia Limited, disclosed the sale of 1,50,000 equity shares (1.50% stake) on March 12, 2026, pursuant to a Share Purchase Agreement dated April 09, 2025, reducing her holding from 26,22,500 shares (26.17%) to 24,72,500 shares (24.68%). The transaction was executed at ₹50 per share for a total value of ₹75 lakh, with no changes in encumbrances, voting rights, or convertible securities. This represents a decrease in promoter stake with no offsetting increases reported.

• ·ISIN: INE524N01014
• ·Disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011 and Regulation 7(2) of SEBI (PIT) Regulations, 2015
• ·No trading in derivatives reported