India Technology Sector Merger & Acquisition Filings — March 11, 2026

11-03-2026

Shreshta Infra Projects Private Limited has received the certified copy of the NCLT Bengaluru Bench order (C.P. (CAA) No.39/BB/2025) sanctioning a Composite Scheme of Arrangement involving 20 applicant companies, including transferors, transferees, demerged, and resulting companies such as Adarsh Ecstasy Projects Private Limited, Adarsh Realty And Hotels Private Limited, and others. This follows a prior intimation on February 16, 2026, with the order to be filed with the Ministry of Corporate Affairs within the stipulated timeframe. The scheme is under sections 230-232 of the Companies Act, 2013.

• ·CIN: U45200KA2011PTC060517
• ·Debt Scrip Code: 975332
• ·ISIN: INE0CKK08019
• ·NCLT Matter: C.P. (CAA) No.39/BB/2025
• ·Prior Intimation Date: February 16, 2026
• ·Letter Date: March 10, 2026

11-03-2026

The Hon’ble National Company Law Tribunal, Cuttack Bench sanctioned the Scheme of Amalgamation of Milk Mantra Dairy Private Limited (wholly-owned subsidiary) with Hatsun Agro Product Limited via order dated March 10, 2026, effective from the appointed date of April 1, 2025. The amalgamation aims to consolidate the group structure, achieve synergies in business activities, and enhance the combined entity's financial strength and flexibility. The scheme requires filing the certified order with the Registrar of Companies to become effective, with no objections from key stakeholders including over 90% of unsecured creditors, secured creditors (NIL), shareholders, and authorities like Income Tax Department.

• ·Earlier intimations: April 28, 2025; May 23, 2025; September 27, 2025.
• ·NCLT directions dispensed with meetings for shareholders, preference shareholders, secured (NIL) and unsecured creditors (>90% consent).
• ·Notices served to Regional Director, ROC, Income Tax, CCI, Official Liquidator; no material objections received.
• ·Filing with Registrar of Companies pending; to be informed to stock exchanges.

11-03-2026

The Board of Craftsman Automation Limited approved a phased internal restructuring of its Aluminium Products business, with the first phase involving boards of material subsidiaries DR Axion India Limited (DRA) and Sunbeam Lightweighting Solutions Limited approving a draft Composite Scheme of Arrangement. The scheme includes amalgamation of step-down wholly owned subsidiaries Suprash Developers Private Limited and Srikara Technologies Private Limited into DRA, followed by DRA's amalgamation into Sunbeam, aimed at consolidating operations, unifying assets, streamlining structure, and capitalizing on industry growth. Implementation is subject to shareholder, creditor, regulatory, and NCLT approvals; no impact on the listed company's shareholding.

• ·Share exchange ratio for DRA into Sunbeam: 1 fully paid equity share of ₹1 face value at ₹9 premium for every 1 share of ₹10 face value in DRA, post reorganization of Sunbeam's equity capital.
• ·No cash consideration or new share issuance for amalgamations of Suprash and Srikara into DRA, as they are wholly owned step-down subsidiaries.
• ·Prior intimation dated 13 February 2026; board meeting held 11 March 2026 from 3:55 PM to 4:15 PM.

11-03-2026

The Phoenix Mills Limited's subsidiary, Classic Mall Development Company Limited, has completed the allotment of 70,19,386 Class A Equity Shares (face value ₹10 each) in Torrent Green Energy Private Limited and Torrent Urja 22 Private Limited, securing a 34.23% stake. This follows the Security Subscription and Shareholders’ Agreement dated November 28, 2025, for procuring renewable energy from Torrent's captive generating plant. No financial performance metrics or comparisons were disclosed.

• ·Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• ·Information uploaded on company website: https://www.thephoenixmills.com/investors/FY2026/Exchange-Intimations
• ·Filing date: March 11, 2026

11-03-2026

Orosil Smiths India Limited disclosed a declaration received under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, to BSE Limited on March 11, 2026. The disclosure pertains to substantial acquisition or disposal of shares by promoters or persons acting in concert. No specific details on shareholding changes, quantities, or parties involved were provided in the filing.

• ·ISIN: INE628B01034
• ·Scrip Code: 531626
• ·Reference: OSIL/SEC/91/2025-26

11-03-2026

Ram's Assorted Cold Storage Limited (RASCL), a promoter group entity, acquired 14,29,914 equity shares of Suryo Foods & Industries Limited through subscription to a rights issue at ₹20 per share (face value ₹10 + premium ₹10), boosting its voting stake from 0.38% (15,000 shares) to 20.85% (14,44,914 shares). The rights issue allotted a total of 29,70,000 shares, increasing the target company's total equity share capital from ₹3.96 Cr (39,60,000 shares) to ₹6.93 Cr (69,30,000 shares). The allotment was approved by the board on March 9, 2026.

• ·RASCL CIN: U630220R1986PLC001677
• ·Suryo Foods scrip code on BSE: 519604
• ·Rights issue shares allotted at ₹20 each (₹10 face value + ₹10 premium)
• ·Disclosure filed under SEBI Takeover Regulations 29(1)

11-03-2026

Pilani Investment and Industries Corporation Limited disclosed under SEBI Regulation 29(2) the acquisition of 2,88,05,564 equity shares (2.36% stake) in Aditya Birla Lifestyle Brands Limited via open market purchases on March 2, 4, 5, 6, and 9, 2026, increasing its voting rights holding from 6,92,22,856 shares (5.67%) to 9,80,28,420 shares (8.03%). No shares were encumbered, and no warrants or convertible securities are held. The target company's total equity share capital remains unchanged at ₹1,220.50 Cr comprising 122,05,04,009 shares of ₹10 each.

• ·Acquisition breakdown: 50,60,000 shares on 02.03.2026; 60,40,564 shares on 04.03.2026; 56,05,000 shares on 05.03.2026; 60,00,000 shares on 06.03.2026; 61,00,000 shares on 09.03.2026
• ·Disclosure filed on March 11, 2026

11-03-2026

NCL Industries Limited disclosed the acquisition of its shares by the Promoter/Promoters group through the open market, in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company enclosed a letter from the promoters and notified both BSE and NSE on March 11, 2026. No specific details on the volume, price, or impact on shareholding were provided in the disclosure.

• ·CIN: L33130TG1979PLC002521
• ·ISO 9001:2015 certified company
• ·Registered office: 10-03-162, NCL Pearl, 7th Floor, Near Rail Nilayam, Opp. Hyderabad Bhawan, S.D. Road, Secunderabad – 500 026, Telangana, India

11-03-2026

BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Roshan Dealmark Pvt Ltd pertaining to Sattva Sukun Lifecare Ltd (BSE: 539519). This filing signals an intention by Roshan Dealmark Pvt Ltd to acquire shares in Sattva Sukun Lifecare Ltd that may cross substantial acquisition thresholds under SAST. No details on deal structure, valuation, share counts, percentages, or financial terms are disclosed.

11-03-2026

Promoter Siddharth Sethi disclosed the gift transfer of 5,000 equity shares (0.005% stake) of InfoBeans Technologies Ltd on March 9, 2026, via SEBI Regulation 29(2), reducing his and PACs' holding from 24.47% (23,725,504 shares) to 24.46% (23,720,504 shares). The change is negligible with promoter stake remaining virtually flat at ~24.5%. Total equity share capital unchanged at 96,959,440 shares of Rs.10 each.

• ·Shares listed on NSE and BSE.
• ·No encumbrances, warrants, or convertible securities held.
• ·Filing signed in Indore on March 11, 2026.

11-03-2026

Purshottam Investofin Ltd (538647) has filed a disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011, received from Artha Shree Pvt Ltd. This pertains to a substantial acquisition of shares or takeover-related activity. No specific details on deal structure, valuation, shareholding changes, or financial metrics are disclosed.

11-03-2026

Kamadgiri Fashion Ltd (BSE: 514322) has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received from Ashadevi Goenka. This disclosure signals an intention to acquire shares in the company that may cross substantial acquisition thresholds under SAST. No details on deal structure, size, valuation, shareholding changes, or other financial metrics are provided in the filing.

11-03-2026

Shri Kailash Chandra Nuwal, Promoter of Solar Industries India Limited, has disclosed the disposal of 2,08,82,963 equity shares, representing 23.08% of the paid-up share capital. Post-disposal, his holding will reduce to nil shares, signaling a complete exit by this key shareholder. This intimation is pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 and SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.

• ·Trading Symbol: SOLARINDS (NSE), Scrip Code: 532725 (BSE)
• ·Filing date: March 11, 2026

11-03-2026

MPIL Corporation Limited, a promoter/promoter group entity of Foods and Inns Limited, increased its shareholding from 0.65% (475,000 shares) to 4.08% (2,999,022 shares) through two open market acquisitions on March 9 and 10, 2026. The first purchase added 24,022 shares (0.03% increase) worth ₹12.00L, while the second added 2,500,000 shares (3.40% increase) valued at ₹13.37 Cr. No declines or flat holdings noted, signaling promoter confidence amid stable total equity capital of ₹73.53 Cr.

• ·Disclosures filed under SEBI Regulation 29(2) (Substantial Acquisition) and Regulation 7(2) (Insider Trading).
• ·Total diluted shares/voting capital unchanged at 73,531,558.
• ·No derivatives trading or encumbrances reported.
• ·PAN of MPIL: AAACM9326L.

11-03-2026

Ayushi Doshi, acting in concert with the promoter group of Shalibhadra Finance Limited, acquired 2,500 equity shares (0.01% of total diluted share capital) on March 11, 2026, via open market purchase. This increased her holding from 5,33,500 shares (1.73%) to 5,36,000 shares (1.74%). The total equity share capital of the company remains unchanged at 30,88,84,000 shares.

• ·Disclosure filed pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
• ·Scrip Code: 511754
• ·CIN: L65923MH1992PLC064886

11-03-2026

BLS International FZE, a wholly owned subsidiary of BLS International Services Limited, acquired 100% share capital of BLSEC S.A.S, an Ecuador-incorporated company in visa management and related services, for USD 1,000 in cash consideration, making it a wholly owned step-down subsidiary. The target's turnover grew strongly to USD 51,71,575 in December 2025 from USD 28,29,244 in December 2024, representing approximately 83% YoY growth with no reported declines. The acquisition aligns with the company's existing business lines and required no regulatory approvals.

• ·BLSEC S.A.S date of incorporation: 22 May 2023
• ·Presence of acquired entity: Ecuador
• ·No governmental or regulatory approvals required
• ·Acquisition completed in one tranche via cash; not a related party transaction

11-03-2026

Ramky Infrastructure Limited's Board of Directors, at a meeting on March 11, 2026, approved the acquisition of an unnamed company in water and wastewater management in India to expand presence in Water and Waste Water (WWW) Management and Urban Infrastructure Solutions. A Board committee has been authorized to negotiate and execute the Share Purchase Agreement (SPA) and allied agreements. Further details will be disclosed to stock exchanges post-execution.

• ·Board meeting commenced at 1:00 PM and concluded at 4:45 PM on March 11, 2026.
• ·Company CIN: L74210TG1994PLC017356; Scrip codes: NSE: RAMKY, BSE: 533262.

11-03-2026

Adani Defence Systems & Technologies Ltd (ADSTL), a wholly owned subsidiary of Adani Enterprises Limited, has completed the acquisition of an additional 14.2% stake in Air Works India (Engineering) Pvt. Ltd from Punj Lloyd Aviation Ltd, increasing its ownership from 85.76% to 99.98% at an enterprise value of ₹400 Cr. Air Works, engaged in aircraft MRO services, reported audited turnover growth to ₹571 Cr in FY24-25 from ₹356 Cr in FY23-24 (up ~60% YoY), though revenue was largely flat at ~₹354-356 Cr between FY22-23 and FY23-24. This move expands Adani's footprint in the aviation services sector.

• ·Acquisition completed on March 11, 2026 at 4:58 PM IST
• ·Transaction not a related party transaction; no governmental approvals required
• ·Air Works established in 1951; India's largest privately-owned aviation services & MRO company

11-03-2026

Samvardhana Motherson International Limited, through its indirect wholly owned subsidiary Motherson Global Investments B.V., completed the tender offer for Yutaka Giken Co., Ltd. (YGCL) on March 10, 2026, acquiring 1,408,867 common shares at JPY 3,024 per share, with settlement on March 17, 2026. This advances the acquisition of an 81% voting stake in YGCL (listed on Tokyo Stock Exchange) and 11% stake in its subsidiary Shinnichi Kogyo Co., Ltd. (62% owned by YGCL), following regulatory approvals from China, Brazil, Mexico, Japan, and the US.

• ·Tender offer commenced on February 9, 2026 under Japan's Financial Instruments and Exchange Act.
• ·Prior disclosures: August 29, 2025 (initial acquisition intent), January 30, 2026 (key transaction steps), February 06, 2026 (tender offer announcement), March 11, 2026 (results announcement).

11-03-2026

Manisha Umesh Modi, Promoter, Whole-time Director, and CFO of Jupiter Infomedia Limited, disclosed the disposal of 6,00,000 equity shares representing 5.99% stake on March 10, 2026, reducing her holding from 32.16% (32,22,500 shares) to 26.17% (26,22,500 shares). This mandatory disclosure was filed under SEBI (Substantial Acquisition of Shares and Takeovers) Regulation 29(2) and SEBI (Prohibition of Insider Trading) Regulation 7(2). The company's total equity share capital is unchanged at ₹10.02 Cr, comprising 1,00,20,000 shares of ₹10 each.

• ·Disclosure filed on March 11, 2026.
• ·Mode of sale: open market / off market / inter-se transfer etc. (not specified in detail).
• ·DIN of seller: 02057625.

11-03-2026

THINK Investments PCC (with PACs FDI and TIMF Holdings) and Think India Opportunities Master Fund LP disclosed a current shareholding of 3.48% (2,845,701 shares) in Arisinfra Solutions Limited under SEBI's Substantial Acquisition of Shares and Takeover Regulations, 2011. This reflects a 2.45% fluctuation downward from the prior reported holding of 5.93%. The disclosure was filed with BSE on March 10, 2026, via Citibank N.A.

• ·SEBI Registration Numbers: IN-MU-FP-0654-22, IN-MU-FP-0009-14, IN-CY-FP-0461-20

11-03-2026

HDFC Capital Affordable Real Estate Fund-1 (HCARE-1), through its trustee Vistra ITCL (India) Limited, disclosed the disposal of 12,73,530 shares (2.78% of total share capital) in Arvind SmartSpaces Limited via open market transactions on February 24, 2026 and March 9, 2026, reducing its holding from 17,32,200 shares (3.78%) to 4,58,670 shares (1.00%). The total paid-up equity capital of the company remains ₹45.87 Cr (4.58 Cr shares of ₹10 each), with diluted capital at ₹47.46 Cr. This represents a significant reduction in stake with no other changes in encumbrances or convertible instruments.

• ·Disclosure made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
• ·Scrip Code: 539301; Symbol: ARVSMART.
• ·HCARE-1 is a Category II alternative investment fund registered with SEBI; not part of Promoter/Promoter group.
• ·No shares in encumbrance, additional voting rights, or convertible securities involved.
• ·Place of signature: Mumbai; Date: March 10, 2026.

11-03-2026

Promoter group entities Pawan Kumar Sethia and Pawan Kumar Sethia HUF acquired 247 equity shares of Balurghat Technologies Ltd on December 29, 2025, increasing their voting rights holding from 27,564 shares (0.15%) to 27,811 shares (still 0.15%). The percentage stake remained flat despite the minor addition. Total equity share capital of the company stands at 1,82,00,000 shares of ₹10 each, valued at ₹18.2 Cr.

• ·Disclosure filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
• ·Mode of acquisition: Online.
• ·Total share/voting capital per BSE filing for quarter ended September 30, 2025.

11-03-2026

BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Gallantt Industry Pvt Ltd & PACs for Gallantt Ispat Limited (BSE: 532726). This filing signals a potential substantial acquisition of shares or change in shareholding crossing regulatory thresholds. No specific details on transaction size, share counts, percentages, valuation, or other metrics are provided in the disclosure.

11-03-2026

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

• ·Trading Symbol: 543462 (BSE), DEVIT (NSE)
• ·CIN: L30000GJ1997PLC033479
• ·Registered Office: 14, Aaryans Corporate Park, Near Shilaj Railway Crossing, Thaltej-Shilaj Road, Thaltej, Ahmedabad - 380 059, India

11-03-2026

Margarette Shwetha Thomas, part of the promoter/promoter group of Suraj Estate Developers Limited, acquired 16,754 equity shares (0.04% of voting capital) on March 9, 2026, via open market purchase on stock exchanges. This increased the promoter group's holding from 3,33,20,525 shares (69.75% voting rights, 67.86% diluted) to 3,33,37,279 shares (69.78% voting rights, 67.89% diluted). The transaction is a minor adjustment with no reported encumbrances or other changes.

• ·Disclosure filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
• ·NSE Symbol: SURAJEST; BSE Scrip Code: 544054.
• ·No shares encumbered, no warrants or convertible securities acquired in this transaction.

11-03-2026

Mukesh Sangla, a promoter and director of Signet Industries Limited, acquired 1,894 equity shares (0.002% of total capital) on the open market on March 9, 2026, increasing his voting shareholding from 1,114,139 shares (3.79%) to 1,116,033 shares (3.792%). The company's total equity share capital remains unchanged at 29,437,000 shares, with no encumbrances, warrants, or other instruments involved.

• ·Disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
• ·No shares in encumbrance, voting rights otherwise than by shares, or convertible securities
• ·Filing dated March 10, 2026 from Indore

11-03-2026

Mentor Capital Limited, acting in concert with promoter Mrs. Alpana Dangi, disclosed the acquisition of 1,02,919 equity shares (0.01%) in Authum Investment & Infrastructure Limited under Regulation 29(2) of SEBI (SAST) Regulations, 2011, filed on March 11, 2026. Pre-acquisition holdings stood at 55.45 Cr shares (65.30%) for Mrs. Alpana Dangi and 2.97 Cr shares (3.50%) for Mentor Capital Limited, totaling 58.42 Cr shares (68.79%). The acquisition represents a negligible increase with no material change to the promoter group's stake.

• ·Shares listed on BSE Limited and The National Stock Exchange of India Limited.
• ·Acquirer belongs to promoter/promoter group.
• ·No shares encumbered, no warrants or convertible securities involved.

11-03-2026

Raj Goenka, a member of the promoter group of GAMCO LIMITED, acquired 104,000 equity shares of ₹2 face value each through open market transactions from March 9 to 10, 2026, increasing his shareholding from 976,305 shares (1.81% of issued capital) to 1,080,305 shares (1.90%). The total issued and paid-up equity share capital of GAMCO LIMITED remains unchanged at 54,031,500 shares, aggregating to ₹10.81 Cr. No encumbrances, warrants, or other instruments are involved.

• ·Disclosure filed under Regulation 29(2) of SEBI (SAST) Regulations, 2011
• ·BSE Scrip Code: 540097
• ·No shares encumbered, no warrants or convertible securities held
• ·Mode of acquisition: Open market

11-03-2026

TIMF Holdings FDI AC, TIMF Holdings, THINK India Opportunities Master Fund LP, and THINK Investments PCC (collectively with PACs) have disclosed a current holding of 16,906,315 shares (6.84%) in Tilaknagar Industries Ltd, out of a paid-up equity capital of 247,170,825 shares. This mandatory disclosure is filed under SEBI's Substantial Acquisition of Shares and Takeover Regulations, 2011, via Citibank N.A. as authorized representatives. No prior holdings or changes are specified in the filing.

• ·SEBI Registration Nos: IN-MU-FP-0009-14 (TIMF HOLDINGS FDI AC), IN-CY-FP-0461-20 (THINK INDIA OPPORTUNITIES MASTER FUND LP), IN-MU-FP-0654-22 (THINK INVESTMENTS PCC)
• ·Filing dated March 10, 2026, submitted to BSE on March 11, 2026

11-03-2026

Bhoruka Supply Chain Solutions Holdings Limited, a promoter group entity of Transport Corporation of India Limited, acquired 1,000 equity shares on March 10, 2026, via open market, increasing its voting rights holding from 33,853,920 shares (44.1129%) to 33,854,920 shares (44.1142%). This change represents a negligible 0.0013% increase, which is effectively flat. The total equity share capital of TCI remains unchanged at ₹15.35 Cr (76,743,797 shares of ₹2 each).

11-03-2026

BSE received disclosures under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, for Moneyboxx Finance Ltd (538446) from Deepak Aggarwal and Mayur Modi on March 10, 2026, filed on March 11, 2026. No specific details on share acquisitions, percentages, deal values, or shareholding changes are disclosed in the announcement. This is a routine regulatory filing with no quantitative metrics provided.