India Technology Sector Merger & Acquisition Filings — March 16, 2026

16-03-2026

The Board of POCL Enterprises Limited (POEL) approved the Scheme of Amalgamation of its associate Planetfirst Green Private Limited (PGPL) into POEL on March 16, 2026, with an Appointed Date of April 1, 2026, aiming for vertical integration, expansion into Western India, and operational synergies. As of December 31, 2025, PGPL reported high turnover of ₹1,391.22 Cr but a negative net worth of ₹(115.49) Cr, while POEL (standalone) had net worth of ₹182.15 Cr and turnover of ₹1,099.40 Cr. Post-scheme, POEL's promoter shareholding dilutes slightly from 40.15% to 39.41%, with new equity shares issued at a 13:100 ratio for PGPL equity shareholders.

• ·Share exchange ratio: 13 POEL equity shares for every 100 PGPL equity shares (face value ₹10 to ₹2); 5 POEL equity shares for every 100 PGPL preference shares.
• ·POEL holds 40% equity and 85% preference shares in PGPL, which will be cancelled without new issuance.
• ·Scheme approved by Audit Committee and Independent Directors; subject to NCLT, SEBI, BSE, shareholders, and creditors approvals.
• ·Valuation report and fairness opinion dated March 16, 2026; no cash consideration involved.

16-03-2026

Sacheta Metals Ltd (BSE: 531869) has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received from Ankit Shah, indicating his intention to acquire shares that may cross substantial acquisition thresholds. No details on deal structure, valuation, share count, percentage stake, or transaction terms are provided in the filing. This is an early-stage SAST compliance disclosure with no quantitative financial or operational metrics mentioned.

16-03-2026

Cryogenic OGS Limited (Scrip Code: 544440) has incorporated a wholly-owned subsidiary, Cryogenic OGS Middle East F.Z.E, in the UAE under Ajman Free Zones Authority, with subscribed capital of 1,00,000 AED for 100 shares. The subsidiary operates in Heavy Equipment & Machinery Spare Parts Trading Import & Export to explore growth opportunities in the region. Mr. Dhairya Patel, a director of the parent company, has been appointed as a director in the subsidiary.

• ·Earlier intimation dated 17 January 2026.
• ·SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30 January 2026.
• ·Website: www.cryogenicogs.com
• ·Turnover: NIL (newly incorporated)
• ·Timeline for compliances: In accordance with UAE laws and India's ODI regulations.

16-03-2026

Dhanashree Investments Private Limited, a promoter group entity, acquired 17,118 equity shares (0.027% of total capital) of Seshasayee Paper and Boards Limited on March 16, 2026, through open market purchases at ₹250.63 per share, increasing its holding from 4.7506% (2,996,172 shares) to 4.7778% (3,013,290 shares). The transaction value was approximately ₹42.90 Lakh. No other changes in encumbrances, voting rights, or convertible securities were reported.

• ·Disclosure made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
• ·Scrip codes: NSE - SESHAPAPER, BSE - 502450.
• ·No changes in shares encumbered, voting rights otherwise than by shares, or warrants/convertible securities.

16-03-2026

Transpek Industry Ltd (BSE: 506687) has announced receipt of a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Dipkanti Investments & Financing Pvt Ltd. This filing indicates the entity's intention to acquire shares in Transpek Industry Ltd that would result in holding 5% or more voting rights. No details on stake size, valuation, transaction structure, or timeline are disclosed in the filing.

16-03-2026

Ayushi Doshi, part of the promoter/promoter group of Shalibhadra Finance Limited, acquired 9,000 equity shares (0.03% of total share capital) on March 16, 2026, via open market purchase, increasing her holding from 536,000 shares (1.74%) to 545,000 shares (1.76%). No changes in encumbrances, voting rights outside shares, or convertible securities. The total equity share capital remains unchanged at 30,88,84,000 shares.

• ·Disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
• ·Scrip Code: 511754
• ·CIN: L65923MH1992PLC064886
• ·Mode of acquisition: Open Market

16-03-2026

Mrs. Mamta Rajiv Agrawal, part of the promoter/promoter group of Mahip Industries Limited, acquired 31,00,000 equity shares (16.11% stake) off-market on March 13, 2026, increasing her holding from 12,28,528 shares (6.39%) to 43,28,528 shares (22.50%). The company's total equity share capital remains unchanged at ₹19,23,99,840 divided into 1,92,39,984 equity shares of ₹10 each. No encumbrances, additional voting rights, or convertible securities are reported.

• ·Disclosure filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
• ·Mode of acquisition: Off Market
• ·No shares encumbered (pledge/lien/non-disposal undertaking)
• ·No warrants, convertible securities, or other instruments held

16-03-2026

La Tim Metal & Industries Limited (BSE: 505693) has filed disclosures under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The disclosures pertain to La Time Lifestyle & Resorts Ltd, signaling potential substantial acquisition activity crossing shareholding thresholds. No quantitative details such as deal size, stake percentages, valuation, or transaction structure are provided in the filing.

16-03-2026

Websol Energy System Ltd (BSE: 517498) filed a disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on March 16, 2026, pertaining to Sohan Lal Agarwal & Others. This SAST filing indicates a potential substantial change in shareholding by the named parties, likely promoters, but no specific details on acquisition volume, shareholding percentages, direction of change, or transaction value are disclosed. No financial metrics, deal structure, or other quantitative data provided.

16-03-2026

MedPlus Health Services Limited's Board of Directors, at its meeting on March 16, 2026, approved the incorporation of a Section 8 Private Limited Company as a Wholly Owned Subsidiary exclusively for undertaking CSR activities. The subsidiary will be 100% owned by the company via subscription to share capital at face value, with the name pending approval from the Registrar of Companies Hyderabad. Requisite disclosures will be provided to stock exchanges upon incorporation.

• ·Board meeting commenced at 11:00 A.M. and concluded at 4:50 P.M. on March 16, 2026
• ·Country of incorporation: India
• ·CIN No: L85110TG2006PLC051845

16-03-2026

Waaree Solar Americas Inc. (WSA), a wholly owned subsidiary of Waaree Energies Limited, completed the acquisition of 53,68,551 series B preferred shares of United Solar Holding Inc. for a total consideration of approximately USD $30 Mn on March 16, 2026. This follows the company's initial disclosure on December 19, 2025, with intimation received at 17:31 p.m. IST. No financial impacts or performance metrics were disclosed in the filing.

• ·Initial disclosure dated December 19, 2025.
• ·Company website: www.waaree.com
• ·Scrip Code: 544277, Trading Symbol: WAAREEENER

16-03-2026

Alok Bansidhar Shriram, acting as part of the promoter/promoter group, acquired 65.54 L shares (7.53% stake) in DCM Shriram Industries Ltd off-market on March 13, 2026, increasing his personal holding from 2.75% (23.89 L shares) to 10.28% (89.43 L shares). The Persons Acting in Concert (PAC) with the acquirer collectively hold 50.11% (4.36 Cr shares) post-acquisition. Total equity share capital remains unchanged at 8.70 Cr shares.

• ·Disclosure filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
• ·Shares listed on NSE/BSE
• ·Acquisition mode: Off-Mkt (off-market)
• ·PAC #1: Alok Shriram Karta L. Bansi Dhar & Sons (HUF) - 13.83%
• ·PAC #3: Mrs. Urvashi Tilakdhar & Family - 10.28%
• ·PAC #4: Mr. Alok B. Shriram & Family - 10.28%
• ·PAC #5: Mr. Madhav B. Shriram & Family - 10.28%
• ·Foundation/Nominee: 3.42%

16-03-2026

Bajaj Electricals Limited has executed definitive agreements to acquire the 'Morphy Richards' brand intellectual property rights, including trademarks, goodwill, domain names, and social media accounts, in India, Nepal, Bhutan, Bangladesh, Maldives, and Sri Lanka from Glen Electric Limited for a net consideration of ₹141.40 Cr, payable in three instalments, with total cash outflow of ₹197.47 Cr including taxes. This acquisition terminates the prior trademark license agreement effective March 16, 2026, and provides full ownership to strengthen the company's multi-brand strategy in premium appliances. The deal builds on over two decades of collaboration, with the company's FY24-25 turnover at ₹4,828 Cr.

• ·Territories covered: India, Nepal, Bhutan, Bangladesh, Maldives, Sri Lanka
• ·Prior license agreement: Trade Mark Licence Agreement dated March 17, 2022, novated effective December 1, 2022
• ·Earlier board approval intimation: September 23, 2025
• ·Payment in GBP Sterling; currency exchange risk borne by Seller
• ·Company CIN: L31500MH1938PLC009887

16-03-2026

Promoter group member Kalidindi Ravi acquired 4,000 shares (0.01% of total) on the open market on March 13, 2026, marginally increasing stake from 6.81% to 6.82% (30,82,128 to 30,86,128 shares). Kakatiya Industries Private Ltd, another promoter group entity, acquired 1,450 shares (0.00%), with holding unchanged at 1.31% (5,92,462 to 5,93,912 shares). Total equity share capital remains ₹45.23 Cr (45,232,790 shares of ₹10 each).

• ·Disclosure made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
• ·Acquisitions via open market on March 13, 2026
• ·Filing date: March 16, 2026

16-03-2026

Mayur Leather Products Ltd (BSE: 531680) has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received from Rajendra Kumar Poddar & PACs. This indicates an intention to acquire shares that may cross substantial shareholding thresholds. No quantitative details such as share count, percentage changes, deal size, or financial metrics are disclosed in the filing.

16-03-2026

Hardik Desai Family Trust (Promoter Group) disclosed under SEBI Regulation 29(2) the acquisition of 4,700 equity shares of Trident Lifeline Limited (scrip code: 543616/TLL) on the open market, increasing its holding from 7.03% to 7.06% of total share capital (6.72% to 6.75% diluted). This represents a marginal 0.03% increase, which is essentially flat. Equity share capital before the acquisition stood at ₹11.93 Cr, with post-acquisition diluted voting capital at ₹12.49 Cr.

• ·Mode of acquisition: Open Market
• ·Date of acquisition: 27.03.2026 (approx., per disclosure)
• ·Disclosure filing date: 16.03.2026
• ·Place: Surat, Gujarat

16-03-2026

Axis Trustee Services Limited, as debenture trustee for Vedanta Limited's ₹2,575 Cr unsecured listed redeemable non-convertible debentures, disclosed under SEBI Takeover Regulations the creation of a non-disposal undertaking (encumbrance) over 50.10% (2,116,884,819 shares) of Hindustan Zinc Limited's share capital via a Debenture Trust Deed dated March 12, 2026, restricting Vedanta from disposing or encumbering its 50.1% stake until debenture redemption. This ensures Vedanta's continued legal ownership and control of HZL. Separately, a partial pledge release of 0.23% (9,591,486 shares) occurred on June 13, 2025, reducing the pledge holding from 2.30% to 2.07%.

• ·Debenture Trust Deed executed on March 12, 2026
• ·Disclosure filed on March 16, 2026 pursuant to Regulation 29(2) of SEBI Takeover Code
• ·Existing non-disposal undertakings under prior facilities (Note 2)

16-03-2026

AXISCADES Technologies Limited's Board approved the acquisition of the remaining 24% stake (1,50,000 equity shares) in Cades Studec Technologies India Private Limited (CSTI) from STUDEC SAS France for USD 1.5 million, making CSTI a wholly-owned subsidiary by June 2026. CSTI's turnover grew modestly to ₹19.85 Cr in FY24-25 (up 3.1% YoY from ₹19.25 Cr), following 13.6% growth from ₹16.94 Cr in FY22-23, with net worth at ₹28.07 Cr. The acquisition aligns with the company's business in technical publications, though it involves related party elements including KMP interests.

• ·CSTI date of incorporation: 20/03/2006
• ·No governmental or regulatory approvals required
• ·Board meeting held on March 16, 2026, from 05:45 PM to 06:05 PM IST
• ·CSTI industry: Architecture and engineering activities; technical testing and analysis
• ·Related party transaction: CSTI is current subsidiary; KMP hold nominee shares

16-03-2026

Leela Palaces Hotels & Resorts Limited's Capital Investment Committee approved an investment of ₹231.20 Cr in its wholly-owned subsidiary Leela Luxe Hotels & Resorts Private Limited (LLHRPL) through a rights issue of 2,31,20,000 equity shares at ₹100 each (including ₹90 premium). The investment supports strategic initiatives such as development, expansion, refurbishments, working capital, and general corporate purposes. LLHRPL, incorporated on November 28, 2025, operates in the hospitality sector with no historical turnover data available.

• ·Transaction exempted from related party transaction norms as it is via rights issue.
• ·No change in Company's shareholding; LLHRPL remains wholly-owned subsidiary.
• ·Indicative completion timeframe: March 2026.
• ·LLHRPL turnover for FY 2024-25, FY-24, FY-23: N.A.
• ·Country of presence: India; Industry: Hospitality.

16-03-2026

SNS Infrarealty LLP, promoter of Smartworks Coworking Spaces Limited, acquired 25,000 equity shares (approximately 0.01% of total shareholding) from the open market on March 12 and 13, 2026. This voluntary disclosure is made despite not triggering mandatory requirements under SEBI regulations, as the acquisition is less than 2%. The move signals promoter confidence in the company.

• ·ISIN: INE0NAZ01010
• ·NSE Scrip Symbol: SMARTWORKS
• ·BSE Scrip Code: 544447
• ·CIN: L74900DL2015PLC310656

16-03-2026

Eswara Rao Nandam and persons acting in concert (Uma Nandam, Vishaal Nandam, Ajaraya Business Corporation) disposed 3,316,983 equity shares (6.154% of total voting rights) of Hit Kit Global Solutions Ltd on or around 13 March 2026, reducing their aggregate shareholding from 11,987,130 shares (22.240%) to 8,670,147 shares (16.086%). This change exceeds 2% of total voting rights, triggering disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. No encumbrances, voting rights outside shares, or convertible securities were involved before or after the disposal.

• ·Disclosure references earlier filing dated 4 March 2026 under Regulation 29(2).
• ·Disposer address: Flat No 702 Clarendon 1, Hiranandani Parks, Oragadam, Chengalpattu District, Tamil Nadu 603 204; PAN: AERPR3003B; Contact: +91 9790 9190 15.
• ·Submitted to Compliance Officer at Hit Kit Global Solutions Ltd, Office NO 3131/B, Rustomjee Eaze Zone, Laxmi Singh Complex, Malad West, Mumbai, MH India 400 064.

16-03-2026

Kiran Poddar, part of the Promoter/Promoter Group of Mayur Uniquoters Ltd, acquired 931 equity shares (face value ₹5 each) on March 12, 2026, pursuant to SEBI (SAST) Regulation 29(2), increasing his personal holding from 4,581 shares (0.011%) to 5,512 shares (0.013%). However, the total Promoter/Promoter Group holding remained flat at 58.59% (25,460,218 shares). The company's total equity share capital stands at 43,452,600 shares valued at ₹21.73 Cr.

• ·NSE Scrip Name: MAYURUQ; BSE Scrip Code: 522249
• ·Disclosure filed on March 16, 2026
• ·No encumbrances, warrants, or convertible securities held by Promoter/Promoter Group

16-03-2026

Promoter Ashok Jain transferred 1,47,810 equity shares (3% of total share capital) of Fluidomat Ltd. via gift deed to family members Sunaina Jain (98,540 shares, 2%) and Radhica Sharma (49,270 shares, 1%) on March 13, 2026. His personal holding declined from 20.66% (10,17,952 shares) to 17.66% (8,70,142 shares), while the total promoter/promoter group holding remained unchanged at 53.45% (26,33,546 shares). No consideration was received, and total equity share capital stayed at 49,27,000 shares of ₹10 each.

• ·Disclosure filed on March 14, 2026, under SEBI (SAST) Regulation 29(2)
• ·No change in shares carrying voting rights, encumbrances, warrants, or convertible securities
• ·Transfer mode: inter-se gift through executed gift deed

16-03-2026

Brillant Properties Pvt. Ltd. disclosed the sale of 17,01,313 (3.49%) equity shares of Parle Industries Limited via open market transactions from March 5 to 13, 2026, reducing its shareholding from 80,04,313 shares (16.40%) to 63,03,000 shares (12.92%). This represents a 21.2% decline in the seller's holding percentage. Parle Industries' total equity share capital remains unchanged at 4,88,00,000 shares of ₹10 each (₹48.8 Cr).

• ·Disclosure filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
• ·Transactions executed through open market on BSE Limited (Scrip Code: 532911).
• ·Seller not classified as Promoter/Promoter group.

16-03-2026

Beryl Drugs Ltd (BSE: 524606) has filed a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, pertaining to Sudhir Sethi. No details on deal structure, valuation, shareholding changes, or transaction specifics are provided in the filing. This is an early-stage SAST disclosure indicating a potential substantial acquisition of shares.

16-03-2026

BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Last Mile Enterprises Ltd (BSE: 526961) pertaining to Hemarajsinh Surendrasinh Vaghela & PACs. This filing signals a substantial acquisition or disposal of shares crossing regulatory thresholds, but no specific details on share count, percentage change, or transaction value are provided. No financial metrics, deal structure, or impacts are mentioned.

16-03-2026

Promoters of Balu Forge Industries Limited, including Mr. Jaspalsingh Prehladsingh Chandock and PACs Mr. Trimaan Jaspalsingh Chandock and Mr. Jaikaran Jaspalsingh Chandock, disclosed under SEBI (SAST) Regulation 29(2) the preferential allotment of 15,00,000 equity shares to Mr. Jaikaran on March 6, 2026, increasing the group's total holding from 53.17% to 53.76% of total share capital. While the diluted share capital stake remained flat at 53.99%, Mr. Jaspalsingh's individual voting stake slightly declined from 51.40% to 50.75% due to the capital increase. This maintains strong promoter control with minimal change overall.

• ·Disclosure filed on March 12-14, 2026, with stock exchanges.
• ·No encumbrances, additional voting rights, or other instruments acquired.
• ·Pre-acquisition shares: Mr. Jaspalsingh 6.05 Cr (51.40%), Trimaan 0.11 Cr (0.91%), Jaikaran 0.10 Cr (0.86%).
• ·Post-acquisition shares: Mr. Jaspalsingh 6.05 Cr (50.75%), Trimaan 0.11 Cr (0.90%), Jaikaran 0.25 Cr (2.11%).

16-03-2026

GAURANG R SHAH HUF, part of the promoter group of Kotyark Industries Limited, sold 2,00,000 equity shares (1.95% of total diluted share capital) on March 12, 2026, via an open market transaction, as disclosed under SEBI Regulation 29(2). This reduced the aggregate promoter group holding from 66.88% to 61.94%, with no improvements or gains in stake reported for any group member. The disclosure was filed on March 16, 2026, listing multiple persons acting in concert (PACs).

• ·Total equity share capital before and after transaction: 1,02,79,116 shares of ₹10 each.
• ·Disclosure addressed to BSE Limited and NSE Listing Departments.
• ·Mode of sale: Open market transaction.

16-03-2026

Neo Infracon Ltd (BSE: 514332) has made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on March 16, 2026, pertaining to Bhavik N Mehta. This indicates prior intimation of a substantial acquisition of shares or change in shareholding by the individual, but no details on deal structure, value, shares acquired, stake percentages, or other metrics are provided. No positive or negative financial impacts, synergies, or valuations are mentioned in the filing.

16-03-2026

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Saket Agrawal & PACs pertaining to MSP Steel & Power Limited (532650) on March 16, 2026. No details on acquisition size, shareholding changes, valuation, or transaction structure are provided in the filing. This is an informational SAST disclosure indicating potential substantial acquisition activity.

16-03-2026

The Ballygunge Family Trust, a promoter/promoter group entity of Shankara Building Products Limited, acquired 20,000 equity shares (0.0824% of total) on March 14, 2026, via open market purchases, increasing its holding from 6,38,915 shares (2.63%) to 6,58,915 shares (2.72%). The company's total equity share capital remains unchanged at 2.43 Cr shares of ₹10 each, valued at ₹24.25 Cr. No encumbrances or other changes reported.

• ·Mode of acquisition: Open Market
• ·Disclosure pursuant to Regulation 29(2) of SEBI (SAST) Regulations, 2011
• ·Scrip Code: 540425 (BSE); Symbol: SHANKARA (NSE)
• ·No shares encumbered, no warrants/convertibles involved

16-03-2026

Swarna Malhotra, along with persons acting in concert including Indus Petrochem Limited (62.36%), Coppersmith Energies and Project Private Limited (3.16%), Sudhir Malhotra, and Jeet Malhotra, acquired 6,411 equity shares (0.08%) of Sunshield Chemicals Limited on the open market on March 13, 2026. This marginally increased their combined promoter group holding from 66.33% to 66.40% of the company's total equity share capital of ₹8.79 Cr. No other changes in encumbrances, voting rights, or convertible securities were reported.

• ·Disclosure filed on March 16, 2026, under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
• ·Pre-acquisition individual holdings: Indus Petrochem Limited - 54,84,493 shares (62.36%); Coppersmith Energies - 2,77,973 shares (3.16%); Sudhir Malhotra - 837 shares (0.01%); Jeet Malhotra - 1,505 shares (0.02%).
• ·No shares in encumbrance, additional voting rights, or convertible instruments held before or after.

16-03-2026

BSE has received a disclosure under Regulation 18(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ronak Jain & Others pertaining to Banganga Paper Industries Ltd (512025). The filing indicates a substantial acquisition-related disclosure but provides no details on transaction structure, value, shareholding changes, or other metrics. No quantitative or financial information is disclosed, limiting assessment of impact.

16-03-2026

Arix Capital Limited, part of the promoter/promoter group, acquired 400,000 equity shares (3.99% stake) in Jupiter Infomedia Limited pursuant to a Share Purchase Agreement dated April 9, 2025, increasing its holding from 1,480,000 shares (14.77%) to 1,880,000 shares (18.76%). The acquisition occurred on March 12, 2026, with total equity share capital of the target company unchanged at ₹10.02 Cr (10,020,000 shares of ₹10 each). No warrants or convertible securities were involved.

• ·Disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
• ·Mode of acquisition: Pursuant to Share Purchase Agreement dated 9 April 2025
• ·Acquirer belongs to Promoter/Promoter group: Yes
• ·No warrants/convertible securities or VR otherwise than by equity shares
• ·Signed by Kajal Baldha, DIN: 07406583, on March 13, 2026