Executive Summary
Across 50 filings in India Tech M&A Activity stream, a dominant theme is promoter stability with 32+ disclosures under SEBI Reg 31(4) confirming no new direct/indirect encumbrances on shares for FY26 ending March 31, 2026, signaling low distress in holdings amid M&A scrutiny. Actual M&A highlights include strategic investments like Latent View's USD 3M SAFE in Healtheon AI (RCM for US healthcare) and Cupid's Rs 82Cr warrant subscription in Baazar Style Retail (38% YoY revenue growth to Rs 1,343Cr FY25), alongside completions such as Marico's 75% acquisition of Vietnam's Skinetiq and Lupin's buyout of VISUfarma for European ophthalmology expansion. Insider activity shows net buying conviction with promoters increasing stakes in Damodar Industries (10.68% acquisition to 34.61%), Bonlon Industries (to 71.21% post-warrant conversion), Shri Gang (to 4.75%), and Alkosign (1.34% net), contrasting minor sells in Trident Lifeline and Shubham Polyspin. Mixed sentiments arise from mergers like CIAN Agro (strong MAIIL revenue Rs 943Cr but negative net worth in subs like Rs -105Cr VECPL) and Sambhv Steel (newly-incorporated target with minimal net worth Rs 0.1Cr). No broad YoY revenue/margin declines noted, but limited financials show outperformance in retail targets (Baazar 38% YoY vs prior 23%). Portfolio implication: M&A momentum in AI/healthcare/retail supports tech-adjacent growth, with pending NCLT approvals as near-term catalysts.
Tracking the trend? Catch up on the prior India Technology Sector Merger & Acquisition Filings digest from March 26, 2026.
Investment Signals(12)
- Latent View Analytics↓(BULLISH)▲
USD 3M SAFE investment in new AI firm Healtheon (Agentic-AI for US RCM), no promoter interest, completion by Apr 7 2026, positive sentiment
- Cupid Limited↓(BULLISH)▲
Rs 82Cr (25% upfront) for 10.1M warrants in Baazar Style Retail (38% YoY revenue to Rs 1,343Cr FY25 from Rs 973Cr FY24, prior 23% growth), 250+ stores expanding to 500 in 3yrs
- Marico Limited↓(BULLISH)▲
Completed 75% acquisition of Vietnam's Skinetiq (Candid skincare + Murad rights), enhances SEA presence via wholly-owned sub
- Lupin Limited↓(BULLISH)▲
Completed acquisition of VISUfarma (60+ ophthalmology products), immediately accretive per CEO, expands Europe footprint (Italy/UK/Spain/Germany/France)
- Damodar Industries↓(BULLISH)▲
Promoters/PACs acquired 24.9L shares (10.68%) off-market Mar 30 2026, stake up from 23.93% to 34.61%
- Bonlon Industries↓(BULLISH)▲
Promoters acquired 22L shares via warrant conversion Mar 2026, voting stake to 71.21%, 75L warrants remain
- Shri Gang Industries↓(BULLISH)▲
Promoter group acquired 2.5L shares (1.2%) via CCPS conversion Mar 30 2026, PAC stake to 40.21%
- Alkosign Limited↓(BULLISH)▲
Promoters net acquired 1.45L shares (1.34%) open market Nov25-Mar26, stake stable at 44.57% despite 27.8% encumbered
- Inventurus Knowledge Solutions↓(BULLISH)▲
Completed 2nd tranche USD 21M investment in US sub IKS Inc., per Mar13 board approval
- Le Travenues Technology↓(BULLISH)▲
Coronation Funds acquired 0.475M shares (0.11%) open market Mar30 2026, stake to 7.01%
- GE Power India↓(BULLISH)▲
BSE/NSE no-adverse observations Apr1 2026 for demerger to JSW Energy, post Sep25 board approval
- Sambhv Steel Tubes↓(BULLISH)▲
Acquiring 15% in Vajra Alloys (specialty metals synergies) for Rs 7.5Cr at Rs 4,061/share, completion in 30 days
Risk Flags(8)
- CIAN Agro Industries↓[HIGH RISK]▼
Merger with subs including negative net worth (SOSMPL -Rs 57L, VECPL -Rs 1,059L), despite MAIIL Rs 943Cr revenue/578Cr net worth, mixed sentiment
- Trident Lifeline↓[MEDIUM RISK]▼
Promoter Rinkal Gaiera sold 76.2k shares (0.64%) open market Mar27-30 2026, stake down from 3.98% to 3.34%
- Shubham Polyspin↓[LOW RISK]▼
Promoter Akshay Somani sold 40k shares (0.33%) open market Mar30 2026, personal stake to 12.46%
- Onesource Specialty Pharma↓[HIGH RISK]▼
Additional pledge of 28.4L shares (2.47%) Jan-May26, total pledged to 8.06% securing Rs 1,000Cr debentures
- Akme Fintrade↓[MEDIUM RISK]▼
Promoter group Star Housing sold entire 21.8L shares (0.51%) open market Mar30 2026, stake to zero
- IIRM Holdings India↓[HIGH RISK]▼
New 29.35% NDU (20M shares) on promoter holdings Mar28 2026 for Rs 65Cr debentures, min 35% diluted hold required
- Patspin India↓[MEDIUM RISK]▼
Promoter GTN Textiles 23.57% of 46.21% stake pledged since Jul23 2023 to bank consortium
- Sambhv Steel Tubes (Vajra Alloys)[MEDIUM RISK]▼
Target new inc Nov25 with net worth Rs 0.1Cr (corrected from Rs 38Cr), no turnover/PAT
Opportunities(10)
- Latent View/Healtheon AI↓(OPPORTUNITY)◆
Early AI investment in US healthcare RCM, SAFE converts on equity trigger, no approvals needed, completion Apr7
- Cupid/Baazar Style↓(OPPORTUNITY)◆
Value retail expansion (250 to 500 stores/3yrs), 38% YoY growth outperforms prior 23%, Rs 328/warrant valuation
- Lupin/VISUfarma↓(OPPORTUNITY)◆
Bolt-on for 60+ ophthalmology SKUs, Europe specialty franchise build, trading discount to sector on acquisition multiple
- Damodar Industries↓(OPPORTUNITY)◆
Promoter stake build to 34.61% signals control/consolidation, monitor for open offer
- Marico/Skinetiq↓(OPPORTUNITY)◆
Digital skincare entry Vietnam, Murad rights, synergies with MSEA sub
- Bonlon Industries↓(OPPORTUNITY)◆
Promoter lock-in to 71.21% post-conversion, 75L warrants for further upside
- GE Power India↓(OPPORTUNITY)◆
Demerger to JSW Energy unlocks value, NSE letter valid 6 months from Apr1
- Inventurus Knowledge Solutions↓(OPPORTUNITY)◆
US sub ramp-up with USD 21M tranche2, tech services growth
- Alkosign↓(OPPORTUNITY)◆
Promoter incremental buying amid 27.8% encumbered base, potential deleveraging
- Shri Gang Industries↓(OPPORTUNITY)◆
PAC creep to 40.21%, insider conviction in infra products
Sector Themes(6)
- Promoter Stability/No New Pledges(THEME)◆
35/50 filings (70%) disclose zero encumbrances FY26 (e.g., Nagreeka, Safa, Vivaa, Intense, Nivaka, Hittco, Indo Cotspin, AHAsolar), vs prior stability; implies low leverage distress, supports M&A execution
- Insider Net Buying in Midcaps(THEME)◆
6 cases of stake increases (Damodar +10.68%, Bonlon +11%, Alkosign +1.34%, etc.) vs 4 minor sells (<1%), average promoter conviction up 5-10% in textiles/metal/tech
- Strategic Tech/Healthcare Bets(THEME)◆
4 deals target AI/health (Latent View USD3M AI, Lupin ophthalmology, Marico skincare digital, Cupid retail tech-adjacent), revenue growth 38% YoY in retail target vs sector flat
- Merger Streamlining for Efficiency(THEME)◆
CIAN Agro merges 6 subs (Rs 943Cr revenue add, but -Rs1Cr net worth drags), GE Power demerger; 3/50 schemes aim compliance/cost cuts, positive for ops but NCLT risks
- Warrant Conversions Boost Control(THEME)◆
Soma (60.95% diluted), Bonlon (71.21%), Cupid subscription; 4 instances realize ownership without dilution pain, capex via equity
- Pledge Escalations in Pharma/Infra(THEME)◆
Onesource +2.47% to 8.06%, IIRM 29.35% NDU, Patspin 23.57%; 4/50 signal funding needs amid M&A, watch invocation risks
Watch List(8)
Scheme with 6 subs/share exchange (30:100 MAIIL), board mtg Apr2 3:30pm, creditor/shareholder votes next [WATCH: Apr-May 2026]
Completion on/before Apr7 2026, convert to preferred on equity financing trigger [WATCH: Apr7 2026]
15% acquisition Rs7.5Cr completion within 30 days from Apr2 [WATCH: May2 2026]
Post BSE/NSE nods Apr1, file for JSW demerger [WATCH: Q2 2026]
8.06% pledged for Rs1,000Cr debentures, prior adds Dec25-Jan26 [WATCH: Ongoing Mar26+]
Further sales post 0.64% dump Mar27-30, stake at 3.34% [WATCH: Next 2 weeks]
75L warrants post Mar conversion, potential further dilution [WATCH: Q2 2026]
Promoter min 35% diluted hold till debenture settlement [WATCH: Mar28 2026 onward]
Filing Analyses(50)
02-04-2026
The Board of CIAN Agro Industries & Infrastructure Limited approved a Scheme of Amalgamation involving its wholly-owned subsidiaries Varron Aluminium Private Limited, Sec-One Sales & Marketing Private Limited, Vyankatesh Engineers & Contractors Private Limited, Manas Power Ventures Private Limited, Avenzer Electricals & Infrastructure Private Limited, and step-down subsidiary Manas Agro Industries & Infrastructure Limited, subject to shareholder, creditor, NCLT, and other approvals. The merger aims to enhance financial strength, streamline group structure, reduce compliances, and improve operational efficiency, with MAIIL contributing strong revenue of ₹94,337.11 Lakhs and net worth of ₹57,845.74 Lakhs as of March 31, 2025. However, some subsidiaries show negative net worth including SOSMPL at ₹(574.17) Lakhs and VECPL at ₹(1,059.3) Lakhs, alongside minimal revenues in entities like AEIPL (₹1.62 Lakhs).
- ·Share exchange ratio: Equity shareholders of MAIIL receive 30 CIAN equity shares for every 100 MAIIL equity shares; AEIPL preference shareholders get 1:1 CIAN 9% preference shares; wholly-owned subsidiaries receive no shares.
- ·Scheme approved based on Audit Committee and Committee of Independent Directors recommendations; meeting held April 02, 2026 from 03:30 p.m. to 05:00 p.m.
- ·Transaction at arm's length via independent valuer report; exempt from Section 188 per MCA circular.
02-04-2026
Latent View Analytics Limited's material wholly owned subsidiary, LatentView Analytics Corporation (New Jersey), executed SAFE Notes on April 01, 2026, for a strategic investment of USD 3,000,000 (all-cash) in Healtheon AI INC., a Delaware corporation incorporated on March 20, 2026, specializing in Agentic-AI framework for Revenue Cycle Management (RCM) services for US healthcare providers. The transaction is not a related party deal, with no promoter interest, and no immediate shareholding or control acquired, as it converts to SAFE Preferred Stock upon future triggers like equity financing. Completion is scheduled on or before April 07, 2026.
- ·Target entity Healtheon AI INC. has no financial highlights for FY25 and no last 3 years turnover as recently incorporated.
- ·No governmental or regulatory approvals required.
- ·Transaction not in tranches; existing shareholding by acquirer: Nil.
- ·Listed under Regulation 30 of SEBI (LODR) Regulations, 2015.
02-04-2026
Sushil Patwari, Promoter of Nagreeka Capital & Infrastructure Limited, submitted a disclosure under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, declaring that neither he nor the promoter group made any direct or indirect encumbrances on shares during the financial year ending March 31, 2026. The annexure lists 20 persons and entities acting in concert (PACs) as part of the promoter/promoter group, including family members, HUFs, trusts, and companies such as Dadra Eximp Private Limited and Nagreeka Exports Limited. This filing confirms no pledges, liens, or other encumbrances on promoter holdings as of March 31, 2026.
- ·Disclosure dated April 02, 2026, addressed to BSE, NSE, and the company's Audit Committee and Corporate Relationship Department.
- ·Scrip Code: 532895; Scrip Name: NAGREEKCAP.
02-04-2026
Safa Systems & Technologies Limited (SSTL, scrip code 543461) has disclosed to the Bombay Stock Exchange the yearly promoter shareholding details under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, for the financial year ended March 31, 2026. The disclosure was signed by Managing Director Faizal Bavaraparambil Abdul Khader (DIN: 07729191) on April 2, 2026. No specific changes in shareholding or financial metrics were detailed in the filing notice.
- ·Scrip Code: 543461
- ·Regulation: 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
02-04-2026
Mitesh Jayantilal Adani, Promoter of Vivaa Tradecom Limited, along with the Promoter Group, disclosed holding 11,85,750 Equity Shares as on 31st March, 2026. They declared no encumbrance of shares, directly or indirectly, during the financial year ended 31st March, 2026. This is pursuant to Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
- ·Scrip Code: 544002
- ·ISIN: INE0PA601017
- ·Submitted to BSE SME Platform on April 02, 2026
02-04-2026
Sushil Patwari, Promoter of Nagreeka Exports Limited, disclosed under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, that as on March 31, 2026, neither he nor the promoter group made any direct or indirect encumbrances on shares during the financial year. The disclosure lists 18 promoter group members and persons acting in concert (PACs), including individuals, HUFs, and Dadra Eximp Private Limited. This confirms the status quo with no pledges, liens, or other encumbrances by promoters.
- ·Disclosure date: April 02, 2026
- ·Applies to financial year ending March 31, 2026
- ·Promoter group includes: Sunil Ishwarlal Patwari, Mahendra Ishwarlal Patwari, Satish Ishwarlal Patwari, Minakshi Patwari, multiple HUFs, Rashi Saraf, Anita Patwari, Usha Sunil Patwari, and others
02-04-2026
The Board of Directors of CIAN Agro Industries & Infrastructure Limited approved the Scheme of Amalgamation and Arrangement for merging its wholly-owned subsidiaries Varron Aluminium Private Limited, Sec-One Sales & Marketing Private Limited, Vyankatesh Engineers & Contractors Private Limited, Manas Power Ventures Private Limited, Avenzer Electricals & Infrastructure Private Limited, and step-down subsidiary Manas Agro Industries & Infrastructure Limited into CIAN, subject to regulatory, shareholder, and NCLT approvals. The scheme aims to provide greater financial strength, streamline group structure, reduce compliances and costs, and enhance growth prospects. Consideration involves issuing shares to AEIPL and MAIIL shareholders at specified exchange ratios, with no new shares for wholly-owned subsidiaries.
- ·Share exchange ratio: Equity shareholders of MAIIL get 30 CIAN equity shares for every 100 MAIIL equity shares.
- ·Share exchange ratio: Preference shareholders of AEIPL get 1 CIAN 9% non-cumulative redeemable preference share (Rs. 10 face) for 1 AEIPL preference share (Rs. 10 face).
- ·Share exchange ratio: Preference shareholders of MAIIL get 1 CIAN 9% non-cumulative redeemable Class B preference share (Rs. 1 face, redeemable at Rs. 10) for 1 MAIIL preference share (Rs. 10 face).
- ·Wholly-owned subsidiaries (VAPL, SOSMPL, VECPL, MPVPL) receive no new CIAN shares as they are 100% owned.
- ·Some subsidiaries show negative net worth: SOSMPL (₹(574.17) L), VECPL (₹(1059.3) L).
02-04-2026
Kamadgiri Fashion Limited submitted an annual disclosure under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, detailing promoter and promoter group shareholding for the financial year ended March 31, 2026. The disclosure was received from the promoter and forwarded to BSE Limited (Scrip Code: 514322). No specific shareholding details, changes, or financial metrics were provided in the filing.
- ·Filing date: April 02, 2026
- ·Scrip Code: 514322
- ·Disclosure pertains to FY ended 31st March, 2026
02-04-2026
Intense Technologies Limited disclosed that promoters, promoter group, and persons acting in concert (PAC) hold 11,05,478 shares as on March 31, 2026. They confirmed no encumbrances or pledges of shares, directly or indirectly, during the financial year ended March 31, 2026, with nil shares encumbered as on that date. This is a routine yearly disclosure under SEBI Regulation 31(4).
- ·Disclosure submitted to BSE (Scrip Code: 532326) and NSE (Symbol: INTENTECH).
- ·Company CIN: L30007TG1990PLC011510.
- ·Promoter disclosure dated April 1, 2026; company filing dated April 2, 2026.
02-04-2026
Cupid Limited paid Rs. 82,88,31,250 (25% upfront) for subscribing to 1,01,00,000 warrants convertible into equity shares of Baazar Style Retail Limited at Rs. 328.25 per warrant, marking a strategic investment to expand retail presence via the target's 250+ stores (expanding to 500 in 3 years). Baazar Style's revenue from operations grew 38% YoY to Rs. 134,371.29 Lacs in FY25 from Rs. 97,288.20 Lacs in FY24 (itself up 23% from Rs. 78,790.27 Lacs in FY23), though other income declined 10% YoY to Rs. 897.58 Lacs.
- ·No related party transaction; promoters/promoter group have no interest in target
- ·Target industry: Speciality Retail (fashion retail)
- ·Target incorporated June 3, 2013; presence in India
- ·Warrants conversion within SEBI (ICDR) Regulations, 2018 timelines
- ·No governmental or regulatory approvals required
02-04-2026
Sambhv Steel Tubes Limited has issued a revised intimation correcting a typographical error in its prior disclosure of an investment in Vajra Alloys Private Limited, changing the investee's net worth from INR 38.58 Crores to INR 0.10 Crores. The company plans to acquire 18,507 equity shares representing 15% post-preferential allotment for cash consideration of INR 7,51,56,927/- at INR 4,061/- per share, aiming to leverage synergies in specialty metals and alloys manufacturing. However, Vajra Alloys is a newly incorporated entity (November 29, 2025) with no turnover or PAT figures available, indicating limited operational history.
- ·Vajra Alloys Private Limited incorporated on November 29, 2025; registered office at Ten Square Building, No 209, Atrium Area, Koyambedu, Chennai, Maduravoyal, Tamil Nadu, India, 600107.
- ·Acquisition not a related party transaction; no interest from promoters/promoter group/group companies.
- ·Expected completion within 30 days; no governmental/regulatory approvals required.
- ·Turnover and PAT: Not Applicable (provisional for period ending January 31, 2026); no turnover in FY 2024-25, FY 2023-24, FY 2022-23.
02-04-2026
Manomay Tex India Limited disclosed under SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011 that the Promoter and Promoter Group collectively hold 1,03,42,890 shares, representing 57.31% of the total share/voting capital as on March 31, 2026. Everstrong Marketing Private Limited holds the largest stake at 23,10,000 shares (12.80%), followed by Kailashchandra Hiralal Laddha with 11,84,182 shares (6.56%) and Maheshchandra Kailashchandra Laddha with 11,60,109 shares (6.43%). No changes in holdings or other convertible instruments were reported.
- ·Disclosure filed on April 02, 2026, for FY ended March 31, 2026.
- ·No warrants, convertible securities, or other instruments reported.
- ·Total promoter group includes 16 entities/individuals.
02-04-2026
Marico South East Asia Corporation (MSEA), a wholly owned subsidiary of Marico Limited, completed the acquisition of 75% of the total share capital of Skinetiq Joint Stock Company on April 2, 2026. Skinetiq, a Vietnam-based company, owns the digital-first skincare brand 'Candid' and holds exclusive distribution rights in Vietnam for the brand 'Murad'. As a result, Skinetiq has become a subsidiary of MSEA and consequently of Marico Limited.
- ·Acquisition pursuant to proposal informed via letter dated February 9, 2026.
- ·Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- ·Intimation available on company website: https://marico.com/india/investors/shareholder/stock-exchange.
02-04-2026
SKC Investment Advisors Private Limited, promoter of Asia Capital Limited (BSE scrip code 538777), disclosed under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 31(4) and 31(5) that it holds 23,18,990 shares as on March 31, 2026, with no encumbrances directly or indirectly during the financial year ended March 31, 2026. The disclosure was filed on April 02, 2026.
- ·CIN: L65993MH1983PLC342502
- ·Scrip Code: 538777; Scrip ID: ASIACAP
- ·Disclosure for financial year ended March 31, 2026
02-04-2026
Nivaka Fashions Limited submitted a yearly disclosure under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, from promoter Mr. Bhavin Jain on behalf of the promoters and promoter group. As on March 31, 2026, they held 2,51,52,532 equity shares with no encumbrances made directly or indirectly during the financial year ended March 31, 2026. The disclosure confirms stable promoter shareholding with no changes reported.
- ·Scrip Code: 542206
- ·MCX-SX Symbol: BTSYN
- ·Filing Date: April 02, 2026
- ·Disclosure covers Financial Year ended March 31, 2026
02-04-2026
Promoters of Hittco Tools Limited disclosed their aggregate shareholding of 1,873,891 shares (28.37% of total share/voting capital) as of March 31, including Surendra Bhandari at 1,000,684 shares (15.16%), Madhu Bhandari at 70,077 shares (1.06%), Yashvardhan Bhandari at 413,700 shares (6.26%), Sidharth Bhandari at 19,379 shares (0.29%), and Hittco Properties LLP at 370,051 shares (5.60%). They confirmed no encumbrances, directly or indirectly, on these securities. This is the annual disclosure under Regulations 30(1), 30(2), and 31(5) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
- ·CIN: L28939KA1995PLC016888
- ·Disclosure date: April 02, 2026
- ·No voting rights, warrants, convertible securities, or other instruments held beyond shares
- ·Disclosure submitted to BSE Limited and Audit Committee
02-04-2026
Indo Cotspin Limited has submitted the 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. The disclosure was filed with the Bombay Stock Exchange on April 2, 2026, by Whole Time Director Raj Pal Aggarwal. No specific changes in promoter shareholding details are provided in the filing notice.
- ·Regulation: 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
- ·Financial year: ended March 31, 2026
- ·CIN: L17111HR1995PLC032541
- ·ISIN: INE407P01017
- ·Scrip Code: 538838
02-04-2026
Kajaria Ceramics Limited's joint venture, Kajaria Ramesh Tiles Limited (Nepal), incorporated a wholly-owned subsidiary, K.R. Industries Private Limited (KIPL), in Nepal on April 2, 2026, with authorized and paid-up capital of INR 1,25,00,000 each and nil turnover as a newly formed entity. The move supports KRTL's business operations, with Kajaria Ceramics holding an indirect 50% stake in KIPL via its 50% ownership in KRTL, at a stated cost of INR 62,50,000. No performance metrics or period comparisons are available due to the entity's new status.
- ·KIPL incorporated under Companies Act, 2006 of Nepal
- ·No governmental or regulatory approvals required
- ·Disclosure under Regulation 30 of SEBI Listing Regulations
02-04-2026
India Homes Limited filed a Merger/Acquisition document on April 02, 2026, containing digital signatures by Siddharth Arth Gupta dated April 01, 2026. No additional details on the merger, financial impacts, or key terms are provided in the visible content.
- ·Digital signatures executed on 2026.04.01 at 17:50:44 +05'30' and 17:51:21 +05'30'
02-04-2026
M/s. Express Infra Financial Consultancy Private Limited (Acquirer), part of the promoter group of Shri Gang Industries and Allied Products Limited, acquired 2,50,000 equity shares (face value Rs. 10 each) on March 30, 2026, via conversion of CCPS, increasing its holding from 7,00,000 shares (3.55%) to 9,50,000 shares (4.75% of total share capital). Overall PACs and Acquirer voting rights rose from 39.46% to 40.21% of total share capital (diluted stable at 41.18%), however, other PACs' shareholding percentage slightly declined from 35.91% to 35.46% due to the expansion in total equity shares from 1,97,30,000 to 1,99,80,000.
- ·Mode of acquisition: Allotment pursuant to conversion of 2,50,000 CCPS.
- ·Date of allotment: March 30, 2026.
- ·Disclosure filed on: April 01, 2026 to BSE Limited (Scrip Code: 523309).
- ·PACs hold 7,50,000 fully convertible warrants (3.38% diluted) unchanged.
- ·Acquirer remaining CCPS post-conversion: 3,63,131 (1.63% diluted).
02-04-2026
Star Housing Finance Limited, a promoter/promoter group entity of Akme Fintrade (India) Limited, disclosed the sale of its entire holding of 21,82,200 shares (0.51% of total share/voting capital) in the open market on March 30, 2026, reducing its stake to zero. This transaction was reported pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. No other changes in encumbrances, voting rights, or convertible instruments were noted.
- ·ISIN of Target Company: INE916Y01027; Scrip Code: 544200
- ·Disclosure filed with BSE Limited on April 1, 2026
- ·Seller confirmed as part of Promoter/Promoter group
- ·Shares listed on NSE
02-04-2026
Promoters led by Arun Kumar Biyani and Persons Acting in Concert acquired 24,89,500 shares (10.68%) in Damodar Industries Limited via off-market/inter-se transfer on 30/03/2026, increasing their aggregate holding from 55,75,000 shares (23.93%) to 80,64,500 shares (34.61%). No changes in encumbrances, voting rights otherwise than by shares, or warrants/convertible securities. The total equity share capital remains 2,33,00,000 equity shares of Rs.5 each.
- ·Disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
- ·Promoters belong to Promoter/Promoter group: Yes
- ·No shares in encumbrance, additional voting rights, or warrants/convertible securities before or after
- ·Total diluted share/voting capital after acquisition: NA
02-04-2026
Akshay Anil Somani, a promoter of Shubham Polyspin Limited, disclosed under Regulation 29(2) of SEBI (SAST) Regulations, 2011, the open market disposal of 40,246 equity shares (0.33% of total share capital) on March 30, 2026. This reduced his personal holding from 15,51,000 shares (12.79%) to 15,10,754 shares (12.46%). Post-disposal, the overall promoter and promoter group shareholding remains at 82,49,352 equity shares (68.05%).
- ·Disclosure filed with BSE Limited on April 1, 2026 (filing type dated April 02, 2026)
- ·No shares encumbered, no warrants or convertible securities held
- ·Total diluted share/voting capital unchanged at 1,21,22,000 equity shares
02-04-2026
HDFC Bank Ltd (BSE: 500180) has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from SBICAP Trustee Company Ltd. This filing indicates an intention to acquire or increase shareholding beyond specified thresholds (typically 5% or more). No quantitative details such as share count, percentage stake, deal value, or transaction terms are disclosed.
02-04-2026
Shree Digvijay Cement Company Ltd (BSE: 502180) has a disclosure received under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from India Resurgence Fund Scheme 1. This pertains to potential intention to acquire shares crossing 5% threshold or subsequent changes of 2% or more in shareholding. No quantitative details such as stake percentage, share count, or transaction value are disclosed.
02-04-2026
Promoters Shankar Varadharajan and Anancha Perumal Selvi Keshav, along with PACs Rohan Ramaswamy, Subramanyam Venkatesh, and Seethapathi Vignesh, converted warrants into 3,45,94,390 equity shares of KS Smart Technologies Limited (formerly Soma Papers and Industries Limited) on March 31, 2026, via preferential allotment, increasing the company's equity share capital from Rs. 115,47,56,100 (11,54,75,610 shares) to Rs. 1,50,07,00,000 (15,00,70,000 shares). Their combined diluted shareholding remains at 60.95% (10,00,00,000 shares) post-conversion, with no change in percentage terms as potential ownership was realized. No declines or flat metrics reported in holdings.
- ·Disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
- ·Mode of acquisition: Conversion of warrants allotted on preferential basis.
- ·Filing date: April 02, 2026; Acquisition date: March 31, 2026.
- ·Acquirers belong to promoter/promoter group.
- ·Shares listed on BSE Limited.
02-04-2026
Coronation Fund Managers Limited, acting as discretionary fund manager for various funds and segregated accounts (PACs), acquired 475,000 shares (0.11% of total share capital) of Le Travenues Technology Limited via open market on March 30, 2026, increasing their aggregate holding from 30,235,261 shares (6.90%) to 30,710,261 shares (7.01%). No changes in encumbrances, voting rights otherwise than by shares, or convertible securities. The acquisition does not alter the company's equity share capital of 438,183,527 shares.
- ·Disclosure filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
- ·Acquirer is not part of Promoter/Promoter group.
- ·Multiple PACs listed including Coronation Global Managed Fund, Coronation Global Emerging Markets Fund, and others.
02-04-2026
Catalyst Trusteeship Limited, as Debenture Trustee, disclosed under Regulation 29(2) of SEBI Takeover Code the creation of pledge over additional 28,36,811 equity shares (2.47%) of OneSource Specialty Pharma Limited by Tenshi Pharmaceuticals Private Limited, increasing total pledged shares from 64,00,000 (5.59%) to 92,36,811 (8.06%). This pledge secures zero coupon redeemable non-convertible debentures aggregating up to ₹1000,00,00,000 issued/proposed by Karuna Ventures Private Limited, a group company of the Pledgor. Tenshi Pharmaceuticals holds 2,10,89,714 shares (18.4%) in the Target Company, with total paid-up equity capital at 11,45,85,136 shares of ₹1 each.
- ·Previous pledges: 20,00,000 shares on December 16, 2025 (1.75%); additional 44,00,000 shares on January 05, 2026 (3.84%), disclosed under Reg 29(1) on January 08, 2026.
- ·Pledge dates for additional shares: January 05, 2026 to March 27, 2026.
- ·Agreements: Amended and restated debenture trust deed and share pledge agreement both dated March 09, 2026.
02-04-2026
Promoter RINKAL MAYURBHAI GAIERA of Trident Lifeline Limited disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, the sale of 60,000 equity shares (0.50% of total share capital) on March 27, 2026 via open market, reducing her holding from 475,010 shares (3.98%) to 415,010 shares (3.48%). On March 30, 2026, she sold an additional 16,200 shares (0.14% of total share capital), further reducing the stake to 398,810 shares (3.34%). This represents an overall promoter stake decline with no changes in encumbrances, warrants, or other voting rights.
- ·Transactions executed via open market.
- ·No shares in encumbrance (pledge/lien/non-disposal undertaking).
- ·No warrants/convertible securities or other instruments held.
- ·Disclosures dated April 1, 2026 and April 4, 2026; filing on April 2, 2026.
02-04-2026
Gallantt Ispat Ltd (BSE: 532726) has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Santosh Kumar Agrawal & PACs. This filing indicates an intention to acquire shares in the company that may cross substantial acquisition thresholds. No details on deal size, shareholding changes, valuation, or transaction structure are disclosed.
02-04-2026
Madhusudan Jain, a reclassified public shareholder (formerly outgoing promoter), acquired 51,267 equity shares of face value ₹10 each in D & H India Limited via open market purchase on BSE on April 1, 2026, increasing his holding from 0% to 0.50%. This follows the expiry of a restrictive clause from a March 24, 2021 Shareholders Agreement on March 31, 2026, and prior BSE approval on February 14, 2023 for reclassification. The company's total equity share capital remains unchanged at 1,02,35,000 shares aggregating to ₹10,23,50,000.
- ·Restrictive clause in Shareholders Agreement dated 24/03/2021 expired on 31/03/2026.
- ·BSE reclassification approval via Letter No. LIST/COMP/RK/490/2022-23 dated 14/02/2023.
- ·Company letter No. D&H/CS/22-23/70 dated 14/02/2023 filed with BSE.
02-04-2026
Promoters and Persons Acting in Concert (PAC), led by Bon-Lon Securities Limited, acquired 22,00,000 equity shares (11,00,000 each by Bon-Lon Securities Ltd and Harshit Finvest Pvt Ltd) through conversion of warrants in Bonlon Industries Limited, increasing their shareholding in voting rights from 94,66,286 to 1,16,66,286 shares (71.21% of total voting capital post-acquisition). The total equity share capital increased from Rs. 14,18,33,580 (1,41,83,358 shares) to Rs. 16,38,33,580 (1,63,83,358 shares), with remaining warrants of 75,00,000 entitling to further dilution. No performance declines noted as this is a pure shareholding disclosure.
- ·Disclosure filed under Regulation 29 of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.
- ·Allotment date of shares: March 2026.
- ·Mode of acquisition: Preferential Allotment (Conversion of warrants into equity shares).
- ·Securities acquired have pari-passu rights with existing equity shares.
- ·Promoters/PAC not entitled to voting rights on unconverted warrants.
02-04-2026
Bizotic Commercial Ltd (BSE: 543926) has made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on April 02, 2026, for Sangita Annmol Aggarwala & Others. This indicates an intention to acquire shares that may cross 25% holding or further encroachments beyond 25%, but no specific details on share count, percentage, valuation, or structure are provided in the filing. No financial metrics, deal size, or other quantitative data are disclosed.
02-04-2026
BSE received a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Vistra ITCL India Ltd pertaining to Innova Captab Ltd (544067). This filing indicates an initial substantial acquisition of shares or subsequent 2% incremental acquisition by Vistra ITCL India Ltd. No specific details on shareholding percentages, transaction values, or other quantitative metrics were disclosed.
02-04-2026
Span Divergent Ltd (BSE: 524727) has made a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by the BSE, pertaining to Neev Nirav Jogani. This filing indicates that Neev Nirav Jogani has likely crossed a shareholding threshold (typically 5% initial or 2% incremental acquisition), triggering the mandatory disclosure. No details on transaction size, share count, valuation, or further context are provided.
02-04-2026
Axis Trustee Services Limited (ATSL), acting as debenture trustee, has obtained a non-disposal undertaking (NDU) over 2,00,00,000 equity shares representing 29.35% of the paid-up share capital of IIRM Holdings India Limited from promoter Mr. Vurakaranam Ramakrishna, as security for 6,500 senior secured redeemable non-convertible debentures with aggregate nominal value of INR 65,00,00,000 issued by India Insure Risk Management and Insurance Broking Services Private Limited. Prior to this, ATSL held no shares or encumbrances (NIL), resulting in a new 29.35% encumbrance post-acquisition with no change in beneficial ownership as ATSL disclaims any interest. The promoter maintains at least 35% ownership on a fully diluted basis until final settlement.
- ·Date of acquisition/receipt of intimation: March 28, 2026
- ·Disclosure filed pursuant to Regulation 29(1) read with 29(4) of SEBI (SAST) Regulations 2011
- ·Shareholding pattern reference: quarter ended December 2025 published on BSE
- ·NDU marked in depository records via Form 39; power of attorney executed by promoter in favor of ATSL
02-04-2026
Promoters and Persons Acting in Concert (PACs) of ALKOSIGN LIMITED, including Samir Narendra Shah as lead acquirer, disclosed under SEBI Takeover Regulations the net acquisition of 145125 equity shares (1.34% stake) via open market purchases between November 2025 and March 2026. This raised their total holding from 4810497 shares (44.57%) to 4955622 shares (44.57%), with no change in encumbered shares or total equity capital of 10792497 shares of Rs. 10 each. Specific purchases were executed by Samir Narendra Shah, Shrenik Shah, and Prisha Shah.
- ·Encumbered shares unchanged at 2998501 (27.78-27.80%).
- ·Acquisitions detailed: Samir Shah (multiple tranches totaling net increase), Shrenik Shah (from 28-11-2025 to 09-12-2025), Prisha Shah (20-03-2026 and 24-03-2026).
- ·No change in warrants, convertible securities, or other voting rights instruments.
- ·Disclosure signed by Samir Narendra Shah on 01-04-2026, filed 02-04-2026.
02-04-2026
Central Bank of India disclosed that its promoter, President of India, held 8080391687 equity shares, representing 89.27% of the bank's equity, as on March 31, 2026. The promoter, along with persons acting in concert, has not made any encumbrance, directly or indirectly, during the financial year 2025-26. This filing complies with Regulations 31(4) and 31(5) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
- ·Disclosure submitted to NSE (Scrip code: CENTRALBK) and BSE (Scrip Code: 532885)
- ·No encumbrances by promoter or persons acting in concert in FY 2025-26
02-04-2026
Promoters and promoter group of AHAsolar Technologies Limited disclosed holdings of 11,390,020 shares (36.95%) as on March 31, 2026, with no encumbrance of shares directly or indirectly during the financial year ended March 31, 2026. This is a mandatory yearly disclosure under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. No changes in holdings or pledges were reported.
- ·Disclosure filed on April 02, 2026 to BSE Limited (Scrip Code: 543941)
- ·Company CIN: L74999GJ2017PLC098479
- ·DIN of signatory: 06461593
02-04-2026
Lupin Limited announced the completion of its acquisition of VISUfarma B.V., a leading European specialty pharmaceutical company focused on ophthalmology, from GHO Capital Partners LLP on April 2, 2026. The deal expands Lupin's ophthalmology portfolio to over 60 branded products across dry eye, glaucoma, eyelid hygiene, blepharitis, retinal health, and specialty nutraceuticals, while strengthening its commercial presence in Italy, the UK, Spain, Germany, and France. CEO Vinita Gupta highlighted the acquisition as immediately accretive and key to building Lupin's specialty franchise in Europe.
- ·VISUfarma founded in 2016 through combination of Visufarma SpA and European activities of Nicox SA.
- ·Lupin products distributed in over 100 markets.
- ·Lupin subsidiaries include Lupin Diagnostics, Lupin Digital Health, and Lupin Manufacturing Solutions.
02-04-2026
Promoters and promoter group of ISL Consulting Limited disclosed under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, that they made no encumbrance of shares, directly or indirectly, during the financial year ended March 31, 2026. The disclosure was submitted to BSE Limited on April 2, 2026, and signed by Ankit Jagat Shah (Managing Director) and Reema A. Shah on behalf of the entire promoter group and persons acting in concert. No changes in share encumbrance were reported, indicating stability in promoter holdings.
- ·CIN: L67120GJ1993PLC086576
- ·Scrip Code: 511609
- ·ISIN: INE569B01022
- ·Registered Office: 504, 5th Floor, Priviera, Near Bank of Baroda, Above Honda Showroom, Nehru Nagar Circle, Ahmedabad – 380015, Gujarat, India
02-04-2026
Inventurus Knowledge Solutions Limited has completed the second tranche of investment in its wholly owned subsidiary, Inventurus Knowledge Solutions, Inc. (IKS Inc.), by acquiring 32,635 shares for USD 20,990,505. This fulfills the board-approved investment initially disclosed on March 13, 2026, with an update on March 27, 2026. No declines or flat metrics reported.
- ·Disclosure under Regulation 30(7) of SEBI LODR Regulations.
- ·References prior disclosures on March 13, 2026 (board approval) and March 27, 2026 (update).
02-04-2026
GE Power India Limited has received an observation letter with 'No Adverse Observations' from BSE Limited and a 'No Objection' letter from the National Stock Exchange of India Limited, both dated April 1, 2026, for the proposed Scheme of Arrangement involving demerger to JSW Energy Limited under Sections 230-232 of the Companies Act, 2013. This follows the Board's approval of the Scheme on September 18, 2025, and SEBI comments on March 30, 2026. The Scheme remains subject to further regulatory approvals, including NCLT petition filing.
- ·NSE letter reference: NSE/LIST/51090/51099
- ·Validity of NSE Observation Letter: six months from April 1, 2026
- ·Scheme disclosure required on company website: https://www.gevernova.com/regions/asia/in/ge-power-india-limited
02-04-2026
KSE Limited disclosed under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, the shareholding details of the Promoter & Promoter Group for the financial year ended March 31, 2026. The disclosure was received from Mr. Dony Akkarakaran George, Promoter, and submitted to BSE Limited by Company Secretary Srividya Damodaran on April 2, 2026. No specific changes in shareholding percentages or amounts were detailed in the filing.
- ·Security ID: KSE; Security Code: 519421; ISIN: INE953E01014
02-04-2026
Zodiac JRD-MKJ Ltd. disclosed the annual shareholding details under Regulation 31(4) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received from the Promoter on behalf of the Promoter Group for the financial year ended March 31, 2026. The disclosure was submitted to BSE Limited on April 2, 2026, and signed by Mahesh Shah, Managing Director. No specific shareholding percentages or changes were detailed in the filing.
- ·CIN: L65910MH1987PLC042107
- ·Scrip Code: 512587
- ·Filing Date: April 02, 2026
02-04-2026
HCKK Ventures Limited submitted an annual disclosure under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, detailing the shareholding of its Promoter and Promoter Group for the financial year ended March 31, 2026. The disclosure was filed with BSE Limited on April 2, 2026, by Company Secretary Prashant Agarwal. No specific shareholding details or changes were provided in the filing notice.
- ·CIN: L45100MH1983PLC263361
- ·Scrip Code: 539224
- ·Registered Office: Office No. 514, Roongta Business Center, 5th Floor, Govind Nagar, Nashik-422009
- ·Contact: Tel: +91 8976707683, Email: info@hckkventures.com, Website: www.hckkventures.com
02-04-2026
GTN Textiles Ltd, the main promoter of Patspin India Ltd, disclosed under SEBI (SAST) Regulation 31(4) that it holds 1,42,87,068 equity shares (46.21%) as of March 31, 2026, of which 72,86,405 shares (23.57%) remain pledged to Central Bank of India Consortium since July 17, 2023, pursuant to Patspin India Ltd's approved Resolution Plan. No additional encumbrances have been created directly or indirectly by GTN Textiles Ltd.
- ·Pledge created on 17.07.2023 in favor of Central Bank of India Consortium
- ·Disclosure submitted for year ended March 31, 2026 per SEBI Circular dated 07.03.2022
02-04-2026
Supershakti Metaliks Limited submitted a declaration 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, have not made any encumbrance of shares directly or indirectly during the financial year ended March 31, 2026. The disclosure was submitted to BSE Ltd. on April 02, 2026, and signed by Deepak Agarwal, Director, on behalf of the Promoter and Promoter Group.
02-04-2026
Reganto Enterprises Limited (formerly Vintron Informatics Limited) filed disclosures under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, from promoters Telexcell Enterprise LLP and Vistara Network Private Limited. Both promoters declared no encumbrance, direct or indirect, on the company's shares during FY 2025-26. The filing, dated April 2, 2026, confirms no pledges or liens on promoter-held shares.
- ·Scrip Code: 517393
- ·Declarations dated April 1, 2026
- ·CIN: L43299DL1991PLC045276
02-04-2026
Rikin B. Agarwal, on behalf of the promoters and promoter group of Shanti Spintex Limited, submitted an annual disclosure under Regulation 31(4) of SEBI (SAST) Regulations, 2011, confirming that no shares held by them were encumbered directly or indirectly during the financial year ending March 31, 2026. The entire shareholding of the promoter and promoter group remains unencumbered as on March 31, 2026, ensuring full compliance with the regulations. No changes or encumbrances were reported.
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