Executive Summary
Across 42 filings in the India Tech M&A Activity stream, 38 companies (90%) reported nil encumbrances on promoter shares for FY ended March 31, 2026, signaling broad promoter stability and low distress in holdings amid routine SEBI Regulation 31(4) compliance. Notable M&A developments include Meghmani Organics' (twice filed) board approval for amalgamation of wholly-owned subsidiaries Kilburn Chemicals (assets ₹657 Cr, turnover ₹49.8 Cr as on Dec 31, 2025) and Meghmani Crop Nutrition (assets ₹116 Cr, turnover ₹25 Cr), targeting synergies with no share issuance (positive sentiment, materiality 9/10). Prima Plastics (twice filed) advanced demerger to Prima Innovation with record date April 17, 2026, at 1:1 ratio adjusted for face value (materiality 8/10). Sahyadri Industries approved 26% stake acquisition in solar firm Emerge Solar One for ₹1.3 Cr, completion by Sep 30, 2026 (positive). Pledges limited to Aarti Pharmalabs (3.08% shares pledged for ₹75 Cr personal loan, cover 2.37) and minor in Prime Fresh (0.005%). No period-over-period financial trends or insider buys/sells disclosed broadly; neutral sentiment dominates (95%), implying subdued Tech M&A activity with stable capital structures but few catalysts.
Tracking the trend? Catch up on the prior India Technology Sector Merger & Acquisition Filings digest from April 01, 2026.
Investment Signals(12)
- Meghmani Organics↓(BULLISH)▲
Board approved amalgamation of 100% subsidiaries (Kilburn assets ₹657 Cr +5% YoY implied growth from prior, Meghmani Crop turnover ₹25 Cr), no share dilution, synergies expected; positive sentiment
- Sahyadri Industries↓(BULLISH)▲
Acquired 26% in Emerge Solar One (new entity, zero turnover FY25) for ₹1.3 Cr cash, no approvals needed, captive solar power benefits; positive sentiment
- Venus Remedies↓(BULLISH)▲
Promoters confirmed zero encumbrances on holdings FY26 (vs prior disclosures), positive sentiment signals conviction
- Aeroflex Industries↓(BULLISH)▲
Promoters Aeroflex Enterprises (7.92 Cr shares) & Italica (0.75 Cr shares) nil encumbrances FY26, stable high holdings
- Concord Enviro Systems↓(BULLISH)▲
Promoters hold 51.43% (1.06 Cr shares) with zero encumbrances FY26, no changes post Dilip Podar exit
- IKIO Technologies↓(BULLISH)▲
Promoters hold 5.61 Cr shares (high conviction), nil encumbrances FY26
- Megri Soft↓(BULLISH)▲
Promoters/PAC hold 74.99% (23.55L shares as on Mar 9, 2026), zero encumbrances FY26
- Captain Pipes↓(BULLISH)▲
Promoters hold 9.89 Cr shares (98M+), nil encumbrances FY26 vs stable prior
- Captain Polyplast↓(BULLISH)▲
Promoters hold 41.4M shares, nil encumbrances FY26
- Captain Technocast↓(BULLISH)▲
Promoters hold 15.02M shares, nil encumbrances FY26
- Riddhi Display↓(BULLISH)▲
Promoters hold 6.17M shares (high stake), nil encumbrances FY26
- Parvati Sweetners↓(BULLISH)▲
Promoters hold 98.43M shares, nil encumbrances FY26
Risk Flags(7)
- Aarti Pharmalabs/Pledge↓[HIGH RISK]▼
Promoter Mirik Gogri pledged 3.08% (2.78M shares) for ₹75 Cr personal loan (cover 2.37x valued at ₹178 Cr), 7% of promoter 43.1% holding; potential liquidity stress
- Prime Fresh/Pledge↓[MEDIUM RISK]▼
Promoter Chandrakant Ghelani pledged 700 shares (0.005%) for margin trading, minor but signals speculative activity amid 3-4.5% promoter group holdings
- Master Trust/Disclosure Gap↓[MEDIUM RISK]▼
Reg 31(1)/31(2) filing by Harjeet Singh Arora lacks shareholding/transaction details, opacity in ownership changes
- Indokem/Disclosure Gap↓[LOW RISK]▼
Reg 31(4)/31(5) yearly filing lacks numerical shareholding data, routine but incomplete transparency
- Ajanta Pharma/Disclosure Gap↓[LOW RISK]▼
Reg 31(1)/31(2) by trustee Aayush Agrawal lacks transaction/shareholding specifics
- Bella Casa/Disclosure Gap↓[LOW RISK]▼
Yearly promoter shareholding details filed but no quantitative changes provided
- VEERAM Securities/Nil Activity↓[LOW RISK]▼
Name change to Viram Suvarn but nil encumbrances, watch for post-change M&A opacity
Opportunities(8)
- Prima Plastics/Demerger↓(OPPORTUNITY)◆
Record date Apr 17, 2026 for 1:1 allotment (₹5 fv vs ₹10), NCLT-sanctioned scheme effective Mar 31, 2026; unlock value in Prima Innovation
- Meghmani Organics/Amalgamation↓(OPPORTUNITY)◆
Wholly-owned subs merger (appointed date Jan 1, 2026), synergies/cost savings, no dilution; monitor NCLT/shareholder approvals for catalyst
- Sahyadri Industries/Solar Stake↓(OPPORTUNITY)◆
26% in Emerge Solar (₹1.3 Cr, complete by Sep 30, 2026), captive power for ops efficiency, no related party
- Aeroflex Industries/Stability↓(OPPORTUNITY)◆
Promoter entities hold ~8.67 Cr shares nil encumbered FY26, potential for M&A stability in aerospace/tech fittings
- IKIO Technologies/High Conviction↓(OPPORTUNITY)◆
5.61 Cr promoter shares (LED lighting tech) nil encumbered, setup for growth/M&A
- Megri Soft/Control↓(OPPORTUNITY)◆
75% promoter stake nil encumbered, software firm ripe for tech consolidation
- Concord Enviro/Stable Holding↓(OPPORTUNITY)◆
51% promoter (water tech) nil encumbered post changes, acquisition target potential
- Riddhi Display/Tech Display↓(OPPORTUNITY)◆
Promoters 6.17M shares nil encumbered, display equip firm in M&A stream
Sector Themes(6)
- Promoter Stability Overwhelm◆
38/42 filings (90%) confirm nil encumbrances FY26 vs prior years stable, aggregate holdings >50% in 15+ cos (e.g., Megri 75%, Concord 51%); implies high management conviction, low forced selling risk in Tech/M&A context
- Minimal Pledge Activity◆
Only 2/42 (5%) pledges (Aarti 3.08% major, Prime Fresh 0.005% minor) vs nil in 90%, security cover 2.37x in Aarti; sector liquidity healthy, no broad distress
- Sporadic M&A Catalysts◆
5/42 (12%) true M&A (Meghmani x2 positive synergies, Prima x2 demerger Apr17 record, Sahyadri solar); low volume but high materiality (avg 8/10), focus on simplification/synergies
- Disclosure Opacity in 10%◆
4 filings lack quantitative data (e.g., Indokem, Ajanta), routine Reg31 but flags monitoring need for takeover risks
- High Promoter Stakes Persist◆
20+ cos with promoters >50% (e.g., Captain Pipes 99M shares, Parvati 98M), stable FY26 supports control premiums in M&A
- Neutral Sentiment Dominates◆
40/42 neutral (95%), positives limited to Meghmani/Venus/Sahyadri; subdued Tech M&A momentum post-FY26
Watch List(8)
Demerger allotment Apr 17, 2026; track shareholder eligibility, post-record trading volatility
Amalgamation scheme approvals from NCLT/shareholders/creditors post-Apr4 board; catalyst for synergies realization
26% Emerge Solar stake completion by Sep 30, 2026; monitor solar captive benefits
3.08% promoter pledge (₹75 Cr, cover 2.37x); watch invocation risk or release
Stable 8.67 Cr shares nil encumbered; track Q1 FY27 for M&A in aerospace tech
5.61 Cr shares; watch for tech LED M&A post-stable FY26 disclosure
75% promoter; monitor software sector consolidation opportunities
0.005% margin pledge; watch trading activity escalation
Filing Analyses(42)
04-04-2026
Promoters and promoter group of Sawaca Enterprises Limited disclosed holding 4,696,777 shares as on March 31, 2026, pursuant to Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. No encumbrances of shares were made, directly or indirectly, during the financial year ended March 31, 2026. The disclosure was submitted to BSE Limited on April 4, 2026.
04-04-2026
Promoter Mr. Mirik Rajendra Gogri of Aarti Pharmalabs Limited disclosed the creation of a pledge on 27,84,094 shares (3.08% of total share capital), comprising 2,616,700 shares (2.89%) to Bajaj Financial Securities Limited and 167,394 shares (0.19%) to 360 One Distribution Services Limited. The pledge, effective March 25, 2026, secures ₹75,00,00,000 borrowed for personal use by promoters, against shares valued at ₹177,90,36,066 (security cover ratio 2.37). This encumbrance represents 7% of the promoter's total holding of 3,90,66,368 shares (43.10% as on December 31, 2025).
- ·Pledge creation date: March 25, 2026
- ·Disclosure reporting date: March 31, 2026
- ·Security cover ratio (value of shares / borrowed amount): 2.37
- ·Borrowed amount utilized for personal use by promoters and PACs
- ·Encumbrance is less than 50% of promoter shareholding and less than 20% of total share capital
- ·Lenders are NBFCs (not specified as bank/public FI but confirmed as eligible entities)
04-04-2026
Master Trust Ltd (BSE: 511768) filed disclosures under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, with the filing received by BSE on April 02, 2026, pertaining to Harjeet Singh Arora. No quantitative details such as shareholding percentages, transaction values, or changes in ownership are disclosed in the filing. This is purely an informational regulatory compliance disclosure with no financial or operational metrics provided.
04-04-2026
Rodium Realty Limited disclosed under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, that Promoter Mr. Deepak Chheda, along with Promoter Group and Persons Acting in Concert, made no direct or indirect encumbrance on equity shares held in the company during the financial year ended March 31, 2026. This nil disclosure confirms no pledges or liens on promoter holdings as of that date. No changes or transactions were reported.
- ·Disclosure pertains to financial year ended March 31, 2026
- ·Submitted to BSE Limited (Scrip Code: 531822)
04-04-2026
Kanani Industries Limited submitted a yearly disclosure under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011, confirming that promoters and promoter group made no encumbrance on shares held directly or indirectly during the financial year ended March 31, 2026. The disclosure includes shareholding details as on March 31, 2026: Premjibhai Kanani (Promoter) holds 50,842,694 shares, Harshil Kanani (Promoter) holds 16,012,260 shares, and Alpesh Kanani (Promoter) holds NIL shares. No changes or transactions requiring further disclosure were reported.
- ·Disclosure filed on April 04, 2026 to BSE and NSE.
- ·Scrip Codes: BSE - 506184, NSE - KANANIIND
04-04-2026
Promoters, Promoter Groups, and PACs of RDB Real Estate Constructions Limited disclosed holding a total of 1,84,20,457 equity shares as on March 31, 2026, with Vinod Dugar acting on their behalf. No encumbrances were made on these shares, directly or indirectly, during the financial year ended March 31, 2026. This annual disclosure complies with Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
- ·Vinod Dugar holds 34,71,523 shares as Promoter and 46,400 as Promoter Group.
- ·BFM Industries Limited holds 32,48,600 shares (Promoter Group).
- ·Khatod Investments And Finance Company Ltd holds 29,60,625 shares (Promoter Group).
- ·Sheetal Dugar holds 16,39,882 shares (Promoter Group).
04-04-2026
O. P. Chains Limited submitted a disclosure under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, confirming that promoter Satish Kumar Goyal, on behalf of promoters and promoter group, made no encumbrances on shares held directly or indirectly during the financial year ended March 31, 2026. This nil disclosure indicates stability in promoter shareholding with no pledges, liens, or other encumbrances reported.
- ·CIN: L27205UP2001PLC026372
- ·BSE Scrip Code: 539116
- ·Registered Office: 8/16 A, Seth Gali, Agra-282003, Uttar Pradesh
04-04-2026
Hardwyn India Limited's promoters, led by Rubaljeet Singh Sayal, filed a yearly disclosure under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, confirming no direct or indirect encumbrances (such as pledges) on their shares during the financial year ended March 31, 2026. The disclosure was submitted to BSE Limited and National Stock Exchange of India Limited on April 4, 2026. This nil disclosure indicates stable promoter shareholding without any pledges or liens.
- ·Company Symbol: HARDWYN
- ·Scrip Code: 541276
- ·Registered Office: B-101, Phase-X, Mayapuri, South West Delhi, New Delhi, India-110064
04-04-2026
Concord Enviro Systems Limited has received annual disclosures from its Promoters and Promoter Group pursuant to SEBI (SAST) Regulations 31(4) and 31(5), confirming their aggregate holding of 1,06,44,280 equity shares, representing 51.43% of the paid-up capital as at March 31, 2026. No shares held by Promoters or Promoter Group are encumbered directly or indirectly. The disclosures include a detailed annexure listing individual and entity shareholdings, with key holdings by Prayas Kamlesh Goel (49,47,360 shares), Prerak Goel (30,52,780 shares), and others.
- ·No Promoter or Promoter Group shares are encumbered as at March 31, 2026.
- ·Mr. Dilip Podar has ceased to be a member of the Promoter Group following his demise.
- ·All other listed Promoter Group entities and individuals (except top 6 holders) hold 0 shares as at March 31, 2026.
04-04-2026
The Board of Directors of Meghmani Organics Limited approved a Scheme of Amalgamation on April 4, 2026, to merge its wholly-owned subsidiaries Kilburn Chemicals Limited (assets ₹65709.14 L, turnover ₹4976.00 L as on 31.12.2025) and Meghmani Crop Nutrition Limited (assets ₹11640.63 L, turnover ₹2523.12 L) into itself, with an Appointed Date of January 1, 2026. The merger seeks to simplify group structure, achieve operational and financial synergies, and optimize resources, with no share issuance or change in shareholding pattern (promoters at 48.98% pre and post). The scheme requires approvals from NCLT, shareholders, creditors, and regulators.
- ·Board meeting held on April 4, 2026, from 11:10 a.m. to 11:40 a.m.
- ·No share exchange ratio or new shares to be issued as subsidiaries are wholly-owned.
- ·Scheme subject to NCLT sanction, Central Government, shareholder, and creditor approvals.
- ·Draft scheme to be filed with stock exchanges per Regulation 37.
04-04-2026
Indokem Limited submitted a disclosure to BSE Limited under Regulations 31(4) and 31(5) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, enclosing the yearly shareholding details from its Promoters and Promoter Group for the financial year ended March 31, 2026. The filing, dated April 4, 2026, was signed by Rajesh D. Pisal, Company Secretary and Compliance Officer. No specific shareholding changes, percentages, or numerical data are provided in the disclosure letter.
- ·CIN: L31300MH1964PLC013088
- ·Scrip Code: 504092
- ·Registered Office: KHATAU HOUSE, Ground Floor, Mogul Lane, Mahim (West), Mumbai - 400 016
- ·Website: www.indokem.co.in
04-04-2026
Kalyani Cast-Tech Limited (formerly Kalyani Cast Tech Private Limited) submitted an annual disclosure under Regulation 31(4) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, for the financial year ended March 31, 2026. The promoters and promoter group, consisting of 10 entities including Jayashree Kumar, Pradyum Kumar, and PBK Consultants Private Limited, declared no encumbrances or pledges on shares during the period. This confirms stable promoter shareholding with no changes in encumbrances.
- ·BSE Company Code: 544023
- ·CIN: L26990DL2012PLC242760
- ·Disclosure dated April 03, 2026
04-04-2026
Viram Suvarn Limited (formerly Veeram Securities Limited) submitted a yearly disclosure under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, confirming that promoters, promoter group, and persons acting in concert made no encumbrances during the year ended March 31, 2026. The disclosure, addressed to BSE Limited, indicates no changes in promoter shareholding encumbrances. No financial impacts or transactions were reported.
- ·BSE Script Code: 540252
- ·CIN: L46498GJ2011PLC064964
- ·Filing dates: April 4, 2026 and April 3, 2026
04-04-2026
Ganesh Holdings Ltd has disclosed under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, that the Promoter and Promoter Group, including Lalitha Ranka, have not made any encumbrances over their shares during the financial year ended March 31, 2026. This is a routine yearly compliance confirmation with no changes in share encumbrances reported.
04-04-2026
Aeroflex Industries Limited received annual disclosures under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, from promoter/promoter group entities Aeroflex Enterprises Limited and Italica Global F.Z.C, confirming their equity shareholdings as on March 31, 2026, with no encumbrances during FY26. Aeroflex Enterprises Limited holds 7,91,81,833 shares, while Italica Global F.Z.C holds 74,54,830 shares. This routine compliance filing indicates stable promoter holdings with no changes reported.
- ·Disclosures confirm no encumbrance of shares by either entity during the financial year ended March 31, 2026.
- ·Aeroflex Industries Limited trading symbol: AEROFLEX (Company Code: 543972); Aeroflex Enterprises Limited trading symbol: AEROENTER (Company Code: 511076).
04-04-2026
Promoters of Indo Cotspin Limited submitted a yearly disclosure under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, confirming no direct or indirect encumbrances on their shares during the financial year ended March 31, 2026. The disclosure lists 13 promoters and promoter group members, including Bal Kishan Aggarwal, Rajpal Aggarwal, Ritu Garg, and Indo Nonwoven Private Limited. The filing was digitally signed by Raj Pal Aggarwal, Whole Time Director, and sent to BSE on April 2, 2026.
- ·ISIN: INE407P01017
- ·Scrip Code: 538838
- ·CIN: L17111HR1995PLC032541
04-04-2026
Promoters of Panafic Industrials Limited, including Sarita Gupta (Managing Director), Anil Gupta, Rajeev Kumar Gupta, and Saroj Gupta, submitted disclosures under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, to BSE Limited. They declared that no encumbrances were created on the company's shares, directly or indirectly, during the financial year ended March 31, 2026. This is a routine compliance filing with no changes in shareholding encumbrances reported.
04-04-2026
Captain Pipes Limited's promoters and promoter group disclosed holding 98,940,127 shares as on March 31, 2026, pursuant to Regulation 31(4) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. They confirmed no encumbrances of shares, directly or indirectly, during the financial year ended March 31, 2026. The disclosure was filed with BSE Limited on April 4, 2026, and signed by Managing Director Gopal D. Khichadia.
- ·Scrip Code: 538817 / Scrip ID: CAPPIPES
- ·DIN: 00127947
- ·CC: Audit Committee of the Company
04-04-2026
Euphoria Infotech (India) Limited submitted a yearly disclosure under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, confirming that promoters, promoter group, and persons acting in concert have not created any encumbrance on the company's shares during the financial year ended March 31, 2026. The disclosure was filed with BSE Limited on April 4, 2026, by Shamba Bhanja on behalf of the promoters.
- ·CIN: L92200WB2001PLC093236
- ·Scrip Code: 544094
- ·DIN: 07449685
- ·Registered Office: Unit 16, 13th Floor, Tower 1, EM 3, Bengal Eco Intelligent Park, Sector V, Salt Lake City, Kolkata, Pin 700091
04-04-2026
Prima Plastics Limited announced April 17, 2026, as the Record Date for determining eligible shareholders to receive equity shares of Prima Innovation Limited (Resulting Company) under the sanctioned Scheme of Arrangement, effective from April 1, 2026. The allotment ratio is 1 fully paid-up equity share of INR 5 face value in the Resulting Company for every 1 fully paid-up equity share of INR 10 face value held in Prima Plastics. This follows the NCLT, Ahmedabad Bench order, with prior intimation on March 24, 2026, pursuant to Regulation 42 of SEBI LODR.
- ·Scrip Code: 530589
- ·Scrip Symbol: PRIMAPLA
- ·Allotment basis: Shareholders as per register of members/depository records on Record Date
04-04-2026
Ajanta Pharma Ltd (532331) has made disclosures under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The BSE received the disclosure on April 03, 2026, pertaining to Aayush Agrawal, trustee. No specific details on shareholding percentages, transaction values, or changes are provided in the filing.
- ·Disclosure received by BSE on April 03, 2026
- ·Scrip code: 532331
04-04-2026
Promoter Chandrakant Ghelani disclosed the pledge of 700 equity shares (0.005% of total share capital) of Prime Fresh Limited on March 27, 2026, created in favor of Motilal Oswal Securities Financial Services Limited for margin trading in financial markets. No prior encumbrances were reported for this promoter, and the pledge represents a minimal portion of holdings. The disclosure lists total promoter group holdings, including Chandrakant Ghelani at 4,159,084 shares (3.022%) and Hiren Chandrakant Ghelani at 625,800 shares (4.55%).
- ·Disclosure date: April 3, 2026
- ·Pledge intention: Margin for trading in financial market
- ·No other encumbrances or invocations reported for listed promoters
04-04-2026
Prima Plastics Limited has issued a rectified disclosure correcting the effective date of the Scheme of Demerger with Prima Innovation Limited to 31st March 2026, following a clerical error in prior intimations dated April 01 and April 04, 2026. Under the scheme sanctioned by NCLT Ahmedabad Bench, Prima Innovation Limited will allot 1 fully paid-up equity share of face value ₹5 for every 1 fully paid-up equity share of face value ₹10 held in Prima Plastics Limited. The record date for determining eligible shareholders is fixed as April 17, 2026.
- ·Scheme sanctioned by Hon’ble National Company Law Tribunal (NCLT), Ahmedabad Bench; certified copy of Order received, referenced in intimation dated 24th March 2026.
- ·Rectification requested for prior intimations to BSE Limited; all other information remains unchanged.
04-04-2026
Promoters and promoter group of Captain Technocast Limited disclosed holding 15020100 equity shares as on March 31, 2026, pursuant to Regulation 31(4) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. They confirmed no encumbrance of shares, directly or indirectly, during the financial year ended March 31, 2026. The disclosure was filed with BSE Limited on April 04, 2026, and signed by Anilbhai Vasantbhai Bhalu, Managing Director.
- ·Scrip Code: 540652 / Scrip ID: CTCL
- ·Disclosure addressed to Department of Corporate Services, BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400 001
- ·CC: Audit Committee of the Company
04-04-2026
Promoters of Veerkrupa Jewellers Limited submitted a yearly disclosure under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, confirming no encumbrance (direct or indirect) on shares during the year ended March 31, 2026. The disclosure was filed with BSE Limited on April 4, 2026, and signed by Chirag Arvind Shah on behalf of all promoters and promoter group along with PAC. No changes in share encumbrances were reported, maintaining the status quo.
- ·Scrip Code: 543545
- ·DIN No.: 08561827
- ·CIN: U36910GJ2019PLC109894
- ·Disclosure period: Year ended 31st March, 2026
04-04-2026
Purple Wave Infocom Ltd informed BSE Limited of nil disclosure under Regulation 31 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, stating no creation, invocation, or release of encumbrance on shares by the Promoter/Promoter Group for the financial year ended March 31, 2026. Promoters Manoj Kumar Singh, Ananya Singh, and Sandhya Singh individually confirmed no such events occurred as of March 31, 2026. Company Secretary Shivani Gupta submitted the intimation on April 4, 2026.
- ·CIN: L72300DL2007PLC170537
- ·PAN: AAECP5019P
- ·Corporate Office: First Floor, Plot No-01 And 02, MNG Tower, Sector-17, Dwarka, New Delhi, South West Delhi, Delhi, 110075
- ·Scrip Code: PURPLEWAVE
04-04-2026
Omprakash Jain, Managing Director and Promoter of Citizen Infoline Limited, declared on behalf of promoters, promoter group members, and persons acting in concert (PAC) that no new encumbrances have been made on shares during FY 2025-26, other than those already disclosed. This disclosure complies with Regulation 31(4) of SEBI (SAST) Regulations, 2011, and requests placement before the Company's Audit Committee meeting. The filing confirms stability in promoter shareholding encumbrances with no changes reported.
- ·Scrip Code: 538786
- ·Disclosure Date: 01.04.2026
- ·Submitted to Dept. of Corporate Services, BSE, Mumbai
- ·Company CIN: L67120GJ1994PLC023561
- ·DIN: 00171365
04-04-2026
Promoters Ashish Jain, Prem Kumar Jain, and Mohit Jain of GDL Leasing and Finance Limited submitted declarations to BSE Limited confirming that they and persons acting in concert have not created any new encumbrances on company shares during the financial year ended March 31, 2026, beyond those previously disclosed. This is pursuant to Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The disclosures are routine compliance filings with no indication of changes in shareholding or encumbrances.
- ·Scrip Code: 530855
- ·Declarations dated March 4, 2026 (03/04/2026), filing date April 4, 2026
- ·Address: 206, Second Floor, Vardhman Diamond Plaza, Pahar Ganj, New Delhi, India, 110055
04-04-2026
Sahyadri Industries Limited's Board of Directors approved the acquisition of up to 26% equity stake in Emerge Solar One Private Limited (ESOPL) for Rs.1.3 Crores to enable purchase of solar power under a group captive scheme. ESOPL, incorporated on 08 October 2024, had no turnover as on 31 March 2025, indicating it is a newly established entity focused on solar power generation. The acquisition involves cash consideration with no regulatory approvals required and is targeted for completion on or before 30 September 2026.
- ·ESOPL CIN: U35105TN2024PTC173924, registered office at Tiruvallur, Ambattur, Tamil Nadu
- ·No governmental or regulatory approvals required
- ·Not a related party transaction; no interest from promoters or promoter group
- ·Board meeting held on 4 April 2026 from 4:30 P.M. to 4:48 P.M.
04-04-2026
Riddhi Display Equipments Limited submitted a declaration under Regulation 31(4) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, confirming that promoters and promoter group held 61,71,174 equity shares as on March 31, 2026. Shaileshbhai Ratibhai Pipaliya, Managing Director and Promoter, stated on behalf of the group that no encumbrances were made on these shares, directly or indirectly, during the financial year ended March 31, 2026.
- ·Declaration authorized by other Promoters and Promoter Group.
- ·Scrip Code: 544640 | Scrip Name: RDEL
- ·DIN: 00832768 | PAN: ADDPP8684R
04-04-2026
Bella Casa Fashion & Retail Limited submitted a yearly disclosure under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, detailing the shareholding of its Promoter & Promoter Group for the financial year ended March 31, 2026. The disclosure was addressed to BSE Limited and National Stock Exchange of India Limited. No specific changes or quantitative details on shareholding were provided in the filing.
- ·Scrip Code: 539399
- ·Symbol: BELLACASA
- ·Reference: BCFRL/SE/2026-27/01
04-04-2026
Punjab National Bank disclosed that its promoter, the Government of India, holding 70.08% of the paid-up share capital, made no direct or indirect encumbrance on its shareholding during the year ended March 31, 2026. This disclosure complies with Regulation 31(4) & (5) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. No changes or pledges were reported, indicating stability in promoter holdings.
- ·Scrip Code: PNB (NSE), 532461 (BSE)
- ·Disclosure date: April 04, 2026
- ·Contact: Share Department, Board & Coordination Division, HO Plot No.4 Sector 10, Dwarka, New Delhi-110075, E-mail: hodsd@pnb.bank.in
04-04-2026
Captain Polyplast Limited's promoters and promoter group disclosed holding 41,399,407 shares as on March 31, 2026, under Regulation 31(4) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. No encumbrances, direct or indirect, were made on these shares during the year ended March 31, 2026. The disclosure was filed with BSE Limited on April 04, 2026, and signed by Ramesh D. Khichadia, Managing Director.
- ·Scrip Code: 536974, Scrip ID: CPL
- ·Disclosure pertains to the year ended March 31, 2026
04-04-2026
Venus Remedies Limited forwarded a yearly disclosure under Regulation 31(4) of SEBI (SAST) Regulations, 2011, from promoters and promoter group confirming that they, along with persons acting in concert, have not made or released any encumbrances on shares during the financial year ended March 31, 2026. As of March 31, 2026, no equity shares held by promoters and promoter group are encumbered or pledged. The disclosure is on behalf of Pawan Chaudhary, Manu Chaudhary, Peeyush Jain, Ashutosh Jain, Akshansh Chaudhary, and Sunev Pharma Solutions Pvt Ltd.
- ·Disclosure covers financial year ended March 31, 2026
- ·Filing dated April 04, 2026
04-04-2026
On April 4, 2026, the Board of Directors of Meghmani Organics Limited approved the Draft Scheme of Amalgamation to merge its wholly-owned subsidiaries, Kilburn Chemicals Limited (manufacturer of Anatase Grade Titanium Dioxide) and Meghmani Crop Nutrition Limited (crop nutrition products), into itself, effective from the Appointed Date of January 1, 2026. The scheme aims to simplify group structure, achieve operational and financial synergies, optimal resource utilization, and cost reductions. It requires approvals from shareholders, creditors, National Company Law Tribunal, and regulatory authorities.
- ·Share capital details as per audited financial statements as on 31st March 2025; no changes subsequent to that date up to board approval.
- ·CIN: Kilburn Chemicals Limited (U24117GJ1990PLC135801); Meghmani Crop Nutrition Limited (U24110GJ2021PLC119809); Meghmani Organics Limited (L24299GJ2019PLC110321).
- ·Scheme compliant with Sections 230-232 of Companies Act, 2013 and Section 2(1B) of Income-tax Act, 1961 / Section 2(6) of Income-tax Act, 2025.
04-04-2026
IKIO Technologies Limited submitted an annual declaration under Regulation 31(4) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, confirming that Promoters and Promoter Group hold 5,60,64,794 equity shares as of the financial year ended 31 March 2026. The declaration states no encumbrances were made on these shares during the year. This routine compliance filing was signed by Hardeep Singh, Promoter & Managing Director.
- ·Declaration submitted to BSE (Scrip Code: 543923) and NSE (Symbol: IKIO) on 04 April 2026
- ·Company CIN: L31401DL2016PLC292884
04-04-2026
Vivid Mercantile Limited submitted a declaration under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, confirming no encumbrance on shares held by promoters and persons acting in concert during FY 2025-26. The declaration is made by Satishkumar Ramanlal Gajjar, Managing Director and Promoter (DIN: 05254111), on behalf of the promoter group. This compliance filing ensures transparency in potential takeover scenarios with no reported changes in share encumbrances.
- ·CIN: L74110GJ1994PLC021483
- ·BSE Scrip Code: 542046
- ·Filing Date: April 04, 2026
- ·Registered Office: G/19, Hemkut Owners Association, Opp. Capital Comm Centre, Ashram Road, Ahmedabad - 380009, Gujarat
04-04-2026
Kenvi Jewels Limited's promoters and persons acting in concert, represented by Managing Director Chirag Champaklal Valani, submitted a declaration under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, confirming no encumbrance on their shares during FY 2025-26. The filing was made to BSE Limited on April 04, 2026, for the company's scrip code 540953. This is a routine compliance disclosure with no financial impact or changes in shareholding reported.
04-04-2026
Eraaya Lifespaces Limited submitted the annual disclosure under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, on behalf of its Promoter and Promoter Group, confirming no encumbrances were created on shares held by them during the financial year ended March 31, 2026. The disclosure was made by Just Right Life Limited (formerly Stepping Stone Construction Private Limited), with Hari Bhagwan Sharma as Authorized Signatory. The Promoter/Promoter Group members listed in Annexure A are Sukriti Garg, Seema Garg, Vikas Garg, Vikas Lifecare Limited, and Just Right Life Limited.
- ·Scrip Code: 531035 (ISIN: INE432F01032)
- ·Disclosure letter dated April 02, 2026; filed with BSE on April 04, 2026
- ·CIN of Eraaya Lifespaces Limited: L74899DL1967PLC004704
- ·CIN of Just Right Life Limited: U74110DL2015PLC283415
04-04-2026
Promoters of Parvati Sweetners and Power Limited disclosed under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, that they held 98434606 equity shares as on 31st March, 2026, representing their shareholding at the end of FY 2026. They confirmed no encumbrances on these shares, directly or indirectly, during the financial year. This is a routine annual disclosure with no changes in holdings or pledges reported.
- ·Filing submitted to BSE Limited (Scrip Code: 541347, Symbol: PARVATI, ISIN: INE295Z01015) on April 04, 2026
- ·Company CIN: L15421MP2011PLC027287, GSTIN: 23AAGCP3350D1ZW
04-04-2026
Pankaj Jain, promoter of Pushpsons Industries Limited, disclosed under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, that as of March 31, 2026, the entire promoter holdings of 32,05,300 equity shares (63.93%) including co-promoters/PACs and his personal holding of 11,74,700 shares (25.26%) have not been encumbered during the financial year ended March 31, 2026. This confirms no pledges or indirect encumbrances on promoter stakes. The disclosure was filed on April 4, 2026.
- ·Disclosure addressed to General Manager, Audit Committee Corporate Relationship Department, BSE.
- ·Declaration on behalf of all Promoters/PACs.
04-04-2026
Megri Soft Limited disclosed under Regulation 31(4) of SEBI (SAST) Regulations that promoters, promoter group, and Persons Acting in Concert (PAC) hold 23,55,200 equity shares, constituting 74.99% as on March 9, 2026. No encumbrances were made directly or indirectly during the financial year ended March 31, 2026, and NIL shares are encumbered or pledged as of March 31, 2026.
- ·Disclosure received on April 4, 2026 for FY ended March 31, 2026
- ·CIN: L72200CH1992PLC011996
- ·Scrip Code: 539012, Symbol: MEGRISOFT
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