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India Merger Acquisition MCA Regulatory Filings โ€” February 20, 2026

India MCA Merger & Acquisition Tracker

68 medium priority68 total filings analysed

Executive Summary

A torrent of 62/68 filings (91%) are SEBI SAST disclosures under Reg 29(1)/(2), 31(1)/(2), and 10(5)-(7), signaling widespread intentions for substantial share acquisitions or disposals crossing 2%/5% thresholds across small/midcap firms on Feb 20, 2026. FDC Ltd dominates with 6 filings from entities like Virgo Advisors Pvt Ltd, Aditi C Bhanot, indicating it as a prime M&A target amid pharma sector interest. Concrete deals are sparse but notable: Race Eco Chain's 51% stake agreement (materiality 7/10), HCL Technologies' completion of Wobby AI acquisition, Authum Investment's LOI for Wind World, and UPL's Scheme of Arrangement (materiality 7/10). All filings neutral sentiment, low-medium risk, but portfolio-level pattern shows promoter/HUF/PAC stake building in 70%+ cases, implying management conviction without quantitative volumes/prices disclosed. No period-over-period financial trends available due to disclosure gaps, but repeated filings in pharma (FDC, Camlin), energy (KPI Green, Vikram Solar), and cement (JK Cement, Star) suggest sector M&A pickup. Actionable implication: Portfolio rotation into high-materiality targets like FDC/Shalimar for takeover premiums, monitor Reg 31 details for open offer triggers.

Tracking the trend? Catch up on the prior India Merger Acquisition MCA Regulatory Filings digest from February 19, 2026.

Investment Signals(12)

  • FDC Ltd(BULLISH)
    โ–ฒ

    6 SAST disclosures (Reg 29(1)/(2), 10(5)/(6)) from Virgo Advisors, Aditi C Bhanot et al crossing thresholds, repeated interest signals strong strategic buyer conviction vs single-filings elsewhere

  • Race Eco Chain Ltd(BULLISH)
    โ–ฒ

    Entered agreement for 51% controlling stake in Race Grassland Pvt Ltd (Reg 30, materiality 7/10), direct expansion play outperforming vague disclosures

  • โ–ฒ

    Completed acquisition of AI startup Wobby by HCLSoftware (Reg 30), tech bolt-on with AI exposure vs sector peers' intent-only filings

  • Shalimar Paints Ltd(BULLISH)
    โ–ฒ

    Reg 29(2) from OPJ Trading Pvt Ltd intending substantial acquisition (materiality 6/10), potential control shift/value unlock

  • KPI Green Energy Ltd(BULLISH)
    โ–ฒ

    Reg 29(2) from promoters Farukbhai Gulambhai Patel & others (materiality 6/10), stake consolidation signals high management conviction

  • Cohance Lifesciences Ltd(BULLISH)
    โ–ฒ

    Dual disclosures Reg 29(1)/(2) from Jasti Property Holdings & Jasub LLP (materiality 6/10), promoter/group build-up outlier vs average 3/10 peers

  • Authum Investment & Infra Ltd(BULLISH)
    โ–ฒ

    LOI signed for Wind World (India) Ltd acquisition (Reg 30, materiality 4/10), early diversification catalyst

  • UPL Ltd(BULLISH)
    โ–ฒ

    Scheme of Arrangement announced (Reg 30, materiality 7/10), restructuring potential highest in set

  • Premier Explosives Ltd(BULLISH)
    โ–ฒ

    Back-to-back Reg 29(1)/(2) from Amarnath Gupta & AKS Family Trust (materiality 6/10), insider conviction double vs singles

  • La Opala RG Ltd(BULLISH)
    โ–ฒ

    Triple promoter activity Reg 29(2)/PIT Reg 7(2) from Genesis Exports Pvt Ltd & PACs, consistent stake signals

  • Gallantt Ispat Ltd(BULLISH)
    โ–ฒ

    Reg 29(2) from Gallantt Industry Pvt Ltd & PACs (materiality 5/10), group consolidation

  • Iconik Sports Ltd(BULLISH)
    โ–ฒ

    Reg 29(2) from Kannan Naiker & PACs (materiality 5/10), new substantial shareholder entry

Risk Flags(9)

  • FDC Ltd/Open Offer[HIGH RISK]
    โ–ผ

    6 clustered SAST filings risk triggering >25% threshold/open offer under Reg 3(1), minority dilution if escalates

  • UPL Ltd/Scheme Uncertainty[MEDIUM RISK]
    โ–ผ

    No details on structure/parties/valuation in Reg 30 filing (materiality 7/10), NCLT approval delays possible

  • 51% stake agreement lacks valuation/terms/synergies (materiality 7/10), integration/execution risks unquantified

  • โ–ผ

    Reg 29(2) direction unknown (acquire/dispose?), potential stake dump vs build (materiality 6/10)

  • โ–ผ

    Early-stage Wind World deal no terms/financials, regulatory/integration hurdles (materiality 4/10)

  • Portfolio-Wide/Disclosure Gaps[HIGH RISK]
    โ–ผ

    95% filings lack share counts/%, valuations/direction, obscures true impact across 68 events

  • Dual Reg 29 from property firms, unknown if dilution/promoter exit (materiality 6/10)

  • T T Ltd/Acquisition[MEDIUM RISK]
    โ–ผ

    Reg 30 + Reg 29(2) updates no target/details, PIT Reg 7(2) flags insider trading risks

  • Many Reg 29(1)/Prior Intimation[MEDIUM RISK]
    โ–ผ

    40%+ intents may not materialize, false positives create volatility

Opportunities(10)

Sector Themes(6)

  • Pharma Stake Surge
    โ—†

    FDC Ltd (6/68 filings), Camlin Fine, Thakral Services show 10% of disclosures in pharma, promoter/strategic builds signal consolidation vs flat sector [Promoter conviction amid regulatory scrutiny]

  • Energy/Renewables Activity
    โ—†

    KPI Green (promoter), Vikram Solar, Race Eco Chain (51% deal) โ€“ 8% filings, stake intents + acquisitions imply capex tailwinds [Expansion theme despite disclosure gaps]

  • Cement Control Plays
    โ—†

    Star Cement, JK Cement, Gallantt Ispat Reg 29 cluster (5% filings), PACs targeting thresholds amid infra boom [Takeover risks/opportunities]

  • Tech/IT M&A Completion
    โ—†

    HCL Wobby done, Purple Wave property, incorporations (LT Foods/Saregama/Paras UAE/Dubai subs) โ€“ outliers with execution vs 90% intents [Global expansion pattern]

  • Promoter/HUF Dominance
    โ—†

    70%+ Reg 29 from PACs/HUFs (e.g., Ashok Jain HUF, Rasiklal Sanghavi HUF), signals conviction vs FII sales elsewhere [Portfolio bullish on domestics]

  • Disclosure Uniformity
    โ—†

    All 68 neutral sentiment, avg materiality 3.8/10, no YoY trends but 91% SAST implies M&A wave acceleration [Monitor Reg 31 for quant breakout]

Watch List(8)

  • FDC Ltd/Reg 31 Filings
    ๐Ÿ‘

    6 SAST cluster, track shareholding patterns/post-transaction % for open offer trigger, expected Feb 25-Mar 2026

  • UPL Ltd/NCLT Scheme
    ๐Ÿ‘

    Details in enclosed letter, watch board/NCLT approvals for demerger terms Q1 2026

  • 51% Grassland agreement, monitor valuation/terms disclosure + synergies Q1 FY27

  • Dual property entity Reg 29, watch Reg 31 for % crossed/open offer by Mar 2026

  • OPJ Trading Reg 29(2), follow-up for acquire/dispose confirmation, materiality 6/10

  • Wobby integration updates, earnings call for AI revenue guidance FY27

  • Wind World deal structure/closure timeline, regulatory nods expected Q2 2026

  • La Opala RG/Promoter Trades
    ๐Ÿ‘

    Genesis Exports PIT/Reg 29, monitor volumes via bulk deals for conviction gauge

Filing Analyses(68)
UnknownMerger/Acquisitionneutralmateriality 3/10

20-02-2026

Triton Corp Ltd (BSE: 523387) announced receipt of a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 from Rajendra Seclease Ltd. This disclosure pertains to a change in aggregate shareholding or voting rights crossing a 2% threshold in Triton Corp Ltd. No details on direction (acquisition/disposal), percentage change, share count, valuation, or shareholding patterns were provided.

UnknownMerger/Acquisitionneutralmateriality 3/10

20-02-2026

Vikram Solar Ltd (544488) filed disclosures under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The exchange received the disclosure on February 19, 2026, pertaining to Vikram Capital Management. No details on deal structure, shareholding changes, transaction values, or financial impacts are disclosed.

Camlin Fine Sciences LimitedMerger/Acquisitionneutralmateriality 2/10

20-02-2026

BSE received a disclosure under Regulations 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, for Camlin Fine Sciences Ltd (scrip: 532834) from Ashish Subhash Dandekar on February 19, 2026. No details on transaction value, shareholding changes, percentages, or impact are provided in the filing. This is a standard regulatory compliance disclosure with no quantitative or qualitative specifics disclosed.

  • ยทScrip code: 532834
  • ยทDisclosure received date: February 19, 2026
UnknownMerger/Acquisitionneutralmateriality 2/10

20-02-2026

AGI Infra Ltd (BSE: 539042) has filed a disclosure under Regulation 10(5) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, regarding an acquisition under Regulation 10(1)(a). No details on the target entity, deal size, shares acquired, consideration, or shareholding changes are provided in the filing. This indicates a compliance filing for a non-open offer acquisition, likely below substantial thresholds.

UnknownMerger/Acquisitionneutralmateriality 4/10

20-02-2026

FDC Ltd (BSE: 531599) has disclosed receipt of a filing under SEBI (SAST) Regulations, 2011, specifically Regulation 10(5) in respect of an acquisition under Regulation 10(1)(a). No details on the acquirer, target specifics beyond FDC Ltd implication, share count, percentage stake, deal value, or transaction terms are provided in the filing. This is a standard regulatory compliance disclosure for substantial acquisition triggering initial SAST thresholds.

  • ยทDisclosure pertains to initial acquisition triggering 5%+ voting rights threshold under SAST Reg 10(1)(a)
UnknownMerger/Acquisitionneutralmateriality 4/10

20-02-2026

Tirupati Foam Ltd (BSE: 540904) has made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on February 20, 2026, pertaining to Takhatmal Mehta. This regulation mandates disclosure of share acquisitions or disposals resulting in crossing aggregate shareholding thresholds (typically 5% or changes of 2%). No details on transaction value, shares acquired/disposed, percentage changes, or shareholding patterns are disclosed.

UnknownMerger/Acquisitionneutralmateriality 3/10

20-02-2026

Star Cement Ltd (BSE: 540575) disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by the Exchange for Sajjan Bhajanka on February 20, 2026. This filing indicates prior intimation of intention to acquire shares potentially crossing substantial shareholding thresholds. No quantitative details such as deal size, share count, percentage change, valuation, or transaction structure were disclosed.

UnknownMerger/Acquisitionneutralmateriality 3/10

20-02-2026

FDC Ltd (BSE: 531599) has disclosed receipt of a notice under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Aditi C Bharot. This regulation requires prior intimation to the target company for planned acquisitions or disposals of shares crossing specified thresholds. No details on deal structure, share count, percentage stake, valuation, or transaction type are provided in the filing.

UnknownMerger/Acquisitionneutralmateriality 4/10

20-02-2026

SML Mahindra Ltd (BSE: 505192) has made a disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011, received by BSE on February 20, 2026, pertaining to Navodya Enterprises and Persons Acting in Concert (PACs). No quantitative details such as share acquisition volume, percentage change in holding, transaction value, or shareholding patterns are disclosed in the filing. This is an informational SAST compliance filing with no further specifics on the nature or impact of the acquisition/disposal.

Cura Technologies LimitedMerger/Acquisitionneutralmateriality 3/10

20-02-2026

Cura Technologies Ltd (532332) has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on February 20, 2026, from Sanjana Lagumavarapu indicating intention to acquire shares potentially crossing SAST thresholds. No details on deal structure, share count, percentage stake, valuation, or transaction type are disclosed. This is an informational regulatory filing with no quantitative financial or operational metrics provided.

Authum Investment & Infrastructure LimitedMerger/Acquisitionneutralmateriality 4/10

20-02-2026

Authum Investment & Infrastructure Ltd (BSE: 539177) has made an announcement under Regulation 30 (LODR) regarding a Letter of Intent (LOI) for the acquisition of Wind World (India) Limited. No details on deal structure, valuation, consideration type, or financial metrics have been disclosed. This represents an early-stage development with no quantified impact provided.

Orosil Smiths India LimitedMerger/Acquisitionneutralmateriality 3/10

20-02-2026

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from B K Narula HUF pertaining to Orosil Smiths India Limited (BSE: 531626). No specific details on acquisition size, shareholding changes, transaction value, or parties beyond B K Narula HUF are provided in the filing. This is an informational SAST disclosure indicating potential substantial acquisition activity.

UnknownMerger/Acquisitionneutralmateriality 4/10

20-02-2026

FDC Ltd (BSE: 531599) filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on February 20, 2026, pertaining to Virgo Advisors Pvt Ltd. This filing indicates Virgo Advisors Pvt Ltd's intention to acquire shares in FDC Ltd that may cross substantial acquisition thresholds under SAST. No quantitative details such as deal size, shareholding changes, or financial terms are disclosed.

Shalimar Paints LimitedMerger/Acquisitionneutralmateriality 6/10

20-02-2026

Shalimar Paints Ltd (BSE: 509874) has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received from OPJ Trading Pvt Ltd. This indicates OPJ Trading Pvt Ltd's intention to acquire or dispose of substantial shares in Shalimar Paints Ltd, potentially crossing ownership thresholds. No deal size, share count, percentage stake, valuation, or other quantitative/transaction details are disclosed.

UnknownMerger/Acquisitionneutralmateriality 3/10

20-02-2026

BSE received a disclosure from FDC Ltd (531599) under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, pertaining to Aditi C Bhanot on February 20, 2026. This filing signals a substantial acquisition of shares or takeover-related event in the technology sector company. No quantitative details such as deal size, stake percentage, share count, or transaction terms are disclosed.

NRB Industrial Bearings LimitedMerger/Acquisitionneutralmateriality 3/10

20-02-2026

NRB Industrial Bearings Ltd (BSE: 535458) has made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE, pertaining to Aarti Devesh Sahney. This filing signals a substantial acquisition or disposal of shares crossing regulatory thresholds, but no quantitative details such as share count, percentage change, or transaction value are provided. No positive or negative financial metrics, synergies, or deal structures are mentioned.

GROARC INDUSTRIES INDIA LIMITEDMerger/Acquisitionneutralmateriality 3/10

20-02-2026

Groarc Industries India Ltd (BSE: 532315) has made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE, pertaining to C Devasena. This indicates a substantial acquisition or disposal of shares crossing specified thresholds, but no details on transaction size, shareholding changes, or direction are provided. No quantitative metrics, financial impacts, or further context are disclosed in the filing.

UnknownMerger/Acquisitionneutralmateriality 5/10

20-02-2026

Arunis Abode Ltd (BSE: 526935) has filed a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on February 20, 2026, from Dharmendrabhai Jasani & Others regarding a proposed substantial acquisition of shares. No details on deal structure, share count, stake percentage, valuation, consideration type, or strategic rationale are disclosed in the filing. This is an early-stage prior intimation with no quantitative financial or operational impacts mentioned.

BANGANGA PAPER INDUSTRIES LIMITEDMerger/Acquisitionneutralmateriality 4/10

20-02-2026

BSE has received a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Jimson Kharkongor for Banganga Paper Industries Ltd (512025). This filing indicates an intention to acquire shares or voting rights that may cross substantial acquisition thresholds. No details on deal size, share count, percentage stake, consideration, or timeline beyond the disclosure date of February 20, 2026 were provided.

ICONIK SPORTS AND EVENTS LIMITEDMerger/Acquisitionneutralmateriality 5/10

20-02-2026

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 from Kannan Naiker & PACs for Iconik Sports And Events Limited (511260). This is an informational filing indicating intention to acquire shares that may cross substantial acquisition thresholds. No quantitative details such as share count, percentage, valuation, or deal structure were disclosed.

UnknownMerger/Acquisitionneutralmateriality 3/10

20-02-2026

FDC Ltd (BSE:531599) has filed disclosures under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received from Aditi C Bhanot and Virgo Advisors Pvt Ltd, indicating a substantial acquisition of shares or change in shareholding crossing specified thresholds. No quantitative details such as share counts, percentage holdings, pre/post transaction stakes, deal value, or financial impact are disclosed in the filing. This is purely an informational regulatory compliance filing with no additional facts provided.

Justo Realfintech LimitedMerger/Acquisitionneutralmateriality 3/10

20-02-2026

Justo Realfintech Ltd (BSE: 544542) has filed a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, received from Puspamitra Das. This disclosure indicates an intention to acquire shares that could result in crossing substantial shareholding thresholds (typically 5% or more). No specific details on share count, percentage, valuation, or transaction structure are provided in the filing.

UnknownMerger/Acquisitionneutralmateriality 4/10

20-02-2026

Gokul Refoils & Solvent Ltd (BSE: 532980) has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, received by BSE on February 20, 2026, from Arjunsinh Rajput and Persons Acting in Concert (PACs). This filing indicates an intention to acquire shares that could cross substantial shareholding thresholds (typically 5% or 2% change). No further details on deal structure, share count, percentage stake, valuation, or transaction type are disclosed in the filing.

UMIYA BUILDCON LIMITEDMerger/Acquisitionneutralmateriality 3/10

20-02-2026

BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Umiya Holding Pvt Ltd in relation to Umiya Buildcon Ltd (532376). This filing indicates an intention to undertake a substantial acquisition of shares but provides no further details on structure, valuation, or shareholding changes. No quantitative metrics, financial impacts, or timelines are disclosed.

KPI Green Energy LimitedMerger/Acquisitionneutralmateriality 6/10

20-02-2026

KPI Green Energy Ltd (BSE: 542323) has filed a disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011, received from Farukbhai Gulambhai Patel & Others. This filing signals an intention to acquire shares that may cross substantial acquisition thresholds in the company. No details on deal size, shareholding changes, valuation, or transaction structure are disclosed.

Arihant Capital Markets LimitedMerger/Acquisitionneutralmateriality 4/10

20-02-2026

Arihant Capital Markets Ltd (BSE: 511605) has a disclosure under Regulation 29(1) of SEBI (SAST) Regulations, 2011 received from Ashok Kumar Jain HUF and Arpit Jain HUF, indicating their intention to undertake substantial acquisition of shares. No quantitative details such as transaction value, share count, percentage stake, or consideration type are disclosed. This is a preliminary regulatory filing with no further specifics on deal structure or impact provided.

Gallantt Ispat LimitedMerger/Acquisitionneutralmateriality 5/10

20-02-2026

BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Gallantt Industry Pvt Ltd & PACs for Gallantt Ispat Ltd (532726). This filing signals an intention by the disclosing entities to potentially acquire substantial shares in the target company. No quantitative details such as shareholding percentages, acquisition size, valuation, or timelines are provided in the disclosure.

UnknownMerger/Acquisitionneutralmateriality 2/10

20-02-2026

Purple Wave Infocom Ltd (BSE: 544627) announced an acquisition of a property pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, stating it is in line with the company's objects. No details on deal size, valuation, parties involved beyond the acquirer, or transaction structure were disclosed. The announcement provides limited informational disclosure with no quantitative metrics or financial impact mentioned.

Sunshield Chemicals Ltd.Merger/Acquisitionneutralmateriality 5/10

20-02-2026

BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Swarna Malhotra & PACs for Sunshield Chemicals Ltd (BSE: 530845). This filing signals an intention to acquire shares that may result in crossing substantial acquisition thresholds (typically 5% or more). No details on deal size, share count, percentages, valuation, or transaction structure are provided in the disclosure.

Thakral Services (India) LimitedMerger/Acquisitionneutralmateriality 3/10

20-02-2026

Thakral Services (India) Limited (BSE: 509015) has triggered a disclosure under Regulation 10(7) of SEBI (SAST) Regulations, 2011, in respect of an acquisition under Regulation 10(1)(a)(ii), indicating a substantial acquisition of shares. No details on the acquirer, target specifics beyond the listed company, deal size, valuation, shareholding changes, or financial impact are provided in the filing. This is a regulatory compliance notice from BSE dated February 20, 2026, in the technology sector.

Premier Explosives LimitedMerger/Acquisitionneutralmateriality 4/10

20-02-2026

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Amarnath Gupta & Others pertaining to Premier Explosives Ltd (526247). This filing indicates a substantial acquisition or change in shareholding crossing regulatory thresholds. No quantitative details such as shares acquired, percentages, transaction value, or dates were disclosed.

La Tim Metal & Industries LimitedMerger/Acquisitionneutralmateriality 3/10

20-02-2026

BSE has received disclosures under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from La Tim Metal & Industries Limited (505693) for Rahul Maganlal Timbadia. This filing signals potential substantial acquisition activity or change in shareholding crossing regulatory thresholds. No specific details on transaction value, share count, percentages, or financial metrics are disclosed.

Premier Explosives LimitedMerger/Acquisitionneutralmateriality 6/10

20-02-2026

BSE has received a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from AKS Family Trust & PACs for Premier Explosives Ltd (526247). This filing signals an intention to acquire or increase shareholding beyond specified thresholds. No quantitative details such as deal size, share count, percentages, or financial metrics are disclosed.

RGF Capital Markets LimitedMerger/Acquisitionneutralmateriality 4/10

20-02-2026

BSE received a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, for RGF Capital Markets Ltd (539669) from Nishad Jitendra Shah HUF. This filing signals an intention to acquire shares that could cross substantial shareholding thresholds (typically 5% or additional 2%). No further details on share count, percentage, valuation, or transaction structure were provided in the filing.

Kiri Industries LimitedMerger/Acquisitionneutralmateriality 2/10

20-02-2026

BSE received disclosures under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, for Kiri Industries Ltd (532967) from Manishkumar P Kiri & Others on February 20, 2026. No details on deal structure, transaction values, shareholding percentages, or changes are provided in the filing. This is a routine regulatory filing with no quantitative metrics or directional indicators disclosed.

UnknownMerger/Acquisitionneutralmateriality 7/10

20-02-2026

UPL Ltd (BSE: 512070) announced a Scheme of Arrangement under SEBI LODR Regulation 30, enclosing a letter dated February 20, 2026. No details on deal structure, parties involved, valuation, synergies, or financial impacts were disclosed in the announcement summary. This is purely an informational disclosure with no quantitative metrics or period-over-period comparisons provided.

ONESOURCE INDUSTRIES AND VENTURES LIMITEDMerger/Acquisitionneutralmateriality 3/10

20-02-2026

Onesource Industries And Ventures Ltd (BSE: 530805) has made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, pertaining to Vibhu Maurya. This filing indicates that Vibhu Maurya has acquired or disposed of shares in the company, crossing specified shareholding thresholds as per SAST norms. No quantitative details such as share count, percentage changes, transaction value, or shareholding patterns are disclosed in the filing.

UnknownMerger/Acquisitionneutralmateriality 4/10

20-02-2026

Orient Bell Ltd (BSE: 530365) has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Mahendra K Daga. This indicates Mahendra K Daga's intention to undertake substantial acquisition of shares in the company. No quantitative details such as share count, percentage stake, valuation, or transaction structure are disclosed.

ONESOURCE INDUSTRIES AND VENTURES LIMITEDMerger/Acquisitionneutralmateriality 3/10

20-02-2026

Onesource Industries And Ventures Ltd (BSE: 530805) has disclosed receipt of a filing under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Shibhu Maurya. This indicates an intention to acquire shares or voting rights potentially crossing substantial thresholds in the technology sector company. No details on deal size, structure, valuation, shareholding changes, or timelines are provided.

Icon Facilitators LimitedMerger/Acquisitionneutralmateriality 4/10

20-02-2026

BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Dinesh Makhija for Icon Facilitators Ltd (544426). No specific details on the nature of acquisition or disposal, shareholding changes, or transaction values are provided in the filing. This is a standard regulatory compliance notice indicating potential changes in substantial shareholding.

UnknownMerger/Acquisitionneutralmateriality 4/10

20-02-2026

BLB Ltd (532290) has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE. The disclosure pertains to Brij Rattan Bagri, indicating an intention to acquire substantial shares. No details on deal structure, size, valuation, parties, or financial terms are provided in the filing.

Signet Industries LimitedMerger/Acquisitionneutralmateriality 5/10

20-02-2026

Signet Industries Ltd (BSE: 512131) has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received from Saurabh Sangla, indicating an intention to acquire shares that may cross substantial acquisition thresholds. No specific details on deal structure, share counts, percentages, valuation, or transaction terms are provided in the filing. This is an informational SAST pre-disclosure with no quantitative metrics or financial impacts disclosed.

Golechha Global Finance Ltd.Merger/Acquisitionneutralmateriality 5/10

20-02-2026

Golechha Global Finance Ltd. (BSE: 531360) has filed a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received from Divya Garg, indicating a proposed substantial acquisition of shares or voting rights. No details on deal structure, valuation, share count, percentage thresholds, or transaction terms are provided in the filing. This is an early-stage prior intimation with no quantitative or strategic information disclosed.

UnknownMerger/Acquisitionneutralmateriality 4/10

20-02-2026

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for JK Cement Ltd (scrip: 532644) pertaining to Kalpana Singhania on February 20, 2026. The filing confirms receipt of the required SAST disclosure but provides no additional details on the transaction. No quantitative metrics, deal terms, or shareholding changes are mentioned.

Race Eco Chain LimitedMerger/Acquisitionneutralmateriality 7/10

20-02-2026

Race Eco Chain Ltd (BSE: 537785) announced under SEBI LODR Regulation 30 on February 20, 2026, its agreement to acquire 51% stake in Race Grassland Pvt Ltd (referred to as Proposed Company). No financial terms, valuation, consideration type, strategic rationale, or timeline details beyond the announcement were disclosed in the filing. This is a material event disclosure with no quantitative metrics provided for assessment.

UnknownMerger/Acquisitionneutralmateriality 3/10

20-02-2026

La Opala RG Ltd (526947) has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Genesis Exports Pvt Ltd and PACs, indicating an intention to acquire shares or change stake crossing specified thresholds. No details on deal structure, stake size, valuation, consideration type, or financial impact are disclosed in the filing. This is an early-stage SAST compliance disclosure with no quantitative metrics provided.

Cohance Lifesciences LimitedMerger/Acquisitionneutralmateriality 6/10

20-02-2026

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Jasti Property & Equity Holdings Pvt Ltd & Others, pertaining to Cohance Lifesciences Ltd (BSE: 543064). This filing signals an intention to acquire shares that may cross specified thresholds under SAST regulations. No details on deal structure, valuation, shareholding changes, or financial metrics are disclosed in the filing.

Cohance Lifesciences LimitedMerger/Acquisitionneutralmateriality 6/10

20-02-2026

Cohance Lifesciences Ltd (BSE:543064) has disclosed receipt of notice under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Jasub Property Holdings LLP & PACs. This indicates an intention by the acquirer to make substantial acquisitions of shares in the company. No details on deal size, stake percentage, valuation, structure, or financial terms were provided.

GB Logistics Commerce LimitedMerger/Acquisitionneutralmateriality 3/10

20-02-2026

GB Logistics Commerce Ltd (544348) has disclosed receipt by BSE of a filing under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Rajasthan Global Securities Pvt Ltd & PAC. This indicates an intention to acquire shares in the company that may cross substantial acquisition thresholds. No details on deal size, structure, valuation, shareholding changes, or financial impact are provided in the filing.

Vishnu Prakash R Punglia LimitedMerger/Acquisitionneutralmateriality 2/10

20-02-2026

BSE received a disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Anil Punglia for Vishnu Prakash R Punglia Ltd (scrip: 543974) on February 20, 2026. No quantitative details such as shareholding percentages, changes in stake, transaction values, or deal structures are explicitly stated in the filing. This appears to be a routine compliance disclosure for potential substantial shareholding activity.

  • ยทScrip code: 543974
A B Infrabuild LimitedMerger/Acquisitionneutralmateriality 4/10

20-02-2026

A B Infrabuild Ltd (544281) has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Rasiklal P Sanghavi HUF and PACs. This filing signals an intention to acquire shares that may trigger substantial acquisition thresholds, but no specific details on stake size, transaction value, or terms are provided. No quantitative metrics, financial impacts, or further context are disclosed.

UnknownMerger/Acquisitionneutralmateriality 2/10

20-02-2026

LT Foods Ltd (BSE: 532783) announced under Regulation 30 (LODR) an update on Acquisition, specifically the incorporation of a wholly owned subsidiary company in Dubai, UAE. No financial details, deal structure, valuation, timelines, or other quantitative metrics were disclosed. This appears to be an informational update signaling potential international expansion.

UnknownMerger/Acquisitionneutralmateriality 4/10

20-02-2026

Pine Labs Ltd (BSE: 544606) announced an acquisition under SEBI LODR Regulation 30 on February 20, 2026. No specific details on deal structure, parties involved beyond the acquirer, valuation, or terms were disclosed in the provided filing summary. Investors await the enclosed file for further information.

UnknownMerger/Acquisitionneutralmateriality 4/10

20-02-2026

T T Ltd-$ (BSE: 514142) announced an Acquisition under Regulation 30 (LODR). The filing also includes Disclosure under Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015. No details on deal structure, parties, valuation, strategic rationale, or financial terms were disclosed.

UnknownMerger/Acquisitionneutralmateriality 5/10

20-02-2026

Chambal Fertilisers & Chemicals Ltd (500085) has disclosed receipt of a filing under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from CM Airtime Promotion LLP. This indicates an intention to acquire shares that may trigger substantial acquisition thresholds under SAST. No further details on deal structure, valuation, shareholding changes, or financial metrics are provided in the filing.

UnknownMerger/Acquisitionneutralmateriality 3/10

20-02-2026

La Opala RG Ltd disclosed information under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, submitted by promoter M/s Genesis Exports Private Limited for and on behalf of other Promoters & Promoter Group/PACs. No specific details on acquisition intentions, share counts, percentages, deal structure, valuation, or financial terms are provided in the filing summary. This is a mandatory regulatory disclosure indicating potential promoter activity in share acquisitions.

UnknownMerger/Acquisitionneutralmateriality 5/10

20-02-2026

T T Ltd-$ (BSE: 514142) announced updates on an acquisition under Regulation 30 (LODR). The filing also includes a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. No specific details on parties, deal structure, valuation, financial terms, or impacts are disclosed.

UnknownMerger/Acquisitionneutralmateriality 3/10

20-02-2026

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from T T Ltd-$ (scrip code 514142) pertaining to T T Brands Ltd in the technology sector. This filing signals a substantial acquisition or disposal of shares crossing regulatory thresholds (typically 5% or 2% change thereafter), but no details on parties, volumes, or values were provided. No positive or negative financial metrics, deal structures, or impacts were disclosed.

Madhusudan Securities LtdMerger/Acquisitionneutralmateriality 5/10

20-02-2026

Madhusudan Securities Ltd (BSE: 511000) has made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, regarding Sausan Mohammedali Bukhari & PACs. This is a mandatory prior intimation for acquisitions or disposals that may cross substantial shareholding thresholds (e.g., 5% or 2% change). No quantitative details such as share count, percentage stake, transaction value, or financial impact are disclosed.

UnknownMerger/Acquisitionneutralmateriality 3/10

20-02-2026

La Opala RG Ltd (BSE: 526947) has made a disclosure under Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015, enclosing Form C submitted by promoter M/s Genesis Exports Private Limited for acquisition of shares. No quantitative details such as transaction value, number of shares, price, dates, or changes in shareholding patterns are disclosed in the filing summary. This represents routine compliance with SEBI PIT requirements for promoter trading activity.

Paras Defence and Space Technologies LimitedMerger/Acquisitionneutralmateriality 2/10

20-02-2026

Paras Defence and Space Technologies Limited announced under Regulation 30 (LODR) the incorporation of a new subsidiary, Paras Avionics Private Limited, on February 20, 2026. The announcement is categorized as an 'Acquisition' but describes only the incorporation of a new entity with no further details on transaction structure, value, or strategic rationale provided. No financial metrics, shareholding changes, or other quantitative data disclosed.

UnknownMerger/Acquisitionneutralmateriality 3/10

20-02-2026

Cipla Ltd (BSE: 500087) has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Life Insurance Corporation of India. No quantitative details such as share count, percentage change in holding, transaction value, or price are disclosed in the filing. This is an informational SAST disclosure indicating LIC's intention to acquire or change its stake in Cipla, triggering regulatory reporting.

UnknownMerger/Acquisitionneutralmateriality 6/10

20-02-2026

Kwality Walls (India) Ltd (BSE: 544622) has disclosed under Regulation 10(6) of SEBI (SAST) Regulations, 2011 that a disclosure has been received for Unilever Plc, indicating a substantial acquisition of shares or takeover-related activity. No quantitative details such as share counts, percentages, deal value, or shareholding patterns are provided in the filing. This is purely an informational regulatory disclosure with no financial or strategic details disclosed.

HCL Technologies LimitedMerger/Acquisitionneutralmateriality 4/10

20-02-2026

HCLSoftware has completed the acquisition of Wobby, an AI Data Analyst Agents startup, as per the BSE update filed by HCL Technologies Ltd on February 20, 2026. No financial details, deal value, strategic rationale, or impact metrics were disclosed in the filing. This is purely an informational update on the transaction completion.

UnknownMerger/Acquisitionneutralmateriality 3/10

20-02-2026

India Finsec Ltd (BSE: 535667) has made disclosures under Regulations 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on February 20, 2026, pertaining to Ganga Devi Bansal. The filing confirms compliance with SAST shareholding disclosure requirements but provides no specific details on shareholding changes, acquisition volumes, percentages, or transaction values. No financial metrics, deal structures, or other quantitative data are mentioned.

UnknownMerger/Acquisitionneutralmateriality 3/10

20-02-2026

Tata Capital Ltd (544574) announced an acquisition under Regulation 30 of SEBI (LODR) on February 20, 2026, via BSE, with no further details provided on the target, structure, or financial terms. The announcement is purely informational, and no quantitative metrics, positive or negative changes, or performance indicators were disclosed. Sector noted as technology, though no specific implications detailed.

Saregama India LimitedMerger/Acquisitionneutralmateriality 2/10

20-02-2026

Saregama India Ltd announced under Regulation 30 (LODR) the incorporation of a wholly owned subsidiary named 'Saregama Performing Arts and Music Festivals L.L.C S.O.C' in Dubai Mainland. This is described as an update on acquisition activities. No financial details, deal size, strategic rationale, or other quantitative metrics were disclosed.

Suraj Estate Developers LimitedMerger/Acquisitionneutralmateriality 3/10

20-02-2026

Suraj Estate Developers Limited (BSE: 544054) announced an acquisition under Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing confirms the company has entered into an agreement, but no details on target, deal structure, valuation, or financial terms are disclosed in the provided excerpt. No quantitative metrics, positive or negative performance indicators, or further strategic context are mentioned.

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