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India Merger Acquisition MCA Regulatory Filings — May 06, 2026

India MCA Merger & Acquisition Tracker

1 high priority26 medium priority27 total filings analysed

Executive Summary

Across 27 MCA Merger & Acquisition Tracker filings dated May 6, 2026, dominant themes include promoter stake build-ups via SAST disclosures (9/27 filings), subsidiary investments and incorporations for expansion (Dabur, Jio, Meesho, Arvind, EFC), and scheme approvals/amalgamations (Privi, Entero, Gujjubhai) signaling group restructuring. Key period trends show robust growth in select cases: Apcotex revenue +3.6% YoY to ₹1,441 Cr, PAT +87.6% to ₹101 Cr; Meesho sub MPPL turnover +369% YoY to ₹11 Cr but net loss ₹25 Cr; Dalco-GFT (Arvind target) 10% revenue CAGR past 6 years, 17% EBITDA margins; contrasted by Cymotive (KPIT target) turnover -55% from USD 42.4M CY23 to 19.2M CY25. US expansions prominent (Arvind Dalco-GFT $136M EV, Sunita Tools USD 419k, Dabur Trustline), with accretive deals and margin improvements. Critical developments: Harig Crankshafts withdrew amalgamation (negative), Swarnsarita open offer completed at 60.2% stake (mixed uptake). Portfolio-level: Chemicals/FMCG show consolidation, promoters bullish in mobility/textiles, but many neutral SAST lack details flag uncertainty; actionable now on accretive US buys amid India Inc global push.

Tracking the trend? Catch up on the prior India Merger Acquisition MCA Regulatory Filings digest from April 29, 2026.

Investment Signals(11)

  • Promoter Aanjan Jitesh Patodia acquired 5,40,696 shares (15.851%), boosting holding from 1.267% to 17.118%, signaling high conviction

  • Acquired 61% stake at $136M EV (7.75x CY25 EBITDA), target's $100M revenue (10% 6-yr CAGR), 17% EBITDA margins (+100bps), 40% ROCE, EPS accretive Yr1

  • FY26 revenue +3.6% YoY to ₹1,441 Cr, PAT +87.6% to ₹101 Cr (Q4 PAT +100% YoY), net cash ops +140% YoY to ₹203 Cr, final div Rs5.50/sh

  • WOS Sunita Defence Inc acquired 51% New Mold Innovations LLC (US) for USD 419k (~₹4 Cr), expands aero/defence portfolio, established US customers

  • Subscribed ₹300 Cr equity in WOS JFPSL (total ₹335 Cr), arm's length RPT for ops funding, no promoter interest

  • MCA approved fast-track amalgamation of 2 WOS into Rada Medisolutions (Appointed Date Apr15'25), drives efficiencies/scales, no share issuance

  • Acquirers completed open offer, acquired 8.17% (17L shares @₹32.15), stake to 60.20% (vs planned 75%), public hold >39.8%

  • Sub turnover +369% YoY to ₹11 Cr FY26, Meesho investing up to ₹100 Cr by Jul30'26 via rights issue for LSP growth

  • Initial USD10M pref cap in Cymotive (to 26% equity, 100% by mid-2029), bolsters auto cybersecurity despite target's -55% turnover decline [MIXED/BULLISH STRATEGIC]

  • Borrowings reduced, exceptional profit ₹5.75 Cr on office sale offsets impairments, director tenure extended

  • Promoter trust acquired 52-69% in group cos (PCPL, PFPL, EVCPL) w/o consideration via SEBI exemption, no change in Paisalo holding (20.53% group) [NEUTRAL/BULLISH PROMOTER]

Risk Flags(8)

  • Harig Crankshafts (x2)[HIGH RISK]

    Board withdrew in-principle amalgamation approval for Ayushman Infratech (initial Mar13'26), signals deal failure/strategic shift

  • Sub net loss ₹24.7 Cr FY26 despite +369% turnover YoY, parent investing ₹100 Cr amid losses

  • FY26 impairments ₹3.73 Cr on turbine assets, deprn +₹0.97 Cr, total assets -ve dip to ₹986 Cr despite PAT surge

  • KPIT Technologies (Cymotive)[HIGH RISK]

    Target turnover -55% YoY CY25 (USD19.2M vs 42.4M CY23), total acq cost USD60-120M, merger controls Germany/Austria

  • Open offer undersubscribed (8.17% vs planned 22.97%, ₹54.8 Cr vs ₹154 Cr), public hold remains 39.8%

  • Scheme of amalgamation (w/ PFSPL/PBPL) pending BSE/NSE full approvals post NOCLs May5-6'26, board app Dec'25

  • Multiple SAST (Blue Chip Tex, Ajanta Soya, Parsvnath, B.P. Capital x2, Jupiter, Gemstone, Thakral)[LOW-MEDIUM RISK]

    9/27 neutral disclosures w/ no share counts/values/thresholds, uncertainty on acq/disposal direction

  • Arvind (Dalco-GFT)[LOW RISK]

    Remaining 39% stake acquisition in 4 yrs, debt-financed w/ deleveraging plan in $2.5B US TAM

Opportunities(10)

  • EPS/margin accretive Yr1, 88% sole-source customers, entry auto/construction/furniture, $136M at 7.75x vs peers

  • Sunita Tools (New Mold Acq)(OPPORTUNITY)

    US mfg expansion aero/automation, USD419k cash, 51% control, 90-day completion post-DD

  • MKP Mobility (Promoter Buy)(OPPORTUNITY)

    15.9% acq via inter-se transfer, holding to 17.1%, conviction in mobility sector

  • PAT +88% YoY on cost efficiencies, cash ops +140%, div yield boost Rs5.50/sh, solar shift to Amplus Ampere

  • Entero Healthcare (Merger)(OPPORTUNITY)

    Fast-track WOS amalgamation Apr'25 effective, overhead cuts/group simplify, no dilution

  • Jio Financial (JFPSL Invest)(OPPORTUNITY)

    ₹335 Cr total for finance ops, listed JFSL undervalued post-demerger

  • Privi Speciality (Amalgamation)(OPPORTUNITY)

    BSE/NSE NOCLs May'26, chemicals consolidation efficiencies, website docs

  • Dabur India (Trustline Inc)(OPPORTUNITY)

    New US WOS for FMCG sales/dist, USD10k seed, complete May31'26

  • Gujjubhai (Sumuka Agro)(OPPORTUNITY)

    BSE listing approval 1.38 Cr shares post-amalgamation, scrip 532070

  • KPIT (Cymotive)(OPPORTUNITY)

    Cybersecurity bolt-on for SDV, USD10M initial to 100% by 2029 despite rev decline

Sector Themes(6)

  • US Expansion Frenzy

    5/27 filings (Arvind Dalco-GFT $136M/7.75x, Sunita USD419k, Dabur USD10k, Arvind TopCo, EFC? no) target US mfg/FMCG/real estate, accretive metrics (Dalco 40% ROCE), implies India Inc globalization alpha vs rupee hedge [IMPLICATION: BUY US-exposed industrials/textiles]

  • Promoter Stake Builds (Mobility/Textiles/Capital)

    9 SAST + MKP (17% hold), Swarnsarita (60%), Paisalo group shuffle signal conviction; avg materiality 3-8/10, low disclosure risks [IMPLICATION: Monitor for takeover plays in smallcaps]

  • Chemicals Consolidation

    Privi (2x NOCLs amalgamation), Apcotex PAT +88% YoY/cost savings, Entero pharma merger efficiencies; 3/27 filings [IMPLICATION: Margin expansion theme, avg PAT outperformance]

  • Sub Investments w/ Growth Pains

    Meesho MPPL +369% YoY turnover/₹100Cr infuse, Jio ₹300Cr JFPSL, KPIT Cymotive cyber; mixed losses/declines [IMPLICATION: Fintech/Tech subs high-growth bets]

  • Withdrawal/Undersub Risks

    Harig 2x withdrawal (neg 8/10), Swarnsarita offer undersub (8% vs 23%), highlights execution gaps [IMPLICATION: Avoid paused deals]

  • Neutral SAST Overload

    12/27 low-materiality (2-3/10) w/ zero details (Bluechip, Ajanta, Parsvnath etc), cluster in smallcaps [IMPLICATION: High uncertainty, wait for Reg30 details]

Watch List(8)

  • Await BSE full NOCL post May6, NSE May5; NCLT approval next, scheme docs on website [By Jun'26]

  • Up to ₹100 Cr rights issue completion by Jul30'26, track LSP growth post +369% YoY [Jul30'26]

  • Remaining 39% buy in 4 yrs, debt deleveraging plan, Q1 integration update [Earnings call post-May'26]

  • Merger controls Germany/Austria, full USD60-120M by mid-2029, rev decline monitor [Mid-2029]

  • Post-amalgamation scrap, new M&A or strategy in board meets [Next board post-May6'26]

  • Post-completion Apr29'26, integration of 8.17% acq, promoter plans at 60% [AGM 2026]

  • Solar shift Amplus Ampere, director extension >75yrs, FY27 guidance [Earnings call May-Jun'26]

  • Multiple SAST (B.P. Capital, Jupiter, Gemstone)
    👁

    Reg29 details on thresholds/shares post-May6 disclosures, trustee/beneficial owners [By May13'26]

Filing Analyses(27)
Blue Chip Tex Industries Ltd.Merger/Acquisitionneutralmateriality 3/10

06-05-2026

BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, for Counter Cyclical Investment Pvt Ltd pertaining to Bluechip Tex Industries Ltd (BSE: 506981). This filing signals an intention by the entity to acquire shares that may cross regulatory shareholding thresholds. No details on share count, percentage changes, deal value, or other transaction specifics are provided in the disclosure.

Ajanta Soya LimitedMerger/Acquisitionneutralmateriality 3/10

06-05-2026

Ajanta Soya Ltd (BSE: 519216) has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Harshit Finvest Pvt Ltd. This filing indicates a substantial acquisition or disposal of shares crossing regulatory thresholds, but no specific details on shareholding changes, transaction values, or percentages were disclosed. No positive or negative financial metrics, deal structures, or impacts were mentioned in the filing.

Meesho LtdMerger/Acquisitionmixedmateriality 8/10

06-05-2026

Meesho Limited's Board approved the audited standalone and consolidated financial results for the quarter and FY ended March 31, 2026, reflecting a consolidated net loss for the Group. The Board also approved further investment up to ₹100 Crores in subsidiary Meesho Payments Private Limited (MPPL) via rights issue/further issue of capital to support its growth as a Lending Service Provider. MPPL's turnover grew significantly to ₹1,104.65 Lakhs in FY 2025-26 from ₹235.61 Lakhs in FY 2024-25 (369% YoY increase), but it reported a net loss of ₹2,471.67 Lakhs.

  • ·MPPL incorporated on April 25, 2019
  • ·Investment in MPPL to be completed on or before July 30, 2026
  • ·Meesho Limited holds 99.99% equity share capital in MPPL
  • ·Board meeting held on May 06, 2026, from 1:00 p.m. to 4:45 p.m. IST
  • ·Auditors’ Reports issued by M/s S.R. Batliboi & Associates, LLP with unmodified opinion
  • ·PT Fashnear Technology Indonesia liquidated w.e.f. October 06, 2025; Meesho Networks LLC incorporated April 21, 2025; Valma Transportation Private Limited incorporated January 28, 2026
Dabur India LimitedMerger/Acquisitionneutralmateriality 4/10

06-05-2026

Dabur India Limited's step-down wholly owned subsidiary, Dabur International Limited, has decided to incorporate a new step-down wholly owned subsidiary named 'Trustline Brands Inc.' (or similar) in Delaware, USA, to undertake FMCG sales and distribution business aligned with Dabur's main line of business. The incorporation involves subscription to share capital of USD 10,000 (1,000 shares of USD 10 each) at par value for 100% ownership. The event occurred on May 6, 2026, with tentative completion by May 31, 2026, subject to US laws.

  • ·New entity location: Delaware, USA
  • ·Industry: FMCG Sales & Distribution
  • ·Regulatory approvals: As per applicable US laws
  • ·Related party: Dabur International Limited (wholly owned subsidiary)
  • ·Disclosure under Regulation 30 of SEBI LODR and SEBI Master Circular
MKP Mobility LimitedMerger/Acquisitionpositivemateriality 8/10

06-05-2026

Promoter Aanjan Jitesh Patodia of MKP Mobility Limited acquired 5,40,696 equity shares (15.851% of total equity), increasing his voting rights holding from 43,217 shares (1.267%) to 5,83,913 shares (17.118%) as of May 4, 2026. This substantial acquisition crosses the 5% threshold, triggering disclosure under SEBI Regulation 29(1). Total equity share capital remains unchanged at 34,11,030 shares of Rs. 10 each, aggregating to Rs. 3,41,10,300.

  • ·Disclosure filed on May 06, 2026 to BSE Limited (Scrip Code: 521244).
  • ·Mode of acquisition: Likely inter-se transfer (from immediate relative Mr. Jitesh Mahendrakumar Patodia).
  • ·No dilution in total share/voting capital post-acquisition.
Apcotex Industries LimitedMerger/Acquisitionmixedmateriality 9/10

06-05-2026

Apcotex Industries approved audited FY26 financials showing revenue up 3.6% YoY to ₹1,44,149.88 L and PAT surging 87.6% to ₹10,141.13 L driven by cost efficiencies, with Q4 revenue growing 13.8% YoY to ₹39,758.38 L and PAT more than doubling to ₹3,474.06 L. The board recommended a final dividend of Rs.5.50 per share and approved continuation of Mr. Atul Choksey's directorship beyond 75 years. However, total assets dipped slightly to ₹98,648.73 L, borrowings reduced but impairments of ₹373 L on turbine assets and additional depreciation of ₹97 L were recorded.

  • ·Change in solar project entity from Amplus Ceres Solar Private Limited to Amplus Ampere Private Limited due to power unavailability.
  • ·Exceptional items net income of ₹96.54 L for FY26, including ₹575.00 L profit on sale of office premise offset by ₹78.46 L employee benefit expenses.
  • ·Net cash from operating activities ₹20,343.83 L in FY26 (up from ₹8,472.03 L in FY25).
  • ·EPS Basic & Diluted FY26: ₹19.56 (FY25: ₹10.43).
  • ·Non-current borrowings reduced to ₹3,165.24 L from ₹6,235.82 L.
Parsvnath Developers LimitedMerger/Acquisitionneutralmateriality 2/10

06-05-2026

BSE received a disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011 from Edelweiss Asset Reconstruction Company Ltd regarding Parsvnath Developers Ltd (532780). No specific details on the acquisition or disposal of shares, such as share count, percentage change, transaction value, or parties' prior/post holdings, are mentioned in the filing. This is purely an informational SAST compliance disclosure with no quantitative or structural deal information provided.

Privi Speciality Chemicals LimitedMerger/Acquisitionneutralmateriality 8/10

06-05-2026

Privi Speciality Chemicals Limited (PSCL) has received a 'no objection' observation letter from BSE Limited dated May 06, 2026, for the proposed scheme of amalgamation with transferor companies Privi Fine Sciences Private Limited (PFSPL) and Privi Biotechnologies Private Limited (PBPL) under sections 230-232 of the Companies Act, 2013. This follows NSE's observation letter and an initial board approval intimated on December 19, 2025. The scheme remains subject to further applicable regulatory and statutory approvals.

  • ·Observation letter hosted on company website: https://privi.com/investor-relations/scheme-of-a-maleamation-2025
  • ·Scrip Code: 530117; Symbol: PRIVISCL
B. P. Capital LtdMerger/Acquisitionneutralmateriality 3/10

06-05-2026

B. P. Capital Ltd (BSE: 536965) has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Vishal Jai Kumar Garg. No details on the nature of the encumbrance (creation, release, or invocation), share counts, percentages, or financial impact are disclosed in the filing.

Coforge LimitedMerger/Acquisitionneutralmateriality 1/10

06-05-2026

Motilal Oswal Mutual Fund's schemes (acting in concert) reported disposal of 55 shares (0.0001%) of Coforge Ltd on April 30, 2026, under SEBI Regulation 29(2) of Substantial Acquisition of Shares and Takeovers Regulations, 2011. Their holding changed from 2,58,13,477 shares (6.0080%) before the transaction to 2,58,13,532 shares (6.0080%) after, representing a negligible adjustment with no material impact on stake. The total equity share capital of Coforge Ltd remains 42,96,47,126 shares (face value Rs. 2 each).

  • ·Disclosure filed with BSE on May 05, 2026.
  • ·Mode of disposal: Market Transactions.
  • ·Acquirer not part of Promoter/Promoter group.
SWARNSARITA JEWELS INDIA LIMITEDMerger/Acquisitionmixedmateriality 8/10

06-05-2026

Acquirers Mr. Mahendra Madanlal Chordia, Mrs. Asha M Chordia, Mr. Sunny Mahendra Chordia, and PAC Swarnsarita Jewellers Private Limited completed the open offer for Swarnsarita Jewels India Limited, acquiring 17,05,843 equity shares (8.17% of voting share capital) at ₹32.15 per share, increasing their combined stake from 52.03% to 60.20%. This fell short of the planned acquisition of up to 47,94,987 shares (22.97%), resulting in an actual offer size of ₹5,48,42,852.45 versus the planned ₹15,41,58,832.05. Public shareholding decreased from 47.97% to 39.80%, but remains above the planned post-offer 25.00%.

  • ·Offer opened on April 06, 2026 and closed on April 20, 2026.
  • ·Date of Completion of Payment of Consideration: April 29, 2026.
  • ·Detailed Public Statement made on January 28, 2026.
  • ·Letter of Offer dated March 18, 2026.
  • ·Face value of equity shares: ₹10 each.
  • ·No shares acquired by way of Share Purchase Agreement or after Detailed Public Statement.
Arvind LimitedMerger/Acquisitionneutralmateriality 4/10

06-05-2026

Arvind Advanced Materials Limited (AAML), a wholly owned subsidiary of Arvind Limited, executed an agreement on May 05, 2026, to subscribe to 100% paid-up equity shares of Arvind Advanced Materials US TopCo Inc. at fair value via cash consideration. This internal group structuring involves TopCo holding 100% of HoldCo, which in turn holds 100% of BidCo LLC, all in the Technical Textiles industry and newly incorporated in the USA on March 10, 2026, with nil turnover. No regulatory approvals or related party interests are applicable.

  • ·All entities incorporated in USA on March 10, 2026
  • ·History of last three years turnover: Not Applicable (NIL turnover currently)
  • ·No governmental or regulatory approvals required
  • ·Indicative time period for completion: Not Applicable
  • ·Acquisition outside main line of business: No (Technical Textiles)
EFC (I) LimitedMerger/Acquisitionneutralmateriality 4/10

06-05-2026

EFC (I) Limited incorporated a wholly-owned subsidiary, EFC Estate Wakadewadi 1 Private Limited, on May 6, 2026, in India, to hold real estate property in Godrej Eternia, Pune, via demerger from its material wholly-owned subsidiary EFC Limited. The subsidiary has a paid-up capital of ₹1,000, consisting of 100 equity shares of ₹10 each, fully subscribed by EFC (I) Limited for cash consideration. No regulatory approvals were required for the incorporation.

  • ·Property details: 1st floor, B Wing, Godrej Eternia commercial complex on Final Plot No. 64/A1, 64/B1, 64/B2, village Bhamburda – Shivaji Nagar, Taluka Pune City, District Pune, within Pune Municipal Corporation limits
  • ·CIN of EFC (I) Limited: L74110PN1984PLC216407
  • ·Industry of new subsidiary: Real estate as a service
Arvind LimitedMerger/Acquisitionpositivemateriality 9/10

06-05-2026

Arvind Advanced Materials Limited (AAML), a wholly owned subsidiary of Arvind Limited, has acquired ~61% controlling stake in US-based Dalco-GFT, a manufacturer of needle-punched non-woven specialty fabrics, for an enterprise value of $136 Mn at 7.75x CY25 EBITDA. Dalco-GFT reported ~$100 Mn top-line revenue, ~17% EBITDA margin, ~40% ROCE, and 95% cash conversion in CY25, with a 10% revenue CAGR over the past six years and margin improvement of 100 bps; the deal is margin and EPS accretive from year one. The acquisition provides access to a $2.5 Bn US TAM, adds 75+ customers with 88% sole-source positions, expands into automotive, construction, furniture sectors, and is financed through debt with a deleveraging plan.

  • ·AAML operates three verticals: Human Protection, Composites, and Industrial Applications.
  • ·Dalco-GFT established in 1988 with facilities in North and South Carolina.
  • ·Existing Dalco-GFT shareholders retain ~39% stake; AAML plans to acquire remaining in 4 years.
  • ·Transaction financed through debt at Dalco-GFT and AAML levels, with deleveraging planned.
  • ·Investor call dial-in details enclosed with filing.
Jio Financial Services LimitedCompany Updatepositivemateriality 7/10

06-05-2026

Jio Financial Services Limited subscribed to and was allotted 30,00,00,000 equity shares of Rs. 10/- each in its wholly owned subsidiary Jio Finance Platform and Service Limited (JFPSL) for Rs. 300 crore at par. This brings the aggregate investment by the company in JFPSL to Rs. 335 crore, to be utilized for funding its business operations. The transaction is a related party transaction on an arm's length basis, with no interest from promoters or group companies and no regulatory approvals required.

  • ·Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015
  • ·Investment made at 2.36 p.m. on May 6, 2026
  • ·Further to disclosure dated August 15, 2024
  • ·Scrip Code: 543940, Trading Symbol: JIOFIN
Entero Healthcare Solutions LimitedMerger/Acquisitionpositivemateriality 8/10

06-05-2026

Entero Healthcare Solutions Limited disclosed the approval of the Scheme of Amalgamation by the Regional Director, Southern Region, Ministry of Corporate Affairs, Chennai, on April 17, 2026 (received May 5, 2026), merging wholly-owned subsidiaries Chethana Pharma Distributors Private Limited (Transferor Company-1) and CPD Pharma Private Limited (Transferor Company-2) with Rada Medisolutions Private Limited (Transferee Company) via fast-track route under Section 233 of the Companies Act, 2013, effective from the Appointed Date of April 15, 2025. The merger aims to achieve operational efficiencies, economies of scale, reduced overheads and compliance costs, and simplification of group structure without issuance of new shares. No negative impacts or performance declines were mentioned in the filing.

  • ·Confirmation order issued on April 17, 2026; scheme approved by members and creditors under Section 233(1)(b) and (d).
  • ·All Transferor Companies are wholly-owned subsidiaries of the Transferee Company as of Appointed Date (April 15, 2025).
  • ·No changes in capital structure of any company subsequent to board approval of the scheme.
Sumuka Agro Industries LimitedMerger/Acquisitionneutralmateriality 7/10

06-05-2026

Gujjubhai Industries Limited (formerly Sumuka Agro Industries Limited) received listing approval from BSE Limited for 1,38,13,666 equity shares of Rs. 10/- each allotted to shareholders of Gujjubhai Food Private Limited pursuant to their scheme of amalgamation. This intimation is made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The listing approvals from BSE are enclosed with the filing.

  • ·BSE Scrip Code: 532070
  • ·Filing Date: May 06, 2026
  • ·DIN: 07836396
  • ·Registered Office: Shanti Bihar Building No. C 5, Shop no. 6, Mira Road E Thane: 401105, Maharashtra
B. P. Capital LtdMerger/Acquisitionneutralmateriality 3/10

06-05-2026

B. P. Capital Ltd (BSE: 536965) has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Kalyani Barter Pvt Ltd. This filing indicates that Kalyani Barter Pvt Ltd's shareholding or voting rights in B. P. Capital Ltd crossed a 2% threshold through acquisition or disposal, but no details on direction, size, or valuation are provided. No quantitative metrics, financial impacts, or strategic rationale are disclosed in the filing.

Jupiter Life Line Hospitals LimitedMerger/Acquisitionneutralmateriality 3/10

06-05-2026

BSE received a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Catalyst Trusteeship Ltd pertaining to Jupiter Life Line Hospitals Ltd (scrip code 543980). No quantitative details such as stake percentage, share count, transaction value, or parties beyond the discloser are provided in the filing. This is an informational SAST prior intimation with no financial metrics or performance data disclosed.

Gemstone Investments Ltd.Merger/Acquisitionneutralmateriality 3/10

06-05-2026

Gemstone Investments Ltd. (BSE:531137), a technology sector company, has made a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on May 06, 2026, pertaining to Manisha Mukesh Gala. This filing indicates prior intimation of a proposed substantial acquisition of shares by Manisha Mukesh Gala, but no details on stake size, valuation, structure, or impact are provided. No positive or negative metrics are mentioned in the filing.

Privi Speciality Chemicals LimitedMerger/Acquisitionneutralmateriality 8/10

06-05-2026

Privi Speciality Chemicals Limited (PSCL) has received a 'no objection' observation letter from the National Stock Exchange of India Limited dated May 05, 2026, for the proposed scheme of amalgamation involving PSCL (transferee company), Privi Fine Sciences Private Limited (PFSPL), and Privi Biotechnologies Private Limited (PBPL) under Sections 230-232 of the Companies Act, 2013. The observation letter from BSE Limited is awaited, and the scheme remains subject to applicable regulatory and other approvals. This follows an earlier board approval intimation dated December 19, 2025.

  • ·Observation letter hosted on the Company's website.
  • ·Scrip Code: 530117; Symbol: PRIVISCI
Thakral Services (India) LimitedMerger/Acquisitionneutralmateriality 3/10

06-05-2026

Thakral Services (India) Limited (BSE: 509015) has filed disclosures under Regulation 10(5) of SEBI (SAST) Regulations, 2011, in respect of an acquisition under Regulation 10(1)(a), indicating a substantial acquisition of shares or voting rights crossing specified thresholds. No details on parties involved, deal size, shareholding changes, or financial terms are disclosed in the filing. This is a standard compliance disclosure with no quantitative metrics provided.

KPIT Technologies LimitedMerger/Acquisitionmixedmateriality 8/10

06-05-2026

KPIT Technologies' Board approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, along with a final dividend recommendation of Rs. 5.25 per equity share (52.5%). The Board also approved an initial USD 10 million investment in preference capital of Cymotive Technologies LTD, an Israeli automotive cybersecurity firm, converting to 26% equity and eventually 100% ownership by mid-2029 at a total expected cost of USD 60-120 million; however, Cymotive's turnover has declined sharply from USD 42.4 million in CY2023 to USD 19.2 million in CY2025. This acquisition strengthens KPIT's cybersecurity capabilities aligned with its SDV and embedded systems strategy.

  • ·Cymotive incorporated on July 16, 2016; headquartered in Tel Aviv, Israel.
  • ·Merger control filings required in Germany and Austria.
  • ·Acquisition not a related party transaction; 100% cash consideration; arm's length.
  • ·Initial investment closure expected mid-June 2026; equity conversion within 8 quarters; full 100% acquisition by mid-2029.
  • ·Statutory auditors issued unmodified opinions on financial statements.
Harig Crankshafts LtdMerger/Acquisitionnegativemateriality 8/10

06-05-2026

The Board of Directors of Harig Crankshafts Limited, at its meeting on May 6, 2026, withdrew the in-principal approval for the proposed amalgamation of Ayushman Infratech Limited with Harig Crankshafts Limited. This decision follows the initial consideration in a board meeting on March 13, 2026. The disclosure complies with Regulation 30 of SEBI (LODR) Regulations, 2015.

  • ·Board meeting commenced at 1:00 P.M. and concluded at 2:00 P.M. on May 6, 2026
  • ·Previous board meeting on March 13, 2026, where the amalgamation was initially considered
Harig Crankshafts LtdMerger/Acquisitionnegativemateriality 8/10

06-05-2026

Harig Crankshafts Limited's Board of Directors, at its meeting on May 6, 2026, withdrew the in-principal approval for the proposed amalgamation of Ayushman Infratech Limited with the company. This decision reverses the initial approval granted in the board meeting held on March 13, 2026. The disclosure complies with Regulation 30 of SEBI (LODR) Regulations, 2015.

  • ·Board meeting commenced at 1:00 P.M. and concluded at 2:00 P.M. on May 6, 2026.
  • ·Registered office: Plot No 66, Udyog Vihar, Gautam Buddha Nagar, Greater Noida, Uttar Pradesh-201306.
Paisalo Digital LimitedMerger/Acquisitionneutralmateriality 6/10

06-05-2026

Sulabhya Paramita Private Trust, a promoter group entity of Paisalo Digital Limited, acquired 11,440 shares (57.20%) of Pri Caf Private Limited (PCPL), 57,420 shares (52.20%) of Pro Fitcch Private Limited (PFPL), and 77,138 shares (69.26%) of Equilibrated Venture Cflow Private Limited (EVCPL) without consideration via off-market transfer on May 04, 2026, pursuant to SEBI exemption order dated November 07, 2025. These entities (promoter group companies) collectively hold 2,40,48,400 shares (2.64%) in PCPL, 2,23,21,220 shares (2.45%) in PFPL, and 18,67,63,880 shares (20.53%) in Paisalo Digital Limited, with no change in their shareholding in the target company post-acquisition. The acquirer's direct holding in Paisalo Digital Limited remains NIL before and after the transaction.

  • ·Acquisition mode: Off-market transaction without consideration between promoters (Sunil Agarwal, Santanu Agarwal, Sunitee Agarwal) and Sulabhya Paramita Private Trust.
  • ·SEBI exemption order: WTM/KCV/CFD/13/2025-26 dated November 07, 2025 under Sections 11(1), 11(2)(h), and 11(5) of SEBI SAST Regulations, 2011.
  • ·Filing date: May 06, 2026.
  • ·PAN of acquirer: ABITS9051N.
  • ·No change in total equity share capital or diluted voting capital of Paisalo Digital Limited.
Sunita Tools LimitedMerger/Acquisitionpositivemateriality 8/10

06-05-2026

Sunita Tools Limited's wholly owned subsidiary Sunita Defence Inc (USA) has acquired 51% controlling stake in New Mold Innovations LLC, a US-based specialty grease and mold manufacturing company, for a total cash consideration of USD 4,19,000 (approximately ₹3,98,05,000). The acquisition aims to expand manufacturing presence in the US, provide access to established customers in aerospace, automation, capital goods, and engineering sectors, and enhance the defence and aerospace product portfolio. Completion is expected within 90 days from the term sheet signing, subject to due diligence and financing.

  • ·Transaction is at arm's length with no promoter/promoter group interest in target.
  • ·No governmental or regulatory approvals required.
  • ·Target has established US customer base across Aerospace, Automation, Capital Goods, Machinery and Engineering sectors.
  • ·Selling price approximately USD 3.2 per cartridge.

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