India Sector Consolidation Regulatory Filings — May 07, 2026

07-05-2026

The Board of Krystal Integrated Services Limited approved audited consolidated and standalone financial results for the quarter and FY ended March 31, 2026, with unmodified audit opinions, and recommended a final dividend of Rs. 1.50 per equity share (15% on face value of Rs. 10) on 1,39,71,952 shares. The Board also approved re-appointments of key executives including Mrs. Neeta Prasad Lad as Chairperson and MD, Mr. Sanjay Suryakant Dighe as Whole-time Director & CEO, and several Whole-time Directors for 3-year terms from September 15, 2026, along with internal auditors and places of profit. Additionally, the Board approved acquisition of 100% equity shares of Citelum India Private Limited via Share Purchase Agreement, making it a wholly-owned subsidiary.

• ·Re-appointment of M/s. J F Jain & Co. (Firm Reg. No. 112599W) as Internal Auditors for FY 2026-27.
• ·Current terms of directors end on September 14, 2026; re-appointments effective from September 15, 2026 to September 14, 2029, subject to shareholder approval via Postal Ballot.
• ·Financial results and unmodified opinion declaration to be published in newspapers per Regulation 47.

07-05-2026

Reliance Industries Limited disclosed that its planned acquisition of 100% equity stake in Kandla GHA Transmission Limited from PFC Consulting Limited, for an aggregate consideration not exceeding Rs. 20 crore, has been cancelled. PFC annulled the existing bidding process, with the Company receiving the letter on May 6, 2026, at 3:08 p.m. (IST). This updates the prior board approval disclosure dated April 25, 2025.

• ·Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015
• ·Letter from PFC dated May 6, 2026
• ·Copy sent to Luxembourg Stock Exchange and Singapore Exchange Limited

07-05-2026

Emami Limited executed a Share Subscription and Purchase Agreement on May 7, 2026, to acquire a stake in IncNut Digital Private Limited. This follows their earlier intimation on the same date under Regulation 30 of SEBI (LODR) Regulations, 2015. Full details compliant with SEBI Master Circular dated January 30, 2026, are available on the company's website at www.emamiltd.in.

• ·Scrip Codes: EMAMILTD (NSE), 531162 (BSE)

07-05-2026

Reserve Bank of India (RBI) has granted approval to Kotak Mahindra Bank Limited to acquire up to 9.99% of the paid-up share capital or voting rights in City Union Bank Limited, via letter dated May 6, 2026. The approval is subject to compliance with Banking Regulation Act 1949, RBI Directions 2025 (dated November 28, 2025), FEMA 1999, SEBI regulations, and other applicable laws. This intimation is pursuant to Regulation 30 of SEBI Listing Regulations.

• ·RBI letter reference: CO.DOR.HGG.No.S1015/16-01-L3612026-2027
• ·RBI (Commercial Banks - Acquisition and Holding of Shares or Voting Rights) Directions, 2025 dated November 28, 2025

07-05-2026

Maral Overseas Limited's Board approved audited FY26 financial results showing total revenue from operations declining 6.3% YoY to ₹98,086.61 L amid sharp 19% drop in Garment segment to ₹19,007.33 L and 5% decline in Fabric, while Yarn was nearly flat at -1.3% (₹68,096.22 L); however, the company swung to a profit after tax of ₹326.14 L from a ₹2,419.77 L loss in FY25. Q4 FY26 revenue fell 6% YoY to ₹25,822.24 L but delivered strong PAT of ₹1,331.09 L versus a ₹22.80 L loss. The Board also approved acquisition of 26% stake in Asawata Energy Private Limited for a 15 MW solar power plant at Sarovar Plant under group captive model.

• ·EPS Basic FY26: ₹0.79 (vs ₹-5.83 FY25)
• ·Paid-up equity share capital: ₹4,150.80 L
• ·Appointment of BGJC & Associates LLP as Internal Auditor for Sarovar Division and Agarwal & Saxena, LLP for Garment Division FY27
• ·Appointment of K. G. Goyal & Co. as Cost Auditor FY27
• ·Board meeting: 7th May 2026, 1:30 PM to 4:00 PM
• ·Unmodified auditor opinion on financial results

07-05-2026

NTPC Limited signed a termination agreement on May 7, 2026, with Municipal Corporation of Delhi (MCD) and NTPC EDMC Waste Solutions Private Limited (NEWS) to end their June 11, 2019 JV and acquire MCD's 26% stake (52,000 equity shares) for ₹5,20,000, making NEWS a wholly-owned subsidiary and consolidating NTPC's Waste to Wealth business. NEWS's turnover declined 15% from ₹0.34 L in 2022-23 to ₹0.29 L in 2023-24 but surged over 340% to ₹1.28 L in 2024-25. The acquisition is a related party transaction exempt from audit committee approval and is expected to complete in Q1 FY 2026-27.

• ·NEWS incorporated on June 1, 2020, as JV between NTPC (74%) and erstwhile EDMC (26%)
• ·Original JV agreement dated June 11, 2019
• ·Approvals obtained from NTPC Board and MCD House of Corporation
• ·Acquisition is a related party transaction exempt from Audit Committee approval under Reg 23
• ·NEWS registered office in Delhi, India

07-05-2026

LKP Securities Limited was allotted 7,50,900 equity shares of Rs. 100/- each in Bond Street Capital Private Limited on May 7, 2026, for an aggregate investment of Rs. 7,50,90,000/-. This allotment increased the company's shareholding to 54.35%, resulting in Bond Street Capital Private Limited becoming a subsidiary of LKP Securities Limited. No prior financial impacts or declines are disclosed in this update.

• ·Intimation under Regulation 30 (read with Part A of Schedule III) of SEBI LODR Regulations, 2015.
• ·Continuation of earlier intimation dated April 27, 2026.

07-05-2026

Savita Oil Technologies Limited (SOTL) approved a Scheme of Amalgamation on May 7, 2026, to merge its wholly owned subsidiary Savita GreenTec Limited (SGL) into itself, effective from the Appointed Date of April 1, 2026 or as approved by NCLT. The merger aims to streamline operations, achieve cost synergies, operational efficiencies, economies of scale, and enhance shareholder value by consolidating complementary businesses. No adverse impacts or declines are noted, with benefits including reduced administrative costs and better investor appeal.

• ·SOTL CIN: L24100MH1961PLC012066; incorporated July 19, 1961.
• ·SGL CIN: U37200MH2022PLC391477; incorporated October 3, 2022.
• ·Scrip Code: 524667; Symbol: SOTL.
• ·Registered office for both: 66/67, Nariman Bhavan, Nariman Point, Mumbai - 400 021, Maharashtra.

07-05-2026

EFC (I) Limited incorporated two wholly-owned subsidiaries, EFC Estate Marisoft 3 Private Limited and EFC Estate Marisoft 4 Private Limited, on May 7, 2026, with certificates received from the Ministry of Corporate Affairs on the same date. Each subsidiary will hold specific real estate properties in Pune (3rd Floor and 4th Floor, West Tower, Marisoft-3) acquired via demerger from EFC Limited, a material wholly-owned subsidiary, with no governmental approvals required. The listed entity subscribed to 100% equity in each via cash consideration of Rs. 1,000.

• ·Properties located at West Tower, Marisoft-3, Marie Gold, S. No. 15, Near D Mart, Cybage Tower Road, Kalyani Nagar, Wadgaon Sheri, Pune-411014
• ·CIN of EFC (I) Limited: L74110PN1984PLC216407
• ·Nature of consideration: Cash for both incorporations

07-05-2026

Arvind Advanced Materials US Bidco LLC, a wholly owned step-down subsidiary of Arvind Limited through AAML, has been merged with and into Dalco GF Technologies, LLC under U.S. laws, with Dalco GF emerging as the surviving wholly owned step-down subsidiary. A Certificate of Merger was received on May 07, 2026 at 12.34 a.m. IST from the Delaware Secretary of State. This completes the internal group structuring pursuant to prior acquisition disclosures.

• ·Dalco GF Technologies, LLC operates in the area of business: Technical Textiles
• ·Transaction details provided per Regulation 30 and Schedule III of SEBI LODR Regulations
• ·No change in shareholding pattern of listed entity; not a related party transaction

07-05-2026

Triveni Engineering and Industries Limited announced that the Hon'ble National Company Law Tribunal (NCLT), Allahabad Bench, sanctioned the Composite Scheme of Arrangement involving Triveni Engineering and Industries Limited, Sir Shadi Lal Enterprises Limited, and Triveni Power Transmission Limited on May 07, 2026. This follows an earlier disclosure dated December 19, 2025, pursuant to Sections 230 to 232 of the Companies Act, 2013 and Regulation 30 of SEBI LODR Regulations. The Effective Date will be intimated to stock exchanges upon fulfillment of conditions in Clause 7 of the Scheme.

• ·Scheme sanctioned under Sections 230-232 of Companies Act, 2013.
• ·Order copy to be submitted once uploaded on NCLT website.
• ·Stock codes: BSE 532356, NSE TRIVENI.

07-05-2026

The Hon'ble National Company Law Tribunal (NCLT), Allahabad Bench, pronounced an order on May 07, 2026, sanctioning the Composite Scheme of Arrangement amongst Triveni Engineering and Industries Limited, Sir Shadi Lal Enterprises Limited, and Triveni Power Transmission Limited under Sections 230 to 232 of the Companies Act, 2013. The company is pleased to inform BSE Limited of this development, with the order copy to be submitted once uploaded on the NCLT website. The Effective Date will be intimated to stock exchanges upon fulfillment of Scheme conditions.

• ·Reference to earlier disclosure dated December 19, 2025.
• ·Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015.
• ·Effective Date as per Clause 7 of the Scheme.

07-05-2026

The Board of Vijaya Diagnostic Centre Limited approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, and recommended a final dividend of ₹2/- per equity share (200% on ₹1/- face value), subject to shareholder approval. It also approved the grant of 1,79,500 ESOPs under VDCL Employee Stock Option Plan 2018 and the acquisition of MRI, EEG, and NCV services business from wholly-owned subsidiary Medinova Millennium MRI Services LLP for ~₹4.20 Crore/-; however, the acquired business showed flat performance with turnover at ₹2.36 Crores in FY 2025-26 (up 0.4% from ₹2.35 Crores in FY 2024-25) after declining from ₹2.49 Crores in FY 2023-24. Additionally, Independent Director Dr. D Nageshwar Reddy decided not to seek re-appointment after his term ends on May 25, 2026, due to preoccupations.

• ·Acquisition expected to complete in 3 months; no governmental approvals required.
• ·ESOP vesting starts after 1 year; exercise period 10 years from grant; under Scheme 5 & 6 with time and performance-based vesting.
• ·Cost Auditors M/s. Santhosh & Associates re-appointed for FY 2026-27.
• ·AGM date and record date for dividend to be announced in due course.

07-05-2026

Thyrocare Technologies Limited's Board approved a final dividend of Rs. 7.00 per equity share for FY 2025-26 (total FY dividend Rs. 9.33 post-bonus adjustment), re-appointment of Rahul Franklin Guha as Chairman, MD & CEO, appointments of two new additional non-executive non-independent directors (Uday Patel Kadam and Gaurav Verma effective May 8, 2026), and noted resignations of two directors (Dharmil Nirupam Sheth and Dr. Dhaval Rajesh Shah effective May 7, 2026). The Board also approved auditor changes, cost auditor appointment, investment up to Rs. 5,50,00,000 in wholly-owned subsidiary Think Health Diagnostics Private Limited, and alteration of the Memorandum of Association to align with Companies Act 2013 and broaden healthcare objects. No financial performance metrics or period-over-period comparisons were disclosed.

• ·New statutory auditors: M/s. Price Waterhouse Chartered Accountants LLP for 5 years from conclusion of 26th AGM (2026) to 31st AGM (2031).
• ·Cost auditors: M/s. Jitender Navneet & Co. for FY 2026-27.
• ·Rahul Franklin Guha re-appointment from May 4, 2027 to May 3, 2032.
• ·MOA amendments include adding sub-clause for broader diagnostic, healthcare services, and dealing in related equipment.

07-05-2026

Oswal Pumps Limited's material wholly owned subsidiary, Oswal Solar Energy Private Limited, incorporated a new step-down subsidiary named Oswal Doon Baran Bundi Solar Projects Limited on May 06, 2026, subscribing to 60% of its equity shares (6,000 shares) for ₹60,000. The SPV, partnered with Doon Infrapower Projects Private Limited (40% stake), will develop, operate, and maintain 33 MW rooftop solar photovoltaic power projects on Rajasthan government buildings under Hybrid Annuity Mode, pursuant to a Letter of Award from Rajasthan Renewable Energy Corporation Limited dated March 30, 2026. The new entity has authorised share capital of ₹10,00,000 and subscribed capital of ₹1,00,000 but has not yet commenced business operations.

• ·Letter of Award No.: RRECL/ Online/ 2025-26/ HAM/ Empanelment of vendors for 33 MW capacity - 03939 - 8744800
• ·Date of Incorporation of Oswal Doon Baran Bundi Solar Projects Limited: May 06, 2026
• ·CIN of SPV Partner Doon Infrapower Projects Private Limited: U45500RJ2017PTC057929
• ·Industry: Engineering, Procurement and Construction (EPC), development, operation and maintenance of solar power projects

07-05-2026

SMALLCAP World Fund, Inc. reported a net sale of 4,290,086 shares, reducing its stake in 360 ONE WAM Ltd. from 7.9967% (7,110,521 shares) to 5.9548% (24,184,767 shares) as of May 5, 2026. The transaction coincided with an expansion of the company's total equity share capital from 88,917,869 to 406,138,438 shares, likely due to a corporate action like a bonus issue or stock split, resulting in higher absolute shareholding despite the percentage decline.

• ·ISIN: INE466L01038
• ·Mode of sale: Net sale through open market
• ·Date of sale: 05 May 2026
• ·Disclosure date: 06 May 2026
• ·Filing date: May 07, 2026

07-05-2026

Gaurang R Shah HUF, part of the promoter group of Kotyark Industries Limited, sold 1,35,382 equity shares (1.32% of total share capital) on May 04, 2026, via open market transaction, reducing its holding from 2,30,248 shares (2.24%) to 94,866 shares (0.92%). This disposal decreased the overall promoter group holding from 64,45,270 shares (62.70%) to 63,09,888 shares (61.39%). Total equity share capital remains ₹10,27,91,160 divided into 1,02,79,116 shares of ₹10 each.

• ·Individual holdings unchanged except for Gaurang R Shah HUF: Mr. Gaurang Rameshchandra Shah at 51,66,135 shares (50.26%), Mrs. Bhaviniben Gaurang Shah at 8,83,887 shares (8.60%)
• ·Disclosure submitted on May 06, 2026, to NSE and BSE under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
• ·ISIN: INE0J0B01017, NSE Symbol: KOTYARK, BSE Scrip Code: 544726

07-05-2026

Promoter Jitesh Mahendrakumar Patodia of MKP Mobility Limited disclosed the disposal of 5,40,696 equity shares (15.851% stake) via off-market inter-se transfer on May 4, 2026, reducing his holding from 17,43,658 shares (51.118%) to 12,02,962 shares (35.267%). This represents a significant decrease in promoter stake with no corresponding increase from other parties noted. 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 6, 2026 under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
• ·Mode of disposal: Off-market inter-se transfer.
• ·No dilution in total share/voting capital post-transaction.

07-05-2026

BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jyotsna Ramesh Patel in respect of Rajesh Power Services Ltd (544291). The filing provides no further details on the nature, size, or terms of the acquisition. This is purely an informational regulatory disclosure with no quantitative or strategic details disclosed.

07-05-2026

Dhruva Capital Services Ltd (BSE: 531237) has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE from Neha Bagla. This indicates Neha Bagla's intention to acquire substantial shares in the company. No details on acquisition size, valuation, shareholding changes, or transaction terms are disclosed.

07-05-2026

Al Mehwar Commercial Investments L.L.C, managed by Abakkus Asset Manager Private Limited, acquired 3,90,008 equity shares (0.47%) of Hindware Home Innovation Limited on the open market between April 10, 2026, and April 23, 2026, increasing its total holding from 41,40,829 shares (4.95%) to 45,30,837 shares (5.42%). This disclosure is filed under Regulation 29(1) of SEBI (SAST) Regulations 2011. The target company's equity share capital is INR 16,72,92,714, comprising 8,36,46,357 shares of INR 2 each, with no change post-acquisition.

• ·Mode of acquisition: Open Market
• ·Acquisition period: April 10, 2026 to April 23, 2026
• ·Acquirer PAN: AAQCA8800K
• ·Acquirer is not part of Promoter/Promoter group

07-05-2026

The Board of Directors of AVI POLYMERS LIMITED unanimously approved the acquisition of a 90% stake in JVTR Consultants Private Limited at an indicative valuation of ₹500 Crore via a preferential share swap mechanism, subject to due diligence, definitive agreements, shareholder approval, and regulatory clearances. Additionally, the Board approved amendments to the Memorandum of Association (MOA) to expand core business objects into information technology services, software development, system integration, digital platforms, and allied technology activities, aligning with a strategic pivot into the technology sector. No financial performance metrics or declines were disclosed in the filing.

• ·Board meeting held on May 7, 2026, from 11:00 AM to 11:30 AM.
• ·CIN: L20132JH1993PLC005233
• ·Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015
• ·Scrip Code: 539288

07-05-2026

ITC Limited announced that the Scheme of Amalgamation of subsidiaries Sresta Natural Bioproducts Private Limited and Wimco Limited with the Company has been sanctioned by the National Company Law Tribunal, Kolkata and Hyderabad Benches, with certified orders filed on May 7, 2026. The Effective Date is June 1, 2026, on which Sresta and Wimco will dissolve without winding up and cease to be subsidiaries, while Sresta's subsidiaries—Sresta Global FZE (UAE) and Fyve Elements LLC (USA)—will become direct wholly owned subsidiaries of ITC. All conditions in Clause 30.1 of the Scheme have been fulfilled, with Appointed Dates of June 13, 2025 for Sresta and April 1, 2025 for Wimco.

• ·Previous letter reference: August 1, 2025
• ·Orders filed with Registrar of Companies, West Bengal (for Kolkata Bench) and Telangana (for Hyderabad Bench)

07-05-2026

Heranba Industries Limited acquired 45,00,00,000 fully paid-up Optionally Fully Convertible Debentures (OFCDs) of face value ₹10 each from its wholly owned subsidiary Heranba Organics Private Limited (HOPL) for Rs. 450.00 Crores by converting existing unsecured inter-corporate deposits (ICDs), involving no fresh cash outflow as part of internal debt restructuring. The transaction maintains 100% equity shareholding and control in HOPL, which operates in the agro chemicals industry. HOPL's turnover surged to Rs.220.58 Crores in FY 2024-25 from Rs. 0.27 Crores in FY 2023-24 and Rs. Nil in FY 2022-23.

• ·HOPL date of incorporation: August 29, 2022
• ·Transaction completed on May 07, 2026 upon allotment of OFCDs
• ·Board approval for conversion proposal: April 27, 2026
• ·OFCDs issued at par on private placement basis at 1% interest
• ·Transaction conducted on arm’s length basis; no governmental approvals required

07-05-2026

Waaree Renewable Technologies Limited (WRTL) executed definitive Shareholders Agreement (SHA) and Share Purchase and Subscription Agreement (SPSA) on May 6, 2026, for acquiring 55% stake (on fully diluted basis) in Associated Power Structures Private Limited (APSPL) for ₹1,225 Cr, positioning APSPL as its subsidiary with special rights including board nominations and first right to subscribe shares. While the acquisition advances strategic expansion following the January 26, 2026 board meeting, completion has been delayed from April 30, 2026, to June 15, 2026, due to procedural requirements for share transfers and allotments.

• ·Event date and time: May 6, 2026 at 08:00 p.m.
• ·Prior board meeting: January 26, 2026.
• ·Share classes: Class A (existing shares acquisition), Class B (fresh issuance).
• ·Seller entities: Desai Family Trust, Kothari Family Trust, Patel Family Trust.
• ·No prior shareholding by WRTL in APSPL; transaction not related party.

07-05-2026

Photon Capital Advisors Ltd (BSE: 509084) has made a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on May 07, 2026, pertaining to P Sridhar Reddy. This filing indicates an intention to acquire shares that may cross substantial shareholding thresholds under SAST. No details on deal structure, valuation, share counts, percentages, or strategic rationale are provided in the filing.