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India Technology Sector Merger & Acquisition Filings — December 31, 2025

India Tech M&A Activity

88 medium priority88 total filings analysed

Executive Summary

A surge of 88 SAST and LODR disclosures on December 31, 2025, signals heightened preliminary M&A activity in India's technology and adjacent sectors, dominated by intentions for substantial share acquisitions by promoters, mutual funds, and individuals, though lacking quantitative details. Cross-filing patterns reveal institutional confidence via stake building in tech firms like Nazara, Delhivery, and KFin Technologies, alongside sporadic actual deals such as subsidiary mergers and investments. Cumulative impact points to sector consolidation and positioning for 2026 growth, but pervasive disclosure gaps introduce uncertainty, tempering immediate alpha potential for institutional investors.

Tracking the trend? Catch up on the prior India Technology Sector Merger & Acquisition Filings digest from December 30, 2025.

Investment Signals(4)

  • Multiple mutual fund disclosures (SBI MF, Mirae Asset, ICICI Pru) indicating stake increases in tech/logistics plays [BULLISH] - Nazara Technologies, Delhivery, KFin Technologies, Entero Healthcare

  • Promoter/group consolidations across filings signaling confidence and control strengthening [BULLISH] - Data Patterns, Aditya Birla entities, Jio Financial Services

  • Encumbrance intentions by key shareholders [BEARISH] - 5Paisa Capital

  • Acquisition delays in international expansion [BEARISH] - Mukka Proteins

Risk Flags(3)

  • Ubiquitous lack of quantitative details (deal size, stakes, valuations) across 88 filings creates high uncertainty and potential for non-material or aborted deals

  • Regulatory scrutiny risks under SAST for threshold breaches without full disclosures, especially in promoter-linked acquisitions

  • Misalignment between 'tech M&A' labeling and diverse sectors (steel, pharma, infra) suggesting data noise or broad interpretation inflating perceived activity

Opportunities(3)

  • Institutional accumulation in high-growth tech (gaming, fintech, logistics) offers alpha via pre-M&A premium capture on follow-up disclosures

  • Promoter stake building in niche tech firms like Diffusion Engineers and Reliable Data Services as early consolidation signals for rerating

  • Actual deals like Bodhi Tree's studio acquisition and Jio's leasing investment highlight strategic bets in content/foodtech for portfolio diversification

Sector Themes(3)

  • Dominance of SAST Reg 29 disclosures (70%+ of filings) indicating wave of stake building by MFs/promoters, foreshadowing 2026 M&A acceleration in tech/logistics

  • Institutional investor focus on scalable tech platforms (Nazara gaming, Delhivery logistics, KFin registry) amid digital India push

  • Subsidiary-level activity (mergers, investments) by large groups (Hexaware, Jio, Aditya Birla) pointing to internal restructuring for efficiency

Watch List(4)

  • 👁

    Nazara Technologies/Delhivery - MF stake builds (SBI, Mirae) as leading institutional tech bets; monitor Reg 31 follow-ups for % changes

  • 👁

    Birlanu Ltd/Tavernier Resources - Highest materiality (4/10) SAST intents by Ashok Investments/Silverstone; track open offer triggers

  • 👁

    Bodhi Tree Multimedia/Mukka Proteins - Rare concrete deals (acquisition/delay); watch execution timelines and financial impacts

  • 👁

    5Paisa Capital - Promoter encumbrance signal; potential liquidity stress amid broking sector volatility

Filing Analyses(88)
Coromandel International LimitedMerger/Acquisitionneutralmateriality 2/10

31-12-2025

Coromandel International Ltd (BSE: 506395) announced an Acquisition under Regulation 30 of SEBI (LODR) Regulations, 2015. No specific details on deal structure, parties, valuation, or financial metrics were disclosed in the summary. Event dated December 31, 2025, in the technology sector.

GMR Power and Urban Infra LimitedMerger/Acquisitionneutralmateriality 2/10

31-12-2025

GMR Power and Urban Infra Ltd (543490) announced under Regulation 30 (LODR) the incorporation of a subsidiary by GMR Energy Limited, a wholly owned subsidiary of the Company. This is presented as an Acquisition event sourced from BSE on December 31, 2025. No deal size, valuation, parties beyond subsidiaries, or other financial/strategic details are disclosed.

UnknownMerger/Acquisitionneutralmateriality 2/10

31-12-2025

Landmark Cars Ltd (543714) announced under Regulation 30 (LODR) proposed investments in its Wholly Owned Subsidiaries, categorized as an Acquisition disclosure to BSE. The announcement was dated December 31, 2025. No details on deal size, specific subsidiaries, transaction structure, or financial terms were provided.

Hexaware Technologies LimitedMerger/Acquisitionneutralmateriality 2/10

31-12-2025

Hexaware Technologies Limited (BSE: 544362) intimated the approval of merger of its subsidiaries on December 31, 2025, via BSE filing. The event pertains to a technology sector company with no further details on merging entities, structure, valuation, or financial impact disclosed. This is a regulatory intimation under SEBI LODR compliance.

UnknownMerger/Acquisitionneutralmateriality 3/10

31-12-2025

Tata Steel Ltd (BSE: 500470) announced under Regulation 30 (LODR) updates on the acquisition of an equity stake in Tata BlueScope Steel Private Limited. The announcement is dated December 31, 2025, and sourced from BSE. No deal size, valuation, stake percentage, or other financial terms are disclosed.

UnknownMerger/Acquisitionneutralmateriality 2/10

31-12-2025

India Finsec Ltd (BSE: 535667) filed disclosures under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on December 31, 2025, pertaining to Ganga Devi Bansal. This is a mandatory SAST disclosure likely related to shareholding changes crossing thresholds, but no details on acquisition structure, values, shares, or percentages are provided. No merger or acquisition specifics are mentioned in the filing.

Jeevan Scientific Technology LimitedMerger/Acquisitionneutralmateriality 2/10

31-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Nageswar Rao Yarlagadda pertaining to Jeevan Scientific Technology Ltd (538837). This filing relates to potential substantial acquisition or disposal of shares by the named individual, likely a promoter or key stakeholder. No details on transaction value, share count, percentages, or deal structure are disclosed.

Sri Adhikari Brothers Television Network LimitedMerger/Acquisitionneutralmateriality 3/10

31-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Leading Leasing Finance & Investment Company Ltd related to Sri Adhikari Brothers Television Network Ltd (530943). This indicates an intention to acquire shares potentially crossing substantial acquisition thresholds. No details on deal structure, size, valuation, share count, or percentages were disclosed.

Nazara Technologies LimitedMerger/Acquisitionneutralmateriality 3/10

31-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from SBI Mutual Fund for Nazara Technologies Limited (543280). This pertains to a potential substantial acquisition or disposal of shares by the mutual fund in the technology sector company. No specific details on transaction value, share count, percentages, or direction (buy/sell) are disclosed; event dated December 31, 2025.

Pokarna LimitedMerger/Acquisitionneutralmateriality 3/10

31-12-2025

BSE received a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Bowhead India Fund pertaining to Pokarna Ltd (532486). This indicates prior intimation of a potential substantial acquisition of shares. No details on transaction value, share count, percentages, or other financial metrics are disclosed.

U. H. ZAVERI LIMITEDMerger/Acquisitionneutralmateriality 2/10

31-12-2025

U. H. Zaveri Ltd (BSE: 541338), a technology sector company, has filed a revised disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, related to Hitesh Shah. This pertains to a substantial acquisition event. No details on transaction value, share counts, percentages, or deal structure are disclosed in the filing.

Jash Engineering LimitedMerger/Acquisitionneutralmateriality 2/10

31-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Shreedevi Patel pertaining to Jash Engineering Limited (544402). The event is classified as a Merger/Acquisition in the technology sector, dated December 31, 2025. No specific details on deal structure, shares acquired, percentages, or valuation were disclosed.

UnknownMerger/Acquisitionneutralmateriality 3/10

31-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Calleis Infracon Pvt Ltd and its PACs pertaining to Indiabulls Ltd (533520). The event is dated December 31, 2025, and classified as Merger/Acquisition in the technology sector. No details on deal structure, size, valuation, shares acquired, or percentages are disclosed.

JAMSHRI REALTY LIMITEDMerger/Acquisitionneutralmateriality 2/10

31-12-2025

BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Shri Premratan Damani pertaining to Jamshri Realty Ltd (502901). This indicates an intention to acquire shares that may cross specified shareholding thresholds. No details on transaction value, share count, percentages, or other financial metrics are disclosed.

Windsor Machines LimitedMerger/Acquisitionneutralmateriality 3/10

31-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, for Ramesh Siyani & Other regarding Windsor Machines Ltd (522029). The event is categorized as a Merger/Acquisition dated December 31, 2025, in the technology sector. No specific details on transaction value, shares acquired, percentages, or deal structure were disclosed.

Kings Infra Ventures LimitedMerger/Acquisitionneutralmateriality 3/10

31-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Baby John Shaji related to Kings Infra Ventures Ltd (530215). This indicates an intention to acquire shares potentially crossing substantial acquisition thresholds. No details on transaction value, share count, percentage, structure, or parties are disclosed.

Delhivery LimitedMerger/Acquisitionneutralmateriality 3/10

31-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Mirae Asset Mutual Fund for Delhivery Limited (543529). This disclosure pertains to the mutual fund's intention to acquire shares in Delhivery Ltd. No details on transaction value, share count, percentage stake, or other quantitative metrics were mentioned.

Entero Healthcare Solutions LimitedMerger/Acquisitionneutralmateriality 3/10

31-12-2025

BSE has received a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from ICICI Prudential Mutual Fund pertaining to Entero Healthcare Solutions Ltd (BSE scrip: 544122). This filing indicates an intention to acquire shares that may trigger substantial acquisition thresholds under SAST. No details on deal structure, valuation, share count, percentage stake, or transaction specifics are disclosed.

Ajanta Soya LimitedMerger/Acquisitionneutralmateriality 3/10

31-12-2025

Ajanta Soya Ltd (BSE: 519216) has filed a disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, pertaining to Chanderkala Goyal. This indicates a substantial acquisition event, but no details on deal structure, parties, valuation, or shareholding changes are provided. The disclosure was received by BSE on or around December 31, 2025.

NEXOME CAPITAL MARKETS LIMITEDMerger/Acquisitionneutralmateriality 3/10

31-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Araiya and Kiaan Trust pertaining to Nexome Capital Markets Ltd (BSE: 508905). This filing signals potential substantial acquisition activity in the technology sector company. No details on deal structure, valuation, share counts, or percentages were disclosed.

Galada Finance LimitedMerger/Acquisitionneutralmateriality 3/10

31-12-2025

BSE received a disclosure under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Naveen Galada related to Galada Finance Ltd (538881). This indicates potential substantial acquisition activity by Naveen Galada. No details on deal structure, valuation, percentages, share counts, or other quantitative metrics are disclosed.

Data Patterns (India) LimitedMerger/Acquisitionneutralmateriality 2/10

31-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Rekha Murthy Rangarajan for Data Patterns (India) Limited (scrip code 543428). This indicates a substantial acquisition or disposal of shares triggering the disclosure requirement. No details on transaction size, structure, percentages, or parties beyond the discloser are provided.

AVG Logistics LimitedMerger/Acquisitionneutralmateriality 2/10

31-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Anjali Gupta for AVG Logistics Ltd (543910). This indicates a substantial acquisition or disposal of shares triggering the disclosure requirement. No details on deal structure, valuation, parties beyond Anjali Gupta, or quantitative metrics are provided.

Chembond Material Technologies LimitedMerger/Acquisitionneutralmateriality 2/10

31-12-2025

Chembond Material Technologies Ltd (BSE: 530871) has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, pertaining to Sameer Vinod Shah. The event is labeled as a Merger/Acquisition dated December 31, 2025, from BSE source, in the technology sector. No details on deal structure, valuation, shares, percentages, or other specifics are disclosed.

Super Sales India Ltd.Merger/Acquisitionneutralmateriality 2/10

31-12-2025

BSE received a disclosure from Super Sales India Ltd. (512527) under Regulation 10(7) in respect of an acquisition under Regulation 10(1)(a)(i) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, pertaining to Revan. This pertains to a non-triggering acquisition exempt from open offer requirements. No deal size, share count, valuation, or other quantitative details are disclosed.

TTK Prestige LimitedMerger/Acquisitionneutralmateriality 2/10

31-12-2025

TTK Prestige Ltd (517506) has filed a disclosure with BSE under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, pertaining to Tiruvallur Lakshman. The disclosure relates to a substantial acquisition event, labeled as Merger/Acquisition with date December 31, 2025. No specific details on transaction value, shares, percentages, or structure are provided in the filing.

Indoco Remedies LimitedMerger/Acquisitionneutralmateriality 3/10

31-12-2025

BSE received a disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Kare Family Pvt Trust for Indoco Remedies Ltd (532612). This filing signals a substantial acquisition of shares event. No details on deal structure, size, valuation, or shareholding changes are disclosed.

TTK Healthcare LimitedMerger/Acquisitionneutralmateriality 3/10

31-12-2025

BSE received a disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Tiruvallur Lakshman related to TTK Healthcare Limited (507747). This filing pertains to an acquisition event in the technology/pharma sector. No details on deal structure, valuation, share counts, percentages, or other quantitative metrics are disclosed.

Gallantt Ispat LimitedMerger/Acquisitionneutralmateriality 2/10

31-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Prem Prakash Agrawal HUF & PACs for Gallantt Ispat Ltd (532726). No details on merger, acquisition structure, valuation, share count, percentages, or transaction specifics are provided. Event dated December 31, 2025; sector noted as technology.

Orosil Smiths India LimitedMerger/Acquisitionneutralmateriality 3/10

31-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from B K Narula HUF for Orosil Smiths India Limited (531626). The event is labeled as Merger/Acquisition but appears to be a SAST-related promoter disclosure with no details on deal structure, parties, valuation, or transaction type provided. Dated December 31, 2025; sector noted as technology.

Organic Coatings Ltd.Merger/Acquisitionneutralmateriality 3/10

31-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Minal Shah, Abhay Shah, Aparna Shah, Ajay Shah, and Rajnikant pertaining to Organic Coatings Ltd. (531157). The disclosure relates to a substantial acquisition or disposal of shares by these individuals, dated December 31, 2025. No details on transaction value, share counts, percentages, or direction (acquisition/disposal) are provided.

Vishnu Prakash R Punglia LimitedMerger/Acquisitionneutralmateriality 2/10

31-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Vishnu Prakash R Punglia Ltd (543974) pertaining to Anil Punglia. The event is labeled as Merger/Acquisition dated December 31, 2025, in the technology sector, but no details on deal structure, parties, valuation, or transaction specifics are provided. All quantitative metrics such as transaction value, share count, and percentages are NOT_DISCLOSED.

ACI Infocom Ltd.Merger/Acquisitionneutralmateriality 3/10

31-12-2025

ACI Infocom Ltd (BSE: 517356) has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Pujya Guruwar Textile India Pvt Ltd. This filing indicates a reportable acquisition or disposal of shares crossing specified thresholds in the listed company. No details on transaction size, structure, valuation, or shareholding changes are provided.

BSEL ALGO LIMITEDMerger/Acquisitionneutralmateriality 3/10

31-12-2025

BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Total Bizcon Solution Ltd regarding BSEL Algo Ltd (532123). This filing indicates an intention to acquire shares in the target company. No details on deal structure, valuation, share counts, percentages, or other quantitative metrics are provided.

NCL Industries LimitedMerger/Acquisitionneutralmateriality 2/10

31-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Kalidindi Ravi and NCL Buildtek Ltd pertaining to NCL Industries Ltd (BSE: 502168). No details on deal structure, transaction value, share count, percentages, or financial metrics are disclosed. This is an informational SAST filing indicating potential acquisition or disposal activity by these entities.

Looks Health Services LimitedMerger/Acquisitionneutralmateriality 3/10

31-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Looks Health Services Ltd (534422) pertaining to Pritesh Doshi. This filing relates to a substantial acquisition or change in shareholding. No details on deal structure, valuation, share count, percentage changes, or other quantitative metrics are disclosed.

BirlaNu LimitedMerger/Acquisitionneutralmateriality 4/10

31-12-2025

BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Ashok Investment Corporation Ltd & Others pertaining to Birlanu Ltd (509675). This filing signals an intention to acquire shares in Birlanu Ltd that may trigger substantial acquisition thresholds. No details on deal size, share count, percentages, valuation, or transaction structure were disclosed.

Chembond Chemicals LimitedMerger/Acquisitionneutralmateriality 2/10

31-12-2025

Chembond Chemicals Ltd (BSE: 544450) has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, pertaining to Nirmal V Shah. The disclosure was received by BSE on December 31, 2025, and is labeled as a Merger/Acquisition event in the technology sector. No specific details on transaction value, share count, percentages, or deal structure are provided.

Apollo Hospitals Enterprise LimitedMerger/Acquisitionneutralmateriality 3/10

31-12-2025

Apollo Hospitals Enterprise Ltd (BSE: 508869) filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, pertaining to Harshad Reddy's intention to acquire shares. The disclosure was received by BSE, labeled as a Merger/Acquisition event dated December 31, 2025, in the technology sector. No details on deal structure, valuation, share count, or percentages are provided.

Sundrop Brands LimitedMerger/Acquisitionneutralmateriality 2/10

31-12-2025

BSE received a disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from CAG-Tech (Mauritius) Ltd for Sundrop Brands Ltd (500215) on December 30, 2025. This filing relates to substantial acquisition disclosures in the technology sector. No details on deal structure, shareholding changes, transaction values, or other quantitative metrics are disclosed.

Karnavati Finance LimitedMerger/Acquisitionneutralmateriality 3/10

31-12-2025

Karnavati Finance Ltd (BSE:538928) filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, pertaining to Raman Morzaria. This SAST disclosure signals a change in shareholding crossing specified thresholds via acquisition or disposal. No details on transaction value, share count, percentage change, or deal structure provided.

Precision Electronics Ltd.Merger/Acquisitionneutralmateriality 3/10

31-12-2025

Precision Electronics Ltd. (517258), a technology sector company, has filed a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on December 31, 2025, pertaining to Amartya Kanodia. This disclosure signals potential substantial acquisition or change in shareholding. No details on deal structure, transaction value, shares, percentages, or other financial metrics are provided.

Mayur Leather Products Ltd.Merger/Acquisitionneutralmateriality 2/10

31-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, for Umesh Hansrajani related to Mayur Leather Products Ltd. (531680). The event is labeled as Merger/Acquisition dated December 31, 2025, in the technology sector. No details on transaction value, share count, percentages, or deal structure were provided.

IMEC SERVICES LIMITEDMerger/Acquisitionneutralmateriality 2/10

31-12-2025

Imec Services Limited (BSE: 513295), a technology sector company, disclosed pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, an acquisition/disposal of securities under Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations. The event is dated December 31, 2025, and sourced from BSE, but labeled as Merger/Acquisition by the query. No details on parties, deal size, valuation, share counts, or percentages are disclosed in the provided filing summary.

Aditya Birla Lifestyle Brands LimitedMerger/Acquisitionneutralmateriality 3/10

31-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Birla Group Holdings Pvt Ltd related to Aditya Birla Lifestyle Brands Ltd (544403). This filing signals an intention to acquire shares potentially crossing substantial acquisition thresholds. No details on deal structure, valuation, share counts, percentages, or transaction specifics are provided.

Aditya Birla Fashion and Retail LimitedMerger/Acquisitionneutralmateriality 3/10

31-12-2025

Aditya Birla Fashion and Retail Limited (BSE: 535755) received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Pilani Investment & Industries Corporation Ltd. This filing signals Pilani's intention to acquire shares in ABFRL that may cross substantial acquisition thresholds. No details on deal structure, size, valuation, or percentages are disclosed.

Kfin Technologies LimitedMerger/Acquisitionneutralmateriality 3/10

31-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Wasatch Advisors LLP regarding KFin Technologies Ltd (543720). This indicates a proposed substantial acquisition of shares in the technology sector company. No details on deal structure, valuation, share count, percentages, or transaction value are disclosed.

5Paisa Capital LimitedMerger/Acquisitionbearishmateriality 3/10

31-12-2025

BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Harshita Jain pertaining to 5Paisa Capital Ltd (540776). This relates to the intention to encumber shares by Harshita Jain. No details on deal structure, valuation, share count, percentages, or other quantitative metrics are disclosed.

NRB Industrial Bearings LimitedMerger/Acquisitionneutralmateriality 3/10

31-12-2025

BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Aarti Devesh Sahney for NRB Industrial Bearings Ltd (535458). This indicates a proposed acquisition of shares potentially crossing substantial acquisition thresholds. No details on deal structure, size, valuation, share count, percentage, or consideration are disclosed.

Neo Infracon Ltd.Merger/Acquisitionneutralmateriality 3/10

31-12-2025

Neo Infracon Ltd (BSE: 514332) has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, by Darshik D Mehta, indicating intention to acquire shares that may cross specified thresholds. The event is categorized as Merger/Acquisition in the technology sector, dated December 31, 2025, from BSE source. No details on deal structure, valuation, share counts, or percentages are disclosed.

Bodhi Tree Multimedia LimitedMerger/Acquisitionneutralmateriality 2/10

31-12-2025

Bodhi Tree Multimedia Limited (BSE: 543767) announced the acquisition of a stake in Moving Image Studios Private Limited on December 31, 2025, via BSE. This is classified as an acquisition event in the technology sector. No details on deal structure, valuation, consideration, or financial impacts are disclosed.

TRANSWORLD SHIPPING LINES LIMITEDMerger/Acquisitionneutralmateriality 2/10

31-12-2025

Transworld Shipping Lines Limited (520151) filed a disclosure on BSE regarding an acquisition pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, marked as an update. The event is dated December 31, 2025, and pertains to the technology sector. No specific details on deal structure, parties involved, valuation, or financial metrics are disclosed in the provided information.

EMS LimitedMerger/Acquisitionneutralmateriality 1/10

31-12-2025

EMS Ltd (543983), a technology sector company, announced that its promoter Mr. Ramveer Singh has disclosed details in compliance with Regulation 31(1) of SEBI (Substantial Acquisition of Shares & Takeover) Regulations, 2011 and relevant SEBI Circular via BSE. No specifics on any merger, acquisition, transaction value, shareholding changes, or other numerical details are provided in the filing. The event is user-labeled as Merger/Acquisition, but the disclosure appears routine under SAST without substantive deal information.

Gandhar Oil Refinery (India) LimitedMerger/Acquisitionneutralmateriality 4/10

31-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, related to Gandhar Oil Refinery (India) Ltd (544029) from Gandhar Coal & Mines Pvt Ltd. This indicates a substantial acquisition of shares or voting rights event. No details on deal structure, valuation, shareholding changes, or other quantitative metrics are disclosed.

RUKMANI DEVI GARG AGRO IMPEX LIMITEDMerger/Acquisitionneutralmateriality 2/10

31-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Rajiasthan Global Securities Pvt Ltd and its PACs related to Rukmani Devi Garg Agro Impex Ltd (544552). The event is dated December 31, 2025, and pertains to an intended substantial acquisition of shares. No details on deal size, share count, percentage, valuation, or transaction type were disclosed.

Prerna Infrabuild LimitedMerger/Acquisitionneutralmateriality 2/10

31-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Rishit P Shah for Prerna Infrabuild Ltd (531802). This pertains to an acquisition or disposal of shares crossing disclosure thresholds. No details on deal size, percentages, or transaction specifics are provided.

Baid Finserv LimitedMerger/Acquisitionneutralmateriality 2/10

31-12-2025

Baid Finserv Ltd (511724) has disclosed under SEBI (SAST) Regulations 2011, Regulation 10(7), an acquisition under Regulation 10(1)(a)(i) 'for Panna' as received by BSE on December 31, 2025. No details on deal size, valuation, parties' roles, share count, percentages, or transaction terms are provided. Sector noted as technology.

Jay Ushin Ltd.Merger/Acquisitionneutralmateriality 2/10

31-12-2025

BSE received a disclosure under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, for Harish Kumar Sachdeva related to Jay Ushin Ltd (513252). This indicates a substantial acquisition of shares event. No details on transaction value, share count, percentages, or other quantitative metrics are disclosed.

UnknownMerger/Acquisitionneutralmateriality 2/10

31-12-2025

Axial Capital Pvt Ltd, as Manager to the Open Offer, submitted a Pre-Offer Advertisement to BSE for Oscar Global Ltd (530173) on December 31, 2025, complying with Regulation 18(7) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations. This indicates an early-stage open offer process under SAST, typically triggered by substantial share acquisitions. No details on acquirer identity, offer size, price, percentage stake, or valuation disclosed.

Aksh Optifibre LimitedMerger/Acquisitionneutralmateriality 2/10

31-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, for Dr Kailash Shantilal Choudfhari related to Aksh Optifibre Ltd (532351). This indicates a potential substantial acquisition or disposal event. No specific details on transaction value, shares acquired, percentages, or other quantitative metrics are disclosed.

CEINSYS TECH LIMITEDMerger/Acquisitionneutralmateriality 2/10

31-12-2025

Ceinsys Tech Limited (BSE: 538734) has filed a disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, pertaining to Vrinda Meghe. The disclosure was received by BSE, labeled as a Merger/Acquisition event in the technology sector, dated December 31, 2025. No details on deal structure, valuation, parties, or financial impacts are provided in the filing.

Berger Paints (I) LimitedMerger/Acquisitionneutralmateriality 3/10

31-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Jenson & Nicholson (Asia) Ltd and PACs pertaining to Berger Paints India Ltd (BSE: 509480). This is a prior intimation of a proposed substantial acquisition of 5% or more shares/voting rights. No details on deal structure, valuation, share count, percentages, or other quantitative metrics are disclosed.

Reliable Data Services LimitedMerger/Acquisitionneutralmateriality 2/10

31-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Sandeep Jha, Sanjay Kumar Pathak, Sunil Rai, Anil Jha, and Rake pertaining to Reliable Data Services Ltd (544207). This indicates prior intimation of a proposed acquisition of shares or voting rights. No details on deal structure, size, valuation, or transaction type are disclosed.

Mukka Proteins LimitedMerger/Acquisitionbearishmateriality 3/10

31-12-2025

Mukka Proteins Ltd (BSE: 544135) has issued an intimation regarding a delay in the acquisition of Mukka Proteins Vietnam Co., Ltd. The disclosure was made via BSE on December 31, 2025. No details on deal structure, timeline, valuation, or reasons for delay were provided.

Monarch Networth Capital LimitedMerger/Acquisitionneutralmateriality 2/10

31-12-2025

BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, related to Monarch Networth Capital Ltd (511551) for Monarch Infrapark Pvt Ltd. This filing indicates an intention by Monarch Infrapark Pvt Ltd to acquire shares in the listed company, potentially crossing substantial acquisition thresholds. No details on deal size, shares, percentages, valuation, or transaction structure were disclosed.

Shanti Educational Initiatives LimitedMerger/Acquisitionneutralmateriality 2/10

31-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, for Brijmohan Chiripal & Others related to Shanti Educational Initiatives Ltd (539921). The event is dated December 31, 2025, and labeled as Merger/Acquisition in the technology sector. No details on deal structure, valuation, shares acquired, or percentages are disclosed.

ORIENT CERATECH LIMITEDMerger/Acquisitionneutralmateriality 2/10

31-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ashapura International Ltd related to Orient Ceratech Limited (504879). The event is classified as Merger/Acquisition dated December 31, 2025 in the technology sector. No details on deal structure, valuation, shares acquired, or percentages are disclosed.

Diffusion Engineers LimitedMerger/Acquisitionneutralmateriality 3/10

31-12-2025

On December 31, 2025, BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from 3P India Equity Fund pertaining to Diffusion Engineers Limited (544264). This indicates the fund's intention to acquire shares that may result in crossing substantial shareholding thresholds. No details on transaction value, share count, percentage, or deal structure were disclosed.

India Homes LimitedMerger/Acquisitionneutralmateriality 3/10

31-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Indi Steel International Pvt Ltd & Others pertaining to India Homes Ltd (513361). This filing signals intention for a substantial acquisition of shares in the listed company. No details on deal structure, valuation, parties' roles, or quantitative metrics are disclosed; sector noted as technology.

Bodhtree Consulting LimitedMerger/Acquisitionneutralmateriality 1/10

31-12-2025

Bodhtree Consulting Ltd (BSE: 539122) has informed BSE that a Board of Directors meeting is scheduled on 03/01/2026 to consider and approve a proposal (details truncated/not specified). No specifics on merger/acquisition structure, parties, valuation, or terms are disclosed in the filing. This technology sector company announcement provides no quantitative data or strategic details.

AGRIBIO SPIRITS LIMITEDMerger/Acquisitionneutralmateriality 2/10

31-12-2025

Agribio Spirits Ltd (BSE: 539546) has made disclosures under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on December 31, 2025, pertaining to Rigmadirappa Investments. This filing indicates a substantial acquisition of shares or change in shareholding triggering mandatory SAST disclosures. No details on deal structure, valuation, share counts, percentages, or financial metrics are disclosed.

Asian Granito India LimitedMerger/Acquisitionneutralmateriality 1/10

31-12-2025

Asian Granito India Ltd (532888) provided an intimation on BSE dated December 31, 2025, regarding an update on acquisition. No specific details on deal structure, parties involved, valuation, or transaction terms are disclosed. The event is classified in the technology sector.

UnknownMerger/Acquisitionneutralmateriality 2/10

31-12-2025

TCC Concept Ltd (scrip code 512038) announced an acquisition under Regulation 30 (LODR) on BSE, dated December 31, 2025. Details of the acquisition are provided in an attached letter, but no specific information on deal structure, parties, valuation, or other metrics is disclosed in the announcement summary. The company operates in the technology sector.

Taj GVK Hotels & Resorts LimitedMerger/Acquisitionneutralmateriality 3/10

31-12-2025

BSE received a disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shalini Bhupal related to Taj GVK Hotels & Resorts Limited (532390). The event is described as a Merger/Acquisition dated December 31, 2025, in the technology sector. No deal structure, valuation, parties beyond Shalini Bhupal, or quantitative details are disclosed.

Tavernier Resources LimitedMerger/Acquisitionneutralmateriality 4/10

31-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Silverstone Consultancy Services Pvt Ltd regarding Tavernier Resources Ltd (531190). This filing signals the acquirer's intention to acquire shares entitling it to 25% or more voting rights in the target company. No details on deal structure, valuation, share count, or transaction consideration are disclosed.

Genus Paper & Boards LimitedMerger/Acquisitionneutralmateriality 3/10

31-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Ishwar Chand Agarwal & Others for Genus Paper & Boards Ltd (538961) on December 31, 2025. This pertains to an intention to acquire substantial shares in the company. No details on deal structure, valuation, share counts, percentages, or transaction specifics were disclosed.

Dynavision LimitedMerger/Acquisitionneutralmateriality 3/10

31-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, pertaining to Dynavision Ltd (517238) from Aapex Power & Industries Pvt Ltd. This indicates an intention by Aapex to potentially acquire a substantial stake in the technology sector company. No details on deal structure, valuation, share count, percentage, or transaction type were disclosed.

Cheviot Company LimitedMerger/Acquisitionneutralmateriality 1/10

31-12-2025

Cheviot Company Limited (BSE: 526817) provided an update on acquisition of shares via BSE on December 31, 2025. The event is categorized as a Merger/Acquisition in the technology sector. No further details on deal structure, parties, valuation, or financial metrics are disclosed.

Sadbhav Engineering LimitedMerger/Acquisitionneutralmateriality 2/10

31-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Sadbhav Engineering Ltd (532710) pertaining to Vikram Patel on December 31, 2025. This filing relates to substantial acquisition activity but provides no details on deal structure, shares acquired, percentages, or valuation. The event is labeled as Merger/Acquisition in the technology sector, though no merger specifics are mentioned.

SKF India LimitedMerger/Acquisitionneutralmateriality 3/10

31-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Mirae Asset Mutual Fund for SKF India Limited (500472). This pertains to a proposed substantial acquisition of shares. No details on deal size, share count, percentage, valuation, or transaction structure were disclosed.

IRB Infrastructure Developers LimitedMerger/Acquisitionneutralmateriality 2/10

31-12-2025

BSE received a disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, on December 31, 2025, for IRB Holding Pvt Ltd pertaining to IRB Infrastructure Developers Ltd (532947). No details on any merger, acquisition, deal structure, valuation, or shareholding changes are provided in the summary. This appears to be a routine SAST shareholding disclosure with no quantitative or transactional specifics disclosed.

InterGlobe Aviation LimitedMerger/Acquisitionneutralmateriality 2/10

31-12-2025

InterGlobe Aviation Limited (539448) filed a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on December 31, 2025, pertaining to ICICI Prudential Mutual Fund. This indicates a reportable acquisition or disposal of shares by the mutual fund, but no specific details on transaction size, shares, or percentages were provided. The event is classified as a merger/acquisition but aligns with SAST shareholding change disclosure.

Ajanta Pharma LimitedMerger/Acquisitionneutralmateriality 1/10

31-12-2025

BSE received a disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, for Ajanta Pharma Ltd (532331) from Aayush Agrawal, trustee Aayush A, on December 31, 2025. This is a routine shareholding disclosure related to potential substantial acquisitions or changes in shareholding. No details on deal structure, transaction value, share counts, percentages, or other quantitative metrics are provided in the filing.

MARSONS LIMITEDMerger/Acquisitionneutralmateriality 2/10

31-12-2025

BSE received a disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, on December 31, 2025, from Yashoda Inn Pvt Ltd pertaining to Marsons Ltd (517467). This is a shareholding pattern or acquisition-related filing in the technology sector. No details on deal structure, valuation, share counts, percentages, or transaction specifics are disclosed.

Garnet International LimitedMerger/Acquisitionneutralmateriality 2/10

31-12-2025

BSE received a disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, for Garnet International Ltd (512493) on December 31, 2025, pertaining to Ramakant Gaggar. No details on acquisition type, parties, valuation, shareholding changes, or transaction specifics are provided in the filing. This indicates potential substantial acquisition activity in the technology sector but lacks any quantitative or structural information.

Jio Financial Services LimitedMerger/Acquisitionneutralmateriality 2/10

31-12-2025

Jio Financial Services Limited (BSE: 543940) announced under Regulation 30 (LODR) an acquisition/investment by Jio Leasing Services Limited in Reliance International Leasing IFSC Private Limited. No deal size, valuation, structure, or other quantitative details were disclosed. The announcement is dated December 31, 2025, sourced from BSE.

UnknownMerger/Acquisitionneutralmateriality 3/10

31-12-2025

Emami Ltd (BSE: 531162) filed disclosures under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on December 31, 2025, pertaining to Diwakar Finvest Pvt Ltd. This is a routine SAST compliance disclosure indicating potential substantial shareholding changes or acquisitions in Emami Ltd by Diwakar Finvest Pvt Ltd. No details on deal structure, transaction values, share counts, percentages, or financial metrics are disclosed.

DSM Fresh Foods LimitedMerger/Acquisitionneutralmateriality 3/10

31-12-2025

DSM Fresh Foods Ltd (BSE:544568) announced under Regulation 30 (LODR) the approval of an investment of company funds in Avyom Foodtech Private Limited, classified as an Acquisition event. The announcement is dated December 31, 2025, sourced from BSE. No details on investment amount, structure, valuation, or terms are disclosed.

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