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India Technology Sector Merger & Acquisition Filings — April 22, 2026

India Tech M&A Activity

27 medium priority27 total filings analysed

Executive Summary

The 27 filings in the India Tech M&A Activity stream reveal a surge in promoter and investor stake consolidations, subsidiary incorporations, and NCLT-sanctioned schemes, signaling strategic expansions and consolidations across tech-adjacent sectors like manufacturing, renewables, and auto components. Key period-over-period trends include steady target revenue growth in acquisitions (e.g., Hobel Bellows +16.1% YoY to ₹117.25 Cr in FY24-25, +5.6% to ₹123.74 Cr in FY25-26), with no broad margin compressions noted but positive sentiment in 7/27 filings. Critical developments feature large cash investments (Unimech ₹450 Cr, Bengal Tea ₹45 Cr, Enviro Infra ₹15.51 Cr) and promoter stake hikes (e.g., Intec Capital to 19.04%, Retaggio to 30.22%), indicating high management conviction amid low disclosure SAST filings creating uncertainty. Portfolio-level patterns show 10+ stake builds/acquisitions vs. 1 major disposal, with 6 subsidiary formations enhancing global footprints (UAE, Italy, Gujarat). Forward-looking catalysts cluster in May-June 2026 (NCLT orders, record dates), positioning M&A as a growth driver but with risks from opaque SAST disclosures in 9 filings.

Tracking the trend? Catch up on the prior India Technology Sector Merger & Acquisition Filings digest from April 15, 2026.

Investment Signals(12)

  • Approved ₹450 Cr investment for 100% control via 24%/76% stakes in Hobel entities; target turnover +16.1% YoY to ₹117.25 Cr FY24-25, +5.6% FY25-26, completion within 7 days

  • Promoter Sanjeev Goel acquired 22.53L shares (12.26% stake) via inter-se transfer at ₹11/share, holding up from 6.78% to 19.04%, exempt from open offer

  • Promoter group Retaggio Trading acquired 4.62L shares via warrant conversion, stake up from 28.47% to 30.22%, diluted stake stable at 31.70%

  • MoU for ₹45 Cr cash acquisition of Nya Gogra Tea Estate to boost production/profitability, completion by May 15, 2026

  • Incorporated UAE subsidiary Arvind Atelier (FZC) with 80% control via cash, for garments/textile trading, no approvals needed

  • New WOS North Chennai Tru Water for 45 MLD TTRO plant RFOMT project, 100% owned, certificate April 22

  • Approved Italian WOS (up to €1M capital, 100% subscribed) replacing Spain plan, for Europe sales/distribution

  • Approved FY26 results (unmodified opinion), final dividend ₹40/share (record May 22), AGM June 1

  • Green Horizon Fund acquired 25L shares (12.69%) via preferential allotment, doubling equity capital to ₹19.7 Cr

  • WOS acquired 49% in PRA Bihar BESS (37.5 MW/150 MWh) for ₹15.51 Cr, option for 51% post-COD by May 2027

  • NCLT approved demerger/amalgamation scheme, record date May 8 for new shares issuance (19:100 ratio)

  • Promoter group NEELA KHARA holding up 151% to 3.20% (10.65M shares) via transmission

Risk Flags(10)

Opportunities(10)

Sector Themes(6)

  • Promoter/Investor Stake Builds (8/27 filings)(BULLISH IMPLICATION)

    8 cases of stake increases (e.g., Intec +12.26%, Retaggio +1.75%, Axentra 12.69% new), via inter-se/preferential/transmission, signaling conviction vs. 1 disposal; implies control consolidation in small/midcaps

  • Subsidiary Incorporations (6/27)(GROWTH THEME)

    6 new WOS/subs (Arvind UAE, Studds Italy, VA Tech Chennai, Darjeeling Gujarat defence, etc.), 100%/control stakes via cash at low capex (e.g., ₹1L-€1M), for trading/manufacturing/renewables expansion

  • NCLT Scheme Progress (4/27)(CONSOLIDATION THEME)

    4 amalgamations/demergers advancing (Lumax reserved, Prima/Hindustan sanctioned, record dates Apr17/May8), no objections from regulators; accelerates restructuring

  • Cash Acquisitions/Investments (4/27)

    ₹450 Cr Unimech, ₹45 Cr Bengal, ₹15.51 Cr Enviro BESS, Hobel target +11% avg growth; targets nil/steady revenue, quick timelines (7 days-May15) [M&A ACCELERATION]

  • SAST Disclosure Cluster (11/27)(MONITOR THEME)

    11 low-materiality Reg 29/31 filings with zero quantitative data (Gemstone, T&I, BDH, etc.), medium/low risk opacity; potential for follow-on open offers/stake builds

  • Capital Allocation Focus(REINVESTMENT TREND)

    L&T ₹40/share dividend (record May22), Retaggio warrant conversions (no redemption), preferential allotments doubling capital (Axentra/Kshitij); prioritizes growth over payouts

Watch List(8)

Filing Analyses(27)
Unimech Aerospace and Manufacturing LimitedMerger/Acquisitionpositivemateriality 9/10

22-04-2026

Unimech Aerospace and Manufacturing Limited, along with its wholly owned subsidiary Innomech Aerospace Toolings Private Limited, has approved an investment of up to ₹450 Cr to acquire 24% and 76% stakes respectively in Hobel Bellows Private Limited, which will in turn acquire 99.99% of Hobel Bellows Co., a partnership firm with turnover of ₹123.74 Cr in FY2025-26. The target's turnover has shown steady growth, up 16.1% YoY to ₹117.25 Cr in FY2024-25 from ₹100.99 Cr in FY2023-24, and further 5.6% to ₹123.74 Cr in FY2025-26. The acquisition enhances capabilities in metallic bellows and flexible tubing assemblies, adjacent to Unimech's precision manufacturing.

  • ·Date of announcement: April 22, 2026 at 06:53 P.M.
  • ·Acquisition completion indicative timeframe: within 7 days
  • ·Consideration to be paid in cash (one or more tranches); equity shares and CCDs issued at par (Rs. 10/- each)
  • ·No related party transaction; no promoter/group interest in target
  • ·No governmental/regulatory approvals required
  • ·Hobel Bellows Private Limited incorporated January 09, 2026
  • ·Hobel Bellows Co. registered April 04, 2007
Lumax Auto Technologies LimitedMerger/Acquisitionneutralmateriality 8/10

22-04-2026

Lumax Auto Technologies Limited disclosed under Regulation 30 that the Hon'ble NCLT, New Delhi Bench, has reserved its order on the Second Motion petition for the Scheme of Amalgamation between IAC International Automotive India Private Limited (Transferor Company) and Lumax Auto Technologies Limited (Transferee Company) vide order dated April 15, 2026, received on April 22, 2026. The pronouncement date of the final order is yet to be listed by the NCLT. No specific objections were raised by the Official Liquidator, SEBI, or Income Tax Department following the petitioner's affidavit responses.

  • ·Previous communication on the Scheme dated February 18, 2026
  • ·NCLT hearing involved representations from SEBI, Official Liquidator, Income Tax Department, and Regional Director
  • ·Order available on company website: www.lumaxworld.in/lumaxautotech
Intec Capital LimitedMerger/Acquisitionneutralmateriality 8/10

22-04-2026

Sanjeev Goel, a member of the promoter/promoter group of Intec Capital Limited, acquired 22,53,078 shares (12.26% of total share/voting capital) through an inter-se transfer on April 22, 2026, increasing his holding in shares carrying voting rights from 12,44,464 shares (6.78%) to 34,97,542 shares (19.04%). The total equity share capital and total diluted share/voting capital of Intec Capital Limited remain unchanged at Rs. 18,36,62,500/-. This is a mandatory disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

  • ·Mode of acquisition: Inter-se transfer
  • ·Shares listed on: BSE Limited
  • ·No shares in encumbrance, other voting rights, or convertible securities held before or after
  • ·Digitally signed in New Delhi on 2026.04.22
Intec Capital LimitedMerger/Acquisitionneutralmateriality 8/10

22-04-2026

Sanjeev Goel acquired 22,53,078 equity shares of Intec Capital Limited from India Business Excellence Fund-IIA at INR 11 per share, totaling INR 2,47,83,858 via an off-market inter-se promoter transfer on 22.04.2026, increasing his stake from 12,44,464 shares (6.78%) to 34,97,542 shares (19.04%). The seller's stake decreased from 31,58,000 shares (17.19%) to 9,04,922 shares (4.92%). The transaction is exempt from open offer under Regulation 10(1)(a)(ii) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

  • ·Prior disclosure of proposed acquisition under regulation 10(5) filed on 23.03.2026
  • ·Shares listed on BSE Limited
  • ·Exemption under Regulation 10(1)(a)(ii) of SEBI Takeover Regulations
Retaggio Industries LimitedMerger/Acquisitionpositivemateriality 7/10

22-04-2026

Retaggio Trading Services LLP, a promoter group entity, acquired 4,62,000 equity shares of Retaggio Industries Ltd (Scrip Code: 544391) on April 21, 2026, through conversion of convertible warrants at a face value of Rs. 10/- each and premium of Rs. 16/- per warrant, increasing its voting stake from 28.47% to 30.22%. The diluted stake remained flat at 31.70%, with remaining warrants at 52,80,000 (15.22% diluted). This raised the company's equity share capital from ₹18,43,81,600 to ₹18,90,01,600, with total diluted capital at ₹34,67,61,600.

  • ·Mode of acquisition: Preferential Allotment pursuant to Conversion of Warrants (1:1 ratio)
  • ·Warrant exercise period: Any time within 18 months, no redemption applicable
  • ·DPIN: 02634124
  • ·LLPIN: ABA-7624
Bengal Tea & fabrics Ltd.Merger/Acquisitionpositivemateriality 8/10

22-04-2026

Bengal Tea & Fabrics Limited's Board approved a Memorandum of Understanding with Mcleod Russell India Limited on April 22, 2026, for the cash acquisition of Nya Gogra Tea Estate in Assam at approximately ₹45.00 Cr to enhance production, turnover, and profitability. The deal requires approvals from National Asset Reconstruction Company Limited (NARCL), J C Flowers Asset Reconstruction Private Limited (JCF), and Assam Tea Employees Provident Fund Organisation (ATEPFO), with completion targeted by May 15, 2026. No related party transactions or promoter interests are involved.

  • ·Not a related party transaction; no promoter/promoter group/group company interest.
  • ·Industry: Tea & Coffee.
  • ·Cash consideration only.
  • ·Percentage of shareholding/control acquired: Not applicable.
Gemstone Investments Ltd.Merger/Acquisitionneutralmateriality 3/10

22-04-2026

Gemstone Investments Ltd (BSE: 531137) has received a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Mahevarsh Fincon Pvt Ltd. This filing indicates an intention or initial acquisition of shares crossing the 5% threshold or a 2% change thereafter in the company's shares. No specific details on share counts, percentages, deal value, or transaction terms are disclosed in the filing.

  • ·BSE Code: 531137
  • ·Source: BSE
  • ·Sector: technology
T & I Global Ltd.Merger/Acquisitionneutralmateriality 3/10

22-04-2026

T & I Global Ltd has filed a disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011, indicating that the Exchange received a corresponding disclosure from Counter Cyclical Investments Pvt Ltd. No specific details on acquisition size, parties' roles, valuation, or transaction structure are provided in the filing. This is purely an informational SAST compliance filing with no quantitative metrics or financial impacts disclosed.

Arvind LimitedMerger/Acquisitionpositivemateriality 4/10

22-04-2026

Arvind Limited has incorporated a new subsidiary, Arvind Atelier (FZC), in Sharjah Airport International Free Zone (SAIF Zone), U.A.E., on April 20, 2026, for ready-made garments trading and textile trading. The company will subscribe to 80 out of 100 shares with cash consideration, representing control with total share capital of AED 1500; subscription cost and exact investment details are pending. No financial impact or approvals required disclosed.

  • ·Information received by Arvind Limited on April 22, 2026, at 11:15 a.m. IST
  • ·No governmental or regulatory approvals required for incorporation
  • ·Filing reference: AL/SECT/2026-27/02
BDH Industries Ltd.Merger/Acquisitionneutralmateriality 2/10

22-04-2026

BSE received a disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, for BDH Industries Ltd. (524828) from Purnima Hingorani on April 22, 2026. No specific details on shareholding changes, transaction value, parties involved, or any quantitative metrics were provided in the filing. This is an informational SAST compliance disclosure with no further context on merger or acquisition activity.

VA Tech Wabag LimitedMerger/Acquisitionpositivemateriality 4/10

22-04-2026

VA Tech Wabag Limited has incorporated a new Wholly Owned Subsidiary (WOS), North Chennai Tru Water Private Limited, effective April 1, 2026, with an initial paid-up capital of INR 1,00,000 (10,000 equity shares of INR 10 each). The subsidiary will focus on the Refurbishment, Finance, Operate, Maintain and Transfer (RFOMT) of a 45 Million Litres per Day (MLD) Tertiary Treatment Reverse Osmosis (TTRO) Plant at Kodungaiyur, Chennai, Tamil Nadu, in the waste water treatment industry. No operations have commenced yet, resulting in nil turnover.

  • ·Certificate of Incorporation received on April 22, 2026
  • ·Registered with Registrar of Companies, Chennai, India
  • ·100% equity shares held by VA Tech Wabag Limited
  • ·CIN of parent: L45205TN1995PLC030231
Studds Accessories LimitedMerger/Acquisitionpositivemateriality 6/10

22-04-2026

The Board of Directors of Studds Accessories Limited, at its meeting on April 22, 2026, approved the incorporation of a Wholly Owned Subsidiary (WOS) in Italy, Europe, replacing the earlier plan for Spain approved on November 26, 2025. The WOS will have capital up to EUR 1,000,000, with the Company subscribing to 100% shareholding via cash consideration, focusing on importation, distribution, marketing, and sales of Company products in Europe to strengthen global presence. No financial impacts or performance metrics were disclosed.

  • ·Board meeting commenced at 04:20 P.M. and concluded at 05:05 P.M. on April 22, 2026
  • ·Previous approval for WOS in Spain on November 26, 2025
  • ·Incorporation subject to approvals from relevant statutory authorities including European Authorities
  • ·Promoters/promoter group have no interest in the transaction except as related party
L&T Technology Services LimitedCorporate Actionpositivemateriality 9/10

22-04-2026

The Board of L&T Technology Services Limited approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, with an unmodified audit opinion from M S K A & Associates. The Board recommended a final dividend of Rs. 40 per equity share (face value Rs. 2) for FY 2025-26, subject to shareholder approval at the 14th AGM scheduled for June 1, 2026, with record date May 22, 2026. Additionally, the Board approved re-appointment of internal auditors Aneja & Associates, re-appointment of Alind Saxena as Executive Director & President, and appointments of Rajeev Gupta as Executive Director & CFO and Amitabh Kant as Independent Director.

  • ·Board meeting held on April 22, 2026, from 4:15 p.m. to 5:45 p.m. IST.
  • ·14th AGM on Monday, June 1, 2026 at 3:30 p.m. IST via VC/OAVM.
  • ·Re-appointment of Aneja & Associates as internal auditors from May 3, 2026 to May 2, 2027.
  • ·Alind Saxena re-appointment from April 26, 2026 to April 25, 2029 (3 years).
  • ·Rajeev Gupta appointment from April 22, 2026 to April 21, 2029 (3 years).
  • ·Amitabh Kant appointment from April 22, 2026 to April 21, 2031 (5 years).
Darjeeling Ropeway Company LtdMerger/Acquisitionneutralmateriality 4/10

22-04-2026

Darjeeling Industries Limited (formerly Darjeeling Ropeway Company Limited) has incorporated a new subsidiary, Novva Defence Iinds Limited, on January 30, 2026, with authorised share capital of ₹10,00,000 and paid-up share capital of ₹9,99,600, holding 99.64% stake via cash subscription at face value. The subsidiary, registered in Rajkot, Gujarat, will engage in manufacturing industrial products like pumps, valves, and defence equipment including arms, military vehicles, and related services. No prior financials or operational data available as it is newly incorporated with no turnover.

  • ·Subsidiary CIN not provided; registered address: 203 Krishna Conarc-1 Nr, Suvidha Hospital Uni. Rd, Rajkot Sau Uni Area, Rajkot, Gujarat, India, 360005
  • ·Subscription by parent directors Mr. Ashok Jain and Viha Jain; done at arm's length
  • ·No governmental approvals required beyond MCA incorporation; no indicative completion timeline as already incorporated
  • ·Parent CIN: L45202MH1936PLC294011; Security ID: DARJEELING / Script Code: 539770
Axentra Corp LtdMerger/Acquisitionneutralmateriality 9/10

22-04-2026

Green Horizon Fund PCC - CELL 1 acquired 25,00,000 equity shares (12.69% stake) in Axentra Corp Limited through preferential allotment on 14/04/2026, increasing its holding from nil to 12.69%. This doubled the company's equity share capital from Rs. 9,70,00,000 (97,00,000 shares of Rs. 10 each) to Rs. 19,70,00,000 (1,97,00,000 shares of Rs. 10 each). The disclosure was filed with BSE on 21/04/2026 under SEBI Regulation 29(1).

  • ·Mode of acquisition: Preferential Allotment
  • ·Acquired shares rank pari passu with existing equity shares in all respects including dividend
  • ·Acquirer is not part of Promoter/Promoter group
  • ·Acquirer PAN: AAMCG2742G
Kshitij Investments LtdMerger/Acquisitionmixedmateriality 9/10

22-04-2026

Promoter Mr. Rohit Agrawal acquired 46,70,000 equity shares (46.70% of post-issue capital) of Manglam Global Corporations Limited (formerly Kshitij Investments Limited) via preferential allotment on April 17, 2026, increasing his holding from 19,24,000 shares (61.03% of pre-issue total capital) to 65,94,000 shares (65.94% post-issue). The company's total equity capital expanded from 31,52,400 shares to 1,00,00,000 shares of Rs. 10 face value each, resulting in significant dilution for existing non-promoter shareholders. Disclosure under SEBI Takeover Regulations 29(2) was submitted to BSE on April 21, 2026.

  • ·Scrip Code: 503626
  • ·Persons Acting in Concert (PAC): Rahul Agrawal
  • ·Mode of acquisition: Preferential Allotment
  • ·Face value: Rs. 10/- per equity share
  • ·Disclosure regulation: SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 - Reg 29(2)
7SEAS ENTERTAINMENT LIMITEDMerger/Acquisitionneutralmateriality 3/10

22-04-2026

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, for Lingamaneni Anirudh pertaining to 7Seas Entertainment Ltd (BSE: 540874). This filing indicates a change in shareholding or voting rights by the individual that crosses specified thresholds (typically 5% or 2% change). No details on deal structure, share count, stake percentage, valuation, or direction (acquisition/disposal) were provided.

Confidence Petroleum India LimitedMerger/Acquisitionneutralmateriality 6/10

22-04-2026

Promoter group member NEELA KHARA acquired 8344164 fully paid-up equity shares (2.51% of total) in Confidence Petroleum India Limited by way of transmission due to the death of Mr. Nalin Khara, increasing her holding from 2301855 shares (0.69%) to 10646019 shares (3.20%). The transaction occurred on 16.03.2026, with disclosures filed under SEBI (SAST) Regulation 29(2) and SEBI (PIT) Regulation 7(2) read with 6(2). Total equity share capital of the company remains unchanged at 332241043 shares of Rs. 1 each.

  • ·Mode of acquisition: Transmission due to death
  • ·Date of acquisition: 16.03.2026
  • ·Stock exchanges: Bombay Stock Exchange (BSE, Scrip Code: 526829), National Stock Exchange (NSE, Trading Symbol: CONFIPET)
  • ·No change in total diluted share/voting capital
Hannah Joseph Hospital LtdMerger/Acquisitionneutralmateriality 2/10

22-04-2026

BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Capital Square Financial Services Pvt Ltd for Hannah Joseph Hospital Ltd (BSE: 544687). No quantitative details such as share acquisition volume, percentage change in holding, transaction value, or strategic rationale are provided in the filing. This is an informational SAST compliance disclosure with no financial or operational metrics mentioned.

AVI PRODUCTS INDIA LIMITEDMerger/Acquisitionneutralmateriality 3/10

22-04-2026

Avi Products India Ltd (BSE: 523896) has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received from PPMS Real Estates LLP. No details on acquisition size, shareholding changes, valuation, or transaction structure are provided in the filing. This is an informational SAST disclosure indicating a potential substantial acquisition or change in shareholding.

Prima Plastics Ltd.Merger/Acquisitionneutralmateriality 8/10

22-04-2026

The National Company Law Tribunal sanctioned the Scheme of Arrangement on March 16, 2026, for the demerger of Prima Plastics Limited's Rotational Moulding Business to Prima Innovation Limited, effective March 31, 2026, with an appointed date of July 1, 2024. Prima Innovation Limited allotted 1,10,00,470 equity shares (face value ₹5 each) to Prima Plastics shareholders on record date April 17, 2026, in the ratio of 1:1 adjusted for face value. Shareholders are guided to apportion their cost of acquisition as 59% to Prima Plastics Limited shares and 41% to Prima Innovation Limited shares for tax purposes.

  • ·NCLT Ahmedabad Bench Order dated March 16, 2026, sanctioning the Scheme under Sections 230-232 of Companies Act, 2013.
  • ·Appointed Date: July 1, 2024.
  • ·Record Date for share allotment: April 17, 2026.
  • ·Allotment ratio: 1 fully paid-up equity share of PIL (₹5 face value) for every 1 fully paid-up equity share of Prima Plastics (₹10 face value).
  • ·Tax note: Allotment not regarded as transfer per Section 47(vid) of Income Tax Act; acquisition date carried over per Section 2(42A).
Prima Plastics Ltd.Merger/Acquisitionneutralmateriality 8/10

22-04-2026

Prima Plastics Ltd. (Scrip Code: 530589, Symbol: PRIMAPLA) disclosed copies of newspaper advertisements published on April 22, 2026, in Financial Express (English) and Vartman Pravah (Gujarati), pursuant to Regulations 30 and 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The advertisements relate to a merger/acquisition event requiring public notice. No financial metrics or performance data were provided in the filing.

  • ·Advertisements published in Financial Express (English) and Vartman Pravah (Gujarati)
  • ·Filing submitted to BSE Listing Centre, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai
Sanchay Finvest LtdMerger/Acquisitionneutralmateriality 3/10

22-04-2026

Sanchay Finvest Ltd (BSE: 511563) has made a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, pertaining to Shankar Dayal Singh. No details on acquisition size, shareholding changes, valuation, or transaction structure are provided in the filing.

Hindustan Foods LimitedMerger/Acquisitionpositivemateriality 9/10

22-04-2026

The Board of Directors of Hindustan Foods Limited approved and took on record the NCLT Mumbai Bench order dated February 25, 2026 (certified copy received March 6, 2026) sanctioning the Scheme of Arrangement involving demerger from Avalon Cosmetics Private Limited and amalgamation of Vanity Case India Private Limited into HFL. The Board fixed Friday, May 8, 2026 as the Record Date to determine eligible shareholders entitled to receive new equity shares of HFL. Under the scheme, 19 fully paid-up equity shares of HFL (face value INR 2 each) will be issued for every 100 equity shares of ACPL (face value INR 10 each), and 4,64,58,145 equity shares of HFL (face value INR 2 each) will be issued to VCIPL shareholders.

  • ·NCLT Mumbai Bench order sanctioning the Scheme dated February 25, 2026; certified copy received March 6, 2026.
  • ·Previous announcements by the Company on February 26, 2026 and April 1, 2026 regarding the Scheme.
  • ·Scheme governed under Sections 230 to 232 of the Companies Act, 2013.
  • ·Company website for NCLT order: www.hindustanfoodslimited.com
Ind-Swift Laboratories LimitedMerger/Acquisitionneutralmateriality 8/10

22-04-2026

Ind-Swift Laboratories Limited disclosed on April 22, 2026, a notice received from HCP Investments on April 21, 2026, under SEBI Regulation 29(2) of the Substantial Acquisition of Shares and Takeover Regulations, 2011, regarding the disposal of 6,503,423 equity shares representing 7.5% of the company's total paid-up share capital. This substantial share disposal by HCP Investments was forwarded to BSE and NSE for record. No financial performance metrics or period comparisons were provided in the filing.

  • ·ISIN: INE915B01019
  • ·BSE Scrip Code: 532305
  • ·NSE Symbol: INDSWFTLAB
Enviro Infra Engineers LimitedMerger/Acquisitionpositivemateriality 8/10

22-04-2026

EIE Renewables Private Limited, a wholly owned subsidiary of Enviro Infra Engineers Limited, acquired 49% equity stake in PRA Bihar Bess Private Limited (an SPV for a 37.5 MW / 150 MWh Battery Energy Storage System project in Bihar) for ₹15,51,00,000, with an option to acquire the remaining 51% within 60 days of the project's Commercial Operation Date. The acquisition strengthens the company's renewable energy portfolio, with proposed capex of approx. ₹150 Crore funded internally and via loans, supported by a 12-year BESPA at ₹4,44,000/MW/month and VGF up to ₹27 lakh per MWh. The target company, incorporated on 21st August 2025, has nil turnover as operations are yet to commence.

  • ·Target company incorporation date: 21st August 2025
  • ·Acquisition completion indicative timeframe: On or before 31st May 2027
  • ·Remaining 51% acquisition trigger: Within 60 days from Commercial Operation Date (COD)
  • ·Turnover of target company: Nil (newly incorporated, operations pending)
  • ·Project funding: Internal sources by EIE Renewables plus term loans from Banks/FIs
  • ·Not a related party transaction; no promoter group interest
SWOJAS FOODS LIMITEDMerger/Acquisitionneutralmateriality 3/10

22-04-2026

BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Dealmoney Commodities Pvt Ltd pertaining to Swojas Foods Ltd (BSE: 530217). This filing indicates an intention to acquire shares that may cross 5% shareholding threshold or result in a 2% change thereafter. No quantitative details such as deal size, share count, percentage stake, valuation, or transaction structure are disclosed.

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