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India Technology Sector Merger & Acquisition Filings — April 30, 2026

India Tech M&A Activity

35 medium priority35 total filings analysed

Executive Summary

The 35 filings reveal a surge in India Tech M&A activity, with 12 completions on/around April 30, 2026 (e.g., Anant Raj, 360 ONE, Samvardhana Motherson, Polyplex), emphasizing wholly-owned subsidiaries and strategic stakes in digital, solar, and manufacturing tech-adjacent firms. Positive sentiment dominates (18/35 filings), driven by international expansions (Brazil via Poly Medicure, UAE via Empower India, Dubai via Dr Lal) and promoter stake builds (e.g., Vraj to 71.36%, Retaggio to 31.42%). Period-over-period data is sparse but mixed: FEPL sales -2.1% YoY to Rs322.5Cr but net worth +12.7% YoY to Rs173.15Cr; KRKA turnover Rs10.47M in FY26 from nil prior. Capital allocation trends show shareholder returns via dividends (Dr Lal Rs4/share, Newgen Rs6, Kajaria Rs6 + Rs297Cr buyback at 15.6% premium). Delays in 5 deals (e.g., BLS to July 31, Sportking SCOD to May 31) flag execution risks, but overall portfolio-level M&A momentum suggests sector consolidation and growth conviction. Insider activity bullish with 7.61% stake build in Kuber Udyog by non-promoter fund. Key implication: Tech M&A as alpha driver amid domestic/export focus.

Tracking the trend? Catch up on the prior India Technology Sector Merger & Acquisition Filings digest from April 23, 2026.

Investment Signals(12)

  • Completed 25% stake acquisition in Romano Projects making it WOS on Apr 30, 2026, following Apr 27 intimation

  • Acquired 100% Quark Solar making step-down WOS on Apr 30, 2026, post SPA on Apr 20

  • Signed SPA for 30% in FEPL (Rs129.6Cr) + option for 20%+1; target sales -2.1% YoY but net worth +12.7% YoY

  • Signed term sheet for majority stake in UAE MABIL via equity swap for Middle East expansion

  • Completed 51% acquisition in Nissin India making indirect WOS on Apr 30

  • Polyplex(BULLISH)

    Completed 51% acquisition in TPPPL for Rs62.1Cr on Apr 30, post Mar 25 SPA

  • WOS acquired 100% MEDYNEO (Brazil) for R$180k on Apr 29, gaining medical device licenses

  • Approved €9.8M additional investment in JV KRKA (turnover Rs10.47M FY26 from nil) for new facility capex

  • Dr. Lal PathLabs(BULLISH)

    Approved 100% Shahbazkers acquisition + Dubai WOS incorporation; Q4/FY26 results + Rs4 dividend (record Jun 26)

  • Promoter group stake +17% to 71.36% via merger-sanctioned inter-se transfer on Mar 27

  • Promoter LLP converted warrants, stake +1.2% to 31.42% on Apr 29

  • FY26 results + Rs6 dividend + Rs297Cr buyback (15.6% premium) + Rs50Cr CCPS acquisition

Risk Flags(10)

Opportunities(10)

  • 30% stake at Rs129.6Cr (implied EV ~Rs432Cr on Rs173Cr net worth), enhances machining for exports [Strategic Growth]

  • Cross-border majority in MABIL via equity swap, unlocks Middle East tech connectivity [International Alpha]

  • Dormant MEDYNEO acquisition provides import licenses, low-cost R$180k entry to medtech market [Geographic Expansion]

  • €9.8M rights issue for greenfield facility, maintains 49% stake in nascent JV (FY26 turnover Rs10.47M) [Capex Upside]

  • Dr. Lal PathLabs/Dubai Sub

    New FZCO incorporation + Shahbazkers WOS for diagnostics expansion [Inorganic Growth]

  • Altitude Fund acquired 7.61% (261k shares) open market Apr 13-28, from nil [Insider Conviction]

  • Rs297Cr at Rs1380/share (15.6% premium to Apr 21 close), 15% reserved for small shareholders [Return Opportunity]

  • Q4/FY26 strong results implied + Rs6 dividend (record Jul 17), AGM Jul 24 [Earnings Catalyst]

  • WOS Marvel acquired 74% each in EPSMPL/SIPL on Apr 30, parking/infra synergies [Diversification Play]

  • Promoter to 71.36% exempt from open offer, stable control post-merger [Stability Alpha]

Sector Themes(6)

  • Wholly-Owned Subsidiary Wave

    9/35 filings (26%) report WOS completions/incorporations (Anant Raj, 360 ONE, Samvardhana Motherson, Dr Lal), signaling control-focused consolidation vs minority stakes [Control & Integration]

  • Promoter/Insider Stake Builds

    6 cases with >5% increases (Vraj +17%, Kuber 7.61% fund buy, Retaggio +1.2%), avg +9% change, indicating conviction amid M&A [Management Alignment]

  • Deal Delays Common

    5/35 (14%) delayed 1-3 months (Sportking +1m, BLS +3m, Senco +2m, Amber revision), execution risks but no cancellations [Monitor Timelines]

  • Capital Returns Surge

    4 companies announce dividends (Dr Lal Rs4, Newgen/Kajaria Rs6) +1 buyback (Kajaria Rs297Cr), post strong FY26 results, yield ~1-2% [Shareholder Focus]

  • International M&A Push

    4 cross-border (Brazil Poly Medicure, UAE Empower, Dubai Dr Lal, Japan-derived Nissin), low-cost entries to licenses/markets [Global Footprint]

  • Target Metrics Mixed

    Sparse data shows sales softness (FEPL -2.1% YoY) but balance sheet strength (net worth +12.7% YoY, KRKA from nil to Rs10.47M), strategic buys undervalued [Bargain Hunting]

Watch List(8)

Filing Analyses(35)
Sportking India LimitedMerger/Acquisitionnegativemateriality 3/10

30-04-2026

Sportking India Limited disclosed an update under Regulation 30 of SEBI (LODR) regarding its Solar Power Purchase Agreement with M/s Evincea Renewable Seven Private Limited (SPV) for solar power supply to its Punjab facilities. The Scheduled Commercial Operation Date (SCOD), previously expected on or before April 2026, has been extended by one month to on or before 31st May 2026 due to ongoing technical processes in project implementation. All other terms and conditions remain unchanged.

  • ·Script Code: 539221
  • ·Symbol: SPORTKING
  • ·Earlier references: Intimation dated 02nd August 2025 and 05th March 2026
  • ·Company website: www.sportking.co.in
Anant Raj LimitedMerger/Acquisitionpositivemateriality 8/10

30-04-2026

Anant Raj Limited completed the acquisition of 12,500 fully paid-up equity shares, representing 25% of the paid-up equity share capital of Romano Projects Private Limited on April 30, 2026. This transaction makes Romano Projects Private Limited a Wholly Owned Subsidiary of Anant Raj Limited, following an earlier intimation on April 27, 2026. No financial terms or performance impacts were disclosed in the filing.

  • ·Filing reference: ARL/CS/13564
  • ·Earlier intimation reference: ARL/CS/13562 dated April 27, 2026
  • ·NSE scrip code: ANANTRAJ
  • ·BSE scrip code: 515055
  • ·Company CIN: L45400HR1985PLC021622
TAKYON NETWORKS LIMITEDMerger/Acquisitionneutralmateriality 3/10

30-04-2026

Takyon Networks Limited submitted a Compliance Certificate under Regulation 7(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, to BSE Limited, confirming that all physical and electronic share transfer facilities for the financial year ended March 31, 2026, were maintained by the registered Registrar and Share Transfer Agent, M/s. Cameo Corporate Services Limited. The certificate verifies the RTA's SEBI registration (INR000003753) and compliance with Regulation 7(2). No financial metrics or performance data are disclosed.

  • ·RTA CIN: U67120TN1998PLC041613
  • ·RTA address: Subramanian Building No.1, Club House Road, Chennai, Tamil Nadu-600002
  • ·SEBI RTA Registration No: INR000003753
  • ·Scrip Code: 544471
Bharat Forge LimitedMerger/Acquisitionmixedmateriality 8/10

30-04-2026

Bharat Forge Limited has signed a Share Purchase Agreement and Shareholders’ Agreement to acquire 30% stake in Fortuna Engineering Private Limited (FEPL) for Rs. 129.60 Crores, with an option to acquire additional up to 20% + 1 stake for majority control, subject to conditions and approvals. FEPL, engaged in machining connecting rods, camshafts, and fixtures, reported sales decline to Rs. 322.50 Crores in FY2025 from Rs. 329.52 Crores in FY2024 (-2.1% YoY) and Rs. 342.93 Crores in FY2023, though net worth grew to Rs. 173.15 Crores (+12.7% YoY). The acquisition aligns with Bharat Forge's strategy to enhance machining capabilities and support growth in domestic and export markets.

  • ·FEPL incorporated in 1989, located in Nashik, India, with business presence only in India.
  • ·Acquisition to be completed in tranches, subject to conditions precedent, governmental approvals, and commercial parameters.
  • ·FEPL not a related party; no promoter/promoter group interest.
360 ONE WAM LIMITEDMerger/Acquisitionpositivemateriality 8/10

30-04-2026

360 ONE Alternates Asset Management Limited, a wholly owned subsidiary of 360 ONE WAM LIMITED, completed the acquisition of the entire fully paid-up equity share capital of Quark Solar Private Limited on a fully diluted basis on April 30, 2026. Quark Solar has become a wholly owned subsidiary of the Acquirer and a step-down wholly owned subsidiary of 360 ONE WAM LIMITED effective April 30, 2026. This follows the execution of the Share Purchase Agreement on April 20, 2026, with prior disclosures made pursuant to SEBI regulations.

  • ·Quark Solar CIN: U51397MH1998PTC115885
  • ·Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • ·Prior intimation and disclosures dated April 20, 2026, per Annexure 18 of SEBI Master Circular
HP Adhesives LimitedMerger/Acquisitionneutralmateriality 4/10

30-04-2026

HP Adhesives Limited's Promoters and Promoter Group hold 6,55,50,675 equity shares, representing 71.35% of the paid-up capital as of March 31, 2026. No promoter or promoter group shares are encumbered directly or indirectly. This annual disclosure was filed on April 30, 2026, pursuant to Regulations 31(4) and 31(5) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

  • ·Script codes: HPAL (NSE), 543433 (BSE)
Empower India LimitedMerger/Acquisitionpositivemateriality 9/10

30-04-2026

Empower India Limited (EIL) announced the signing of a term sheet for the strategic cross-border acquisition of a majority stake in UAE-based MABIL via an all-equity share swap arrangement. The deal aims to enhance EIL's geographic presence in the Middle East and strengthen international business connectivity, subject to due diligence, definitive agreements, and regulatory approvals. Specific transaction details, including share swap ratio and quantum of shares, will be disclosed to stock exchanges as the process advances.

  • ·Filing Date: April 30, 2026
  • ·Script Code: 504351
  • ·CIN: L51900MH1981PLC023931
  • ·Transaction structured as all-equity share swap
Samvardhana Motherson International LimitedMerger/Acquisitionpositivemateriality 8/10

30-04-2026

Samvardhana Motherson International Limited completed the acquisition of a 51% equity stake in Nissin Advanced Coating Indo Co. Private Limited (Nissin India) from Nissin Electric Co. Ltd, Japan, on April 30, 2026, following the initial disclosure on April 27, 2026. Post-completion, Nissin India has become an indirect wholly owned subsidiary of the Company. This update complies with Regulation 30(7) of SEBI (LODR) Regulations, 2015.

  • ·Previous disclosure dated April 27, 2026
  • ·CIN No.: L35106MH1986PLC284510
Samvardhana Motherson International LimitedMerger/Acquisitionneutralmateriality 4/10

30-04-2026

Samvardhana Motherson International Limited incorporated a wholly owned subsidiary, Motherson Digital Technologies Limited (MDTL), on April 30, 2026. MDTL will engage in software development, technical support, web services, internet solutions, and related IT fields outside the parent's main automotive business line. The initial authorised share capital is INR 1,000,000, comprising 1,00,000 equity shares of INR 10 each, fully held by the Company.

  • ·MDTL belongs to the Information Technology industry.
  • ·No related party transactions involved; no governmental approvals required.
  • ·Turnover not applicable as newly incorporated entity.
Polyplex Corporation LimitedMerger/Acquisitionpositivemateriality 8/10

30-04-2026

Polyplex Corporation Limited completed the acquisition of 51% of the share capital of TechNova Printrite Products Private Limited (TPPPL) for a total investment of ~INR 6,209.75 lakhs on April 30, 2026, following the execution of Share Purchase Agreement and Shareholders’ Agreement on March 25, 2026. TPPPL has become a subsidiary of Polyplex consequent to this transaction. The acquisition is subject to post-closing adjustments as per the Transaction Documents.

  • ·Disclosure under Regulation 30 of SEBI Listing Regulations
  • ·Scrip Code: 524051; Trading Symbol: POLYPLEX
  • ·Copy of disclosure posted on www.polyplex.com
Amber Enterprises India LimitedMerger/Acquisitionneutralmateriality 7/10

30-04-2026

Amber Enterprises India Limited received an NCLT order dated April 17, 2026, directing a revision of the 'Appointed Date' for the Scheme of Amalgamation of its wholly owned subsidiary Amberpr Technoplast India Private Limited from April 1, 2025, to April 1, 2026. The Merger & Amalgamation Committee of the Board approved this change on April 30, 2026, and the company will file the revised scheme with NCLT. Further updates will be provided to stock exchanges as required.

  • ·NCLT Chandigarh Bench Order No. CA(CAA) No. 11/Chd/Pb/2026
  • ·Order received on April 30, 2026
  • ·Earlier intimations dated October 22, 2024, and May 17, 2025
  • ·Committee meeting concluded at 19:10 P.M. IST on April 30, 2026
  • ·Scrip Code: 540902 (BSE), Symbol: AMBER (NSE), ISIN: INE371P01015
BLS E-Services LimitedMerger/Acquisitionneutralmateriality 7/10

30-04-2026

BLS E-Services Limited has updated on its binding offer to acquire 100% equity shares of Atyati Technologies Private Limited, originally announced on February 16, 2026, and March 31, 2026, with an initial expected completion by April 30, 2026. The acquisition remains pending approvals from lenders/banks and regulatory authorities, with completion now expected on or before July 31, 2026. No other changes or financial details were disclosed.

  • ·NSE Scrip Symbol: BLSE
  • ·BSE Scrip Code: 544107
  • ·Disclosure pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015
  • ·ICSI Membership No.: A-33753
Amber Enterprises India LimitedMerger/Acquisitionneutralmateriality 7/10

30-04-2026

Amber Enterprises India Limited (Amber) has received an order dated 17th April 2026 from the National Company Law Tribunal, Chandigarh Bench (Order No. CA(CAA) No. 11/Chd/Pb/2026), directing a revision of the 'Appointed Date' for the Scheme of Amalgamation of its wholly-owned subsidiary Amberpr Technoplast India Private Limited (AmberPR) from 01st April 2025 to 01st April 2026. The Merger & Amalgamation Committee of the Board approved this change on 30th April 2026 and will file the revised Scheme with the NCLT. The company will keep stock exchanges informed of further developments.

  • ·Order received on 30th April 2026
  • ·Merger & Amalgamation Committee meeting concluded at 19:10 P.M. IST on 30th April 2026
  • ·Earlier intimations dated 22nd October 2024 and 17th May 2025
  • ·Scrip Code: 540902 (BSE), Symbol: AMBER (NSE), ISIN: INE371P01015
Poly Medicure LimitedMerger/Acquisitionpositivemateriality 7/10

30-04-2026

Poly Medicure Limited's wholly-owned subsidiary, Polymed Brazil LIDA, completed the acquisition of 100% equity in MEDYNEO COMERCIO DE PRODUTOS PARA SAUDE LTDA for Brazilian Reais (R$) 180,000 cash consideration on April 29, 2026, making MEDYNEO a step-down subsidiary. This strategic move provides access to essential operating licenses for importation and commercialization of medical devices in Brazil. MEDYNEO is a dormant entity with no turnover, operations, employees, or liabilities.

  • ·MEDYNEO registered on July 24, 2025, in Brazil with no prior activities or turnover.
  • ·No governmental or regulatory approvals required for the acquisition.
  • ·Not a related party transaction; conducted at arm's length.
  • ·Information received by Poly Medicure Limited on April 30, 2026 at 6:00 P.M.
Laurus Labs LimitedMerger/Acquisitionpositivemateriality 8/10

30-04-2026

The Board of Directors of Laurus Labs Limited approved an additional investment of up to INR equivalent of €9,800,000 in its joint venture KRKA Pharma Private Limited on April 30, 2026, maintaining the existing 49% shareholding ratio with co-venturer KRKA d.d., Novo mesto, Slovenia, who will invest approximately €10,200,000. The funds will support KRKA's capex plan for establishing a new manufacturing facility, aligning with Laurus Labs' strategic growth objectives. KRKA, incorporated in April 2024, has authorised share capital of ₹370,00,00,000 and paid-up capital of ₹315,00,00,000, with turnover of ₹10.47 million in FY 2025-26.

  • ·KRKA Pharma Private Limited incorporated on April 12, 2024; yet to commence full business operations but currently providing R&D services.
  • ·Turnover history: 2023-24 (N/A), 2024-25 (Nil), 2025-26 (₹10.47 million).
  • ·Investment via cash consideration by subscribing to equity shares at face value of ₹10 each on rights issue basis.
  • ·Expected completion of investment during financial year 2026-27; no governmental approvals required.
  • ·Transaction qualifies as related party transaction (due to common directors) but conducted at arm's length; no promoter/promoter group interest in KRKA.
Dr. Lal Path Labs Ltd.Merger/Acquisitionpositivemateriality 8/10

30-04-2026

Dr. Lal PathLabs Ltd. approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026, with un-modified auditor opinion, and recommended a final dividend of INR 4 per equity share (40% on face value of INR 10). The board approved 100% acquisition of Shahbazkers Diagnostic Centre Private Limited (making it a wholly owned subsidiary) and incorporation of a new wholly owned subsidiary, Dr. Lal PathLabs FZCO, in Dubai. Additional approvals include re-appointments of key directors, designation of two senior management personnel, auditor re-appointments, and allotment of 82,750 equity shares under ESOP 2022, increasing paid-up capital to INR 1,67,63,77,700.

  • ·Record date for final dividend: June 26, 2026.
  • ·32nd AGM scheduled for July 25, 2026, via VC/OAVM.
  • ·Re-appointment of (Hony) Brig. Dr. Arvind Lal effective April 01, 2027; Mr. Rajit Mehta effective July 27, 2026.
  • ·Re-appointment of M/s Ernst & Young LLP as Internal Auditors and M/s A.G. Agarwal & Associates as Cost Auditors for FY 2026-27.
Kuber Udyog LimitedMerger/Acquisitionpositivemateriality 8/10

30-04-2026

Altitude Investment Fund PCC- Cell 1, a non-promoter entity, acquired 2,61,085 equity shares representing 7.61% of Kuber Udyog Limited's share capital through open market purchases between April 13 and 28, 2026. Prior to the acquisition, the acquirer held no shares (Nil %). The company's total equity share capital remains Rs. 3,43,30,000 divided into 34,33,000 equity shares of Rs. 10 each, with no change post-acquisition.

  • ·Detailed acquisitions: 13/04/2026 - 1,031 shares (0.03%); 15/04/2026 - 10,332 shares (0.30%); 16/04/2026 - 17,745 shares (0.52%); 17/04/2026 - 15,000 shares (0.44%); 20/04/2026 - 17,457 shares (0.51%); 21/04/2026 - 34,500 shares (1.00%); 27/04/2026 - 20 shares (0.00%); 28/04/2026 - 1,65,000 shares (4.81%).
  • ·Disclosure filed on 29/04/2026 to BSE.
  • ·Acquirer PAN: ABBCA0991P.
Kuber Udyog LimitedMerger/Acquisitionneutralmateriality 5/10

30-04-2026

Kuber Udyog Ltd (BSE: 539408), a technology sector company, has made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, pertaining to Hiten Shah. This filing indicates a substantial acquisition or disposal of shares by Hiten Shah that crossed specified shareholding thresholds. No details on transaction size, share counts, percentages, valuation, or strategic rationale are provided in the disclosure.

Aar Shyam India Investment Company LtdMerger/Acquisitionneutralmateriality 4/10

30-04-2026

Aar Shyam India Investment Company Ltd (BSE: 542377) has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, indicating that the Exchange received a corresponding disclosure from Guruomega Pvt Ltd. This regulation requires promoters to disclose intentions to encumber shares. No quantitative details such as pledged share count, percentage, value, purpose, or dates are provided in the filing.

Vraj Iron and Steel LimitedMerger/Acquisitionpositivemateriality 9/10

30-04-2026

Gopal Sponge and Power Private Limited, part of the promoter group of Vraj Iron and Steel Limited, acquired 55,55,500 equity shares (16.84% of diluted share capital) from V A Transport Private Limited via off-market inter-se transfer pursuant to a scheme of merger sanctioned on 18th March 2026. This increased Gopal Sponge's shareholding in Vraj Iron and Steel from 1,79,82,900 shares (54.52%) to 2,35,38,400 shares (71.36%). The transaction qualifies for exemption from open offer under Regulation 10(1)(d)(iii) of SEBI (SAST) Regulations, 2011.

  • ·Acquisition executed on 27th March 2026 through delivery instruction slip (DIS)
  • ·Merger scheme sanctioned by Hon'ble Regional Director, South East Region Directorate, Hyderabad, vide Order dated 18th March 2026
  • ·Kirti Ispat Private Limited and Utkal Ispat Private Limited held no shares in Vraj Iron and Steel prior to merger
  • ·Disclosure filed on 29 April 2026 to BSE and NSE
LAKE SHORE REALTY LIMITEDMerger/Acquisitionnegativemateriality 8/10

30-04-2026

Al Maha Investment Fund PCC-ONYX STRATEGY, along with persons acting in concert, disclosed the sale of 799,941 shares (22.8508% of total share capital) in Lake Shore Realty Ltd (formerly Known Mahaan Foods Limited) via a Share Purchase Agreement on April 28-29, 2026, reducing their aggregate holding from 22.8508% to nil. The seller specifically disposed of 155,000 shares (4.4276%). Note that 1,035,000 shares remain in an escrow account and have not yet been transferred.

  • ·Disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
  • ·Mode of acquisition: Through Share Purchase Agreement (inter-se transfer)
  • ·Filing place and date: Mauritius, April 29, 2026
Retaggio Industries LimitedMerger/Acquisitionpositivemateriality 6/10

30-04-2026

Retaggio Trading Services LLP, a promoter entity, was allotted 3,30,000 equity shares of Rs. 10/- each at a premium of Rs. 16/- per share on April 29, 2026, pursuant to conversion of convertible warrants on a 1:1 basis in Retaggio Industries Ltd (Scrip Code: 544391). This increased its holding of shares carrying voting rights from 57,12,000 (30.22% of total share capital) to 60,42,000 (31.42%), while warrants decreased from 52,80,000 to 49,50,000, keeping total potential holding at 1,09,92,000 (31.70% diluted). The company's equity share capital rose from Rs. 18,90,01,600 to Rs. 19,23,01,600, with total diluted capital at Rs. 34,67,61,600.

  • ·Warrants exercisable within 18 months from issuance, no redemption applicable.
  • ·Mode of acquisition: Preferential Allotment pursuant to Conversion of Warrants.
  • ·Acquirer DPIN: 02634124; LLPIN: ABA-7624.
Om Power Transmission LtdMerger/Acquisitionneutralmateriality 8/10

30-04-2026

CRAFT Emerging Market Fund PCC - Citadel Capital Fund, acting in concert with CRAFT Emerging Market Fund PCC - Elite Capital Fund, acquired 1,725,381 equity shares (5.03% of total share/voting capital) of OM Power Transmission Limited via open market on April 16, 2026. Prior to the acquisition, their holding was nil across all categories. Post-acquisition, their holding remains 1,725,381 shares (5.03%) with no voting rights otherwise than by shares, warrants, convertibles, or encumbrances.

  • ·Disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
  • ·Shares listed on NSE
  • ·Mode of acquisition: Open Market
  • ·Filing date: April 30, 2026
  • ·Acquirer not part of Promoter/Promoter group
  • ·No encumbrances, warrants, or convertible securities involved
Arisinfra Solutions LimitedMerger/Acquisitionneutralmateriality 3/10

30-04-2026

ArisInfra Solutions Ltd (BSE: 544419) has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Neomile Corporate Advisory Ltd, indicating the latter's intention to acquire shares that could result in substantial shareholding (typically 5% or more). No details on transaction size, valuation, share count, percentage stake, or consideration were provided in the filing. This is an early-stage disclosure with no quantitative metrics or further context disclosed.

CROPSTER AGRO LIMITEDMerger/Acquisitionneutralmateriality 3/10

30-04-2026

BSE received revised disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 from Nilratan Suppliers Pvt Ltd pertaining to Cropster Agro Ltd (BSE: 523105). No quantitative details such as share volumes acquired, percentage changes in shareholding, deal value, or transaction dates are disclosed in the filing. This is an informational regulatory update indicating a potential substantial change in shareholding.

Neogen Chemicals LimitedMerger/Acquisitionneutralmateriality 7/10

30-04-2026

Dr. Harin Haridas Kanani, promoter of Neogen Chemicals Limited, created a pledge on 13,19,083 equity shares (5% of paid-up capital) held by him, in favor of Axis Trustee Services Limited on March 30, 2026, to facilitate borrowing by promoter group entity Cadamba Solutions Private Limited from Avendus Structured Credit Fund III. This is a revised disclosure under Regulation 31(1) of SEBI (SAST) Regulations following a discrepancy notice from BSE dated April 27, 2026. No prior encumbrances were reported for these shares, resulting in post-event pledged holding of 13,19,083 shares (5%).

  • ·Haridas Kanani Family Trust holds 52,76,500 shares (20.00%).
  • ·Beena Kanani Family Trust holds 26,38,250 shares (10.00%).
  • ·Pallika Haridas Kanani holds 9,98,000 shares (3.78%).
Delta Corp LimitedMerger/Acquisitionpositivemateriality 8/10

30-04-2026

Marvel Resorts Private Limited (MRPL), a wholly owned subsidiary of Delta Corp Limited, completed the acquisition of 74% equity shares in Easymile Parking Solutions & Management Private Limited (EPSMPL) and 74% equity shares in Shanta Infratech Private Limited (SIPL) on April 30, 2026. This update follows the initial disclosure dated April 21, 2026, under Regulation 30 of SEBI Listing Regulations. No financial terms or performance metrics were disclosed in the filing.

  • ·Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • ·References SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024
Newgen Software Technologies LimitedCorporate Actionpositivemateriality 8/10

30-04-2026

The Board of Directors of Newgen Software Technologies Limited approved the audited standalone and consolidated financial results for the quarter and financial year ended 31st March 2026, with an unmodified audit opinion from M/s Walker Chandiok & Co LLP. They recommended a final dividend of Rs. 6 per equity share (60% on face value of Rs. 10) and fixed the record date as 17th July 2026, while scheduling the 34th AGM on 24th July 2026. The Board also re-appointed PricewaterhouseCoopers Services LLP as Internal Auditors and M/s Walker Chandiok & Co LLP as Statutory Auditors for a second 5-year term.

  • ·Board meeting held on 30th April 2026 from 11:05 A.M. to 11:55 A.M.
  • ·34th AGM to be held via Video Conferencing/Other Audio-Visual Means (VC/OAVM).
  • ·Statutory Auditors re-appointment from conclusion of 34th AGM to 39th AGM, subject to shareholder approval.
  • ·Internal Auditors re-appointment for FY 2026-2027.
Valecha Engineering Ltd-$Merger/Acquisitionneutralmateriality 9/10

30-04-2026

Valecha Engineering Limited disclosed substantial acquisitions under SEBI Regulation 29(1) of SAST, where Aether Perspectives LLP was allotted 99,13,211 equity shares (44% stake) and J K Solutions Private Limited was allotted 1,14,90,313 equity shares (51% stake) on 27.12.2024 as part of a NCLT-approved resolution plan dated 25.06.2024. Both acquirers belong to the promoter group with prior holdings at zero shares. Total equity share capital before and after remains 2,25,30,025 shares of Rs.10 each.

  • ·Allotments made pursuant to NCLT order dated 25.06.2024.
  • ·Disclosure letters dated 27.04.2026 from acquirers.
  • ·Equity shares have face value of Rs.10 each.
Newgen Software Technologies LimitedCorporate Actionpositivemateriality 8/10

30-04-2026

Newgen Software Technologies Limited's Board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026, with unmodified audit opinions from statutory auditors. The Board recommended a final dividend of ₹6 per equity share (60% on ₹10 face value), re-appointed internal auditors PricewaterhouseCoopers Services LLP for FY 2026-27, and statutory auditors Walker Chandiok & Co LLP for a second 5-year term subject to shareholder approval. The 34th AGM is scheduled for July 24, 2026 via VC/OAVM, with record date July 17, 2026 for dividend entitlement.

  • ·Board meeting held on April 30, 2026 from 11:05 A.M. to 11:55 A.M.
  • ·CIN: L72200DL1992PLC049074
  • ·Scrip Code: 540900 (BSE), NEWGEN (NSE)
  • ·Statutory auditors firm registration: 001076N/N500013
  • ·Internal auditors LLPIN: AAI-8885
Ganesh Benzoplast LimitedMerger/Acquisitionneutralmateriality 3/10

30-04-2026

Anil Kumar Dedhia, not part of the promoter group, disclosed the open market sale of 150,000 equity shares (0.21% of total) of Ganesh Benzoplast Limited on April 29, 2026, reducing his personal holding from 3,486,000 shares (4.84%) to 3,336,000 shares (4.63%). Together with Persons Acting in Concert (Sandhya Anil Dedhia, Anil V Dedhia (HUF), and Vasanji Shamji Dedhia (HUF)), their aggregate holding declined from 4,151,000 shares (5.76%) to 4,001,000 shares (5.56%). The company's total equity share capital remained unchanged at 71,989,421 shares of Re 1 each.

  • ·No shares in encumbrance, additional voting rights, warrants, or convertible securities held before or after.
  • ·Mode of sale: Open Market.
  • ·Disclosure filed on April 30, 2026, under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Softbpo Global Services Ltd.Merger/Acquisitionneutralmateriality 7/10

30-04-2026

Sobhagya Capital Options Private Limited submitted the Post-Offer Advertisement for their open offer to acquire up to 7,03,43,853 equity shares of Rs. 10/- each, representing 26.00% of the equity and voting share capital of IDREAM Film Infrastructure Company Limited (Scrip Code: 504375), at Rs. 10/- per fully paid-up equity share. The advertisement, dated April 25, 2026, was scheduled for publication on April 27, 2026, but released on April 29, 2026, due to an inadvertent error and published in Financial Express (English), JANSATTA (Hindi), and Pratahakal (Marathi). This fulfills regulation 18(12) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

  • ·CIN: U74899DL1994PTC060089
  • ·SEBI Regn No. MB/INM000008571
  • ·Scrip ID/BSE Code: 504375
  • ·Post-Offer Advertisement dated April 25, 2026
Suzlon Energy LimitedMerger/Acquisitionneutralmateriality 6/10

30-04-2026

The National Company Law Tribunal (NCLT), Ahmedabad Bench, approved the Scheme of Arrangement for Reorganisation and Reclassification of Reserves of Suzlon Energy Limited via order dated 29th April 2026. The scheme, effective from the Appointed Date of 30th September 2024 upon filing with the Registrar of Companies, Gujarat, adjusts the negative balance in Retained Earnings against Capital Reserve, Capital Contribution, Capital Redemption Reserve, Securities Premium, and General Reserve, followed by reclassification of the General Reserve to Retained Earnings. The actual accounting impact and disclosures will be presented in the audited financial statements for the year ended 31st March 2026.

  • ·NCLT order available on www.suzlon.com
  • ·Disclosure under Regulation 30 of SEBI Listing Regulations
  • ·Continuation of prior letters dated 28th October 2024 and 12th December 2025
Senco Gold LimitedMerger/Acquisitionneutralmateriality 6/10

30-04-2026

Senco Gold Limited provided an update on its approved investment in the equity share capital of August Jewellery Private Limited (AJPL), operating under the brand Melorra, with completion now delayed from April 30, 2026, to June 30, 2026, on the same terms as previously disclosed. The board approval was intimated on January 21, 2026, and the transaction process remains underway. No changes to other details from the prior disclosure.

  • ·Intimation pursuant to Regulation 30 read with Schedule III of SEBI LODR Regulations.
  • ·Details as per SEBI Master Circular updated January 30, 2026.
  • ·Intimation available on the company's website.
Kajaria Ceramics LimitedMerger/Acquisitionpositivemateriality 9/10

30-04-2026

Kajaria Ceramics' Board approved audited standalone and consolidated financial results for FY26 (quarter and year ended March 31, 2026) with unmodified auditor opinion and recommended a final dividend of Rs. 6 per equity share of Re. 1 face value. Key approvals include a buyback of up to 21.50 Lacs equity shares for Rs. 296.70 crores at Rs. 1380 per share (15.57-15.73% premium to April 21 closing), Srikalahasti plant expansion by 10 MSM for Rs. 210 Crores, subscription of preference shares in Kerovit Global Private Limited (FY26 turnover Rs. 36.11 crores but loss of Rs. 31.65 crores) for up to Rs. 45 crores, and acquisition of CCPS in Kajaria Bathware Private Limited (FY26 turnover Rs. 263.16 crores, PAT Rs. 1.12 crore) for Rs. 50 crores.

  • ·Final dividend subject to AGM approval, payable within 30 days of declaration
  • ·Buyback subject to shareholder special resolution via postal ballot; promoters intend not to participate; 15% reserved for small shareholders
  • ·Srikalahasti expansion to cater to southern market, expected completion by March 2027, financed by internal accruals
  • ·Kerovit Global subscription to improve debt-equity ratio; redeemable after 10 years
  • ·Kajaria Bathware CCPS acquisition provides exit to Aravali per 2018 SHA; indicative completion in 6 months
  • ·Kerovit Global incorporation date January 18, 2022

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