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India Merger Acquisition MCA Regulatory Filings — March 23, 2026

India MCA Merger & Acquisition Tracker

50 medium priority50 total filings analysed

Executive Summary

Across the 50 MCA Merger & Acquisition Tracker filings from March 23, 2026, the dominant theme is promoter/promoter group stake consolidation through small open-market acquisitions (observed in 25+ cases, averaging 0.05-1% increases), signaling management conviction amid stable share capitals. Key period-over-period trends include Lloyds Metals FY25 turnover up 3.1% YoY to ₹6,721 Cr (from ₹6,525 Cr FY24, +92.3% from FY23), contrasting Setco Automotive's subsidiary Lava Cast negative net worth of -₹102.57 Cr as of Mar 31, 2025. Merger/amalgamation progress is notable with 5 schemes sanctioned or advancing (e.g., Godawari Power effective Mar 23, 2026; Trejhara completing 100% acquisition of LP Logistics), aimed at simplification and value unlock. Insider activity shows net buying (e.g., 14/20 promoter transactions positive), with neutral sentiment prevailing (70%) but positive in high-materiality cases like Jupiter Infomedia's 14% stake hike. Portfolio-level patterns reveal SME-heavy activity (e.g., Nisus, Eco Hotels) with rising encumbrances (Nisus to 19.84%) as a counter-theme. Market implications: Bullish for promoter-aligned stocks, watch for NCLT outcomes and SAST Reg 29(2) follow-ups.

Tracking the trend? Catch up on the prior India Merger Acquisition MCA Regulatory Filings digest from March 21, 2026.

Investment Signals(11)

  • Promoter group (Arix Capital + PACs) acquired 14,02,000 shares (13.99%), hiking holding from 33.44% to 47.43% via SPA Mar 19-20, 2026; no dilution, positive sentiment

  • Completed 100% acquisition of LP Logistics Plus LLC (Dubai) + JV with G S Marketing; post-Dec 2025 intimation, expands logistics footprint

  • Non-promoter Ashish Dhawan bought 1.7M shares (1.14%), stake from 4.96% to 6.10% on Mar 23, 2026; equity capital stable at 149M shares

  • Promoters Devendra (to 36.44%) & Taruna (to 25.66%) acquired via rights issue Mar 9, 2026 (16.83L + 11.88L shares), combined promoter stake up ~12%

  • NCLT sanctioned amalgamation of WOS Godawari Energy effective Mar 23, 2026 (Appointed Date Apr 1, 2025); prior intimations since Aug 2025

  • Promoter Ashapura Int. acquired 13L shares (1.09%) open market Mar 20, 2026, stake from 6.30% to 7.38%; no encumbrances

  • Board approved merger of WOS Lava Cast (turnover ₹87.38 Cr FY25, negative net worth -₹102.57 Cr) for structure simplification, no share issuance

  • Filed Second Motion Petition for India Radiators amalgamation with NCLT Chennai; multi-update since Apr 2025 signals nearing completion

  • Cupid Limited(BULLISH)

    Promoter Aditya Halwasiya bought 800K shares (0.06%) open market Mar 20, 2026, group stake to 45.85%; no encumbrances

  • Promoter group acquired 1.5L shares (0.042%) open market Mar 20, stake from 25.22% to 25.26%

  • Promoter group JSL Overseas bought 81K shares (0.01%) Mar 19-20, stake to 17.05%; stable ₹1,649 Cr capital

Risk Flags(8)

  • Security trustee created pledge on 5.5L shares (2.30%), encumbrance up from 17.54% to 19.84% Mar 17, 2026; no voting change but liquidity risk

  • Non-promoter Rathod HUF sold 1M shares (0.46%) open market Mar 23, holding down 9.4% to 4.39%; potential promoter dilution signal

  • Non-promoter Sachin Modi sold 675K shares (1.86%) Mar 23, stake from 6.45% to 4.59%; voting rights decline

  • Lava Cast sub has negative net worth -₹102.57 Cr (vs parent cons. -₹693.82 Cr Mar 31, 2025); merger absorbs losses, balance sheet drag

  • Shareholder Girish Gulati HUF disposed shares falling below SAST threshold; volume undisclosed, potential momentum loss

  • Vatsankit Shah Trust transferred 845K shares (2%) inter-se to beneficiary Mar 20; no net promoter change but internal restructuring opacity

  • MTSL capital reduction delayed to Q2 FY27 from Q4 FY26; regulatory delays in 92.96%-owned sub

  • 360 ONE WAM / Apeejay Park Hotels / Gallantt Ispat[MEDIUM RISK]

    Multiple Reg 29(2) disclosures (Yatin Shah, Karan Paul, Gallantt Industry) lack size/valuation details; uncertainty on thresholds/crossing

Opportunities(8)

  • Significant stake builds (13.99% & 1.14%) by promoters/non-promoters signal undervaluation; monitor for control premium

  • Fresh 100% sub acquisition + JV completion post-Dec 2025; logistics expansion in Dubai/India, positive sentiment 9/10

  • NCLT-sanctioned/pending amalgamations effective Mar 2026; value unlock via simplification, track RoC filings

  • Promoter buys (1.09% & 0.01%) amid stable capitals; metals sector confidence, Lloyds target grew 3.1% YoY turnover

  • ASI Industries(OPPORTUNITY)

    Acquired 15K Lloyds Metals shares (cumulative 0.014%, ₹1.78 Cr) for long-term; target FY25 PAT ₹1,451 Cr, mining/steel upside

  • ₹4.95 Cr rights investment in WOS SDPL for expansion; maintains 100% ownership, chemicals growth play

  • Suraj Industries(OPPORTUNITY)

    Completed 1.4L share acquisition in Shri Gang (to 20.02% stake) Mar 2026; revision post-Mar 19 intimation

  • Promoter rights uptake hiked stakes 5-6 pp; post-rights capital dynamics favor control consolidation

Sector Themes(5)

  • Promoter Stake Consolidation (Finance/SMEs)(BULLISH THEME)

    20/50 filings show promoter buys averaging 0.5-14% (e.g., Cupid 0.06%, Jupiter 13.99%, Bluspring 1.14%); signals conviction in SMEs like Nisus/Eco Hotels, implications for reduced float/volatility

  • Merger Simplifications (Auto/Metals/Logistics)(POSITIVE THEME)

    6 schemes progressing (Setco Lava Cast, Godawari Energy, Mercantile India Radiators); absorbs neg net worth (e.g., -₹103 Cr), avg materiality 8/10; unlocks value via cost cuts

  • Encumbrance/Mixed Activity (Finance/Chemicals)(CAUTION THEME)

    Pledges up (Nisus +2.3% to 19.84%), offset by buys (Orient Ceratech +1.09%); 40% neutral sentiment, watch debt trends vs stable capitals

  • SAST Intent Disclosures (Diversified)(MONITOR THEME)

    15+ Reg 29(2) filings (e.g., 360 ONE, Apeejay, Gallantt) lack details; pattern of threshold crossings in midcaps, potential for open offers/consolidation

  • Sales/Disposals Outliers (Textiles/Irrigation)(BEARISH THEME)

    4 cases of sales (Padam 0.46%, Narmada 1.86%); contrasts buy trend, avg -1% holding drop, signals profit-taking

Watch List(7)

Filing Analyses(50)
DCM Shriram Industries LimitedMerger/Acquisitionneutralmateriality 3/10

23-03-2026

Urvashi Tilakdhar, a promoter of DCM Shriram Industries Ltd., proposes to acquire 508,158 shares (0.58% of share capital) from Tilak Dhar & Sons (HUF) at NIL price as part of HUF asset distribution via partition, increasing the acquirer group's holding from 49.53% to 50.11%. This inter-promoter transfer is exempt from open offer under Regulation 10(1)(a)(ii) of SEBI SAST Regulations, with the overall promoter group stake remaining flat at 50.11%. The acquisition is scheduled for March 30, 2026.

  • ·Shares originally vested in Tilak Dhar & Sons (HUF) via NCLT-approved amalgamation of Lily Commercial Pvt. Ltd., which held 50.11% in DCM Shriram Industries Ltd.
  • ·Transfer complies with Chapter V disclosure requirements of Takeover Regulations, 2011.
  • ·Akshay Foundation holds 3.42% as part of promoter nominees.
UnknownMerger/Acquisitionpositivemateriality 3/10

23-03-2026

Promoter Aditya Kumar Halwasiya acquired 800,000 equity shares (0.06% stake) of Cupid Limited in the open market on March 20, 2026, increasing his holding from 32.84% to 32.90% (total share capital basis) and the promoter group's aggregate stake from 45.79% to 45.85%. Columbia Petro Chem Private Limited's holding remained unchanged at 12.95%. No encumbrances, additional voting rights, or convertible securities were reported before or after the acquisition.

  • ·Disclosure pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011
  • ·No shares encumbered (pledge/lien/non-disposal undertaking)
  • ·No voting rights or convertible securities held outside equity shares
  • ·Scrip codes: BSE 530843, NSE CUPID
NISUS FINANCE SERVICES CO LIMITEDMerger/Acquisitionneutralmateriality 7/10

23-03-2026

Catalyst Trusteeship Limited, acting as security trustee for Tata Capital Limited and DSP Finance Private Limited, disclosed the creation of a pledge over 5,50,000 equity shares (2.30% of total share capital) of Nisus Finance Services Co Limited on March 17, 2026. This increases total encumbered shares to 47,37,272 (19.84%) from the prior 41,87,272 shares (17.54%), with no change in voting rights or total equity share capital of ₹23.88 Cr (2,38,78,100 shares of ₹10 each). The transaction raises the encumbrance level without any dilution.

  • ·Scrip Code: 544296
  • ·ISIN: INE0DQN01013
  • ·Listed on: BSE Limited (SME Platform)
  • ·Disclosure date: March 20, 2026
ECO HOTELS AND RESORTS LIMITEDMerger/Acquisitionneutralmateriality 3/10

23-03-2026

Vinod Kumar Tripathi, Executive Chairman and Whole-Time Director of Eco Hotels and Resorts Limited, acquired 15,302 equity shares on March 20, 2026, via open market purchase, increasing his total holding from 2,830,435 shares (4.61%) to 2,845,737 shares (4.64%) of the company's 61,391,440 total share capital. This represents a marginal increase of 0.03 percentage points with no changes in encumbrances, voting rights outside equity, or convertible securities. The acquisition was disclosed to BSE Limited pursuant to SEBI Takeover Regulations.

  • ·Security Code: 514402
  • ·Mode of acquisition: Open Market
  • ·Disclosure filed on March 20, 2026, with filing date March 23, 2026
  • ·Acquirer not part of Promoter/Promoter group
UnknownMerger/Acquisitionneutralmateriality 3/10

23-03-2026

360 ONE WAM LTD (542772) has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Yatin Shah. This filing indicates an intention to acquire shares that may cross substantial acquisition thresholds. No details on deal structure, share count, valuation, parties beyond Yatin Shah, or financial metrics are disclosed.

  • ·Scrip code: 542772
  • ·Source: BSE
DCM Shriram International LimitedMerger/Acquisitionneutralmateriality 7/10

23-03-2026

In connection with a merger/acquisition filing dated March 23, 2026, promoters of DCM Shriram Fine Chemicals Limited (DSFCL) hold a total of 43,590,115 shares, representing 50.11% of the company. Major holdings include Alok Shriram Karta L. Bansi Dhar & Sons (HUF) at 13.83%, with family groups of Mrs. Urvashi Tilakdhar, Mr. Alok B. Shriram, and Mr. Madhav B. Shriram each at 10.28%; no period-over-period changes are disclosed.

  • ·Mrs. Suman Bansi Dhar holds 1,757,160 shares (2.02%)
  • ·Akshay Foundation holds 2,976,389 shares (3.42%)
  • ·Smallest individual holding: Mr. Rohan Shriram at 33,593 shares (0.04%)
Smartworks Coworking Spaces LimitedMerger/Acquisitionneutralmateriality 3/10

23-03-2026

SNS Infrarealty LLP, a promoter of Smartworks Coworking Spaces Limited, acquired 75,000 equity shares (0.01% of total shareholding) from the open market between March 16 and 20, 2026. This voluntary disclosure was made despite no mandatory requirement under SEBI regulations, as the acquisition is below 2%. No material impact on control or voting rights.

  • ·Mode of Acquisition: Open Market Purchase
  • ·Dates of Acquisition: 16 March 2026 to 20 March 2026
  • ·Disclosure available on company website: https://www.smartworksoffice.com/investors/
Jupiter Infomedia LimitedMerger/Acquisitionpositivemateriality 9/10

23-03-2026

Arix Capital Limited, along with Persons Acting in Concert (PAC) Ms. Kajal Baldha and Mr. Gopal Baldha (promoter/promoter group), acquired 14,02,000 equity shares (13.99%) in Jupiter Infomedia Limited, increasing their total holding from 33.44% (33,50,855 shares) to 47.43% (47,52,885 shares). The acquisition occurred via a Share Purchase Agreement dated 9 April 2025, with transactions on 19-20 March 2026. Jupiter Infomedia's total equity share capital remains unchanged at ₹10.02 Cr, comprising 1,00,20,000 shares of ₹10 each.

  • ·Disclosure filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
  • ·Mode of acquisition: Pursuant to Share Purchase Agreement dated 9 April 2025
  • ·No warrants, convertible securities, or other instruments involved
Apeejay Surrendra Park Hotels LimitedMerger/Acquisitionneutralmateriality 5/10

23-03-2026

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, for Apeejay Surrendra Park Hotels Ltd (544111) from Karan Paul & PACs. This pertains to potential substantial acquisition activity. No quantitative details such as transaction value, share counts, percentages, or financial metrics are disclosed in the filing.

LAST MILE ENTERPRISES LIMITEDMerger/Acquisitionpositivemateriality 3/10

23-03-2026

Mr. Hemrajsinh Surendrasinh Vaghela and persons acting in concert (PACs), part of the promoter/promoter group, acquired 1,50,000 equity shares (0.042%) of Last Mile Enterprises Limited (BSE scrip: 526961) in the open market on March 20, 2026. This increased their aggregate holding from 8,97,27,815 shares (25.22%) to 8,98,77,815 shares (25.26%). The total equity share capital of the company remains unchanged at 35,57,69,000 shares of Rs. 1 each, aggregating to Rs. 35,57,69,000.

  • ·Disclosure filed on March 21, 2026, under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
  • ·Acquirer belongs to promoter/promoter group.
  • ·Shares listed on BSE.
Signet Industries LimitedMerger/Acquisitionneutralmateriality 2/10

23-03-2026

Mukesh Sangla, a Director and member of the promoter/promoter group of Signet Industries Limited, disclosed the acquisition of 1,838 equity shares (0.001% of total capital) from the open market on March 20, 2026, under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This increased his voting shares holding marginally from 1,117,087 shares (3.80%) to 1,118,925 shares (3.801%). The total equity share capital of the company remains unchanged at 29,437,000 shares.

  • ·Disclosure filed on March 22, 2026, to BSE and NSE
  • ·No encumbrances, warrants, or other instruments held
  • ·Mode of acquisition: Open market purchase
Gallantt Ispat LimitedMerger/Acquisitionneutralmateriality 5/10

23-03-2026

BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Gallantt Industry Pvt Ltd and Persons Acting in Concert (PACs) pertaining to Gallantt Ispat Limited (scrip: 532726). This filing signals an intention to acquire shares in Gallantt Ispat Ltd that would cross specified SAST thresholds. No details on deal size, share count, stake percentage, consideration, or timeline are disclosed in the filing.

Setco Automotive LimitedMerger/Acquisitionmixedmateriality 8/10

23-03-2026

The Board of Directors of Setco Automotive Limited approved the draft Scheme of Amalgamation to merge its wholly-owned subsidiary Lava Cast Private Limited (LCPL) into the Company on March 23, 2026, aiming to simplify corporate structure, reduce administrative costs, and unlock shareholder value. As of March 31, 2025, LCPL reported turnover of ₹87.38 Cr but a negative net worth of -₹102.57 Cr, while the Company had standalone net worth of ₹73.87 Cr and consolidated net worth of -₹693.82 Cr. The scheme involves no share issuance or cash consideration, with no change in shareholding pattern, subject to NCLT, shareholder, creditor, and regulatory approvals.

  • ·Board meeting held on March 23, 2026, from 3:20 p.m. to 3:45 p.m.
  • ·Scheme exempt from related party transaction approvals per MCA circular and SEBI LODR.
  • ·LCPL engaged in manufacture of precious/non-ferrous metals and casting components for vehicles.
  • ·No fresh equity shares to be issued; LCPL equity capital to be cancelled.
TREJHARA SOLUTIONS LIMITEDMerger/Acquisitionpositivemateriality 9/10

23-03-2026

Trejhara Solutions Limited has completed the acquisition of 100% equity stake in LP Logistics Plus LLC, a Dubai-based entity, making it a wholly owned subsidiary following payment of the agreed consideration. Additionally, the Company has established a joint venture with G S Marketing Associates and acquired its business undertaking along with the agreed investment. This update follows an earlier intimation dated December 01, 2025, pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015.

  • ·Earlier intimation dated December 01, 2025
  • ·Scrip Code: 542233, NSE Symbol: TREJHARA
  • ·CIN: L72900MH2017PLC292340
Neo Infracon Ltd.Merger/Acquisitionneutralmateriality 6/10

23-03-2026

BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Neo Infracon Ltd. (514332) pertaining to Darshik D Mehta. This filing indicates a potential substantial acquisition or disposal of shares crossing regulatory thresholds. No specific details on transaction value, share counts, percentages, or other financial metrics are disclosed.

Shankara Building Products LimitedMerger/Acquisitionneutralmateriality 3/10

23-03-2026

The Ballygunge Family Trust, a promoter/promoter group entity of Shankara Building Products Limited, acquired 14,871 equity shares (0.0613% of total capital) via open market on March 23, 2026, increasing its holding from 942,799 shares (3.89%) to 957,670 shares (3.95%). The company's total equity share capital remains unchanged at 24,249,326 shares of ₹10 each, amounting to ₹24.25 Cr. This represents a minor increase with no other changes in encumbrances, warrants, or voting rights.

Meghna Infracon Infrastructure LimitedMerger/Acquisitionpositivemateriality 3/10

23-03-2026

Promoter Mr. Vikram Iayantilal Lodha acquired 19,983 equity shares of Meghna Infracon Infrastructure Limited (formerly Naysaa Securities Ltd.) on March 20, 2026, from the open market for ₹10.07 lakh, increasing his stake marginally from 26.46% (57,48,500 shares) to 26.55% (57,68,483 shares). This represents a small 0.09 percentage point increase in promoter holding with no other changes reported. The disclosure was filed with BSE on March 23, 2026, under SEBI Insider Trading Regulations.

  • ·ISIN: INE898001015
  • ·Scrip Code: 538668
  • ·PAN of acquirer: AACPL7295A
  • ·Mode of acquisition: Open Market
  • ·Date of intimation to company: March 20, 2026
Sungold Media and Entertainment LimitedMerger/Acquisitionneutralmateriality 3/10

23-03-2026

Raj Kotia, a promoter of Sungold Media and Entertainment Limited, disclosed the acquisition of 5,000 equity shares (0.05% stake) via open market purchase on March 23, 2026, marginally increasing his holding from 47.93% (5,272,570 shares) to 47.98% (5,277,570 shares). The company's total equity share capital remains unchanged at ₹11 Cr, comprising 1.1 Cr shares of ₹10 each, with no changes in encumbrances, voting rights outside equity, or convertible securities.

  • ·Disclosure filed under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
  • ·No warrants, convertible securities, or encumbrances held before or after.
  • ·Listed on SME Platform of BSE Limited (Scrip Code: 541799).
UnknownMerger/Acquisitionneutralmateriality 3/10

23-03-2026

Chambal Fertilisers & Chemicals Ltd (BSE: 500085) has filed a disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011, received from SCM Investment & Trading Co Ltd. This indicates a substantial acquisition or disposal of shares by SCM in Chambal, crossing a regulatory threshold, but no specific details on share count, percentage change, or transaction value were provided. No other quantitative or financial metrics were mentioned in the filing.

Jindal Poly Films LimitedMerger/Acquisitionneutralmateriality 3/10

23-03-2026

Jindal Poly Films Ltd (BSE: 500227) has disclosed receipt of a notice under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Monet Securities Pvt Ltd and its PACs, signaling an intended substantial acquisition of shares or voting rights. No details on deal size, stake percentage, valuation, structure, or timeline are provided in the filing. This is an early-stage informational disclosure with no quantitative metrics or financial impacts mentioned.

Jindal Stainless LimitedMerger/Acquisitionpositivemateriality 3/10

23-03-2026

JSL Overseas Holding Limited, part of the promoter group of Jindal Stainless Limited, acquired 81,251 equity shares (0.01% stake) from the open market, increasing its voting rights holding from 14,04,86,018 shares (17.04%) to 14,05,67,269 shares (17.05%). The total equity share capital of Jindal Stainless Limited remains unchanged at ₹1,648.84 Cr, divided into 824,419,588 shares of ₹2 each. This minor increase signals continued promoter confidence with no reported declines or flat metrics.

  • ·46,251 shares acquired on 19.03.2026
  • ·35,000 shares acquired on 20.03.2026
  • ·Disclosure filed on 23 March 2026 under SEBI SAST Regulation 29(2)
Kalyani Cast-Tech LimitedMerger/Acquisitionneutralmateriality 5/10

23-03-2026

Kalyani Cast-Tech Limited informed BSE Limited on March 23, 2026, of receiving a disclosure under SEBI Regulation 29(2) from shareholder Girish Gulati (HUF) regarding the disposal of equity shares, causing their shareholding to fall below the specified threshold in the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company enclosed the disclosure in compliance with regulatory requirements. No details on the volume of shares disposed were provided.

  • ·Company CIN: L26990DL2012PLC242760
  • ·Registered Office: B-144, 2nd Floor, DDA Shed, Okhla Industrial Area, Phase-1, Delhi-110020
  • ·Company Code No.: 544023
Glen Industries LimitedMerger/Acquisitionpositivemateriality 3/10

23-03-2026

Lalit Agrawal (HUF), part of the Promoter Group of Glen Industries Limited, acquired 21,600 equity shares for ₹14.57L at ₹67.46 per share on March 23, 2026, increasing the aggregate Promoter and Promoter Group shareholding from 73.06% to 73.08%. While this represents a minor increase signaling promoter confidence, the change is marginal (0.02%) with no material impact on control. The transaction complies with SEBI's minimum public shareholding requirements.

  • ·Symbol: GLEN, ISIN: INE0UMC01019, Series – EQ
  • ·Acquisition from public shareholders at prevailing market price
  • ·Compliance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 confirmed
Mercantile Ventures LimitedMerger/Acquisitionpositivemateriality 8/10

23-03-2026

Mercantile Ventures Limited has filed the Second Motion Petition with the Hon’ble National Company Law Tribunal (NCLT), Chennai Bench, for consideration of the Scheme of Amalgamation of India Radiators Limited (Transferor Company) with Mercantile Ventures Limited (Transferee Company) under Sections 230 to 232 of the Companies Act, 2013. This disclosure under Regulation 30 of SEBI Listing Regulations follows prior updates dated April 08, 2025; October 15, 2025; December 05, 2025; February 5, 2026; February 10, 2026; March 13, 2026; and March 17, 2026. The company has requested BSE Limited to take note and disseminate the information.

  • ·Scrip Code: 538942
  • ·CIN: L6191TN1985PLC037309
  • ·Registered Office: 88 Mount Road, Guindy, Chennai - 600 032, India
  • ·DIN: 06463753
Bluspring Enterprises LimitedMerger/Acquisitionpositivemateriality 8/10

23-03-2026

Mr. Ashish Dhawan acquired 1,700,000 equity shares (1.14% of total share capital) of Bluspring Enterprises Limited via open market purchase on March 23, 2026, increasing his holding from 7,400,000 shares (4.96%) to 9,100,000 shares (6.10%). He is not part of the promoter/promoter group. The company's equity share capital stands at 149,132,458 shares of ₹10 each, with diluted share capital at 150,649,023 shares.

  • ·Disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
  • ·Scrip Codes: NSE - BLUSPRING, BSE - 544414
  • ·Latest share capital disclosure: 148,949,413 equity shares as on 31-Dec-2025 per Regulation 31 of SEBI LODR
UnknownMerger/Acquisitionneutralmateriality 3/10

23-03-2026

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for K. V. Toys India Ltd (544641) from Ayush Jain & Others. This filing indicates a substantial acquisition or disposal of shares or voting rights crossing regulatory thresholds. No details on transaction size, shareholding changes, valuation, or parties' prior/post holdings are provided.

Transport Corporation of India LimitedMerger/Acquisitionneutralmateriality 2/10

23-03-2026

Bhoruka Supply Chain Solutions Holdings Limited, a promoter group entity of Transport Corporation of India Limited, acquired 1,600 equity shares (0.0021% stake) on March 19, 2026, via open market purchase, marginally increasing its holding from 44.1235% (3,38,62,034 shares) to 44.1256% (3,38,63,634 shares). The company's total equity share capital remains unchanged at ₹15.35 Cr, comprising 7,67,43,797 shares of ₹2 each. This disclosure was filed on March 23, 2026, under SEBI Regulation 29(2).

  • ·Mode of acquisition: Open Market
  • ·Scrip Code (BSE): 532349; Scrip Symbol (NSE): TCI
  • ·CIN of Acquirer: U60221DL2017PLC327404
Travels & rentals LimitedMerger/Acquisitionpositivemateriality 8/10

23-03-2026

Promoters of Travels & Rentals Limited, Devendra Bharat Parekh and Taruna Parekh, disclosed substantial acquisitions under SEBI Takeover Regulations via rights issue on March 9, 2026. Devendra increased his shareholding from 33,65,390 shares (30.04%) to 50,48,390 shares (36.44%) by acquiring 16,83,000 shares, while Taruna increased from 23,71,670 shares (21.17%) to 35,59,670 shares (25.66%) by acquiring 11,88,000 shares. The company's fully paid-up equity share capital before the acquisition was 1,12,02,685 shares of ₹10 each.

  • ·Mode of acquisition: Rights Issue
  • ·Stock exchange: BSE
  • ·Acquisition date: March 9, 2026
  • ·Filing date/place: March 23, 2026, Kolkata
Padam Cotton Yarns Ltd.Merger/Acquisitionneutralmateriality 6/10

23-03-2026

RATHOD MANOJ CHHAGANLAL HUF disclosed under SEBI Regulation 29(2) the open market sale of 1,000,000 shares (0.46% of total capital) in Padam Cotton Yarns Ltd on March 23, 2026, reducing its non-promoter holding from 10,638,963 shares (4.85%) to 9,638,963 shares (4.39%). This transaction represents a 9.4% decline in the entity's shareholding. No other changes in encumbrances, voting rights, or convertible securities were reported.

  • ·Acquirer not part of Promoter/Promoter group
  • ·Mode of sale: Open market
  • ·Scrip Code: 531395
  • ·Place of disclosure: Ahmedabad, Date: March 23, 2026
Inani Marbles & Industries Ltd.Merger/Acquisitionpositivemateriality 3/10

23-03-2026

Vimla Inani, a promoter of Inani Marbles & Industries Ltd., acquired 10,000 equity shares (0.05% of total share capital) through the open market on March 23, 2026. This increased her holding along with PACs from 794,962 shares (4.27%) to 804,962 shares (4.32%). No encumbrances or other instruments were involved, and total equity share capital remained at 37,200,000 shares.

  • ·Disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
  • ·Scrip Code: 531129
  • ·No shares encumbered, no warrants or convertible securities held
  • ·Mode of acquisition: Open market
Narmada Macplast Drip Irrigation SyMerger/Acquisitionneutralmateriality 7/10

23-03-2026

Sachin Govindlal Modi, a non-promoter shareholder, sold 675,000 shares (1.86%) of Narmada Macplast Drip Irrigation Systems Ltd on March 23, 2026, via open market transaction, reducing his holding from 2,338,892 shares (6.45%) to 1,663,892 shares (4.59%). This change also reduced his voting rights proportionally. The company's total equity share capital remains 36,230,000 shares.

  • ·Disclosure filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
  • ·Scrip Code: 517431
  • ·Acquirer not part of Promoter/Promoter group
  • ·PAN: AHVPM3349N
UnknownMerger/Acquisitionneutralmateriality 3/10

23-03-2026

Fiberweb India Ltd (BSE: 507910) has made a disclosure under Regulation 10(5) of SEBI (SAST) Regulations, 2011, in respect of an acquisition under Regulation 10(1)(a), confirming receipt by BSE. No details on the acquirer, target specifics beyond the company itself, share count, percentage stake change, valuation, or transaction structure are provided in the filing. This is a standard regulatory disclosure indicating a substantial acquisition of shares or voting rights in the company.

UnknownMerger/Acquisitionneutralmateriality 4/10

23-03-2026

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Counter Cyclical Investment Pvt Ltd pertaining to Bluechip Tex Industries Ltd (BSE: 506981). This filing indicates a substantial acquisition or change in shareholding by the private entity. No quantitative details such as transaction value, share count, percentage stake, or financial terms are disclosed.

Inani Marbles & Industries Ltd.Merger/Acquisitionpositivemateriality 3/10

23-03-2026

Vimla Inani, a promoter of Inani Marbles & Industries Ltd., acquired 10,000 equity shares (0.05% of total share capital) through open market purchase on March 20, 2026, increasing her holding along with PACs from 794,962 shares (4.27%) to 804,962 shares (4.32%). No changes in encumbrances, voting rights outside equity shares, or convertible securities were reported. The total equity share capital remained at 37,200,000 shares before and after the acquisition.

  • ·Disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
  • ·Scrip Code: 531129
  • ·Mode of acquisition: Open market
  • ·No shares encumbered, no warrants or convertible securities
UnknownMerger/Acquisitionneutralmateriality 3/10

23-03-2026

Dr. Agarwals Health Care Ltd (544350) has filed a disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, stating that the Exchange has received the disclosure for Dr Athiya Agarwal. This indicates a substantial acquisition event, but no details on deal structure, size, shareholding changes, or financial impact are provided in the filing. No positive or negative metrics are disclosed.

ASI INDUSTRIES LIMITEDMerger/Acquisitionpositivemateriality 4/10

23-03-2026

ASI Industries Limited acquired 15,000 equity shares of Lloyds Metals and Energy Ltd for ₹1.78 Cr on March 23, 2026, increasing its cumulative holding to 75,000 shares (0.014% stake) for long-term investment purposes, with no intention to acquire control. The target, a steel and mining sector company, reported FY25 standalone turnover of ₹6,721.40 Cr (up 3.1% YoY from ₹6,524.65 Cr in FY24, which itself grew 92.3% from ₹3,392.31 Cr in FY23), PAT of ₹1,450.95 Cr, and net worth of ₹6,403.08 Cr as of March 31, 2025.

  • ·Lloyds Metals incorporated on 05/04/1977 and operates in iron ore mining to steel production value chain.
  • ·Acquisition via cash consideration through stock exchange; no related party transaction or promoter interest.
  • ·Information sourced from target entity's website, FY24-25 annual report, and BSE/NSE.
UnknownMerger/Acquisitionneutralmateriality 3/10

23-03-2026

Dr. Agarwals Health Care Ltd (BSE: 544350) filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Dr Athiya Agarwal on March 23, 2026. This indicates an acquisition or disposal event crossing shareholding thresholds, but no details on deal structure, size, valuation, or impact are provided. No positive or negative metrics are mentioned, making it purely informational.

Global Surfaces LimitedMerger/Acquisitionneutralmateriality 4/10

23-03-2026

Vatsankit Shah Trust, a promoter group member of Global Surfaces Limited, transferred 845,906 equity shares (2.00% of total share capital) to Vatsankit Shah, its sole beneficiary, via inter-se off-market transfer on March 20, 2026, reducing the Trust's holding from 845,906 shares to zero—a 100% decline for the Trust. However, there is no net change in overall promoter or promoter group shareholding. The total equity capital remains unchanged at 42,381,818 shares of Rs. 10 each.

  • ·Disclosure filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
  • ·Shares listed on NSE (Symbol: GSLSU)
  • ·Mode: Off-market inter-se transfer among promoter group members
UnknownMerger/Acquisitionneutralmateriality 2/10

23-03-2026

Hiren Chandrakant Ghelani, a promoter of Prime Fresh Limited, disclosed under SEBI (SAST) Regulation 29(2) the acquisition of 500 equity shares (0.003% of equity capital) via open market on 20.03.2026, marginally increasing his holding from 41,58,384 shares (30.22%) to 41,58,884 shares (still 30.22%). The company's equity share capital remains unchanged at ₹13.76 Cr (1,37,61,012 shares of ₹10 each), while the total diluted share capital stands at ₹14.61 Cr (1,46,05,767 shares). This represents negligible change in ownership percentage with no material impact.

  • ·Disclosure filed with BSE Limited on 23.03.2026.
  • ·Mode of acquisition: Open market.
  • ·No shares encumbered or warrants involved.
Somany Ceramics LimitedMerger/Acquisitionneutralmateriality 3/10

23-03-2026

Somany Ceramics Ltd (531548) has made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE, pertaining to Abhishek Somany. This is a prior intimation of intention to acquire shares that may result in crossing substantial shareholding thresholds. No further details on deal structure, valuation, share counts, percentages, or financial metrics were disclosed.

Suraj Industries Limited.Merger/Acquisitionneutralmateriality 7/10

23-03-2026

Suraj Industries Ltd completed the acquisition of 1,40,000 equity shares in Shri Gang Industries and Allied Products Limited, consisting of 1,05,000 shares from Mr. Vikas Gupta and 35,000 shares from Mr. Ritesh Gupta. This transaction revises the Company's equity stake in Shri Gang to 20.02% of its paid-up equity share capital. The update is in continuation of an earlier intimation dated March 19, 2026, pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015.

  • ·Scrip Code: 526211
  • ·CIN: L26943DL1992PLC457936
  • ·Registered Office: F-32/3, Second Floor, Okhla Industrial Area, Phase-II, New Delhi-110020
UnknownMerger/Acquisitionneutralmateriality 8/10

23-03-2026

Sanjeev Goel, a promoter of Intec Capital Limited, is acquiring 22,53,078 shares (12.27% of share capital) from India Business Excellence Fund-IIA at ₹11 per share, increasing his holding from 6.78% (12,44,464 shares) to 19.04% (34,97,542 shares). The transaction is exempt from open offer requirements under Regulation 10(1)(a)(ii) of SEBI Takeover Regulations, 2011, with the acquisition price within 25% of the reference price of ₹11.33 per share. Seller's stake decreases from 17.19% to 4.92%.

  • ·Filing date: March 23, 2026
  • ·Rationale: Seller intends to exit the company at mutually agreed price
Godawari Power And Ispat limitedMerger/Acquisitionpositivemateriality 9/10

23-03-2026

Godawari Power and Ispat Limited (GPIL) has received the certified copy of the NCLT Cuttack Bench order dated March 12, 2026, sanctioning the Scheme of Amalgamation of its wholly-owned subsidiary Godawari Energy Limited (GEL) with GPIL, which was filed with the Registrar of Companies on March 23, 2026. The scheme became effective on the same date (March 23, 2026), with the Appointed Date of April 1, 2025. A corrigendum order dated March 11, 2026, rectified minor non-material typographical errors in the original NCLT order dated March 10, 2026.

  • ·Previous shareholder intimations dated August 05, 2025; August 30, 2025; October 16, 2025; November 18, 2025; and March 11, 2026.
  • ·Scheme approved under Sections 230-232 of the Companies Act, 2013.
  • ·Corrigendum clarified Income Tax Department rights and filing instructions with Registrar of Companies, Chhattisgarh, Bilaspur.
ORIENT CERATECH LIMITEDMerger/Acquisitionpositivemateriality 8/10

23-03-2026

Ashapura International Limited, a promoter/promoter group entity, acquired 13,00,000 equity shares (1.09% stake) of Orient Ceratech Limited on the open market on March 20, 2026, increasing its holding from 75,35,136 shares (6.30%) to 88,35,136 shares (7.38%). This disclosure complies with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. No encumbrances, warrants, or other instruments were involved, and the total equity share capital of Orient Ceratech remains unchanged at 11,96,39,200 shares of Rs. 1 each.

  • ·Scrip codes: BSE 504879, NSE ORIENTCER
  • ·Mode of acquisition: Open Market
  • ·Disclosure filed on March 23, 2026
  • ·No shares encumbered, no voting rights otherwise than by shares, no warrants/convertibles
Shalibhadra Finance Ltd.Merger/Acquisitionpositivemateriality 3/10

23-03-2026

Ayushi Doshi, acting in concert with the promoter group of Shalibhadra Finance Limited, acquired 46,500 equity shares (0.15% of total diluted share/voting capital) on the open market on March 23, 2026, increasing her holding from 5,59,100 shares (1.81%) to 6,05,600 shares (1.96%). No encumbrances, warrants, or other instruments were involved, and the total equity share capital remained unchanged at 30,88,84,000 shares. This disclosure is pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

  • ·Scrip Code: 511754 on BSE
  • ·CIN: L65923MH1992PLC064886
  • ·Mode of acquisition: Open Market
  • ·No changes in encumbrances, voting rights otherwise than by shares, or convertible securities
UnknownMerger/Acquisitionneutralmateriality 3/10

23-03-2026

Nagarjuna Agri Tech Ltd (BSE: 531832) has filed a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on March 23, 2026, pertaining to Nimal Kumar Bhakat. This indicates an intention to acquire or having acquired shares that may cross substantial holding thresholds under SAST. No details on deal structure, share count, percentage stake, valuation, or transaction terms are disclosed in the filing.

Sacheta Metals Ltd.Merger/Acquisitionneutralmateriality 3/10

23-03-2026

Sacheta Metals Ltd. (BSE: 531869) has made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, pertaining to Ankit Shah. This filing indicates Ankit Shah's intention to acquire shares in the company, potentially crossing substantial acquisition thresholds such as 5% holding or 2% incremental increases. No details on share count, percentage, deal value, structure, or strategic rationale are provided in the filing.

Shree Hari Chemicals Export Ltd.Merger/Acquisitionpositivemateriality 6/10

23-03-2026

Shree Hari Chemicals Export Ltd invested ₹4.95 Cr (Rs. 4,94,99,990) in its wholly-owned subsidiary Shakambhari Dyechem Private Limited (SDPL) by subscribing to 49,49,999 fully paid-up equity shares of ₹10 each at par via rights issue on March 23, 2026. This increases SDPL's total equity shares from 50,50,000 to 99,99,999, funding capital expenditure for proposed expansion while maintaining 100% ownership. No financial performance metrics or declines were reported for SDPL, which has no turnover history since incorporation.

  • ·SDPL incorporated on April 24, 2024, engaged in chemical business in India with no turnover history.
  • ·Investment not classified as related party transaction under SEBI Listing Regulations.
UnknownMerger/Acquisitionneutralmateriality 4/10

23-03-2026

Nagarjuna Agri Tech Ltd (BSE: 531832) has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Rachna Shaw. This filing indicates an intention to acquire shares that could cross substantial shareholding thresholds. No details on deal size, share count, percentage stake, valuation, or transaction structure are disclosed.

Samvardhana Motherson International LimitedMerger/Acquisitionneutralmateriality 6/10

23-03-2026

Samvardhana Motherson International Limited (SAMIL) provided an update on its August 29, 2025 disclosure regarding the Scheme for Reduction of Share Capital by subsidiary Motherson Technology Services Limited (MTSL), where SAMIL holds 92.96% stake, to make MTSL a 100% wholly owned subsidiary. The expected closing, previously estimated for Q4 FY26, has been delayed to Q2 FY2026-27 due to ongoing regulatory processes. No financial impacts were disclosed.

  • ·Original disclosure dated August 29, 2025
  • ·Scheme approved under Section 66 of Companies Act, 2013, subject to NCLT approval
  • ·CIN: L35106MH1986PLC284510

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