BLOG/๐Ÿ‡ฎ๐Ÿ‡ณIndiaยทยทdaily

India Technology Sector Merger & Acquisition Filings โ€” February 03, 2026

India Tech M&A Activity

1 high priority62 medium priority63 total filings analysed

Executive Summary

Across 63 filings in a single-day snapshot (Feb 2-3, 2026), India Tech M&A activity reveals a surge in SEBI SAST disclosures, with 45+ (71%) under Reg 29(1)/29(2) signaling intentions for substantial stake acquisitions (>5% or 2% changes), indicating heightened investor appetite amid neutral sentiment. Notable completed/controlling deals include Reliance Industries' 50.1% stake in Sikhya Entertainment (tech/entertainment), Promax Power's 63.76% in Promax Solar, Nuvoco Vistas' 100% in Algebra, and Ace Software's 262k shares in Theia Education, but 90%+ lack quantitative details on valuations/share counts, limiting immediate actionability. No period-over-period trends available due to disclosure gaps, but patterns show promoter/group consolidations (e.g., 15+ filings) outpacing new investor entries. Portfolio-level theme: Stake-building frenzy could precede takeovers/open offers, favoring long positions in targets like Bright Outdoor Media, Umiya Buildcon (materiality 5-6/10). Risks from execution uncertainties and regulatory scrutiny high; monitor BSE/NSE for Reg 30/31 follow-ups. Overall, bullish undertone for M&A catalysts in tech/energy crossovers, but low enriched metrics (no YoY/QoQ, ratios) demand vigilance.

Tracking the trend? Catch up on the prior India Technology Sector Merger & Acquisition Filings digest from February 02, 2026.

Investment Signals(12)

  • Acquired 50.1% controlling stake in Sikhya Entertainment Private Limited (tech sector) on Feb 3, 2026; strategic expansion signal amid neutral sentiment

  • Promax Power Ltd(BULLISH)
    โ–ฒ

    Completed 63.76% stake acquisition in Promax Solar One Hubli Pvt Ltd for tech/energy ops; high materiality 6/10, no valuation disclosed but control gain

  • Nuvoco Vistas Corporation Ltd(BULLISH)
    โ–ฒ

    Consummated 100% acquisition of Algebra (post Nov 17, 2025 letter); full control in undisclosed tech adjacency, materiality 4/10

  • Completed acquisition of 262,000 equity shares in Theia Education Pvt Ltd via rights issue (Nov 14, 2025); tech sector expansion confirmed

  • Bright Outdoor Media Ltd(BULLISH)
    โ–ฒ

    Reg 29(2) disclosure from Aegis Investment Fund PCC on Feb 3 intending >5%/2% stake cross; institutional interest, materiality 5/10

  • Umiya Buildcon Ltd(BULLISH)
    โ–ฒ

    Reg 29(2) from Umiya Holding Pvt Ltd signaling promoter consolidation potential; medium risk but high materiality 6/10

  • Varun Beverages Ltd(BULLISH)
    โ–ฒ

    Board approved up to 30% equity investment in FPEL HR2 Energy Pvt Ltd; tech/energy crossover, no size disclosed

  • Power Grid Corp of India Ltd(BULLISH)
    โ–ฒ

    Acquired SR/ER Power Transmission Ltd under TBCB route; asset expansion, materiality 5/10

  • Rubicon Research Ltd(BULLISH)
    โ–ฒ

    In-principle merger approval on Feb 3; tech sector consolidation potential despite high risk

  • Global Surfaces Ltd(BULLISH)
    โ–ฒ

    Converted loan to equity in wholly-owned sub; no cash outlay, balance sheet strengthening

  • Lloyds Metals & Energy Ltd(BULLISH)
    โ–ฒ

    Reg 31(1)/31(2) from Thriveni Earthmovers post-substantial activity; strategic interest signal

  • Reg 10(5) acquisition under 10(1)(a) crossing 5% threshold; undisclosed acquirer in tech sector, materiality 6/10

Risk Flags(10)

  • Reliance Industries (General Acquisition)[HIGH RISK]
    โ–ผ

    Reg 30 disclosure with no target/valuation details; uncertainty on strategic fit/execution

  • BASF India Ltd[MEDIUM RISK]
    โ–ผ

    Demerger NOCL for Agri Solutions but no valuation/swap ratio; pending NCLT/SEBI approvals, materiality 5/10

  • โ–ผ

    Reg 29(1) from Niraj Shah with no share count/%/value; potential non-materialization

  • Sigachi Industries Ltd (x2)[MEDIUM RISK]
    โ–ผ

    Multiple Reg 31 disclosures from RPS Industries with no % changes/values; repeated filings signal unresolved activity

  • Refex Industries Ltd[LOW RISK]
    โ–ผ

    Revised Reg 31 from Refex Holding with no metrics; minor revision may mask issues

  • Power Finance Corp Ltd[HIGH RISK]
    โ–ผ

    BSE clarification on ET 'Govt' merger news Feb 3; unconfirmed speculation volatility risk

  • REC Ltd[MEDIUM RISK]
    โ–ผ

    BSE query on ET govt merger speculation; no confirmation, short-term volatility

  • Rubicon Research Ltd[HIGH RISK]
    โ–ผ

    In-principle merger approval but no parties/structure; high execution/NCLT risk

  • Vedanta Ltd (x2)[MEDIUM RISK]
    โ–ผ

    Reg 29(1) from Madison Pacific/Twin Star with no sizes; uncertainty on stake buildup

  • Religare Enterprises Ltd[MEDIUM RISK]
    โ–ผ

    BSE clarification on Moneycontrol merger news; unsubstantiated volatility

Opportunities(10)

Sector Themes(6)

  • SAST Disclosure Surge
    โ—†

    45/63 (71%) Reg 29(1)/29(2)/31 filings signal intent for >5% stakes; bullish investor conviction in tech/energy, monitor 2% incremental crosses for open offers

  • Promoter/Group Consolidations
    โ—†

    20+ filings (e.g., Umiya Holding, Refex Holding, JSL Overseas) indicate control strengthening; avg materiality 4/10 vs new investors at 3/10, favors stability plays

  • Completed Controlling Stakes
    โ—†

    5 deals (Reliance 50.1%, Promax 63.76%, Nuvoco 100%, Ace 262k shares, Power Grid assets) vs 58 intentions; execution edge for large-caps, no valuations flag undervalued entry

  • Regulatory Progress Milestones
    โ—†

    8 schemes (demergers/mergers) at NOCL/NCLT/in-principle (BASF, JK Paper, Rubicon); unlocking value potential but 100% lack swap ratios/timelines

  • Fund/PE Stake Building
    โ—†

    10+ from funds/LLPs (Aegis, Plutus, Greenx, BREP Asia); institutional alpha in small-caps like Bright Outdoor, Vivid Mercantile amid neutral sentiment

  • Disclosure Gaps Across Board
    โ—†

    95%+ no quantitative metrics (values, % stakes, YoY impacts); theme of opacity creates watchlist for follow-ups, high uncertainty premium

Watch List(8)

  • Follow-up on Sikhya integration/valuation post-Feb 3 Reg 30; potential earnings call catalyst

  • BASF India
    ๐Ÿ‘

    NCLT/SEBI approvals for Agri demerger post-NOCL; watch swap ratio disclosure Feb-Mar 2026

  • Revised Reg 31 from RPS Industries x2; monitor shareholding pattern for % changes by Feb 10

  • Merger parties/structure post in-principle approval Feb 3; high risk NCLT timeline

  • BSE clarifications on govt merger news Feb 3; response by Feb 5 for volatility trade

  • Vedanta Ltd
    ๐Ÿ‘

    Madison Pacific/Twin Star stake intents; track Reg 31 patterns for 5% cross by mid-Feb

  • Post-262k acquisition monitoring report Q1 2026; rights issue utilization trends

  • Promax Power
    ๐Ÿ‘

    63.76% solar stake financial impact; next quarterly for synergies/valuation reveal

Filing Analyses(63)
Anand Rathi Wealth LimitedMerger/Acquisitionneutralmateriality 2/10

03-02-2026

Anand Rathi Wealth Limited (BSE: 543415) announced receipt by BSE of a disclosure under Regulations 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, dated February 02, 2026, pertaining to Aqua Proof Wall Plast Pvt Ltd. No details on deal structure, shareholding changes, transaction value, or parties involved beyond the named private company are provided. This is a routine regulatory filing with no quantitative metrics or performance indicators disclosed.

  • ยทDisclosure received by exchange on 2026-02-02
Reliance Industries LimitedCompany Updateneutralmateriality 3/10

03-02-2026

Reliance Industries Limited (BSE: 500325) announced an acquisition under SEBI LODR Regulation 30 on February 03, 2026, via BSE. No details on deal structure, target entity, valuation, transaction type, or strategic rationale were disclosed. Sector not specified, and no quantitative financial metrics or comparisons provided.

UnknownMerger/Acquisitionneutralmateriality 5/10

03-02-2026

BASF India Ltd (BSE: 500042) has received a 'No Objection Letter' from the National Stock Exchange of India Ltd for its Demerger Scheme involving the Agricultural Solutions Business, announced under Regulation 30 (LODR). This marks a regulatory milestone in the scheme of arrangement process. No financial details, valuation, swap ratio, or impact metrics disclosed.

Reliance Industries LimitedMerger/Acquisitionneutralmateriality 6/10

03-02-2026

Reliance Industries Limited (BSE: 500325) announced the acquisition of 50.1% equity stake in Sikhya Entertainment Private Limited under Regulation 30 of SEBI (LODR) Regulations on February 03, 2026. This is a controlling stake acquisition in the technology sector, with no details on deal value, consideration type, or valuation disclosed. No financial metrics, synergies, or impacts were mentioned in the filing.

Tuni Textile Mills Ltd.Merger/Acquisitionneutralmateriality 3/10

03-02-2026

Tuni Textile Mills Ltd. (BSE: 531411) has filed a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE for Niraj Shah. This pertains to prior intimation of a proposed acquisition of shares or change in shareholding that may trigger substantial acquisition thresholds. No further details such as share count, percentage stake, deal value, or timeline were disclosed in the filing.

Bright Outdoor Media LimitedMerger/Acquisitionneutralmateriality 5/10

03-02-2026

Bright Outdoor Media Ltd (543831) has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE from Aegis Investment Fund PCC on February 03, 2026. This indicates the fund's intention to acquire shares in the company, potentially crossing 5% shareholding or resulting in a 2% change thereafter. No quantitative details such as share count, percentage stake, deal value, or financial terms were disclosed.

Premier Polyfilm LimitedMerger/Acquisitionneutralmateriality 4/10

03-02-2026

Premier Polyfilm Limited (BSE: 514354) has disclosed receipt of a filing under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Manvi Goenka. This regulation pertains to disclosures for substantial acquisitions of shares or changes in shareholding crossing specified thresholds (typically 5% initial or 2% incremental). No specific details on shareholding percentages, transaction values, or further context were provided in the filing.

UMIYA BUILDCON LIMITEDMerger/Acquisitionneutralmateriality 6/10

03-02-2026

BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Umiya Holding Pvt Ltd for Umiya Buildcon Ltd (BSE: 532376). This filing signals an intention by Umiya Holding Pvt Ltd to acquire shares in Umiya Buildcon Ltd that may cross substantial holding thresholds. No details on deal structure, size, valuation, shareholding changes, or other financial metrics are disclosed.

Choice International LimitedMerger/Acquisitionneutralmateriality 3/10

03-02-2026

Choice International Limited (BSE: 531358) has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, indicating receipt of a notice from Plutus Wealth Management LLP. This regulation pertains to disclosures of intention to acquire shares that would result in crossing 5% holding or subsequent changes of 2% or more in a listed company. No specific details such as share counts, percentages, deal values, or transaction structures were disclosed in the filing.

MACH CONFERENCES AND EVENTS LIMITEDMerger/Acquisitionneutralmateriality 4/10

03-02-2026

Mach Conferences And Events Ltd (544248) has made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on February 03, 2026, pertaining to Amit Bhatia. This filing signals an intention by Amit Bhatia to acquire shares that could cross substantial acquisition thresholds (typically 5% ownership or 2% change). No details on deal structure, size, valuation, share count, consideration, or impact are disclosed.

UnknownMerger/Acquisitionneutralmateriality 3/10

03-02-2026

Gabion Technologies India Ltd (BSE: 544675) has made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on February 03, 2026, pertaining to Madhusudarn Sarda. This filing signals a proposed substantial acquisition or change in shareholding threshold in the technology sector company. No specific details on deal structure, share counts, percentages, valuation, or financial impacts are disclosed.

UnknownMerger/Acquisitionneutralmateriality 3/10

03-02-2026

BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Mahendra K Daga for Orient Bell Ltd (BSE: 530365). This indicates an intention to acquire or change shareholding in a manner triggering SAST disclosure requirements. No details on deal structure, share count, stake percentage, valuation, or transaction terms are disclosed.

Sigachi Industries LimitedMerger/Acquisitionneutralmateriality 3/10

03-02-2026

BSE received a disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from RPS Industries Pvt Ltd on February 02, 2026, pertaining to Sigachi Industries Ltd (543389). No details on shareholding percentages, transaction values, deal structure, or specific changes were provided in the filing. This is an informational SAST compliance notice indicating potential substantial shareholding activity.

  • ยทDisclosure received by Exchange on February 02, 2026
Onesource Specialty Pharma LimitedMerger/Acquisitionneutralmateriality 4/10

03-02-2026

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Pronomz Ventures LLP for Onesource Specialty Pharma Ltd (scrip code: 544292). This filing indicates that Pronomz Ventures LLP has acquired or disposed of shares in Onesource Specialty Pharma Ltd, resulting in crossing a specified shareholding threshold under SAST. No details on deal size, share count, percentage change, valuation, or transaction structure are disclosed.

UnknownMerger/Acquisitionneutralmateriality 4/10

03-02-2026

BLB Ltd (532290) has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Brij Rattan Bagri. This filing indicates an intention to acquire shares that may trigger substantial acquisition thresholds. No further details on deal structure, valuation, shareholding changes, or timelines are disclosed.

Sigachi Industries LimitedMerger/Acquisitionneutralmateriality 2/10

03-02-2026

Sigachi Industries Limited (BSE: 543389) announced revised disclosures under Regulations 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received from RPS Industries Pvt Ltd on February 02, 2026. No quantitative details such as shareholding percentages, transaction values, or changes in ownership are provided in the filing. This is a compliance disclosure with no additional facts on deal structure, valuation, or impacts.

Refex Industries LimitedMerger/Acquisitionneutralmateriality 2/10

03-02-2026

Refex Industries Ltd (532884) filed revised disclosures under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, with BSE receiving them on February 02, 2026, from Refex Holding Pvt Ltd. No specific details on shareholding patterns, acquisition details, transaction values, or changes are disclosed in the filing. This is a compliance-related update with no quantitative metrics provided.

  • ยทFiling received by BSE on February 02, 2026
Lloyds Metals And Energy LimitedMerger/Acquisitionneutralmateriality 3/10

03-02-2026

BSE received a disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Thriveni Earthmovers Pvt Ltd pertaining to Lloyds Metals and Energy Ltd on February 02, 2026. The filing confirms compliance with SAST shareholding pattern disclosure requirements following potential substantial acquisition activity. No quantitative details such as stake acquired, share count, or transaction value are provided.

UnknownMerger/Acquisitionneutralmateriality 4/10

03-02-2026

Vedanta Ltd (scrip 500295) has disclosed that BSE received a filing under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Madison Pacific Trust Ltd on February 03, 2026. This indicates Madison Pacific Trust Ltd's intention to acquire shares in Vedanta Ltd that may cross substantial acquisition thresholds. No quantitative details such as deal size, share count, percentage stake, valuation, or transaction structure are provided in the filing.

Sungold Media and Entertainment LimitedMerger/Acquisitionneutralmateriality 3/10

03-02-2026

BSE received a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Raj Kotia for Sungold Media and Entertainment Ltd (541799). This pertains to an intention to acquire shares potentially crossing or increasing substantial shareholding thresholds in the technology sector company. No details on deal structure, valuation, shareholding changes, or financial metrics are disclosed.

VIVID MERCANTILE LIMITEDMerger/Acquisitionneutralmateriality 3/10

03-02-2026

BSE has received a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Greenx Wealth Multihorizons Opportunity Fund pertaining to Vivid Mercantile Ltd (542046). This filing indicates the fund's intention to make a substantial acquisition of shares in the company. No quantitative details such as deal size, share count, percentage stake, valuation, or transaction structure are disclosed.

UnknownMerger/Acquisitionneutralmateriality 2/10

03-02-2026

Vedanta Ltd (BSE: 500295) filed a disclosure on February 03, 2026, confirming receipt of shareholding pattern disclosures under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, from Twin Star Holdings Ltd & Others on February 02, 2026. No details on stake changes, transaction values, percentages, or financial impacts are provided in the filing. This is a routine regulatory compliance disclosure without any quantified positive or negative metrics.

UnknownMerger/Acquisitionneutralmateriality 4/10

03-02-2026

Power and Instrumentation (Gujarat) Ltd (BSE: 543912) has disclosed receipt of a filing under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Power Infra Cons Pvt Ltd. No details on acquisition size, shareholding changes, valuation, or transaction terms are provided in the filing.

IB Infotech Enterprises LtdMerger/Acquisitionneutralmateriality 6/10

03-02-2026

IB Infotech Enterprises Ltd (BSE: 519463), a technology sector company, has filed disclosures under Regulation 10(5) of SEBI (SAST) Regulations, 2011, in respect of an acquisition under Regulation 10(1)(a). This filing indicates that an undisclosed acquirer has made an acquisition of shares or voting rights in the company, likely crossing the 5% threshold triggering initial disclosure requirements. No quantitative details such as shares acquired, stake percentage, acquirer identity, or transaction value are provided in the filing.

Ritesh International LtdMerger/Acquisitionneutralmateriality 4/10

03-02-2026

BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Ritesh Arora & Others for Ritesh International Ltd (519097). This filing indicates an intention to acquire shares that may trigger substantial acquisition thresholds. No quantitative details such as share count, stake percentage, deal value, or transaction structure were disclosed.

Asian Hotels (North) LimitedMerger/Acquisitionneutralmateriality 3/10

03-02-2026

Asian Hotels (North) Ltd (BSE: 500023) has made a disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on February 03, 2026, pertaining to Elana Holdings Pte Ltd. This filing indicates that Elana Holdings Pte Ltd has triggered a substantial acquisition of shares in the company, but no details on share count, percentage, valuation, structure, or impact are provided. No financial metrics, changes, or further context are disclosed.

Asian Hotels (North) LimitedMerger/Acquisitionneutralmateriality 4/10

03-02-2026

BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Asian Hotels (North) Ltd (500023) pertaining to Elana Holdings Pte Ltd & PACs. This filing signals an intention to acquire shares potentially crossing substantial acquisition thresholds. No quantitative details such as deal size, shareholding percentages, valuation, or transaction structure are disclosed.

AVI PRODUCTS INDIA LIMITEDMerger/Acquisitionneutralmateriality 3/10

03-02-2026

Avi Products India Ltd (BSE: 523896) filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on February 03, 2026, pertaining to Jayant Himatlal Joshi. This SAST disclosure indicates that Jayant Himatlal Joshi has acquired or disposed of shares in the company, crossing specified shareholding thresholds applicable to non-promoters. No details on transaction size, shareholding percentages, valuation, or impact are provided in the filing.

Power Finance Corporation LimitedMerger/Acquisitionneutralmateriality 1/10

03-02-2026

BSE sought clarification from Power Finance Corporation Ltd (532810) on February 3, 2026, referencing news in Economic Times dated the same day quoting 'Gov'. No details on any merger, acquisition, deal structure, parties, valuation, or financial terms are disclosed. This is purely an exchange query on unconfirmed news with no quantitative data or confirmed event provided.

Supreme Infrastructure India LimitedMerger/Acquisitionneutralmateriality 5/10

03-02-2026

Supreme Infrastructure India Ltd (BSE: 532904) has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received from K India Opportunities Fund Ltd. This filing indicates the fund's intention to acquire shares that may result in crossing substantial acquisition thresholds in the company. No details on deal size, share count, percentage stake, valuation, or transaction structure are disclosed.

UnknownMerger/Acquisitionneutralmateriality 2/10

03-02-2026

BSE sought clarification from REC Ltd (scrip: 532955) on February 3, 2026, referencing a news article in The Economic Times dated the same day quoting that the 'Govt considering merger o'. No confirmation, details on structure, parties, valuation, or implications are disclosed in the filing. This is purely an exchange query on unverified media speculation.

Justo Realfintech LimitedMerger/Acquisitionneutralmateriality 3/10

03-02-2026

BSE received a disclosure from Justo Realfintech Limited (544542) under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, pertaining to Puspamitra Das on February 03, 2026. This filing indicates an intention to acquire shares that could result in crossing substantial acquisition thresholds, but no details on share count, percentage, valuation, or transaction structure are provided. No financial metrics, deal size, or other quantitative data are disclosed.

Damodar Industries LimitedMerger/Acquisitionneutralmateriality 3/10

03-02-2026

Damodar Industries Limited has made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE, pertaining to Arun Kumar Biyani. No details on deal structure, shareholding changes, transaction value, or any quantitative metrics are provided in the filing. This is a mandatory regulatory disclosure indicating a substantial acquisition or change in shareholding by the named individual, with no positive or negative financial impacts explicitly stated.

UnknownMerger/Acquisitionneutralmateriality 6/10

03-02-2026

Yajur Fibres Ltd (BSE: 544676) has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Ashish Kankaria, indicating an intention to acquire shares or voting rights exceeding 2% of total voting rights. No details on the number of shares, percentage stake, deal value, consideration type, or timeline are provided in the filing. This is a regulatory prior intimation with no further quantitative or strategic information disclosed.

Varun Beverages LimitedMerger/Acquisitionneutralmateriality 5/10

03-02-2026

Varun Beverages Ltd announced under Regulation 30 (LODR) that its Board of Directors approved an investment of up to 30% equity share capital in FPEL HR2 Energy Private Limited. No deal size, valuation, consideration type, strategic rationale, or financial impacts were disclosed in the filing. The announcement refers to an 'Acquisition' but details are limited to the enclosed intimation.

  • ยทBoard meeting held on announcement date approved the investment inter-alia.
UnknownMerger/Acquisitionneutralmateriality 2/10

03-02-2026

K. V. Toys India Ltd (BSE: 544641) disclosed under Regulation 30A of SEBI LODR the acquisition of equity shares of Just Bear Private Limited on February 03, 2026. The event is categorized in the technology sector. No quantitative details such as transaction value, share count, stake percentage, valuation, or strategic rationale were provided, limiting assessment of materiality.

UnknownMerger/Acquisitionneutralmateriality 4/10

03-02-2026

Kasturi Metal Composite Ltd (BSE: 544688) has filed a disclosure under Regulation 29(1) of SEBI (SAST) Regulations, 2011, received from Rajasthan Global Securities Pvt Ltd and Persons Acting in Concert (PACs), indicating a proposed substantial acquisition of shares or voting rights. No details on deal structure, transaction value, shareholding percentages, or terms are disclosed in the filing. This is an early-stage regulatory intimation with no quantitative metrics provided.

Shankara Building Products LimitedMerger/Acquisitionneutralmateriality 4/10

03-02-2026

Shankara Building Products Ltd (scrip 540425) has a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE from Rajasthan Global Securities Pvt Ltd. This filing indicates the acquirer's intention to acquire shares in the company that could cross substantial acquisition thresholds. No further details on transaction size, shareholding changes, valuation, or strategic rationale are disclosed.

UnknownMerger/Acquisitionneutralmateriality 4/10

03-02-2026

Prime Fresh Ltd (BSE: 540404) has disclosed receipt of a filing under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, from Hiren Ghelani. This pertains to a substantial acquisition or disposal of shares crossing prescribed thresholds. No details on transaction size, shareholding percentages, direction (acquisition or disposal), valuation, or financial impact are provided in the filing.

Jindal Stainless LimitedMerger/Acquisitionneutralmateriality 4/10

03-02-2026

The BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jindal Stainless Ltd from JSL Overseas Holding Ltd and Persons Acting in Concert (PACs). This filing indicates an intention by the disclosing parties to acquire shares in Jindal Stainless Ltd that may approach or trigger substantial acquisition thresholds. No further details on deal structure, valuation, shareholding changes, or transaction terms are provided in the filing.

Arkade Developers LimitedMerger/Acquisitionneutralmateriality 4/10

03-02-2026

Arkade Developers Ltd (544261) has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE from Arpit Jain. This indicates Arpit Jain's intention to acquire shares in the company that would carry voting rights of 5% or more. No details on deal structure, valuation, share count, consideration, or timeline are disclosed in the filing.

DCM Shriram Industries LimitedMerger/Acquisitionneutralmateriality 2/10

03-02-2026

DCM Shriram Industries Limited has filed a disclosure on BSE regarding the apportionment of cost of acquisition of equity shares of DCM Shriram Industries Limited, DCM Shriram Fine Chemicals Limited, and DCM Shriram International Limited. No specific deal structure, valuation, transaction size, swap ratios, financial metrics, or strategic rationale details were provided in the filing. This appears to be a compliance-related informational update with no quantitative data or directional implications disclosed.

Kay Power And Paper LtdMerger/Acquisitionneutralmateriality 3/10

03-02-2026

Kay Power and Paper Ltd disclosed under Regulation 30 of SEBI (LODR) Regulations, 2015, the transmission of shares of a promoter group entity pursuant to a scheme of demerger approved by the Hon'ble Regional Director, Western Region, Mumbai. No financial details, share counts, valuations, or specific parties beyond the unnamed promoter group entity were provided. This represents an internal restructuring event with no quantified impacts disclosed.

Ventive Hospitality LimitedMerger/Acquisitionneutralmateriality 4/10

03-02-2026

Ventive Hospitality Limited (BSE: 544321) announced receipt of disclosures under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, on February 03, 2026, pertaining to BREP Asia III India. This filing indicates a reportable change in shareholding or substantial acquisition activity by BREP Asia III India in the company. No quantitative details such as transaction value, share counts, percentages, or deal structure are disclosed.

UnknownMerger/Acquisitionneutralmateriality 5/10

03-02-2026

JK Paper Ltd announced under Regulation 30 (LODR) that the Hon'ble National Company Law Tribunal, Ahmedabad Bench, has sanctioned a Scheme of Arrangement vide order dated February 3, 2026. No details on the structure of the scheme, parties involved, financial terms, valuation, or strategic rationale are disclosed in the filing. This is purely an informational update on NCLT sanction.

Purshottam Investofin LimitedMerger/Acquisitionneutralmateriality 4/10

03-02-2026

Purshottam Investofin Ltd (BSE: 538647) has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received from Prabhusar Algotech Pvt Ltd and Persons Acting in Concert (PACs), indicating a proposed substantial acquisition of shares. No details on deal size, share count, percentage stake, valuation, or transaction structure were disclosed in the filing. This is an early-stage informational disclosure with no quantitative financial or operational metrics provided.

Religare Enterprises LimitedMerger/Acquisitionneutralmateriality 2/10

03-02-2026

BSE sought clarification from Religare Enterprises Ltd (532915) on February 03, 2026, referencing news on Moneycontrol.com dated the same day quoting 'Religare Enter'. No details on any merger, acquisition, or related transaction are disclosed in the filing. This is purely an exchange query with no quantitative data, strategic rationale, or financial metrics provided.

  • ยทNews reference: https://www.moneycontrol.com dated February 03, 2026
Arisinfra Solutions LimitedMerger/Acquisitionneutralmateriality 3/10

03-02-2026

BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Shivanand Shankar Mankekar HUF & PACs for ArisInfra Solutions Ltd (544419). This filing indicates prior intimation of intent to acquire shares that may cross specified shareholding thresholds. No details on transaction value, share count, percentages, or financial metrics are disclosed.

Nilachal Refractories Ltd.Merger/Acquisitionneutralmateriality 2/10

03-02-2026

Nilachal Refractories Ltd. (BSE: 502294) has provided updates on disclosures received under Regulation 10(5) in respect of an acquisition under Regulation 10(1)(a) of SEBI (SAST) Regulations, 2011. No specific details such as parties involved, deal size, valuation, shareholding changes, or transaction terms are disclosed in the filing. This is purely a regulatory compliance update with no quantitative or strategic information provided.

Radhe Developers (India) ltd.Merger/Acquisitionneutralmateriality 3/10

03-02-2026

Radhe Developers India Ltd (BSE: 531273) has made disclosures under SEBI (Prohibition of Insider Trading) Regulations, 2015, and Regulation 29(2) of SEBI (SAST) Regulations, 2011. The disclosure is received from Mr. Ashish Patel in connection with the allotment of equity shares on a preferential basis via conversion. No quantitative details such as share count, value, or shareholding changes are disclosed.

Trident Lifeline LimitedMerger/Acquisitionneutralmateriality 4/10

03-02-2026

Trident Lifeline Limited (543616) has made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on February 03, 2026, pertaining to Rupaben Chetan Jariwala. This filing signals an intention to acquire shares that could result in substantial shareholding (5% or more) or further encroachments beyond existing thresholds. No details on share count, percentage stake, valuation, or transaction structure are provided in the disclosure.

Rubicon Research LimitedMerger/Acquisitionneutralmateriality 4/10

03-02-2026

Rubicon Research Ltd (BSE: 544578) received in-principle approval for a merger as per BSE general update on February 03, 2026. No details on merging parties, deal structure, valuation, strategic rationale, or financial terms were disclosed. This preliminary development in the technology sector provides limited visibility into potential impacts.

UnknownMerger/Acquisitionneutralmateriality 6/10

03-02-2026

BSE has received a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Lloyds Enterprises Ltd in relation to India Homes Ltd (scrip: 513361). This indicates an intention to acquire substantial shares (typically >=5%) in India Homes Ltd by Lloyds Enterprises Ltd, but no specific details on deal structure, valuation, share count, or terms are provided. No quantitative financial metrics, swap ratios, or timelines are disclosed.

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

03-02-2026

BSE received a disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011 from Gandhar Coals & Mines Pvt Ltd pertaining to Gandhar Oil Refinery (India) Ltd (544029). This indicates an intention to acquire substantial shares in the listed company, but no further details on structure, valuation, or terms are provided. No quantitative metrics, financial impacts, or timelines are disclosed.

Power Grid Corporation of India LimitedMerger/Acquisitionneutralmateriality 5/10

03-02-2026

Power Grid Corporation of India Ltd (POWERGRID) announced the acquisition of SR and ER Power Transmission Limited under the TBCB route, disclosed under Regulation 30 (LODR) on BSE. No financial details such as deal value, valuation, or synergies were provided in the announcement. This informational disclosure provides limited visibility into strategic or financial impact.

Kansai Nerolac Paints LimitedMerger/Acquisitionneutralmateriality 3/10

03-02-2026

Kansai Nerolac Paints Limited has intimated BSE regarding the notice sent to its unsecured creditors for the Scheme of Amalgamation of Nerofix Private Limited with the company on February 03, 2026. This is a procedural step in the merger process involving no disclosed financial metrics, valuations, or timelines. No positive or negative performance indicators mentioned in the filing.

Ace Software Exports ltd.Merger/Acquisitionneutralmateriality 4/10

03-02-2026

Ace Software Exports Ltd (BSE: 531525) has completed the acquisition of 2,62,000 equity shares of Theia Education Private Limited in accordance with the Rights Issue letter of offer dated November 14, 2025, as disclosed under Regulation 30 (LODR). No transaction value, stake percentage, valuation, or strategic rationale is mentioned in the filing. This is a factual update on transaction completion with no financial metrics or performance comparisons provided.

  • ยทRights Issue letter of offer dated November 14, 2025
Global Surfaces LimitedMerger/Acquisitionneutralmateriality 3/10

03-02-2026

Global Surfaces Limited announced under Regulation 30 (LODR) the conversion of a loan extended by the company to its wholly owned subsidiary into equity shares, classified as an acquisition. No details on the loan amount, number of shares, valuation, or swap ratio were disclosed in the filing. This transaction involves no cash outflow from the parent and pertains to an existing wholly owned subsidiary.

Nuvoco Vistas Corporation LimitedMerger/Acquisitionneutralmateriality 4/10

03-02-2026

Nuvoco Vistas Corporation Ltd (543334) has consummated the acquisition of 100% securities of Algebra, as disclosed in an update under Regulation 30 (LODR) on BSE. This follows a prior letter dated November 17, 2025. No deal size, valuation, consideration structure, or financial impacts were disclosed.

  • ยทPrior disclosure reference: letter no. Sec/187/2025-26 dated November 17, 2025
UnknownMerger/Acquisitionneutralmateriality 6/10

03-02-2026

Promax Power Ltd (BSE: 543375) announced under Regulation 30 (LODR) the acquisition of 63.76% stake in Promax Solar One Hubli Private Limited. The acquisition is for the purpose of development, ownership and operation in the technology and energy sector. No deal value, consideration type, valuation, or financial impact details were disclosed.

Ace Software Exports ltd.Corporate Actionneutralmateriality 2/10

03-02-2026

Ace Software Exports Ltd. (BSE: 531525) announced under Regulation 30 (LODR) the submission of the Monitoring Agency Report for the quarter ended December 31, 2025, specifically in relation to its Rights Issue. No details on the quantum of the Rights Issue, fund utilization, financial metrics, or timelines are disclosed in the filing. This appears to be a routine compliance update post-Rights Issue.

The Investment Trust Of India LimitedMerger/Acquisitionneutralmateriality 5/10

03-02-2026

The Investment Trust Of India Ltd (BSE: 530023) has announced a scheme of demerger of the 'Corporate And MSME Loan Undertaking' division from its wholly owned subsidiary ITI Credit Limited, followed by the merger of the demerged division with its associate company ITI Finance Limited. No financial details, valuations, swap ratios, strategic rationale, or timelines are disclosed in the filing. This is a group restructuring event with no quantitative metrics or period-over-period comparisons provided.

Lumax Auto Technologies LimitedMerger/Acquisitionneutralmateriality 3/10

03-02-2026

Lumax Auto Technologies Limited has announced the effectiveness of the Scheme of Amalgamation between Greenfuel Energy Solutions Private Limited and Lumax Resources Private Limited, along with their respective shareholders and creditors. This confirms the completion of the merger process for these two private entities under the listed company's umbrella. No financial metrics, deal valuations, strategic rationales, or quantitative impacts were disclosed in the filing.

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India Technology Sector Merger & Acquisition Filings โ€” February 03, 2026 | Gunpowder Blog