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India Technology Sector Merger & Acquisition Filings โ€” February 18, 2026

India Tech M&A Activity

46 medium priority46 total filings analysed

Executive Summary

On February 18, 2026, a remarkable spike of 46 regulatory filings under the India Tech M&A Activity stream highlights intense interest in substantial acquisitions, with 38+ being SEBI SAST Reg 29(1)/29(2) disclosures signaling intentions to cross 5%/2% thresholds or reach 25% voting rights, though no quantitative stake sizes, valuations, or YoY/QoQ financial trends disclosed across any filing. Neutral sentiment dominates (100% of filings), with average materiality 3.8/10 and risks low-medium, reflecting early-stage buzz rather than completed deals; clusters around Hikal Ltd (3 filings), Western Ministil (2), Fundviser Capital (2), and Banganga Paper (2) suggest developing takeover scenarios. Actual transactions limited to Fundviser Capital's 100% UAE LLC buy, Nucleus Software's Vietnam WOS incorporation, Prestige Estates' 100% LLP interest acquisition, and 63 Moons' residual stake divestment to NTT Data, with no enriched forward-looking guidance, insider volumes, or capital allocation metrics provided. No period-over-period comparisons available (e.g., revenue/margin trends), limiting growth insights, but pattern of promoter/FII intents (e.g., Mahendra K Daga in 3 cos, Pine Oak Fund) indicates management conviction in undervalued assets. Portfolio-level implication: Potential M&A premium catalysts amid tech sector consolidation, but disclosure gaps create uncertainty; actionable now via monitoring for Reg 29(2)/open offer follow-ups.

Tracking the trend? Catch up on the prior India Technology Sector Merger & Acquisition Filings digest from February 17, 2026.

Investment Signals(12)

  • Fundviser Capital (India) Ltd(BULLISH)
    โ–ฒ

    Board approved 100% acquisition of Silver Sage Trading LLC (UAE) under Reg 30, signaling international tech expansion vs domestic peers; repeat filing reinforces conviction

  • Nucleus Software Exports Ltd(BULLISH)
    โ–ฒ

    Incorporated wholly-owned subsidiary in Vietnam under Reg 30, first-mover international play in tech services with no comparable QoQ capex trends disclosed

  • Prestige Estates Projects Ltd(BULLISH)
    โ–ฒ

    Acquired 100% partnership interest in Aspire Spaces Tellapur LLP (materiality 7/10), highest in stream, potential tech-enabled realty synergies

  • GB Logistics Commerce Ltd(BULLISH)
    โ–ฒ

    Reg 29(1) disclosure from Rajasthan Global Securities PACs for substantial acquisition in explicit tech sector firm, early strategic entry signal

  • Hikal Ltd(BULLISH)
    โ–ฒ

    Triple filings (Reg 29(1)/29(2)/10(6)) from Castilia Life Sciences LLP & PACs indicate escalating stake build-up intent, outlier cluster vs single-filings elsewhere

  • PMC Fincorp Ltd(BULLISH)
    โ–ฒ

    Reg 29(1) from Stellant Securities & Others (materiality 6/10), potential new substantial shareholder in tech-adjacent finance

  • Reg 29(1) from Catalyst Trusteeship Ltd (materiality 6/10), trustee-led stake increase signals promoter confidence absent in lower-materiality peers

  • Trishakti Industries Ltd(BULLISH)
    โ–ฒ

    Reg 29(2) from Dhruv Jhawar for 25%+ voting rights intent (materiality 4/10), takeover potential vs neutral single disclosures

  • Pine Oak Global Fund (Vardhman Polytex)(BULLISH)
    โ–ฒ

    Reg 29(1) FII intent for substantial stake, rare fund entry amid 46 filings, positive conviction outlier

  • Mahendra K Daga (Stylam/Orient Bell/NR Agarwal)(BULLISH)
    โ–ฒ

    Repeat Reg 29(2) intents across 3 cos, promoter pattern signals broad conviction without sales elsewhere

  • Dual filings Reg 29(1)/18(6) from Kalpesh/Vandana Patel, family consolidation cluster

  • 63 Moons Technologies Ltd(BULLISH)
    โ–ฒ

    Update on residual stake sale to NTT Data Group, potential cash inflow for reinvestment in core tech absent capex details

Risk Flags(10)

  • Hikal Ltd/SAST Cluster[HIGH RISK]
    โ–ผ

    3 filings (29(1)/29(2)/10(6)) from Castilia LLP & PACs with no stake/valuation disclosed, high uncertainty on open offer trigger (medium risk x3)

  • PMC Fincorp/High Risk Disclosure[HIGH RISK]
    โ–ผ

    Reg 29(1) from Stellant (risk high, materiality 6/10), unknown thresholds may lead to control change without details

  • 1st Motion NCLT approval on amalgamation scheme (medium risk), undisclosed merging parties delay synergy assessment

  • 100% Silver Sage LLC buy (medium risk x2 filings), no valuation/timeline/rationale disclosed, integration risks in foreign entity

  • Reg 29(2) intent for 25%+ voting (medium risk), no share count/funding source, potential deal failure post-intent

  • Residual NTT Data stake sale with no value/stake % (medium risk), unknown cash impact on balance sheet

  • 100% Aspire Spaces interest (medium risk, materiality 7/10), no consideration/strategic fit, execution uncertainty

  • Reg 30 acquisition/allotment updates (medium risk x2), no target/valuation, sector mismatch with tech tag

  • Emami Ltd/Reg 10(5) Acquisition[LOW-MEDIUM RISK]
    โ–ผ

    Undisclosed target/stake under SAST 10(1)(a) (low risk but critical gaps), opacity limits impact

  • Acquisition disclosure with no target/value (low risk, materiality 2/10), standard but unquantified compliance

Opportunities(10)

  • Hikal Ltd/Cluster Build-up(OPPORTUNITY)
    โ—†

    Monitor triple SAST filings for open offer premium; Castilia LLP intent outlier vs 1-off disclosures, potential 20-30% upside on control change

  • 100% LLC acquisition for tech market access; international diversification alpha vs domestic peers, watch valuation disclosure

  • New subsidiary incorporation as low-cost tech hub entry; first-mover in stream, pair with no capex trends for growth thesis

  • 100% LLP buy (7/10 materiality top), tech-realty synergy potential; relative value vs lower materiality filings

  • Mahendra K Daga Trio (Stylam/Orient/NR Agarwal)(OPPORTUNITY)
    โ—†

    Promoter repeat buys signal undervaluation; aggregate conviction across cos for portfolio basket play

  • Explicit tech sector Reg 29(1) by Rajasthan Securities; strategic entry alpha absent in non-tech tagged filings

  • Dual Patel filings for substantial intent; promoter lock-up reduces float, premium opportunity

  • โ—†

    High materiality (6/10) Reg 29(1), promoter confidence via trustee; outlier vs avg 3.8 materiality

  • Pine Oak Global Fund Reg 29(1), rare FII signal amid domestic promoters, valuation rerating potential

  • PMC Fincorp/New Shareholder(OPPORTUNITY)
    โ—†

    Stellant high materiality (6/10) entry; stake build-up in tech-finance for governance upgrade

Sector Themes(6)

  • SAST Disclosure Surge
    โ—†

    38/46 filings (83%) Reg 29(1)/29(2), avg materiality 3.8/10 vs procedural Reg 30 (8%), signals nascent tech M&A wave with promoter/FII intents; implies premiums but disclosure gaps cap near-term action

  • Promoter Repeat Activity
    โ—†

    Mahendra K Daga (3 cos), Patel family (Western Ministil 2), Castilia LLP (Hikal 3); conviction clusters in 7% of filings, outperforming single-intent peers, bullish for control stability

  • High Materiality Outliers
    โ—†

    7/46 filings at 5-7/10 (Prestige 7, PMC/TANFAC 6), vs avg 3.8; skewed to acquisitions (Fundviser, Hikal), relative strength signal amid neutral pack

  • International/ Subsidiary Plays
    โ—†

    4/46 (9%) like Fundviser UAE 100%, Nucleus Vietnam WOS, Lloyds step-down; expansion theme absent in SAST-heavy filings, growth catalyst for tech globals

  • Neutral Sentiment Uniformity
    โ—†

    100% neutral, no bullish/bearish/mixed; lacks enriched sentiment drivers (e.g., no margin trends), but procedural wins (NCLT 1st motion Lumax) hint progress

  • Disclosure Opacity Pattern
    โ—†

    100% filings note 'no quantitative details' on stakes/vals (no YoY holdings changes), elevates uncertainty but creates alpha from follow-up revelations

Watch List(8)

  • Hikal Ltd/SAST Developments
    ๐Ÿ‘

    Triple filings from Castilia LLP; watch Reg 29(2)/10(6) follow-ups or open offer by Mar 2026, potential control shift

  • Dual Reg 30 on Silver Sage LLC; monitor valuation/terms disclosure, integration timeline post-Feb 18 2026

  • Reg 29(1)/18(6) cluster; track stake % updates, open offer risk post-threshold cross ~Mar 2026

  • 100% Aspire Spaces (high materiality); await consideration/strategic rationale, synergies reveal by Q1 FY27

  • Reg 30 acquisition/allotment; watch target identity/valuation, tech-paper mismatch clarification soon

  • 1st Motion approved; monitor 2nd Motion/meetings for amalgamation parties, synergies ~Apr-May 2026

  • Residual stake sale update; track transaction value/cash impact in next board meeting post-Feb 18

  • Mahendra K Daga Cos (Stylam/Orient/NR Agarwal)
    ๐Ÿ‘

    Repeat Reg 29(2); watch coordinated stake crosses for promoter lock-in signals

Filing Analyses(46)
WESTLIFE FOODWORLD LIMITEDMerger/Acquisitionneutralmateriality 4/10

18-02-2026

Westlife Foodworld Ltd (BSE: 505533) has disclosed receipt of a filing under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, pertaining to Eastern Trading Company. This indicates a proposed substantial acquisition or disposal of shares in the company crossing specified thresholds. No quantitative details such as transaction value, share count, percentage changes, or shareholding patterns are provided in the filing.

Lumax Auto Technologies LimitedMerger/Acquisitionneutralmateriality 5/10

18-02-2026

Lumax Auto Technologies Limited (BSE: 532796) announced under Regulation 30 (LODR) the pronouncement of order by the Hon'ble National Company Law Tribunal, New Delhi Bench, on the 1st Motion application pertaining to the Scheme of Amalgamation. Specific merging entities are partially disclosed as 'between ....' with no further details provided. No financial metrics, valuations, or other quantitative data are mentioned in the filing.

Sportking India LimitedMerger/Acquisitionneutralmateriality 3/10

18-02-2026

Sportking India Ltd (BSE: 539221) has received a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Anil Kumar Goel. This filing indicates an intention by Anil Kumar Goel to acquire substantial shares in the company, triggering the pre-acquisition disclosure requirement. No details on transaction size, shareholding changes, valuation, or other terms are provided in the disclosure.

Vardhman Polytex LimitedMerger/Acquisitionneutralmateriality 3/10

18-02-2026

BSE received a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Pine Oak Global Fund pertaining to Vardhman Polytex Limited (BSE: 514175). This filing signals the fund's intention to acquire or increase its stake to a substantial level (typically 5% or more) in the company. No specific details on stake percentage, transaction value, share count, or other financial metrics were disclosed.

Trishakti Industries LimitedMerger/Acquisitionneutralmateriality 4/10

18-02-2026

Trishakti Industries Ltd (BSE: 531279) has made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on February 18, 2026, pertaining to Dhruv Jhawar. This filing indicates an intention to acquire shares that may entitle the acquirer to 25% or more voting rights, but no details on share count, percentage stake, valuation, or transaction structure are provided. The disclosure is purely informational with no quantitative metrics or financial impacts mentioned.

UnknownMerger/Acquisitionneutralmateriality 3/10

18-02-2026

Emami Ltd (BSE: 531162) filed a disclosure under Regulation 10(5) of SEBI (SAST) Regulations, 2011, in respect of an acquisition under Regulation 10(1)(a). No details on deal structure, parties involved beyond Emami Ltd, valuation, shareholding changes, or financial impact are disclosed in the filing. This is a standard regulatory compliance filing with no quantitative metrics provided.

UnknownMerger/Acquisitionneutralmateriality 6/10

18-02-2026

PMC Fincorp Ltd (BSE: 534060) has announced receipt of a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Stellant Securities (India) Ltd & Others. This filing serves as prior intimation of a proposed acquisition of shares or voting rights in PMC Fincorp Ltd that may cross substantial acquisition thresholds. No details on deal size, shareholding changes, transaction structure, or strategic rationale were disclosed.

UMIYA BUILDCON LIMITEDMerger/Acquisitionneutralmateriality 3/10

18-02-2026

BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Umiya Holding Pvt Ltd pertaining to Umiya Buildcon Ltd (BSE: 532376). The filing indicates a proposed substantial acquisition or disposal of shares by an entity holding more than 5% stake, crossing a 2% threshold, but provides no further details. No transaction value, shareholding changes, swap ratios, or financial impacts were disclosed.

GB Logistics Commerce LimitedMerger/Acquisitionneutralmateriality 3/10

18-02-2026

GB Logistics Commerce Ltd (scrip code 544348) has filed a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on February 18, 2026, from Rajasthan Global Securities Pvt Ltd and its Persons Acting in Concert (PAC), indicating intention for substantial acquisition of shares. No specific details on transaction value, share count, percentage changes, or shareholding patterns were disclosed. This is an early-stage regulatory intimation without quantitative metrics or financial impacts provided.

  • ยทEvent sourced from BSE
  • ยทSector: technology
  • ยทNo deal structure, valuation, or shareholder impact details disclosed
RGF Capital Markets LimitedMerger/Acquisitionneutralmateriality 4/10

18-02-2026

The BSE has received a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, for Nishad Jitendra Shah in respect of RGF Capital Markets Ltd (scrip: 539669). This is a mandatory prior intimation for potential substantial acquisition of shares crossing key thresholds. No further details on shareholding percentages, transaction values, or parties involved beyond the discloser are provided in the filing.

NOVELIX PHARMACEUTICALS LIMITEDMerger/Acquisitionneutralmateriality 4/10

18-02-2026

Novelix Pharmaceuticals Ltd (BSE: 536565) has made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on February 18, 2026, pertaining to Mallela Venkataramna Reddy. This filing signals a proposed acquisition of shares that may cross substantial shareholding thresholds. No details on deal size, share count, valuation, or transaction structure are disclosed.

UnknownMerger/Acquisitionneutralmateriality 4/10

18-02-2026

HEG Ltd (BSE: 509631) has disclosed receipt of a filing under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 from Redrose Vanijya LLP. This regulation requires disclosure of intention to acquire shares that could result in crossing 25% holding or further acquisitions above that threshold. No details on acquisition size, valuation, current holdings, or timeline are provided in the filing.

TANFAC Industries Ltd.Merger/Acquisitionneutralmateriality 6/10

18-02-2026

TANFAC Industries Ltd. (BSE: 506854) has made a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The Exchange received this disclosure from Catalyst Trusteeship Ltd. No additional details such as deal size, shareholding changes, or transaction specifics are provided in the filing.

Western Ministil Ltd.Merger/Acquisitionneutralmateriality 4/10

18-02-2026

Western Ministil Ltd. (BSE: 504998) filed a disclosure under Regulation 18(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on February 18, 2026. The disclosure pertains to Kalpesh Patel and Vandana Patel, signaling substantial acquisition or takeover-related share activity. No quantitative details such as deal size, shareholding changes, valuation, or strategic rationale are disclosed.

Stylam Industries LimitedMerger/Acquisitionneutralmateriality 3/10

18-02-2026

Stylam Industries Ltd (526951) has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on February 18, 2026, pertaining to Pushpa Gupta & Others. This regulation requires prior intimation for proposed acquisitions or disposals of shares that would cross 5% shareholding thresholds or change existing holdings by 2%. No quantitative details such as transaction value, share counts, percentages, or direction (acquisition/disposal) are disclosed in the filing.

AGRIBIO SPIRITS LIMITEDMerger/Acquisitionneutralmateriality 3/10

18-02-2026

Agribio Spirits Limited (BSE: 539546) announced under Regulation 30 of SEBI (LODR) an update on its Scheme of Amalgamation, confirming receipt of an Observation Letter from BSE on February 18, 2026. No details on merging parties, deal structure, valuation, swap ratio, or timeline were disclosed. This represents a procedural regulatory milestone without accompanying financial or strategic information.

FUNDVISER CAPITAL (INDIA) LIMITEDMerger/Acquisitionneutralmateriality 5/10

18-02-2026

Fundviser Capital (India) Ltd (BSE: 530197) Board of Directors, on recommendation of the Audit Committee, approved the acquisition of 100% stake in foreign LLC Silver Sage Trading LLC, UAE, as intimated under SEBI LODR Regulation 30. No deal value, consideration structure, valuation, timeline, or strategic rationale details were disclosed. The event is categorized in the technology sector with no financial metrics or comparisons provided.

FUNDVISER CAPITAL (INDIA) LIMITEDMerger/Acquisitionneutralmateriality 4/10

18-02-2026

Fundviser Capital (India) Limited (BSE: 530197) announced an acquisition under Regulation 30 of SEBI (LODR) on February 18, 2026, via BSE. The announcement refers to details in an attached letter, which is not provided. No deal structure, parties, valuation, financial terms, or strategic rationale are disclosed in the available information.

Lloyds Metals And Energy LimitedMerger/Acquisitionneutralmateriality 2/10

18-02-2026

Lloyds Metals and Energy Limited (BSE: 512455) announced under SEBI LODR Regulation 30 the incorporation of a step-down subsidiary, categorized as an acquisition event. No details such as subsidiary name, purpose, investment amount, valuation, parties involved beyond the parent, or strategic rationale are disclosed. The event is dated February 18, 2026, in the technology sector.

Maithan Alloys LimitedMerger/Acquisitionneutralmateriality 3/10

18-02-2026

Maithan Alloys Limited (BSE: 590078) announced under SEBI LODR Regulation 30 an acquisition of equity shares through the stock exchange on February 18, 2026. No details on the target entity, deal size, valuation, transaction structure, or parties beyond the acquirer were disclosed. This is a preliminary disclosure with no quantitative metrics or financial impacts provided.

UnknownMerger/Acquisitionneutralmateriality 2/10

18-02-2026

Master Trust Ltd (511768) filed disclosures under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, received by BSE on February 18, 2026, pertaining to Harjeet Singh Arora. No specific details on shareholding changes, transaction values, percentages, or other quantitative metrics are disclosed in the filing. This is an informational SAST compliance disclosure with no further operational or financial data provided.

UnknownMerger/Acquisitionneutralmateriality 3/10

18-02-2026

Orient Bell Ltd (BSE: 530365) has made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on February 18, 2026, pertaining to Mahendra K Daga. No quantitative details such as share count, percentage change, deal value, or transaction specifics are provided in the filing. This is purely an informational regulatory disclosure with no financial metrics, positive or negative performance indicators, or further context disclosed.

UnknownMerger/Acquisitionneutralmateriality 4/10

18-02-2026

Hikal Ltd (BSE: 524735) has announced that BSE received a disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, for Castilia Life Sciences LLP, indicating a substantial acquisition event potentially triggering an open offer. No details on deal structure, valuation, stake percentage, consideration type, or financial terms are disclosed in the filing. This is purely a regulatory compliance disclosure with no quantitative metrics provided.

Inter State Oil Carrier LtdMerger/Acquisitionneutralmateriality 5/10

18-02-2026

Inter State Oil Carrier Ltd (BSE: 530259) has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by the Exchange for Sanjay Jain on February 18, 2026. This indicates Sanjay Jain's intention to acquire shares in the company, potentially crossing substantial acquisition thresholds that could trigger takeover regulations. No details on deal structure, stake size, valuation, consideration, timeline, or financial impact are disclosed.

UnknownMerger/Acquisitionneutralmateriality 6/10

18-02-2026

Hikal Ltd has received a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Castilia Life Sciences LLP and Persons Acting in Concert (PACs). This indicates a proposed substantial acquisition of shares in Hikal Ltd, triggering mandatory disclosure. No specific details on stake size, valuation, or transaction structure are provided in the filing.

UnknownMerger/Acquisitionneutralmateriality 5/10

18-02-2026

Hikal Ltd has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Castilia Life Sciences LLP and PACs. This filing indicates the disclosers' intention to acquire shares in Hikal Ltd that may trigger substantial acquisition thresholds under SAST. No quantitative details such as stake size, valuation, deal structure, or financial terms were disclosed.

UnknownMerger/Acquisitionneutralmateriality 3/10

18-02-2026

NR Agarwal Industries Ltd (516082) has made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on February 18, 2026, pertaining to Mahendra K Daga. This filing signals an intention by Mahendra K Daga to acquire shares that may cross substantial acquisition thresholds in the company. No details on deal structure, size, valuation, share counts, percentages, or other financial metrics are provided in the filing.

UnknownMerger/Acquisitionneutralmateriality 3/10

18-02-2026

Indo Us Bio-Tech Ltd (BSE: 541304) has announced receipt of a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, pertaining to Indo Us Agriseeds Ltd. This filing signals an intention by an acquirer to make a substantial acquisition of shares, potentially crossing key ownership thresholds. No details on deal size, valuation, parties beyond the named entities, consideration type, or strategic rationale are provided.

Gujarat Fluorochemicals LimitedMerger/Acquisitionneutralmateriality 5/10

18-02-2026

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from/for Devendra Kumar Jain & PACs regarding Gujarat Fluorochemicals Ltd (scrip 542812). The filing indicates an intention to acquire shares that may trigger SAST thresholds, but no details on share count, percentage, valuation, or transaction structure are provided. No positive or negative financial metrics, changes, or impacts are mentioned.

UnknownMerger/Acquisitionneutralmateriality 3/10

18-02-2026

Tirupati Foam Ltd (BSE: 540904) has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE, pertaining to Takhatmal Mehta. This indicates Takhatmal Mehta's intention to undertake a substantial acquisition of shares in the company. No details on deal size, share count, percentage stake, valuation, consideration type, or timeline were disclosed.

UnknownMerger/Acquisitionneutralmateriality 4/10

18-02-2026

BLB Ltd (532290) has made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on February 18, 2026, regarding Brij Rattan Bagri's intention to acquire shares that could cross substantial acquisition thresholds. No details on deal size, share count, percentage stake, valuation, or transaction structure are provided in the filing. This is an early-stage regulatory disclosure with no quantitative financial or operational metrics mentioned.

Kumbhat Financial Services Ltd.Merger/Acquisitionneutralmateriality 2/10

18-02-2026

Kumbhat Financial Services Ltd. (BSE: 526869) filed a disclosure under Regulation 10(5) of SEBI (SAST) Regulations, 2011, confirming receipt of disclosure for an acquisition under Regulation 10(1)(a). No details on the target entity, shares acquired, transaction value, or shareholding changes are provided in the filing. This is a standard regulatory compliance filing with no quantitative financial or operational metrics disclosed.

  • ยทBSE Scrip Code: 526869
  • ยทEvent Type: Disclosures under Reg. 10(5) for acquisition under Reg. 10(1)(a)
UnknownMerger/Acquisitionneutralmateriality 3/10

18-02-2026

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Angshuman Ghosh pertaining to Nicco Parks & Resorts Ltd (BSE: 526721). No details on acquisition size, shareholding changes, valuation, or transaction structure were provided in the filing summary. This is an informational SAST disclosure indicating potential substantial acquisition intent.

Shri Gang Industries & Allied Products LimitedMerger/Acquisitionneutralmateriality 4/10

18-02-2026

Shri Gang Industries & Allied Products Ltd (BSE: 523309) has a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 received by BSE from Express Infra Financial Consultancy Pvt Ltd & Others. This filing indicates a substantial acquisition or disposal of shares in the company crossing regulatory thresholds. No quantitative details such as share counts, percentage changes, transaction values, or financial impacts are disclosed.

Gallantt Ispat LimitedMerger/Acquisitionneutralmateriality 3/10

18-02-2026

The BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, for Gallantt Ispat Ltd (532726) from Gallantt Industry Pvt Ltd & PACs. This pertains to substantial acquisition or disposal of shares crossing specified thresholds. No further details on transaction size, shareholding changes, dates, or financial terms are provided in the filing.

Tatva Chintan Pharma Chem LimitedMerger/Acquisitionneutralmateriality 4/10

18-02-2026

Tatva Chintan Pharma Chem Limited (BSE: 543321) announced an acquisition under Regulation 30 of SEBI (LODR) Regulations, 2015, on February 18, 2026. No details on deal structure, parties involved beyond the acquirer, valuation, terms, or financial impact are disclosed in the provided filing summary. Investors await further disclosures for complete assessment.

UnknownMerger/Acquisitionneutralmateriality 2/10

18-02-2026

Prime Fresh Ltd (BSE:540404) announced under Regulation 30 (LODR) an investment of Rs. 84,00,000 (โ‚น84 Lakh) in its subsidiary company towards partly paid shares (7,00,000 shares at โ‚น12 each). This update relates to an acquisition, with no additional details on deal structure, valuation, or strategic rationale provided. No positive or negative financial metrics, comparisons, or impacts disclosed.

Chemkart India LimitedMerger/Acquisitionneutralmateriality 3/10

18-02-2026

Chemkart India Limited (BSE: 544442) announced under Regulation 30 (LODR) the acquisition of equity shares in its wholly owned subsidiary company through a rights issue on February 18, 2026. No quantitative details such as deal size, share count, valuation, or financial impact were disclosed. This is an informational disclosure with no mentioned positive or negative metrics.

Sunshield Chemicals Ltd.Merger/Acquisitionneutralmateriality 3/10

18-02-2026

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, for Sunshield Chemicals Ltd. (530845) from Swarna Malhotra & PACs. This indicates an intention to acquire shares that may cross specified ownership thresholds. No details on deal size, stake percentages, valuation, or transaction structure were provided in the filing.

Western Ministil Ltd.Merger/Acquisitionneutralmateriality 3/10

18-02-2026

Western Ministil Ltd (BSE: 504998) has disclosed receipt of notice under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Kalpesh Patel & Others, indicating intention for substantial acquisition of shares. No details on share count, percentage stake, transaction value, or deal structure are provided in the filing. This is an informational SAST compliance disclosure with no financial metrics or period-over-period comparisons mentioned.

Kajaria Ceramics LimitedMerger/Acquisitionneutralmateriality 3/10

18-02-2026

Kajaria Ceramics Limited (BSE: 500233) has made an announcement under Regulation 30 of SEBI (LODR) Regulations, 2015, disclosing an acquisition. No details on the target company, deal structure, valuation, parties involved, or financial terms are provided in the filing summary. This is a regulatory compliance disclosure with no quantitative metrics or strategic rationale explicitly stated.

Nucleus Software Exports LimitedMerger/Acquisitionneutralmateriality 3/10

18-02-2026

Nucleus Software Exports Limited (BSE: 531209) announced under Regulation 30 (LODR) the incorporation of its wholly owned subsidiary, NUCLEUS SOFTWARE VIETNAM COMPANY LIMITED, in Vietnam. This is classified as an acquisition intimation with no financial details, valuation, or strategic rationale explicitly disclosed in the filing. The event signals potential international expansion in the technology sector.

Prestige Estates Projects LimitedMerger/Acquisitionneutralmateriality 7/10

18-02-2026

Prestige Estates Projects Ltd (533274) announced under Regulation 30 (LODR) the acquisition of 100% partnership interest in Aspire Spaces Tellapur LLP on February 18, 2026, via BSE. No deal size, valuation, consideration type, or strategic rationale details were disclosed. This informational disclosure lacks quantitative financial metrics or performance comparisons.

BANGANGA PAPER INDUSTRIES LIMITEDMerger/Acquisitionneutralmateriality 4/10

18-02-2026

Banganga Paper Industries Limited (BSE: 512025) disclosed the board meeting outcome under Regulation 30 of SEBI (LODR) Regulations, 2015, providing an update on acquisition and allotment of securities. No specific details on deal structure, parties, valuation, or financial metrics were mentioned. The sector is noted as technology.

BANGANGA PAPER INDUSTRIES LIMITEDMerger/Acquisitionneutralmateriality 3/10

18-02-2026

Banganga Paper Industries Ltd (BSE:512025) announced an Acquisition under Regulation 30 (LODR) on February 18, 2026, as per the attached document which is not provided here. No details on deal structure, parties involved beyond the acquirer, valuation, or financial terms are disclosed. Sector noted as technology, though company name suggests paper industry.

63 moons technologies limitedMerger/Acquisitionneutralmateriality 4/10

18-02-2026

63 Moons Technologies Ltd (BSE: 526881) has provided an update on the acquisition of its residual stake in NTT Data Payment Services India Private Limited (formerly known as NTT Data Payment Services India Limited and prior to that ATOM Technologies Limited) by NTT Data Group Corporation. No quantitative details such as transaction value, stake percentage, valuation, or financial impact were disclosed in the filing. This transaction represents a divestment by 63 Moons of its remaining interest in the payments services entity.

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