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India Merger Acquisition MCA Regulatory Filings โ€” February 10, 2026

India MCA Merger & Acquisition Tracker

2 high priority37 medium priority39 total filings analysed

Executive Summary

A surge in SEBI SAST disclosures dominates the 39 filings dated February 10, 2026, with over 75% (30/39) signaling intentions or completions of substantial share acquisitions/changes, indicating a wave of promoter consolidation and stake-building across small/mid-cap technology and other sectors. Notable outright M&A includes MPS Ltd's completion of Unbound Medicine (USA tech) acquisition, Reliance Industries' 100% stake in Southern entity (tech), Apollo Hospitals' undisclosed acquisition (healthcare expansion), Talbros Automotive's 26% stake in CleanMax Kaziranga (solar for captive use), and full buyouts like Windsor Machines' Unitech and Shah Foods' unnamed entity. Repeated filings highlight building momentum in Baba Arts Ltd (3 filings), Ventive Hospitality (2), Reliance (2), and Apollo (2), suggesting targeted accumulation. No quantitative enriched data like YoY/QoQ trends, financial ratios, or valuations disclosed across filings, limiting trend synthesis but flagging uniform lack of transparency as a portfolio risk. Upcoming catalysts include MPS Ltd analyst call on Feb 18 (deal details) and Amrapali Fincap board meeting Feb 13 (scheme approval), positioning these as time-sensitive alpha opportunities amid neutral sentiment.

Tracking the trend? Catch up on the prior India Merger Acquisition MCA Regulatory Filings digest from February 09, 2026.

Investment Signals(12)

  • MPS Ltd(BULLISH)
    โ–ฒ

    Completed acquisition of Unbound Medicine Inc. (USA tech) via subsidiary, marking international expansion; analyst call Feb 18 to discuss

  • Acquired 100% equity in Southern entity (tech sector), reinforcing market leader's diversification; second filing confirms momentum

  • Acquired 26% stake in CleanMax Kaziranga for captive solar power, enabling ESG compliance and potential cost savings

  • โ–ฒ

    Multiple announcements of acquisition under Reg 30, signaling healthcare sector expansion by top player

  • โ–ฒ

    Update on 100% acquisition of Unitech Workholding Systems, full control consolidation in manufacturing

  • Acquisition of shares announced under Reg 30, potential tech sector growth synergies

  • Reg 29(2) disclosure from Hindustan Cotton & Others on substantial acquisition intent (materiality 6/10), promoter confidence signal

  • Reg 29(2) substantial acquisition/change (materiality 6/10), indicating control consolidation

  • Baba Arts Ltd(BULLISH)
    โ–ฒ

    Triple SAST filings (Reg 29(2), 10(6), 29(1)) from Gordhan P Tanwani & PACs, repeated stake building in tech sector

  • Dual SAST disclosures (Reg 31 & 29(2)) from BRE Asia and Deutsche Bank AG, institutional interest buildup

  • BLB Ltd(BULLISH)
    โ–ฒ

    Reg 29(2) prior intimation from Brij Rattan Bagri on potential 5%+ threshold cross (materiality 5/10), promoter conviction

  • โ–ฒ

    Reg 29(2) from Vinod Dugar & PACs on substantial transaction (materiality 5/10), realty consolidation signal

Risk Flags(10)

  • MPS Ltd/Disclosure Risk[HIGH RISK]
    โ–ผ

    Acquisition of Unbound Medicine completed but no financial terms, valuation, or integration details (medium risk), uncertainty on impact

  • 100% tech acquisition lacks deal size/consideration (medium risk), integration risks undisclosed

  • Dual acquisition filings with no target, valuation, or terms (medium risk, materiality 6/10), regulatory approval delays possible

  • Shah Foods/High Risk Acquisition[HIGH RISK]
    โ–ผ

    Board approved 100% equity buyout of unnamed entity, no details/rationale (high risk rated), integration hurdles likely

  • Equity acquisition of unlisted entity announced, no target name/size/timeline (medium risk)

  • Acquisition of step-down subsidiaries lacks size/impact details (low risk but uncertain synergies)

  • TAAL Tech/Merger Opacity[LOW RISK]
    โ–ผ

    Auditor appointment due to unspecified merger, no deal details (low risk but analysis limited)

  • Board meeting Feb 13 for unnamed Scheme of Arrangement, no structure/parties (low risk, tech sector)

  • Multiple SAST Filings/Lack of Quant[HIGH RISK]
    โ–ผ

    30+ SAST (e.g., Eco Hotels, Justo, Choice Intl) with no share counts/percentages/valuations, threshold cross uncertainty

  • Baba Arts Ltd/Repetition Risk[MEDIUM RISK]
    โ–ผ

    3 SAST filings sans quantitative changes, potential open offer trigger undisclosed

Opportunities(10)

Sector Themes(6)

  • SAST Disclosure Wave(THEME)
    โ—†

    30/39 filings are SAST Reg 29/31 (e.g., Baba Arts x3, Ventive x2), cluster on Feb 10 signals broad stake-building/consolidation in smid-caps, bullish for control stability but watch open offers

  • Technology Sector M&A Frenzy(THEME)
    โ—†

    10+ filings (MPS Unbound, Reliance Southern, Dev IT, Shah Foods, Kiran Vyapar SSA) highlight tech expansion/minority stakes, no valuations but USA/international angle outlier vs domestic

  • Promoter Consolidation Pattern(THEME)
    โ—†

    20+ SAST from individuals/PACs/HUFs (e.g., Gordhan Tanwani, Vinod Dugar, B K Narula), repeated in Baba/GRM/Sarla indicates conviction amid no financial deterioration data

  • Healthcare & Renewables Outliers(THEME)
    โ—†

    Apollo dual acquisitions (healthcare) + Talbros 26% solar stand out vs SAST-heavy pack, ESG/strategic minority stakes as relative performers

  • Lack of Quantitative Disclosure(THEME)
    โ—†

    Zero YoY/QoQ, ratios, or valuations across 39 filings (uniform 'no details'), heightens uncertainty but creates alpha from upcoming reveals (e.g., Feb 13/18 events)

  • Internal Restructuring Trend(THEME)
    โ—†

    4 filings (Genus subs, Roto Pumps amalgamation, Virtuoso sub stake, TAAL merger auditor) focus on group simplification, low materiality but capex-efficient growth path

Watch List(8)

Filing Analyses(39)
UnknownMerger/Acquisitionneutralmateriality 5/10

10-02-2026

MPS Ltd (532440) announced the completion of the acquisition of Unbound Medicine, Inc., USA, by its wholly owned subsidiary MPS North America LLC, under Regulation 30 (LODR). This is an update on the acquisition in the technology sector. No financial details, deal size, valuation, or strategic rationale were disclosed.

UnknownMerger/Acquisitionneutralmateriality 3/10

10-02-2026

MPS Ltd (BSE: 532440) has announced under Regulation 30 (LODR) an Analyst/Investor Meet in the form of a conference call scheduled for Wednesday, 18 February 2026, to discuss the acquisition of Unbound Medicine Inc., USA, in the technology sector. No details on deal structure, valuation, financial terms, or strategic rationale have been disclosed in this intimation. This is purely informational ahead of the call, with no quantitative metrics or impacts provided.

ECO HOTELS AND RESORTS LIMITEDMerger/Acquisitionneutralmateriality 4/10

10-02-2026

Eco Hotels And Resorts Ltd (BSE: 514402) has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE, pertaining to Vinod Kumar Tripathi. No specific details on share acquisition volume, percentage change, valuation, or transaction structure are provided in the filing. This is an informational SAST disclosure indicating a substantial acquisition or change in shareholding.

Justo Realfintech LimitedMerger/Acquisitionneutralmateriality 3/10

10-02-2026

Justo Realfintech Ltd (BSE: 544542) has filed a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received from Puspamitra Das, indicating an intention to acquire substantial shares in the company. No details on deal structure, valuation, stake percentage, consideration type, or timeline are disclosed in the filing. This is an early-stage prior intimation with no quantitative metrics or financial impact provided.

  • ยทScrip code: 544542
  • ยทSource: BSE
  • ยทSector: technology
Choice International LimitedMerger/Acquisitionneutralmateriality 2/10

10-02-2026

Choice International Ltd (BSE: 531358) announced receipt of disclosures under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, on February 09, 2026, pertaining to Patodia Properties Pvt Ltd. No quantitative details such as shareholding percentages, acquisition size, or transaction terms are disclosed in the filing. This is an informational SAST compliance filing with no material financial or operational metrics provided.

  • ยทDisclosure received by BSE on February 09, 2026
THREE M PAPER BOARDS LIMITEDMerger/Acquisitionneutralmateriality 6/10

10-02-2026

Three M Paper Boards Limited (BSE: 544214) made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, indicating a substantial acquisition or change in shareholding or voting rights exceeding thresholds. No specific details on parties involved, transaction value, share counts, or percentages are provided in the announcement. This is an informational SAST compliance filing with no financial metrics or outcomes disclosed.

ASI INDUSTRIES LIMITEDMerger/Acquisitionneutralmateriality 3/10

10-02-2026

ASI Industries Limited (BSE: 502015) announced under Regulation 30 (LODR) an agreement for the acquisition of equity shares of an unlisted entity on February 10, 2026. No details on the target entity name, deal size, valuation, consideration structure, strategic rationale, or expected timeline were disclosed. This is a preliminary intimation with no quantitative financial metrics or period-over-period comparisons provided.

Indo Borax & Chemicals LimitedMerger/Acquisitionneutralmateriality 3/10

10-02-2026

BSE received a disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Zenrock Chemicals Pvt Ltd for Indo Borax & Chemicals Ltd on February 10, 2026. No quantitative details, deal structure, valuation, shareholding changes, or strategic rationale were provided in the filing.

UnknownMerger/Acquisitionneutralmateriality 3/10

10-02-2026

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Indo Us Bio-Tech Ltd (scrip 541304) for Indo US Agriseeds Ltd. This filing signals an intention to acquire shares that may cross substantial acquisition thresholds in Indo US Agriseeds Ltd. No details on deal structure, parties, valuation, share counts, percentages, or financial metrics are disclosed.

UnknownMerger/Acquisitionneutralmateriality 2/10

10-02-2026

Baba Arts Ltd (BSE: 532380) has filed a disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by the Exchange for Gordhan P Tanwani on February 10, 2026. This indicates a substantial acquisition of shares triggering SAST disclosure requirements. No specific details on deal structure, valuation, share counts, percentages, or financial impacts are disclosed.

PRO CLB GLOBAL LIMITEDMerger/Acquisitionneutralmateriality 3/10

10-02-2026

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Niraj Nirmal Chamaria pertaining to Pro Clb Global Ltd (scrip: 540703) on February 10, 2026. This filing indicates an intention to acquire shares that may trigger substantial acquisition thresholds under SAST. No details on deal structure, valuation, share count, or financial terms are disclosed.

UnknownMerger/Acquisitionneutralmateriality 2/10

10-02-2026

TAAL Tech Ltd (BSE: 539956) disclosed the board meeting outcome dated February 10, 2026, announcing the appointment of M/s. TLB & Co. (Firm Registration No. 016505S), Chartered Accountants, as Statutory Auditors to fill a casual vacancy caused due to the merger of [details not specified]. No financial metrics, deal details, or performance indicators were mentioned in the filing.

Talbros Automotive Components LimitedMerger/Acquisitionneutralmateriality 4/10

10-02-2026

Talbros Automotive Components Ltd announced under Regulation 30 (LODR) an investment for acquisition of 26% equity share capital in CleanMax Kaziranga Private Limited to obtain solar power for captive consumption. No deal value, consideration type, or financial impact was disclosed. This is a minority stake acquisition aimed at securing renewable energy supply.

Ventive Hospitality LimitedMerger/Acquisitionneutralmateriality 4/10

10-02-2026

Ventive Hospitality Ltd (scrip code 544321) has disclosed information under Regulations 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The disclosure pertains to BRE Asia ICC Holdings Ltd and was received by BSE on February 10, 2026. No quantitative details such as shareholding patterns, acquisition volumes, percentages, or financial impacts are mentioned in the filing.

Reliance Industries LimitedCompany Updateneutralmateriality 5/10

10-02-2026

Reliance Industries Limited (BSE: 500325) announced an acquisition under SEBI LODR Regulation 30 on February 10, 2026, as per BSE filing. No details on deal structure, parties involved beyond the acquirer, valuation, or financial terms were disclosed. No quantitative metrics, positive or negative changes, or scheduled events were mentioned.

Reliance Industries LimitedMerger/Acquisitionneutralmateriality 5/10

10-02-2026

Reliance Industries Limited (BSE: 500325) announced under Regulation 30 of SEBI (LODR) Regulations, 2015, the acquisition of 100% equity stake in Southern .... No deal value, consideration structure, valuation, or financial impacts were disclosed in the filing. This technology sector acquisition lacks quantitative details for assessing materiality.

UnknownMerger/Acquisitionneutralmateriality 2/10

10-02-2026

T T Ltd (BSE: 514142) disclosed an update on acquisition where T.T. Brands Limited, a Promoter Group entity, acquired 1,25,125 shares of the company. No transaction value, consideration type, stake percentage change, or strategic rationale was provided in the filing. This appears to be a minor consolidation by promoter group with no disclosed financial or market impact.

Genus Power Infrastructures LimitedMerger/Acquisitionneutralmateriality 3/10

10-02-2026

Genus Power Infrastructures Limited announced under Regulation 30 (LODR) the acquisition of its step-down wholly-owned subsidiaries. No details on deal size, valuation, consideration, or strategic rationale were disclosed. This appears to be an internal restructuring with no quantitative financial impact mentioned.

Sungold Media and Entertainment LimitedMerger/Acquisitionneutralmateriality 3/10

10-02-2026

BSE received a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Raj Kotia pertaining to Sungold Media and Entertainment Limited (541799). This is a prior intimation requirement for potential acquisitions leading to 5% or more shareholding or subsequent 2% changes. No details on deal structure, size, valuation, shareholding changes, or strategic rationale were disclosed.

Ventive Hospitality LimitedMerger/Acquisitionneutralmateriality 3/10

10-02-2026

Ventive Hospitality Ltd (BSE: 544321) has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE from Deutsche Bank AG on February 10, 2026. This indicates Deutsche Bank AG's intention to acquire shares or encumbrance crossing specified thresholds in Ventive Hospitality Ltd. No quantitative details such as share count, percentage stake, transaction value, or financial metrics are disclosed in the filing.

UnknownMerger/Acquisitionneutralmateriality 5/10

10-02-2026

BLB Ltd (532290) has made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, received by BSE, pertaining to Brij Rattan Bagri. This filing indicates a prior intimation regarding a proposed acquisition or disposal of shares in BLB Ltd that may cross the 5% holding threshold or result in a 2% change in shareholding. No specific details on transaction size, share count, direction (acquisition or disposal), valuation, or parties beyond Brij Rattan Bagri are disclosed.

Sunshield Chemicals Ltd.Merger/Acquisitionneutralmateriality 4/10

10-02-2026

Sunshield Chemicals Ltd. (BSE: 530845) has disclosed under Regulation 29(2) of SEBI (SAST) Regulations, 2011, received by BSE on February 10, 2026, pertaining to Swarna Malhotra & PACs, indicating an intention to acquire substantial shares (crossing 5% threshold). No details on deal structure, valuation, share count, percentage stake, or transaction consideration are provided in the filing. This is an early-stage informational disclosure with no quantitative financial metrics or performance indicators mentioned.

UnknownMerger/Acquisitionneutralmateriality 3/10

10-02-2026

Baba Arts Ltd (532380) has made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on February 10, 2026, pertaining to Gordhan P Tanwani & Others. This filing indicates prior intimation of a proposed acquisition or disposal of shares that could cross substantial shareholding thresholds. No specific details on transaction size, shareholding changes, valuation, or parties' roles are provided in the filing.

Insecticides (India) LimitedMerger/Acquisitionneutralmateriality 3/10

10-02-2026

Insecticides (India) Ltd (BSE: 532851) has made a disclosure under Regulation 10(7) of SEBI (SAST) Regulations, 2011, in respect of an acquisition under Regulation 10(1)(a)(i), indicating a substantial acquisition of shares or voting rights crossing relevant thresholds. No details on parties involved, deal size, valuation, consideration, or strategic rationale are provided in the filing. This is a mandatory regulatory compliance filing with no quantitative financial metrics or further transaction specifics disclosed.

UnknownMerger/Acquisitionneutralmateriality 4/10

10-02-2026

BSE has received a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, for Baba Arts Ltd (532380) from Gordhan P Tanwani & Others. This filing signals a substantial acquisition of shares or change in voting rights crossing regulatory thresholds (typically 5% initial or 2% incremental). No quantitative details such as stake acquired, transaction value, shareholding patterns, or strategic rationale are disclosed.

Orosil Smiths India LimitedMerger/Acquisitionneutralmateriality 3/10

10-02-2026

Orosil Smiths India Limited (BSE: 531626) has made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on February 10, 2026, pertaining to B K Narula HUF. This filing indicates that B K Narula HUF has acquired or disposed of shares resulting in crossing a shareholding threshold (typically 5% or +/-2% change). No quantitative details such as share count, percentage change, transaction value, or shareholding patterns are disclosed in the filing.

Sarla Performance Fibers LimitedMerger/Acquisitionneutralmateriality 6/10

10-02-2026

Sarla Performance Fibers Limited (BSE: 526885) has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received from Hindustan Cotton Company & Others. This mandatory filing signals an intention to acquire shares that may result in crossing substantial acquisition thresholds in the company. No quantitative details such as share count, percentage stake, deal value, or transaction structure are disclosed.

RDB Real Estate Constructions LimitedMerger/Acquisitionneutralmateriality 5/10

10-02-2026

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Vinod Dugar & PACs for RDB Real Estate Constructions Ltd (544346) on February 10, 2026. This filing indicates an intended substantial acquisition or disposal of shares that could cross shareholding thresholds. No specific details such as share count, percentage change, transaction value, direction of trade, or parties' prior holdings were disclosed.

Dev Information Technology LimitedMerger/Acquisitionneutralmateriality 6/10

10-02-2026

Dev Information Technology Limited (BSE: 543462) announced the acquisition of shares under SEBI LODR Regulation 30 on February 10, 2026. No details on the target entity, deal structure, valuation, or financial terms are disclosed in the provided filing summary. This is an informational disclosure with no quantitative metrics or performance indicators mentioned.

UnknownMerger/Acquisitionneutralmateriality 4/10

10-02-2026

GRM Overseas Ltd (BSE:531449) has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Atul Garg & Others. This filing indicates an intention to acquire shares that may cross substantial shareholding thresholds (typically 5% or incremental 2% bands). No quantitative details such as deal size, share count, stake percentage, valuation, or transaction structure are disclosed.

UnknownMerger/Acquisitionneutralmateriality 4/10

10-02-2026

Shah Foods Ltd (BSE: 519031) announced under Regulation 30 (LODR) that its Board of Directors, at the meeting held on February 10, 2026, approved the acquisition of 100% of the equity share capital of an unnamed entity. No further details on the target, deal size, valuation, consideration structure, or strategic rationale were disclosed in the filing. This event is categorized in the technology sector.

Gujarat Winding Systems LimitedMerger/Acquisitionneutralmateriality 3/10

10-02-2026

BSE received a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Sanjeev Lunkad & PACs for Gujarat Winding Systems Ltd (541627). This filing signals intention to acquire shares in the company that may cross substantial acquisition thresholds such as 5% ownership or 2% incremental change. No quantitative details including share count, percentage stake, valuation, or transaction structure were disclosed.

Virtuoso Optoelectronics LimitedMerger/Acquisitionneutralmateriality 3/10

10-02-2026

Virtuoso Optoelectronics Ltd (BSE: 543597) announced under SEBI LODR Regulation 30 the acquisition of additional stake in its unnamed subsidiary on February 10, 2026. No quantitative details such as deal size, stake percentage acquired, consideration type, valuation, or financial impact were disclosed. This is purely an informational disclosure with no positive or negative metrics provided.

UnknownMerger/Acquisitionneutralmateriality 2/10

10-02-2026

Kiran Vyapar Ltd (BSE: 537750) made an announcement under Regulation 30 (LODR) on February 10, 2026, providing updates on acquisition with reference to an earlier intimation dated February 9, 2026, regarding execution of a Share Subscription Agreement (SSA) for acquisition of 0.681% stake. No details on the target entity, deal size, valuation, or transaction consideration were disclosed. The sector is noted as technology, but no strategic or financial impacts were mentioned.

  • ยทEarlier intimation dated February 9, 2026, referenced (copy attached but not detailed in provided text)
Apollo Hospitals Enterprise LimitedCompany Updateneutralmateriality 6/10

10-02-2026

Apollo Hospitals Enterprise Limited (BSE: 508869) announced an Acquisition under SEBI LODR Regulation 30 on February 10, 2026 via BSE. No details on target entity, deal structure, valuation, transaction type, or financial impacts are disclosed in the provided announcement summary.

  • ยทBSE stock code: 508869
  • ยทSource: BSE announcement
  • ยทSector: NOT_DISCLOSED
Apollo Hospitals Enterprise LimitedMerger/Acquisitionneutralmateriality 3/10

10-02-2026

Apollo Hospitals Enterprise Ltd (BSE: 508869) announced an acquisition under SEBI LODR Regulation 30 on February 10, 2026, with details as per enclosed annexure. No specific information on deal structure, parties involved, valuation, or financial terms is disclosed in the provided summary. This is an informational disclosure with no quantitative metrics or period-over-period comparisons mentioned.

Windsor Machines LimitedMerger/Acquisitionneutralmateriality 6/10

10-02-2026

Windsor Machines Limited has issued an update on the acquisition of 100% of the equity share capital of Unitech Workholding Systems Private Limited. No additional details such as deal size, valuation, strategic rationale, timelines, or financial impacts have been disclosed in the filing. This is purely informational with no quantitative metrics provided.

Amrapali Fincap LimitedMerger/Acquisitionneutralmateriality 3/10

10-02-2026

Amrapali Fincap Limited (BSE: 539265) has informed BSE on February 10, 2026, that a Board of Directors meeting is scheduled on February 13, 2026, inter alia, to consider and approve a proposal for a Scheme of Arrangement. No details on the structure, parties involved, valuation, consideration, or strategic rationale of the scheme have been disclosed. The company operates in the technology sector.

UnknownMerger/Acquisitionneutralmateriality 3/10

10-02-2026

Roto Pumps Ltd announced under Regulation 30 (LODR) the approval of the Scheme of Amalgamation of its wholly owned subsidiary, Roto Energy Systems Limited, with the Company. No financial details, valuation, swap ratio, or synergies were disclosed in the filing. This is an informational disclosure with no quantitative metrics provided.

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