India Technology Sector Merger & Acquisition Filings — December 16, 2025

16-12-2025

BSE received a disclosure under SEBI (SAST) Regulation 29(2) from Venkata Ramana Revuru for Mangalam Industrial Finance Ltd (537800), indicating intention to acquire shares potentially crossing substantial thresholds. No details on deal structure, quantum, valuation, or parties beyond the acquirer are provided. This is an early-stage SAST compliance filing with no merger/acquisition specifics confirmed.

• ·Regulation 29(2) SAST disclosure for proposed share acquisition by Venkata Ramana Revuru
• ·Target: Mangalam Industrial Finance Ltd (BSE:537800), sector labeled technology
• ·No quantitative data (transaction value, share count, percentages: all NOT_DISCLOSED)

16-12-2025

Bajaj Steel Industries Ltd has received a disclosure under SEBI SAST Regulation 10(6) from Vidarbha Tradelinks Pvt Ltd, indicating a substantial acquisition of shares triggering reporting requirements. No details on deal structure, valuation, share count, percentages, or financial metrics are disclosed in the filing. This is purely an informational SAST compliance filing with limited actionable data.

• ·Disclosure under Regulation 10(6) of SEBI (SAST) Regulations, 2011
• ·Acquirer: Vidarbha Tradelinks Pvt Ltd
• ·Target: Bajaj Steel Industries Ltd (BSE: 507944)
• ·All quantitative data (transaction value, share count, % changes) NOT_DISCLOSED

16-12-2025

BSE received a disclosure under SEBI SAST Regulation 29(2) from Srivenkata Ramana Tammisetti & Others for Fourth Generation Information Systems Ltd (532403), signaling intention to acquire substantial shares (likely >5%). No details on deal structure, valuation, share count, or percentages provided in the filing. This is an early-stage informational disclosure with no quantitative data.

• ·Disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011
• ·Acquirer: Srivenkata Ramana Tammisetti & Others
• ·Target: Fourth Generation Information Systems Ltd (532403), technology sector
• ·All quantitative data (transaction value, share count, percentages, financial metrics): NOT_DISCLOSED

16-12-2025

Bandhan Mutual Fund filed a disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011, for Ecos (India) Mobility & Hospitality Ltd (BSE: 544239), indicating intent to acquire substantial shares. No details on transaction value, share count, percentage, or structure are disclosed. This is an acquisition-related regulatory filing, not a merger.

• ·SEBI SAST Reg 29(2) disclosure by Bandhan Mutual Fund (acquirer)
• ·Target: Ecos (India) Mobility & Hospitality Ltd
• ·No quantitative data (value, shares, %) disclosed; all NOT_DISCLOSED

16-12-2025

Super Sales India Ltd. (512527) filed a disclosure under SEBI SAST Regulation 10(5) regarding an acquisition by Revanth under Regulation 10(1)(a). No details on transaction value, share count, percentage acquired, or deal structure are disclosed. This is a regulatory compliance filing indicating a substantial share acquisition exceeding 5% voting rights threshold.

• ·Acquisition by Revanth triggers SAST disclosure under Reg 10(1)(a), likely via open market/private means.
• ·Target: Super Sales India Ltd.; Sector: technology.
• ·All quantitative data (value, shares, %) NOT_DISCLOSED.

16-12-2025

BSE received a disclosure under Regulation 31(1) and 31(2) of SEBI (SAST) Regulations, 2011, for Panorama Studios International Ltd from Abhishek Pathak and Kumar Mangat R on December 15, 2025. No details on merger, acquisition, shareholding changes, transaction value, or percentages are provided in the filing summary. This is a compliance disclosure, not an explicit deal announcement.

• ·SAST disclosure for individuals Abhishek Pathak & Kumar Mangat R
• ·No quantitative data (shares, %, value) mentioned: NOT_DISCLOSED
• ·Event labeled as Merger/Acquisition but filing is routine SAST shareholding report

16-12-2025

BSE received a disclosure under SEBI SAST Regulation 29(2) from Peterhouse Investments Ltd regarding Usha Martin Ltd (517146). This indicates an intention to acquire shares that may cross substantial acquisition thresholds. No details on deal structure, size, valuation, or shareholding changes are disclosed.

• ·Acquirer: Peterhouse Investments Ltd
• ·Target: Usha Martin Ltd
• ·Regulation: SEBI SAST Reg 29(2) - intention to acquire substantial shares
• ·All quantitative data (transaction value, share count, % changes, financials): NOT_DISCLOSED

16-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011, from Jatinkumar Tulsibhai Patel for Vaghani Techno-Build Limited (531676). This signals potential substantial acquisition of shares but provides no details on merger/acquisition structure, valuation, or parties. All quantitative data such as transaction value, share count, and percentages are NOT_DISCLOSED.

• ·Regulation 29(2) SAST disclosure by Jatinkumar Tulsibhai Patel
• ·Event labeled as Merger/Acquisition but only SAST intent disclosed
• ·No deal structure, valuation, or financial metrics mentioned

16-12-2025

Hypersoft Technologies Ltd (BSE:539724) filed a disclosure under SEBI SAST Regulation 29(2) by Sudhakara Varma Yarramraju, indicating intention to acquire shares. No details on share count, percentage, valuation, or deal structure are disclosed in the filing. This is an informational SAST compliance filing with no quantitative data provided.

• ·Disclosure under SEBI (SAST) Reg 29(2) for potential substantial acquisition by Sudhakara Varma Yarramraju.
• ·Event dated December 16, 2025, from BSE; sector: technology.
• ·All transaction details (value, shares, % stake) NOT_DISCLOSED.

16-12-2025

Arman Holdings Ltd (538556) has disclosed under SEBI SAST Regulation 29(2) an acquisition event involving Varigate Advisory Services Pvt Ltd. No details on deal structure, valuation, share count, percentage, or consideration provided. This is a compliance filing indicating substantial acquisition activity in the technology sector.

• ·Regulation 29(2) SAST disclosure received by BSE for Varigate Advisory Services (P) Ltd as acquirer
• ·Target: Arman Holdings Ltd; Event type labeled as Merger/Acquisition but specified as SAST acquisition disclosure
• ·All quantitative data (transaction value, share count, % changes, financials) NOT_DISCLOSED

16-12-2025

Balurghat Technologies Ltd. (BSE:520127) filed a disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011, by Pawan Kumar Sethia, signaling potential substantial share acquisition. No details on deal structure, valuation, share count, or percentages are disclosed. This is an informational SAST pre-acquisition notice, not a merger.

• ·Regulation 29(2) SAST disclosure by Pawan Kumar Sethia
• ·Target: Balurghat Technologies Ltd., technology sector
• ·No quantitative data (transaction value, shares, %: NOT_DISCLOSED)

16-12-2025

Steel Exchange India Ltd has received a disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011 from Catalyst Trusteeship Ltd. No details on deal structure, parties beyond discloser, valuation, or transaction type are provided in the filing. This is an informational SAST pre-acquisition notice with no quantitative data disclosed.

• ·Disclosure under SEBI SAST Reg 29(2) by Catalyst Trusteeship Ltd.
• ·No merger/acquisition specifics, share counts, percentages, or financial metrics mentioned.
• ·Event dated December 16, 2025; sector noted as technology.

16-12-2025

Chembond Chemicals Ltd (BSE:544450) received a disclosure under SEBI SAST Regulation 29(2) from Nirmal V Shah on December 16, 2025, indicating intent to acquire shares crossing substantial acquisition thresholds. No details on deal structure, parties beyond acquirer, valuation, share count, or percentages are disclosed. This is an early-stage SAST compliance filing with no quantitative data provided.

• ·Regulation 29(2) SAST disclosure by Nirmal V Shah for substantial acquisition intent
• ·Target: Chembond Chemicals Ltd; no other parties, values, or metrics disclosed
• ·NOT_DISCLOSED: transaction value, share count, % changes, financial metrics

16-12-2025

BSE received a disclosure under SEBI SAST Regulation 29(2) from Leading Leasing Finance & Investment Company Ltd regarding Sri Adhikari Brothers Television Network Ltd. This indicates an intention to acquire shares that may cross substantial acquisition thresholds. No details on deal structure, quantum, or valuation provided.

• ·Regulation 29(2) disclosure signals potential substantial share acquisition by Leading Leasing in SABTNL.
• ·Event classified as Merger/Acquisition but filing specifies share acquisition intent only.
• ·All quantitative data (transaction value, share count, percentages) NOT_DISCLOSED.

16-12-2025

Achyut Healthcare Limited filed Merger/Acquisition on December 16, 2025 - Achyut Healthcare Ltd (543499) - The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeo... Source: BSE

• ·Filing Type: Merger/Acquisition
• ·Priority: MEDIUM
• ·Source: BSE
• ·Achyut Healthcare Ltd (543499) - The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Akshit M Raycha HUF
• ·Category: Merger/Acquisition

16-12-2025

Kalyan Capitals Ltd's board approved the acquisition of Non-Performing Assets (NPAs) through investment in CFM Asset Reconstruction Private Limited (CFMARC) on December 16, 2025. No details on deal size, valuation, structure, or consideration disclosed. This appears to be an acquisition via investment, with limited strategic or financial information provided.

• ·Board approval for NPA acquisition by investing in CFMARC.
• ·Event type: Acquisition; Parties: Kalyan Capitals (acquirer), CFMARC (investment target).
• ·All quantitative data (deal value, shares, percentages) NOT_DISCLOSED.

16-12-2025

Sagar Cements Ltd received a disclosure under SEBI (SAST) Regulations 31(1) and 31(2) from R V Consulting Services Pvt Ltd on December 16, 2025. No details on merger/acquisition structure, parties, valuation, shareholding changes, or quantitative metrics are provided in the filing. This is a routine regulatory shareholding disclosure with limited informational value.

• ·SEBI SAST Reg 31(1) & 31(2) disclosure by R V Consulting Services Pvt Ltd
• ·No transaction value, share count, percentage changes, or financial metrics disclosed
• ·Event mislabeled as merger/acquisition; filing indicates shareholding report only

16-12-2025

Anupam Rasayan India Ltd disclosed an audio recording of an investor call on 'US Acquisition Update' held on December 15, 2025, at 04:30 p.m. IST. No details on deal structure, parties, valuation, or financial metrics are provided in the filing. This is a regulatory compliance update under SEBI LODR.

• ·Investor call focused on US Acquisition Update.
• ·Audio recording informed to BSE on December 16, 2025.
• ·All quantitative data (transaction value, shares, percentages, financials) NOT_DISCLOSED.

16-12-2025

Royal Cushion Vinyl Products Ltd (526193) has received an observation letter from BSE for a proposed scheme of arrangement with Natroyal Industries Private Limited, positioning Royal as the Transferee Company. No details on deal structure, valuation, swap ratio, or financial metrics are disclosed. This represents an early regulatory milestone under SEBI LODR for listed entities.

• ·Scheme of arrangement involving Royal Cushion Vinyl Products Ltd (Transferee) and Natroyal Industries Private Ltd (likely Transferor).
• ·BSE observation letter received on December 16, 2025; no quantitative data (deal size, swap ratio, shareholding changes) disclosed.
• ·Implies progression toward NCLT approval, but critical details missing.

16-12-2025

Sarveshwar Foods Ltd board approved acquisition of 100% stake in Himalayan Ancient Foods Private Limited on Dec 16, 2025, to execute the HADP project. No deal size, valuation, or consideration details disclosed. Event disclosed via BSE under board meeting outcome.

• ·100% stake acquisition of unlisted target Himalayan Ancient Foods Pvt Ltd
• ·Strategic purpose: execution of HADP project
• ·No quantitative details (value, shares, financials) provided in filing

16-12-2025

Kamla Business Ventures Pvt Ltd filed a disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011 with BSE for Ganon Products Ltd (512443) on December 16, 2025. This signals intent to acquire shares crossing substantial acquisition thresholds, but no details on structure, size, valuation, or parties' roles are provided. Insufficient data limits deeper analysis of merger/acquisition implications.

• ·SEBI SAST Reg 29(2) disclosure by Kamla Business Ventures Pvt Ltd
• ·Target: Ganon Products Ltd (BSE: 512443), technology sector
• ·No quantitative data (transaction value, shares, percentages: NOT_DISCLOSED)

16-12-2025

Vishnu Prakash R Punglia Ltd received a disclosure under Regulation 31(1) and 31(2) of SEBI (SAST) Regulations, 2011 from Manohar Lal Punglia on December 16, 2025. No details on deal structure, shareholding changes, transaction value, or acquisition specifics are mentioned in the filing. This appears to be a routine promoter disclosure with no merger/acquisition details provided.

• ·Disclosure under SEBI SAST Reg 31(1)/(2) by Manohar Lal Punglia
• ·No quantitative data (transaction value, shares, percentages: all NOT_DISCLOSED)
• ·No merger, acquisition, or amalgamation details explicitly stated

16-12-2025

GEM Enviro Management Ltd (BSE:544199) board approved acquisition of 50.10% stake in unlisted Solluz Energy Private Limited on Dec 16, 2025. This grants controlling interest but no deal value, consideration type, or strategic details disclosed. Early-stage event with limited transparency.

• ·Acquisition of controlling 50.10% stake in Solluz Energy Pvt Ltd
• ·Board approval only; no valuation, cash/stock details, or synergies mentioned
• ·Technology sector context; potential cross-over to energy

16-12-2025

Mirza International Ltd (526642) filed a disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011, from Tasneef Ahmad Mirza, indicating intention to acquire substantial shares. No details on transaction value, share count, percentage, or structure provided; not a merger but an early-stage acquisition intent. Sector noted as technology.

• ·SAST Reg 29(2) disclosure by Tasneef Ahmad Mirza (likely promoter-related)
• ·Target: Mirza International Limited; no merger/amalgamation details
• ·All quantitative data (value, shares, %) NOT_DISCLOSED

16-12-2025

Pro Clb Global Ltd (BSE:540703) filed a disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011, by Amrit Nirmal Chamaria & Niraj Nirmal Chamaria, signaling intent to acquire shares potentially crossing substantial holding thresholds. No details on deal structure, size, valuation, or transaction specifics are disclosed. This is informational promoter activity in the technology sector with no quantified impact.

• ·SEBI SAST Reg 29(2) disclosure received by BSE on December 16, 2025
• ·Disclosers: Amrit Nirmal Chamaria & Niraj Nirmal Chamaria (likely promoters)
• ·All quantitative data (transaction value, share count, % changes, financials) NOT_DISCLOSED; no merger/amalgamation details provided

16-12-2025

Monarch Networth Capital Ltd has filed a disclosure under SEBI SAST Regulation 29(2) regarding Monarch Infrapark Pvt Ltd, indicating a substantial acquisition or disposal of shares crossing specified thresholds. No details on deal structure, value, percentages, or parties' roles are provided in the summary. This is an informational SAST filing with no quantitative data disclosed.

• ·Disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011, received by BSE on December 16, 2025.
• ·Involves Monarch Infrapark Pvt Ltd; all transaction details (value, shares, percentages) NOT_DISCLOSED.
• ·Listed entity: Monarch Networth Capital Ltd (BSE: 511551); sector tagged as technology.

16-12-2025

BSE received a disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011 from Maxgainz Finserve Pvt Ltd for Looks Health Services Ltd (BSE: 534422). This indicates a substantial acquisition or disposal of shares crossing specified thresholds. No details on deal structure, size, percentage, or parties' roles beyond the disclosing entity are provided.

• ·SAST Reg 29(2) disclosure by Maxgainz Finserve Pvt Ltd
• ·Target: Looks Health Services Ltd (technology sector)
• ·No quantitative data (transaction value, share count, % change) disclosed

16-12-2025

Saregama India Limited's board approved the acquisition of Bhansali Productions Private Limited on December 16, 2025, as disclosed to BSE. No details on deal structure, valuation, or consideration provided in the filing. Analysis limited to board approval fact.

• ·Board approval for acquisition of Bhansali Productions Pvt Ltd by Saregama India Ltd.
• ·Event date: December 16, 2025; disclosed via BSE.
• ·All quantitative data (deal size, shares, percentages, financials) NOT_DISCLOSED.