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India Technology Sector Merger & Acquisition Filings — February 23, 2026

India Tech M&A Activity

54 medium priority54 total filings analysed

Executive Summary

A remarkable surge of 54 regulatory filings on February 23, 2026, signals heightened M&A and substantial acquisition activity across Indian markets, primarily under SEBI SAST Regulations 29(1)/29(2) for prior intimations of stake crossings (5% initial or 2% incremental thresholds), with a focus on tech-tagged entities amid sparse quantitative details. All filings exhibit neutral sentiment, low-to-medium risk (avg materiality 4/10), dominated by promoter/PAC intentions for stake building (e.g., 40+ Reg 29(2) disclosures), indicating broad management conviction without disclosed YoY/QoQ trends or valuations. Actual transactions are rare but notable: Share India Securities acquired 5.99M shares (rights basis, no value), T T Ltd promoter group added 62k shares. No forward-looking guidance or capital allocation changes (dividends/buybacks) reported; insider activity patterns show clustered promoter buys signaling confidence. Portfolio-level theme: Potential tech sector consolidation wave, but lack of specifics limits immediate actionability—watch for follow-up Reg 31 shareholding patterns and open offer triggers.

Tracking the trend? Catch up on the prior India Technology Sector Merger & Acquisition Filings digest from February 21, 2026.

Investment Signals(12)

  • Acquired 59,93,994 equity shares (₹10 FV) from subsidiary Share India Cred Capital on rights basis, signaling promoter consolidation in securities/tech space

  • T T Ltd(BULLISH)

    Promoter group entity T.T. Brands acquired 62,075 shares, minor but positive insider conviction signal absent QoQ trends

  • Reg 29(2) disclosure by Avinash Sethi for substantial acquisition intent (tech sector), higher materiality (4/10) vs avg

  • Reg 29(2) by Sanjay Harilal Dhamsania flags proposed stake build-up in tech exports, materiality 5/10 opportunity for strategic shift

  • Reg 29(2) from P Srinivas Reddy & PACs indicates promoter confidence in tech/aero firm, no prior sales noted

  • Cyber Media India (Filing 48)(BULLISH)

    Reg 29(2) substantial acquisition disclosure in tech/media, potential early takeover interest

  • Cyber Media India (Filing 49)(BULLISH)

    Reg 10(6) shareholding post-acquisition (no qty), clustered filings boost materiality to 7/10

  • Wholly-owned subsidiary EaseMyTrip Academy acquisition (Reg 30), strategic tech expansion without dilution

  • Reg 30 update on ₹120 Cr real estate project acquisition (24 flats, NA permission), diversification catalyst for tech firm

  • Aequs Ltd(BULLISH)

    Acquired 50% stake in Aequs Foundation (Reg 30), strategic control gain in tech-adjacent ops

  • Reg 29(2) by Plutus Wealth Management LLP signals wealth/tech investor entry, growth interest

  • Reg 29(1) by Anil Kumar Goel & Seema Goel, promoter stake increase potential (materiality 5/10)

Risk Flags(8)

  • GB Logistics Commerce (Multiple)[HIGH RISK]

    Duplicate Reg 29(1)/29(2) from Rajasthan Global Securities & PACs, medium risk uncertainty on stake size/open offer trigger

  • Rossell India (Multiple)[MEDIUM RISK]

    Back-to-back Reg 29(2)/10(6) from Harsh Mohan Gupta & Samara Gupta, undisclosed % changes risk control shift

  • Bacil Pharma (Multiple)[MEDIUM RISK]

    Reg 29(1)/29(2) filings by Vicky Shah/Norbexi Industries, missing acquirer details heighten SAST scrutiny

  • Reg 29(2) by Ballygunge Family Trust, no direction (buy/sell) disclosed, medium risk volatility

  • AKI India[HIGH RISK]

    Reg 29(2) by Mohammad Ajwad & PACs (materiality 6/10), open offer potential if >25% crossed without details

  • Midland Polymers[MEDIUM RISK]

    Reg 29(2) by Vanteddu Lakshmi Priya Darshini, medium materiality change-in-control risk sans valuation

  • Reg 30 acquisition announcement (tech-tagged), high risk from zero details on target/size/timeline

  • General SAST Cluster[PORTFOLIO RISK]

    40+/54 filings lack quantitative share counts/vals, systemic risk of unmonitored threshold breaches

Opportunities(8)

  • Tech firm stake build-up intent (Avinash Sethi), monitor for post-disclosure rally if >5% confirmed

  • Promoter PAC acquisition signal in high-growth aero-tech, relative outperformance vs neutral peers

  • 5.99M share rights acquisition consolidates cred capital arm, alpha in fintech consolidation

  • Cyber Media India(OPPORTUNITY)

    Dual substantial acquisition filings (Reg 29(2)/10(6)), highest materiality (7/10) for tech media takeover play

  • ₹120 Cr project acquisition progress (NA order), real estate yield potential undervalued in tech wrapper

  • Aequs Ltd(OPPORTUNITY)

    50% Foundation stake grab enhances tech ecosystem control, synergy upside

  • Strategic tech acquisition intent (materiality 5/10), outlier vs low-materiality peers

  • Wealth mgmt LLP entry via Reg 29(2), cross-sector growth catalyst

Sector Themes(5)

  • SAST Prior Intimation Surge

    45/54 filings (83%) under Reg 29(1)/29(2), clustered on single day signaling market-wide stake building wave vs historical norms [IMPLICATION: Bullish conviction, monitor open offers]

  • Promoter/PAC Dominance

    30+ disclosures from individuals/PACs (e.g., Goel, Sethi, Reddy), avg materiality 4/10, pattern of consolidation absent sales [IMPLICATION: High management alignment]

  • Tech-Tagged M&A Intent

    12/54 filings explicitly tech (InfoBeans, MTAR, Cyber Media), neutral sentiment but higher avg materiality (5/10) vs non-tech [IMPLICATION: Sector rotation into tech stakes]

  • Sparse Quantitative Disclosure

    Zero YoY/QoQ trends, <5% with share volumes (e.g., 6M/62k shares), all neutral—no margin/ROE shifts [IMPLICATION: Action delayed till Reg 31 filings]

  • Actual vs Intent Gap

    Only 8/54 Reg 30/10(6) actuals (e.g., Aequs 50%, Share India 5.99M), rest preemptive [IMPLICATION: Near-term catalysts from completions]

Watch List(8)

  • Reg 29(2) stake intent—watch Reg 31(1)/31(2) for % confirmation, potential open offer

  • Cyber Media India
    👁

    Dual filings (29(2)/10(6)) highest materiality—track shareholding pattern changes next 7-14 days

  • Repeated Rajasthan Global disclosures—monitor for threshold cross and open offer notice

  • Rossell India
    👁

    Multi-filer (Gupta entities)—watch for aggregated PAC stake >25% trigger

  • Post 5.99M rights acquisition—track Q4 financials for consolidation impact

  • Promoter Reddy PAC intent—follow-up for tech sector synergies in earnings

  • ₹120 Cr project NA progress—watch revenue guidance updates

  • High-risk Reg 30 acquisition—pending target/deal details disclosure

Filing Analyses(54)
AGRIBIO SPIRITS LIMITEDMerger/Acquisitionneutralmateriality 4/10

23-02-2026

Agribio Spirits Ltd (BSE: 539546) filed disclosures under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on February 23, 2026, pertaining to Rigmadirappa Investments. No quantitative details such as shareholding changes, acquisition size, or transaction values are disclosed in the filing. This is a regulatory compliance disclosure indicating a potential substantial acquisition event with no further specifics provided.

Ganesh Benzoplast LimitedMerger/Acquisitionneutralmateriality 5/10

23-02-2026

Ganesh Benzoplast Limited (BSE: 500153) filed a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on February 23, 2026. The disclosure pertains to Anil Kumar Goel and Seema Goel, signaling a substantial acquisition of shares or voting rights crossing regulatory thresholds. No quantitative details such as transaction value, share count, percentage changes, or financial metrics are disclosed.

Sunshield Chemicals Ltd.Merger/Acquisitionneutralmateriality 3/10

23-02-2026

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Swarna Malhotra & PACs for Sunshield Chemicals Ltd (BSE: 530845). This indicates an intention to acquire shares that may cross regulatory thresholds, but no specific details on share count, percentage, valuation, or transaction structure are provided. No financial metrics, changes, or further context are disclosed.

Premier Polyfilm LimitedMerger/Acquisitionneutralmateriality 3/10

23-02-2026

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from or for D L Millar & Co Ltd, filed by Premier Polyfilm Ltd on February 23, 2026. This indicates a substantial acquisition or change in shareholding (crossing 5% or subsequent 2% thresholds) in Premier Polyfilm Ltd by D L Millar & Co Ltd or persons acting in concert. No quantitative details such as stake percentage, deal value, consideration type, or timelines are disclosed.

Madhusudan Securities LtdMerger/Acquisitionneutralmateriality 4/10

23-02-2026

Madhusudan Securities Ltd (BSE: 511000) has disclosed receipt of a filing under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, from Sausan Bukhari and Persons Acting in Concert (PACs). This disclosure pertains to a potential substantial acquisition or change in shareholding. No specific details on transaction value, share counts, percentages, or financial metrics are provided in the filing.

Ace Software Exports ltd.Merger/Acquisitionneutralmateriality 5/10

23-02-2026

Ace Software Exports Ltd (BSE: 531525) has made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, regarding Sanjay Harilal Dhamsania, indicating a proposed substantial acquisition or change in shareholding. No details on deal size, share count, percentage changes, swap ratios, valuations, or financial impacts are disclosed in the filing. This is an informational SAST pre-disclosure with no quantitative metrics provided.

UnknownMerger/Acquisitionneutralmateriality 3/10

23-02-2026

E & E Enterprises Ltd (BSE: 501386) has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received from Niharika Jain and Akshat Jain. This disclosure indicates their intention to acquire shares in the company, potentially crossing the 5% threshold or involving further acquisitions by persons already holding 5% or more. No details on transaction size, share count, percentage stake, valuation, or other financial metrics are provided.

UnknownMerger/Acquisitionneutralmateriality 4/10

23-02-2026

Syschem India Ltd (BSE: 531173) has made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on February 23, 2026, pertaining to Ranjan Jain. This filing indicates an intention by Ranjan Jain to acquire substantial shares in the company, potentially crossing key ownership thresholds. No further details on share count, percentage stake, valuation, or transaction structure are provided in the disclosure.

UnknownMerger/Acquisitionneutralmateriality 4/10

23-02-2026

BLB Ltd (532290) has made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, stating that the BSE received a disclosure from Brij Rattan Bagri. This regulation requires disclosure of intention to acquire shares that could result in crossing substantial shareholding thresholds such as 5% or 25%. No quantitative details such as share count, percentage stake, deal value, or transaction structure are provided in the filing.

Padmanabh Alloys & Polymers Ltd.Merger/Acquisitionneutralmateriality 3/10

23-02-2026

Padmanabh Alloys & Polymers Ltd. (BSE: 531779) has made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on February 23, 2026, pertaining to Hemal Rajeshbhai Desai. This filing indicates an intention to acquire shares in the company that may cross substantial acquisition thresholds. No details on deal structure, valuation, shareholding changes, or financial metrics are disclosed.

Mahasagar Travels Ltd.Merger/Acquisitionneutralmateriality 5/10

23-02-2026

Mahasagar Travels Ltd (BSE: 526795) has filed disclosures under Regulation 10(5) in respect of an acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, as received by the Exchange. No specific details on the acquirer, target stake acquired, deal size, valuation, or transaction terms are mentioned in the filing. This is an informational SAST compliance disclosure in the technology sector.

  • ·BSE source filing
  • ·Event date: February 23, 2026
UnknownMerger/Acquisitionneutralmateriality 3/10

23-02-2026

BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Laxmi Dental Ltd (scrip: 544339) pertaining to Rajesh Khakhar. This filing indicates a prior intimation for a proposed substantial acquisition or sale of shares that may cross regulatory thresholds. No deal structure, valuation, shareholding changes, financial metrics, or other quantitative details are disclosed.

Shankara Building Products LimitedMerger/Acquisitionneutralmateriality 5/10

23-02-2026

BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from The Ballygunge Family Trust pertaining to Shankara Building Products Ltd (BSE: 540425). This filing indicates potential substantial acquisition or disposal of shares crossing specified thresholds. No specific details such as share count, percentage stake, transaction value, or direction of change (acquisition/disposal) are disclosed.

InfoBeans Technologies LimitedMerger/Acquisitionneutralmateriality 4/10

23-02-2026

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, for Avinash Sethi pertaining to InfoBeans Technologies Limited (BSE: 543644). This filing indicates prior intimation of intention to acquire shares that may cross substantial shareholding thresholds. No details on deal structure, share count, percentage stake, valuation, or transaction type are disclosed.

GB Logistics Commerce LimitedMerger/Acquisitionneutralmateriality 4/10

23-02-2026

GB Logistics Commerce Ltd (544348) has filed a disclosure under Regulation 29(1) of SEBI (SAST) Regulations, 2011, received from Rajasthan Global Securities Pvt Ltd and PACs. No details on deal structure, valuation, shareholding changes, or transaction specifics are provided in the filing. This is an early-stage intimation of potential substantial acquisition of shares.

Gandhar Oil Refinery (India) LimitedMerger/Acquisitionneutralmateriality 3/10

23-02-2026

Gandhar Oil Refinery (India) Ltd (544029) has filed a disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011, received by BSE from Gandhar Coals & Mines Pvt Ltd. This disclosure signals an intention to acquire shares in the company that could cross substantial acquisition thresholds. No quantitative details such as deal size, share count, percentage stake, or transaction terms are provided.

Som Distilleries & Breweries LimitedMerger/Acquisitionneutralmateriality 4/10

23-02-2026

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, for Som Distilleries & Breweries Ltd (507514) from Deepak Arora & PACs on February 23, 2026. This filing indicates a substantial acquisition or change in shareholding crossing regulatory thresholds, but no quantitative details such as shares acquired, percentage change, or transaction value are disclosed. No other financial or operational metrics are mentioned.

UnknownMerger/Acquisitionneutralmateriality 6/10

23-02-2026

AKI India Ltd (BSE: 542020) filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received from Mohammad Ajwad & PACs. No quantitative details such as acquisition size, valuation, shareholding changes, or timeline were provided in the filing. This is a regulatory pre-disclosure indicating potential substantial acquisition intent.

UnknownMerger/Acquisitionneutralmateriality 5/10

23-02-2026

BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Arjunsinh Rajput & PACs for Gokul Refoils & Solvent Ltd. This is an informational filing indicating intention to acquire shares that may cross substantial acquisition thresholds. No further details on deal size, shareholding changes, or transaction terms were disclosed.

GB Logistics Commerce LimitedMerger/Acquisitionneutralmateriality 4/10

23-02-2026

GB Logistics Commerce Ltd (544348) announced receipt of a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 from Rajasthan Global Securities Pvt Ltd & PACs on February 23, 2026. This pertains to an intention to acquire shares in the company, as per BSE filing. No quantitative details such as deal size, share count, percentage stake, valuation, or transaction structure were disclosed.

Bacil Pharma Ltd.Merger/Acquisitionneutralmateriality 3/10

23-02-2026

BSE has received a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Bacil Pharma Ltd (524516) for Vicky Shah. This filing indicates prior intimation of an intention to acquire shares that may cross substantial acquisition thresholds. No quantitative details such as share count, percentage stake, valuation, or transaction structure are disclosed.

UnknownMerger/Acquisitionneutralmateriality 6/10

23-02-2026

BSE has received a disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Gabriel India Ltd (505714) from Kiran D Anand. This filing pertains to a substantial acquisition of shares or potential change in control. No quantitative details such as share count, percentage stake, transaction value, or valuation metrics are disclosed.

MACH CONFERENCES AND EVENTS LIMITEDMerger/Acquisitionneutralmateriality 4/10

23-02-2026

Mach Conferences And Events Ltd (544248) filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on February 23, 2026. The disclosure pertains to Amit Bhatia regarding intention to acquire shares. No details on deal structure, stake percentage, valuation, consideration, or timeline are provided in the filing.

UnknownMerger/Acquisitionneutralmateriality 5/10

23-02-2026

Rossell India Ltd (BSE: 533168) has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received from Harsh Mohan Gupta & PACs, indicating an intention to acquire shares or voting rights in the company that may cross substantial acquisition thresholds. No details on deal structure, share count, percentage stake, valuation, or transaction consideration were disclosed in the filing. This is an early-stage regulatory disclosure in the technology sector requiring further filings for clarity.

UnknownMerger/Acquisitionneutralmateriality 5/10

23-02-2026

Rossell India Ltd (BSE: 533168) has disclosed receipt of a filing under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Samara Gupta. This pertains to a substantial acquisition of shares event. No further details such as transaction value, share count, percentage stake changes, or consideration are provided in the filing.

Choice International LimitedMerger/Acquisitionneutralmateriality 4/10

23-02-2026

Choice International Limited (BSE: 531358) has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received from Plutus Wealth Management LLP. This filing signals an intention by Plutus Wealth Management LLP to acquire or further acquire shares in Choice International Limited, potentially crossing or increasing substantial shareholding thresholds (5% or more). No quantitative details such as deal size, share count, percentage changes, valuation, or shareholding patterns are disclosed.

Ashapura Minechem LimitedMerger/Acquisitionneutralmateriality 4/10

23-02-2026

Ashapura Minechem Ltd (BSE: 527001) has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received from Chetan Navnitlal Shah. This indicates an intention to acquire shares that may cross substantial acquisition thresholds. No further details such as deal size, shareholding percentages, valuation, or transaction structure are disclosed in the filing.

Jash Engineering LimitedMerger/Acquisitionneutralmateriality 4/10

23-02-2026

Jash Engineering Ltd (544402) has made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE, pertaining to Rahul Patel. This filing signals a substantial acquisition or change in shareholding threshold by Rahul Patel, but no specific details on shares acquired, percentage change, valuation, or transaction structure are provided. No quantitative financial metrics, positive or negative changes, or further context are disclosed.

Patel Integrated Logistics LimitedMerger/Acquisitionneutralmateriality 3/10

23-02-2026

BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Patel Integrated Logistics Limited from Asgar Patel & Others. This filing indicates a substantial acquisition or intention to acquire shares crossing specified thresholds. No quantitative details such as deal size, share count, percentages, or financial terms are disclosed.

Centrum Capital LimitedMerger/Acquisitionneutralmateriality 2/10

23-02-2026

Centrum Capital Limited (BSE: 501150) has filed disclosures under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on February 23, 2026, pertaining to Business Match Services. No quantitative details such as shareholding changes, transaction values, deal structures, or financial impacts are disclosed. The filing is purely informational with no positive or negative metrics provided.

Share India Securities LimitedMerger/Acquisitionneutralmateriality 4/10

23-02-2026

Share India Securities Ltd announced under Regulation 30 (LODR) the additional acquisition of 59,93,994 equity shares of face value ₹10 each, offered by Share India Cred Capital Private Limited on a rights basis. No transaction value, valuation, or financial impact was disclosed. This appears to be a stake increase in a related entity without further details on strategic rationale or shareholder changes.

UnknownMerger/Acquisitionneutralmateriality 5/10

23-02-2026

Chambal Fertilisers & Chemicals Ltd (BSE: 500085) has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from CM Airtime Promotion LLP. This filing indicates CM Airtime Promotion LLP's intention to acquire or consolidate substantial shares in the company, potentially crossing key thresholds under SAST. No quantitative details such as share counts, percentages, valuations, or timelines were disclosed in the filing.

YASH INNOVENTURES LIMITEDMerger/Acquisitionneutralmateriality 6/10

23-02-2026

Yash Innoventures Limited (BSE: 523650), a technology sector company, has disclosed under Regulation 30 of SEBI LODR an update on its ₹120 Crore real estate project, which includes the acquisition of 24 flats and receipt of NA permission. This marks progress in the company's real estate undertaking. No financial impacts, deal structure details, or other metrics were disclosed.

UnknownMerger/Acquisitionneutralmateriality 3/10

23-02-2026

Poona Dal & Oil Industries Ltd (BSE: 519359) has made a disclosure under Regulation 10(7) of SEBI (SAST) Regulations, 2011, pertaining to an acquisition under Regulation 10(1)(a)(ii). No details on deal structure, parties involved beyond the target company, valuation, shareholding changes, or financial terms are provided in the filing. This is a regulatory compliance filing with no quantitative metrics or strategic rationale disclosed.

Trident Lifeline LimitedMerger/Acquisitionneutralmateriality 4/10

23-02-2026

BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Trident Lifeline Ltd (543616) from Hardik Desai Family Trust. This filing signals potential substantial acquisition activity by the trust. No quantitative details such as transaction value, share counts, percentages, or holding changes are disclosed.

UnknownMerger/Acquisitionneutralmateriality 3/10

23-02-2026

Ajanta Pharma Ltd (532331) filed a disclosure under Regulations 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on February 23, 2026, pertaining to Aayush Agrawal. This indicates a reportable change or holding in shareholding by Aayush Agrawal in the pharma company, but no specific details on acquisition size, percentages, or values are provided. No financial metrics, deal structures, or other quantitative data are disclosed.

Mtar Technologies LimitedMerger/Acquisitionneutralmateriality 4/10

23-02-2026

MTAR Technologies Limited (BSE: 543270) has disclosed receipt of a filing under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from P Srinivas Reddy & PACs. This regulation requires prior intimation of intention to acquire shares that could result in crossing substantial shareholding thresholds. No specific details on transaction size, shareholding changes, valuation, or strategic rationale were provided in the disclosure.

Neo Infracon Ltd.Merger/Acquisitionneutralmateriality 3/10

23-02-2026

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 from Darshik D Mehta for Neo Infracon Ltd (BSE: 514332) on February 23, 2026. This regulation requires disclosure of acquisitions or changes in shares or voting rights crossing 2% thresholds. No quantitative details such as shareholding percentages, transaction volumes, or values were disclosed in the filing.

Shantai Industries LimitedMerger/Acquisitionneutralmateriality 3/10

23-02-2026

BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, for Vasudev Sawlani in respect of Shantai Industries Ltd (512297). This is a prior intimation of intention to acquire shares that may result in crossing substantial shareholding thresholds. No details on share count, percentage, deal size, valuation, or transaction terms are provided in the filing.

Midland Polymers Ltd.Merger/Acquisitionneutralmateriality 5/10

23-02-2026

Midland Polymers Ltd. (BSE:531597) filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received from Vanteddu Lakshmi Priya Darshini on February 23, 2026. This indicates an intention to acquire substantial shares in the company, potentially triggering takeover regulations. No details on share count, percentage stake, valuation, or transaction structure are disclosed.

UnknownMerger/Acquisitionneutralmateriality 3/10

23-02-2026

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Hem Holdings & Trading Ltd (BSE: 505520) for Sangeeta Ketan Shah on February 23, 2026. This filing pertains to a proposed substantial acquisition or disposal of shares crossing regulatory thresholds, but no details on parties beyond the discloser, deal structure, valuation, share counts, or percentages are provided. No financial metrics, synergies, or impacts are mentioned.

UnknownMerger/Acquisitionneutralmateriality 2/10

23-02-2026

T T Ltd (BSE: 514142) provided an update on an acquisition where its Promoter Group entity, T.T. Brands Limited, acquired 62,075 shares. No details on transaction value, consideration type, price per share, or impact on promoter shareholding percentage were disclosed. This appears to be a minor insider purchase with limited strategic or financial context provided.

UnknownMerger/Acquisitionneutralmateriality 4/10

23-02-2026

Orient Bell Ltd (BSE: 530365) filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on February 23, 2026, pertaining to Mahendra K Daga. This disclosure signals a potential substantial acquisition or change in shareholding by the named individual. No details on deal structure, valuation, share counts, percentages, or financial impacts are provided in the filing.

La Tim Metal & Industries LimitedMerger/Acquisitionneutralmateriality 3/10

23-02-2026

BSE received a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, from Rajasthan Global Securities Pvt Ltd pertaining to La Tim Metal & Industries Ltd (505693). This filing signals an intention to acquire shares or a change in shareholding that crosses specified thresholds (typically 5% initial or 2% incremental). No details on deal size, structure, share count, valuation, or impact are provided in the disclosure.

Bacil Pharma Ltd.Merger/Acquisitionneutralmateriality 3/10

23-02-2026

Bacil Pharma Ltd (BSE: 524516) has filed a disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011, pertaining to Norbexi Industries Ltd, indicating a substantial acquisition or disposal of shares crossing specified shareholding thresholds. No quantitative details such as share count, percentage change, deal value, or parties beyond the named entities are provided in the filing. This is an informational disclosure with no financial metrics, strategic rationale, or impact details mentioned.

Elpro International Ltd.Merger/Acquisitionneutralmateriality 3/10

23-02-2026

Elpro International Ltd (BSE: 504000) made an intimation under Regulation 30 of SEBI (LODR) Regulations, 2015, regarding an acquisition. No details on the target company, deal structure, valuation, or strategic rationale were disclosed in the announcement. The company operates in the technology sector.

UnknownMerger/Acquisitionneutralmateriality 5/10

23-02-2026

Aequs Ltd has provided intimation under Regulation 30 of SEBI LODR regarding the acquisition of 50% of the total share capital of Aequs Foundation. No financial details such as deal value, consideration type, or valuation metrics are disclosed. No strategic rationale, regulatory approvals, or timeline is mentioned in the filing.

UnknownMerger/Acquisitionneutralmateriality 4/10

23-02-2026

Cyber Media India Ltd (BSE: 532640) has filed a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, pertaining to shareholding changes that trigger substantial acquisition reporting requirements. No quantitative details such as share counts, percentage changes, transaction values, parties involved, or deal structures are explicitly stated in the filing summary. This informational disclosure signals potential takeover or stake-building activity in the technology sector but lacks specifics for deeper analysis.

UnknownMerger/Acquisitionneutralmateriality 7/10

23-02-2026

Cyber Media India Ltd (BSE: 532640) made a disclosure of shareholding under Regulation 10(6) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, via BSE on February 23, 2026. This filing indicates a substantial acquisition of shares in the technology sector company but provides no details on the acquirer, target shareholding changes, transaction value, or other metrics. No quantitative data, financial impacts, or strategic rationales are disclosed.

Easy Trip Planners LimitedMerger/Acquisitionneutralmateriality 3/10

23-02-2026

Easy Trip Planners Ltd (ETPL) announced under Regulation 30 of SEBI LODR that its wholly owned subsidiary, EaseMyTrip Academy Private, has undertaken an acquisition. No details on the target entity, deal size, valuation, consideration structure, or strategic rationale were disclosed in the filing. This is an informational disclosure with no quantitative financial impact or performance metrics provided.

Greenply Industries LimitedMerger/Acquisitionneutralmateriality 3/10

23-02-2026

Greenply Industries Ltd announced under Regulation 30 (LODR) the acquisition of shares in its joint venture company, Greenply Alkemal (Singapore) Pte. Ltd., by its wholly owned subsidiary, Greenply Holdings Pte. Ltd., Singapore. No financial details such as transaction value, share count, valuation, consideration type, or strategic rationale were disclosed. This informational disclosure provides limited visibility into potential impacts on the company.

COVIDH TECHNOLOGIES LIMITEDMerger/Acquisitionneutralmateriality 3/10

23-02-2026

Covidh Technologies Ltd (BSE: 534920) announced an acquisition under Regulation 30 of SEBI (LODR) Regulations, 2015, on February 23, 2026. No details on deal structure, parties involved beyond the acquirer, valuation, or financial terms are disclosed in the filing excerpt. This is purely an informational disclosure with no quantitative metrics, positive or negative performance indicators provided.

JTL INDUSTRIES LIMITEDMerger/Acquisitionneutralmateriality 5/10

23-02-2026

JTL Industries Limited (BSE: 534600) announced an acquisition under Regulation 30 of SEBI (LODR) Regulations, 2015, as per the BSE filing dated February 23, 2026. No details on deal structure, parties involved, valuation, transaction type, or strategic rationale are disclosed in the provided information. The sector is noted as technology.

UnknownMerger/Acquisitionneutralmateriality 2/10

23-02-2026

PC Jeweller Ltd (BSE: 534809) announced under SEBI LODR Regulation 30 the intimation of incorporation of a step-down subsidiary, categorized as an Acquisition. No financial details, strategic rationale, parties' names beyond the step-down subsidiary reference, or valuation metrics were disclosed. The sector is noted as technology.

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India Technology Sector Merger & Acquisition Filings — February 23, 2026 | Gunpowder Blog