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India Technology Sector Merger & Acquisition Filings — April 13, 2026

India Tech M&A Activity

24 medium priority24 total filings analysed

Executive Summary

Across 24 filings in India Tech M&A Activity on April 13, 2026, dominant themes include subsidiary consolidations and amalgamations (e.g., Pitti Engineering, Hathway Cable), stake build-ups via acquisitions (Healthcare Global to 85%, Coforge-Encora nearing close), and SEBI SAST disclosures revealing promoter/group stake adjustments, with 8/24 involving open market/open-offer exempt transfers. Period-over-period trends show mixed target growth: strong surges like Morris Linc (FY25-26 turnover Rs.56.08L vs Rs.5.80L FY24-25, +867% YoY), Patange Industries (Rs.903L FY24-25 vs Rs.52L FY23-24, +1624% YoY), but declines in SSSIL (FY24-25 Rs.6,842L vs FY23-24 Rs.7,342L, -6.8% YoY) and Ambuja Cements total turnover. Positive sentiments prevail in high-materiality deals (Coforge 10/10, Pitti/Healthcare 9/10), signaling efficiency synergies and expansion into AI/defence/tech services, while neutral/mixed dominate lower-impact SAST filings. Insider/promoter activity indicates conviction via builds (Kiri Industries promoters to 41.62%) but caution in sales (Sedemac 2.03% disposal, Mangalam promoter 0.31% drop). Forward catalysts cluster in late April-May 2026, with Coforge closure and Swan NCLT meeting. Portfolio implication: Tech M&A acceleration supports sector re-rating, but monitor pledge appropriations (SpiceJet) and sparse details in 4/24 SAST filings for hidden risks.

Tracking the trend? Catch up on the prior India Technology Sector Merger & Acquisition Filings digest from April 06, 2026.

Investment Signals(11)

  • All global approvals secured for Encora acquisition, $2.5B run-rate post-close with $2B AI-led services core, 20-25% G&A cost cuts on track, closure by end-April 2026

  • NCLT Hyderabad approved dispensation of meetings for amalgamation of wholly-owned subs PIPL/DFPL, post-board approval Feb 2026, to simplify structure/enhance synergies, no financial impacts

  • Completed acquisition of 34% in Vizag Hospital for Rs.154.5Cr, stake now 85% per SPA June 2024 amendments, no further disclosures needed

  • Acquired Patange Industries defence precision manufacturing via slump sale for Rs.5Cr (April 13, 2026), target turnover +1624% YoY FY24-25 (Rs.903L vs Rs.52L), aligns with defence expansion

  • Promoters/PACs allotted 5.145M warrants conversion, stake up to 41.62% from 36.62%, equity capital expands to Rs.651.68Cr

  • Completed 100% acquisition of Excelling Geo & Engineering making it WOS (April 13, 2026), all SPA conditions met post-Feb intimations

  • Invested Rs.5.61Cr in sub Morris Linc (50.01% held), sub turnover +867% YoY FY25-26 unaudited (Rs.56.08L vs Rs.5.80L), for capex/WC

  • Rs.35Cr rights issue in WOS SSSIL (remains 100% held), sub turnover +75.5% YoY FY23-24 but -6.8% FY24-25, supports broking growth

  • Roopam Financers open market buy 2.04% (7.13L shares April 10, 2026), total holding to 9.2% despite encumbrance rise to 8.39%

  • Fresh Rs.6.02Cr investment in 1.36L Ambuja Cements shares, target revenue +2.7% YoY FY24-25 (Rs.33,698Cr)

  • NCLT directs equity meeting May 25, 2026 for scheme with Triumph Offshore, creditor meetings dispensed

Risk Flags(9)

  • Authum appropriated 1.51% pledged shares (2.31Cr) for loan recovery (April 10, 2026), shifts from no-vote pledge to voting but signals debt pressure

  • 360 ONE funds disposed 2.03% (8.98L shares) open market April 9, 2026, aggregate holding drops to 4.06% from 6.09%

  • Promoter DY Captive sold 0.31% (4.4M shares April 9-10, 2026), stake to 5.36% from 5.67%

  • GTN Textiles[LOW RISK]

    Promoter inter-se gift transfer 11.27% (13.12L shares) March 25, 2026, Ankur to Swati Patodia, holding shift within family but reduces individual conviction

  • GIC/GOS sold 0.011% (0.27M shares) open market April 9, 2026, stake to 3.492% from 3.504%

  • Encumbrance rose to 8.39% from 6.34% post 2.04% buy, voting shares slight dip to 0.81%

  • Systematix SSSIL[LOW RISK]

    Sub turnover -6.8% YoY FY24-25 (Rs.6,842L vs Rs.7,342L FY23-24) despite prior +75.5%

  • No details on Rainbow Agri acquisition size/value/intent, potential material undisclosed changes

  • Threshold-crossing disclosures (Suhrud Patel, Malavika Mehta) lack share counts/direction, hides control shifts

Opportunities(8)

  • Coforge-Encora(HIGH ALPHA)

    Imminent close end-April 2026 post-approvals, $2.5B run-rate with AI focus, integration on track, front-end sales ready

  • Pitti Engineering Amalgamation(OPPORTUNITY)

    NCLT milestone April 10 order, simplifies structure for efficiencies/synergies, watch scheme approval

  • Jaykay Defence Acquisition(OPPORTUNITY)

    Rs.5Cr slump sale adds precision mfg capabilities, target +1624% YoY turnover, defence sector tailwinds

  • Healthcare Global Vizag(OPPORTUNITY)

    85% stake consolidates cancer centre ops, Rs.154.5Cr deal closed, potential revenue synergies

  • Kiri Industries Promoter Allotment(OPPORTUNITY)

    Stake to 41.62% signals conviction, post-warrant conversion April 11 board approval

  • Linc-Morris Linc(OPPORTUNITY)

    +867% YoY sub turnover, Rs.5.61Cr infusion for growth, unchanged 50% control

  • Fresh WOS in engineering consulting, SPA conditions met April 13

  • Equity meeting May 25 NCLT-directed, potential defence heavy industries expansion

Sector Themes(6)

  • Subsidiary Consolidations Rising(POSITIVE)

    6/24 filings (Hathway, Pitti, Linc, Systematix, Avonmore) show mergers/slump sales/investments in subs/WOS for efficiency, e.g., Pitti NCLT step, implies capex discipline and synergy unlocks

  • Promoter Stake Adjustments Neutral(NEUTRAL)

    10/24 SAST 29(2)/inter-se transfers (GTN 11.27% gift, Kiri +5% warrants, Mangalam -0.31% sale), aggregate promoter conviction mixed but no major promoter group erosion

  • Target Turnover Volatility(BULLISH OUTLIERS)

    7/24 with PoP data show extremes: +1624% Patange, +867% Morris Linc, but -6.8% SSSIL/Ambuja declines; average growth skewed positive by outliers, signals M&A for high-growth assets

  • NCLT/Regulatory Milestones Accelerating(CATALYST DRIVEN)

    3/24 (Pitti, Swan) hit key approvals/meetings (May 25 Swan), fast-tracking amalgamations amid simplifying structures

  • Defence/Engineering Expansion(SECTOR TAILWIND)

    Jaykay/Swan filings highlight precision mfg/defence M&A, with Patange +1624% YoY turnover, tapping India defence spend uptrend

  • Pledge/Debt Resolutions(CAUTIONARY)

    SpiceJet appropriation of 1.51% pledged shares, DB encumbrance +2bps, indicates lender stake conversions but potential distress signals

Watch List(8)

Filing Analyses(24)
Hathway Cable & Datacom LimitedMerger/Acquisitionneutralmateriality 2/10

13-04-2026

Hathway Cable & Datacom Limited acquired the remaining 49% equity stake (239,235 shares) in its subsidiary Hathway Channel 5 Cable and Datacom Private Limited for an aggregate consideration of ₹40,000 on April 13, 2026, making it a wholly owned subsidiary to consolidate business operations. Channel 5, engaged in Cable TV business in New Delhi, reported nil turnover for FY2025-26, FY2024-25, and FY2023-24.

  • ·Channel 5 incorporated on November 5, 1996.
  • ·Acquisition not a related party transaction; no promoter/promoter group interest.
  • ·No governmental or regulatory approvals required.
Pitti Engineering LimitedMerger/Acquisitionpositivemateriality 9/10

13-04-2026

Pitti Engineering Limited (PEL) disclosed that the National Company Law Tribunal (NCLT), Hyderabad Bench, approved the dispensation of meetings for equity shareholders, secured creditors, and unsecured creditors of PEL, Pitti Industries Private Limited (PIPL), and Dakshin Foundry Private Limited (DFPL) in connection with their Scheme of Amalgamation, via order dated April 10, 2026 (application CA (CAA) No.12/230/HDB/2026), uploaded on April 13, 2026. This follows the board approvals on February 5, 2026, and is a key procedural step for merging the wholly-owned subsidiaries into PEL to simplify corporate structure, enhance efficiencies, and generate synergies. No financial impacts or changes in share capital post-December 31, 2025, were noted.

  • ·PIPL incorporated January 19, 2006 (CIN: U31200TS2006PTC208072); registered office shifted from Karnataka to Telangana (confirmed November 11, 2025).
  • ·DFPL incorporated October 7, 2004 (CIN: U02710TS2004PTC210677); registered office shifted from Karnataka to Telangana (confirmed November 10, 2025).
  • ·PEL incorporated September 17, 1983 (CIN: L29253TG1983PLC004141); listed on BSE (513519) and NSE (PITTIENG); converted to public limited December 29, 1992; name changed May 8, 2018.
  • ·No changes in issued, subscribed, and paid-up capital of any company from December 31, 2025, till scheme filing.
  • ·Audited accounts as of March 31, 2025, and unaudited/limited review as of December 31, 2025, annexed but not detailed numerically here.
  • ·Board approvals for scheme: February 5, 2026; prior disclosure February 5, 2026.
Healthcare Global Enterprises LimitedMerger/Acquisitionpositivemateriality 9/10

13-04-2026

HealthCare Global Enterprises Limited completed the acquisition of additional 1,93,441 equity shares, representing 34% of Vizag Hospital and Cancer Research Centre Private Limited's equity share capital, for a total consideration of INR 154,50,17,135.82. This transaction, pursuant to the Share Purchase Agreement and Shareholders’ Agreement signed on June 28, 2024, and subsequent amendments, increases the Company's aggregate stake in Vizag Hospital to 85%. No additional disclosures are required per SEBI regulations.

  • ·Previous intimations and approvals dated June 28, 2024; July 02, 2024; October 01, 2024; October 02, 2024; March 29, 2026; March 30, 2026.
  • ·Share Purchase Agreement (SPA) and Shareholders’ Agreement (SHA) entered on June 28, 2024, amended on October 01, 2024 and March 29, 2026.
Swan Defence And Heavy Industries LtdMerger/Acquisitionneutralmateriality 9/10

13-04-2026

The Hon’ble NCLT Ahmedabad Bench, via order dated April 13, 2026, has directed Swan Defence and Heavy Industries Limited (SDHIL) to convene a meeting of its Equity Shareholders on May 25, 2026, in relation to the proposed Scheme of arrangement and amalgamation with Triumph Offshore Private Limited (TOPL). The order dispenses with the need for meetings of TOPL's Equity Shareholders and secured/unsecured creditors of both companies. This follows the board's approval of the Scheme disclosed on November 22, 2024.

  • ·NCLT order accessible on company website: https://www.sdhi.co.in/
  • ·Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015
  • ·BSE Scrip Code: 533107; NSE Symbol: SWANDEF
Coforge LimitedMerger/Acquisitionpositivemateriality 10/10

13-04-2026

Coforge Limited announced that all global regulatory approvals and statutory clearances for the acquisition of Encora have been secured without conditions, clearing the path for transaction closure by the end of April 2026. The combined entity is expected to operate at a ~$2.5B run rate, with a $2B core in AI-led engineering, data, and cloud services, and integration planning is progressing on schedule with leadership continuity secured. The cost optimization program targeting 20%-25% reduction in G&A costs is on track, supporting margin guidance.

  • ·Intent to acquire Encora announced on December 26, 2025
  • ·Front-end commercial and sales teams ready to commence collaborative operations immediately post-closing
  • ·BSE Scrip code: 532541; NSE Symbol: COFORGE; Equity ISIN: INE591G01025
DB (International) Stock Brokers LimitedMerger/Acquisitionmixedmateriality 8/10

13-04-2026

Roopam Financers Private Limited disclosed under SEBI Takeover Regulations 29(2) the open market acquisition of 7,13,308 equity shares (2.04%) in DB (International) Stock Brokers Limited as of 10/04/2026, increasing its total holding from 7.16% to 9.2%. While encumbrance rose from 6.34% to 8.39%, shares carrying voting rights slightly declined from 0.82% (2,90,375 shares) to 0.81% (2,83,683 shares). The target company's equity share capital remains Rs. 7,00,00,000.

  • ·Mode of acquisition: Open Market
  • ·Date of last purchase: 10/04/2026
  • ·NSE Symbol: DBSTOCKBRO
  • ·BSE Scrip Code: 530393
  • ·Acquirer not part of Promoter/Promoter group
  • ·Total diluted share/voting capital post-acquisition: Rs. 7,00,00,000
Padam Cotton Yarns Ltd.Merger/Acquisitionneutralmateriality 4/10

13-04-2026

RATHOD MANOJ CHHAGANLAL HUF, a non-promoter shareholder, disclosed under SEBI Regulation 29(2) the sale of its entire holding of 2781901 shares (1.26% of total equity) in Padam Cotton Yarns Limited via open market on April 13, 2026, reducing its stake to nil. Total equity share capital of the company remains 219470000 shares. No change in promoter holding or encumbrances reported.

  • ·Scrip Code: 531395
  • ·Disclosure filed to BSE Limited on April 13, 2026 from Ahmedabad
  • ·Acquirer not part of Promoter/Promoter group
Rama Petrochemicals LtdMerger/Acquisitionneutralmateriality 3/10

13-04-2026

BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, from Rainbow Agri Industries Ltd & Others pertaining to Rama Petrochemicals Ltd (BSE: 500358). This filing indicates a substantial acquisition or disposal of shares crossing regulatory thresholds in Rama Petrochemicals Ltd. No quantitative details such as share count, percentage change, deal value, or shareholding patterns were disclosed.

SpiceJet LimitedMerger/Acquisitionneutralmateriality 6/10

13-04-2026

Authum Investment & Infrastructure Limited acquired 2,31,07,588 equity shares (1.51% of total share capital) of SpiceJet Limited on April 10, 2026, by appropriating shares previously held as encumbrance for recovery of an outstanding loan. Prior to the acquisition, Authum held these shares in pledge (1.51%) with no voting rights, and post-acquisition, they now hold them as voting shares (1.51%) with no encumbrance. SpiceJet's total equity share capital remains unchanged at Rs. 15,26,09,94,920 comprising 1,52,60,99,492 equity shares of Rs. 10 each.

  • ·Disclosure filed pursuant to Regulation 29(2) of SEBI (SAST) Regulations, 2011.
  • ·Mode of acquisition: Appropriation of pledged shares held as continuing security for outstanding loan.
  • ·Shares are ordinary equity shares with face value of Rs. 10 each, no special rights.
  • ·PAN of Acquirer: AADCS2471H
  • ·Scrip Code: 539177, NSE Symbol: AIIL
Linc LimitedMerger/Acquisitionmixedmateriality 7/10

13-04-2026

Linc Limited invested Rs. 5,60,52,350/- in its subsidiary Morris Linc Private Limited for 56,05,235 equity shares of Rs. 10/- each at par, with allotment completed on April 13, 2026. The subsidiary's turnover surged to Rs. 56,08,682/- in FY 2025-26 (unaudited), up significantly from Rs. 5,80,032/- in FY 2024-25, though it had declined from Rs. 7,01,280/- in FY 2023-24. Shareholding remains unchanged at 50.01% for Linc Limited and 49.99% for Morris Co. Ltd., with proceeds for capital expenditure and working capital.

  • ·Morris Linc Private Limited incorporated on 28th June, 2023, in West Bengal, India.
  • ·No change in shareholding post-investment: Linc Limited 50.01%, Morris Co. Ltd. 49.99%.
  • ·Transaction is related party due to promoter interest; conducted at arm's length.
  • ·Proceeds to be used for capital expenditure and working capital.
Jaykay Enterprises LimitedMerger/Acquisitionpositivemateriality 7/10

13-04-2026

Jaykay Enterprises Limited executed a Slump Sale Agreement with Patange Industries Private Limited on April 13, 2026, to acquire its Business Undertaking engaged in defence precision manufacturing, fabrication, and engineering design services for a net cash consideration of Rs. 5,00,00,000 (₹5 Crore), subject to closing adjustments and fulfilment of conditions. The transaction is at arm's length, involves no shareholding in the target, and is not a related party transaction. No special rights such as director appointments or restrictions on capital structure were mentioned.

  • ·Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 read with SEBI Master Circular dated January 30, 2026
  • ·No shareholding in Patange Industries Private Limited
  • ·Transaction does not fall within related party transactions
  • ·No issuance of shares or special rights like director appointment or capital structure restrictions
Elpro International Ltd.Merger/Acquisitionmixedmateriality 5/10

13-04-2026

Elpro International Ltd acquired 1,36,000 equity shares of Ambuja Cements Limited for ₹6.02 Crores, representing a fresh investment with no prior holding. Ambuja Cements, the 9th largest cement producer globally and part of the Adani Portfolio, reported consolidated revenue from operations of ₹33,697.70 Crores in FY2024-25, up from ₹32,807.93 Crores in FY2023-24 (2.7% YoY growth), but total turnover declined from ₹39,674.74 Crores in FY2022-23 amid prior year challenges.

  • ·Ambuja Cements date of incorporation: 20/10/1981
  • ·Ambuja Cements website: www.ambujacement.com
  • ·Ambuja Cements country presence: India
  • ·Industry: Cement & Cement Products
  • ·Nature of consideration: Cash
  • ·No related party transaction
  • ·No governmental or regulatory approvals required
  • ·Disclosure under Regulation 30 of SEBI Listing Regulations
ORGANIC RECYCLING SYSTEMS LIMITEDMerger/Acquisitionneutralmateriality 3/10

13-04-2026

Organic Recycling Systems Ltd (BSE: 543997) has made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on April 13, 2026, pertaining to Suhrud Chimanbhai Patel. This filing indicates a potential crossing of shareholding thresholds (such as 5% acquisition or 2% change), but no specific details on transaction type, shares acquired/disposed, percentages, values, or pre/post holdings are disclosed. No quantitative financial metrics, deal structure, or further context is provided in the announcement.

PRABHHANS INDUSTRIES LIMITEDMerger/Acquisitionneutralmateriality 3/10

13-04-2026

Prabhhans Industries Limited has submitted a yearly disclosure under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, from its promoters for the financial year ended March 31, 2026, to the Bombay Stock Exchange. The disclosure details promoter shareholding but specific holdings or changes are not included in the filing notice. This is a standard compliance filing with no quantitative updates on acquisitions or takeovers provided.

  • ·Filing submitted to BSE Department of Corporate Services on April 13, 2026.
  • ·Financial year covered: ended March 31, 2026.
  • ·Company CIN: L70200TG1993PLC016389; Scrip Code: 530361; ISIN: INE428P01013.
Jaykay Enterprises LimitedMerger/Acquisitionpositivemateriality 9/10

13-04-2026

The Board of Directors of Jaykay Enterprises Limited approved the acquisition of the Business Undertaking of Patange Industries Private Limited (PIPL), engaged in defence precision manufacturing, fabrication, and engineering design services, via a slump sale on a going concern basis for a lump sum cash consideration subject to closing adjustments. This move aligns with JKE's strategy to expand in the Defence & Aerospace sector and enhance engineering capabilities. PIPL's turnover surged to ₹903.06 L in FY 2024-25 from ₹52.40 L in FY 2023-24 (significant growth), though it had declined from ₹174.58 L in FY 2022-23.

  • ·Date of Incorporation of PIPL: October 13, 2003
  • ·Board meeting held on April 13, 2026, from 11:30 a.m. to 01:00 p.m.
  • ·Country of operation: India
  • ·Acquisition via slump sale; no shares acquired, cash consideration with closing adjustments
  • ·No governmental or regulatory approvals required
GTN Textiles Ltd. (formerly known as GTN Industries Ltd.)Merger/Acquisitionneutralmateriality 7/10

13-04-2026

Promoters of GTN Textiles Ltd. completed an off-market inter-se transfer of 13,11,771 equity shares (11.27% voting rights) from Shri Ankur Patodia to Smt Swati Patodia (his wife) via gift on March 25, 2026, with no consideration involved. Swati Patodia's shareholding increased from 2,71,900 shares (2.34%) to 15,83,671 shares (13.60%), while Ankur Patodia's holding decreased from 13,11,771 shares (11.27%) to zero. The transaction is exempt from open offer under SEBI (SAST) Regulation 10(1)(a)(i), with post-acquisition report filed on April 13, 2026, and a compliance fee of Rs.1,77,000 paid.

  • ·Pre-acquisition disclosures under Regulation 10(5) intimated to company on March 21, 2026, and filed with BSE on March 24, 2026.
  • ·SEBI fee payment confirmation via transaction CCBIVHSTHOWUKX on April 13, 2026.
  • ·Company CIN: L18101KL2005PLC018062; Scrip Code: 532744.
Global Surfaces LimitedMerger/Acquisitionneutralmateriality 4/10

13-04-2026

Vatsankit Shah, a Promoter Group member of Global Surfaces Limited, acquired 8,45,906 equity shares representing 2.00% of the paid-up equity share capital from M/s. Vatsankit Shah Trust on March 20, 2026, through an exempt off-market inter-se transfer within the Promoter Group under Regulation 10(1)(a)(ii) of SEBI SAST Regulations. The transfer occurred pursuant to the dissolution of the trust upon Vatsankit Shah attaining majority, with nil consideration, and the aggregate Promoter and Promoter Group shareholding remains unchanged before and after the transaction.

  • ·Prior intimation under Regulation 10(5) submitted to stock exchanges on March 12, 2026.
  • ·Post-acquisition disclosures under Regulations 10(6) and 29(2) submitted on March 23, 2026.
  • ·Report under Regulation 10(7) dated April 8, 2026, with fees remitted on April 6, 2026 (UTR: HDFCH00914747209).
  • ·Trust created for Vatsankit Shah's benefit during minority; dissolved upon attaining majority.
Kiri Industries LimitedMerger/Acquisitionpositivemateriality 8/10

13-04-2026

Promoters and promoter group of Kiri Industries Limited, including Manishkumar P Kiri and persons acting in concert (PACs), were allotted 51,45,446 equity shares upon conversion of equivalent warrants on a preferential basis, approved by the board on April 11, 2026. This acquisition increases their shares carrying voting rights from 2,19,79,256 (36.62% of total share capital, 33.73% diluted) to 2,71,24,702 (41.62% of total and diluted share capital). The company's equity share capital expands from Rs. 600225540 (60,022,554 shares) to Rs. 651680000 (65,168,000 shares) post-allotment.

  • ·Disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
  • ·Filing date: April 13, 2026
  • ·Board approval date: April 11, 2026
  • ·Mode: Preferential allotment upon conversion of warrants per SEBI (ICDR) Regulations, 2018
  • ·Scrip codes: 532967 (BSE), KIRIINDUS (NSE)
EXPO ENGINEERING AND PROJECTS LIMITEDMerger/Acquisitionneutralmateriality 3/10

13-04-2026

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Malavika Aatur Mehta Niraalie Meynon pertaining to Expo Engineering And Projects Ltd (526614). This regulation mandates disclosure when a person holding more than 5% shares acquires or disposes of shares resulting in a 2% or more change in their holding. No details on share count, percentage change, direction (acquisition or disposal), valuation, or impact are provided in the filing.

Avonmore Capital & Management Services LimitedMerger/Acquisitionpositivemateriality 8/10

13-04-2026

Avonmore Capital & Management Services Limited has successfully completed the acquisition of 100% stake in Excelling Geo & Engineering Consultant Private Limited on April 13, 2026, making it a wholly owned subsidiary effective the same date. The transaction fulfills all conditions precedent stipulated in the Share Purchase Agreement, following prior intimations on February 13, 2026 and April 10, 2026. Details were previously disclosed in compliance with SEBI Listing Regulations.

  • ·Acquisition completed upon fulfillment of all conditions precedent in the Share Purchase Agreement.
  • ·Information available on company website: www.avonmorecapital.in
Systematix Corporate Services LimitedMerger/Acquisitionmixedmateriality 7/10

13-04-2026

Systematix Corporate Services Limited invested Rs. 35,00,07,200/- in its wholly owned subsidiary M/s. Systematix Shares and Stocks (India) Limited (SSSIL) through a rights issue, subscribing to 17,50,036 equity shares at Rs. 200/- each (premium Rs. 190/-), to support working capital needs as approved by shareholders at an EGM on October 14, 2024. SSSIL, a SEBI-registered broking and allied services firm, saw turnover grow 75.5% YoY to Rs. 7,342.19 lakhs in FY 2023-24 from Rs. 4,182.65 lakhs in FY 2022-23. However, turnover declined 6.8% YoY to Rs. 6,842.31 lakhs in FY 2024-25.

  • ·SSSIL date of incorporation: 08/05/1995
  • ·No change in the Company's shareholding percentage in SSSIL; remains wholly owned subsidiary
  • ·Transaction is a related party transaction at arm's length; promoters interested only to extent of shareholding and directorship
  • ·Face value of shares: Rs. 10/- each; issue price: Rs. 200/- per share
Shriram Finance LimitedMerger/Acquisitionneutralmateriality 2/10

13-04-2026

GIC Private Limited, acting for Government of Singapore (GOS) and Monetary Authority of Singapore (MAS), disclosed an open market sale of 266,269 equity shares of Shriram Finance Limited on 9 April 2026, reducing GOS's voting stake from 3.504% (82,433,496 shares) to 3.492% (82,167,227 shares) and total PAC holding from 4.287% (100,863,617 shares) to 4.276% (100,597,348 shares). MAS holding remained unchanged at 0.783% (18,430,121 shares). No changes in encumbrances, voting rights outside shares, or convertible securities.

  • ·Disclosure filed on 13 April 2026 under SEBI Regulation 29(2).
  • ·Sale triggered disclosure due to aggregate sales since last report (26 Mar 2024) and passive share capital changes.
  • ·No shares sold by MAS; total sale impact 0.011% of total share capital.
Sedemac Mechatronics LtdMerger/Acquisitionneutralmateriality 7/10

13-04-2026

360 ONE Monopolistic Market Intermediaries Fund and 360 ONE Special Opportunities Fund-Series 8 disposed of 8,97,861 equity shares (2.03% of total share/voting capital, 2.02% of diluted) of Sedemac Mechatronics Limited via open market transactions on April 9, 2026, pursuant to a staggered sale. This reduced their aggregate holding with PACs from 26,91,150 shares (6.09% voting, 6.04% diluted) to 17,93,289 shares (4.06% voting, 4.02% diluted), a drop of more than 2% triggering the disclosure. The total equity share capital is 4,41,61,500 shares, with diluted share capital at 4,45,53,000 shares.

  • ·Disclosure under Regulation 29(2) of SEBI (Substantial Disposal of Shares and Takeovers) Regulations, 2011
  • ·Shareholder pattern reference date: March 9, 2026
  • ·Acquirer not part of Promoter/Promoter group
  • ·No shares in encumbrance, other VR, or convertible instruments mentioned
Mangalam Industrial Finance LimitedMerger/Acquisitionneutralmateriality 5/10

13-04-2026

DY Captive Projects LLP, a promoter/promoter group entity of Mangalam Industrial Finance Limited, disclosed the sale of 44,00,479 equity shares (8,83,327 on April 9, 2026 and 35,17,152 on April 10, 2026) on the open market pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This reduced their voting shareholding from 80,829,853 shares (5.67% of total diluted share/voting capital) to 76,429,374 shares (5.36%), a decrease of 0.31% in stake percentage. No changes in encumbrances, warrants, or other voting rights instruments.

  • ·Disclosure filed with BSE Limited on April 13, 2026.
  • ·Mode of sale: Open Market.
  • ·No shares encumbered (pledge/lien/non-disposal undertaking).

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