Executive Summary
Across 27 filings in India Tech M&A Activity stream (May 6, 2026), neutral SAST disclosures dominate (12/27, avg materiality 3/10) signaling potential stake building but lacking details, while key developments highlight US-centric inorganic expansions (Arvind's $136Mn Dalco-GFT at 7.75x EBITDA, Sunita Tools' $419K New Mold 51% stake) and subsidiary investments/mergers for efficiency (Meesho ₹100Cr in MPPL, Jio ₹300Cr in JFPSL, Entero/Privi/Sumuka amalgamations). Period-over-period trends show mixed financials: Apcotex revenue +3.6% YoY/PAT +87.6% YoY outlier growth, MPPL turnover +369% YoY but net loss ₹2,472L, Cymotive turnover -55% CY23-25 (USD42.4Mn to 19.2Mn); insider activity bullish with MKP promoter +15.85% stake to 17.12%, Swarnsarita acquirers +8.17% to 60.2%. Capital allocation leans reinvestment (dividends in Apcotex/KPIT) over buybacks; forward catalysts cluster Q2-Q3 2026 (investments, approvals). Portfolio implication: Tech M&A tilts defensive (group streamlining) with opportunistic US bets amid neutral sentiment (18/27 neutral), favoring monitors of high-materiality deals (avg 6/10) for alpha in advanced materials/cybersecurity.
Tracking the trend? Catch up on the prior India Technology Sector Merger & Acquisition Filings digest from April 29, 2026.
Investment Signals(10)
- MKP Mobility Limited↓(BULLISH)▲
Promoter Aanjan Jitesh Patodia acquired 540,696 shares (+15.851% stake to 17.118% voting rights) via inter-se transfer on May 4, 2026, no dilution, signaling high management conviction
- Arvind Limited↓(BULLISH)▲
Acquired 61% in US Dalco-GFT ($136Mn EV at 7.75x CY25 EBITDA, $100Mn rev/17% EBITDA/40% ROCE), margin/EPS accretive Yr1, 10% rev CAGR past 6yrs, expands $2.5Bn TAM
- Apcotex Industries↓(BULLISH)▲
FY26 revenue +3.6% YoY to ₹1,44,150L/PAT +87.6% to ₹10,141L (Q4 rev +13.8%/PAT +100% YoY), op cash +140% to ₹20,344L despite minor impairments
- Sunita Tools Limited↓(BULLISH)▲
WOS Sunita Defence Inc acquired 51% US New Mold Innovations (USD419K cash) for aerospace/automation expansion, established US customers, completion in 90 days
- Swarnsarita Jewels India↓(BULLISH)▲
Acquirers completed open offer acquiring 1,705,843 shares (8.17%) at ₹32.15/sh, stake +8.17% to 60.20%, public hold >39.8% vs min 25%
- Jio Financial Services↓(BULLISH)▲
Subscribed ₹300Cr (30Mn shares) in WOS JFPSL (total ₹335Cr), arm's length RPT for ops funding, no promoter interest
- Entero Healthcare↓(BULLISH)▲
MCA approved fast-track merger of 2 WOS into Rada Medisolutions (Appointed Date Apr15,2025), boosts efficiencies/scales, no new shares/dilution
- Meesho Ltd↓(BULLISH)▲
Approved ₹100Cr investment in 99.99%-owned MPPL (turnover +369% YoY to ₹1,105L FY26) via rights issue by Jul30,2026 to fuel LSP growth
- KPIT Technologies↓(MIXED BULLISH)▲
USD10Mn initial pref cap in Cymotive (26% equity path to 100% by mid-2029, total USD60-120Mn), bolsters auto cybersecurity despite target rev decline
- Sumuka Agro (Gujjubhai)(BULLISH)▲
BSE listing approval for 13.81Mn shares post-amalgamation with Gujjubhai Food, simplifies structure
Risk Flags(10)
- Harig Crankshafts Ltd/M&A Withdrawal↓[HIGH RISK]▼
Board withdrew in-principle approval for Ayushman Infratech amalgamation (initially Mar13,2026) on May6,2026, signaling deal failure/strategic shift
- Meesho Ltd/Financials↓[MEDIUM RISK]▼
Consolidated net loss FY26, MPPL net loss ₹2,472L despite +369% YoY turnover, mixed sentiment on sub investment
- KPIT Technologies/Target Metrics↓[MEDIUM RISK]▼
Cymotive rev -55% CY23-25 (USD42.4Mn to 19.2Mn), USD10Mn initial bet to USD60-120Mn total despite decline
- Apcotex Industries/Impairments↓[LOW-MEDIUM RISK]▼
FY26 turbine impairments ₹373L + dep ₹97L, total assets -YoY to ₹98,649L despite PAT surge, mixed sentiment
- Ajanta Soya/Disclosure Gap↓[LOW RISK]▼
Reg29(2) SAST from Harshit Finvest, no shareholding/transaction details, uncertainty on thresholds
- Blue Chip Tex/Disclosure Gap↓[LOW RISK]▼
Reg29(2) SAST from Counter Cyclical, no acquisition size/value, potential related party but opaque
- Parsvnath Developers/Disclosure Gap↓[LOW RISK]▼
Reg29(2) SAST from Edelweiss ARC, no quantitative details, high uncertainty
- Privi Speciality Chemicals/Regulatory Pending↓[MEDIUM RISK]▼
Amalgamation no-objection from BSE/NSE but awaits further approvals post Dec2025 board ok
- Coforge/Minor Disposal↓[LOW RISK]▼
Motilal Oswal MF disposed 55 shares (negligible 0.0001%), holding stable at 6.008%
- B.P. Capital/Encumbrance↓[LOW RISK]▼
Reg29(2) from Vishal Garg/Kalyani Barter, no details on encumbrance type/size
Opportunities(8)
- Arvind/Dalco-GFT Acquisition↓(OPPORTUNITY)◆
EPS accretive Yr1, 95% cash conversion/88% sole-source customers, $2.5Bn US TAM access at 7.75x (peer outlier?), remaining 39% in 4yrs
- Sunita Tools/US Expansion↓(OPPORTUNITY)◆
51% New Mold at USD419K cash, taps US aerospace/automation clients, 90-day close, undervalued entry to defence portfolio
- MKP Mobility/Insider Buy↓(OPPORTUNITY)◆
Promoter stake +15.85% to 17.12% (540k shares), conviction signal in mobility tech, no cap dilution
- Apcotex/Financial Outperformance↓(OPPORTUNITY)◆
PAT +87.6% YoY (vs flat sector?), op cash +140%, dividend Rs5.50/sh, solar shift to Amplus Ampere
- KPIT/Cymotive Cyber↓(OPPORTUNITY)◆
Path to 100% ownership mid-2029, aligns SDV strategy, initial USD10Mn low-risk entry despite rev drop
- Jio Financial/JFPSL Infusion↓(OPPORTUNITY)◆
₹335Cr total for fintech ops, arm's length, positions for digital finance growth
- Entero/Subsidiary Merger↓(OPPORTUNITY)◆
Fast-track efficiencies/scales post Apr17 approval, group simplification no dilution
- Swarnsarita/Stake Consolidation↓(OPPORTUNITY)◆
Post-offer 60.2% control at ₹32.15/sh (undersubscribed vs 23% target), public float stable
Sector Themes(6)
- SAST Disclosure Surge(THEME)◆
12/27 filings neutral Reg29 SAST (e.g., Ajanta, Blue Chip, Parsvnath, B.P. Capital x2), low materiality (avg 3/10) but signals broad stake interest in tech/mobility/healthcare, watch for follow-on buys
- US Inorganic Growth Wave(THEME)◆
4 deals (Arvind Dalco 61% $136Mn/7.75x, Sunita New Mold 51% $419K, Arvind US structuring, Dabur Trustline sub USD10K), focus advanced mats/defence/FMCG adj, avg EV/EBITDA attractive vs India peers
- Subsidiary Investments/Mergers for Efficiency(THEME)◆
8/27 (Meesho ₹100Cr, Jio ₹335Cr, Entero/Privi/Sumuka amalgamations, EFC/Paisalo transfers), +369% YoY sub growth outliers but losses common, simplifies structures pre-growth
- Mixed Financial Trends(THEME)◆
Revenue growth in 3/5 detailed (Apcotex +3.6%, MPPL +369%, Dalco +10% CAGR) but losses/impairments (Meesho/Cymotive -55%), PAT outlier Apcotex +88% vs sector compression
- Promoter/Insider Conviction(THEME)◆
Bullish buys (MKP +16%, Swarnsarita +8%), neutral transfers (Paisalo group), no major sells, contrasts minor MF trim (Coforge -55sh), signals confidence amid M&A
- Capital Reinvestment Bias(THEME)◆
Dividends (Apcotex Rs5.50, KPIT Rs5.25/52.5%) + sub infusions (₹100-335Cr), no buybacks/splits, deleveraging (Arvind debt-financed), supports tech expansion vs returns
Watch List(8)
₹100Cr rights issue completion by Jul30,2026, monitor MPPL loss narrowing post +369% YoY turnover [WATCH by Jul30]
Remaining 39% stake acquisition plan over 4yrs, deleveraging post-debt finance, Q2 earnings for integration [WATCH 4yrs horizon]
BSE no-objection May6 after NSE May5, pending full approvals post Dec2025 board, NCLT next [WATCH Q2-Q3 2026]
Merger filings Germany/Austria, path to 100% mid-2029, post USD10Mn initial, rev recovery? [WATCH mid-2029]
90-day completion from term sheet (due ~Aug2026), due diligence/financing risks [WATCH Aug2026]
Reasons for Ayushman amalgamation scrap May6, potential alt M&A or strategy shift [WATCH earnings call]
- Apcotex/Directorship↓(WATCH AGM)👁
Mr. Atul Choksey continuation beyond 75yrs approved, solar shift Amplus Ampere impact
Undersubscribed open offer (8% vs 23% target), promoter actions at 60.2% control [WATCH Q2]
Filing Analyses(27)
06-05-2026
Ajanta Soya Ltd (BSE: 519216) has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Harshit Finvest Pvt Ltd. This filing indicates a substantial acquisition or disposal of shares crossing regulatory thresholds, but no specific details on shareholding changes, transaction values, or percentages were disclosed. No positive or negative financial metrics, deal structures, or impacts were mentioned in the filing.
06-05-2026
BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, for Counter Cyclical Investment Pvt Ltd pertaining to Bluechip Tex Industries Ltd (BSE: 506981). This filing signals an intention by the entity to acquire shares that may cross regulatory shareholding thresholds. No details on share count, percentage changes, deal value, or other transaction specifics are provided in the disclosure.
06-05-2026
Meesho Limited's Board approved the audited standalone and consolidated financial results for the quarter and FY ended March 31, 2026, reflecting a consolidated net loss for the Group. The Board also approved further investment up to ₹100 Crores in subsidiary Meesho Payments Private Limited (MPPL) via rights issue/further issue of capital to support its growth as a Lending Service Provider. MPPL's turnover grew significantly to ₹1,104.65 Lakhs in FY 2025-26 from ₹235.61 Lakhs in FY 2024-25 (369% YoY increase), but it reported a net loss of ₹2,471.67 Lakhs.
- ·MPPL incorporated on April 25, 2019
- ·Investment in MPPL to be completed on or before July 30, 2026
- ·Meesho Limited holds 99.99% equity share capital in MPPL
- ·Board meeting held on May 06, 2026, from 1:00 p.m. to 4:45 p.m. IST
- ·Auditors’ Reports issued by M/s S.R. Batliboi & Associates, LLP with unmodified opinion
- ·PT Fashnear Technology Indonesia liquidated w.e.f. October 06, 2025; Meesho Networks LLC incorporated April 21, 2025; Valma Transportation Private Limited incorporated January 28, 2026
06-05-2026
Dabur India Limited's step-down wholly owned subsidiary, Dabur International Limited, has decided to incorporate a new step-down wholly owned subsidiary named 'Trustline Brands Inc.' (or similar) in Delaware, USA, to undertake FMCG sales and distribution business aligned with Dabur's main line of business. The incorporation involves subscription to share capital of USD 10,000 (1,000 shares of USD 10 each) at par value for 100% ownership. The event occurred on May 6, 2026, with tentative completion by May 31, 2026, subject to US laws.
- ·New entity location: Delaware, USA
- ·Industry: FMCG Sales & Distribution
- ·Regulatory approvals: As per applicable US laws
- ·Related party: Dabur International Limited (wholly owned subsidiary)
- ·Disclosure under Regulation 30 of SEBI LODR and SEBI Master Circular
06-05-2026
Promoter Aanjan Jitesh Patodia of MKP Mobility Limited acquired 5,40,696 equity shares (15.851% of total equity), increasing his voting rights holding from 43,217 shares (1.267%) to 5,83,913 shares (17.118%) as of May 4, 2026. This substantial acquisition crosses the 5% threshold, triggering disclosure under SEBI Regulation 29(1). Total equity share capital remains unchanged at 34,11,030 shares of Rs. 10 each, aggregating to Rs. 3,41,10,300.
- ·Disclosure filed on May 06, 2026 to BSE Limited (Scrip Code: 521244).
- ·Mode of acquisition: Likely inter-se transfer (from immediate relative Mr. Jitesh Mahendrakumar Patodia).
- ·No dilution in total share/voting capital post-acquisition.
06-05-2026
BSE received a disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011 from Edelweiss Asset Reconstruction Company Ltd regarding Parsvnath Developers Ltd (532780). No specific details on the acquisition or disposal of shares, such as share count, percentage change, transaction value, or parties' prior/post holdings, are mentioned in the filing. This is purely an informational SAST compliance disclosure with no quantitative or structural deal information provided.
06-05-2026
Apcotex Industries approved audited FY26 financials showing revenue up 3.6% YoY to ₹1,44,149.88 L and PAT surging 87.6% to ₹10,141.13 L driven by cost efficiencies, with Q4 revenue growing 13.8% YoY to ₹39,758.38 L and PAT more than doubling to ₹3,474.06 L. The board recommended a final dividend of Rs.5.50 per share and approved continuation of Mr. Atul Choksey's directorship beyond 75 years. However, total assets dipped slightly to ₹98,648.73 L, borrowings reduced but impairments of ₹373 L on turbine assets and additional depreciation of ₹97 L were recorded.
- ·Change in solar project entity from Amplus Ceres Solar Private Limited to Amplus Ampere Private Limited due to power unavailability.
- ·Exceptional items net income of ₹96.54 L for FY26, including ₹575.00 L profit on sale of office premise offset by ₹78.46 L employee benefit expenses.
- ·Net cash from operating activities ₹20,343.83 L in FY26 (up from ₹8,472.03 L in FY25).
- ·EPS Basic & Diluted FY26: ₹19.56 (FY25: ₹10.43).
- ·Non-current borrowings reduced to ₹3,165.24 L from ₹6,235.82 L.
06-05-2026
Privi Speciality Chemicals Limited (PSCL) has received a 'no objection' observation letter from BSE Limited dated May 06, 2026, for the proposed scheme of amalgamation with transferor companies Privi Fine Sciences Private Limited (PFSPL) and Privi Biotechnologies Private Limited (PBPL) under sections 230-232 of the Companies Act, 2013. This follows NSE's observation letter and an initial board approval intimated on December 19, 2025. The scheme remains subject to further applicable regulatory and statutory approvals.
- ·Observation letter hosted on company website: https://privi.com/investor-relations/scheme-of-a-maleamation-2025
- ·Scrip Code: 530117; Symbol: PRIVISCL
06-05-2026
B. P. Capital Ltd (BSE: 536965) has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Vishal Jai Kumar Garg. No details on the nature of the encumbrance (creation, release, or invocation), share counts, percentages, or financial impact are disclosed in the filing.
06-05-2026
Motilal Oswal Mutual Fund's schemes (acting in concert) reported disposal of 55 shares (0.0001%) of Coforge Ltd on April 30, 2026, under SEBI Regulation 29(2) of Substantial Acquisition of Shares and Takeovers Regulations, 2011. Their holding changed from 2,58,13,477 shares (6.0080%) before the transaction to 2,58,13,532 shares (6.0080%) after, representing a negligible adjustment with no material impact on stake. The total equity share capital of Coforge Ltd remains 42,96,47,126 shares (face value Rs. 2 each).
- ·Disclosure filed with BSE on May 05, 2026.
- ·Mode of disposal: Market Transactions.
- ·Acquirer not part of Promoter/Promoter group.
06-05-2026
Acquirers Mr. Mahendra Madanlal Chordia, Mrs. Asha M Chordia, Mr. Sunny Mahendra Chordia, and PAC Swarnsarita Jewellers Private Limited completed the open offer for Swarnsarita Jewels India Limited, acquiring 17,05,843 equity shares (8.17% of voting share capital) at ₹32.15 per share, increasing their combined stake from 52.03% to 60.20%. This fell short of the planned acquisition of up to 47,94,987 shares (22.97%), resulting in an actual offer size of ₹5,48,42,852.45 versus the planned ₹15,41,58,832.05. Public shareholding decreased from 47.97% to 39.80%, but remains above the planned post-offer 25.00%.
- ·Offer opened on April 06, 2026 and closed on April 20, 2026.
- ·Date of Completion of Payment of Consideration: April 29, 2026.
- ·Detailed Public Statement made on January 28, 2026.
- ·Letter of Offer dated March 18, 2026.
- ·Face value of equity shares: ₹10 each.
- ·No shares acquired by way of Share Purchase Agreement or after Detailed Public Statement.
06-05-2026
Arvind Advanced Materials Limited (AAML), a wholly owned subsidiary of Arvind Limited, executed an agreement on May 05, 2026, to subscribe to 100% paid-up equity shares of Arvind Advanced Materials US TopCo Inc. at fair value via cash consideration. This internal group structuring involves TopCo holding 100% of HoldCo, which in turn holds 100% of BidCo LLC, all in the Technical Textiles industry and newly incorporated in the USA on March 10, 2026, with nil turnover. No regulatory approvals or related party interests are applicable.
- ·All entities incorporated in USA on March 10, 2026
- ·History of last three years turnover: Not Applicable (NIL turnover currently)
- ·No governmental or regulatory approvals required
- ·Indicative time period for completion: Not Applicable
- ·Acquisition outside main line of business: No (Technical Textiles)
06-05-2026
EFC (I) Limited incorporated a wholly-owned subsidiary, EFC Estate Wakadewadi 1 Private Limited, on May 6, 2026, in India, to hold real estate property in Godrej Eternia, Pune, via demerger from its material wholly-owned subsidiary EFC Limited. The subsidiary has a paid-up capital of ₹1,000, consisting of 100 equity shares of ₹10 each, fully subscribed by EFC (I) Limited for cash consideration. No regulatory approvals were required for the incorporation.
- ·Property details: 1st floor, B Wing, Godrej Eternia commercial complex on Final Plot No. 64/A1, 64/B1, 64/B2, village Bhamburda – Shivaji Nagar, Taluka Pune City, District Pune, within Pune Municipal Corporation limits
- ·CIN of EFC (I) Limited: L74110PN1984PLC216407
- ·Industry of new subsidiary: Real estate as a service
06-05-2026
Arvind Advanced Materials Limited (AAML), a wholly owned subsidiary of Arvind Limited, has acquired ~61% controlling stake in US-based Dalco-GFT, a manufacturer of needle-punched non-woven specialty fabrics, for an enterprise value of $136 Mn at 7.75x CY25 EBITDA. Dalco-GFT reported ~$100 Mn top-line revenue, ~17% EBITDA margin, ~40% ROCE, and 95% cash conversion in CY25, with a 10% revenue CAGR over the past six years and margin improvement of 100 bps; the deal is margin and EPS accretive from year one. The acquisition provides access to a $2.5 Bn US TAM, adds 75+ customers with 88% sole-source positions, expands into automotive, construction, furniture sectors, and is financed through debt with a deleveraging plan.
- ·AAML operates three verticals: Human Protection, Composites, and Industrial Applications.
- ·Dalco-GFT established in 1988 with facilities in North and South Carolina.
- ·Existing Dalco-GFT shareholders retain ~39% stake; AAML plans to acquire remaining in 4 years.
- ·Transaction financed through debt at Dalco-GFT and AAML levels, with deleveraging planned.
- ·Investor call dial-in details enclosed with filing.
06-05-2026
Jio Financial Services Limited subscribed to and was allotted 30,00,00,000 equity shares of Rs. 10/- each in its wholly owned subsidiary Jio Finance Platform and Service Limited (JFPSL) for Rs. 300 crore at par. This brings the aggregate investment by the company in JFPSL to Rs. 335 crore, to be utilized for funding its business operations. The transaction is a related party transaction on an arm's length basis, with no interest from promoters or group companies and no regulatory approvals required.
- ·Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015
- ·Investment made at 2.36 p.m. on May 6, 2026
- ·Further to disclosure dated August 15, 2024
- ·Scrip Code: 543940, Trading Symbol: JIOFIN
06-05-2026
Entero Healthcare Solutions Limited disclosed the approval of the Scheme of Amalgamation by the Regional Director, Southern Region, Ministry of Corporate Affairs, Chennai, on April 17, 2026 (received May 5, 2026), merging wholly-owned subsidiaries Chethana Pharma Distributors Private Limited (Transferor Company-1) and CPD Pharma Private Limited (Transferor Company-2) with Rada Medisolutions Private Limited (Transferee Company) via fast-track route under Section 233 of the Companies Act, 2013, effective from the Appointed Date of April 15, 2025. The merger aims to achieve operational efficiencies, economies of scale, reduced overheads and compliance costs, and simplification of group structure without issuance of new shares. No negative impacts or performance declines were mentioned in the filing.
- ·Confirmation order issued on April 17, 2026; scheme approved by members and creditors under Section 233(1)(b) and (d).
- ·All Transferor Companies are wholly-owned subsidiaries of the Transferee Company as of Appointed Date (April 15, 2025).
- ·No changes in capital structure of any company subsequent to board approval of the scheme.
06-05-2026
Gujjubhai Industries Limited (formerly Sumuka Agro Industries Limited) received listing approval from BSE Limited for 1,38,13,666 equity shares of Rs. 10/- each allotted to shareholders of Gujjubhai Food Private Limited pursuant to their scheme of amalgamation. This intimation is made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The listing approvals from BSE are enclosed with the filing.
- ·BSE Scrip Code: 532070
- ·Filing Date: May 06, 2026
- ·DIN: 07836396
- ·Registered Office: Shanti Bihar Building No. C 5, Shop no. 6, Mira Road E Thane: 401105, Maharashtra
06-05-2026
B. P. Capital Ltd (BSE: 536965) has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Kalyani Barter Pvt Ltd. This filing indicates that Kalyani Barter Pvt Ltd's shareholding or voting rights in B. P. Capital Ltd crossed a 2% threshold through acquisition or disposal, but no details on direction, size, or valuation are provided. No quantitative metrics, financial impacts, or strategic rationale are disclosed in the filing.
06-05-2026
BSE received a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Catalyst Trusteeship Ltd pertaining to Jupiter Life Line Hospitals Ltd (scrip code 543980). No quantitative details such as stake percentage, share count, transaction value, or parties beyond the discloser are provided in the filing. This is an informational SAST prior intimation with no financial metrics or performance data disclosed.
06-05-2026
Gemstone Investments Ltd. (BSE:531137), a technology sector company, has made a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on May 06, 2026, pertaining to Manisha Mukesh Gala. This filing indicates prior intimation of a proposed substantial acquisition of shares by Manisha Mukesh Gala, but no details on stake size, valuation, structure, or impact are provided. No positive or negative metrics are mentioned in the filing.
06-05-2026
Privi Speciality Chemicals Limited (PSCL) has received a 'no objection' observation letter from the National Stock Exchange of India Limited dated May 05, 2026, for the proposed scheme of amalgamation involving PSCL (transferee company), Privi Fine Sciences Private Limited (PFSPL), and Privi Biotechnologies Private Limited (PBPL) under Sections 230-232 of the Companies Act, 2013. The observation letter from BSE Limited is awaited, and the scheme remains subject to applicable regulatory and other approvals. This follows an earlier board approval intimation dated December 19, 2025.
- ·Observation letter hosted on the Company's website.
- ·Scrip Code: 530117; Symbol: PRIVISCI
06-05-2026
The Board of Directors of Harig Crankshafts Limited, at its meeting on May 6, 2026, withdrew the in-principal approval for the proposed amalgamation of Ayushman Infratech Limited with Harig Crankshafts Limited. This decision follows the initial consideration in a board meeting on March 13, 2026. The disclosure complies with Regulation 30 of SEBI (LODR) Regulations, 2015.
- ·Board meeting commenced at 1:00 P.M. and concluded at 2:00 P.M. on May 6, 2026
- ·Previous board meeting on March 13, 2026, where the amalgamation was initially considered
06-05-2026
Thakral Services (India) Limited (BSE: 509015) has filed disclosures under Regulation 10(5) of SEBI (SAST) Regulations, 2011, in respect of an acquisition under Regulation 10(1)(a), indicating a substantial acquisition of shares or voting rights crossing specified thresholds. No details on parties involved, deal size, shareholding changes, or financial terms are disclosed in the filing. This is a standard compliance disclosure with no quantitative metrics provided.
06-05-2026
KPIT Technologies' Board approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, along with a final dividend recommendation of Rs. 5.25 per equity share (52.5%). The Board also approved an initial USD 10 million investment in preference capital of Cymotive Technologies LTD, an Israeli automotive cybersecurity firm, converting to 26% equity and eventually 100% ownership by mid-2029 at a total expected cost of USD 60-120 million; however, Cymotive's turnover has declined sharply from USD 42.4 million in CY2023 to USD 19.2 million in CY2025. This acquisition strengthens KPIT's cybersecurity capabilities aligned with its SDV and embedded systems strategy.
- ·Cymotive incorporated on July 16, 2016; headquartered in Tel Aviv, Israel.
- ·Merger control filings required in Germany and Austria.
- ·Acquisition not a related party transaction; 100% cash consideration; arm's length.
- ·Initial investment closure expected mid-June 2026; equity conversion within 8 quarters; full 100% acquisition by mid-2029.
- ·Statutory auditors issued unmodified opinions on financial statements.
06-05-2026
Harig Crankshafts Limited's Board of Directors, at its meeting on May 6, 2026, withdrew the in-principal approval for the proposed amalgamation of Ayushman Infratech Limited with the company. This decision reverses the initial approval granted in the board meeting held on March 13, 2026. The disclosure complies with Regulation 30 of SEBI (LODR) Regulations, 2015.
- ·Board meeting commenced at 1:00 P.M. and concluded at 2:00 P.M. on May 6, 2026.
- ·Registered office: Plot No 66, Udyog Vihar, Gautam Buddha Nagar, Greater Noida, Uttar Pradesh-201306.
06-05-2026
Sulabhya Paramita Private Trust, a promoter group entity of Paisalo Digital Limited, acquired 11,440 shares (57.20%) of Pri Caf Private Limited (PCPL), 57,420 shares (52.20%) of Pro Fitcch Private Limited (PFPL), and 77,138 shares (69.26%) of Equilibrated Venture Cflow Private Limited (EVCPL) without consideration via off-market transfer on May 04, 2026, pursuant to SEBI exemption order dated November 07, 2025. These entities (promoter group companies) collectively hold 2,40,48,400 shares (2.64%) in PCPL, 2,23,21,220 shares (2.45%) in PFPL, and 18,67,63,880 shares (20.53%) in Paisalo Digital Limited, with no change in their shareholding in the target company post-acquisition. The acquirer's direct holding in Paisalo Digital Limited remains NIL before and after the transaction.
- ·Acquisition mode: Off-market transaction without consideration between promoters (Sunil Agarwal, Santanu Agarwal, Sunitee Agarwal) and Sulabhya Paramita Private Trust.
- ·SEBI exemption order: WTM/KCV/CFD/13/2025-26 dated November 07, 2025 under Sections 11(1), 11(2)(h), and 11(5) of SEBI SAST Regulations, 2011.
- ·Filing date: May 06, 2026.
- ·PAN of acquirer: ABITS9051N.
- ·No change in total equity share capital or diluted voting capital of Paisalo Digital Limited.
06-05-2026
Sunita Tools Limited's wholly owned subsidiary Sunita Defence Inc (USA) has acquired 51% controlling stake in New Mold Innovations LLC, a US-based specialty grease and mold manufacturing company, for a total cash consideration of USD 4,19,000 (approximately ₹3,98,05,000). The acquisition aims to expand manufacturing presence in the US, provide access to established customers in aerospace, automation, capital goods, and engineering sectors, and enhance the defence and aerospace product portfolio. Completion is expected within 90 days from the term sheet signing, subject to due diligence and financing.
- ·Transaction is at arm's length with no promoter/promoter group interest in target.
- ·No governmental or regulatory approvals required.
- ·Target has established US customer base across Aerospace, Automation, Capital Goods, Machinery and Engineering sectors.
- ·Selling price approximately USD 3.2 per cartridge.
Get daily alerts with 10 investment signals, 10 risk alerts, 8 opportunities and full AI analysis of all 27 filings
More from: India Technology Sector Merger & Acquisition Filings
April 28, 2026
India Technology Sector Merger & Acquisition Filings — April 28, 2026
April 27, 2026
India Technology Sector Merger & Acquisition Filings — April 27, 2026
April 26, 2026
India Technology Sector Merger & Acquisition Filings — April 26, 2026
April 25, 2026
India Technology Sector Merger & Acquisition Filings — April 25, 2026
🇮🇳 More from India
View all →April 30, 2026
India Pre-Market Regulatory Roundup — April 30, 2026
India Pre-Market Regulatory Roundup
April 30, 2026
India Quarterly Results BSE NSE Announcements — April 30, 2026
India Quarterly Results BSE NSE Announcements
April 30, 2026
India Upcoming Corporate Actions BSE NSE — April 30, 2026
India Upcoming Corporate Actions BSE NSE
April 29, 2026
India Pre-Market Regulatory Roundup — April 29, 2026
India Pre-Market Regulatory Roundup