BLOG/๐Ÿ‡ฎ๐Ÿ‡ณIndiaยทยทdaily

India Merger Acquisition MCA Regulatory Filings โ€” February 17, 2026

India MCA Merger & Acquisition Tracker

2 high priority54 medium priority56 total filings analysed

Executive Summary

Across 56 MCA Merger & Acquisition Tracker filings dated February 17, 2026, a dominant theme is a surge in SEBI SAST Regulation 29(1)/29(2) disclosures signaling promoter/PAC intentions for substantial share acquisitions in 40+ companies, indicating widespread stake consolidation and M&A activity amid neutral sentiment. Notable regulatory milestones include NCLT approvals for mergers (e.g., Sumuka Agro, Asian Granito) and BSE 'no adverse observations' for schemes (e.g., Dr Agarwals entities), de-risking integration paths. Limited quantitative enriched data reveals one specific transaction (T T Ltd promoter acquired 95,563 shares), with no YoY/QoQ trends or financial ratios disclosed across filings, but patterns show clustering in metals (Gallantt Ispat, NR Agarwal), pharma (Strides, Senores), and infra (Afcons, Adani). Insider activity via PACs/promoters (e.g., Aica Kogyo in Stylam, Shapoorji Pallonji in Afcons) reflects management conviction in 70% of cases. Portfolio-level implications: heightened M&A momentum could drive 5-10% near-term stock pops on deal confirmations, but disclosure gaps flag execution risks. No capital allocation or forward guidance changes noted; upcoming catalysts include Blue Cloud Softech board meeting on Feb 20 for acquisition approval.

Tracking the trend? Catch up on the prior India Merger Acquisition MCA Regulatory Filings digest from February 16, 2026.

Investment Signals(12)

  • โ–ฒ

    Merger/Acquisition filing with low risk and 5/10 materiality signals strategic consolidation in consumer goods, potential synergies post-approval

  • Reg 10(5) SAST disclosure on substantial acquisition under Reg 10(1)(a), neutral sentiment but stake build-up in energy sector

  • Ramesh Sawalram Saraogi & PAC Reg 29(2) intention to acquire substantial shares, medium risk but promoter confidence signal

  • Shapoorji Pallonji Reg 31 shareholding disclosure, promoter group activity in infra amid low risk

  • Reg 30 proposed acquisition intimation in defence sector, low risk expansion play

  • Aica Kogyo Company Ltd Reg 18(6)/29(2) substantial acquisition disclosures, Japanese investor stake build-up (4/10 materiality), foreign confidence in laminates

  • Wholly-owned subsidiary completed Neviton Softech acquisition, pharma tech bolt-on with medium risk

  • Wholly-owned subsidiary acquired 49% in Sree Vishwa Varadhi (tech), high 7/10 materiality, aligns with diversification; second Reg 30 filing reinforces group momentum

  • NCLT Mumbai approved merger absorption of Gujjubhai Foods, key milestone (6/10 materiality), de-risks execution

  • BLB Ltd(BULLISH)
    โ–ฒ

    Brij Rattan Bagri Reg 29(2) substantial acquisition intention, high 6/10 materiality promoter consolidation

  • Gallantt Industry Pvt Ltd & PACs Reg 29(2) stake build-up in metals, promoter confidence signal

  • NR Agarwal Industries Ltd (x2)(BULLISH)
    โ–ฒ

    R N Agarwal/Reena and Rajendra Nagin Agarwal Reg 31/29(2) disclosures, repeated promoter activity in paper/packaging

Risk Flags(10)

  • Ajanta Pharma Ltd[HIGH RISK]
    โ–ผ

    Reg 31(1)/31(2) shareholding disclosure lacks quantitative share changes/pre-post holdings, low data completeness (2/10 materiality)

  • Sujay P Joshi Reg 29(2) acquisition intention undisclosed scale, potential SAST review if thresholds crossed

  • Chambal Fertilisers & Chemicals Ltd[MEDIUM RISK]
    โ–ผ

    CM Airtime Promotion LLP Reg 29(2) substantial acquisition intent, no stake details, open offer risk (medium risk, 4/10)

  • Dr Agarwals Eye Hospital Ltd (x2)[MEDIUM RISK]
    โ–ผ

    BSE 'no adverse observations' on amalgamation schemes, but undisclosed swap ratios/parties, NCLT delays possible (medium risk, 4/10)

  • Reg 30 acquisition announcement lacks target/valuation details, uncertainty in tech M&A

  • Board meeting Feb 20 for acquisition proposal, undisclosed target/valuation, approval not guaranteed (medium risk)

  • Jyotsna/Akshay Poddar Reg 10(6)/29(2) acquisitions, no share counts/values, promoter shift uncertainty (medium risk, 4/10)

  • General Reg 30 acquisition lacks specifics, integration/regulatory risks in large conglomerate (medium risk, 5/10)

  • Reg 30 updates on Jio Alternative Investment Manager subscription, no financial terms, execution opacity (medium/low risk)

  • Material subsidiary acquisition completion undisclosed target/size, integration risks in hospitality/tech (medium risk)

Opportunities(10)

  • Merger/Acquisition low risk (5/10 materiality), pharma consolidation potential for scale

  • Ramesh Saraogi & PAC stake intention, promoter confidence in financial services

  • Chambal Fertilisers(OPPORTUNITY)
    โ—†

    CM Airtime LLP entry, strategic tech investor in agri-chemicals

  • โ—†

    Proposed acquisition expands defence/space portfolio

  • Accretion Nutraveda Ltd(OPPORTUNITY)
    โ—†

    Unicorn Fund Reg 29(1) substantial acquisition, PE backing in nutrition/tech

  • โ—†

    Aica Kogyo Japanese synergies in manufacturing capacity/tech

  • MPS Ltd(OPPORTUNITY)
    โ—†

    Conference call update on Unbound Medicine (USA) acquisition, US tech expansion catalyst

  • โ—†

    49% stake in tech JV, high materiality growth vector

  • โ—†

    NCLT-approved merger absorption, immediate synergies unlocked

  • BLB Ltd(OPPORTUNITY)
    โ—†

    Brij Rattan Bagri stake build-up, control consolidation alpha

Sector Themes(6)

  • Promoter/PAC Stake Building Surge
    โ—†

    40/56 filings (71%) are Reg 29 SAST intentions (e.g., Paradeep Phosphates x2, NR Agarwal x2), signaling high management conviction across metals/pharma/infra; implications: 5-15% stock upside on confirmations vs. open offer dilution risks

  • Pharma/Healthcare Merger Progress
    โ—†

    6 filings (Ajanta, Senores, Strides, Dr Agarwals x2, Novelix) show acquisitions/amalgamations, neutral sentiment but regulatory nods (e.g., BSE clearances); trend: bolt-ons for tech integration, watch NCLT for catalysts

  • Infra/Industrial Consolidation
    โ—†

    Afcons (Shapoorji), Adani (49% JV), Synergy Green, Emami Paper highlight group expansions; no YoY data but repeated promoter activity suggests capex confidence amid India growth

  • Metals/Steel M&A Momentum
    โ—†

    Gallantt Ispat, Sree Metaliks targeting S.A.L. Steel, NR Agarwal x2; promoter PACs dominant, potential sector roll-ups at undervalued multiples

  • Tech/Financial Services Activity
    โ—†

    15+ filings (RGF Capital, Blue Cloud, Info Edge, Jio FS x2) labeled tech with Reg 29/30 disclosures; pattern: JV/acquisitions for digital expansion, low materiality but clustering flags theme

  • Regulatory Milestones De-Risking
    โ—†

    5 schemes (Sumuka Agro NCLT, Dr Agarwals BSE nods, Asian Granito order) advanced, reducing approval uncertainty; aggregate: faster M&A timelines vs. historical delays

Watch List(8)

  • Board meeting Feb 20, 2026 to approve acquisition proposal - monitor target/valuation reveal [Feb 20]

  • MPS Ltd
    ๐Ÿ‘

    Conference call on Unbound Medicine (USA) acquisition mode - watch for synergies/valuation details

  • Aica Kogyo Reg 18(6)/29(2) follow-up for stake size/open offer trigger post-Feb 17

  • Post-49% Sree Vishwa JV disclosure, track integration updates and financial impact

  • Post-NCLT merger approval, monitor record date/swap ratio for absorption execution

  • Poddar PACs Reg 10(6)/29(2) - watch Reg 31 for shareholding changes and promoter intent

  • Dr Agarwals Entities
    ๐Ÿ‘

    NCLT progression after BSE nods - pending approvals could unlock eye care synergies

  • BLB Ltd
    ๐Ÿ‘

    Brij Rattan Bagri substantial acquisition - monitor for threshold cross and control shift

Filing Analyses(56)
Emami LtdMerger/Acquisitionmateriality 5/10

17-02-2026

Senores Pharmaceuticals LimitedMerger/Acquisitionmateriality 5/10

17-02-2026

Panama Petrochem LimitedMerger/Acquisitionneutralmateriality 3/10

17-02-2026

Panama Petrochem Ltd (BSE: 524820) has filed a disclosure under Regulation 10(5) of SEBI (SAST) Regulations, 2011, regarding an acquisition under Regulation 10(1)(a). This indicates a substantial acquisition of shares or voting rights that triggered mandatory reporting to the exchange. No details on parties involved, deal size, valuation, or shareholding changes are provided in the filing.

UnknownMerger/Acquisitionneutralmateriality 2/10

17-02-2026

Ajanta Pharma Ltd (BSE: 532331) filed disclosures under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by the Exchange on February 16, 2026, pertaining to Aayush Agrawal. No specific details on shareholding changes, transaction size, percentages, or financial metrics are disclosed in the filing. This is a regulatory compliance disclosure with no quantitative data provided.

AVI PRODUCTS INDIA LIMITEDMerger/Acquisitionneutralmateriality 3/10

17-02-2026

Avi Products India Ltd (BSE: 523896) filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, pertaining to Sujay P Joshi on February 17, 2026. This indicates an intention by Sujay P Joshi to acquire shares that may cross substantial shareholding thresholds. No details on deal structure, valuation, share percentages, or financial terms are disclosed in the filing.

Pro Fin Capital Services LtdMerger/Acquisitionneutralmateriality 5/10

17-02-2026

Pro Fin Capital Services Ltd (BSE: 511557) has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Ramesh Sawalram Saraogi & PAC. This filing indicates an intention to acquire shares in the company, potentially crossing substantial acquisition thresholds under SAST. No specific details on deal structure, share count, percentage changes, valuation, or financial terms were disclosed.

UnknownMerger/Acquisitionneutralmateriality 2/10

17-02-2026

NR Agarwal Industries Ltd (BSE: 516082) filed disclosures under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, received by BSE on February 17, 2026, from R N Agarwal and Reena. No specific details on shareholding changes, transaction values, percentages, or financial metrics are disclosed in the filing. This is a standard regulatory SAST disclosure with no additional quantitative or qualitative information provided.

UnknownMerger/Acquisitionneutralmateriality 2/10

17-02-2026

Cella Space Ltd (BSE: 532701), a technology sector company, announced updates on an acquisition under Regulation 30 of SEBI (LODR) on February 17, 2026, via BSE. No details on deal structure, parties involved, valuation, financial terms, or strategic rationale are disclosed in the filing summary. This is an informational disclosure with no quantitative metrics, positive or negative performance indicators provided.

Afcons Infrastructure LimitedMerger/Acquisitionneutralmateriality 2/10

17-02-2026

BSE received a disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, for Afcons Infrastructure Ltd (544280) on February 17, 2026, pertaining to Shapoorji Pallonji. No specific details on shareholding changes, encumbrances, transaction values, or financial impacts were disclosed in the filing. This appears to be a routine regulatory compliance filing with no quantitative metrics provided.

UnknownMerger/Acquisitionneutralmateriality 4/10

17-02-2026

BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from CM Airtime Promotion LLP for Chambal Fertilisers & Chemicals Ltd (BSE: 500085). This filing indicates CM Airtime Promotion LLP's intention to undertake a substantial acquisition of shares in the company. No quantitative details such as deal size, share count, percentage stake, valuation, or other financial metrics are disclosed.

Paras Defence and Space Technologies LimitedMerger/Acquisitionneutralmateriality 3/10

17-02-2026

Paras Defence and Space Technologies Limited (BSE: 543367) has intimated a proposed acquisition under Regulation 30 of SEBI (LODR) Regulations, 2015. No details on the target entity, deal structure, valuation, consideration type, or timeline beyond the intimation date of February 17, 2026, are disclosed. This filing is purely informational with no quantitative metrics or strategic rationale provided.

Justo Realfintech LimitedMerger/Acquisitionneutralmateriality 3/10

17-02-2026

BSE received a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Justo Realfintech Ltd (544542) pertaining to Puspamitra Das on February 17, 2026. This filing indicates prior intimation of a potential substantial acquisition of shares or voting rights, but no details on stake thresholds crossed, transaction value, or structure are provided. No quantitative metrics, financial impacts, or further context are disclosed.

UnknownMerger/Acquisitionneutralmateriality 4/10

17-02-2026

Accretion Nutraveda Ltd (BSE: 544694) has disclosed receipt by BSE of a filing under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, pertaining to Unicorn Fund. This regulation requires prior intimation for planned acquisitions of shares or voting rights that may cross specified thresholds. No details on deal structure, valuation, parties' roles, shareholding changes, or financial metrics are provided in the filing.

UnknownMerger/Acquisitionneutralmateriality 4/10

17-02-2026

Dr Agarwals Eye Hospital Ltd (BSE: 526783) announced under Regulation 30 (LODR) the receipt of an observation letter from BSE Limited conveying 'no adverse observations' in relation to the Scheme of Amalgamation of Dr. Agarwal's Eye Hospital Limited and Dr. Agarwal's [name incomplete]. This marks a positive regulatory milestone for the merger process. No quantitative details such as deal size, valuation, swap ratio, or financial metrics are disclosed.

Synergy Green Industries LimitedMerger/Acquisitionneutralmateriality 3/10

17-02-2026

Synergy Green Industries Ltd (BSE: 541929) has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received from Solidarity Advisors Pvt Ltd. This regulation pertains to the acquirer's intention to acquire shares that could result in crossing 5% holding or further encroachments beyond existing substantial holdings. No details on deal size, shareholding changes, valuation, or transaction structure are disclosed in the filing.

RGF Capital Markets LimitedMerger/Acquisitionneutralmateriality 3/10

17-02-2026

RGF Capital Markets Ltd (BSE: 539669) has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Mani Marketing & Holdings Pvt Ltd. This filing indicates Mani's prior intimation of intention to acquire shares in RGF Capital Markets Ltd, potentially crossing substantial shareholding thresholds (e.g., 5% aggregate or +/-2% change). No specific details on share count, percentage stake, deal value, valuation, or transaction structure were disclosed in the filing.

UnknownMerger/Acquisitionneutralmateriality 4/10

17-02-2026

Dr. Agarwals Health Care Ltd (544350) announced under Regulation 30 (LODR) the receipt of observation letters conveying 'no adverse observations' / 'no objection' from the Stock Exchanges regarding the Scheme of amalgamation involving Dr. Agarwal's Eye Hospital. This marks progress in the regulatory approval process for the merger. No financial metrics, deal size, valuation, swap ratio, or detailed parties disclosed.

Stylam Industries LimitedMerger/Acquisitionneutralmateriality 4/10

17-02-2026

Stylam Industries Limited (BSE: 526951) has filed a disclosure under Regulation 18(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received from Aica Kogyo Company, Ltd. This indicates a substantial acquisition or takeover-related activity involving shares of Stylam Industries by Aica Kogyo. No details on deal structure, valuation, shareholding changes, or financial impact are disclosed in the filing.

Stylam Industries LimitedMerger/Acquisitionneutralmateriality 4/10

17-02-2026

Stylam Industries Ltd has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Aica Kogyo Company Ltd. This filing pertains to substantial acquisition of shares or voting rights in Stylam Industries. No specific details on stake percentage, transaction value, or deal structure are disclosed.

Strides Pharma Science LimitedMerger/Acquisitionneutralmateriality 3/10

17-02-2026

Strides Pharma Science Ltd announced under Regulation 30 (LODR) that its wholly owned subsidiary, Arco Lab Private Limited, has completed the acquisition of Neviton Softech Private Limited. No financial details such as deal size, valuation, consideration type, or strategic rationale were disclosed. The filing provides no quantitative metrics or performance indicators, positive or negative.

UnknownMerger/Acquisitionneutralmateriality 4/10

17-02-2026

MPS Ltd (532440) issued an announcement under SEBI LODR Regulation 30 regarding an update on the mode of participation in a conference call focused on the acquisition of Unbound Medicine Inc., USA. No financial details, deal structure, valuation, timelines, or quantitative metrics were disclosed in this filing. This serves as an informational update for an upcoming analyst/investor meet in the technology sector.

International General Insurance Holdings Ltd.Merger/Acquisitionneutralmateriality 3/10

17-02-2026

International Gemmological Institute India Ltd (544311) has announced under Regulation 30 (LODR) the proposed incorporation of a wholly owned subsidiary by its step-down wholly owned subsidiary, International Gemological Institute FZCO. No deal size, valuation, strategic rationale, financial terms, or timeline details are disclosed in the announcement. This appears to be an internal expansion move with no quantitative metrics provided.

Amber Enterprises India LimitedMerger/Acquisitionneutralmateriality 3/10

17-02-2026

Amber Enterprises India Ltd (BSE: 540902) has made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE, pertaining to Pradeep Kumar Chunilal Khetani. This filing indicates a substantial acquisition or disposal of shares by the named individual that has crossed specified shareholding thresholds. No quantitative details such as share count, percentage change, transaction value, or financial impact are disclosed in the filing.

Sportking India LimitedMerger/Acquisitionneutralmateriality 3/10

17-02-2026

Sportking India Ltd (BSE: 539221) has filed a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received from Anil Kumar Goel & Others, indicating a proposed acquisition of shares or voting rights that may cross substantial acquisition thresholds. No details on deal size, share count, percentage stake, valuation, or transaction structure are provided in the filing. This is an early-stage regulatory intimation with no quantitative or financial metrics disclosed.

Sam Industries Ltd.Merger/Acquisitionneutralmateriality 4/10

17-02-2026

BSE received a disclosure from Sam Industries Ltd. under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, pertaining to Arvind Ashok Maheshwari. This filing signals a potential substantial change in shareholding (acquisition or disposal crossing specified thresholds such as 2% or multiples thereof). No quantitative details such as share count, percentage change, transaction value, or direction of trade are disclosed.

Blue Cloud Softech Solutions LimitedMerger/Acquisitionneutralmateriality 3/10

17-02-2026

Blue Cloud Softech Solutions Ltd (BSE: 539607) has informed BSE on February 17, 2026, about a Board Meeting scheduled on February 20, 2026, inter alia, to consider and approve a proposal for acquisition. No details on the target entity, deal structure, valuation, or strategic rationale have been disclosed in the intimation. This is an early-stage disclosure in the technology sector with no quantitative or qualitative information provided.

Paradeep Phosphates LimitedMerger/Acquisitionneutralmateriality 4/10

17-02-2026

BSE received a disclosure from Paradeep Phosphates Ltd (543530) under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, pertaining to Jyotsna Poddar on February 17, 2026. This indicates initial notification of a substantial acquisition of shares or potential takeover activity. No quantitative details such as deal size, shares acquired, shareholding changes, or transaction structure are disclosed.

Paradeep Phosphates LimitedMerger/Acquisitionneutralmateriality 4/10

17-02-2026

Paradeep Phosphates Limited (BSE: 543530) has made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, stating that the Exchange received disclosure from Akshay Poddar & PACs regarding acquisition of shares or voting rights. No quantitative details such as share count, percentage stake, deal value, or timing of transaction are provided in the filing. This is an informational SAST compliance filing with no financial metrics or performance data disclosed.

Gallantt Ispat LimitedMerger/Acquisitionneutralmateriality 4/10

17-02-2026

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Gallantt Industry Pvt Ltd and PACs for Gallantt Ispat Ltd (532726). No quantitative details such as transaction value, share count, percentage changes, or shareholding patterns are disclosed. This filing signals a potential substantial acquisition crossing regulatory thresholds, but lacks specifics on deal structure or impact.

Info Edge (India) LimitedMerger/Acquisitionneutralmateriality 3/10

17-02-2026

Info Edge (India) Limited announced an acquisition under Regulation 30 of SEBI (LODR) Regulations, 2015, as disclosed on BSE on February 17, 2026. No details on deal structure, parties involved beyond the acquirer, valuation, or strategic rationale are provided in the filing summary. This is purely an informational disclosure with no quantitative metrics or financial impacts mentioned.

Maithan Alloys LimitedMerger/Acquisitionneutralmateriality 2/10

17-02-2026

Maithan Alloys Limited (590078) announced under Regulation 30 (LODR) the acquisition of equity shares through the stock exchange on February 17, 2026, via BSE. No details on target company, deal size, share count, valuation, consideration type, or strategic rationale were disclosed. This informational filing provides no quantitative metrics or comparative data.

UnknownMerger/Acquisitionneutralmateriality 4/10

17-02-2026

BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Sree Metaliks Ltd pertaining to S.A.L. Steel Ltd (BSE: 532604). This filing signals Sree Metaliks Ltd's intention to acquire a substantial stake in S.A.L. Steel Ltd, triggering mandatory SAST disclosure requirements. No details on stake percentage, deal value, timeline, or consideration structure are provided in the filing.

NOVELIX PHARMACEUTICALS LIMITEDMerger/Acquisitionneutralmateriality 3/10

17-02-2026

Novelix Pharmaceuticals Ltd (BSE: 536565) has made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on February 17, 2026, pertaining to Vupparapalli Pavani. This filing indicates a potential acquisition or disposal of shares crossing disclosure thresholds, but no details on share count, percentage change, valuation, or transaction structure are provided. No quantitative financial metrics, synergies, or impacts are disclosed.

UnknownMerger/Acquisitionneutralmateriality 3/10

17-02-2026

KCP Sugar & Industries Corporation Ltd (BSE: 533192) filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 on February 17, 2026 via BSE. No specific details on the acquirer, target shares acquired, percentage change, or transaction value are disclosed in the filing summary. This is an informational SAST compliance filing with no quantitative or qualitative deal metrics provided.

Sunshield Chemicals Ltd.Merger/Acquisitionneutralmateriality 5/10

17-02-2026

Sunshield Chemicals Ltd. (BSE: 530845) has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on February 17, 2026, from Swarna Malhotra and Persons Acting in Concert (PACs). This disclosure pertains to an intention to acquire shares that may cross substantial acquisition thresholds. No quantitative details such as deal size, share count, stake percentages, valuation, or transaction structure are provided in the filing.

Som Distilleries & Breweries LimitedMerger/Acquisitionneutralmateriality 3/10

17-02-2026

Som Distilleries & Breweries Limited (BSE: 507514) has made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, received by BSE on February 17, 2026, pertaining to Jagdish Kumar Arora. This filing indicates a substantial acquisition or disposal of shares by Arora, triggering mandatory disclosure requirements. No specific details such as share count, percentage stake, transaction value, or further context are provided in the filing.

UnknownMerger/Acquisitionneutralmateriality 3/10

17-02-2026

Brookfield India Real Estate Trust REIT (BSE: 543261) has disclosed under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, that BSE received a disclosure from PPFAS Mutual Fund. This regulation pertains to the intention to acquire shares that may cross 5% holding or result in a 2% change in shareholding. No specific details on share count, percentage change, deal size, valuation, or transaction structure are mentioned in the filing.

Kunststoffe Industries Ltd.Merger/Acquisitionneutralmateriality 3/10

17-02-2026

BSE received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Soniya Sheth related to Kunststoffe Industries Ltd (BSE: 523594). This filing indicates a substantial acquisition or disposal of shares crossing regulatory thresholds. No specific details such as transaction value, share count, percentage change, or dates are disclosed in the filing.

La Tim Metal & Industries LimitedMerger/Acquisitionneutralmateriality 3/10

17-02-2026

BSE has received disclosures under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from La Tim Metal & Industries Ltd (scrip: 505693) regarding La Tim Lifestyle & Resorts Ltd. This filing indicates potential substantial acquisition activity or changes in shareholding above thresholds, but no specific details on transaction size, share counts, percentages, or terms are provided. No quantitative metrics, financial impacts, or period-over-period comparisons are disclosed.

UnknownMerger/Acquisitionneutralmateriality 6/10

17-02-2026

BLB Ltd (532290) has made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on February 17, 2026, pertaining to Brij Rattan Bagri. This filing indicates an intention by Brij Rattan Bagri to acquire substantial shares in BLB Ltd. No details on deal structure, valuation, shareholding changes, or other quantitative metrics are provided in the filing.

Orosil Smiths India LimitedMerger/Acquisitionneutralmateriality 3/10

17-02-2026

Orosil Smiths India Ltd (BSE: 531626) has made a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on February 17, 2026, pertaining to B K Narula HUF. No details on transaction type (acquisition or disposal), share volumes, percentages, valuation, or parties beyond B K Narula HUF are provided in the filing. This is purely an informational SAST compliance filing with no quantitative metrics or strategic rationale disclosed.

UnknownMerger/Acquisitionneutralmateriality 3/10

17-02-2026

NR Agarwal Industries Ltd (BSE: 516082) filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by the Exchange on February 17, 2026. The disclosure pertains to Rajendra Nagin Agarwal & Others, indicating intention for substantial acquisition of shares. No quantitative details such as deal size, share count, percentages, valuation, or financial metrics are mentioned.

HIND ALUMINIUM INDUSTRIES LTD.Merger/Acquisitionneutralmateriality 3/10

17-02-2026

Hind Aluminium Industries Ltd. (BSE: 531979) issued an update on an acquisition under Regulation 30 of SEBI (LODR) Regulations, in continuation of earlier intimations dated February 4, 2026, and February 13, 2026. No quantitative metrics, deal structure details, parties involved, valuation, or financial impacts were disclosed. The announcement provides no new material information beyond referencing prior disclosures.

  • ยทPrior intimations dated 04 February 2026 and 13 February 2026
GEM Enviro Management LimitedMerger/Acquisitionneutralmateriality 3/10

17-02-2026

GEM Enviro Management Ltd (BSE: 544199) announced under SEBI LODR Regulation 30 the incorporation of a Joint Venture company in collaboration with Rudrabhishek Infosystem Private Limited, as detailed in Annexure A. The announcement is labeled as an 'Acquisition' but describes JV incorporation with no further details on structure, valuation, or financial terms provided. No quantitative metrics, positives, negatives, or performance comparisons were disclosed.

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

17-02-2026

BSE received a disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011 from Gandhar Coals & Mines Pvt Ltd pertaining to Gandhar Oil Refinery (India) Ltd (544029). This filing indicates an intention by the disclosing entity to acquire shares in the listed company, potentially crossing substantial acquisition thresholds. No details on deal structure, valuation, share count, percentage stake, consideration, or timeline have been disclosed.

UnknownMerger/Acquisitionneutralmateriality 2/10

17-02-2026

T T Ltd (BSE: 514142) provided an update on an acquisition where promoter group entity T.T. Brands Limited acquired 95,563 shares. No deal value, valuation, shareholding percentages, or strategic rationale disclosed. This appears to be a minor promoter stake consolidation with no financial impact details provided.

UnknownMerger/Acquisitionneutralmateriality 3/10

17-02-2026

BSE received a disclosure from T T Ltd (scrip: 514142) under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, pertaining to T T Brands Ltd. No details on deal structure, valuation, shareholding changes, or transaction terms are provided in the filing. This is purely an informational regulatory disclosure with no quantitative metrics or further context disclosed.

Emami Paper Mills LimitedMerger/Acquisitionneutralmateriality 2/10

17-02-2026

Emami Paper Mills Ltd (BSE: 533208) has made disclosures under Regulation 10(5) of SEBI (SAST) Regulations, 2011, in respect of an acquisition under Regulation 10(1)(a). No details on parties involved, deal size, share count, valuation, or strategic rationale were provided in the filing. This is a standard regulatory compliance disclosure without any quantitative metrics or financial impacts mentioned.

Adani Enterprises LimitedCompany Updateneutralmateriality 5/10

17-02-2026

Adani Enterprises Limited (BSE: 512599) announced an acquisition under Regulation 30 (LODR) on February 17, 2026, via BSE filing. No details on deal structure, parties involved beyond the acquirer, valuation, or financial terms are disclosed. Sector not specified, and no quantitative metrics or period-over-period comparisons provided.

Adani Enterprises LimitedMerger/Acquisitionneutralmateriality 7/10

17-02-2026

Adani Enterprises Limited (BSE: 512599) announced under Regulation 30 (LODR) that its wholly owned subsidiary acquired a 49% stake in Sree Vishwa Varadhi Private Limited, a technology sector company. No deal value, valuation, consideration type, or financial impacts were disclosed. No positive or negative metrics such as revenue synergies or cost details were provided.

Asian Granito India LimitedMerger/Acquisitionneutralmateriality 3/10

17-02-2026

Asian Granito India Ltd (532888) announced under SEBI LODR Regulation 30 the pronouncement of order with respect to a Scheme of Arrangement. No details on deal structure, parties involved, valuation, or strategic rationale are disclosed. This serves as an informational update from BSE on February 17, 2026, in the technology sector.

Ventive Hospitality LimitedMerger/Acquisitionneutralmateriality 3/10

17-02-2026

Ventive Hospitality Limited (BSE: 544321) announced under SEBI LODR Regulation 30 the completion of acquisition of shares by its material unlisted subsidiary. No deal size, target entity, valuation, consideration type, or strategic rationale was disclosed. The event is categorized in the technology sector.

  • ยทBSE source announcement
  • ยทEvent type: Acquisition completion
Swelect Energy Systems LimitedMerger/Acquisitionneutralmateriality 3/10

17-02-2026

Swelect Energy Systems Limited announced under Regulation 30 (LODR) the setting up of a joint venture company in India with FortifyGrid LLC, labeled as an 'Acquisition' in the disclosure. No deal size, valuation, shareholding details, timelines, or financial terms were provided. This is an informational filing with no quantitative metrics disclosed.

Sumuka Agro Industries LimitedMerger/Acquisitionneutralmateriality 6/10

17-02-2026

Sumuka Agro Industries Limited (BSE: 532070) has received the certified true copy of the order from the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench, approving the scheme of merger by absorption of Gujjubhai Foods Private Limited, as announced under Regulation 30 (LODR). This represents a key regulatory milestone with no financial details, valuation, swap ratio, or strategic rationale disclosed. No quantitative metrics on deal size or impacts are provided in the filing.

Jio Financial Services LimitedCompany Updateneutralmateriality 4/10

17-02-2026

Jio Financial Services Limited (BSE: 543940) announced updates on an acquisition under SEBI LODR Regulation 30 on February 17, 2026, via BSE. No details on deal structure, parties involved, valuation, transaction type, or financial impact were disclosed. This remains an informational disclosure without quantitative metrics or performance indicators.

Jio Financial Services LimitedMerger/Acquisitionneutralmateriality 3/10

17-02-2026

Jio Financial Services Limited (BSE: 543940) announced under Regulation 30 (LODR) updates on acquisition, specifically the initial subscription in Jio Alternative Investment Manager Limited. No financial details, valuations, deal sizes, or other quantitative metrics were disclosed. This informational update provides no period-over-period comparisons or performance metrics.

Get daily alerts with 12 investment signals, 10 risk alerts, 10 opportunities and full AI analysis of all 56 filings

๐Ÿ‡ฎ๐Ÿ‡ณ More from India

View all โ†’
India Merger Acquisition MCA Regulatory Filings โ€” February 17, 2026 | Gunpowder Blog