India Sector Consolidation Regulatory Filings — September 17, 2026

17-09-2026

Worth Peripherals Limited informed the exchanges that Mr. Jayvir Chadha, a Member of the Promoter Group and Managing Director, acquired 970 equity shares through an open market transaction on September 17, 2026. The acquisition is within prescribed limits under SEBI insider trading and substantial acquisition regulations. No financial impact or change in control is indicated.

• · Acquisition is within prescribed limits under SEBI (Prohibition of Insider Trading) Regulations, 2015 and SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
• · Company undertakes to promptly intimate exchanges if any disclosure threshold is triggered in future.
• · Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

17-09-2026

NHC Foods Limited incorporated Conquer Enterprises LLC, a foreign subsidiary in Wyoming, USA, through its step-down subsidiary Conquer Enterprises Limited, to expand its global trading operations. The new entity, incorporated on September 16, 2026, has no turnover yet and is fully owned via 100% share capital subscription. No financial details or regulatory approvals were disclosed, and the acquisition is not a related party transaction.

• · Conquer Enterprises LLC is registered with the Wyoming Secretary of State, United States.
• · Date of incorporation of Conquer Enterprises LLC: September 16, 2026.
• · County of incorporation: Cheyenne, Wyoming, United States.
• · The subsidiary is in the business of General Trading.
• · The acquisition was completed on September 16, 2026.
• · No governmental or regulatory approvals were required for the acquisition.
• · The cost of acquisition is not applicable as it is a 100% subscription to share capital.

17-09-2026

Vipul Limited's Board of Directors, at a meeting on September 15, 2026, granted in-principle approval for the merger/amalgamation of six wholly-owned subsidiaries into the company under Section 233 of the Companies Act, 2013. The Board also noted non-compliances and penalties levied by stock exchanges during the current financial year, resolved to ensure future compliance, and took note of the appointment of two new Independent Directors and the re-appointment of an existing Independent Director for a second term. The filing does not provide any financial figures or performance metrics, making it impossible to assess financial trends or materiality beyond the structural changes.

• · The Board meeting was held via audio-visual means and lasted from 12:30 P.M. to 2:20 P.M.
• · The merger/amalgamation is proposed under Section 233 of the Companies Act, 2013 (fast-track merger for small companies or holding-subsidiary mergers).
• · The company acknowledged non-compliances and penalties from stock exchanges during FY2025-26 and committed to timely compliance going forward.
• · Mr. Ajay Arjit Singh was re-appointed as Independent Director for a second term of five consecutive years.

17-09-2026

Jay Ambe Supermarkets Limited has formed City Square Global LLC, a newly incorporated New Jersey-based subsidiary, to expand its international sourcing and distribution footprint in North America. The company will hold a 51% membership interest for a cash capital contribution of USD 5,100 (payable by December 31, 2026), with promoter Jignesh Amratbhai Patel and promoter-group member Shital B Patel collectively holding 49%. The entity has no turnover yet and the investment is immaterial to the company's financial position; however, the intimation was delayed and filed only after documents were received on September 16, 2026.

• · City Square Global LLC was formed on June 08, 2026 under New Jersey law, with Identification Number 0451477520.
• · The Certificate of Amendment was filed on July 01, 2026 (Validation Number 4326280510) to record Jay Ambe Supermarkets Limited as a member.
• · The company's registered office is at 971 US Highway 202N, STE R, Branchburg, New Jersey 08876.
• · The entity has no share capital; it is a limited liability company with aggregate capital contribution of USD 10,000.
• · The transaction is not a related party transaction as City Square Global LLC was not a related party prior to formation.
• · The formation is expected to enable expansion of sourcing and distribution network in overseas markets over the long term.
• · The delay in intimation was due to documents being received only on September 16, 2026; the company has put in place internal processes to avoid future delays.

17-09-2026

Share India Securities Limited has completed the acquisition of 100% equity share capital of Enshrine Leasing and Infotech Private Limited for an aggregate consideration of ₹39,71,50,856 (Rupees Thirty Nine Crore Seventy One Lakh Fifty Thousand Eight Hundred Fifty Six Only). The acquisition, approved by the Board on July 24, 2026, was finalized on September 17, 2026, making Enshrine a wholly owned subsidiary. No additional financial metrics or comparative figures are disclosed, so performance trends cannot be assessed.

• · Acquisition was approved by the Board on July 24, 2026, and completed on September 17, 2026 at approximately 01:00 p.m.
• · The acquired entity, Enshrine Leasing and Infotech Private Limited, becomes a wholly owned subsidiary effective September 17, 2026.

17-09-2026

Hindustan Construction Company Limited (HCC) announced that its wholly owned subsidiary, HCC Infrastructure Company Limited (HICL), will incorporate a new public limited company jointly with Ceigall India Limited, named 'HC Concessions Limited'. HICL will hold 51% of the paid-up equity share capital with a capital contribution of ₹51,000. The new entity will focus on infrastructure development projects across various models including BOT, HAM, and BOOT.

• · The new entity will be a step-down subsidiary of HCC, with HICL as its holding company.
• · The joint venture will operate in the infrastructure development industry, covering roads, highways, bridges, power stations, airports, and other projects.
• · The consideration is in cash, and no governmental or regulatory approvals are required for the acquisition.

17-09-2026

Indo National Limited (INL) will invest INR 3,90,94,666 (₹3.9 Cr) in Axial Aero Private Limited (AAPL) by subscribing to 35,249 Class C CCPS at INR 1,109.10 per share, increasing its stake to 7.97% on a fully diluted basis. The investment, part of AAPL's Pre-Series A-1 round, is a follow-on to INL's existing holding and includes board nomination rights. The transaction is not a related party deal and is subject to conditions precedent and closing.

• · INL currently holds Class B non-cumulative compulsorily convertible preference shares of AAPL of face value INR 10 each.
• · INL has the right to nominate 1 member to AAPL's board of directors, which it has already exercised.
• · The transaction is not a related party transaction.
• · The investment is pursuant to INL's exercise of pre-emptive rights in AAPL's Pre-Series A-1 round.
• · The transaction is subject to conditions precedent and completion of investments by other investors in the same round.

17-09-2026

The Board of Directors of Sandur Manganese & Iron Ores Limited approved the incorporation of a wholly owned subsidiary, Royal Sandur MedTech Private Limited, to venture into medical devices and consumables manufacturing. The subsidiary will be subscribed with ₹1,00,00,000 in cash for 10,00,000 equity shares, representing 100% ownership. This marks a strategic diversification from the company's core mining and ferroalloy business into the healthcare sector.

• · The subsidiary will be incorporated in India and is yet to be incorporated as of the filing date.
• · The board meeting (387th) was held on 17 September 2026 from 4:30 PM to 5:00 PM.
• · The company had previously intimated its intention to venture into new lines of business via letter dated 9 July 2026.
• · The subsidiary's industry is medical devices and consumables manufacturing.
• · The consideration is in cash, not share swap.

17-09-2026

Rays of Belief Limited has made a further investment of USD 2,000,000 (approximately INR 19.19 Cr.) in its wholly owned subsidiary, Mom's Belief US Inc., through a rights issue, funded by cash. The investment, approved by the Board and completed on September 17, 2026, aims to leverage the subsidiary's expertise in allergy and immunology healthcare services. The company will continue to hold 100% of the subsidiary, and no change in shareholding structure is expected.

• · Mom's Belief US Inc. was incorporated on April 04, 2025, in the United States of America.
• · The subsidiary specializes in the medical discipline of allergy and immunology, focusing on diagnosis, treatment, and management of immune system and allergic conditions.
• · The transaction is a related party transaction at arm's length; no promoter/promoter group interest except the company's existing shareholding.
• · No specific government/statutory approvals required except compliances under FEMA, 1999.
• · The investment is in line with the IPO objects as per the prospectus dated September 08, 2026.

17-09-2026

Swan Defence and Heavy Industries Ltd (formerly Reliance Naval and Engineering) announced that the Scheme of Arrangement and Amalgamation with Triumph Offshore Private Limited has become effective on 17th September 2026, following the filing of the certified NCLT order with the Registrar of Companies. The Appointed Date for the amalgamation is 1st April 2024. No financial figures were disclosed in this update.

• · The Scheme became effective on 17th September 2026, with the Appointed Date being 1st April 2024.
• · The certified copy of the Hon'ble NCLT (Ahmedabad Bench) order was filed with the Registrar of Companies on 17th September 2026.
• · The company was formerly known as Reliance Naval and Engineering Limited.

17-09-2026

BSL Limited has entered into agreements to acquire 23,50,000 equity shares (26% stake) in Bhadla Minigrid Solar 5 Private Limited, a newly incorporated special purpose vehicle for a 4.4 MW AC/6.5 MW DC + 4.92 MWH BESS captive solar power project in Rajasthan, for a total cash consideration of Rs. 2.35 Crore. The acquisition aims to augment captive renewable energy capacity for BSL's plants, with completion expected within 4 months. The target has no turnover yet as it is yet to commence operations.

• · Target company incorporated on 31st January 2025, with no turnover in the last three years (yet to start operations).
• · Acquisition does not fall under related party transactions; promoter/promoter group/group companies have no interest in the target.
• · Project located at Setrawa, Phalodi District, Jodhpur, Rajasthan, India.
• · Indicative time period for completion of acquisition: 4 months.
• · Consideration is cash; no government or regulatory approvals required.
• · Target operates in the Power Generation industry (renewable energy).

17-09-2026

Arvind Limited completed the acquisition of 26.60% equity shares of Torrent Urja 21 Private Limited on September 17, 2026, pursuant to the Power Transfer Agreement and Share Subscription and Shareholders' Agreement. This follows an earlier disclosure dated August 25, 2026, covering agreements to acquire shares in both Torrent Urja 12 and Torrent Urja 21. No financial details or consideration amounts were disclosed in the filing.

• · Acquisition completed on September 17, 2026
• · Prior disclosure dated August 25, 2026 covered agreements for both Torrent Urja 12 and Torrent Urja 21
• · Acquisition made in accordance with Power Transfer Agreement and Share Subscription and Shareholders' Agreement
• · Filing reference number: AL/SECT/2026-27/66
• · Security code: 500101, Symbol: ARVIND

17-09-2026

Veefin Solutions Limited has published newspaper advertisements regarding the NCLT-convened meeting for the Scheme of Amalgamation (merger by absorption) of GlobeTF Solutions Limited and Estorifi Solutions Limited into Veefin Solutions Limited. The joint petition was admitted by the NCLT Mumbai on August 31, 2026, and the final hearing is scheduled for November 5, 2026. No financial details of the merger or any period-over-period comparisons are disclosed in this filing.

• · The merger is a by-way-of-absorption of two unlisted public companies (GlobeTF Solutions Ltd and Estorifi Solutions Ltd) into the listed Veefin Solutions Ltd.
• · NCLT Mumbai admitted the joint petition on August 31, 2026.
• · Final hearing before the NCLT is set for Thursday, November 5, 2026.
• · Objections to the petition must be filed at least two days before the hearing date.
• · The newspaper advertisements were published in Business Standard (English) and Navshakti (Marathi) on September 17, 2026.

17-09-2026

Cello World Limited has submitted reports from its Audit Committee and Independent Directors certifying that shareholders of Wim Plast Limited who were eligible for fractional shares under the Composite Scheme of Amalgamation have been compensated as per the scheme's terms. The scheme, sanctioned by the NCLT Ahmedabad bench on May 14, 2026, involves the amalgamation of Wim Plast Limited, Cello Consumer Products Private Limited, and Cello World Limited. This filing is a procedural compliance update with no financial figures disclosed.

• · The scheme was sanctioned by the Hon'ble NCLT, Ahmedabad bench on May 14, 2026.
• · The certification covers compliance with Clause 8.5 and 16.7 of the scheme regarding fractional share compensation.
• · The filing references SEBI Master Circular No. SEBI/HO/CFD/POD-2/P/CIR/2023/93 dated June 20, 2023.

17-09-2026

Hiliks Technologies Limited disclosed that its promoter Extros Developers Private Limited has signed a non-binding Letter of Intent with Enact Technologies Private Limited and two individuals to sell 5,00,000 equity shares (4.65% of paid-up capital) for cash. The transaction is at a preliminary stage, with price and timeline to be determined after due diligence, and is not a related-party transaction. No financial impact or completion timeline is available yet, and the deal remains subject to definitive agreements and regulatory compliance.

• · The LOI is non-binding and the price/cost of acquisition is to be mutually negotiated after due diligence.
• · The proposed acquirers include Enact Technologies Private Limited and two individuals.
• · The transaction is not a related-party transaction as of the date of intimation.
• · Completion is subject to due diligence, definitive agreements, and compliance with SEBI SAST Regulations.
• · The consideration is cash.

17-09-2026

Valiant Laboratories Limited has approved the acquisition of up to 1.01% equity and 3.60% compulsorily convertible preference shares in AMPYR Renewable Energy Resources Twelve A Private Limited for a cash consideration not exceeding ₹70,00,000 (₹70 lakh). The investment is intended to procure solar power for its Tarapur plant under a group captive open access arrangement, with completion expected within 12 months. The target, a subsidiary of AMPYR India Asset Holdings Two Pte. Ltd., Singapore, reported a turnover of ₹23.26 Crore for FY 2025-26, while no turnover was recorded in prior years.

• · Target entity incorporated on November 01, 2023, in India.
• · Target entity is a subsidiary of AMPYR India Asset Holdings Two Pte. Ltd., Singapore.
• · Target entity's solar power project is located at Mhasale, Taluka Sakri, District Dhule, Maharashtra.
• · Target entity's plant commenced commercial operations on May 27, 2025.
• · No governmental or regulatory approval is required for the proposed investment, other than corporate approvals under the Companies Act, 2013.
• · The acquisition is not a related party transaction; promoter/promoter group/group companies have no interest in the target entity.
• · The acquisition will not result in any change in control or management of the target entity.
• · The acquisition may be completed in one or more tranches within 12 months from the date of approval.
• · The investment is to participate in a group captive arrangement under the Electricity Act, 2003.

17-09-2026

Onward Technologies Limited disclosed that JHM Enterprises Private Limited, part of the promoter group, acquired 25,000 equity shares (0.11% of paid-up capital) from the open market on September 17, 2026. The acquisition does not result in any change in control and complies with SEBI regulations. No financial impact or performance metrics were provided.

• · The acquisition was made from the open market.
• · The filing was made under Regulation 30 of SEBI regulations.
• · The company's registered office is in Mumbai, with operations in multiple cities including Pune, Chennai, Bengaluru, Hyderabad, Chicago, Detroit, Birmingham, Munich, and Toronto.

17-09-2026

SIS Limited has informed the exchanges that its wholly owned subsidiary, SIS Global Workforce Solutions Private Limited, has incorporated a new wholly owned subsidiary named 'SIS Global Workforce Solutions Finland Oy' in Helsinki, Finland. The entity, incorporated on August 31, 2026, is newly formed and has not yet commenced commercial operations, with no consideration paid or turnover reported.

• · The new subsidiary is incorporated in Helsinki, Finland.
• · The subsidiary's line of business is personnel procurement services, specifically providing global workforce solutions by sourcing, training, upskilling, and deploying manpower from India to overseas markets.
• · The promoter, promoter group, and group companies have no separate interest in the entity.
• · The acquisition does not constitute a related party transaction.
• · No governmental or regulatory approvals were required for the incorporation.
• · Consideration for the acquisition is nil, and the cost of acquisition is nil.
• · SIS Limited holds 100% indirect control through its wholly owned subsidiary, SIS Global Workforce Solutions Private Limited.

17-09-2026

PTC India Limited has incorporated a joint venture company, NIRL PTC RENEWABLES LIMITED, with NLC India Renewables Limited to develop green energy projects. PTC India holds a 26% stake (26,000 equity shares at ₹10 each) while NLC India Renewables holds 74%. The joint venture was incorporated on September 16, 2026, with prior approval from DIPAM, Ministry of Finance.

• · The joint venture was incorporated under CIN U35105TN2026GOI197973.
• · Approval from DIPAM, Ministry of Finance, was obtained before incorporation.
• · The consideration for subscription to paid-up share capital will be paid in cash.

17-09-2026

Solar Industries India, through its step-down subsidiary, announced the proposed acquisition of South Africa's Omnia Holdings Limited for an all-cash consideration, creating one of the largest integrated explosives platforms globally. Management projected combined FY28 revenue of approximately INR31,000-32,000 crore and consolidated EBITDA of INR6,800-7,000 crore (22-23% margin), with net debt not exceeding 2x EBITDA. The acquisition is to be funded through debt and internal accruals, with no equity dilution planned; however, the transaction remains subject to regulatory and shareholder approvals.

• · Omnia's agriculture segment is a 'complementary business vertical' with no current plans to expand into India
• · Omnia has a 5,000-ton ammonium nitrate storage tank that doubled capacity
• · BME's recent geographic expansion includes Canada, Australia, Indonesia, and the United States
• · Solar's defense capex program of INR12,000 Cr is continuing aggressively
• · Management stated no immediate strategic roadmap for expanding in Australia