India Sector Consolidation Regulatory Filings — September 29, 2026

29-09-2026

TPL Plastech Limited's Board approved a scheme of amalgamation (merger by absorption) with its parent company, Time Technoplast Limited (TTL), effective from April 1, 2026. Under the scheme, TPL shareholders (other than TTL) will receive 403 fully paid-up equity shares of TTL (₹1 each) for every 1,000 fully paid-up equity shares of TPL (₹2 each). The merger aims to integrate operations, simplify the group structure, and generate synergies, but TPL will be dissolved without winding up, and its shares will be delisted, resulting in a complete loss of public shareholding in TPL.

• · TPL Plastech is a 74.86% subsidiary of Time Technoplast Limited.
• · The appointed date for the merger is April 1, 2026.
• · The share exchange ratio was determined based on a valuation report by Mr. Nitesh Chaturvedi (Independent Registered Valuer) and confirmed by a fairness opinion from Axial Capital Private Limited (Category 1 Merchant Banker).
• · Post-merger, TTL promoter & promoter group shareholding is expected to decrease from 47.47% to 46.73%, while public shareholding is expected to increase from 52.53% to 53.27%.
• · The scheme is subject to approvals from BSE, NSE, NCLT, shareholders, and creditors.
• · The transaction is not classified as a related party transaction under Section 188 of the Companies Act, 2013 per MCA circular.

29-09-2026

SAR Televenture Limited acquired 1,70,80,288 equity shares (56.13%) of Tikona Communication Limited (formerly Grand Foundry Ltd) from erstwhile promoter Gaurav Goyal, pursuant to a Share Purchase Agreement dated March 03, 2026 and the mandatory open offer under SEBI (SAST) Regulations. Post-acquisition, SAR Televenture's aggregate holding rose from 42,72,362 shares (14.04%) to 2,13,52,650 shares (70.17%). The acquisition was made off-market and the shares were credited to the acquirer's demat account on September 28, 2026.

• · The acquisition was made off-market pursuant to a Share Purchase Agreement dated March 03, 2026.
• · The shares were acquired from erstwhile promoter Gaurav Goyal.
• · The acquirer is classified as belonging to the Promoter/Promoter group.
• · No encumbrances, warrants, or convertible securities were held or acquired.
• · The total diluted share capital of the target company is 30430000 equity shares of ₹4 each.
• · The acquisition date is September 28, 2026, the date of demat credit.

29-09-2026

Global Health Limited (Medanta) has been allotted a 10,560 sq. metre land parcel in Ghaziabad, Uttar Pradesh, for approximately ₹165.82 crore on a freehold basis through an online auction by the Uttar Pradesh Housing & Development Board. The company plans to develop a 350+ bedded hospital on the site, subject to statutory and board approvals, to strengthen its presence in the high-growth Delhi-NCR healthcare market. The proposed hospital would complement its existing Medanta Noida facility and address growing demand for advanced tertiary and quaternary care in the region.

• · The company currently operates six hospitals (Gurgaon, Indore, Ranchi, Lucknow, Patna, Noida) spanning 5.6 million sq. ft. with 3,737 installed beds as of June 30, 2026.
• · Five additional hospitals are upcoming in Mumbai, Delhi (Pitampura, South Delhi), Guwahati, and Varanasi.
• · The company provides healthcare services in over 30 medical specialties and engages over 2,400 doctors.
• · The proposed Ghaziabad hospital would complement the existing Medanta Noida facility and serve a catchment including eastern Delhi, Meerut, Saharanpur, Hapur, Bulandshahr, and western Uttar Pradesh.

29-09-2026

Indo Borax & Chemicals Limited has completed the acquisition of 2,38,44,000 equity shares of Kronox Lab Sciences Limited, representing 64.26% of the target company's paid-up equity share capital, on September 29, 2026. The acquisition was executed pursuant to a share purchase agreement dated August 20, 2026, with the sellers Mr. Ketan Vinodchandra Ramani, Mr. Pritesh Vinodchandra Ramani, and Mr. Jogindersingh Gianchand Jaswal, along with Zenrock Chemicals Private Limited. No financial consideration or other performance metrics were disclosed in this filing.

• · The acquisition was completed on September 29, 2026, following the original intimation on August 20, 2026.
• · The sellers collectively held 64.26% of Kronox Lab Sciences Limited's paid-up equity share capital.
• · No financial terms (consideration, valuation, or funding) were disclosed in this filing.

29-09-2026

MPS Limited has published newspaper notices regarding the hearing of the Second Motion Petition for its Scheme of Amalgamation with ADI BPO Services Limited (Transferor Company), as directed by the NCLT, Chennai Bench. The notices appeared in Business Standard (English, all editions) and Dina Malar (Tamil, Chennai edition) on September 29, 2026. No financial details or performance metrics are disclosed in this procedural filing.

• · The Second Motion Petition hearing is before the Hon’ble National Company Law Tribunal, Chennai Bench.
• · Newspaper publications were made in Business Standard (English, all editions) and Dina Malar (Tamil, Chennai edition) on September 29, 2026.
• · The filing is made under Regulation 30 of SEBI (LODR) Regulations, 2015.

29-09-2026

Godawari Power and Ispat Limited (GPIL) has acquired 5,00,00,000 Optionally Convertible Redeemable Preference Shares of Godawari New Energy Private Limited (GNEPL), its wholly owned subsidiary, at par for Rs.50.00 Crore on a rights basis, with allotment on 28.09.2026. The funds will be used for capex and working capital to set up a Battery Energy Storage System (BESS) plant in Maharashtra. GNEPL, incorporated on June 25, 2025, has not yet started operations, with net worth of Rs 447.98 Crore and nil turnover as of 30.06.2026.

• · GNEPL was incorporated on June 25, 2025 and has not yet started business; turnover was NIL as of 30.06.2026.
• · The preference shares carry 0.1% Non-Cumulative Participating Optionally Convertible Redeemable terms, issued at par of Rs.10 each.
• · The investment is a related party transaction as GNEPL is a wholly owned subsidiary; no promoter/group interest beyond that.
• · GNEPL's registered office is in Raipur, Chhattisgarh, with operations to be set up in Maharashtra.
• · The allotment was completed on 28.09.2026, with intimation received by GPIL on 29.09.2026.

29-09-2026

Endurance Technologies, through its wholly owned subsidiary Endurance Overseas SpA (EOSpA), has accelerated the acquisition of the remaining 32% equity stake in Stöferle Automotive GmbH and Stöferle GmbH for an upfront cash consideration of €18 million, down from the originally agreed €20.13 million. This move, effective 29 September 2026, gives EOSpA full 100% ownership of both German subsidiaries, simplifying governance and enabling faster strategic execution. The transaction is classified as a related party transaction but is considered beneficial to the company due to the reduced purchase price and is being completed well ahead of the original deadline of June 2030.

• · The transaction is a related party transaction as the selling shareholders are either directors of the Stöferle entities or their relatives; however, the transaction is at arm's length and beneficial to the company.
• · EOSpA previously held 68% equity stake in the Stöferle entities, acquired in two tranches under the SPA and a prior transfer agreement dated 29 June 2026.
• · The accelerated acquisition eliminates minority shareholder considerations and mitigates the risk of higher purchase consideration if Stöferle performance exceeds base case assumptions.
• · No governmental or regulatory approvals are required for the acquisition.

29-09-2026

Bluspring Enterprises Limited announced the amalgamation of its wholly owned subsidiary, Bluspring New Horizon Two Private Limited (Transferor), with its wholly owned step-down subsidiary, LSG Sky Chefs India Private Limited (Transferee), under Section 233 of the Companies Act, 2013. The Transferee company reported a turnover of INR 189.08 Crore for FY26, while the Transferor has no turnover as its first financial year is ongoing. The amalgamation is a non-cash, share-swap transaction aimed at simplifying the holding structure, reducing compliance burdens, and achieving operational synergies, with no change in the listed entity's shareholding pattern.

• · The Transferor company was incorporated on February 9, 2026, and has no turnover for FY26 as its first financial year ends March 31, 2027.
• · The Transferee company was founded in 2001 and became a wholly owned step-down subsidiary on August 6, 2026, following acquisition of 100% of its paid-up share capital by the Transferor.
• · Share exchange ratio: 1 equity share (face value INR 10 each) of Transferee for every 1 equity share (face value INR 10 each) of Transferor, both held by Bluspring Enterprises Limited.
• · The amalgamation is exempt from related party transaction provisions under Regulation 23(5)(c) of SEBI Listing Regulations.
• · The scheme will eliminate one layer of subsidiary, reducing shareholding tiers.

29-09-2026

Tata Steel Limited acquired 393,51,85,186 equity shares of T Steel Holdings Pte. Ltd (TSHP), its wholly owned foreign subsidiary, for USD 340 million (₹3,260.32 crore) on September 29, 2026. This is part of a previously approved plan to infuse up to USD 2 Billion (₹18,488.10 crore) into TSHP, increasing the aggregate investment limit to USD 26.21 Billion. Post-acquisition, TSHP remains a wholly owned subsidiary of the company.

• · The acquisition was made at a face value of USD 0.0864 per share.
• · The USD to INR exchange rate used was ₹95.8918 as published by RBI on September 25, 2026.
• · The Board of Directors approved the infusion on March 17, 2026.
• · The previous disclosure on this subject was made on August 27, 2026.

29-09-2026

HEG Limited, now HEG Advanced Materials Limited, disclosed the implementation of a Composite Scheme of Arrangement involving the demerger of its Graphite Business into HEG Graphite Limited and the amalgamation of Bhilwara Energy Limited with HEG Advanced Materials Limited. Under the approved cost-allocation guidance, shareholders must apportion their pre-demerger acquisition cost 27.60% to HEG Advanced Materials Limited and 72.40% to HEG Graphite Limited; the demerger is stated to be tax neutral under the Income-tax Act, 2025.

• · The National Company Law Tribunal, Indore Bench sanctioned the Scheme on August 13, 2026.
• · The record date for the demerger was September 7, 2026.
• · The resulting-company shares were allotted on September 11, 2026.
• · The Scheme provides for the transfer and vesting of the Demerged Undertaking into HEG Graphite Limited on a going-concern basis.
• · The amalgamation provides for Bhilwara Energy Limited to merge with HEG Advanced Materials Limited, with equity shares issued to eligible shareholders of the Transferor Company.
• · The original acquisition date of the Demerged Company shares is to be used as the acquisition date for the HEG Graphite Limited shares received under the demerger.
• · The company cautioned that tax authorities or other regulators, statutory bodies, judicial authorities, assessing officers, or appellate authorities may take a different view of the guidance.

29-09-2026

Mehta Family Trust has indirectly acquired 9.46% voting rights in Saurashtra Cement Limited through its admission as a partner in Omna Enterprises LLP, which holds 1,05,22,431 equity shares of the target company. The acquisition is part of an internal family reorganization and was exempted by SEBI via order dated July 14, 2026. Importantly, the transaction does not change the aggregate promoter shareholding, public shareholding, or control of the company, and no direct shares were acquired by the Trust.

• · The acquisition was exempted by SEBI order WTM/KCV/CFD/06/2026-27 dated July 14, 2026.
• · Mehta Family Trust continues to hold only 100 equity shares directly in the target company (0.00% of voting rights).
• · The 1,05,22,431 equity shares held by Omna remain registered in Omna's name; only beneficial interest and voting rights are consolidated in favor of the Trust.
• · The transaction does not alter the issued share capital, public shareholding, or aggregate promoter/promoter group shareholding.
• · No change in control or management of Saurashtra Cement Limited results from this acquisition.

29-09-2026

Time Technoplast Limited (TTL) has approved a scheme of amalgamation (merger by absorption) of its 74.86% subsidiary TPL Plastech Limited (TPL) into TTL, effective from the Appointed Date of April 1, 2026. Under the share exchange ratio, TPL shareholders (other than TTL) will receive 403 fully paid-up equity shares of TTL (face value ₹1 each) for every 1,000 fully paid-up equity shares of TPL (face value ₹2 each), resulting in the issuance of approximately 79,01,516 new TTL shares. The merger is expected to integrate manufacturing units, simplify the group structure, reduce related party transactions, and generate operational and financial synergies, though it remains subject to statutory and regulatory approvals including NSE, BSE, NCLT, and shareholder/creditor approvals.

• · The share exchange ratio is 403 fully paid-up equity shares of TTL (face value ₹1 each) for every 1,000 fully paid-up equity shares of TPL (face value ₹2 each).
• · The merger is subject to approvals from BSE, NSE, jurisdictional NCLT bench, and shareholders/creditors of both companies.
• · The transaction does not fall within related party transactions as per General Circular No. 30/2014 dated July 17, 2014.
• · The actual number of shares to be issued may change based on the shareholding pattern of TPL as on the Record Date.
• · The fairness opinion was provided by Axial Capital Private Limited (Category 1 Merchant Banker).

29-09-2026

Sham Foam Ltd has received disclosures from promoter director Rajinder Kumar Jindal and promoter group member Satyam Gupta regarding acquisition of equity shares via open market purchases on BSE SME. Mr. Jindal acquired 23,000 shares for ₹19,72,475, increasing his stake from 7.19% to 7.39%, while Mr. Gupta accumulated 49,000 shares (in two tranches) for a total of ₹44,62,430, including his first reported holding at 0.41%. The transactions reflect insider buying by key promoters, which may signal confidence in the company.

• · All acquisitions were made on BSE SME platform through open market purchases, not through preferential allotment or rights.
• · Rajinder Kumar Jindal's PAN: ADNPK5120H, DIN: 01794013; Satyam Gupta's PAN: DGOPG4248G, DIN: 09295111.
• · Both directors submitted the disclosure forms under Regulation 7(2) of SEBI PIT Regulations, 2015, with intimation to the company on 26.09.2026 (Jindal) and 28.09.2026 (Gupta).