India Sector Consolidation Regulatory Filings — October 05, 2026

05-10-2026

Jaykay Enterprises Limited (JKE) has acquired 2,00,000 additional preference shares of face value ₹100 each in its wholly owned subsidiary JK Digital & Advance Systems Private Limited for ₹2,00,00,000 (₹2 Crore) pursuant to a Rights Issue. The acquisition, completed on October 5, 2026, does not change JKE's 100% shareholding in JK Digital. JK Digital, incorporated in July 2023, reported a modest turnover of ₹47.49 Lakh for FY 2025-26, indicating early-stage operations.

• · JK Digital was incorporated on July 27, 2023, with CIN U26204DL2023PTC417784.
• · The acquisition is not a related party transaction as per Companies Act, 2013 and SEBI Listing Regulations.
• · The proceeds from the Rights Issue will be utilized as per the objects stated in the Letter of Offer, as amended by shareholder approval at the 79th Annual General Meeting.
• · No governmental or regulatory approvals were required for the acquisition.
• · Consideration was paid in cash.

05-10-2026

Indo National Limited (NIPPOBATRY) has acquired an additional 0.79% equity stake in Medcuore Medical Solutions Private Ltd (MMSPL) for Rs. 49,89,880, increasing its aggregate shareholding to 63.07%. The acquisition is a cash transaction, not a related-party deal, and is aimed at supporting MMSPL's business growth in air monitoring and purification. While MMSPL's turnover grew strongly in FY26, its FY25 turnover declined significantly from FY24, indicating volatile performance.

• · MMSPL was incorporated on 07/06/2020 and operates in India.
• · The acquisition is based on a valuation report dated August 21, 2026.
• · No governmental or regulatory approvals are required for the acquisition.
• · The indicative time period for completion of the acquisition is up to FY 2027-28.
• · MMSPL's turnover declined 25.7% from FY24 to FY25, but rebounded strongly in FY26.

05-10-2026

Promoters of Majestic Research Services and Solutions Ltd acquired 3,92,350 equity shares (95% of the post-acquisition capital) via preferential allotment under an NCLT-approved Resolution Plan under IBC, 2016. The acquisition was at face value of ₹10 per share, resulting in a post-acquisition equity capital of ₹41,30,000 (4,13,000 shares). Prior to this, the promoters held 0% of the company, indicating a complete change in control.

• · The acquisition was made pursuant to an NCLT order dated June 20, 2025 approving the Resolution Plan under Section 31 of IBC, 2016.
• · The allotment date/intimation of allotment was October 1, 2026.
• · Post-acquisition, Parth Shaileshbhai Patel holds 38%, Rashmikaben S Patel holds 28.5%, and the other three promoters each hold 9.5%.

05-10-2026

Sangam (India) Limited has acquired a 0.97% equity stake in CGE II Hybrid Energy Private Limited, a renewable energy subsidiary of Continuum Green Energy Limited, for a total cash consideration of ₹4,76,01,010 (₹4.76 Crore). The acquisition is aimed at securing up to 5 MW of captive renewable power for the company's manufacturing units in Rajasthan. The target entity had no turnover in FY2024 and FY2025, but generated ₹65.569 Crore in FY2026, indicating a recent ramp-up in operations.

• · The target entity, CGE II Hybrid Energy Private Limited, was incorporated on December 2, 2021.
• · The acquisition does not fall under related party transactions; the promoter/promoter group has no interest in the target entity.
• · The transaction was completed on October 5, 2026, the same day as the board approval.
• · The target entity had nil turnover in FY2023-24 and FY2024-25, with a significant jump to ₹65.569 Crore in FY2025-26.
• · The captive power project qualifies under the applicable Electricity Act/Rules.

05-10-2026

Relaxo Footwears Limited has executed definitive agreements with Clean Max MUOI Private Limited (SPV) and Clean Max Enviro Energy Solutions Limited for the procurement of renewable energy under the group captive mechanism for its manufacturing facilities in Haryana. The agreements include an Energy Supply Agreement, Investment Agreement, and Performance Incentive Agreement, following earlier intimations on May 28, 2026 and June 16, 2026. No financial details or investment amounts have been disclosed in this filing.

• · Definitive agreements executed on October 5, 2026
• · Previous intimations dated May 28, 2026 and June 16, 2026
• · Agreements include Energy Supply Agreement, Investment Agreement (Share Purchase and Shareholding Agreement), and Performance Incentive Agreement
• · Renewable energy procurement under group captive mechanism for Haryana manufacturing facilities
• · No changes to earlier disclosures beyond execution of agreements

05-10-2026

Om Power Transmission Ltd has incorporated a wholly-owned subsidiary, OPTL Green Energy Private Limited, in India on October 5, 2026. The subsidiary will focus on renewable energy projects including solar, wind, hybrid, hydro, biomass, and energy storage. The company subscribed to 5,600 equity shares at ₹10 each, totaling ₹56,000, representing 56% of the subsidiary's equity share capital.

• · The subsidiary was incorporated under the Companies Act in India.
• · The subsidiary's business scope includes developing, owning, constructing, operating, maintaining, and implementing renewable energy projects.
• · No governmental or regulatory approvals were required for the incorporation.
• · Consideration for the shares is in cash.

05-10-2026

AJEL Ltd has signed a non-binding in-principle letter of intent to acquire the business of Zineeverse Motion Pictures Private Limited, a Hyderabad-based media company involved in digital streaming, software development, and film production/distribution. The acquisition will be executed via a share swap, with the final terms subject to due diligence, definitive agreements, and regulatory/board approvals. No financial details or valuation metrics have been disclosed at this preliminary stage.

• · The target company, Zineeverse Motion Pictures Private Limited, is based in Hyderabad and engaged in digital streaming services, software development for media, and film production/distribution.
• · The acquisition is limited to the business of Zineeverse, not the entire company.
• · Consideration will be in the form of AJEL equity shares issued via share swap, with terms to be mutually decided.
• · The letter of intent is non-binding except for confidentiality, validity, governing law, and jurisdiction clauses.
• · The proposed transaction is subject to approval from the boards and shareholders of both parties, as well as regulatory approvals including SEBI LODR compliance.
• · The letter of intent is valid for 2 months from acceptance or until definitive agreements are signed, whichever is earlier.

05-10-2026

KPI Green Energy Limited has incorporated a wholly owned subsidiary, KPGC Three Private Limited, on October 5, 2026, with an authorized and subscribed capital of ₹1,00,000 (10,000 equity shares of ₹10 each). The subsidiary is yet to commence business operations and has nil turnover. The incorporation aligns with the company's renewable energy objectives, including generation, storage, transmission, and distribution of electricity from conventional and renewable sources.

• · The subsidiary is a private company incorporated on October 5, 2026, registered with the Registrar of Companies, Ahmedabad.
• · The subsidiary's object includes generating, storing, transmitting, distributing, purchasing, selling, and supplying electricity from conventional and renewable sources (solar, wind, hydro, biomass, thermal).
• · The acquisition is not a related party transaction and does not require any governmental or regulatory approvals.
• · 100% shareholding of KPGC Three Private Limited is held by KPI Green Energy Limited.

05-10-2026

DS Kulkarni Developers Ltd has acquired 100% of the equity share capital of Westpole Spaces Private Limited for a cash consideration of ₹10,000, making Westpole a wholly owned subsidiary effective October 5, 2026. Westpole, incorporated in April 2026, has not yet commenced business operations and has nil turnover, so the acquisition is a small-scale, early-stage expansion within the real estate sector.

• · Westpole Spaces Private Limited was incorporated on 19/04/2026 and has not commenced business operations.
• · The acquisition is not a related party transaction; promoter/promoter group/group companies have no interest in the target.
• · No governmental or regulatory approvals are required for the acquisition.
• · Indicative time period for completion of the acquisition is 1 month.

05-10-2026

Healthcare Global Enterprises Limited (HCG) announced that its step-down subsidiary, HCG Kenya, acquired an additional 10 ordinary shares of Advanced Molecular Imaging Limited (AMIL) from Meditec Systems Limited for an aggregate consideration of 42,150 Kenyan Shillings (~INR 31,288). This acquisition increases HCG Kenya's shareholding in AMIL from 50% to 50.10%, making AMIL a subsidiary of HCG. While HCG Kenya consolidates control, the financial impact is minimal as the purchase consideration is negligible and AMIL had no revenue in FY24 and FY23, though it reported ₹10.96 Crore in revenue for FY26.

• · AMIL had no revenue for FY ending December 31, 2024 and FY ending December 31, 2023.
• · The transaction was completed on October 05, 2026, and consideration was paid in cash.
• · The acquisition does not constitute a related party transaction.
• · No governmental or regulatory approvals were required for the acquisition.

05-10-2026

Marico Limited has increased its stake in subsidiary Satiya Nutraceuticals from 60% to 84.09% by acquiring an additional 24.09% stake for ₹1,012.03 Crore, with a total consideration of ₹1,392.07 Crore for the 84.09% holding. The remaining 14.09% stake will be acquired in July 2027 for a base consideration of up to ₹592 Crore plus additional milestone-based payments. Satiya Nutraceuticals, owner of the 'PLIX' brand, has shown strong revenue growth, with consolidated turnover rising from ₹155.32 Crore in FY2023-24 to ₹864.31 Crore in FY2025-26.

• · The acquisition is a related party transaction with founders and their relatives/related entities, conducted on an arm's length basis.
• · The remaining 14.09% stake acquisition in July 2027 includes a base consideration of up to ₹592 Crore plus additional milestone-based payments.
• · Satiya Nutraceuticals was incorporated on February 13, 2020 and is headquartered in Mumbai, Maharashtra.
• · No governmental or regulatory approvals are required for the acquisition.

05-10-2026

Maithan Alloys Limited acquired 0.17% equity stake (2,527,000 shares) in HFCL Limited for a total cash consideration of ₹60.09 Crore on October 1, 2026. The acquisition was made through the stock exchange as part of Maithan's investment portfolio, with no intention to acquire control or management of HFCL. HFCL, a telecom infrastructure company, reported a turnover of ₹4,528 Crore and a PAT of ₹253 Crore for FY 2025-26, with a net worth of ₹4,727 Crore.

• · The acquisition event occurred on October 1, 2026 at 3:30 PM, and the company became aware of detailed particulars on October 5, 2026 at 10:52 AM.
• · The acquisition is not a related party transaction, and the promoter/promoter group has no interest in HFCL.
• · HFCL was incorporated on May 11, 1987, and operates primarily in India.
• · HFCL's turnover declined 6.9% from FY 2023-24 (₹4,075 Cr) to FY 2024-25 (₹3,795 Cr), before recovering 19.3% to ₹4,528 Cr in FY 2025-26.

05-10-2026

Sai Parenterals Limited has completed the acquisition of a 60% equity stake in Prathyak Laboratories Private Limited, an R&D facility in Hyderabad, for Rs. 15 crore, funded from IPO proceeds. The acquisition provides an operating R&D platform with 28 scientists and a pipeline of 150 SKUs across 86 molecules, replacing a planned greenfield project. The company intends to acquire the remaining 40% via a ROFR at the same valuation, funded from internal accruals.

• · The acquisition was funded from unutilised net proceeds of the Company's IPO.
• · Prathyak has been in operation for three years.
• · The R&D centre is located at Genome Valley, Hyderabad.
• · The acquisition supports the Group's Australian and New Zealand business, which has contractual commitments to introduce new products each year.
• · More than 50% of consolidated revenue is contracted under long-term regulated-market agreements.
• · The Company completed its IPO in March 2026 and was listed on April 02, 2026.