India Sector Consolidation Regulatory Filings — October 06, 2026

06-10-2026

The Ballygunge Family Trust, along with PACs including Mr. Sukumar Srinivas and Shankara Holdings Private Limited, acquired 63,04,825 shares (26.00%) of Shankara Building Products Limited via an open offer on October 05, 2026. This increased their aggregate holding from 22,66,112 shares (9.35%) to 85,70,937 shares (35.35%) of the company's equity share capital.

• · The acquisition was made through an open offer, with the date of acquisition being October 05, 2026.
• · The buyer group includes The Ballygunge Family Trust as the main acquirer and four PACs, with the group belonging to the promoter group.
• · The total equity share capital of the company is 2,42,49,326 equity shares of Rs. 10 each, amounting to Rs. 24,24,93,260.

06-10-2026

Baba Arts Ltd has informed BSE that a board meeting will be held on October 9, 2026 to take note of the acquisition of the promoter's shareholding by an unnamed Acquirer pursuant to an SPA and SAST Regulations. The meeting will also appoint the Acquirer's nominees as additional directors, accept resignations of existing directors and key managerial personnel, reconstitute board committees, appoint a Managing Director and CFO, and approve the annual report for FY2026. This signals a change in control and management of the company.

• · Board meeting date: October 9, 2026 at 1:30 p.m. at registered office in Mumbai.
• · Agenda includes: appointment of internal auditor for FY2026-27, fixing date/time/mode of 27th Annual General Meeting, and other matters incidental to change in management and control.
• · The Acquirer is not named in the filing.

06-10-2026

India Glycols Limited has provided shareholders with guidance on apportioning the cost of acquisition of equity shares following the demerger of its Bio Pharma and Spirits & Biofuel undertakings into Ennature Bio Pharma Limited (Resulting Company 1) and IGL Spirits Limited (Resulting Company 2), effective September 1, 2026. The cost allocation percentages are: 31.77% for India Glycols, 20.61% for Ennature Bio Pharma, and 47.62% for IGL Spirits. This is a procedural tax guidance communication and does not contain any financial performance data.

• · The Scheme of Arrangement was sanctioned by the NCLT, Allahabad Bench, Prayagraj on July 17, 2026, and became effective from September 1, 2026.
• · Share entitlement ratio: 1 share of Ennature Bio Pharma for every 3 shares held in India Glycols; 1 share of IGL Spirits for every 1 share held in India Glycols.
• · The record date for determining eligible shareholders was September 2, 2026.
• · The guidance is based on the Income Tax Act, 2025 (corresponding to Section 2(19AA) of the erstwhile Income-tax Act, 1961).

06-10-2026

Laurus Labs Limited has invested INR 12,09,60,500 (₹12.096 Cr) to acquire 1,20,96,050 equity shares of its associate company Kurnool Renewables Private Limited (KRPL) through a rights issue, maintaining its 26% shareholding. This investment follows an earlier intimation dated March 28, 2025, and increases the company's total holding in KRPL to 2,11,68,000 equity shares of INR 10 each.

• · The investment was made by way of a rights issue.
• · The company's shareholding percentage in KRPL remains unchanged at 26%.
• · The investment is a follow-up to an intimation dated March 28, 2025.

06-10-2026

IRM Energy Limited has filed a petition seeking sanction for a Scheme of Amalgamation with Enertech Distribution Management Private Limited. The National Company Law Tribunal (NCLT), Ahmedabad Bench, has ordered a hearing on the petition, and the company has published newspaper advertisements as required under Regulation 30 of SEBI LODR. No financial details of the transaction have been disclosed in this filing.

• · The NCLT Ahmedabad Bench order was dated September 24, 2026.
• · Newspaper advertisements were published in The Indian Express (All India English Edition) and The Sandesh (Ahmedabad Edition) on October 06, 2026.
• · The hearing of the petition is for sanction to the Scheme of Amalgamation.

06-10-2026

Arvind Limited has completed the acquisition of 4,600 equity shares (46% stake) in Arvind Global Capability Center Private Limited for cash consideration at face value. The target is a newly incorporated company (April 1, 2026) with nil turnover, focused on providing centralized business support and shared services to group entities. The transaction is a related party transaction executed on an arm's length basis.

• · Arvind GCC was incorporated on April 1, 2026, and has nil turnover and nil size.
• · The acquisition is a related party transaction but done on an arm's length basis.
• · Consideration is cash at face value per share.
• · No governmental or regulatory approvals were required for the acquisition.

06-10-2026

Repro India Limited, through its wholly owned subsidiary Repro Books Limited, has completed the acquisition of 100% equity shares of Repro LLC, making it a step-down wholly owned subsidiary. The acquisition was finalized on October 6, 2026, following share transfer and registration formalities with SHAMS (Sharjah Media City), UAE. No financial details or consideration amounts were disclosed in this filing.

• · The acquisition was initially intimated on August 18, 2026.
• · Repro LLC is based in Sharjah, UAE, under the Sharjah Media City (SHAMS) jurisdiction.
• · Post-acquisition, Repro LLC is a wholly owned subsidiary of Repro Books Limited and a step-down wholly owned subsidiary of Repro India Limited.

06-10-2026

TVS Supply Chain Solutions Limited (TVS SCS) has completed the allotment of 1,99,90,000 equity shares in its subsidiary TVS SCS ALA India Private Limited (formerly TVS Packaging Solutions Private Limited) to itself and ALA Mena, in a 51:49 ratio, pursuant to a Joint Venture Agreement. The transaction, approved by the Target Entity's Board on October 06, 2026, involves a cash consideration of INR 19,99,00,000 (INR Nineteen Crores and Ninety-Nine Lakhs) and aims to expand into India's aerospace and defense sectors. However, the Target Entity's turnover remains insignificant, and the acquisition is expected to contribute to revenue and profit growth only through future business expansion.

• · The Target Entity was a wholly owned subsidiary of TVS SCS prior to the transaction.
• · The Target Entity was incorporated on April 28, 2017, in India.
• · The Target Entity's turnover during the last 3 years was insignificant.
• · The transaction is not a related party transaction; promoters have no interest.
• · No governmental or regulatory approvals are required for the acquisition.
• · The Target Entity is focused on exploring business expansion opportunities in the logistics industry.

06-10-2026

The Board of Shristi Infrastructure Development Corporation Limited approved a Scheme of Arrangement to demerge the Krishnagar Sentrum undertaking into its wholly owned subsidiary, Shristi Realty Holdings Limited, with an Appointed Date of October 1, 2026. The undertaking recorded turnover of INR 1,281.72 Lakh in FY 2025-26, representing 18.37% of SIDCL’s standalone turnover; however, the demerger remains subject to stock-exchange observations, shareholder and creditor approvals, NCLT sanction and other statutory approvals. No cash consideration is payable, with eligible SIDCL shareholders instead receiving 2 fully paid-up equity shares of SRHL for every 9 fully paid-up SIDCL shares.

• · The Scheme transfers Krishnagar Sentrum, including attributable assets, liabilities, contracts, employees, licenses, permits, approvals and properties, to SRHL as a going concern on an as-is-where-is basis.
• · Krishnagar Sentrum is a mixed-use project in Krishnanagar, Nadia District, West Bengal, comprising residential, retail, entertainment, hospitality and lifestyle components.
• · The Board meeting was held on October 06, 2026, commenced at 3:00 P.M. and concluded at 4:50 P.M.
• · The share entitlement ratio was supported by a report dated October 06, 2026 from Omnifin Valuation Services (OPC) P Ltd and a fairness opinion dated October 06, 2026 from Corpwis Advisors Private Limited.
• · Listing of SRHL is proposed on BSE Limited and The Calcutta Stock Exchange Limited, subject to requisite approvals and relaxation under Rule 19(7) of the Securities Contracts (Regulation) Rules, 1957.
• · The Scheme may result in minor changes to the stated SRHL shareholding because fractional shares may be consolidated and issued to a trustee.

06-10-2026

iValue Infosolutions Limited voluntarily disclosed that its promoter, Mr. Krishna Raj Sharma, acquired 35,661 equity shares via open market purchases during Q2 2026. The acquisition represents less than 2% of total shareholding and does not trigger mandatory SEBI (SAST) disclosure requirements. The company made the intimation voluntarily to keep stakeholders informed.

• · The acquisition was made via open market purchases during the second quarter of 2026.
• · The acquisition is less than 2% of total shareholding or voting rights, thus not triggering mandatory SEBI (SAST) disclosure.
• · The company voluntarily disclosed the information to keep stakeholders informed.

06-10-2026

Endurance Technologies Limited, via its wholly owned Italian subsidiary Endurance Overseas SpA, has acquired 100% of Anna Milena SpA and Fondalpress SpA for €12.34 million in cash. The acquisition strengthens Endurance's aluminium die-casting capabilities in Europe, adding strategically located assets and production capacity. Fondalpress has experienced declining turnover and swung to a loss in its most recent unaudited year, though the effective net consideration is only ~€2.24 million after accounting for the targets' cash balances.

• · Fondalpress's net worth as of Dec 2024 was €20.40 million, against an acquisition cost of €12.34 million.
• · Anna Milena's net worth as of Dec 2024 was €1.40 million; its turnover has been steady at €0.40 million for the last three years.
• · No governmental or regulatory approvals were required, and the transaction closed simultaneously with signing.
• · The acquisition is not a related party transaction and the promoter/promoter group has no interest in the target companies.

06-10-2026

ACME Solar Holdings Limited has incorporated 18 wholly owned subsidiaries on October 06, 2026, each with a paid-up capital of ₹1,00,000 (10,000 equity shares of ₹10 each). The subsidiaries are set up to undertake businesses related to power generation and renewable energy projects, with 100% cash subscription by the listed entity.

• · The subsidiaries were incorporated in Gurugram, Haryana, India.
• · No governmental or regulatory approvals were required for the incorporation.
• · The consideration was 100% cash subscription to the initial paid-up share capital.

06-10-2026

Krishna Institute of Medical Sciences Limited (KIMS) has approved the acquisition of a 6% stake in Ushahkal Abhinav Specialty Hospital LLP (Sangli) for an aggregate consideration of ₹15 Crore via primary infusion. The target entity, a quaternary care facility with 316 beds (expandable to 500+), reported a turnover of ₹80.42 Crore but a net loss of ₹23.59 Crore for FY26, indicating the investment is strategic rather than immediately profitable.

• · Target entity was incorporated on 25-11-2016.
• · Target entity reported a net loss (PAT) of ₹23.59 Crore for FY26.
• · The acquisition is not a related party transaction.
• · Completion of acquisition is expected on or before 31-10-2026.
• · Consideration is cash, based on a valuation report by BDO Valuation Advisory LLP dated 05 October 2026.

06-10-2026

Amber Enterprises India Limited has incorporated a wholly owned subsidiary, Amber Digital Technologies Private Limited, to commence the business of manufacturing mobile phones. The subsidiary was incorporated on September 18, 2026, with a total equity infusion of ₹1,00,000 (₹1 Lakh) at a 100% shareholding. This move marks Amber's strategic diversification into the mobile phone manufacturing segment, although the investment is relatively small at the initial stage.

• · The subsidiary was incorporated on 18th September 2026 in India.
• · The industry classification is Electronics and Telecommunication.
• · No governmental or regulatory approvals were required for the incorporation.
• · The consideration is in cash; no share swap involved.

06-10-2026

Zodiac Energy Limited incorporated a wholly owned subsidiary, ZODIAC ENERGY IPP-4 PRIVATE LIMITED, on October 06, 2026, with a nominal share capital of ₹10,00,000 and initial paid-up capital of ₹1,00,000. The subsidiary is a Special Purpose Vehicle (SPV) for solar power generation and EPC projects, aligning with the company's business expansion strategy. No financial performance data (e.g., turnover) is available as the entity is newly incorporated.

• · The subsidiary was incorporated under CIN U35100GJ2026PTC184717.
• · The subsidiary is classified as a Special Purpose Vehicle (SPV) for solar power generation and EPC activities.
• · No governmental or regulatory approvals were required for the incorporation.
• · The consideration was cash, with Zodiac Energy subscribing to 100% of the initial paid-up share capital of ₹1,00,000.
• · The subsidiary has zero turnover as of incorporation date.

06-10-2026

LEAP India Ltd has invested approximately INR 9.64 crore (USD 1,000,000) to subscribe to 999,999,999 equity shares of its wholly owned UAE subsidiary, LEAP MENA Holdings Limited. The newly incorporated subsidiary will be used to infuse equity or debt into its own subsidiary, LEAP Pallet Pooling Trading LLC, for business investment. The transaction is an arm's-length related-party investment under the automatic FEMA route.

• · LEAP MENA Holdings Limited was incorporated on July 1, 2026, under Abu Dhabi Global Market Companies Regulations, 2020.
• · The subsidiary is authorized to carry on the business of a holding company.
• · The investment is made under the automatic route in accordance with FEMA.
• · The exchange rate used for the remittance was $1 = INR 96.44.
• · The equity shares have a face value of $0.001 each.
• · No governmental or regulatory approval was required for the investment.

06-10-2026

AXISCADES Technologies Limited has incorporated a step-down subsidiary, XIDA DEEPTECH PRIVATE LIMITED, in India on October 05, 2026, through its holding company XIDA PRIVATE LIMITED. The new entity will operate in electronics, semiconductor, artificial intelligence and deep tech sectors. AXISCADES holds no direct shareholding and no shares were allotted, but exercises indirect control as the ultimate holding company.

06-10-2026

Visagar Polytex Limited filed a Composite Scheme of Arrangement under Sections 230-232, 66, 62 and 42 of the Companies Act, 2013. The scheme proposes a reduction of share capital to write off accumulated losses of Rs. 30,89,52,786/- as at March 31, 2026, followed by a preferential issue of equity shares and warrants to infuse fresh capital. However, the company has experienced severe and sustained losses for multiple years, with turnover declining from Rs. 71,016.96 lakh in FY2019-20 to Nil in FY2024-25, and a fire incident in September 2024 forced indefinite suspension of manufacturing operations.

• · The scheme involves reduction of share capital under Section 66, followed by preferential issue of equity shares and warrants.
• · Accumulated losses of Rs. 30,89,52,786/- as at March 31, 2026.
• · A fire incident on September 4, 2024 forced indefinite suspension of manufacturing operations.
• · Turnover declined to Nil in FY2024-25 from Rs. 2,821.06 lakh in FY2023-24 (100% decline).
• · The company has not turned a profit for several years; accumulated losses have eroded net worth.
• · The reduction of share capital does not involve any payment to shareholders.