India Sector Consolidation Regulatory Filings — October 17, 2026

17-10-2026

AXISCADES Technologies Limited has incorporated a wholly-owned subsidiary, Xponential Space Private Limited, in India on October 16, 2026, disclosed under Regulation 30 of the SEBI Listing Regulations. The subsidiary will operate in space technology and aerospace, covering satellites, payloads, satellite communication, earth observation, navigation, launch support and space data analytics. The company subscribed to 100% of the share capital in cash, acquiring 10,000 equity shares of Rs. 10 each (Rs. 1,00,000 in total), with no governmental or regulatory approvals required.

• · Subsidiary incorporated on October 16, 2026, with the disclosure filed October 17, 2026
• · Subsidiary also planned to undertake research and development and space infrastructure development
• · Filing references SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026, last updated January 30, 2026

17-10-2026

The National Company Law Tribunal (NCLT), Mumbai Bench-I, on October 16, 2026 sanctioned the Scheme of Amalgamation of Piombino Steel Limited (unlisted transferor) into JSW Steel Limited (listed transferee), with an appointed date of January 1, 2026. The scheme becomes effective once the certified order is filed with the Registrar of Companies, Mumbai, and the stock exchanges will be notified of the effective date. The Regional Director raised no objections, and the equity shareholder approval was 94.86% overall and 97.20% from public shareholders.

• · Share exchange ratio: 10 fully paid-up equity shares of JSW Steel (Re. 1 face value) for every 156 equity shares of Piombino Steel (Rs. 10 face value)
• · Stated rationale includes enabling JSW Steel to directly hold its investment in Bhushan Power and Steel Limited (BPSL) and eliminating minority shareholder involvement in BPSL-related transactions
• · The Regional Director, Western Region filed a report on September 17, 2026 raising no objections
• · Income Tax Department may examine any tax payable under the Scheme and take action against JSW Steel as transferee
• · JSW Steel must comply with FEMA, RBI regulations, BSE/NSE observation letters dated April 1, 2026, and the outcome of a de-novo inspection under the Companies Act, 2013
• · Scheme approved by Board of both companies on December 3, 2025; NCLT first motion order dated July 2, 2026
• · Piombino Steel shares are not listed on any recognised exchange; JSW Steel's NCDs are listed on BSE

17-10-2026

Chambal Fertilisers and Chemicals Limited has entered into a Share Purchase Agreement dated October 17, 2026 with Clean Max Enviro Energy Solutions Limited and Clean Max Hachi Private Limited (the SPV) to acquire a 26% stake in the SPV, which is developing a captive power generation facility in Rajasthan with 5 MW of hybrid wind-solar capacity. The Company proposes to invest up to Rs. 6 Crore in cash, with completion expected within two months of executing the agreement. The SPV has not yet commenced operations and has no reportable financials.

• · Acquisition is in cash only, with no share swap involved
• · The SPV was incorporated under the Companies Act, 2013 on June 17, 2026
• · The transaction is not a related party transaction and promoters/promoter group have no interest in the SPV
• · No governmental or regulatory approvals are required for the acquisition
• · The Company expects to achieve substantial cost savings by partly replacing purchased grid power with renewable energy, and the deal supports its sustainability objectives

17-10-2026

Maithan Alloys Limited disclosed on 17 October 2026 that it acquired 228,000 equity shares (0.04%) of Sterlite Technologies Limited through the stock exchange on 16 October 2026 for a total cost of Rs. 19.97 Crore, triggering the Regulation 30 SEBI (LODR) threshold disclosure. The company states the purchase is a treasury-style investment and it does not intend to acquire control of the target's management. Target financials as at 31.03.2026 show turnover of Rs. 2446 Crore and PAT of Rs. 2 Crore, while FY2024-25 turnover was Rs. 2215 Crore and FY2023-24 turnover was Rs. 3952 Crore, indicating mixed top-line performance with a sharp decline in FY2025-26 versus the prior year's peak.

• · Target FY2025-26 turnover rebounded 10.4% from FY2024-25 but remains about 38% below FY2023-24 levels
• · Target PAT of Rs. 2 Crore is very thin relative to Rs. 2446 Crore turnover
• · Acquisition is non-related-party, arm's length, with no promoter group interest and no governmental approval required
• · Target operates 9 manufacturing facilities across India, Italy, the USA and China

17-10-2026

Acutaas Chemicals Limited has completed the acquisition of 100% of the equity share capital of Enchem Ami Organics Private Limited, a step-down subsidiary, by transferring 10,000 equity shares of Rs. 10 face value each from Acutaas Chemicals Electrolytes Private Limited. Following completion on October 17, 2026, Enchem Ami Organics Private Limited became a direct wholly-owned subsidiary of the Company. The filing is an intimation under Regulation 30 of the SEBI Listing Regulations, referencing an earlier intimation dated September 24, 2026.

• · Acquisition was completed internally within the group, with the stake transferred from one subsidiary (Acutaas Chemicals Electrolytes Private Limited) to the parent company.
• · Company was formerly known as Ami Organics Limited; CIN L24100GJ2007PLCO51093; BSE scrip code 543349; NSE symbol ACUTAAS.

17-10-2026

Godawari Power and Ispat Limited incorporated a wholly owned subsidiary, Godawari Energy Solutions Private Limited (GESPL), in Chhatrapati Sambhajinagar, Maharashtra, on October 17, 2026. The subsidiary will undertake EPC and turnkey infrastructure work in Battery Energy Storage Systems, renewable energy, power, and electrical projects, with an initial capital contribution of Rs 1,00,000 for 10,000 equity shares of Rs 10 each. This is a routine corporate restructuring step with no reported financial impact on the parent beyond the nominal capital infusion.

• · The company had given an earlier intimation dated October 01, 2026 regarding this subsidiary
• · Incorporation was approved by the ROC, CRC, MCA
• · The consideration is payable entirely in cash; no share swap is involved
• · The filing was also uploaded to the company website

17-10-2026

Bajaj Finserv Limited has incorporated a wholly owned subsidiary, Bajaj Reinsurance Limited, effective 17 October 2026 to carry on the reinsurance business, subject to necessary regulatory approvals. The company subscribed to 10,00,000 equity shares of face value Rs. 10 each, amounting to Rs. 1,00,00,000 (Rs. 1 Crore), in cash, and holds 100% of the equity. This follows the board's 31 July 2026 approval of the reinsurance initiative.

• · No objection certificate for incorporation has been obtained from the Insurance Regulatory and Development Authority of India (IRDAI)
• · Certificate of Incorporation was received from the Ministry of Corporate Affairs via email on 17 October 2026 at 12:37 hours IST
• · Disclosure made pursuant to Regulation 30 of SEBI Listing Regulations, 2015, referencing the SEBI Master Circular dated 30 January 2026
• · Incorporation follows the board's earlier intimation dated 31 July 2026 approving the reinsurance business via a subsidiary

17-10-2026

Gravita India Limited intimated stock exchanges that it has approved an additional investment of approximately Rs. 94.42 crores, or such higher amount as may be required, to subscribe to the rights issue of Rashtriya Metal Industries Limited (RMIL), its material subsidiary (99.5880% pre-rights, 99.5881% post-rights). The investment is cash-funded for general corporate purposes at the subsidiary level, and RMIL is a related party transaction stated to be at arm's length. RMIL reported FY 2025-26 turnover of Rs. 1041 crores, but net worth of Rs. 330 crores and total assets of Rs. 579 crores as of March 31, 2026.

• · RMIL exports to UAE, USA, Thailand, Sri Lanka, Oman, Saudi Arabia, Kenya and Indonesia
• · Transaction is cash consideration, with no regulatory approvals required
• · Completion is expected within timelines specified in the rights offer
• · Investment is a related party transaction because RMIL is a material subsidiary; no other promoter interest disclosed
• · RMIL turnover growth slowed from 32.3% in FY 2024-25 to 14.4% in FY 2025-26

17-10-2026

KPI Green Energy Limited disclosed that its material subsidiary Sun Drops Energia Limited (SDEL) has acquired an additional 43,49,560 equity shares of DEK and Mavericks Green Energy Limited (DMGEL), taking its total holding to 1,50,97,320 shares, or 88.37% of DMGEL's paid-up equity share capital as of October 17, 2026. This is a follow-up to earlier intimations of August 21, 2026 and September 26, 2026 on the proposed acquisition of up to 100% of DMGEL.

• · The filing is made under Regulation 30 of the SEBI Listing Regulations, referencing SEBI Master Circular dated January 30, 2026, with the required disclosures previously submitted as Annexure A to the August 21, 2026 intimation
• · SDEL received the acquisition information from its own side at 10:30 a.m. on October 17, 2026

17-10-2026

ASI Industries Limited sold its entire shareholding of 30,00,000 equity shares (approximately 0.031% of paid-up capital) in PC Jeweller Limited on 16th October 2026 through open market transactions at prevailing market prices. Post-transaction, the Company holds no equity shares in PC Jeweller Limited. The Company states the sale has no material impact on its financials, operations, or other activities.

• · Sale executed via open market transactions on the stock exchange at prevailing market prices
• · Filing is a follow-up to earlier intimations dated 16 October 2026 under Regulation 30 of SEBI LODR Regulations, 2015
• · No monetary consideration amount disclosed in the filing

17-10-2026

Zen Technologies Limited's Board approved the acquisition of a 51.98% fully diluted stake in Cogknit Semantics Private Limited (CSPL), a Bengaluru-based defence technology company developing AI-based battlefield management and situational-awareness systems, for aggregate cash consideration not exceeding Rs. 135.15 crore. The transaction is split between purchase of equity shares from an existing shareholder and subscription to Series A CCCPS, and the Transaction Documents were executed on October 17, 2026, with completion targeted on or before December 13, 2026. CSPL's reported turnover declined from Rs. 2.24 crore in FY 2023-24 to Rs. 0.78 crore in FY 2024-25 and Rs. 0.48 crore in FY 2025-26, a sustained contraction that is a notable counterpoint to the strategic rationale.

• · Completion is subject to conditions precedent; no governmental or regulatory approval is required
• · Transaction is not a related party transaction and no promoter or group company holds an interest in CSPL
• · Zen Technologies held nil shareholding in CSPL prior to the transaction
• · Shareholders' agreement grants the Company rights to nominate majority directors and affirmative voting rights over share capital changes
• · Series A CCCPS issued at face value Rs. 10 each, priced at Rs. 27,015.71 per share
• · Board meeting ran from 12:00 hrs to 19:05 hrs IST on October 17, 2026