India Technology Sector Merger & Acquisition Filings — February 28, 2026

28-02-2026

Lloyds Metals and Energy Limited incorporated a wholly owned subsidiary named Lloyds Ferra Forge Global Private Limited on February 28, 2026, receiving the Certificate of Incorporation on the same date. This follows the company's prior intimation dated February 3, 2026, pursuant to Regulation 30 of SEBI LODR Regulations. The certificate is available on the company's website at www.lloyds.in.

28-02-2026

Refex Holding Private Limited, a promoter of Refex Industries Limited holding 7.65 Cr shares (55.80% of total share capital), created a pledge on 50.45 lakh additional shares (3.67% of total capital) on February 25, 2026, increasing total encumbered promoter shares to 3.16 Cr (23.07% of total capital and 41.34% of promoter holding). The pledge is in favor of Catalyst Trusteeship Limited to secure unrated, unlisted debentures issued by subsidiary Refex Life Sciences Pvt. Ltd., with a cover ratio of approximately 0.85:1 based on share value of ₹34.13 Cr against ₹40 Cr debt. This adds to multiple existing pledges totaling over ₹400 Cr in debt, primarily for personal use by promoters.

• ·Multiple prior pledges exist, including 1.29 Cr shares (10%) dated 30.07.2025 for ₹335 Cr and others totaling >₹400 Cr mostly for personal promoter use.
• ·Encumbrances exceed 20% of total share capital but <50% of promoter holding.
• ·Other lenders include non-bank entities like Indian Chain Private Limited, Ellenbarrie Industrial Gases Limited, and Infosoft Global Private Limited.

28-02-2026

Promoter Mr. Ashish Subhash Dandekar pledged 18,00,000 equity shares (0.94% of total share capital) of Camlin Fine Sciences Limited to HDFC Bank Ltd. on February 24, 2026, to facilitate borrowing by the Company. This increases his total encumbered shares from 70,00,000 (3.64%) to 88,00,000 (4.58%), while his overall holding remains unchanged at 1,97,78,510 shares (10.30%). The disclosure was reported to BSE and NSE on February 27, 2026.

• ·Disclosure filed in compliance with Regulation 31(1) and 31(2) of SEBI (SAST) Regulations, 2011
• ·Pledge reason: 'undertaking/others' to facilitate Company borrowing

28-02-2026

Minerva Ventures Fund acquired 137,088,605 equity shares, representing 8.5761% of Elitecon International Limited's total share/voting capital of 1,598,500,000 shares, on February 27, 2026, increasing its holding from nil to this stake. The acquisition was disclosed under SEBI Regulation 29(1) on February 28, 2026, with the acquirer not belonging to the promoter/promoter group and no PACs or encumbrances involved.

• ·Disclosure filed with BSE; acquirer PAN: AAQCM6132Q
• ·Mode of acquisition and salient features of securities not specified (N/A)
• ·No warrants, convertible securities, VR otherwise than shares, or encumbrances acquired or held post-transaction

28-02-2026

InfoBeans Technologies Limited filed a Merger/Acquisition document on February 28, 2026. The content appears heavily corrupted or poorly OCR-scanned, preventing extraction of specific transaction details, involved parties, or financial terms. No quantitative metrics, period-over-period comparisons, or performance data are discernible.

• ·Filing Date: February 28, 2026

28-02-2026

Vishal Mega Mart Ltd (544307) has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received from Samayat Services LLP. This filing indicates Samayat Services LLP's intention to acquire shares or voting rights in Vishal Mega Mart Ltd that may cross substantial acquisition thresholds (typically 5% or more). No specific details on deal structure, shareholding changes, valuation, or transaction terms are disclosed.

28-02-2026

BSE has received a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Horizon Impex Pvt Ltd and its Persons Acting in Concert (PACs) pertaining to Westlife Foodworld Ltd (BSE: 505533). This filing signals an intention to acquire shares in the company that could cross substantial shareholding thresholds under SAST. No details on deal size, share count, percentage stake, valuation, or transaction structure were disclosed.

28-02-2026

BSE has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Umiya Holding Pvt Ltd regarding Umiya Buildcon Ltd (BSE: 532376). No details on deal structure, share acquisition/disposal quantities, percentages, valuation, or transaction terms are provided in the filing. This is an informational prior intimation with no quantitative metrics disclosed.

28-02-2026

Sangeeta Ketan Shah, promoter of Hem Holdings & Trading Limited (BSE: 505520), disclosed the sale of 9,800 equity shares (4.08% stake) on February 25, 2026, via off-market transaction, reducing her holding from 23,803 shares (9.92%) to 14,003 shares (5.83%). This represents a 41.2% decline in her shareholding. The company's total equity share capital remains unchanged at ₹24,00,000 (2,40,000 shares of ₹10 each).

• ·Disclosure filed on February 27, 2026, pursuant to SEBI Regulation 29(2)
• ·BSE Scrip Code: 505520
• ·Mode of sale: Off Market (Sale)

28-02-2026

Bbigplas Poly Private Limited acquired additional equity shares of Ddev Plastiks Industries Limited from promoters Narendra Suranna, Ddev Surana, and Tara Devi Surana via exempt inter-se promoter group transfer on February 4-5, 2026, increasing its stake marginally from 74.17% to 74.9%. The acquisition price was ₹380 per share, compliant with SEBI Takeover Regulations 10(1)(a)(ii) as it did not exceed 25% above the VWAP of ₹36.58 preceding the October 1, 2025 notice. Sellers' holdings declined sharply to negligible levels post-transfer.

• ·Report filed with SEBI on February 27, 2026, under Regulation 10(7).
• ·Intimation to stock exchanges under Regulation 10(5) on October 1, 2025, and 10(6)/29 on February 6, 2026.
• ·Target company scrip code: 543547.

28-02-2026

Puspamitra Das, a promoter of Justo Realfintech Limited, acquired 7,000 equity shares through the open market on February 26, 2026, increasing his shareholding from 73,97,216 shares (39.35% of total) to 74,04,216 shares (39.39%). The company's total equity share capital remains unchanged at ₹187.98 Cr, comprising 1,87,98,142 equity shares of ₹10 each. This marginal increase reflects promoter confidence with no reported declines in holdings.

• ·Disclosure filed on February 27, 2026, pursuant to Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
• ·Scrip code: 544542; ISIN: INE0W5Q01017

28-02-2026

Promoter Krishna Kumar Mohta acquired 27,724 equity shares (0.043% of total share capital) of The Indian Wood Products Co Ltd on February 27, 2026, through an open market purchase. His individual holding increased marginally from 1,979,802 shares (3.095%) to 2,007,526 shares (3.138%). The promoter group's overall stake rose slightly from 45,497,658 shares (71.122%) to 45,525,382 shares (71.165%), with no changes in other promoter group members' holdings.

• ·Largest promoter group holding: Security Company Limited at 12,325,442 shares (19.267%)
• ·No shares encumbered, warrants, or convertible securities held by acquirer
• ·Disclosure filed on February 28, 2026, pursuant to SEBI (SAST) Regulation 29(2)

28-02-2026

BSE received disclosures under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, for Vishnu Prakash R Punglia Ltd (543974) from Vijay Punglia on February 28, 2026. No specific details on transactions, shareholding changes, percentages, or financial impacts are mentioned in the filing. This appears to be a routine compliance disclosure related to substantial shareholding.

28-02-2026

Promoter group of Modern Dairies Ltd., led by Mr. Krishan Kumar Goyal, acquired 28,00,000 equity shares through conversion of convertible warrants allotted on a preferential basis, increasing their aggregate holding from 99,78,407 shares (38.94% of total share capital, 31.26% diluted) to 1,27,78,407 shares (44.97% total, 40.03% diluted). The acquisition occurred on February 27, 2026, with disclosures filed on February 28, 2026, pursuant to Regulation 29(2) of SEBI (SAST) Regulations, 2011. No encumbrances or disposals were reported.

• ·Chandigarh Finance Private Limited acquired 12,00,000 shares (largest individual acquisition), increasing its holding from 4.96% to 8.70%.
• ·Individual post-acquisition holdings: Krishan Kumar Goyal 39,97,543 shares (14.07%); Alka Goyal 36,28,972 shares (12.77%); Krishan Goyal HUF 18,80,000 shares (6.62%); Mala Builders Pvt Ltd 8,00,000 shares (2.81%).
• ·Scrip Code: 519287; ISIN: INE617B01011.

28-02-2026

Hazoor Multi Projects Limited informed BSE that the conversion of its investment in Optionally Convertible Debentures (OCDs) of wholly owned subsidiary Square Port Shipyard Private Limited into equity shares, previously disclosed on January 27, 2026, has a revised indicative completion timeline of March 2026. No other details from the prior disclosure have changed. This update is pursuant to Regulation 30 of SEBI Listing Regulations.

• ·Scrip ID/Code/ISIN: HAZOOR/532467/INE550F01049
• ·Prior intimation link: https://www.bseindia.com/xml-data/corpfiling/AttachHis/d70b932e-7388-44d1-9601-c8fe7250d1bb.pdf
• ·DIN: 02604676

28-02-2026

Anupam Rasayan India Limited, a promoter of TANFAC Industries Limited, created a non-disposal undertaking encumbrance on 25.73 L equity shares (25.80% of total share capital) held by it, in favor of Axis Trustee Services Limited, effective February 20, 2026. This encumbrance secures an external commercial borrowing of USD 30 Mn (security cover ratio 4.05:1 based on share value of ₹1,106.50 Cr), with proceeds utilized for the acquisition of Monitchem Kansas S.À.R.L. and subsidiaries. The encumbrance represents 49.79% of total promoter shareholding (51.81%), with no prior encumbrances noted on these shares.

• ·Encumbrance created on February 20, 2026; disclosure filed February 28, 2026.
• ·Equity shares of TANFAC (₹10 FV) pending 1:2 sub-division into ₹5 FV shares (board approved January 9, 2026; members approved February 23, 2026).
• ·No other existing encumbrances on promoter shares.
• ·Encumbrance related to external commercial borrowing, not debt instruments like debentures.