India Technology Sector Merger & Acquisition Filings — April 16, 2026

16-04-2026

Kothari Industrial Corporation Limited (KICL) received allotment of 2,70,00,000 equity shares in Phoenix Kothari Footwear Private Limited (PKFPL) on April 15, 2026, at Rs. 10/- per share, pursuant to further investment approved by its board, resulting in KICL's shareholding increasing to 30%. This related party transaction aims to strengthen KICL's presence in the footwear industry, which aligns with its core business. However, PKFPL reported Nil turnover for FY 2022-23, FY 2023-24, and FY 2024-25.

• ·PKFPL incorporated and operating in Chennai, Tamil Nadu, India.
• ·Transaction is a related party transaction due to Mr. Rafiq J Ahmed's directorship in PKFPL.
• ·No governmental or regulatory approvals required for completion.
• ·Allotment approved by PKFPL board on April 15, 2026.

16-04-2026

TVS Motor Company Limited increased its shareholding in subsidiary DriveX Mobility Private Limited to 92.41% from 87.38% through acquisition of an additional 0.20% stake for Rs. 9,99,60,460.68 on April 15, 2026. DriveX reported turnover growth to Rs. 59.97 Cr in FY 2024-25 from Rs. 33.99 Cr in FY 2023-24 (up 76.5% YoY) and Rs. 5.79 Cr in FY 2022-23, but recorded a loss after tax of Rs. 46.33 Cr with networth of Rs. 36.98 Cr. The transaction is a related party deal at arm's length, with promoter group member Mr. Sudarshan Venu holding 0.38% in DriveX.

• ·DriveX CIN: U63040TZ2020PTC033680, incorporated April 1, 2020.
• ·Transaction completed on April 15, 2026; intimation on April 16, 2026 at 10:08 A.M. IST.
• ·No governmental or regulatory approvals required.

16-04-2026

The Hon’ble National Company Law Tribunal, New Delhi Bench, sanctioned the composite scheme of amalgamation of Velotio Technologies Private Limited and Scaleworx Technologies Private Limited with R Systems International Limited on April 16, 2026, pursuant to Sections 230 to 232 of the Companies Act, 2013. The scheme will become effective upon fulfillment of conditions under Clause 22, with the certified copy of the order awaited. This follows prior disclosures on September 11, 2024, February 28, 2025, April 01, 2025, and May 23, 2025.

• ·Order available on NCLT website: https://nclt.gov.in
• ·Order also available on company website: https://www.rsystems.com/schemes-of-amalgmation-arrangement-capital-reduction/
• ·Disclosure pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015

16-04-2026

Gujarat Winding Systems Ltd (BSE: 541627) has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, received by BSE on April 16, 2026, from Sanjeev Lunkad and Persons Acting in Concert (PACs). This indicates an intention to acquire shares that may cross substantial acquisition thresholds. No specific details on deal structure, share counts, percentages, valuation, or financial impacts were disclosed in the filing.

16-04-2026

PC Jeweller Limited (BSE: 534809) has disclosed receipt of a filing under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Pooja Garg and Persons Acting in Concert (PACs). This disclosure signals an intention to acquire shares potentially crossing substantial acquisition thresholds. No quantitative details such as share count, percentage stake, deal value, or transaction structure were provided in the filing.

16-04-2026

Cranes Software International Limited submitted a declaration under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations 2011 for the financial year ended March 31, 2026. The declaration, received from promoter Mr. Mueed Khader on behalf of the Promoter and Promoter Group, discloses their shareholdings. This routine compliance filing was sent to Bombay Stock Exchange Ltd. on April 15, 2026, and filed on April 16, 2026.

• ·Company CIN: L05190KA1984PLC031621
• ·Scrip Code: 512093
• ·Registered Office: #82, Presidency Building, 3rd & 4th Floor, St. Marks Road, Bengaluru - 560 001, Karnataka

16-04-2026

DY Captive Projects LLP, a promoter/promoter group entity, sold 5,338,272 equity shares (0.37% of total) of Mangalam Industrial Finance Limited on the open market, with 25,87,606 shares sold on April 13, 2026, and 27,50,666 shares on April 15, 2026, pursuant to SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 Regulation 29(2). This reduced their holding from 76,429,374 shares (5.36%) to 71,091,102 shares (4.99%), representing a 6.9% decline in their shareholding. No changes in encumbrances, voting rights otherwise, or convertible securities.

• ·Disclosure filed on April 16, 2026
• ·Mode of sale: Open Market
• ·No shares in encumbrance (pledge/lien/non-disposal undertaking) before, during, or after
• ·No warrants, convertible securities, or other instruments held

16-04-2026

MosChip Technologies' Board approved the acquisition of 73% stake in Vayavya Labs Private Limited (VLPL) for ₹245.49 crores, comprising ₹148.52 crores in cash and ₹96.97 crores via issuance of 50,50,686 swap shares at ₹192 each. VLPL reported provisional turnover of ₹83 crores for FY 2025-26, reflecting strong YoY growth of 29% from ₹64.4 crores in FY 2024-25, 16% from ₹55.5 crores in FY 2023-24, and 46% from ₹38.1 crores in FY 2022-23, positioning it as EBITDA-accretive with expertise in embedded software for semiconductors and automotive. The transaction, subject to shareholder approval at EGM on May 12, 2026, and regulatory nods, aims to boost top-line, EBITDA, and product engineering capabilities.

• ·EGM scheduled for May 12, 2026, to approve preferential issue.
• ·Remaining 27% stake acquisition post March 31, 2028, valuation linked to VLPL performance.
• ·Approvals required: stock exchanges, RBI, others; completion within 15 days of approvals.
• ·VLPL incorporated July 28, 2006; development centers in Bengaluru, Belagavi; presence in US, Europe, Israel, Japan.

16-04-2026

BSE has received a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Atri Energy Transition Pvt Ltd pertaining to Affordable Robotic & Automation Ltd (BSE: 541402). The filing provides no details on the nature of the acquisition, shareholding changes, or transaction terms. No quantitative metrics, financial impacts, or strategic rationale are disclosed.

16-04-2026

Rex Sealing and Packing Industries Limited disclosed promoter and promoter group shareholding of 16,20,990 equity shares (63.95%) as on March 31, 2026, with public holding at 9,13,962 shares (36.05%), totaling 25,34,952 shares. No encumbrances were made on shares during the period. The company has 3,65,000 convertible warrants issued, with 50,048 pending conversion.

• ·BSE Scrip Code: 543744
• ·Disclosure pursuant to Regulation 31(4) of SEBI (SAST) Regulations, 2011
• ·No encumbrance of shares during the period ended March 31, 2026

16-04-2026

Kamats Worldwide Food Services Private Limited (promoter group), acting in concert with Dr. Vikram V. Kamat, Dr. Vidhi V. Kamat, and Vits Hotels Worldwide Private Limited, acquired 3,86,541 equity shares representing 2.12% of Vikram Kamats Hospitality Limited's share capital via preferential allotment on April 15, 2026. This increased the acquirer's holding from 39,38,500 shares (22.59%) to 43,25,041 shares (23.77%). The transaction raised the target company's equity share capital from Rs. 17,43,38,650 (1,74,33,865 shares) to Rs. 18,19,91,900 (1,81,99,190 shares).

• ·Disclosure pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
• ·Mode of acquisition: Preferential allotment.
• ·Acquirer is part of Promoter/Promoter group.
• ·No shares encumbered, no voting rights otherwise than by shares.
• ·Filing submitted to BSE Limited on April 16, 2026.

16-04-2026

Share India Securities Limited disclosed newspaper advertisements pursuant to NCLT Ahmedabad Bench-I order dated 09th April, 2026, regarding the hearing of the Joint Second Motion Petition for the Scheme of Amalgamation of Silverleaf Capital Services Private Limited with the company, scheduled for 15th May, 2026. The advertisements were published on 16th April, 2026, in Indian Express (All India Edition, English) and Financial Express (Ahmedabad Edition, English), and hosted on www.shareindia.com. This is a procedural update under Regulation 30 of SEBI LODR with no financial metrics reported.

• ·Scrip Code: 540725 / 976824 / 976825 / 977430; Symbol: SHAREINDIA
• ·Filing pursuant to Sections 230-232 of the Companies Act, 2013