Latest Announcements

Kitex Garments Limited has informed about the publication of newspaper notices for convening meetings of its equity shareholders and unsecured creditors. These meetings are mandated by an order from the Hon'ble National Company Law Tribunal, Kochi Bench, and relate to a Scheme of Arrangement between Kitex Childrenswear Limited and Kitex Garments Limited, along with their respective shareholders and creditors, under Sections 230 to 232 of the Companies Act, 2013. This signifies a procedural step in a broader corporate restructuring process.

Wipro Limited has informed the exchanges about a delay in the completion of its previously announced acquisition of select customer contracts from Alpha Net Consulting LLC and its subsidiaries. The transaction, initially expected to conclude by June 30, 2026, is now anticipated to be finalized latest by September 30, 2026, extending the timeline by three months.

Honasa Consumer Limited (HCL) has announced the acquisition of a 58% majority stake in Fluence Pharma, a science-backed nutraceuticals company specializing in patented Cyclical Nutrition Therapy. This strategic move marks HCL's entry into the high-growth nutraceuticals market, particularly focusing on "inside-out" beauty solutions. HCL will establish a new subsidiary, Honasa Health Private Limited, to scale Fluence's B2C nutrition portfolio. Fluence Pharma reported approximately INR 40 Crore revenue with over 20% EBITDA margin in FY26.

Honasa Consumer Limited has approved the acquisition of a majority 58% equity stake in Fluence Pharma Private Limited for approximately ₹135 Crores enterprise value. Fluence Pharma offers condition-specific OTC supplements under brands like "Hair Fact" and "Skin Fact." This strategic move marks Honasa's entry into the rapidly growing nutraceuticals market, which is valued at over ₹16,000 Crores. The company also announced the incorporation of a wholly-owned subsidiary, Honasa Health Private Limited, to manage its B2C nutraceuticals business. The remaining 42% stake in Fluence Pharma will be acquired in two tranches over the next 5-7 years.

Concord Enviro Systems Limited announced the publication of a newspaper notice regarding the hearing of a petition for a Scheme of Arrangement between the Company and its Shareholders. The petition, filed under Sections 230, 52, and 66 of the Companies Act, 2013, has been admitted by the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench. The hearing for the sanction of this scheme is scheduled for July 23, 2026. This announcement represents a procedural step in the company's corporate restructuring process, progressing towards NCLT approval.

Niraj Cement Structurals Limited has announced the submission of a Detailed Public Statement (DPS) to the Exchange by Navigant Corporate Advisors Ltd. This statement is intended for the attention of the company's equity shareholders. The announcement does not disclose the specific content or implications of the DPS.

Gayatri Highways Limited has provided an update regarding its acquisition of a 23.00% equity stake in HKR Roadways Limited from Kotak Special Situations Fund. The completion timeline for acquiring 10,67,729 equity shares of HKR Roadways, which was initially expected by June 30, 2026, has now been extended to on or before September 30, 2026. This delay is due to certain conditions HKR Roadways Limited needs to comply with, as obligated under the Securities Purchase Agreement, while all other terms of the sale remain unchanged.

Hubtown Limited has obtained requisite approvals from its equity shareholders and unsecured creditors for two Schemes of Arrangement to merge Saicharan Consultancy Private Limited (SCPL) and 25 West Realty Private Limited (25 West) into Hubtown. The SCPL merger consolidates Hubtown's ownership in its subsidiary's 'Rising City' project, increasing its revenue share by 21.17%. The 25 West merger integrates a super-luxury residential project expected to generate approximately ₹6,000 crores in revenue. These strategic initiatives aim to strengthen Hubtown's revenue base, profitability, and market position through asset consolidation, pending final NCLT and other regulatory approvals.

GTPL Hathway Limited has signed a Business Transfer Agreement to acquire the Cable Television Business of seven companies belonging to the ACT Group for a cash consideration of Rs. 36.23 crore. This strategic acquisition will add approximately 6.00 lakh cable television subscribers across Andhra Pradesh, Telangana, Orissa, and Karnataka, significantly expanding GTPL's market presence. The transaction is not a related party deal and requires no governmental approvals, with completion expected by September 15, 2026.

Kitex Garments Limited has announced that the National Company Law Tribunal (NCLT), Kochi Bench, has directed it to convene meetings of its equity shareholders and unsecured creditors. These meetings, scheduled for July 24, 2026, will consider and approve a Scheme of Arrangement. The scheme involves the demerger of Kitex Childrenswear Limited from Kitex Garments Limited, with details provided for remote e-voting and cutoff dates.

Bharti Airtel Limited has completed the acquisition of a 16.3% stake in its UK-listed subsidiary, Airtel Africa plc, from Indian Continent Investment Limited (ICIL) on June 22, 2026. This transaction increases Bharti Airtel's effective stake in Airtel Africa to approximately 79%. In consideration for the stake, the company's Special Committee of Directors approved the preferential allotment of 146,761,335 fully paid-up equity shares to ICIL. As a result, ICIL now holds approximately 3.25% of Bharti Airtel's total post-issue equity share capital, and the company's paid-up equity share capital has increased.

Lloyds Engineering Works Limited has scheduled an Extra Ordinary General Meeting (EGM) on July 15, 2026, with a record date of July 8, 2026. The EGM will be conducted virtually via Video Conference/Other Audio-Visual Means. The primary agenda for the meeting is to approve the acquisition of a controlling stake in Steel Infra Solutions Company Limited. This acquisition will be facilitated through a swap of equity shares via preferential allotment, meaning it will be a non-cash consideration.

LLOYDS ENGINEERING WORKS LIMITED has announced an Extraordinary General Meeting (EGM) scheduled for July 15, 2026, to be held via Video Conference. The EGM's main agenda is to seek shareholders' approval for the acquisition of a controlling stake in Steel Infra Solutions Company Limited. This acquisition will be implemented through a share swap via preferential allotment of equity shares, rather than a cash consideration.

Polyplex Corporation Limited announced that its step-down subsidiary, Polyplex (Thailand) Public Company Limited (PTL), has received an intimation regarding a tender offer. AGPH (Thailand) Ltd., a wholly-owned subsidiary of AGP Holdco Limited (a 24.28% shareholder in Polyplex Corporation), intends to acquire all ordinary shares of PTL at THB 15.00 per share. This offer values PTL at approximately THB 13.5 billion, and the official tender offer filing is expected by June 29, 2026. This development suggests a potential divestment or change of control for PTL.

Transrail Lighting Limited announced two key decisions: the acquisition of 100% equity in Gactel Turnkey Projects Limited and the resignation of Deputy Managing Director Mr. Raman Rajagopalan. The acquisition of Gactel, a company with a FY26 turnover of ₹0.58 Crore in industrial cooling solutions, is a strategic cash investment aimed at bolstering Transrail's engineering and EPC capabilities in cooling towers. While a related party transaction, it's stated to be at arm's length. Mr. Rajagopalan's resignation, effective July 31, 2026, is due to personal commitments. The acquisition signals future growth in a niche segment.

Transrail Lighting Limited is set to acquire a 100% equity stake in Gactel Turnkey Projects Limited, an Industrial Cooling Solutions provider, from Ajanma Holdings Private Limited. This strategic acquisition, despite Gactel's FY26 turnover of ₹0.58 Crore, aims to strengthen Transrail's engineering and EPC capabilities in cooling towers and industrial chimneys and support future growth. The transaction is a related party deal but is stated to be at arm's length. Additionally, Mr. Raman Rajagopalan has resigned as Deputy Managing Director for personal reasons, effective July 31, 2026.

NAVA LIMITED's Board of Directors has approved the amalgamation of its wholly-owned subsidiary, Nava Healthcare Pte. Ltd. (NHPL), with another wholly-owned subsidiary, Nava Global Pte. Ltd. (NGPL), both based in Singapore. This internal reorganization aims to consolidate the Group's investments (excluding commercial agriculture and O&M services) under a single platform, NGPL, to streamline its holding structure. The move is intended to facilitate strategic business restructuring and enable NGPL to pursue future expansion into value-added healthcare services and other growth opportunities in South East Asia. The transaction is subject to regulatory approvals in Singapore and will not alter NAVA Limited's shareholding pattern.

Zota Health Care Limited has acquired an 80% stake in Globotask IT Consultancy Services Private Limited (GITCPL) for a cash consideration of INR 25 lakhs. GITCPL, an IT software and services company, generated a turnover of INR 19.28 lakhs in FY 2025-26. The acquisition aims to provide IT solutions, including cloud-based software, app development, and ERP, to Zota Health Care and its subsidiaries, making GITCPL a subsidiary.

Zota Health Care Limited has acquired 1,000,000 equity shares of its wholly-owned subsidiary, Curexis Ventures Private Limited, for Rs. 2 crore through a rights issue subscription. This strategic investment aims to expand Curexis's SKIA retail pharmacy stores and address its working capital needs. Curexis, engaged in drug manufacturing, development, and marketing, will continue as a wholly-owned subsidiary post-acquisition. The subsidiary reported a turnover of Rs. 1.18 lakhs in FY2025-26. The transaction was a cash consideration.

Hubtown Limited announced that its equity shareholders have approved the Scheme of Arrangement for the merger/amalgamation of 25 West Realty Private Limited with Hubtown Limited. The Court Convened General Meeting, held on June 19, 2026, saw the resolution pass with an overwhelming majority, receiving 99.99% of votes in favor from the total polled votes. This approval, pursuant to NCLT directions, marks a crucial step in the corporate restructuring process.