Latest Announcements

Power Finance Corporation Ltd (PFC) has announced that its Board of Directors will convene a meeting on June 28, 2026. The primary agenda for this meeting is to consider and approve a scheme of merger between Power Finance Corporation Limited and REC Limited. This significant corporate action will be subject to the provisions of the Companies Act, 2013, SEBI Listing Regulations, and other applicable laws and guidelines. The trading window for dealing in PFC securities remains closed in anticipation of this material event.

Rashi Peripherals Limited announced its strategic acquisition of a 67% stake in VDA Infosolutions Private Limited for INR 3.68 billion, valuing VDA at INR 5.5 billion. VDA, with FY26 revenue of approximately INR 8.5 billion, specializes in enterprise technology and digital infrastructure solutions, including cloud, cybersecurity, and data protection. This acquisition transforms Rashi Peripherals from an ICT distributor into an integrated technology solutions and services provider, targeting high-growth segments like enterprise cloud and AI-enabled IT. The remaining 33% stake will be acquired over three years, positioning the company for accelerated growth in the digital infrastructure space.

Indo Thai Securities Ltd (ITSL) has announced a meeting for its unsecured creditors on July 24, 2026, convened under the directions of the National Company Law Tribunal (NCLT). The purpose of the meeting is to seek approval for a proposed Scheme of Arrangement between ITSL and Indo Thai Financial Services Limited (ITFSL), along with their respective shareholders, as per Sections 230 to 232 of the Companies Act, 2013. This specific communication details the process of informing creditors whose email addresses are not registered with the company, providing them a web-link to the meeting notice and annexures.

Indo Thai Securities Ltd (ITSL) has informed shareholders about a meeting scheduled for July 24, 2026, to consider and approve a proposed Scheme of Arrangement between ITSL and Indo Thai Financial Services Limited (ITFSL) and their respective shareholders. This meeting is being held as per the directions of the National Company Law Tribunal, Indore Bench. The company has sent web-links to shareholders whose email addresses are not registered, providing access to the meeting notice and annexures.

Indo Thai Securities Limited has notified exchanges about dispatching letters to its unsecured creditors whose email addresses were not registered. These letters provide a weblink to the Notice of Meeting for unsecured creditors, convened as per National Company Law Tribunal (NCLT) directions. The meeting, scheduled for July 24, 2026, aims to consider and approve a proposed Scheme of Arrangement between Indo Thai Securities Limited and Indo Thai Financial Services Limited, along with their respective shareholders, under Sections 230-232 of the Companies Act, 2013.

Indo Thai Securities Limited (ITSL) has informed the exchanges about a forthcoming meeting of its Equity Shareholders on July 24, 2026, convened as per the directions of the National Company Law Tribunal, Indore Bench. The meeting aims to consider and approve a proposed Scheme of Arrangement between ITSL and Indo Thai Financial Services Limited. The company has sent letters with a web-link to the meeting notice to shareholders whose email addresses are not registered, ensuring broad communication for this significant corporate restructuring event.

Rashi Peripherals Limited announced the acquisition of a 67% equity stake in VDA Infosolutions Private Limited for a cash consideration of INR 368.50 Crores. VDA, established in 2010, operates in the enterprise technology and digital solutions space with a turnover of INR 850 Crores as of March 2026. This acquisition is a strategic move for forward integration, complementing Rashi Peripherals' core IT products distribution business by expanding into high-growth areas like cloud, cybersecurity, and data protection. The Board also recommended the re-appointment of Deloitte Haskins & Sells LLP as statutory auditors for a second term.

Rashi Peripherals Limited has approved the acquisition of a 67% equity stake in VDA Infosolutions Private Limited for a cash consideration of INR 368.50 Crores. VDA, an IT solutions and services company, specializes in enterprise technology and digital solutions like cloud, cybersecurity, and data protection. This strategic acquisition aims to complement Rashi's core IT products distribution business and facilitate forward integration into the enterprise technology sector. The company also recommended the re-appointment of Deloitte Haskins & Sells LLP as statutory auditors for a second five-year term, subject to shareholder approval.

Le Merite Exports Limited's Board approved the acquisition of an additional 14.5% equity stake in its existing subsidiary, Le Merite Tactical & Defence Solutions Private Limited (LMTDSPL), for a consideration not exceeding Rs. 1,45,000. LMTDSPL, incorporated in June 2025, operates in the technical and defence textiles sector. This move will increase Le Merite Exports' total stake in LMTDSPL, consolidating its control over the nascent subsidiary. The transaction, involving a promoter of LMTDSPL, is deemed an arm's length transaction.

Novartis India Ltd announced an update on the open offer by WaveRise Investments Limited and other acquirers to acquire up to 26% of the company's voting share capital. As of June 23, 2026, a negligible number of shares (NIL in demat and 112 in physical form) have been tendered, representing 0.00% of the offer size. This indicates very low participation from public shareholders in the ongoing offer.

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.

Rashi Peripherals Ltd's Board has approved the acquisition of a 67% equity stake in VDA Infosolutions Private Limited for a cash consideration of INR 368.50 Crores. VDA, established in 2010, operates in the enterprise technology and digital solutions space, with a provisional turnover of INR 850 Crores for FY26. This acquisition is expected to complement Rashi Peripherals' core IT products distribution business and offer strategic forward integration. Additionally, the Board recommended the re-appointment of Deloitte Haskins & Sells LLP as Statutory Auditors for a second five-year term.

Kitex Garments Ltd has published newspaper advertisements for notices convening meetings of its equity shareholders and unsecured creditors. These meetings are a procedural step in relation to a Scheme of Arrangement between Kitex Childrenswear Limited, Kitex Garments Limited, and their respective shareholders and creditors. This action is mandated by an order from the Hon'ble National Company Law Tribunal, Kochi Bench, indicating progress on a significant corporate restructuring or merger initiative.

Rashi Peripherals Ltd announced its decision to acquire a 67% equity stake in VDA Infosolutions Private Limited for a cash consideration of INR 368.50 Crores. VDA, established in 2010, operates in the enterprise technology and digital solutions sector, including cloud, cybersecurity, and data protection. This acquisition is strategic for Rashi Peripherals, complementing its core IT product distribution business and facilitating forward integration into the enterprise technology space. Additionally, the Board recommended the re-appointment of Deloitte Haskins & Sells LLP as statutory auditors for a second term.

Callista Industries Ltd's board approved the preferential allotment of 6.5 lakh equity shares for ₹65 lakhs and 12 lakh convertible warrants (initial receipt of ₹30 lakhs) to raise capital. This increases the paid-up capital to ₹4.69 crore. Concurrently, the company executed a Share Purchase Agreement to acquire 100% of Sadguru Flexibles Packaging Ltd, which will become a wholly-owned subsidiary. Callista Industries also plans to invest ₹10.5 crore in Sadguru Flexibles for its working capital requirements, aligning with the objectives of the preferential issue.

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.

Callista Industries Ltd has allotted 6,50,000 preferential equity shares, raising Rs. 65 lakh, and 12,00,000 convertible warrants, securing Rs. 30 lakh upfront. Concurrently, the company executed a Share Purchase Agreement to acquire 100% of Sadguru Flexibles Packaging Limited, which will become a wholly-owned subsidiary. Callista also proposes to invest Rs. 10.5 crore in Sadguru Flexibles for working capital, aligning with the preferential issue's objectives. This strategic move aims to expand the company's business footprint.

Wipro Limited has announced an update regarding its previously disclosed acquisition of select customer contracts from Alpha Net Consulting LLC. The transaction, initially expected to conclude by June 30, 2026, is now anticipated to be completed latest by September 30, 2026. This represents a three-month delay from the original timeline for the acquisition's closure.

Purple Finance Ltd has announced the receipt of a Letter of Offer dated June 20, 2026, from Allied Commodities Private Limited and Mr. Sandeep Jindal, along with persons acting in concert, for an open offer. The offer aims to acquire up to 1,76,48,152 equity shares, representing 26.00% of the target company's emerging voting capital, at a price of ₹55.00 per share, payable in cash. The offer is made under SEBI SAST Regulations and has secured prior approval from the Reserve Bank of India for the proposed acquisition and change in control of the company.

Honasa Consumer Ltd. announced the strategic acquisition of a 58% majority stake in Fluence Pharma, a science-backed nutraceuticals company known for its patented Cyclical Nutrition Therapy and dermatologist network. This acquisition marks Honasa's entry into the high-growth nutraceuticals category, specifically targeting "inside-out" beauty, under a newly formed subsidiary, Honasa Health. Fluence Pharma reported ~INR 40 Crore revenue and over 20% EBITDA margin in FY26, and Honasa aims to leverage Fluence's science with its own brand-building and digital distribution capabilities.