Latest Announcements

Midland Polymers Ltd announced the post-offer advertisement for its open offer, revealing that only 1,765 equity shares (0.005%) were tendered and accepted out of the 9,750,000 shares (26.00%) sought by the acquirers at Rs. 10 per share. Despite the open offer's minimal success, the acquirers successfully completed a preferential allotment for 25,931,240 shares, resulting in their collective post-offer shareholding being 69.15% of the expanded equity. Public shareholding now stands at 30.85% of the expanded capital.

Vivro Financial Services Pvt Ltd has submitted a Letter of Offer for an Open Offer to the public shareholders of Rekvina Laboratories Ltd. Acquirers Surbhit Mukesh Shah, Amit Mukesh Shah, and Dhruvalkumar Patel propose to acquire up to 2,890,100 equity shares, representing 26% of the company's expanded share capital. The offer price is ₹10 per equity share, payable in cash. This offer is made in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and provides an exit opportunity for public shareholders.

Batliboi Ltd. has announced the acquisition of 100% of Penta Automation Systems Private Limited for an aggregate equity value of approximately INR 19.8 crores. Penta, along with its proposed wholly-owned subsidiary Pats Robotics Private Limited, is engaged in industrial automation and robotics integration, generating a combined revenue of INR 25.17 crores in FY25-26. The acquisition is a strategic move to diversify Batliboi's business portfolio and expand into the complementary industrial automation sector, with completion expected by July 31, 2026.

Batliboi Limited's Board has approved the acquisition of 100% of Penta Automation Systems Private Limited, which includes its subsidiary Pats Robotics Private Limited. The acquisition, valued at approximately INR 19.8 crores, is a strategic move to enter and scale in the industrial automation and robotics integration space, diversifying Batliboi's business portfolio. The combined revenue of Penta Group for FY 2025-26 was INR 25.17 crores, and the transaction is expected to be completed by July 31, 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.

Maximus International Ltd has executed a Share Purchase Agreement to acquire a 40% equity stake in Quebec Petroleum Resources Limited, a Vadodara-based company with over 20 years of presence in lubricants manufacturing and petroleum products distribution. The acquisition aims to enhance Maximus's market position and product portfolio. The transaction involves Mr. Aniruddh Gandhi, a director and substantial beneficial owner of Maximus, making it a related party transaction, though it is stated to be undertaken on an arm's length basis.

Kitex Garments Ltd announced that the National Company Law Tribunal (NCLT), Kochi Bench, has directed the company to convene meetings of its Equity Shareholders and Unsecured Creditors. These meetings, scheduled for July 24, 2026, are to consider and approve a Scheme of Arrangement. The scheme involves the demerger of Kitex Childrenswear Limited from Kitex Garments Limited, aiming to restructure the corporate entities.

Monoflus Pte Ltd and its Persons Acting in Concert (PACs) have submitted a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, concerning Standard Engineering Technology Ltd. This announcement indicates that Monoflus Pte Ltd and its associates have acquired a substantial percentage of the company's shares, triggering the requirement for public disclosure. This is a routine compliance filing under SAST regulations, reflecting changes in significant shareholding.

Bharti Airtel has completed the acquisition of an additional 16.3% stake in its UK-listed subsidiary, Airtel Africa, from Indian Continent Investment Limited (ICIL), thereby increasing its effective ownership to approximately 79%. In consideration for this acquisition, Bharti Airtel preferentially allotted 146,761,335 fully paid-up equity shares to ICIL. Consequently, ICIL now holds about 3.25% of Bharti Airtel's expanded post-issue equity share capital, and the company's paid-up equity capital has increased.

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.

Fedex Securities Pvt Ltd, Manager to the Offer, has submitted a Draft Letter of Offer for an open offer to acquire up to 2,346,250 equity shares, representing 26.00% of Parmax Pharma Ltd's expanded voting capital, from its public shareholders. The offer is made by Dhiren Chandulal Shah and Sunil Chinubhai Shah, along with ten Persons Acting in Concert (PACs), at a price of ₹42.80 per equity share, in compliance with SEBI (SAST) Regulations, 2011.

Novartis India Ltd's open offer by WaveRise Investments, ChrysCapital Fund X, and Two Infinity Partners to acquire up to 26% of the company's equity has received an extremely low response from public shareholders. As of June 22, 2026, only 10 physical shares and zero dematerialized shares have been tendered, representing a negligible 0.00% of the total offer size. This indicates a significant lack of interest from public shareholders in tendering their shares at the offered price.

IP Rings Ltd has signed a Business Transfer Agreement with its 50% owned Joint Venture, IPR Eminox Technologies Private Limited, to purchase its manufacturing division of Exhaust After Treatment Systems through a slump sale for Re. 1. This division had a turnover of Rs. 39 Crores in FY25-26. IP Rings will take over assets worth Rs. 2.67 Crores and working capital of Rs. 2.08 Crores, along with bank liabilities of Rs. 3.45 Crores. The transaction, a related party deal, is deemed to be at arm's length based on a valuer's report, and also includes a Licensing and Technical Support Agreement.

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.

Lloyds Engineering Works Ltd has announced an Extra Ordinary General Meeting (EGM) scheduled for July 15, 2026, to be conducted virtually. The primary agenda item for the EGM is to obtain shareholder approval for the acquisition of a controlling stake in Steel Infra Solutions Company Limited. This acquisition will be facilitated by a swap of equity shares through a preferential allotment, indicating a non-cash transaction. The announcement also provides details regarding the remote e-voting process for shareholders, with July 8, 2026, set as the cut-off date for eligibility.

Polyplex Corporation Ltd announced that its step-down subsidiary, Polyplex (Thailand) Public Company Limited (PTL), received an intention to make a tender offer. AGPH (Thailand) Ltd., a wholly-owned subsidiary of AGP Holdco Limited (which holds 24.28% equity in Polyplex Corporation Ltd), is the tender offeror. The offer is to acquire all ordinary shares of PTL at THB 15.00 per share, valuing the total acquisition at THB 13.5 billion. The official tender offer is expected to be submitted by June 29, 2026. This move signifies a potential change in ownership or delisting for PTL, initiated by a related entity of a significant shareholder of the parent company.

Lloyds Engineering Works Ltd is convening an Extra Ordinary General Meeting (EGM) on July 15, 2026, to secure shareholder approval for a significant strategic move. The main item on the agenda is the acquisition of a controlling stake in Steel Infra Solutions Company Limited. This transaction will be executed through a swap of equity shares via a preferential allotment, indicating a non-cash consideration for the acquisition. The EGM will be held virtually, adhering to current regulatory guidelines for shareholder meetings.

Sharp Investments Ltd has intimated a Board Meeting on June 26, 2026, to consider an initial investment via the acquisition of equity shares in Rajal Lefin & Commercial Private Limited (RLCPL). The board will also discuss the broad framework of the proposed acquisition, including the percentage of shares, acquisition mode, and consideration, and approve the appointment of necessary advisors. The trading window for designated persons will remain closed until 48 hours post-meeting.