Company Disclosures › Sub-category
Restructuring / Divestment
74 articles
Restructuring activity is accelerating across various sectors in India, reflecting a reassessment of business strategies and asset portfolios. Several companies are undertaking significant changes, including Clean Max selling stakes in subsidiaries, Everest Industries withdrawing a major capital expenditure plan, and GE Power India demerging a loss-making unit to JSW Energy. Additionally, ITI Limited divested land in Bengaluru to repay debt, while Forbes & Company reported a revenue decline alongside a subsidiary's insolvency proceedings. These developments suggest a broader trend of companies streamlining operations, shedding non-core assets, and focusing on higher-growth areas, potentially impacting investor sentiment and future capital allocation decisions.
Vamshi Rubber Board Approves Undertaking Sale Proposal
Vamshi Rubber Limited board meeting scheduled for July 8, 2026 to consider substantial sale of entire company undertaking.
Proposal addresses current state of affairs in retreading business segment an
DJS Stock Postal Ballot Approves 8 Resolutions
DJS Stock shareholders approved all 8 special resolutions via e-voting with over 99.99% votes in favor for most items.
Resolutions included surrendering trading/clearing memberships and amending the c
Clean Max Sells Stakes in Three Wholly-Owned Subsidiaries
Clean Max board approves sale of 26% stake in two subsidiaries and 49% in a third, all for nominal cash consideration.
The subsidiaries have negligible financial contribution, with two reporting nil t
Everest Industries Subsidiary Withdraws Rs 125 Crore CAPEX
Everest Industries Ltd's subsidiary ESBPL withdraws its Rs 125 crore CAPEX plan for a new manufacturing facility in Andhra Pradesh.
The subsidiary will surrender the allocated land back to APIIC, havi
GE Power India Demerges Durgapur Unit to JSW Energy
GE Power India announces demerger of its loss-making Durgapur manufacturing unit to JSW Energy under a Scheme of Arrangement.
Shareholders to receive 10 JSW Energy shares for every 139 GEPIL shares he
Indian Card Clothing Sells Pune Property for ₹13.2 Cr
Indian Card Clothing executed sale deed for 9,600 sq ft commercial property in Baner, Pune.
Property sold to Balaji Constro Realtech LLP for ₹13.2 crore consideration on July 3, 2026.
Transaction conf
India Glycols NCLT Reserves Demerger Scheme Order
NCLT Allahabad Bench reserved its order on the demerger scheme involving India Glycols, Ennature Biopharma, and IGL Spirits.
Income Tax Department reported an outstanding demand of ₹27,890, contested
Axis Bank Wins NCLAT Appeal Restoration Over Default
NCLAT restores Axis Bank's insolvency appeal against Chintamani's Jewellery due to material breach of court-recorded consent terms.
Corporate Debtor defaulted on ₹2.60 crore principal payments despite
JMG Corporation EGM Approves Name Change, Borrowing Limits
JMG Corporation schedules EGM on July 25, 2026, to seek shareholder approval for 11 resolutions including a name change to Panthaora Limited.
Proposes to enhance borrowing limits to ₹100 crore and cre
Radha Madhav Corporation Corporate Governance Exemption
Radha Madhav Corporation certified exemption from SEBI corporate governance reporting requirements due to sub-threshold size.
Company's net worth remained negative for three consecutive years, ranging
ITI Limited Sells 21 Acres Bengaluru Land for Rs.914.31 Crores
ITI Limited executed and registered a sale deed for 21 acres of land in Bengaluru to the CGST Department for Rs.914.31 Crores.
The net proceeds of Rs.902.81 Crores were used to repay fund-based borrow
Forbes & Company FY26 Revenue Decline with Subsidiary Insolvency
Forbes & Company reported standalone revenue decline to ₹8,519 lakhs from ₹21,280 lakhs due to reduced real estate revenue, while PAT stood at ₹1,472 lakhs.
Subsidiary Forbes Technosys entered NCLT in
Magnanimous Trade Postal Ballot Results
Magnanimous Trade shareholders approved two special resolutions via postal ballot e-voting concluded on July 2, 2026.
Shareholders approved shifting registered office from Rajasthan to Maharashtra wit
Total Transport Systems FY26 Net Profit Falls 11% YoY
Board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026, reporting a YoY decline in net profit.
Approved disinvestment of entire 60% stake in subsidiary
Velan Hotels Sells Tirupur Property for ₹37.16 Crore
Velan Hotels Ltd completed the sale of its Tirupur hotel property to J.P. Associates Asia Pacific Private Ltd on July 2, 2026.
The total sale consideration was ₹37,16,02,048, subject to applicable TDS
NIIT Integrates StackRoute and RPS Consulting into Enterprise Tech
NIIT Limited announces strategic integration of StackRoute and RPS Consulting into unified Enterprise Tech business.
Dr. Vishnupriya Raghavan appointed to lead combined business focusing on AI, cloud,
NCLT Approves SKPCL Composite Amalgamation and Demerger Scheme
NCLT Kolkata sanctions composite scheme amalgamating four companies into Subhash Kabini Power Corp.
Scheme also demerges SKPCL's hydro power undertaking into new entity SKPCL Hydro Power Project.
Appr
NCLT Restores Victory Dealtrade Post Strike-Off
NCLT Kolkata allows Income Tax Officer's appeal to restore Victory Dealtrade Private Limited to the active companies register.
The restoration was ordered due to pending income tax penalty proceedings
Narnolia Group Companies NCLT Amalgamation Scheme Approval
NCLT Kolkata approves first motion for amalgamation of four Narnolia group companies into Narnolia Financial Services Ltd, effective April 1, 2025.
Tribunal dispenses with shareholder and unsecured cr
NCLT Orders Bindra Builders Restoration with ₹1 Lakh Penalty
NCLT Indore allows petition to restore Bindra Builders & Contractors Pvt Ltd, struck off in 2017 for non-filing of statutory returns.
Restoration is granted due to an active ₹49.35 lakh decree from a
NCLT Orders Vedan International Trade Restoration
NCLT allows Income Tax Department's appeal to restore Vedan International Trade Pvt Ltd's name to the company register.
The restoration is ordered due to an outstanding tax demand of ₹1.69 crore again
Sutlej Textiles FY26 Reports ₹79.85 Crore Loss Amid Strategic Transition
Sutlej Textiles reported standalone net loss of ₹79.85 crore despite 24.88% EBITDA growth to ₹85.14 crore on ₹2,584.64 crore revenue.
The company underwent key management changes including appointment
Mobikwik Shareholders Approve Three Special Resolutions
One MobiKwik Systems Limited shareholders approved three special resolutions via postal ballot e-voting on July 2, 2026.
Resolutions included MoA object clause alteration, LSP business sale to subsidi
NCLAT Overturns NCLT Rejection of Micro Capitals Resolution Plan
NCLAT allows appeals, sets aside NCLT Mumbai order rejecting resolution plan for KSS Limited submitted by Micro Capitals Private Limited.
NCLAT approves resolution plan providing Rs 3.01 crore against
NCLT Approves ABFRL-Jaypore-TG Apparel Amalgamation
NCLT Mumbai sanctioned the amalgamation of wholly-owned subsidiaries Jaypore E-Commerce and TG Apparel into Aditya Birla Fashion and Retail Ltd.
The Scheme's appointed date is April 1, 2026, aiming to
Shahi Shipping Board Approves Movable Assets Sale
Shahi Shipping's board approved the sale of movable assets at the best available market price.
The decision was made at a board meeting held on July 2, 2026.
Disclosure is made pursuant to SEBI Listin
PC Jeweller Q1 Revenue Up 21%, Debt Cut 90%
PC Jeweller reports provisional consolidated revenue growth of approximately 21% YoY for Q1FY2027.
The company reduced its outstanding bank debt by another 24% in Q1, achieving over 90% total reductio
Lenskart Board Approves Subsidiary Amalgamation and JV
Lenskart's Board approved a Scheme of Amalgamation to merge two wholly-owned subsidiaries, Dealskart Online Services and Lenskart Eyetech, into the parent company.
The amalgamation aims to simplify th
Arcotech Limited Receives Lenders' OTS Approval
Arcotech Limited discloses approval of its One Time Settlement proposal with consortium lenders under SEBI LODR Regulation 30.
Company faced financial stress leading to NPA status and defaults in paym
Majestic Auto Reports Exceptional FY26 Profits, Declares Dividend
Majestic Auto reported standalone profit of ₹114.18 crore driven by ₹122.8 crore subsidiary sale gain and ₹33.02 crore property sale.
Company declared total dividend of ₹60 per share including final ₹
Kotak Mahindra Bank Acquires ₹9,587.62 Crore KMIL Portfolio
Kotak Mahindra Bank completed direct assignment of ₹9,587.62 crore loan portfolio from subsidiary KMIL effective July 1, 2026.
Transaction follows March 2026 decision to integrate KMIL's business acti
Aurobindo Pharma Completes Domestic Formulations Business Transfer
Aurobindo Pharma transfers its domestic branded generic formulations business to wholly-owned subsidiary Auropharm Limited.
The transfer was executed on a slump sale basis as a going concern, effectiv
NCLT Chennai Approves Amar Prakaash Developers Resolution Plan
NCLT Chennai approves resolution plan by Aadarsh Surana for Amar Prakaash Developers with specific directions.
Tribunal dismisses multiple applications including fraudulent trading claim against promo
NCLT Dismisses Wrongful Trading Case Against Amar Prakaash
NCLT Chennai dismisses Resolution Professional's application seeking Rs 71.82 crore in contributions from directors and related parties for alleged wrongful trading under Section 66 of IBC.
Tribunal a
NCLT Dismisses Amar Prakaash Developers Avoidance Applications
NCLT Chennai approves resolution plan by Aadarsh Surana for Amar Prakaash Developers with specific directions.
Tribunal dismisses multiple avoidance applications, including RP's claim of Rs 1.62 crore
NCLT Approves Amar Prakaash Developers Resolution Plan
NCLT Chennai approves resolution plan by Aadarsh Surana for Amar Prakaash Developers with specific directions.
Tribunal directs treatment of NHD Homes' Rs 17.13 crore claim as homebuyer in approved re
NCLT Approves Amar Prakaash Developers Resolution Plan
NCLT Chennai approves resolution plan by Aadarsh Surana for Amar Prakaash Developers with 96.71% CoC voting share and ₹259.86 crore plan value.
Plan provides ₹250 crore for secured creditors, ₹9 crore
L&T Extends L&T Metro Rail Stake Sale Deadline
Larsen & Toubro extends the completion timeline for its stake disposal in L&T Metro Rail (Hyderabad) Limited to September 30, 2026.
The extension revises the previously estimated completion date for t
Orient Ceratech Windmills Business Sale for ₹16.45 Crore
Orient Ceratech executed agreement for slump sale of Windmills Business comprising seven windmills on June 30, 2026.
Total consideration revised upwards to ₹16.45 Crore after mutual negotiations with
Geecee Ventures Completes Subsidiary Stake Sale
Geecee Ventures completed the disinvestment transaction for its subsidiary Geecee Business Private Limited.
Geecee Business Private Limited ceased to be a subsidiary and is now classified as an associ
India Home Loan Restructures ₹17.55 Crore IDFC Bank Debt
India Home Loan Ltd executed a restructuring agreement with IDFC FIRST Bank on June 30, 2026 for its existing credit facilities.
The agreement restructures ₹17.55 crore outstanding dues into 84 monthl
Goodricke Group FY26 Profit Rises 27% to ₹256M
Goodricke Group reported FY26 net profit of ₹255.52 million, up 27% YoY, despite revenue declining 14% to ₹8,012.90 million.
The company will hold its 50th Annual General Meeting on July 29, 2026, and
Dhampur Bio Organics FY26 Net Profit Rises 107% to ₹25 Crore
Dhampur Bio Organics reported 14.4% revenue growth to ₹3,106 crore and 107% PAT increase to ₹25 crore in FY26, driven by sugar, ethanol, and country liquor segments.
The company declared a final divid
Radha Madhav Corporation NCLT Penalty Waiver Order
Radha Madhav Corporation responds to BSE/NSE queries regarding non-compliance penalties levied for pre-2022 periods.
Company cites NCLT order dated November 10, 2025 waiving all penalties for periods
Bihari Builders NCLT Restoration Order Allowed
NCLT Chandigarh allows Bihari Builders' application to restore its name to the Register of Companies after it was struck off for non-filing.
The company holds valuable immovable property and cited pro
NCLT Restores Durachem Tiles Adhesive Registration
NCLT Chandigarh allows application to restore Durachem Tiles Adhesive Private Limited's name to RoC register.
Company was struck off for failing to file commencement declaration and statutory document
Bandhan Bank Sells ₹291.44 Crore NPA Portfolio
Bandhan Bank discloses sale of ₹291.44 crore NPA housing portfolio to ACRE via Swiss Challenge method.
The transaction was executed for ₹119.49 crore cash consideration, representing 41% recovery of p
Cera Sanitaryware Reports FY26 Revenue Growth Amid Margin Pressure
Cera Sanitaryware reported 7% revenue growth to ₹2,050 crore in FY25-26, though PAT declined 17% to ₹204 crore due to input cost pressures and strategic brand investments.
The company announced ₹75 pe
Mahindra Holidays FY26 Profit Plunges 97% on Impairment
Mahindra Holidays reported a 97% YoY decline in standalone net profit to ₹4.55 crore for FY26 due to a ₹233.70 crore impairment provision on subsidiary investment.
The company will hold its 30th Annua
Surana Telecom Clarifies FY26 Results to NSE
Surana Telecom responded to NSE queries on its FY26 results, citing clerical and technical errors for omissions and a delayed filing.
The company reported a standalone net profit of ₹1,996.90 lakhs fo
UTI AMC FY26 Profit Declines 45% with ₹40 Dividend
UTI AMC reported FY26 consolidated net profit of ₹404.12 crore, down 44.75% YoY due to VRS costs and lower fair value gains despite 11% AUM growth to ₹23.42 lakh crore.
Board recommended final dividen
Raymond Lifestyle Reports 11% FY26 Revenue Growth, Declares Dividend
Raymond Lifestyle achieved FY26 consolidated revenue of ₹7,034 crore with 11% YoY growth and EBITDA margin expansion of 120 bps to 11.4%.
The company declared a final dividend of ₹1 per share and appo
Lake Shore Realty 39th AGM Notice and Annual Report
Lake Shore Realty Limited (formerly Mahaan Foods) submits its 39th Annual Report for FY 2025-26 and notice for AGM to be held on July 15, 2026 via video conference.
The company underwent a complete ma
Ujaas Energy FY26 Net Profit Drops 64% Amid Restructuring
Ujaas Energy reported FY26 net profit of ₹3.16 crore, down 64% from previous year, with revenue declining to ₹16.64 crore.
The company implemented NCLT-approved resolution plan involving demerger of d
Escorts Kubota FY26 Net Profit Surges 89% to ₹2,394 Crore
Escorts Kubota reported consolidated net profit surge of 89% to ₹2,394 crore driven by strong operational performance and ₹1,004 crore gain from Railway Division sale to Sona Comstar.
The Board recomm
Uravi Defence FY26 Consolidated Results with Audit Qualification
Uravi Defence submits audited standalone and consolidated financial results for FY26 and Q4 FY26, along with a statement on the impact of a modified audit opinion.
Statutory auditors issue a qualified
Health X Platform Q4 FY26 Earnings Call Transcript
Health X Platform Ltd reported Q4 revenue growth of 22% YoY to ₹356 crore and reduced EBITDA losses by 29% YoY to ₹20 crore.
The company announced a corporate restructuring demerging its finance divis
Race Eco Chain Q4 FY26 PET Waste Aggregation 144,737 MT
Race Eco Chain reported standalone PET waste aggregation of 144,737 MT in Q4 FY26 and consolidated annual revenue of ₹61.88 crore.
The company announced a strategic equity investment from Ganesha Ecos
DCM Shriram International FY26 Net Loss ₹13.78 Crore Declares Dividend
DCM Shriram International reported a consolidated net loss of ₹13.78 crore for FY26 versus a ₹63.07 crore profit in FY25, with revenue declining 21% to ₹451.17 crore.
The company will hold its 4th AGM
Shivom Investment 34th AGM Notice Post-CIRP
Company schedules 34th AGM for July 7, 2026, to adopt backlogged FY 2023-24 financial statements following Corporate Insolvency Resolution Process (CIRP) completion.
Reports a net loss of ₹48.62 lakh
Shah Alloys FY2026 Results with Auditor Report Correction
Shah Alloys submitted corrected audited financial results for FY2026 after fixing a clerical error in the auditor's report heading.
The company reported a net profit of ₹72.60 crore for FY2026, driven
Dev IT Q4 FY26 Net Profit Surges to ₹8.96 Crore
Dev IT reported Q4 FY26 consolidated net profit of ₹8.96 crore, a massive increase from ₹1.13 crore in Q4 FY25, with EBITDA growing 68.5% to ₹5.04 crore.
The company formed strategic partnerships with
Nicco Parks FY26 Results: Land Repossession Impacts AGM Dividend
Nicco Parks reported FY26 revenue decline of 11.6% to ₹66.35 crore with PAT of ₹19.71 crore including exceptional gain of ₹15.41 crore from NESL share sale.
West Bengal government repossessed 1.46 acr
Shalimar Paints FY26 Net Loss ₹63.34 Crore
• Board approved audited standalone and consolidated financial results for FY ended March 31, 2026, reporting a net loss of ₹63.34 crore.
• Statutory auditors Walker Chandiok & Co LLP issued unmodifie
Alkosign Limited FY26 Net Loss ₹4.76 Crore
Alkosign reported a consolidated net loss of ₹4.76 crore for FY26, primarily due to a ₹6.02 crore loss from its discontinued luggage division.
The board approved the closure of the luggage business un
Mawana Sugars FY26 Net Profit Declines 49% to ₹36.72 Crore
Mawana Sugars reported FY26 net profit decline of 49% to ₹36.72 crore despite 8.2% revenue growth to ₹1,564.16 crore, impacted by exceptional wage code costs.
Company declared 40% final dividend and m
HCP Plastene Bulkpack FY26 Results Resubmission with Audit
HCP Plastene resubmits complete audited standalone and consolidated financial results for FY26 to BSE, rectifying an inadvertent omission of the consolidated cash flow statement in the original filing
Cyient FY26 Profit Declines 30.5% Amid Semiconductor Restructuring
Cyient reported FY26 consolidated revenue of ₹72.68 billion with net profit declining 30.5% YoY to ₹4.63 billion, impacted by ₹3.31 billion exceptional items including acquisition expenses and impairm
Sterling and Wilson Reports FY26 ₹2,510 Crore Loss on Subsidiary Impairment
Sterling and Wilson reported a consolidated net loss of ₹2,510.18 crore for FY26 due to a ₹2,802.18 crore exceptional impairment on subsidiary Sterling and Wilson International Solar FZCO.
Revenue gre
MMTC FY26 Net Profit ₹212 Crore with Anglo Provision Issue
Board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026.
Auditors issued qualified opinion due to non-provision of ₹82.82 crore in Anglo Coal case liabi
Tata Motors Reports Strong FY26 Results Post Demerger
Tata Motors reported robust FY26 performance with ₹83,855 crore revenue, ₹3,030 crore PAT, and recommended a final dividend of ₹4 per share following its successful demerger from passenger vehicles.
T
Advent Hotels FY2026 Standalone Loss ₹442 Lakh
Board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026, reporting a standalone net loss of ₹442.22 lakh.
Dissolved the voluntarily constituted Risk Man
MRC Agrotech FY26 Audited Results with Subsidiary Acquisition
MRC Agrotech Board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026, under SEBI LODR Regulation 33.
Company acquired 100% of Marsapi Lifesciences via s
Sundram Fasteners Receives Promoter Reclassification Requests
Sundram Fasteners received requests to reclassify three promoter group entities to public category following their amalgamation and dissolution.
Lakshminarayana Ancillaries and Upasana Properties merg