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Subsidiary / Associate Update
52 articles
Corporate activity involving subsidiaries and associates is accelerating across various sectors. Exide Industries is investing significantly in its lithium-ion cell manufacturing subsidiary, EESL, as part of a larger ₹1400 crore capital infusion, while Syrma SGS is expanding its electronics manufacturing capabilities through a joint venture with Kaga Electronics. Additionally, Authum Investment is bolstering its stake in India SME ARC, and Radiant Cash is renewing a loan to its fintech subsidiary, Aceware. These developments highlight a strategic focus on growth, diversification, and strengthening existing business lines, though Galactico Corporate’s mixed subsidiary performance and Vishal Mega Mart’s legal dispute underscore potential risks within these structures.
Oracle Financial Services ESOP Allotment 7,617 Shares
OFSS ESOP Committee allotted 7,617 equity shares to eligible employees under OFSS Stock Plan 2014.
The allotment increased the company's paid-up capital to ₹435,415,635 divided into 87,083,127 shares.
Syrma SGS Forms JV Subsidiary with Kaga Electronics
Syrma SGS Technology Limited incorporated a new joint venture subsidiary, Syrma Kaga Electronics Private Limited, on August 18, 2026.
The company holds 60% stake in the JV with an initial investment o
Authum Invests ₹101.63 Cr in ISARC Rights Issue
Authum Investment & Infrastructure Ltd makes a ₹101.63 crore investment in its subsidiary India SME ARC via a rights issue.
The investment increases Authum's stake by subscribing to 40.65 crore new sh
Permanent Magnets Subsidiary Gets ECMS Approval
Permanent Magnets Ltd's wholly owned subsidiary Quantum Magnetics received approval under the Electronics Component Manufacturing Scheme (ECMS).
The approval enables manufacturing of Neodymium Magnets
Galactico Corporate FY26 Results, AGM and Capital Actions
Galactico Corporate reported FY26 consolidated net profit of ₹1.58 crore on total income of ₹26.15 crore, down from previous year's performance.
The company convened its 11th AGM to approve financial
Radiant Cash Renews ₹15 Crore Aceware Loan
Radiant Cash renewed its inter-corporate loan agreement with subsidiary Aceware Fintech, rolling over the existing loan.
The renewed agreement allows for loans up to ₹15 crore outstanding at any time,
Exide Industries Invests ₹200 Crore in Lithium Subsidiary
Exide Industries invested ₹199.99 crore in its wholly owned subsidiary Exide Energy Solutions Limited (EESL) on a rights basis on 18th August 2026.
The investment is part of a ₹1400 crore approved cap
Isgec Heavy Engineering Q1 FY27 Revenue Up 51%
Isgec Heavy Engineering reported Q1 FY27 standalone revenue growth of 51% YoY to ₹1,585 crore, driven by strong project execution and a large US order dispatch.
Standalone order book remains robust at
RHI Magnesita India Subsidiary Merger Effective 18 August 2026
RHI Magnesita India's subsidiary Intermetal Engineers merged into Ashwath Technologies, effective 18 August 2026 with appointed date of 1 April 2026.
The merger simplifies corporate structure, with As
Ventura Securities Appoints G.K. Choksi as Statutory Auditor
Ventura Guaranty discloses its material subsidiary Ventura Securities appointed G.K. Choksi & Co. as statutory auditors.
The appointment fills a casual vacancy created by the resignation of previous a
Parmeshwar Metal Subsidiary Copperx Incorporated
Parmeshwar Metal incorporated a new subsidiary, Parmeshwar Copperx Private Limited, on August 17, 2026.
The subsidiary has an authorized and paid-up capital of ₹10 lakh and will engage in copper extru
Amber Enterprises Subsidiary IL JIN Converts to Public Limited
Amber Enterprises' material subsidiary IL JIN Electronics converted from private to public limited company effective August 18, 2026.
The subsidiary's name changed to IL JIN Electronics (India) Limite
Lenskart China JV Incorporates Wenzhou Framekart Subsidiary
Lenskart Solutions Limited's Chinese JV Baofeng Framekart incorporated step-down subsidiary Wenzhou Framekart Trade Co., Ltd on August 14, 2026.
The new entity will engage in trading, import, export a
Trident Incorporates Domestic Wholly Owned Subsidiary
Trident Limited incorporated Trident Global Industries Limited as a new domestic wholly owned subsidiary on August 17, 2026.
The subsidiary was established with an initial capital of ₹5 lakh to enhanc
Varun Beverages Twizza Merger Completion Update
Varun Beverages announces completion of Twizza merger with subsidiary Bevco.
Twizza ceases to be step-down subsidiary following South African merger.
Update follows July 2, 2026 board approval disclos
Amber Subsidiary IL JIN Allots 30.49 Cr Bonus Shares
IL JIN Electronics, a material subsidiary of Amber Enterprises, allotted 30.49 crore bonus equity shares on 17th August 2026.
Amber's shareholding in IL JIN increased to 31.71 crore shares but its per
Transchem Acquires Greshma Shares for ₹25.91 Crore
Transchem Limited executed a Share Purchase Agreement to acquire 100% of Greshma Shares and Stocks Limited for ₹25.91 crore.
The acquisition, completed on August 17, 2026, makes GSSL a wholly-owned su
Vishal Mega Mart Subsidiary Receives ₹2.68 Crore Court Order
Vishal Mega Mart subsidiary Airplaza Retail received a court order to pay ₹2.68 crore in rent and vacate leased premises in Kolkata.
The Commercial Court at Rajarhat directed payment for April-Decembe
Lloyds Subsidiary Signs Italian Defence Tech Agreement
Lloyds Engineering's material subsidiary LADS entered an agreement with Italy's Alpar Ingegneria S.R.L. for defence technology transfer.
The agreement covers design, development, and licensed manufact
IIFL Capital Services AGM Approves ₹10.6k Cr Related Party Transactions
IIFL Capital Services Limited issued notice for its 31st AGM seeking shareholder approval for material related party transactions totaling ₹10,557 crores with IIFL group entities.
The company reported
Airtel Payments Bank Board Chair Transition to Shabnam Sinha
Airtel Payments Bank announces Sunil Bharti Mittal stepping down as Non-Executive Chairman effective September 30, 2026.
Shabnam Sinha appointed as new Chairperson for three-year term starting October
Krypton Industries FY26 Net Profit Jumps 569%
Krypton Industries reported consolidated net profit of ₹26.23 crore for FY26, a 569% surge from ₹3.93 crore in FY25 with revenue growing to ₹516.18 crore.
The company will hold its 36th AGM on Septemb
SEAMEC Shareholders Approve Material Subsidiary Asset Sale
SEAMEC Ltd shareholders approved via postal ballot the sale of vessel 'SEAMEC GALLANT' from its material subsidiary SEAMEC International FZE.
The special resolution passed with 93.87% votes in favor,
SEAMEC Shareholders Approve Material Subsidiary Asset Disposal
SEAMEC shareholders passed a special resolution via postal ballot on August 15, 2026, approving the sale, disposal, or lease of assets exceeding 20% of its material subsidiary's assets.
The resolution
Clean Max Sells 26% and 49% Subsidiary Stakes
Clean Max Enviro Energy board approved sale of stakes in two wholly-owned subsidiaries on 17 August 2026.
Selling 26% stake in Clean Max Muoi Private Limited to Relaxo Footwears for INR 26,000 conside
Greaves Cotton Completes 100% Excel Controlinkage Acquisition
Greaves Cotton acquired remaining 20% stake in Excel Controlinkage, making it a wholly owned subsidiary effective August 13, 2026.
The acquisition completes multi-tranche process initiated in 2023 und
Accedere Limited Q1 FY27 PAT Up 63.5% YoY
Accedere Limited reported Q1 FY27 PAT of ₹9.50 lakh, a 63.51% YoY increase from ₹5.81 lakh.
Board recommended a final dividend of ₹0.10 per share, marking the company's first-ever dividend declaration
Aurobindo Pharma US FDA Raleigh Plant VAI Classification
Aurobindo Pharma's US subsidiary Aurolife Pharma received VAI classification from US FDA for its Raleigh plant after March-April 2025 inspection.
The facility received 11 observations in Form 483 but
India Power Corporation's ₹6.65 Crore Bank Guarantee Invoked
India Power Corporation Limited discloses invocation of ₹6.65 crore bank guarantee by MSEDCL for 133 MW solar project.
The company is under Corporate Insolvency Resolution Process with NCLT Hyderabad
Rajesh Power Services Establishes New Zealand Subsidiary
Rajesh Power Services Limited incorporated a 100% wholly owned foreign subsidiary, Rajesh Power Services NZ Limited, in New Zealand on August 14, 2026.
The subsidiary operates in Power Transmission an
UPL's Advanta Acquires Hytech Egypt for $110M
UPL's step-down subsidiary Advanta BV acquires 99.98% of Egyptian seed company Misr Hytech for ~$110M cash.
The acquisition provides Advanta immediate leadership in Middle East and Africa corn seed ma
RPG Life Sciences Invests ₹65.69 Crore in Subsidiary
RPG Life Sciences invested ₹65.69 crore via a rights issue in its wholly-owned subsidiary RPG Active Pharma.
The investment maintains RPGLS's 100% ownership in RPGAP, a pre-operational pharmaceutical
Triveni Glass Promoter Receives 45,550 Shares
Triveni Glass intimates BSE under SEBI LODR Reg. 30 regarding promoter Meeta Agrawal receiving 45,550 equity shares.
Shares were credited to Agrawal's demat account from her late father I L Dhawan's a
JSW Energy Subsidiary JSW Mahanadi Assigned IND AA- Rating
JSW Energy disclosed a credit rating assignment for its subsidiary JSW Mahanadi Power Company Limited.
India Ratings assigned and affirmed an 'IND AA-/Stable/IND A1+' rating for the subsidiary's bank
Race Eco Chain Invests ₹1.02 Crore in Subsidiary
Race Eco Chain invested ₹1.02 crore in subsidiary Ganesha Recycling via a rights issue, acquiring 102,000 equity shares.
The investment maintains the parent company's 51% ownership stake in the recycl
Gufic Biosciences Philippines Subsidiary Incorporation Approved
Gufic Biosciences board approved incorporation of a Philippines subsidiary for marketing and distribution.
Investment of up to USD 250,000 for 99.99% stake in the new pharmaceutical subsidiary.
Subsid
Jaykay Enterprises Q1 Net Profit Drops to ₹1.26 Lakh
Board approved un-audited standalone and consolidated financial results for Q1 FY27, showing a sharp decline in standalone net profit to ₹1.26 lakh from ₹1,534.39 lakh YoY.
Re-appointed Mr. Abhishek S
Texmaco Subsidiary TDTL Gets ₹200 Crore Investment
Texmaco Rail executed a Share Subscription Agreement for a ₹200 Cr investment in subsidiary Texmaco Defence Technologies Ltd.
Vagus Def Tech & Aerospace Fund-1 will invest ₹100 Cr in equity and ₹100 C
Physicswallah Q1 Revenue Jumps 34% YoY to ₹928 Crore
Physicswallah reported Q1 FY27 standalone revenue of ₹927.72 crore, a 33.7% YoY increase, though net loss widened to ₹26.34 crore.
Consolidated revenue grew 24.5% YoY to ₹1,053.95 crore, with a net lo
Daikaffil Chemicals Q1 FY27 Net Loss ₹62.73 Lakh
Board approved unaudited standalone and consolidated financial results for Q1 FY27 ending June 30, 2026, reporting continued losses.
Standalone Q1 revenue declined 73% YoY to ₹102.98 lakh with net los
Darjeeling Industries Q1 Net Profit at ₹29.78 Lakh
Board approved unaudited standalone and consolidated financial results for Q1 FY27, reporting a net profit of ₹29.78 lakhs.
Received ₹25 lakhs from Mr. Dilip Sanklecha as consideration for convertible
Bilcare Limited Q1 FY27 Financial Results and Board Changes
Bilcare reported Q1 FY27 standalone net profit of ₹1.04 crore versus a loss of ₹6.35 crore in Q4 FY26, with revenue of ₹6.30 crore.
Board approved appointment of Mohan Bhandari as Executive Director a
Polyplex Thailand Tender Offer Acquires 18.09% Stake
Polyplex Corp discloses closure of tender offer by AGPH Thailand for its 51% subsidiary Polyplex Thailand.
AGPH Thailand acquired 162.81 million shares representing 18.09% of Polyplex Thailand's paid-
Mahindra & Mahindra ESOP Trust Transfers 63,397 Shares
Mahindra & Mahindra disclosed transfer of 63,397 equity shares from its Employees' Stock Option Trust to grantees on June 29, 2026.
The transfer was made pursuant to exercise of stock options under th
LTTS Receives Nabha Power Promoter Reclassification Request
LTTS received a request from Nabha Power Limited to reclassify from Promoter Group to Public category.
The request follows NPL's ownership transfer from L&T Power Development to Torrent Power Limited.
Westend Developers Sells 4.8% Stake in Sheshadri Industries
Westend Developers Limited disclosed disposal of its entire 4.80% stake (237,981 shares) in Sheshadri Industries Limited.
The transaction was executed on 25th June 2026 and reported to BSE under SEBI
Mahindra ESOP Trust Transfers 74,765 Shares
Mahindra & Mahindra discloses ESOP trust transfer of 74,765 shares to 41 employees on 22nd June 2026.
Transfer executed pursuant to exercise of stock options under company's employee stock option sche
Mark AB Trust Acquires 34 Crore SEPC Shares
Mark AB Welfare Trust filed a report under SEBI Takeover Regulations for acquiring 34 crore equity shares in SEPC Ltd from another promoter entity.
The acquisition, executed in two tranches on October
Rossell Techsys Promoter Share Transfer to Family Trusts
Rossell Techsys discloses inter-se transfer of 200 shares from promoter Harsh Mohan Gupta to two family trusts via gift.
The transaction is an internal restructuring with no change in overall promoter
Maithan Alloys Acquires 0.18% Stake in HFCL
Maithan Alloys Ltd acquired 0.18% equity stake in HFCL Ltd for Rs 50.04 crore through open market purchases on June 9, 2026.
The acquisition is a financial investment intended to reap long-term/short-
Nureca Promoter Group Inter-Se Share Transfer
Nureca Limited discloses an inter-se transfer of 60,842 equity shares among promoter group entities via off-market transaction.
Nectar Biopharma transferred shares to Saurabh Goyal, increasing his hol
Suraj Industries Shri Gang Stake Drops to 18.83%
Suraj Industries files SEBI Reg. 30 disclosure on revised 18.83% stake in Shri Gang Industries post equity dilution.
Shri Gang allotted 1.34 lakh equity shares to a promoter entity via warrant convers