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Subsidiary / Associate Update

101 articles
Subsidiary investments and strategic shifts are reshaping corporate landscapes across various sectors. ICICI Bank addressed potential conflicts arising from Prudential's acquisition of a stake in Bharti Life Insurance through a Letter of Undertaking, while Godawari Power invested ₹150 crore in its subsidiary GNEPL to establish a 20 GWh battery energy storage system plant. Meanwhile, Bikaji Foods is bolstering its US presence with a $2.9 million investment in Bikaji USA to set up a manufacturing facility, and EPL Limited injected ₹144.54 million into its Thai subsidiary for laminated tube manufacturing expansion. These developments highlight a trend of companies strategically deploying capital within their subsidiaries to drive growth, adapt to evolving market dynamics, and capitalize on emerging opportunities, potentially impacting investor sentiment and future performance.
ICICI Bank Prudential Undertaking on Insurance Stake
ICICI Bank entered a Letter of Undertaking with Prudential regarding rights in their insurance joint venture ICICI Prudential Life. The agreement addresses Prudential's planned acquisition of a 75% st
Desi Farms Allots 28.06L Pref Shares for 12.73% SNA Stake
Desi Farms India Limited board approved allotment of 28,06,200 preference shares via share swap to acquire 12.73% stake in SNA Milk and Milk Products Limited. The acquisition is a related party transa
CG Semi Commences Commercial Production at Sanand OSAT
CG Semi Private Limited announced commencement of commercial production at its G1 Outsourced Semiconductor Assembly and Test facility in Sanand, Gujarat. The facility has peak capacity of 300 million
CDSL Subsidiary Chairperson N. Rangachary Resigns
CDSL intimates NSE of resignation of Shri N. Rangachary as Chairperson of its subsidiary Centrico Insurance Repository Limited. Resignation effective July 03, 2026, due to personal reasons, disclosed
Godawari Power Invests ₹150 Crore in Subsidiary GNEPL
Godawari Power and Ispat Limited invested ₹150 crore in its wholly-owned subsidiary GNEPL for a battery energy storage system plant. The investment was made via a rights allotment of 15 crore equity s
Lotus Developers Completes ₹4.91 Crore Subsidiary Investment
Sri Lotus Developers completed a ₹4.91 crore investment by acquiring 49.1 lakh equity shares across three wholly-owned subsidiaries. The shares were allotted on July 4, 2026, at ₹10 per share via righ
Krishival Foods Board to Consider ₹15 Crore Guarantee
Krishival Foods intimates exchanges of July 8, 2026 board meeting to approve corporate guarantee. Board to consider providing ₹15 crore guarantee for subsidiary Melt N Mellow Foods. Guarantee will sup
Kalpataru Subsidiary Loses ₹9.2 Crore Tax Appeal
Kalpataru discloses CIT(A) order dismissing subsidiary Abacus Real Estate's appeal for AY 2013-14. Net tax demand sustained is ₹9.20 crore after adjusting for ₹6.24 crore already paid. Company states
Ceenik Exports Postal Ballot Voting Results Disclosure
Ceenik Exports discloses voting results for four resolutions passed via postal ballot on July 2, 2026, with all agenda items approved by shareholders. Shareholders ratified the appointment of Nitin Hi
Bikaji Foods Invests $2.9M in US Subsidiary
Bikaji Foods International made an additional subscription of 290,000 shares worth $2.9 million in its US subsidiary Bikaji USA. The investment aims to set up a manufacturing plant in the USA to accel
EPL Limited Invests ₹144.54M in Thai Subsidiary
EPL Limited invested 4.95 crore Thai Baht (₹144.54M) in its wholly-owned Thai subsidiary EPL Packaging on July 3, 2026. The investment is for subscribing to 485,100 shares to fund growth opportunities
Everest Industries Subsidiary Withdraws ₹138 Cr Assam CAPEX
Everest Buildpro Private Limited withdraws its ₹138 crore CAPEX plan for a new Fibre Cement Boards plant in Assam. The subsidiary invested ₹10.90 crores in land acquisition from Assam Industrial Devel
Sonata US Subsidiary's Involuntary Bankruptcy Petition Dismissed
Sonata Software provides a regulatory update on US legal proceedings involving its subsidiary Sonata Software North America, Inc. A US court dismissed an involuntary Chapter 7 bankruptcy petition file
Bank of Baroda Subsidiary Penalized ₹13.76 Lakhs
Bank of Baroda discloses a ₹13.76 lakh penalty imposed by NSE Clearing Ltd on its subsidiary BOB Capital Markets Limited. The penalty was levied for client code modification errors where a trade was e
Sri Lotus Developers Invests ₹4.91 Crore in Subsidiaries
Sri Lotus Developers' Executive Committee approved a ₹4.91 crore investment in three wholly-owned real estate subsidiaries via a rights issue on July 3, 2026. The investment of ₹99 lakh, ₹2.96 crore,
KEC Issues $35M Corporate Guarantee for Subsidiary
KEC International issued a $35 million corporate guarantee for subsidiary Al Sharif Group & KEC Limited Company on July 3, 2026. The guarantee supports a credit facility and represents a potential con
ABM Knowledgeware FY26 Annual Report with Dividend
ABM Knowledgeware reported FY26 consolidated revenue of ₹109.24 crore and PAT of ₹10.23 crore, with standalone net profit of ₹12.92 crore. The Board recommended a final dividend of ₹1.25 per share (25
NTPC REL Signs 1,200 MW Solar PPA with PTC India
NTPC Green Energy subsidiary NTPC REL signed a 1,200 MW solar power purchase agreement with PTC India Limited. The PPA was executed as a bilateral arrangement for clean energy promotion. The agreement
Strides Completes ₹1,000M Pivot Path Stake Sale
Strides Pharma completed the sale of its majority stake in subsidiary Pivot Path to Ascent Capital-led consortium for ₹1,000 million. The company received ₹750 million upfront, with ₹250 million defer
Hinduja Global Solutions Forms Dubai IT Consulting Subsidiary
Hinduja Global Solutions discloses formation of HGS MENA IT Consulting L.L.C in Dubai through its Mauritius subsidiary. The new step-down subsidiary will provide IT consultancy services with initial i
Thermax FY26 Profit Rises 13% with Special Dividend
Thermax reported 13% growth in standalone net profit to ₹649 crore and consolidated revenue of ₹10,694 crore for FY26, with strong order growth of 34.2%. The company declared a total dividend of ₹20 p
NIFTEM-K and Massey University Sign Food Tech MoU
NIFTEM-K and Massey University signed a 5-year MoU to strengthen academic and research cooperation in food technology and processing. The agreement facilitates collaborative research, joint funding ap
Nurture Well Issues ₹25 Crore Corporate Guarantee
Nurture Well Industries issued a ₹25 crore corporate guarantee to Punjab & Sind Bank for its material subsidiary Nurture Well Foods Limited. The guarantee secures a loan facility for the subsidiary an
JSW Steel Commences ₹16,350 Crore Rayalaseema Project
JSW Steel begins development of a 2 MTPA integrated steel plant in Andhra Pradesh through subsidiary JSW Rayalaseema Steel Ltd. Total project investment is ₹16,350 crore with Phase 1 at ₹4,500 crore f
Shankar Lal Rampal Promoter Entity Name Change
Shankar Lal Rampal Dye-Chem discloses promoter entity name change from Classic Prime Home Care to Inani Chemicals under SEBI LODR Reg. 30. Promoter group entity holds 5,229,600 shares representing 8.1
CAMS Subsidiary Gets IFSCA KYC Agency Approval
CAMS subsidiary CAMS Investor Services received permanent approval from IFSCA to operate as a KYC Registration Agency in GIFT City. The approval enables expansion into global markets with a supportive
Shivalik Subsidiary Receives Consent to Operate Waknaghat Facility
Shivalik Bimetal Controls discloses its wholly-owned subsidiary received consent to operate a new facility in Waknaghat, Himachal Pradesh. The disclosure is made pursuant to SEBI Listing Regulations 3
TVS Motor Completes TVS EBike Asset Transfer
TVS Motor Company announces completion of asset transfer from TVS EBike to Callista AMG on July 2, 2026. The transaction follows an asset transfer agreement dated May 14, 2026 involving TVS Motor Sing
Emcure Subsidiary Acquires 100% of Mantra Pharma Shares
Emcure's subsidiary Marcan Pharmaceuticals acquired 100% of Class E Special Shares in step-down subsidiary Mantra Pharma for CAD $50 million. The acquisition, executed on July 2, 2026, consolidates Ma
Unichem Laboratories FY26 Results Show Revenue Decline, Subsidiary Sale
Unichem Laboratories reported 18.6% standalone revenue decline to ₹1,412 crores while net profit remained stable at ₹159 crores with 97.6% export contribution. The company sold its Ireland subsidiary
Bimetal Bearings Unclaimed 2019 Dividend IEPF Transfer
Bimetal Bearings Ltd files notice for transfer of unclaimed FY2019 dividends and corresponding shares to Investor Education and Protection Fund (IEPF). Unclaimed dividends from 31st March 2019 financi
Centrum Capital Acquires 0.0024% Stake in CFSL
Centrum Capital acquired 2,500 equity shares (0.0024% stake) in Centrum Financial Services Limited from an external investor. CFSL is now a wholly-owned subsidiary of Centrum Capital following this ac
K.M. Sugar Mills Subsidiary Clarification for Q4 FY26
K.M. Sugar Mills clarifies subsidiary financials for March 2026 quarter after exchange query. Wholly-owned subsidiary KM Spirits has nominal revenue of ₹700 and income of ₹600. Segment assets reclassi
Premier Energies Incorporates Battery Storage Subsidiary
Premier Energies board approved incorporation of a wholly owned subsidiary with ₹10 lakh authorized capital for battery energy storage business. The company will subscribe to 50,000 equity shares wort
India Glycols Subsidiary IGL Spirits Appoints COO
India Glycols Ltd discloses subsidiary IGL Spirits appointed Manoj Kumar Rai as Chief Operating Officer effective July 2, 2026. The appointment is disclosed under SEBI Listing Regulations 30 via forma
TVS Holdings Invests ₹176 Crore in Home Credit India
TVS Holdings subscribed to 6.58 crore equity shares in subsidiary Home Credit India Finance for ₹176.38 crore via a right issue. The investment maintains TVS Holdings' stake at 80.17% in the NBFC, whi
Arisinfra Subsidiary Renamed Lionheart Trading
Arisinfra Solutions intimates BSE and NSE of a name change for its wholly-owned material subsidiary. Subsidiary name changed from Arisinfra Trading to Lionheart Trading Private Limited effective July
YES Securities NSE Lifts New Client Ban
YES Bank discloses NSE lifted 3-month client onboarding ban on subsidiary YES Securities effective July 01, 2026. YES Securities complied with NSE's May 26 order requiring corrective actions and paid
Dreamfolks Provides ₹2.5 Crore Corporate Guarantee
Dreamfolks Services Limited's Board approved providing a corporate guarantee and security for a ₹2.5 crore loan to Ten 11 Hospitality Private Limited. The guarantee is secured by a ₹1 crore fixed depo
Motherson Dissolves Inactive Chinese Subsidiary Motherson DRSC
Samvardhana Motherson International intimates dissolution of its indirect wholly-owned Chinese subsidiary, Motherson DRSC Automotive Product Trading (Shanghai) Co. Ltd. The subsidiary, acquired in Oct
Panorama Studios Inflight LLP Executes Laash Film Rights Agreement
Panorama Studios subsidiary executes exclusive airborne rights agreement for short film Laash with PIK Entertainment. Agreement grants worldwide exclusive rights to exploit film content on airline pla
Transrail Lighting Invests INR 32.35 Crore in UAE Subsidiary
Transrail Lighting Limited discloses a further investment of AED 12.5 million (INR 32.35 crore) in its wholly owned UAE subsidiary, Transrail Trading LLC. The investment is for acquiring 12,500 equity
MedPlus Subsidiary Receives 3-Day Drug License Suspension
MedPlus subsidiary Optival Health received a 3-day drug license suspension order for a Bangalore store from the Assistant Director, Drugs Control. The order was received on July 1, 2026, citing violat
Tech Mahindra Acquires Brazilian IT Firm Alyis
Tech Mahindra's Brazilian subsidiary acquires 100% of Alyis Serviços Técnicos LTDA for BRL 1.2 million (approx. ₹2.21 crores). The newly incorporated target provides IT services to the telecom sector
IFGL Refractories Czech Subsidiary Liquidation Effective
IFGL Refractories discloses completion of voluntary liquidation for its Czech step-down subsidiary Hofmann Ceramic CZ s.r.o effective July 1, 2026. The subsidiary contributed negligible financials wit
Sancode Technologies Subsidiary Allotment Rights Issue
Sancode Technologies' subsidiary Sancode Semi allotted 400,000 equity shares via rights issue for ₹40 lakh. Post-allotment, Sancode Technologies maintains 100% ownership in the semiconductor manufactu
Vikas Ecotech FY26 Results with Qualified Audit Opinion
Vikas Ecotech reported standalone net profit of ₹12.72 lakh for FY26, with Q4 net loss of ₹109.74 lakh, amid a qualified audit opinion. Auditors issued qualified opinion citing insufficient evidence f
Mobavenue AI Tech Incorporates Singapore Step-down Subsidiary
Mobavenue AI Tech Limited discloses incorporation of MAITL ASIA PTE. LTD, a Singapore step-down subsidiary, via its wholly-owned subsidiary Mobavenue Global Holdings Limited. The new entity was incorp
Advent Hotels Acquires BDP Subsidiary Preference Shares
Advent Hotels board approved acquisition of 10.95 lakh 9% preference shares in subsidiary BD and P Hotels for ₹10.95 crore. Transaction is a related party deal with promoters and facilitates security
Info Edge Subsidiary Completes Shop Kirana Stake Transfer
Info Edge subsidiary SIHL transferred its 26.14% stake in Shop Kirana to Trustroot Internet for USD 32.97 million. SIHL invested USD 1.72 million in Trustroot Internet for primary subscription of 0.10
BASF India Completes INR 230cr Coatings Subsidiary Divestiture
BASF India concluded the sale of its 100% stake in BASF India Coatings Private Limited to Carlyle Group entities. The transaction was completed on June 30, 2026, for a consideration of INR 230.16 cror
ADF Foods US Subsidiary Receives $2.1M Tariff Refund
ADF Foods' US subsidiary ADF Holdings received a $2.1M tariff refund from US Customs. Refund equivalent to ₹19.97 crore follows US Supreme Court directives on excess tariff collection. Disclosure made
Valecha Engineering Sells Entire Valecha Infrastructure Stake
Valecha Engineering Board approved sale of entire 42,000 equity shareholding in wholly-owned subsidiary Valecha Infrastructure Limited. The transaction, valued at ₹4.20 lakh, was approved on June 5, 2
Devyani International Completes ₹1,148 Mn Thailand Investment
Devyani International's subsidiaries completed a ~THB 1,210 Mn (~₹3,473 Mn) investment in Thai KFC operator Restaurants Development Co., Ltd. The company converted a ~THB 400 Mn (~₹1,148 Mn) loan to s
Lupin Subsidiary Increases MPPI Stake to 99.89%
Lupin's Dutch subsidiary Nanomi completed acquisition of 11.79 million MPPI shares from existing shareholders. MPPI subsidiary also completed buyback of 61,118 shares with another 30,559 shares buybac
Sterling and Wilson Solar Australia Auditor Resignation
Moore Australia Audit resigned as auditor of Sterling and Wilson Solar Australia due to fee disagreement effective July 1, 2026. William Buck Audit appointed as new auditor for the material subsidiary
Media Matrix Issues ₹50 Cr Guarantee for Subsidiary
Media Matrix Worldwide issued a ₹50 crore corporate guarantee for subsidiary nexG Devices, replacing a previous ₹70 crore guarantee. The guarantee secures fund and non-fund based facilities from Yes B
Transindia Real Estate Subsidiary Stake Reduced to 25%
Transindia Real Estate's subsidiary AGSPL allotted shares via preferential issue to promoter group entities. Company's stake in AGSPL reduced from 100% to 25%, ceasing its wholly-owned subsidiary stat
Prestige Estates Issues ₹450 Crore Corporate Guarantee
Prestige Estates Projects Ltd. disclosed issuing a corporate guarantee for subsidiary Prestige Projects Private Limited. The guarantee of up to ₹450 crores secures a loan from Bajaj Housing Finance Li
Pidilite Completes Buildnext Divestment to JSW One
Pidilite's subsidiary PVPL completed transfer of entire Buildnext shareholding to JSW One Platforms via share swap agreement. Transaction completed on July 1, 2026, with PVPL receiving JSW One equity
Prakash Pipes Auditor Certifies No BECIS Consolidation
Prakash Pipes responds to NSE query on non-submission of consolidated financial results for FY2026. Company's auditor certifies that BECIS Solar 3 is not an associate under Ind AS 28, exempting consol
Optiemus Subsidiary MD Resigns, New Appointment
Optiemus Infracom discloses MD change at wholly-owned subsidiary Optiemus Electronics under SEBI LODR Reg. 30. Mr. A. Gururaj resigned as MD and KMP of Optiemus Electronics effective June 30, 2026 due
DMR Engineering Allots 600k DM Consulting Bonus Shares
DMR Engineering Ltd received 600,000 equity shares via a 10:13 bonus issue from its subsidiary DM Consulting Engineers. The company's 60% shareholding in DM Consulting remains unchanged post this rela
Bosch Limited Acquires Bosch Chassis Systems India
Bosch Limited completed acquisition making Bosch Chassis Systems India its wholly-owned subsidiary effective July 1, 2026. The transaction was executed per share purchase agreement dated April 8, 2026
RS Software India Reports FY26 ₹28.59 Crore Consolidated Loss
RS Software India reported a consolidated net loss of ₹28.59 crore for FY26, a significant decline from a profit of ₹9.64 crore in FY25, driven by a 56% revenue drop to ₹25.60 crore. The company is tr
Master Trust Resubmits FY26 Results After NSE Observation
Master Trust Limited resubmits its audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026, signed by the Managing Director to comply with an NSE observation. The Boar
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
BLB Limited FY26 Net Profit Surges 764% to ₹333 Crore
BLB Limited reported consolidated net profit of ₹333.22 crore for FY26, a 764% increase from ₹38.61 crore in previous year, with revenue growth of 38% to ₹7,440.14 crore. The company incorporated whol
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
Raconteur Global Resources FY26 Loss with Qualified Audit
Raconteur Global Resources reported a standalone net loss of ₹6.75 crore and consolidated net loss of ₹21.34 crore for FY26, with auditors issuing a qualified opinion. Auditors qualified their opinion
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
Kalpataru Projects FY26 Revenue Up 22% to ₹27,143 Crores
KPIL reported record consolidated revenue of ₹27,143 Crores with 22% YoY growth and net profit surged 82% to ₹1,031 Crores in FY 2025-26. The company achieved its highest-ever order book of ₹65,457 Cr
Nilkamal Declares ₹20 Dividend at 40th AGM
Nilkamal Limited will hold its 40th Annual General Meeting on July 17, 2026 to approve financial statements and declare a final dividend of ₹20 per share. The company reported standalone revenue growt
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
JSW Energy Reports Record 61% Revenue Growth to ₹18,901 Crore
JSW Energy achieved record consolidated revenue of ₹18,901 crore, up 61% YoY, and EBITDA of ₹11,041 crore, up 81% YoY, driven by capacity expansion to 13.45 GW and major acquisitions. The company comp
Exide Industries Reports FY26 Results, AGM Notice and ESG Performance
Exide Industries reported standalone revenue of ₹17,269 crore with 4.1% YoY growth and PAT of ₹1,111 crore, maintaining a zero-debt balance sheet and recommending a final dividend of ₹2 per share. The
Tata Communications FY26 Profit Declines 46% Amid Strategic Growth
Tata Communications reported consolidated FY26 revenue growth of 7.3% to ₹24,803 crore but net profit declined 46% to ₹997 crore due to exceptional items and higher tax expenses. The company declared
Le Lavoir FY26 Net Profit Rises 23% to Rs 165.94 Lakh
Le Lavoir resubmits audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026 in prescribed format following exchange query. Standalone FY26 net profit increased 23.4% t
Minal Industries FY26 Resubmits Audited Results
Minal Industries resubmits audited standalone and consolidated financial results for FY26 ending March 31, 2026 to BSE, addressing previous submission discrepancies. Standalone operations report a net
Bai Kakaji Polymers FY26 PAT Up 48.5% to ₹26.98 Cr
Bai Kakaji Polymers reported FY26 revenue of ₹364.69 Cr, up 12.1% YoY, with PAT surging 48.5% to ₹26.98 Cr. The company reduced debt by 39.7% to ₹65.73 Cr and turned operating cash flow positive at ₹2
Asian Paints Reports FY26 Results, Declares ₹27.50 Dividend
Asian Paints reported standalone revenue growth of 4.1% to ₹30,680.2 crores and net profit of ₹4,244.2 crores for FY 2025-26 with 60% dividend payout ratio. The Board recommended final dividend of ₹23
Royal India Corporation FY2026 Results Auditor Correction
Royal India Corporation submitted revised audited standalone and consolidated financial results for FY2026 ending March 31, 2026. Statutory auditors RAKCHAMPS & Co. LLP corrected an inadvertent qualif
Fedders Holding FY2026 Results with Consolidated Qualification
Board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026. Standalone results received unmodified audit opinion while consolidated results received qualif
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
GNA Axles FY26 Results: 9% PAT Growth, ₹3 Dividend
GNA Axles reported FY26 PAT of ₹116.99 Cr, up 9.22% YoY despite 4% revenue decline to ₹1,478.42 Cr, with domestic sales growing 14%. Company announced 33rd AGM on June 30, 2026 and recommended dividen
Valecha Engineering Posts FY26 Loss Amid Subsidiary Challenges
Board approved audited standalone and consolidated financial results for Q4 and year ended 31-Mar-2026, reporting a net loss of ₹9.43 crore (standalone) and ₹228.98 crore (consolidated) for FY26. Reco
Ashok Leyland Q4 FY26 Record Revenue, Profit
Ashok Leyland reported all-time high annual CV volumes, revenue, EBITDA, and PAT for FY26, with Q4 revenue at ₹14,161 crore, up 19% YoY. The company declared a second interim dividend of ₹2.50 per sha
Indag Rubber FY26 PAT Up 47% YoY to ₹12.38 Cr
Indag Rubber reported FY26 PAT growth of 47% YoY to ₹12.38 Cr with margin expansion of 190 bps despite a 5% revenue decline. The Board recommended a final dividend of ₹1.5 per share, bringing total FY
GSP Crop Science Pledges 15.4 Lakh GIPL Shares
GSP Crop Science disclosed creation of pledge on 15.43 lakh subsidiary shares per SEBI Regulation 30. Pledge created on May 26, 2026, with Aditya Birla Capital as security for subsidiary's term loan.
Tuticorin Alkali Partially Dilutes Green Power Stake
Tuticorin Alkali Chemicals enters agreement to partially dilute its shareholding in three green power subsidiaries. The stake sale of 7.27 million shares is to promoter Greenstar Fertilizers at face v
Fedbank Financial True North Sells Entire 6.86% Stake
Fedbank Financial discloses True North Fund VI LLP sold its entire 6.86% stake via a block deal. The transaction was executed on the stock exchange mechanism with Nomura India Equity Fund as the buyer
Nahar Spinning Mills April 2026 Demat Report
Nahar Spinning Mills submitted monthly dematerialization report for April 2026 to BSE and NSE as per SEBI Regulation 74(5). Company dematerialized 1,117 equity shares across multiple transactions with
Iykot Hitech Promoters Sell Entire Stakes to Aspect Global
Iykot Hitech Toolroom discloses completion of a share purchase agreement, resulting in the transfer of all promoter holdings to Aspect Global Ventures. Four promoters—Padam, Anjanna, Likhitta, and Ant
NDR Auto Components 73.13% Stake Acquired by Relan Trust
NDR Auto Components intimates BSE/NSE of receiving annual compliance certificate for Rohit Relan Family Trust's 73.13% stake acquisition. The Trust acquired 1.74 crore equity shares in FY25-26 under a
Bajaj Holdings Acquires 0.13% Bajaj Finserv Stake
Bajaj Holdings & Investment acquired 20.9 lakh Bajaj Finserv shares from subsidiary Bajaj Auto Holding for ₹370.53 crore via block deal. The transaction is a related party transaction but exempt under
Chaitali Salot Trust Acquires 55.88L Ashapura Minechem Shares
Chaitali Nishit Salot Family Trust submits annual compliance certificate to BSE, NSE, and SEBI for FY26. Certificate confirms acquisition of 55,88,340 Ashapura Minechem shares from Chetan Shah on Febr
Manappuram Finance Open Offer Zero Shares Tendered
Disclosure confirms zero equity shares tendered by public shareholders in Bain Capital's open offer for 26% stake in Manappuram Finance as of April 7, 2026. The tender is subject to validation of docu