Category
Special Situations & Event Driven
112 articles
Special situations and event-driven activity remain prevalent across Indian corporate landscapes, largely centered on ongoing insolvency proceedings. Numerous appeals and hearings at the National Company Law Appellate Tribunal (NCLAT) highlight the complexities of corporate debt resolution, with cases involving companies like Innovative Studios, Empee Distilleries, and Maximaa Systems adjourned for further review. Simultaneously, Canara Bank is pursuing actions against personal guarantors, while Tamilnad Mercantile Bank faces a stay on asset auctions pending payment conditions. These developments underscore the protracted nature of debt recovery and restructuring efforts within the Indian legal system, presenting both opportunities and risks for investors navigating distressed assets and corporate turnarounds.
NCLAT Adjourns Innovative Studios Liquidation Appeals
NCLAT Chennai adjourns two company appeals related to the liquidation of Innovative Studios Pvt. Ltd.
The appeals were listed for a hearing on 17th August 2026 but were postponed to 8th September 2026
NCLAT Chennai Adjourns Empee Distilleries Share Ownership Appeals
NCLAT Chennai hears interconnected appeals concerning ownership of 87% pledged shares in Appollo Distilleries & Breweries Pvt Ltd.
Appeals challenge CIRP admission of Appollo Distilleries and dismissa
NCLAT Adjourns Income Tax vs Maximaa Systems Appeal
NCLAT adjourns hearing for Income Tax Department's appeal against Maximaa Systems Ltd.'s resolution professional to September 30, 2026.
The appeal involves a dispute between the tax authority and the
Canara Bank Appeals Against Personal Guarantors
Canara Bank files three appeals at NCLAT against personal guarantors of Integrated Caps Pvt. Ltd.
Appeals target Surya Kant Kaipuria, Biren Sabhrawal, and Bubbles Sabhrawal as personal guarantors.
NCL
NCLAT Lists BHEL Insolvency Appeals for Hearing
NCLAT lists two insolvency appeals involving Bharat Heavy Electricals Ltd for hearing on 18 August 2026.
Appeal 500 involves Avil Menezes as liquidator of Sunil Hitech Engineers Ltd versus an unnamed
Vijaya Malhotra vs Hotel Horizon RP Adjournment
NCLAT adjourns insolvency appeal Comp. App. (AT) (Ins) No. 667 of 2026 to September 18, 2026.
Appellant Mrs. Vijaya Malhotra challenges Resolution Professional Pravin R Navandar of Hotel Horizon Pvt.
NCLAT Stays Tamilnad Mercantile Bank Guarantor Auction
NCLAT stays auction of personal guarantors' assets scheduled for August 20, 2026, conditional on Rs 5 crore payment by August 18.
Appellants have repaid Rs 1 crore and promise additional Rs 5 crore ag
NCLAT Adjourns Empee Distilleries Share Ownership Appeals
NCLAT Chennai adjourns hearing for four interconnected appeals concerning ownership of Appollo Distilleries shares pledged by Empee Distilleries.
Appeals challenge orders related to CIRP of both Empee
Dhoot Transmission Files August 2026 IPO Prospectus
Dhoot Transmission Limited files its final IPO prospectus dated August 12, 2026 with SEBI and Registrar of Companies for an equity share offering.
Six book running lead managers confirm due diligence,
TV Vision Q1 FY27 Net Loss ₹362.35 Lakhs Under CIRP
TV Vision Limited reports unaudited standalone net loss of ₹362.35 lakhs for Q1 FY27 amid Corporate Insolvency Resolution Process (CIRP) initiated by NCLT.
Auditors issue qualified review report citin
Shalimar Paints Reports ₹63.34 Crore FY26 Loss, Plans Restructuring
Shalimar Paints reported FY26 standalone net loss of ₹63.34 crore with revenue declining to ₹569.03 crore, though achieving positive EBITDA in Q4.
The company announced its 124th AGM with 5 resolution
Rajasthan Tube Q1 Net Loss ₹6.49 Lakh
Rajasthan Tube Manufacturing reported a standalone net loss of ₹6.49 lakh for Q1 June 2026, compared to a profit of ₹1.81 lakh in the year-ago quarter.
Bharat Road Network Limited reported a massive c
ACI Infocom EGM Approves Capital Hike, Preferential Issue
ACI Infocom calls EGM on September 09, 2026 to seek shareholder approval for five key resolutions including major corporate restructuring.
Company proposes to increase authorized share capital from ₹1
Multiple Companies Q1 FY27 Financial Results Disclosures
Arihant Foundations reported Q1 standalone net profit of ₹2.99 crore on income of ₹47.91 lakh, with EPS of ₹2.78.
Tamilnadu Telecommunications disclosed Q1 standalone net loss of ₹3.41 crore with nega
Maxgrow India Submits Omitted Q1 FY27 Financial Results
Maxgrow India submitted previously omitted consolidated financial results for Q1 June 2026 due to inadvertent oversight from lacking a Company Secretary.
Standalone results show minimal profit of ₹0.2
Black Rose Industries FY26 Results: Dividend, Subsidiary Closure
Black Rose Industries reported FY26 consolidated PAT of ₹224.24 crore and revenue of ₹3,230.14 crore, declaring a final dividend of ₹1.25 per share.
The company achieved record acrylamide volumes and
SEBI Auctions Royal Twinkle Star Properties
SEBI announces e-auction of properties belonging to Royal Twinkle Star Club and Citrus Check Inns per Supreme Court order.
Four properties with total reserve price of ₹11.79 crore include Pune, Chiplu
Parsvnath Developers NCLAT Appeal Hearing Scheduled
NCLAT lists insolvency appeal involving Parsvnath Developers Ltd for hearing on August 20, 2026.
Appeal filed by Rajeev Dhawan against Interim Resolution Professional Manoj Kumar Anand.
Tribunal bench
NCLAT Adjourns Garden Court Distilleries Appeals
NCLAT adjourned two interconnected appeals involving State Bank of India and Garden Court Distilleries to August 13, 2026.
The appeals relate to insolvency proceedings with State Bank of India as appe
Winsome Yarns NCLT Resolution Plan Delays Q1 Results
Winsome Yarns discloses delay in Q1 FY2027 results due to NCLT-approved resolution plan under IBC.
Company cites Regulation 33(3) proviso allowing 90-day filing extension post-resolution plan approval
NCLAT Postpones Xrbia Insolvency Appeal to September
NCLAT postpones hearing for appeal filed by erstwhile Resolution Professional of Xrbia North Hinjewadi Developers.
Appeal involves dispute between Sanjay Vijay Jeswani and Asset Reconstruction Company
NCLAT Adjourns Ashiana Ispat Director Appeal
NCLAT Principal Bench adjourned an insolvency appeal filed by Naresh Chand, suspended director of Ashiana Ispat Pvt Ltd.
The appeal, listed for hearing on August 13, 2026, was deferred due to the Benc
Rajesh Bansal NCLAT CIRP Stay Plea Hearing
Appellants seek NCLAT order to restrain Resolution Professional from issuing Form G and proceeding with CIRP.
Delhi High Court had earlier directed appellant to pay ₹3.80 Crores to Axis Bank in 3 inst
NCLAT Stays Axis Bank Insolvency Against Rajesh Bansal
NCLAT orders Rajesh Bansal to deposit Rs 4.46 crore with tribunal registrar via FDR to show settlement bona fides.
Tribunal directs Resolution Professional to withhold Form-G issuance until next heari
Pramod Goel Appeals NCLAT Against Surya Foundry Insolvency
Pramod Kumar Goel appeals NCLAT order initiating insolvency against him as a corporate guarantor for Surya Foundry.
Appellant claims corporate guarantees from 2016 and its extension are fraudulent and
NCLAT Rejects Kumud Jain's Interim Stay Against Kotak
NCLAT rejects interim stay application by Kumud Jain against Kotak Mahindra Bank's CIRP initiation order.
Appellant argued CIRP was based on time-barred debt and improper pleading of OTS agreement in
NCLAT Lists IndusInd Bank vs Yes Bank Appeal
NCLAT lists IndusInd Bank's appeal against NCLT order admitting Ideal Real Estate to CIRP.
Appeal disputes inclusion of two projects where IndusInd holds exclusive charge in CIRP.
Case adjourned to Se
Neelkanth Rock-Minerals Open Offer Opens August 18
Mark Corporate Advisors issued an offer opening public announcement for an open offer to acquire up to 13,11,362 equity shares of Neelkanth Rock-Minerals Ltd at ₹19.40 per share.
The Committee of Inde
MBL Infrastructure Corporate Presentation FY26
MBL Infrastructure Ltd. provides a corporate overview highlighting its civil engineering projects in roads, buildings, and urban infrastructure.
The company's Resolution Plan under IBC was implemented
Goodluck India Q1 FY27 Revenue Up 31% YoY
Goodluck India reported strong Q1 FY27 results with 31% revenue growth, 46% EBITDA growth, and 67% PAT growth on a consolidated basis.
The Defence subsidiary received new orders totaling INR 307 crore
PM Modi Outlines Viksit Bharat 2047 Development Vision
Prime Minister Modi's Independence Day speech sets the national goal of building a developed India (Viksit Bharat) by 2047, backed by a 12-year track record of economic growth.
Key achievements includ
PM Modi Announces AI Skilling, Nuclear Power, Semiconductor Plants
PM Modi announced AI skilling for 1 crore youth and a new target of 6 crore Lakhpati Didis to boost rural economy.
India targets 100 GW nuclear power capacity by 2047 with five new reactors planned wi
PM Modi Congratulates Priya Ghangas Boxing Gold
Prime Minister Narendra Modi congratulated boxer Priya Ghangas for winning gold in Women's 60kg at Commonwealth Games 2026.
Modi stated the victory reflects Ghangas' remarkable skill and mental streng
PM Modi Congratulates Soman Rana's CWG Gold
PM Narendra Modi congratulated athlete Soman Rana for winning gold in Men's Shot Put F57 at Commonwealth Games 2026.
Rana secured India's first-ever Commonwealth Games gold medal in this specific athl
RCOM DoT Invokes ₹802 Crore Spectrum Bank Guarantees
DoT invoked financial bank guarantees worth ₹801.91 crore due to RCOM's alleged default on deferred spectrum payments.
The invocation covers guarantees from Yes Bank, Punjab National Bank, Canara Bank
Maxgrow India Auditor Resigns, Approves Q1 FY27 Results
Maxgrow India's Board approved Q1 June 2026 standalone and consolidated unaudited financial results.
Statutory auditor R.B. Jain & Associates resigned effective August 14, 2026, citing preoccupation w
Refex Renewables Settles Disputes, Transfers Subsidiaries
Refex Renewables achieves full settlement with SILRES, paying ₹16.51 crore against a ₹33.39 crore loan liability.
Company transfers subsidiaries Ishaan Solar and SEI Tejas to SILRES for ₹3.93 crore, c
Tamilnadu Telecommunications Q1 FY27 Reports Adverse Audit
Tamilnadu Telecommunications reported a Q1 FY27 net loss of ₹3.41 crore with zero revenue and an adverse audit opinion questioning its going concern status.
Auditors cited material uncertainty due to
SVP Global Textiles Q1 Net Loss ₹511.59 Crore
SVP Global Textiles reported a consolidated net loss of ₹511.59 crore for Q1 FY27, with zero revenue from operations.
The company appointed Mrs. Aradhana Nayak as an Independent Director, subject to s
Tamilnadu Telecommunications Q1 Net Loss ₹3.41 Crore
Tamilnadu Telecommunications reported a Q1 FY27 standalone net loss of ₹3.41 crore with negative net worth of ₹196.99 crore.
Auditors issued an adverse opinion, stating the company's use of going conc
Xelpmoc Q1 FY27 Investor Presentation Portfolio Update
Xelpmoc reported Q1 FY27 revenue of ₹9.6 million, up 22.5% YoY, with a PAT loss of ₹22.0 million.
Portfolio fair value surged to ₹726.8 million, driven by a ₹194.9 million quarterly gain in Mihup's va
Aksh Optifibre Q1 Net Profit Rs 537.74 Lakhs
Aksh Optifibre reported unaudited standalone net profit of Rs 537.74 lakhs for Q1 June 2026, a significant improvement from Rs 33.83 lakhs in Q4 March 2026.
The company is undergoing Corporate Insolve
NCLAT Adjourns Vipul Ltd Insolvency Appeals for Settlement
NCLAT adjourns two insolvency appeals against Vipul Ltd to allow parties time to negotiate a settlement.
Appellants Augment Finvest and Surya Dealtrade are financial creditors seeking recovery from Vi
Hitech Corporation Q1 Net Profit Rises 82% YoY
Board approved audited standalone and consolidated financial results for Q1 FY2027, showing significant YoY growth in revenue and profit.
Mr. V.S.R. Anjaneyulu, Vice President - Technology Center, wil
Nectar Lifesciences Q1 Net Loss of ₹13.14 Crore
Nectar Lifesciences reported a standalone net loss of ₹13.14 crore for Q1 FY27, primarily driven by a ₹251.33 crore loss on investments.
The Board appointed Dr. Gunmala Suri as an Additional Director
NCLAT Adjourns Isolux Corsan Liquidator Appeal
NCLAT adjourns hearing for Comp. App. (AT) (Ins) No. 101 of 2024 to August 11, 2026.
Appeal filed by liquidator of Isolux Corsan India Engineering against State Tax Officer.
No substantive proceedings
NCLAT Adjourns Howrah Mills JM Financial ARC Appeals
NCLAT adjourned three interconnected appeals involving Howrah Mills Company Ltd. and JM Financial ARC until August 18, 2026.
The appeals involve a financial creditor (JM Financial ARC), operational cr
Reliance Infrastructure Auditor Disclaims Q1 FY27 Opinion
Auditors disclaimed opinion on Reliance Infra's Q1 FY27 results due to inability to assess recovery of ₹4,705.74 crore economic rights and multiple regulatory proceedings.
Consolidated net profit stoo
Hotel Horizon Insolvency Appeal Adjourned to August 13
NCLAT adjourns Hotel Horizon Pvt Ltd insolvency appeal hearing to August 13 after partial rebuttal submissions.
The appeal involves suspended director Vishal Sharma versus a consortium including Obero
NCLAT Adjourns Hotel Horizon Insolvency Appeal
NCLAT adjourned an insolvency appeal filed by Hotel Horizon's suspended director to a future date.
The appeal is against a consortium including Oberoi Realty and JM Financial Properties.
The matter wa
NCLAT Continues Interim Order in Jet Airways Appeal
NCLAT schedules Mack Star Marketing's appeal against Jet Airways liquidator for hearing on September 2, 2026.
The appellate tribunal orders the continuation of an existing interim order until the next
NCLAT Adjourns Jet Airways Liquidation Appeals to September
NCLAT adjourns three appeals by Delhi and Mumbai International Airports against Jet Airways liquidator to September 21, 2026.
The appeals challenge actions or decisions related to the liquidation proc
Incred Financial Withdraws NCLAT Insolvency Appeals
Incred Financial Service Ltd. withdrew two insolvency appeals against Resonance Eduventures Ltd. at NCLAT.
The withdrawal was unconditional as the appellant had assigned the underlying debt to an asse
NCLAT Adjourns SBI vs Garden Court Distilleries Appeals
NCLAT Principal Bench adjourns two interconnected insolvency appeals to next hearing date.
Appeals involve State Bank of India and Garden Court Distilleries Pvt. Ltd. with liquidator representation.
M
NCLAT Adjourns Shree Ram Urban Insolvency Appeals
NCLAT Principal Bench adjourns multiple interconnected appeals and contempt cases related to Shree Ram Urban Infrastructures Ltd's insolvency to September 21, 2026.
Cases involve Resolution Profession
SEBI Dismisses PACL Investor RTI Appeal on Refund Status
SEBI Appellate Authority dismisses RTI appeal seeking PACL India refund status for three investor accounts.
Authority upholds CPIO response that refund information is not held by SEBI but by Justice L
Allcargo Global Q1 Standalone Loss ₹0.00 Cr
Allcargo Global reported Q1 FY27 standalone net loss of ₹0.00 crore and consolidated net loss of ₹34 crore attributable to owners.
The company's shares listed on BSE and NSE on July 3, 2026, following
ED Appeals NCLAT Order in Kute Sons Insolvency
Directorate of Enforcement files appeal against Resolution Professional Aegis Services in Kute Sons Dairy insolvency case.
NCLAT Principal Bench lists the appeal for next hearing on September 1, 2026.
NCLAT Adjourns Grey's Exim Insolvency Appeals to August 24
NCLAT Principal Bench adjourns two interconnected insolvency appeals filed by Mehul Sedani, the Successful Resolution Applicant for Grey's Exim Pvt. Ltd.
The appeals are listed for the next hearing on
GB Global NCLT-Approved Merger with Dev Land
NCLT Mumbai approved the merger of listed GB Global Ltd into unlisted Dev Land & Housing Pvt Ltd via a Scheme of Amalgamation.
Public shareholders will receive ₹120 per share plus one redeemable prefe
Talwalkars Fitness Q1 FY27 Net Loss ₹2.96 Lakh
Talwalkars Fitness reports Q1 FY27 unaudited standalone net loss of ₹2.96 lakh with zero revenue from operations.
Company operates under NCLT relief order with pre-transfer liabilities extinguished, b
NCLAT Adjourns Kirloskar Family Appeals to September
NCLAT Principal Bench adjourns four interconnected appeals involving Kirloskar family entities to September 2026 for further hearing.
The appeals involve disputes between Sanjay Kirloskar, Pratima San
ICSA India Q1 Results Show Zero Revenue Post-Liquidation
ICSA India reports zero revenue and profit for Q1 FY27 following its liquidation process completion in 2023.
Company sold assets including land for ₹900 lakhs and a car for ₹3.05 lakhs during liquidat
Lasa Supergenerics Q1 FY27 Net Loss ₹357.87 Lakh
Lasa Supergenerics reported a standalone net loss of ₹357.87 lakh for Q1 FY27, with operations completely halted since a May 2025 factory fire.
The company faces severe operational disruption, unable
NCLAT Directs Swift Resolution Plan Hearing for Syska LED
NCLAT disposes appeal against NCLT order excluding Gurumukh Uttamchandani's resolution plan for Syska LED Lights.
Tribunal directs NCLT Mumbai to decide exclusion application IA No.3015/2026 within 7
NCLAT Stays Corporate Debtor's 80,400 Sq Mtr Land Possession
NCLAT issues notice and grants interim stay on possession of 80,400 sq mtrs land linked to a Corporate Debtor's insolvency resolution plan.
Appellants challenge an order allowing the Monitoring Commit
Bloom Dekor Q1 FY27 Net Loss ₹35.38 Lakh
Bloom Dekor reported a standalone net loss of ₹35.38 lakh for Q1 FY27, with revenue from operations at ₹87.92 lakh.
The company's net worth remains negative at ₹1,465.01 lakh, raising material uncerta
Switching Technologies Q1 Net Loss of ₹1.69 Crore
Switching Technologies reported an unaudited standalone net loss of ₹169.23 lakhs for Q1 FY27, with revenue declining to ₹96.08 lakhs.
The company disclosed a material uncertainty regarding going conc
RR Metalmakers Open Offer for 26% at ₹23.85/Share
RB International Holdings, Suyog Desai, and Nikita Desai launch a mandatory open offer to acquire 26% of RR Metalmakers India Ltd at ₹23.85 per share.
The offer is triggered by an underlying share pur
Zenith Steel Q1 Net Profit ₹43.83 Lakhs
• Board approved unaudited standalone and consolidated financial results for Q1 June 2026 showing net profit of ₹43.83 lakhs.
• Production halted for 2.5 months due to zinc tank rupture, reducing sale
AU Small Finance Bank FY26 PAT Up 25% to ₹2,641 Crore
AU Small Finance Bank reported 25% YoY PAT growth to ₹2,641 crore with gross advances reaching ₹1.40 lakh crore and deposits growing 23% to ₹1.52 lakh crore in FY26.
The Bank received RBI's in-princip
Sadbhav Engineering Q1 FY27 Net Loss ₹973 Lakh
• Board approved Q1 FY27 unaudited results with standalone net loss of ₹973.49 lakh and consolidated net profit of ₹4,610.01 lakh.
• Statutory auditors issued a qualified review report citing uncertai
Modison Q1 FY27 Net Profit at ₹3.38 Crore
Modison Limited reported standalone Q1 FY27 net profit of ₹3.38 crore on total income of ₹27.31 crore.
The company incurred an exceptional loss of ₹27.70 lakh from silver hedging and forex mark-to-mar
Colinz Laboratories Open Offer for 26% at ₹54/share
Saffron Capital issued a reminder advertisement for an open offer by Annjana Dugar, Likhitta Dugar, and Antariksh Dugar with PAC Padam Dugar to acquire 654,966 shares (26%) of Colinz Laboratories at ₹
ICMR Health Research Budget Rises 46% to ₹4000 Crore
Government increased ICMR's budget from ₹2732 crore in 2024-25 to ₹4000 crore in 2026-27, a 21% rise over revised 2025-26 estimates.
ICMR introduced tiered research grants including Small (₹2 crore),
India Approves First Private Earth Observation Satellite Constellation
Government establishes PPP framework for private Earth Observation satellite constellations via IN-SPACe to enhance space capabilities and economy.
Financial incentives include ₹1,000cr venture fund,
Shardul Securities Promoters Seek Public Reclassification
Shardul Securities received a request to reclassify five promoter/promoter group entities to public shareholders after they sold their entire holdings.
The request stems from a Chaturvedi family settl
Shishodiyas' Open Offer for 26% of Ramgopal Polytex
Pravin Kumar and Punit Shishodiya launch mandatory open offer for 26% equity stake in Ramgopal Polytex Limited at ₹17.10 per share.
Offer triggered by acquisition of 45.46% promoter stake via Share Pu
India Cements Capital Open Offer for 26% at ₹12/Share
India Cements Capital received a Detailed Public Statement for a mandatory open offer to acquire 26% equity shares from public shareholders.
The open offer is triggered by acquirers Sandeep Jain, Vika
RB International Holdings Open Offer for RR MetalMakers
RB International Holdings, Suyog Desai, and Nikita Desai launch mandatory open offer for 26% of RR MetalMakers at ₹23.85/share.
Offer triggered by acquisition of 70.66% stake from promoters Virat Shah
Radha Madhav Promoter Allotment 1.12 Cr Shares
• Radha Madhav Corp discloses promoter allotment of 1.12 crore shares under SEBI Takeover Regulations.
• Plug & Play Retail and Vijay Patel's holding increases to 69.30% post-allotment from 94.91% pre
Novartis AG Reclassified to Public Shareholder
Novartis AG completes sale of 70.68% stake in Novartis India to ChrysCapital entities, ceasing to be promoter.
ChrysCapital's WaveRise and Fund X acquire control, triggering a mandatory 26% open offer
Ardee Industries Promoters Transfer 10.85M Shares
Ramco Systems announces 29th AGM on August 20, 2026 via video conference and provides e-voting details.
High Energy Batteries reports Q1 FY2026 net loss of ₹181.50 lakhs versus profit of ₹759.11 lakhs
Yoga Builders Acquires 15.4% Stake in TMT India
Yoga Builders Private Limited discloses acquisition of 7,62,990 shares (15.40%) in TMT (India) Limited through open offer tendering process.
Acquisition executed on July 27, 2026 at ₹10.00 per share f
India Cements Capital Open Offer for 26% at ₹12
Acquirers Sandeep Jain, Vikas Garg, and Rahul Nagar launch mandatory open offer for 26% of India Cements Capital shares at ₹12 per share.
Offer triggered by acquisition of 50.02% promoter stake from S
Mitshi India Promoters Sell 15.57% Stake to Karronn Bajaj
Karronn Naresh Bajaj entered Share Purchase Agreement on July 23, 2026 to acquire 13,70,070 shares (15.57% stake) from Mitshi India promoters for ₹2.05 crore.
Acquisition triggers mandatory open offer
Karronn Bajaj's 26% Open Offer for Mitshi India
Mr. Karronn Naresh Bajaj announces mandatory open offer for 26% of Mitshi India at ₹15/share, triggered by acquiring 15.57% from promoters.
The offer, managed by Srujan Alpha Capital, seeks up to 22,8
Ballygunge Trust's 26% Open Offer for Shankara Building
The Ballygunge Family Trust launches mandatory open offer for 26% stake in Shankara Building Products at ₹150/share.
Offer triggered by past acquisition non-compliance with SEBI SAST Regulations, aimi
Ashish Begwani Kkalpana Plastick Open Offer
Ashish Begwani makes mandatory open offer for 26% stake in Kkalpana Plastick Ltd at ₹28/share, triggered by acquiring 72.58% from promoters.
Offer size is ₹4.02 crore for 14,37,420 shares, with tender
Lakhani Entities Mandatory Open Offer for Rikhav Securities
Acquirers M/s. B.D. Lakhani, B.N. Lakhani, H.D. Lakhani, and N.D. Lakhani, along with four PACs, are making a mandatory open offer for 26% of Rikhav Securities Limited.
The offer, priced at ₹47.75 per
Gulshankumar Chopra Niraj Cement 26% Open Offer
Mandatory open offer by Gulshankumar Chopra to acquire up to 1,55,20,529 shares (26%) of Niraj Cement Structurals at ₹29 per share.
Offer triggered by Share Purchase Agreements to acquire 41.04% from
DP Global Wealth AMPL Capital 26% Open Offer
DP Global Wealth Management LLP and PACs launch mandatory open offer for 26% stake in AMPL Capital Ltd at ₹30/share, triggered by market purchases exceeding regulatory thresholds.
Offer aims to acquir
Ashish Begwani Open Offer for 26% of Kkalpana Plastick
Mr. Ashish Begwani launches mandatory open offer for 26% stake in Kkalpana Plastick Ltd at ₹28/share, triggered by a 72.58% acquisition from outgoing promoters.
The open offer, managed by VC Corporate
Grameva Limited New Promoters Assume Control
Board approved successful completion of open offer by new acquirers acquiring substantial shareholding and control.
New acquirers classified as Promoter/Promoter Group effective July 10, 2026, replaci
WaveRise ChrysCapital Novartis India Open Offer Completion
Axis Capital submits post-offer ad for completed open offer by WaveRise Investments and ChrysCapital for 26% stake in Novartis India.
Open offer acquired 64.19 lakh shares at ₹5,524.97 crore total val
Restaurant Brands Asia Promoter Reclassification Effective July 7
Restaurant Brands Asia notifies stock exchanges of promoter reclassification effective July 7, 2026, following completion of open offer and share acquisition.
Acquirers Lenexis Foodworks, Aayush Agraw
Kkalpana Plastick Promoters Sell 72.58% Stake Triggering Open Offer
Promoters Bbigplas Poly and Sarla Surana entered SPA to sell 72.58% stake to Ashish Begwani on July 7, 2026.
Transaction triggers mandatory open offer for 26% of shares at ₹28 per share under SEBI SAS
AMPL Capital Open Offer Corrigendum: Market Purchase Trigger
• Corrigendum modifies public announcement for open offer to acquire 26% stake in AMPL Capital Limited from public shareholders.
• Open offer triggered by Acquirer-1's market purchase of 616,264 equit
Pankaj Polymers Promoters Reclassified to Public
Pankaj Polymers Ltd discloses promoter reclassification to public category under SEBI LODR Regulation 31A(10) post open offer completion.
Nine promoter entities, holding 58.18% pre-offer, now hold 0%
Glittek Granites Promoters Sell 62.99% Stake
• Sellers including Kosen Ventures sold 1.63 crore shares (62.99% stake) in Glittek Granites via off-market transaction.
• Transaction executed under January 2026 SPA with acquirers from Thanki family
Switching Technologies Gunther Takeover Completion Board Outcomes
Board approved reclassification of Guenther America Inc. from Promoter to Public category after it sold its entire 37.63% stake.
New promoters Touristas Horizons, BBU Enterprises and Nikhil Pujari now
Antariksh Industries Open Offer for 26% at ₹86/Share
• Open offer triggered by Mr. Alpitkumar Gor and Riddhi Infocom LLP to acquire 26% of Antariksh Industries' emerging voting capital at ₹86 per share.
• Offer follows a share purchase agreement for 6.2
Glittek Granites Promoters Reclassified to Public
Glittek Granites intimates BSE of promoter reclassification to public shareholders effective June 26, 2026.
Acquirers completed acquisition of 62.99% stake via SPA and 26% open offer at ₹12.65 per sha
Antariksh Industries Promoter Sells 73.48%, Preferential Issue Approved
Board approved a Share Purchase Agreement for existing promoter Gitaben Patel to sell her 73.48% stake to Riddhi Infocom LLP and Alpitkumar Gor.
Board approved a preferential issue of 22.25 lakh share
Uni Abex Neterwala Trust Acquires 63.48% Indirectly
Uni Abex discloses SEBI-compliant inter-se transfer of 1.25M shares (63.48%) to Neterwala Family Trust pursuant to exemption order.
The transaction consolidates indirect beneficial interest in existin
Emirates NBD RBL Bank Open Offer Results
Emirates NBD Bank announces open offer results for 26% stake in RBL Bank at ₹282.38 per share.
No shares were acquired through the open offer tender process, resulting in zero acceptance.
Target compa
Fabino Enterprises 26% Open Offer at ₹20/Share
R G Family Trust, Sameer Gupta, and Sundeep Gupta launch a mandatory open offer to acquire 5,46,000 shares (26%) of Fabino Enterprises at ₹20 per share.
The offer follows a Share Purchase Agreement to
Gulshankumar Chopra Niraj Cement 26% Open Offer
Gulshankumar Chopra launches mandatory open offer for 26% stake (1.55 crore shares) in Niraj Cement Structurals at ₹29/share.
Offer triggered by acquisition of 41.04% from two public shareholders via
Novartis India 26% Open Offer at ₹860.64/Share
Acquirers announce mandatory open offer for 26% of Novartis India shares at ₹860.64 per share.
Independent Directors Committee recommends the offer as fair per SEBI pricing regulations.
Tendering peri
Filtron Engineers Open Offer Completed, Promoters Reclassified
Filtron Engineers Ltd completed an open offer, resulting in new acquirers taking control of the company.
Four erstwhile promoter entities transferred all their shares to the acquirer(s) as part of the
Smart Services Open Offer for 25% of Sharp India
Smart Services Private Limited launches a mandatory open offer to acquire up to 64,86,000 equity shares (25%) of Sharp India Limited at ₹10 per share, triggered by a prior acquisition of a 75% control
Government OFS for 6% Stake in NHPC
Government of India announces Offer for Sale of 60.27 crore NHPC shares representing 6% of paid-up equity.
Offer includes base size of 3% plus full oversubscription option of additional 3%, with 10% r