SML Mahindra Merger & Restructuring Worth ₹525 Cr

SML Mahindra Fund Raise of ₹1,450 Cr

SML Mahindra announced a board-approved rights issue of fully paid-up equity shares at Rs. 10 face value for up to Rs. 1450 Crore. Terms, record date and regulatory approvals remain pending.

Value

₹1,450 Cr

SML Mahindra Board Meeting Date

SML Mahindra intimated a Board meeting on 6 November 2026 to consider a fund raise via equity or other securities. No amount or mode is finalized.

SML Mahindra Business Update

SML Mahindra reported October 2026 sales of 1,065 vehicles, up 1% year-on-year. Passenger vehicle sales fell 3%, while cargo vehicles rose 5%.

SML Mahindra Q2 FY27 Results: Net Profit ₹11.7 Cr, Down 44.5% YoY

SML Mahindra Ltd reported revenue from operations of ₹669.8 Cr (+20.7% YoY) and net profit of ₹11.7 Cr (-44.5% YoY) for Q2 FY27.

Key figure

Net profit ₹11.7 Cr · -44.5% YoY

SML Mahindra Other Announcement

SML Mahindra Limited has updated the contact details of its Key Managerial Personnel authorized under SEBI Regulation 30(5), effective from 20th October, 2026.

SML Mahindra Management Change

SML Mahindra Ltd announced CFO Pushkar Patwardhan's cessation and appointed Manaswini Goel as Interim CFO and Surender Kalra as CFO, alongside CHRO Ashudeep Saddi's appointment.

Yasons Chemex Care Merger & Restructuring Worth ₹29.61 Cr

Yasons Chemex's subsidiary Rishit Polysurf LLP signed a slump sale agreement to sell its chemical manufacturing business to Vasudha Specialities Emulsifiers. Consideration is Rs.29.61 Crore in cash.

Value

₹29.61 Cr

Dhruv Consultancy Services Merger & Restructuring Worth ₹0.3 Cr

Dhruv Consultancy incorporated Valsang Drivehub Private Limited, subscribing to 55% for Rs.0.30 Crore. The subsidiary will execute a wayside amenities project under an NHLML award.

Value

₹0.30 Cr

Polyplex Corporation Merger & Restructuring

Polyplex Corporation disclosed a letter agreement revising timelines under its CPA and SHA with AGP HoldCo. No money changes hands and management control is unaffected.

Sirca Paints India Merger & Restructuring Worth ₹20.67 Cr

Sirca Paints India sold a plot to M/s Dawer Propack Private Limited for Rs. 20.67 Crore in cash, with completion expected by 30-11-2026. The buyer is unrelated to the promoters and the sale is not part of a scheme of arrangement.

Value

₹20.67 Cr

Ace Alpha Tech Merger & Restructuring

Ace Alpha Tech's board approved merging it into Share India Securities, subject to NCLT approval. Shareholders get 863 Share India shares per 1,000 held; no cash.

JSW Steel Merger & Restructuring Worth ₹0.02 Cr

JSW Steel's wholly owned subsidiary Peddar Realty Limited will subscribe Rs. 2 lakh to form a new real estate entity, which will be a step-down subsidiary. The entity is yet to be incorporated.

Value

₹0.02 Cr