Fineotex Chemical Merger & Restructuring Worth ₹0.05 Cr
Fineotex Chemical's subsidiary, Fineotex Biotex HealthGuard FZE, incorporated a new wholly-owned subsidiary, Fineotex Holdings Inc., in the USA for specialty chemical business activities.
Fineotex Chemical Limited incorporated a new wholly-owned step-down subsidiary, Fineotex Holdings Inc., in the USA. This entity will pursue specialty chemical and growth opportunities.
Entertainment Network (India) Merger & Restructuring
Times Horizon Private Limited has become a promoter of Entertainment Network (India) Limited following the effective date of a composite scheme of arrangement involving BCCL.
Rashi Peripherals Limited has completed the transaction under the Business Transfer Agreement with Rashi Semiconductor Solutions Private Limited. The transaction closure conditions have been fulfilled.
NCLT sanctioned the merger of Docon Technologies into API Holdings. Accordingly, the promoter's 51.02% stake in Thyrocare transfers to API Holdings, leaving the aggregate shareholding unchanged.
G. G. Dandekar Properties Ltd's board authorized the disposal of 1,800 square meters of unused land in Bhiwandi. Further transaction details will be disclosed upon execution.
ITC Ltd announced the effective amalgamation of its step-down subsidiaries, Blazeclan Technologies and Cloudlytics Technologies, into its subsidiary ITC Infotech India Ltd.
Kalpataru Projects International Merger & Restructuring Worth ₹1.5 Cr
Kalpataru Projects International Limited's step-down subsidiary, LMG AB, incorporated a new wholly-owned subsidiary, LM Operation Center India Private Limited, for Rs. 1.50 Crore.
India Glycols Limited has completed its demerger into three separate entities effective September 1, 2026. The scheme, sanctioned by the NCLT, is now operational.
Thomas Cook (India) Limited has received 'no adverse observations' from BSE Limited regarding its Composite Scheme of Arrangement. This confirms a key procedural step in the restructuring.
Amagi Media Labs Limited announced the voluntary liquidation of its wholly owned subsidiary, Argoid Analytics Private Limited. The dissolution process was completed on August 31, 2026.
Kiran Print Pack Limited has approved the sale of its industrial land and building to Karav Innovation LLP for Rs. 8.50 Crore. The transaction is a related-party deal.
Kiran Print Pack approved the sale of its industrial land and building to Karav Innovation LLP. The Board also reappointed Vinodkumar Dalmia as an Independent Director.
EPack Prefab Technologies Limited has incorporated a wholly-owned subsidiary, EPACK Data Centre Solutions Private Limited. The new entity will focus on data centre and digital infrastructure business.
eYantra Ventures Limited announced the closure of its wholly owned subsidiary, Eyantra Ventures FZE, in Ajman. The entity had not commenced operations since its incorporation.
Sudarshan Chemical Industries Merger & Restructuring Worth ₹726.8 Cr
Sudarshan Chemical Industries Limited will divest its 100% stake in step-down subsidiary VP4 Frankfurt GmbH to Celanese US Holdings LLC. The cash transaction is valued at EUR 76.5 million.
Aurobindo Pharma's subsidiary, Apitoria Pharma, incorporated a new wholly owned subsidiary named Avogent Lifesciences. The initial capital subscription for this pharmaceutical entity is Rs. 5 Crore.
Welspun Living Merger & Restructuring Worth ₹7.6 Cr
Welspun Living Limited has cancelled its previously announced acquisition of a 26% equity stake in Clean Max Dhyuthi Private Limited. Both parties mutually agreed not to proceed.
NIIT Learning Systems Ltd has decided to voluntarily dissolve and wind up its inoperative step-down subsidiary, MST Shanghai Co. Limited, to streamline its corporate structure.
Neogen Chemicals approved a Rs. 245 Crore Business Transfer Agreement between its subsidiaries, NIL and NML, to consolidate electrolyte salt manufacturing.
Tata Steel has completed the divestment of its 100% stake in wholly owned subsidiary Jamshedpur Football and Sporting Private Limited to Churchill Brothers Sports Club.
Veranda Learning Solutions has implemented its composite scheme of arrangement, effectively merging VXLS and demerging its Commerce Business into JSCEL, effective August 31, 2026.
NLC India's subsidiary, NLC India Renewables Limited, incorporated a Joint Venture named 'NIRL OREDA RENEWABLES LIMITED' with OREDA to develop green energy power plants.
Aarti Surfactants Limited incorporated a wholly-owned subsidiary, Precision Ingredients USA Inc., in the USA for trading purposes. The subscription cost is ₹0.095 Crore.
Lux Industries is demerging its Vertical A and Vertical C business undertakings into two resulting companies, Lux and Cozi Limited and Lux Global Limited. Shareholders receive a 1:1 share swap ratio for each entity.
Thirumalai Chemicals Limited announced the sale of 14.6 lakh equity shares of Ultramarine & Pigments Limited. This reduces the company's holding from 14.38% to 9.38%.