Lux Industries Merger & Restructuring
Lux Industries approved a Scheme of Arrangement to demerge its 'Vertical A' and 'Vertical C' business undertakings into two separate wholly-owned subsidiaries.
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Lux Industries approved a Scheme of Arrangement to demerge its 'Vertical A' and 'Vertical C' business undertakings into two separate wholly-owned subsidiaries.
Welspun Corp Ltd has completed the incorporation of its associate company, 'Welspun Slagexcel Private Limited', which will manufacture Ground Granulated Blast Furnace Slag (GGBS).
Himadri Speciality Chemical Ltd incorporated a wholly-owned subsidiary, Ardent Impex FZCO, in Dubai. The entity will engage in industrial and petrochemicals trading.
Le Merite Exports Limited has entered an agreement to sell its investment property, an office unit in Mumbai, for a total consideration of Rs. 1.53 Crore.
EPACK Prefab Technologies Limited has incorporated a wholly owned subsidiary, EPACK Data Center Solutions Private Limited, with a paid-up share capital of ₹0.10 Crore.
Aster DM Quality Care Limited announced the internal amalgamation of its step-down subsidiaries, Spiceretreat Hospitality and KIMSHEALTH Executive Leisure, to simplify the corporate group structure.
Capital India Finance Limited approved the transfer of its RemitX forex assets to Kanji Forex Private Limited. This divestment aligns with the company's focus on MSME lending.
Mehai Technology has incorporated a joint venture, Mehai Manjeera Enterprise Private Limited, with Manjeera Engineering and Construction Co. Private Limited. The company invested Rs. 0.0049 Crore.
Capital India Finance approved the transfer of its 'RemitX' foreign exchange business assets to Kanji Forex Private Limited. The transaction involves an aggregate consideration of ₹11.40 Crore.
Aditya Ispat Limited has extended the expected completion date for the slump sale of its non-alloy steel business to Jai Bapji Ispat Private Limited to October 31, 2026.
S.J.S. Enterprises Limited has incorporated a new wholly owned subsidiary named SJS Display Electronics Private Limited to manufacture and assemble displays for various applications.
Source Natural Foods and Herbal Supplements Limited incorporated a new wholly-owned subsidiary, SN Solar Mangaluru Private Limited, for solar power projects with a ₹0.01 Crore investment.
Shree Refrigerations Ltd approved the incorporation of a new wholly owned subsidiary, 'Aquilon Deep Chill Limited,' with an investment of ₹5 Crore.
Promoters of TBZ will sell their 74.12% stake to GRT Jewellers for up to ₹1,033.71 Crore, resulting in a change of control.
Utkal Speciality Industries approved the incorporation of two wholly-owned subsidiaries for manufacturing and allied activities. The company will invest an aggregate of ₹0.20 Crore in these entities.
GRE Renew Enertech Limited has incorporated a new wholly-owned subsidiary, Solarcatch Energy Private Limited, to focus on renewable energy projects. The investment is Rs. 0.01 Crore.
GRE Renew Enertech has incorporated two wholly owned subsidiaries, Solarsource Energy and Solarcatch Energy, to expand its renewable energy portfolio. The total cash consideration is ₹0.02 Crore.
Hindustan Bio Sciences Ltd announced a capital reduction scheme to set off accumulated losses against its share capital. No cash consideration is paid to shareholders.
Tinna Rubber and Infrastructure Limited has invested Rs. 0.26 Crore as the 3rd tranche of capital infusion into its wholly owned subsidiary, Tinna Rubber Arabia Ltd.
Galaxy Agrico Exports Limited has initiated the incorporation of a new subsidiary for mining and infrastructure sectors. It has applied to the Ministry of Corporate Affairs for name reservation.
Park Medi World Limited's board approved the incorporation of a wholly-owned subsidiary, Park Medicity Prayagraj Limited. The unit will develop a 550-bed hospital in Uttar Pradesh.
Varun Beverages Limited has incorporated a new wholly-owned subsidiary in India named KIVA Spirits and Company Limited. This follows the board's prior approval on August 25, 2026.
Thirumalai Chemicals will sell up to 14,60,000 shares (5% stake) in Ultramarine & Pigments Limited. The divestment is expected to be completed within seven working days.
Canara Bank will sell its 70% stake in subsidiary Canbank Factors Limited to Vidvedaa Private Limited for ₹80.50 Crore. This transaction awaits necessary regulatory approvals.
Golkunda Diamonds & Jewellery incorporated a new wholly-owned subsidiary, Golkunda Retail India Private Limited, with an initial capital investment of ₹0.25 Crore.
PFC transferred its subsidiary, Fatehgarh II Transmission Limited, to Power Grid Corporation of India Limited for ₹19.11 Crore. This divestment completes the transfer process of the SPV.
Growington Ventures India Ltd's board approved an investment of USD 152,183 (approx. ₹1.28 Crore) in its wholly-owned subsidiary, Elementures Foodstuff Trading LLC.
Tata Chemicals' subsidiary TCNA acquired North American soda ash customer contracts from Searles Valley Minerals for USD 21.16 million, effective through December 2028.
Dhanuka Agritech Limited has incorporated a wholly owned subsidiary, Dhanuka Agritech Europe Private Limited, in Ireland. The new entity will pursue agrochemical business activities.
360 ONE WAM Limited is restructuring its AIF business transfer, moving the business from subsidiary PML to subsidiary AAM on a slump sale basis.