Alkem Laboratories Limited incorporated a wholly owned subsidiary, Alkem Pharma Trading FZCO, in Dubai, UAE, on March 27, 2026. The ₹9.18 Crore investment aims to facilitate pharmaceutical exports to African, South East Asian, and non-UAE markets. This strategic move strengthens Alkem's international presence and export capabilities.
Mankind Pharma Limited's Board has approved the winding-up of its Sri Lankan wholly owned subsidiary, Mankind Pharma Lanka (Private) Limited. The entity had no active operations and became unviable due to regulatory changes. This closure is not expected to materially impact the company's consolidated financials.
Adani Enterprises Limited, through its step-down subsidiary Adani Airport City Limited, incorporated four new wholly owned subsidiaries on April 11, 2026. These entities will focus on real estate activities, building construction, and hospitality services (hotels and motels) across Mangaluru, Jaipur, Lucknow, and TRV airport locations.
Embassy Developments Limited has agreed to sell its subsidiary, Sepset Real Estate Limited, to Pen India Limited for ₹100 Crore. The transaction is expected to conclude by June 10, 2026. The buyer is not a related party, and the sale was conducted at arm's length.
Samvardhana Motherson International Merger & Restructuring Worth ₹2.77 Cr
Samvardhana Motherson International Limited's indirect wholly owned subsidiary, SMRC Automotive Interior Modules Croatia d.o.o., has been dissolved effective April 11, 2026. The subsidiary had negligible operations with a FY 2024-25 turnover of ₹2.79 Crore. The voluntary dissolution was pursued due to a lack of new business and high maintenance costs.
Samvardhana Motherson International Merger & Restructuring
Samvardhana Motherson International Limited announced the voluntary dissolution of its indirect wholly owned Croatian subsidiary, SMRC-Croatia, effective April 11, 2026. The entity was dissolved by the Commercial Court of Zagreb as it had no foreseeable new business. The subsidiary's contribution to the company's consolidated turnover and net worth was negligible at 0.00%.
Embassy Developments Limited entered an agreement to sell its 100% stake in subsidiary Sepset Real Estate Limited to Pen India Limited for ₹100.00 Crore. Sepset owns the 'Mega Mall' project in Jodhpur. The transaction aims to unlock value and strengthen the company's balance sheet, with completion expected within 60 days.
Everest Industries Ltd concluded the Phase I sale of 16.84 acres of vacant land at Podanur to G Square Properties Private Limited. The total transaction value is ₹133.86 Crore, with ₹100.83 Crore received to date. The remaining 6.48 acres are expected to be transferred by November 4, 2026.
Pee Cee Cosma Sope Ltd has updated the nominee shareholders for its wholly-owned subsidiary, India Trading Infra Limited. This administrative change involves shifting three nominee shares to new individuals. The company confirmed there is no change in beneficial ownership, control, or the subsidiary's status as a wholly-owned entity.
Pee Cee Cosma Sope Ltd approved a ₹3.50 Crore capital infusion into its wholly-owned subsidiary, India Trading Infra Limited. The investment involves subscribing to 35,00,000 equity shares at par to support working capital and business expansion.
Adani Enterprises Limited incorporated four new step-down wholly owned subsidiaries: AMACL, AJACL, ALACL, and ATACL. Each entity has a paid-up capital of ₹0.10 Crore, totaling ₹0.40 Crore. These subsidiaries will focus on real estate activities, including airport city developments, construction, and hotel management.
Rudra Ecovation Limited announced that the NCLT Chandigarh Bench has admitted the second motion petition for its merger with Shiva Texfabs Limited. This follows the tribunal's review on April 10, 2026. The merger remains subject to further regulatory approvals and marks a significant step in the companies' strategic consolidation.
Kamdhenu Ventures Limited invested ₹13.01 Crore in its wholly-owned subsidiary, Kamdhenu Colour and Coatings Limited (KCCL). The investment involved subscribing to 3,614 equity shares at ₹36,000 per share on a rights basis.
Craftsman Automation Limited has completely exited its equity investment in RC Green Powers Private Limited (RCGPPL). The company now holds zero shares or interest in the entity. Management stated the exit has no material impact on operations or financial position.
One 97 Communications Limited, through its subsidiaries, has incorporated a new wholly-owned subsidiary in Indonesia called PT PAYTM INDONESIA TEKNOLOGI. The company subscribed to 15,00,000 shares for an aggregate amount of approximately ₹8.15 Crore (IDR 15 billion). This move marks a strategic expansion into the Indonesian market.
One 97 Communications Limited incorporated a new wholly owned step-down subsidiary in Indonesia, PT PAYTM INDONESIA TEKNOLOGI, on April 10, 2026. The company subscribed to 15,00,000 equity shares for an aggregate value of approximately ₹8.15 Crore. This expansion strengthens Paytm's international operational footprint.
Ambuja Cements Limited announced that the merger of Penna Cement Industries Limited into the company became effective on April 10, 2026. Penna Cement now stands dissolved without winding up. The company will pay cash consideration to Penna Cement's equity shareholders as of the effective date.
Genus Power Infrastructures Merger & Restructuring
Genus Prime Infra Limited allotted 5,07,76,631 equity shares to shareholders of Genus Power Infrastructures Ltd following a demerger of the Strategic Investment Business. The allotment, based on a February 2026 record date, follows NCLT approval. The resulting company will now apply for listing on the BSE.
Syrma SGS Technology Limited announced that its joint venture company has changed its name from Syrma Strategic Electronics Private Limited to Shinhyup Syrma Circuits Private Limited. This change, effective April 10, 2026, follows approval from the Ministry of Corporate Affairs and relates to the JV agreement with SH Electronic Co. Limited.
Mahindra & Mahindra is selling its step-down subsidiary, Erkunt Sanayi Anonim Şirketi, to Hisarlar Makina Sanayi ve Ticaret A.Ş. for approximately ₹256.02 Crore. The transaction includes extinguishing external debt and is expected to conclude by July 2026. The subsidiary contributed 0.49% to M&M's consolidated turnover in FY2025.
Aesthetik Engineers Limited has called an NCLT-convened meeting on May 15, 2026, to seek shareholder approval for the merger of La Reliant Aluminium Limited. The consolidation aims to integrate operations through a scheme of arrangement. This strategic absorption will merge the transferor's business into Aesthetik Engineers.
Genus Power Infrastructures Merger & Restructuring
Genus Power Infrastructures Limited announced the apportionment of acquisition costs following the demerger of its Strategic Investment Business into Genus Prime Infra Limited. Shareholders will receive 1 share of Genus Prime Infra (FV ₹2) for every 6 shares held in the Company (FV ₹1). The cost of acquisition is apportioned at 90.05% for the parent and 9.95% for the resulting company.
Kamdhenu Ventures Limited remitted ₹13.01 Crore to subscribe to 3,614 equity shares of its wholly-owned subsidiary, Kamdhenu Colour and Coatings Limited. The investment, made through a rights issue offer at ₹36,000 per share, strengthens the subsidiary's capital base.
Bhagyanagar India Limited filed a Joint Company Petition with the NCLT for a composite scheme involving the amalgamation of Bhagyanagar Copper Private Limited and the demerger of its copper business into Tieramet Limited. The NCLT has admitted the petition and scheduled a hearing for June 9, 2026. Tieramet's equity shares are intended to be listed on the NSE and BSE.
Mahindra & Mahindra Ltd. announced the divestment of its entire 99.04% stake in step-down subsidiary Erkunt Sanayi Anonim Şirketi to Hisarlar Makina Sanayi ve Ticaret A.Ş. and others for ~₹0.02 Crore. The transaction, expected to conclude by July 2026, aligns with the company's capital allocation framework and marks its exit from the foundry business.
Nibe Limited has completed the sale of its step-down subsidiary, Nibe Aeronautics Limited (NAL), for ₹1.52 Crore to Mr. Nibe Ganesh Ramesh. Consequently, NAL has ceased to be a subsidiary of the company effective April 9, 2026.
Tarsons Products Limited has completed a ₹3.24 Crore equity infusion into its wholly-owned subsidiary, Tarsons Lifescience Pte Ltd. This transaction follows a board approval from February 2026 for a total planned investment of 3 million Euros.
Kamdhenu Ventures Limited approved a ₹13.01 Crore investment in its wholly-owned subsidiary, Kamdhenu Colour and Coatings Limited (KCCL). The investment, made via a rights issue, will fund business operations and expansion. KCCL remains a 100% subsidiary, and the transaction is expected to conclude by April 30, 2026.
Nibe Limited's subsidiary, Nibe Defence and Aerospace Limited, completed the sale of 15,20,000 shares in Nibe Aeronautics Limited (NAL) to Mr. Ganesh Nibe on April 09, 2026. Consequently, NAL has ceased to be a step-down subsidiary of the company.
Prestige Group entered a joint venture with ABIL Group to develop a 6-acre land parcel in Versova, Mumbai, via Aaramnagar Realty LLP. The project has a development potential of 1.7 million square feet and an estimated Gross Development Value of over ₹9,000 Crore. This marks the company's strategic expansion into Mumbai's premium residential market.
