DCM Shriram will transfer a 50% stake in its subsidiary, Shriram Polytech Limited, to Teknor Apex B.V. for ₹52.08 Crore (USD 5.6 million). Post-transaction, the subsidiary will be reclassified as a joint venture. This strategic partnership aims to develop advanced specialty polymer solutions for global industrial applications.
Samvardhana Motherson International Limited has merged its indirect subsidiary SMIA into SMIA Technology Germany GmbH, effective March 31, 2026. SMIA reported a turnover of approximately ₹1,718.54 Crore for FY25. The consolidation aims to simplify the corporate structure and improve operating efficiency within the group's international operations.
Samvardhana Motherson International Limited announced the merger of its indirect subsidiary SMIA into SMIA Technology, effective March 31, 2026. SMIA reported a turnover of approximately ₹1718.54 Crore (Euro 157.66 million) for FY25. The consolidation aims to simplify corporate structure and improve operating efficiency across its global automotive accessory business.
Godawari Power and Ispat Limited (GPIL) invested ₹50 Crore in its wholly-owned subsidiary, Godawari New Energy Private Limited, via a rights issue. The funds will support a 20 GWh battery energy storage system plant. GPIL's total investment in the subsidiary now stands at ₹350 Crore, maintaining 100% ownership.
Triveni Turbine Limited's step-down subsidiaries, TSE Engineering and Triveni Turbines Africa, have merged effective April 1, 2026. The internal restructuring consolidates South African operations into a single entity to improve governance and efficiency. The combined turnover of the entities involved is ₹169 Crore, with no change in the parent company's shareholding pattern.
Tata Chemicals Limited announced the dissolution of its UK-based wholly-owned subsidiaries, Cheshire Salt Holdings Limited and New Cheshire Salt Works Limited, effective April 14, 2026. This voluntary strike-off simplifies the group's holding structure without changing ultimate ownership. Both entities have ceased to be subsidiaries of the company.
Windlas Biotech Limited has scheduled a Board meeting on April 17, 2026, to consider a proposal for the buyback of its fully paid-up equity shares. Trading window for designated persons remains closed from April 1, 2026, until 48 hours after the declaration of financial results for the year ended March 31, 2026.
Power Finance Corporation Ltd incorporated four new wholly owned subsidiaries through its arm, PFC Consulting Limited. These Special Purpose Vehicles will develop transmission projects in Rajasthan and Karnataka. The SPVs will eventually be transferred to successful bidders selected through a tariff-based competitive bidding process.
Reliance Industries' step-down subsidiary, Reliance Retail Limited, sold its 100% stake in Reliance Projects & Property Management Services Limited to Jaipur Enclave Private Limited for ₹274 Crore. Consequently, the entity has ceased to be a subsidiary of Reliance Industries.
Gravita India Ltd. has completed the voluntary dissolution of its South African step-down subsidiary, Recyclers South Africa (PTY) Ltd. The subsidiary had no active business operations and its closure will not have a material financial impact on the company's books. No consideration was received as the entity was liquidated.
Tata Chemicals Limited announced the dissolution and voluntary strike-off of two UK-based wholly owned subsidiaries, Cheshire Salt Holdings Limited and New Cheshire Salt Works Limited. Both entities were non-operational with no financial contribution. The move aims to simplify the group's holding structure without affecting ultimate ownership of its UK operations.
Samvardhana Motherson International Limited announced the voluntary dissolution of its indirect wholly owned subsidiary, SMR-Jersey, effective April 10, 2026. The entity held a net worth of ₹1764.12 Crore (Euro 161.8 million). The dissolution is part of a group simplification strategy and has no impact on the consolidated net worth of the company.
Oberoi Realty Limited announced that the merger of Nirmal Lifestyle Realty Private Limited into the company became effective on April 14, 2026. This follows the completion of statutory filings with the Registrar of Companies, Mumbai. The amalgamation consolidates the entities under Oberoi Realty's management.
Samvardhana Motherson International Limited's indirect subsidiary, SMR-Jersey, has been voluntarily dissolved as part of a group structure simplification. The subsidiary had a net-worth of ₹1,764.12 Crore (Euro 161.8 million) as of FY 2024-25. The dissolution has no impact on the consolidated net-worth of the Company.
Transworld Shipping Lines Limited signed a Memorandum of Agreement to sell its vessel 'M.V. SSL Godavari' to Avana Logistek Limited. The transaction is valued at ₹182.28 Crore (US$ 19.6 million). This strategic asset sale is part of the company's operational realignment.
Syrma SGS Technology completed the closing of its joint venture with Elemaster, acquiring a 60% stake in JVCo for ₹32.70 Crore. Elemaster acquired the remaining 40% for ₹21.99 Crore. This milestone follows the September 2025 agreement and formalizes the joint venture's shareholding structure.
Kilburn Engineering Ltd has agreed to sell a 40% stake in its subsidiary, Kilburn East End Private Limited, to East End Technologies Private Limited for ₹0.04 Crore. Following the transfer, the subsidiary will become a joint venture. The transaction is expected to be completed within 60 days.
Puretrop Fruits Ltd has issued a Letter of Offer for a buyback of up to 11,00,000 equity shares at ₹200 per share. The total buyback size is ₹22 Crore, representing 13.80% of its paid-up equity capital. The offer is scheduled to open on April 17, 2026, and close on April 23, 2026.
Atlas Cycles (Haryana) Ltd has approved an extension until June 30, 2026, for the sale of 20 acres of land in Sonepat. The total transaction value is ₹60.0 Crore, with ₹34.80 Crore already received and ₹25.20 Crore expected in April 2026.
Bajaj Consumer Care Limited received the NCLT Jaipur Bench's certified order sanctioning the Scheme of Arrangement with Vishal Personal Care Limited. The company will make the scheme effective by filing the order with the Registrar of Companies. This demerger is a key step in the group's corporate restructuring process.
Him Teknoforge Ltd is calling off its joint venture agreement with Italian counterparts. The JV entity, Dinamico Axles & Drive Wheels Private Limited, will be struck off as it never commenced operations. No capital was infused by the company, resulting in zero financial impact.
Reliance Industries Limited's step-down subsidiary, Reliance Retail Limited, sold its 100% stake in Reliance Projects & Property Management Services Limited to Jaipur Enclave Private Limited for ₹274 Crore. The target contributed 0.06% to consolidated turnover. The transaction is not a related party deal, and the entity has ceased to be a subsidiary.
RITES Ltd has announced the liquidation of its joint venture company, MMG - Metro Management Group Limited. The JV involved RITES, DMRC, and the Israeli firm Poran Shrem Engineering and Appraisal Limited. This closure follows an initial intimation dated December 27, 2024, and marks the formal dissolution of the entity.
Newmalayalam Steel Limited invested ₹1.50 Crore in its subsidiary, Prime NMS Private Limited, via a rights issue. The company acquired 1,50,000 shares at par, increasing its total stake to 91.76%. This capital infusion supports the subsidiary's operations in manufacturing and engineering.
Minda Corporation Limited incorporated a new joint venture entity, Spark Minda Turntide Private Limited, on April 11, 2026. The JV with UK-based Turntide Drives Limited will manufacture advanced EV powertrain solutions, including motor controllers and axial flux motors. Minda Corp holds a 49% stake in the new Indian entity.
Linc Limited has invested ₹5.61 Crore in its subsidiary, Morris Linc Private Limited, through the allotment of 56,05,235 equity shares at par. The capital will be utilized for capital expenditure and working capital. Linc Limited maintains its 50.01% majority stake in the subsidiary.
Cyient Ltd announced that the NCLT, Bengaluru, has ordered the liquidation of its 50:50 joint venture, Infotech HAL Limited. Mr. Vasudevan Gopu has been appointed as the Liquidator. The liquidation was proposed to mitigate further financial losses as the entity has been non-operational for three years with no active business operations.
Alkem Laboratories Limited incorporated a new wholly-owned subsidiary, Alkem Pharma Trading FZCO, in the UAE on March 27, 2026. The new entity will focus on exporting pharmaceutical products to African, South East Asian, and non-UAE markets. This strategic move aims to expand the company's international footprint and export capabilities.
Systematix Corporate Services Limited is investing ₹35.0 Crore in its wholly owned subsidiary, Systematix Shares and Stocks (India) Limited. The investment involves subscribing to 17,50,036 equity shares at ₹200 each to fund working capital. This strategic move aligns with a previously approved shareholder resolution to strengthen the subsidiary's capital market operations.
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.
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