Pavna Industries Merger & Restructuring
Pavna Industries Limited is divesting its entire equity stake in subsidiary Swapnil Switches Private Limited to the Promoter and Promoter Group for cash at fair value.
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Pavna Industries Limited is divesting its entire equity stake in subsidiary Swapnil Switches Private Limited to the Promoter and Promoter Group for cash at fair value.
Pavna Industries Limited completed the sale of its 50.74% stake in Swapnil Switches Private Limited for ₹2.53 Crore. The subsidiary ceased to be a direct subsidiary effective October 9, 2026.
XtraNet Technologies Limited approved the incorporation of a wholly owned subsidiary, XtraNet Data Centre Private Limited. The company will invest Rs.0.05 Crore for 100% initial share capital.
Expleo Solutions Limited invested Rs.2.10 Crore in its wholly owned subsidiary, Expleo Solutions GIFT IFSC Limited. The subsidiary also received its Certificate of Registration from IFSCA.
Mirza International Limited has incorporated a new wholly-owned subsidiary, Mirza Global Limited, to manage footwear manufacturing and e-commerce. The company subscribed to 50,000 equity shares for a total consideration of Rs. 0.01 Crore.
Triveni Engineering disclosed that Triveni Power Transmission received BSE and NSE listing approvals. Its equity shares (per the Composite Scheme) begin trading October 12, 2026.
P H Capital to incorporate wholly-owned subsidiary StrategicAlpha Research Platforms for research analyst services. Cash consideration up to ₹0.15 Crore, with SEBI registration pending.
P H Capital is incorporating wholly-owned subsidiary Strategic Alpha Asset Management for portfolio management. Up to ₹7 Crore in cash marks its entry into asset management.
P H Capital Limited is incorporating AHB Advisors Private Limited, a wholly owned subsidiary for corporate advisory. Cash consideration is up to ₹0.01 Crore.
Mirza International incorporated a 100% WOS, Mirza Global Limited, in the footwear sector. The subsidiary will handle manufacturing, retail, and e-commerce of footwear.
Arisinfra Solutions Ltd reported that the NCLT has admitted the first motion application for its scheme of amalgamation with Arisunitern Re Solutions Pvt Ltd.
Gravita India incorporated Green Maputo Recyclers, LDA in Mozambique as a new step-down wholly owned subsidiary with an investment of USD 2,00,000 (₹1.92 Crore).
TAC Infosec Limited has incorporated a wholly-owned subsidiary, TAC Safehouse Limited, to enter the B2C cybersecurity market, with an initial capital investment of Rs. 0.15 Crore.
Raymond Realty will invest ₹0.009 Crore to subscribe to 9,000 equity shares in its wholly-owned subsidiary, Ten X North Limited, via a rights issue.
Kratikal Tech Ltd incorporated a wholly-owned subsidiary, Kratikal AI Inc., in Delaware, USA, as an SPV for cybersecurity operations with a USD 10,000 investment.
Lloyds Metals and Energy has completed the acquisition of securities in its subsidiary, Thriveni Earthmovers, for ₹606.76 crore. This marks the full completion of the transaction.
Laxmi Dental Limited approved membership in 'Leelaben Foundation', a Section 8 company, to promote CSR and rural dental facilities. The board also noted compliance fine payments.
TBI Corn Limited's board approved the incorporation of a subsidiary in Dubai, UAE to explore international business opportunities. Details will be disclosed upon formal incorporation.
Astonea Labs has incorporated a new subsidiary, 'Longevity Science Private Limited.' The company will invest Rs. 0.05 Crore to hold 51% equity share capital.
PNC Infratech incorporated a 100% subsidiary in Kazakhstan for road construction. The new entity targets roads and highways in the region.
MRPL formed ONGC Petrochemicals Marketing Limited with ONGC and OpAL in a 50:25:25 JV. MRPL invested ₹12.5 crore for its 25% stake in the petrochemical trading entity.
Univastu India incorporated UK subsidiary for GBP 39 lakh (≈₹49.53 Cr) to acquire Cambium Networks assets. The wholly-owned entity will operate in telecom and wireless networking.
Univastu revised its Reg 30 intimation on incorporating subsidiary Univastu UK Limited for 10 GBP consideration. The correction clarifies promoters are common directors with no separate individual interest.
ONGC formed a 50:25:25 JV (OPML) with MRPL and OPaL for integrated petrochemicals marketing and trading. ONGC subscribed ₹25 crore for its 50% equity stake.
Sky Industries' board approved in-principle sale of its Navi Mumbai factory contributing 25% of revenue. The Gujarat facility will consolidate operations; consideration and buyer remain undetermined.
Hy-Tech Engineers incorporated a wholly-owned US subsidiary, Hy-Tech Engineers Inc (Delaware), for hydraulic fittings distribution. Cash subscription of ₹3 Crore secures 100% ownership in the new entity.
TVS Srichakra received Rs. 34.44 Crore from TASL Automobile under an NCLT-sanctioned capital reduction scheme. Its 7.58% stake of 9,11,741 shares is fully extinguished.
Dixon Technologies executed a JV agreement with Gemtek to form Dixon Electroconnect for data centre and optical connectivity. Dixon holds 60%, Gemtek 40%.
Fractal Analytics Limited incorporated a new step-down subsidiary, FRACTAL AI QFZ LLC, in Qatar Free Zones to expand its software and AI consultancy services.
Univastu India incorporated a wholly-owned subsidiary, 'Univastu UK Limited', in the UK to facilitate business expansion. This is an overseas direct investment by the company.