SML Mahindra Merger & Restructuring Worth ₹525 Cr

SML Mahindra Q2 FY27 Results: Net Profit ₹11.7 Cr, Down 44.5% YoY

SML Mahindra Ltd reported revenue from operations of ₹669.8 Cr (+20.7% YoY) and net profit of ₹11.7 Cr (-44.5% YoY) for Q2 FY27.

Key figure

Net profit ₹11.7 Cr · -44.5% YoY

SML Mahindra Other Announcement

SML Mahindra Limited has updated the contact details of its Key Managerial Personnel authorized under SEBI Regulation 30(5), effective from 20th October, 2026.

SML Mahindra Management Change

SML Mahindra Ltd announced CFO Pushkar Patwardhan's cessation and appointed Manaswini Goel as Interim CFO and Surender Kalra as CFO, alongside CHRO Ashudeep Saddi's appointment.

SML Mahindra Business Update

SML Mahindra Ltd reported total sales of 1,124 vehicles for September 2026, an 18% increase compared to 950 vehicles in the same period last year.

SML Mahindra Board Meeting Date

SML Mahindra Limited has scheduled a board meeting for 19th October 2026 to approve financial results for the quarter and half-year ending 30th September 2026.

SML Mahindra Annual General Meeting

SML Mahindra's shareholders approved the acquisition of Mahindra & Mahindra’s truck and bus division via a slump sale through a postal ballot.

Hexaware Technologies Merger & Restructuring

Hexaware Technologies approved a slump sale of its step-down subsidiary Tech SMC Square India to Tech SMC Squared (GCC) India, a related-party deal. Consideration is cash, yet to be set by a registered valuer.

Execution

Expected completion by 30 June 2027; agreement date stated as 1 December 2026

Emkay Global Financial Services Merger & Restructuring Worth ₹2.75 Cr

Emkay Global agreed to sell its Wealth Management Business to a step-down subsidiary, Emkay Wealth Advisory, for Rs. 2.75 Crore cash. Completion is expected by 26 January 2027.

Value

₹2.75 Cr

Execution

Completion expected by 26 January 2027

TVS Holdings Merger & Restructuring

TVS Holdings forwarded TVS Motor's board outcome of October 28, 2026 approving acquisition of Harita ARC and a composite scheme of amalgamation and demerger. The scheme is subject to stock exchange, SEBI, NCLT and shareholder approvals.

Emkay Global Financial Services Merger & Restructuring Worth ₹30 Cr

Emkay Global approved transferring two subsidiaries to new subsidiary ECPL and slump-selling its wealth business. Up to Rs.30 Crore rights investment in ECPL was also approved.

Value

₹30.00 Cr

Execution

Divestment completion expected within 90 days of SPA execution, subject to regulatory approvals

Fortis Healthcare Merger & Restructuring Worth ₹277 Cr

Fortis subsidiary International Hospital acquired Suguna Ramaiah Hospitals' business, operations, land and building for Rs 277 Crore cash. The deal was consummated today, strengthening Bengaluru presence.

Value

₹277.0 Cr

Vraj Iron & Steel Merger & Restructuring Worth ₹4.55 Cr

Vraj Iron and Steel transferred 396,000 MVK Industries shares to promoter Gopal Sponge for Rs 4.55 Crore. The sale was completed on October 28, 2026.

Value

₹4.55 Cr