Merger & Restructuring announcements

Hexaware Technologies Merger & Restructuring Worth ₹5,902 Cr

Hexaware Technologies Limited completed an internal merger of its wholly owned US subsidiaries, Softcrylic LLC and Hexaware Technologies Inc, effective May 1, 2026. The entities had a combined FY2025 turnover of ₹5897.45 Crore. This consolidation aims to leverage complementary technology services under unified management without changing the parent company's ultimate ownership.

Value

₹5,902 Cr

Clean Max Enviro Energy Solutions Merger & Restructuring

Clean Max Enviro Energy Solutions Limited is selling 2,600 shares of its wholly owned subsidiary, Clean Max Yuhdul Private Limited, to TATA Communications Limited for INR 26,000. The transaction is expected to be completed by June 30, 2026. The subsidiary was recently incorporated and has not contributed to the parent's revenue.

Execution

On or before 30 June 2026

Meghmani Organics Merger & Restructuring

Meghmani Organics Limited (MOL) has received approval for a Scheme of Amalgamation to merge Kilburn Chemicals Limited and Meghmani Crop Nutrition Limited into itself. The NCLT-convened meeting of shareholders is scheduled for June 6, 2026. This restructuring aims to consolidate group operations and streamline the corporate structure subject to final regulatory and tribunal approvals.

Computer Age Management Services Merger & Restructuring Worth ₹20 Cr

Computer Age Management Services Limited (CAMS) approved a ₹20 Crore cash investment in its wholly owned subsidiary, CAMS Financial Information Services Private Limited. The capital infusion will be made in tranches to support the subsidiary's business as an Account Aggregator NBFC.

Value

₹20.00 Cr

Execution

One or more tranches

Addictive Learning Technology Merger & Restructuring

Addictive Learning Technology Limited has completed the dissolution of its wholly-owned Canadian subsidiary, Addictive Learning Technology Inc., effective May 1, 2026. The subsidiary was previously a dormant entity.

Inox Green Energy Services Merger & Restructuring

Inox Green Energy Services Limited's Scheme of Arrangement with Inox Renewable Solutions Limited became effective on May 4, 2026. Both entities have filed the Hon’ble NCLT Ahmedabad Bench's order with the Registrar of Companies. The appointed date for this demerger scheme is October 1, 2024, facilitating corporate restructuring and value unlocking for shareholders.

Cryogenic OGS Merger & Restructuring Worth ₹0.05 Cr

Cryogenic OGS Limited has incorporated a new subsidiary, INFRAVOLT ENGINEERING PRIVATE LIMITED, in India. The subsidiary, focused on engineering and precision components, has a paid-up capital of ₹0.05 Crore. Cryogenic OGS Limited holds a 51% majority stake in the new entity.

Value

₹0.05 Cr

Park Medi World Merger & Restructuring Worth ₹0.01 Cr

Park Medi World Limited, through its material subsidiary Park Medicenters & Institutions Private Limited, has incorporated a new wholly-owned subsidiary focused on healthcare services. The new entity, likely named Healplus Medical Services Private Limited, involved a cash consideration of ₹0.01 Crore.

Value

₹0.01 Cr

Park Medi World Merger & Restructuring Worth ₹0.01 Cr

Park Medi World Limited's subsidiary is incorporating a new wholly-owned step-down subsidiary, 'Healplus Medical Services' or 'Healplus Healthcare', for ₹0.01 Crore. The new entity will undertake healthcare and ancillary services.

Value

₹0.01 Cr

TechD Cybersecurity Merger & Restructuring

TechD Cybersecurity Limited has incorporated a wholly-owned subsidiary, TECHDEFENCE CYBERSECURITY INC., in Ontario, Canada. The new entity will provide cybersecurity services including VAPT and SOC operations, serving as the company's North American hub for innovation and business expansion. The subsidiary was incorporated on May 1, 2026, with 100% shareholding held by the parent company.

Race Eco Chain Merger & Restructuring Worth ₹1.02 Cr

Race Eco Chain Limited invested ₹1.02 Crore in its subsidiary, Ganesha Recycling Chain Private Limited, through a rights issue subscription. The company was allotted 1,02,000 equity shares, maintaining its 51% majority ownership stake in the recycling-focused entity.

Value

₹1.02 Cr

Brainbees Solutions Merger & Restructuring Worth ₹0.1 Cr

Brainbees Solutions Limited announced a timeline extension for the $10,000 capital subscription in its new US subsidiary, Swara Corp. Due to procedural delays, the remittance deadline moved from April 30, 2026, to June 30, 2026. Swara Corp. remains a wholly-owned step-down subsidiary of the company.

Value

₹0.10 Cr

Brainbees Solutions Merger & Restructuring Worth ₹0.09 Cr

Brainbees Solutions Limited announced a timeline extension for the $10,000 (approx. ₹0.10 Crore) initial capital subscription in its step-down US subsidiary, Swara Corp. The deadline for remittance by Swara Baby Products Limited has been moved from April 30, 2026, to June 30, 2026, due to procedural delays.

Value

₹0.09 Cr

Gandhar Oil Refinery (India) Merger & Restructuring Worth ₹16,080 Cr

Gandhar Oil Refinery (India) Limited has completed the sale of its immovable property located in Mohali, Punjab. The transaction, valued at ₹16,080.0 Crore, was finalized on April 30, 2026. This disposal follows the initial board approval announced in January 2026.

Value

₹16,080 Cr

Gandhar Oil Refinery (India) Merger & Restructuring Worth ₹1.61 Cr

Gandhar Oil Refinery (India) Ltd successfully completed the sale of its land in Mohali, Punjab, to Mr. Tarundeep Singh for ₹1.61 Crore. The transaction was finalized via a Sale Deed executed on April 30, 2026. The buyer does not belong to the promoter group.

Value

₹1.61 Cr

HMA Agro Industries Merger & Restructuring Worth ₹0.01 Cr

HMA Agro Industries Limited has completed the divestment of an equity stake to promoters Mr. Gulzar Ahmad and Mohammad Kamil Qureshi. The transaction, valued at ₹0.01 Crore, represents 1% completion of the proposed divestment to these related parties.

Value

₹0.01 Cr

Amir Chand Jagdish Kumar (Exports) Merger & Restructuring

Amir Chand Jagdish Kumar (Exports) Ltd is incorporating a wholly owned subsidiary, Aeroplane FMCG Pte. Ltd., in Singapore. The new entity will focus on Rice and FMCG products. The company will invest USD 500 (approx. ₹0.00475 Crore) for 100% ownership, expanding its international footprint in the consumer goods sector.

Somany Ceramics Merger & Restructuring

Somany Ceramics Limited has extended the timeline for divesting its entire stake in associate company Acer Granito Private Limited. Following a request from the purchaser, the completion deadline is extended by nine months from May 4, 2026, subject to a revised payment schedule including interest.

Execution

9 months from May 4, 2026

HMA Agro Industries Merger & Restructuring Worth ₹0.01 Cr

HMA Agro Industries Limited has entered into a Share Purchase Agreement to divest its 100% stake in subsidiary Laal Agro Food Private Limited. The stake is being sold to promoter Mr. Gulzar Ahmad for ₹0.005 Crore (Rs. 50,000). Following the transaction, Laal Agro Food will cease to be a subsidiary of the company.

Value

₹0.01 Cr

HMA Agro Industries Merger & Restructuring Worth ₹0.01 Cr

HMA Agro Industries Limited has entered into a Share Purchase Agreement to divest its 100% stake in Laal Agro Food Private Limited for ₹0.01 Crore. The stake was sold to promoter Mohammad Kamil Qureshi. Following the transaction, the entity will cease to be a subsidiary of the company.

Value

₹0.01 Cr

HMA Agro Industries Merger & Restructuring Worth ₹0.1 Cr

HMA Agro Industries Ltd entered into a Share Purchase Agreement to divest its 100% stake in subsidiary Laal Agro Food Private Limited for ₹0.01 Crore. The buyers are part of the promoter group, making it a related party transaction. The deal is expected to conclude by May 30, 2026.

Value

₹0.10 Cr

Execution

Expected completion by May 30, 2026

R Systems International Merger & Restructuring

R Systems International Limited has successfully completed the merger of Velotio Technologies and Scaleworx Technologies, effective May 1, 2026. Consequently, the transferor companies stand dissolved, and R Systems' authorized share capital has been increased to ₹20.70 Crore. The company also amended its Articles of Association to incorporate terms for optionally convertible redeemable preference shares.

Puretrop Fruits Merger & Restructuring

Puretrop Fruits Limited announced the completion of its share buy-back via tender offer. This resulted in the extinguishment of 11,00,000 equity shares, increasing the total promoter group voting rights from 60.87% to 64.27%.

Bigbloc Construction Merger & Restructuring

Bigbloc Construction Limited received regulatory approval for the merger of its subsidiary, Starbigbloc Building Material Limited, into its wholly-owned subsidiary, Bigbloc Building Elements Private Limited. The order was sanctioned by the Regional Director (NWR) on April 28, 2026, with an appointed date of April 1, 2025.

Gujarat State Petronet Merger & Restructuring

GSPL Transmission Limited announced May 12, 2026, as the record date for a composite scheme of arrangement. Gujarat Gas Limited will issue 10 equity shares for every 13 shares held in Gujarat State Petronet Limited. Trading in GSPL shares will be suspended from May 12, 2026, to facilitate the demerger and amalgamation process.

Crestchem Merger & Restructuring Worth ₹0.1 Cr

Crestchem Ltd has incorporated a new subsidiary, OLEO BIOSCIENSES PRIVATE LIMITED, in Bangalore with a capital of ₹0.10 Crore. The parent company holds a 75% stake. The subsidiary will establish a pilot-scale manufacturing and product development facility to cater to southern Indian customers.

Value

₹0.10 Cr

Sandur Manganese & Iron Ores Merger & Restructuring

The Sandur Manganese & Iron Ores Limited announced the dissolution of its wholly owned subsidiary, Sandur Pellets Private Limited, following NCLT approval for voluntary liquidation. The subsidiary had no active business operations or revenue since incorporation. This closure streamlines the company's corporate structure without impacting its financial performance.

Salasar Techno Engineering Merger & Restructuring

Salasar Techno Engineering Limited has convened an NCLT-ordered meeting on June 5, 2026, via video conference. Shareholders will vote on a Special Resolution to approve the proposed Scheme of Amalgamation of Hill View Infrabuild Limited with the company. This restructuring aims to consolidate operations and drive corporate synergies.

Gujarat State Petronet Merger & Restructuring

GSPL Transmission Limited announced that the Composite Scheme of Arrangement has become effective on May 1, 2026. Consequently, GSPC, GSPL, and GEL have amalgamated into Gujarat Gas Limited, while the Gas Transmission Business has been demerged into GSPL Transmission Limited. This restructuring consolidates operations and unlocks value for shareholders.

Gujarat Energy Merger & Restructuring

Gujarat Gas Limited announced that its Scheme of Arrangement is effective from May 1, 2026. GSPC and GSPL have merged into GGL, while the gas transmission business demerged into GSPL Transmission Limited. GGL will be renamed Gujarat Energy Limited, housing trading, E&P, and wind power businesses.