Gokak Textiles Merger & Restructuring
Gokak Textiles confirms closure of its Knitwear Division effective October 2026. Assets will be sold to V.G. Parekh & Co. as per prior agreement.
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Gokak Textiles confirms closure of its Knitwear Division effective October 2026. Assets will be sold to V.G. Parekh & Co. as per prior agreement.
Forbes & Company disclosed voluntary liquidation of subsidiary Forbes Edumetry Ltd effective October 1, 2026. The entity had nil turnover, income, and net worth in FY26.
RECPDCL, a REC subsidiary, incorporated Bikaner V Part A Power Transmission Ltd for a 6GW transmission project. The SPV will transfer to the successful TBCB bidder post-selection.
REC Ltd incorporated three wholly-owned transmission subsidiaries—Bikaner V Part A, Part B, and Mirzapur—under RECPDCL. They will bid for transmission projects and transfer to bidders.
Sri Nachammai Cotton Mills' board approved selling 17.92 acres of Tiruppur land to related party Vanam Realty for ₹2.15 Crore. The disposal does not attract Section 180(1)(a) whole-undertaking thresholds.
Zodiac Energy incorporated wholly-owned SPV Zodiac Energy IPP-4 for solar power EPC activities. The 100% equity was subscribed for ₹0.01 Crore cash consideration.
Zodiac Energy incorporated SPV Zodiac Energy IPP-4 for solar power generation and EPC activities. The subsidiary supports the company's renewable energy expansion strategy.
Amber Enterprises India incorporated Amber Digital Technologies Pvt Ltd, a 100% subsidiary, to begin mobile phone manufacturing. Funded with ₹0.01 Crore subscription money in India.
KNR Constructions Limited has completed the sale of its entire equity stake in subsidiary KRIPL to Indus Infra Trust. The company received a total consideration of Rs. 549.14 Crore.
Adani Power signed a shareholders agreement with Druk Green Power Corp. to jointly incorporate a public company in Bhutan for the 770 MW Chamkharchhu Hydropower Project.
Transworld Shipping Lines Ltd has completed the sale of its vessel, M.V. SSL Sabarimalai, to Avana Logistek Limited following its delivery in Vishakhapatnam.
HLE Glascoat's subsidiary Thaletec GmbH transferred its 100% stake in HLE Surface Technologies GmbH to HLE International S.à.r.l. for group structure rationalization.
Blue Water Logistics Limited incorporated a wholly owned subsidiary, Blue Water Logistics Vietnam Company Limited, with a capital contribution of approximately ₹0.96 Crore.
Imagicaaworld Entertainment is selling its Hotel Novotel Imagicaa undertaking to Juniper Hotels for Rs. 248 Crore, subject to shareholder approval.
KPI Green Energy Limited has incorporated a new wholly-owned subsidiary, KPGC Three Private Limited. The entity was set up with a capital investment of Rs. 0.01 Crore.
Om Power Transmission Ltd incorporated a subsidiary, OPTL Green Energy Private Limited, with a cash investment of ₹0.0056 Crore for a 56% stake.
Gravita India Limited's board has approved the incorporation of a wholly-owned subsidiary in the USA, Gravita Recyclers USA Inc. The new entity will focus on trading scrap materials.
GTN Industries approved the slump sale of its Nagpur spinning unit to GTN Engineering (India) Ltd for Rs.72 Crore. The company also redeemed preference shares worth Rs.10 Crore.
Veranda Learning Solutions announced the Board of Directors for its demerged entity, J.K. Shah Commerce Education Limited. The new board comprises eight directors including Prof. J.K. Shah.
AXISCADES Technologies has initiated the voluntary solvent liquidation of its German step-down subsidiary, add-solution GmbH. This non-core, loss-making unit contributed ₹15.62 Crore to FY26 turnover.
Physicswallah's subsidiary, FinZ Finance, is selling a loan portfolio worth ₹95.79 Crore to Auxilo Finserve Private Limited as part of a strategic realignment of its lending operations.
Axiscades Technologies has placed its German step-down subsidiary, add solution GmbH, into voluntary solvent liquidation due to business rationalization. No material financial impact is expected.
Rulka Electricals Limited will incorporate a new subsidiary, NR Coppers Limited, marking its strategic diversification into the copper trading and processing business.
B.A.G. Films and Media Limited announced the incorporation of 'Skyline FM Radio Network Private Limited' as a new step-down wholly owned subsidiary through its subsidiary.
Wipro completed the merger of its step-down subsidiaries, Wipro VLSI Design Services, LLC and Wipro IT Services, LLC, to rationalize its group structure.
East West Freight Carriers Ltd is incorporating a new wholly-owned subsidiary, East West Advance Systems Private Limited, for turnkey technology and integration services.
Granules India Limited incorporated a wholly owned subsidiary, Triton Farmaceutica Do Brasil Ltda, in Brazil to expand its pharmaceutical manufacturing and distribution operations in the region.
Mangalam Worldwide Limited incorporated a wholly-owned subsidiary, "MWL Europe BV," in Belgium. The investment for this expansion involves an initial share capital of approximately ₹2.7 Crore.
K.M. Sugar Mills Ltd. has announced that the Scheme of Arrangement for the demerger of its Distillery Division has become effective as of October 01, 2026.
Hindalco Industries Ltd has terminated the Equity Purchase Agreement for the acquisition of AluChem Companies, Inc. due to extended closure delays.