ZIM Laboratories completed incorporation of its wholly-owned Chilean subsidiary, ZIM Laboratories SpA. The LATAM expansion entity is now operational, marking completion of the February 2026 board-approved plan.
Hindustan Construction Company Merger & Restructuring
HCC's material subsidiary incorporates HC Concessions Limited at 51% stake for infrastructure development. The entity will undertake BOO, BOT, and HAM model projects in India and abroad.
Ashika Global Securities discloses incorporation of two WOS—AGAMPL (AMC) and AGTCPL (Trustee)—for mutual fund operations. Both are 100% owned and await SEBI approvals to commence business.
HEG Advanced Materials disclosed promoter stake rising to 60.72% via allotment under its Composite Scheme. The demerger splits HEG into HEG Graphite and Bhilwara Energy.
ZIM Laboratories Limited incorporated a wholly owned subsidiary, 'ZIM Laboratories SpA', in Chile. This expansion aims to develop its pharmaceutical business in the LATAM region.
Transworld Shipping Lines executed a Joint Venture Agreement with Bainbridge Navigation DMCC. The company will hold a 60% stake in the new shipping pool venture.
Majestic Auto completed the SHPL resolution plan implementation and received Bonus RPS and NCDs. The company will now transfer these securities to NovumLake and 360 ONE.
From
NovumLake Property Fund and 360 ONE Real Assets Advantage Fund
Dalmia Bharat’s subsidiary, Ascension Mercantile, incorporated a new wholly-owned subsidiary, AMPL Green City Solutions, by subscribing to 10,000 shares for Rs. 0.01 Crore.
Petronet LNG approved a 50:50 joint venture with Gruner Renewable Energy to establish 10 CBG plants. The project involves an estimated capital outlay of Rs. 1,200 crore.
Sandur Manganese & Iron Ores approved the incorporation of a wholly-owned subsidiary, 'Royal Sandur MedTech Private Limited', with a capital investment of ₹1 Crore.
Apollo Pipes Merger & Restructuring Worth ₹0.05 Cr
Apollo Pipes Ltd incorporated a wholly owned subsidiary, Apollo Ceramics Limited, to manufacture and trade tiles and ceramics. The investment involved is ₹0.05 Crore.
NLC India's subsidiary, NLC India Renewables Limited, incorporated a Joint Venture with PTC India Limited named 'NIRL PTC RENEWABLES LIMITED' for green energy projects.
Hindustan Construction Company Merger & Restructuring Worth ₹0.01 Cr
Hindustan Construction Company's subsidiary will incorporate a new JV, 'HC Concessions Limited', with Ceigall India Limited. HICL will hold a 51% stake with a ₹0.0051 Crore investment.
PTC India Ltd incorporated a joint venture, NIRL PTC Renewables Ltd, to develop green energy projects. PTC holds a 26% equity stake via a Rs 0.26 Crore investment.
Seamec Limited announced the completed sale of the bulk carrier vessel "SEAMEC GALLANT," which was owned by its wholly owned subsidiary, Seamec International FZE.
Jay Ambe Supermarkets Merger & Restructuring Worth ₹0.05 Cr
Jay Ambe Supermarkets Limited incorporated a US-based subsidiary, City Square Global LLC, via a capital contribution of ₹0.05 Crore, securing a 51% membership interest.
PTC India incorporated NIRL PTC Renewables Limited, a JV with NLC India Renewables, to develop green energy projects. PTC holds a 26% stake in the entity.
SIS Limited disclosed that its subsidiary incorporated a Finnish wholly-owned subsidiary for global workforce solutions. No consideration was paid as the entity is newly incorporated.
Tipco Engineering incorporated defence and robotics subsidiary TDTRPL with a 51% equity stake. The move diversifies the company into defence equipment, robotics, and automation.
Aditya Birla Fashion and Retail Merger & Restructuring
ABFRL subsidiary Sabyasachi India Ltd incorporated Sabyasachi Retail FZ-LLC in Ras Al Khaimah, UAE. The step-down subsidiary will deal in designer apparels, jewellery and accessories.
Goodricke Group Merger & Restructuring Worth ₹27.75 Cr
Goodricke Group Ltd sold a collection of art-works via public auction for approximately ₹27.75 Crore. This strategic divestment of non-core assets will positively impact the company's cash position.
Bikewo Green Tech Merger & Restructuring Worth ₹0.01 Cr
Bikewo Green Tech Limited incorporated a new wholly-owned subsidiary, Bikewo Logistics and Infrastructure Private Limited, for Rs. 0.01 Crore to expand into logistics and supply chain management.
Fine Organic Industries Merger & Restructuring Worth ₹55 Cr
Fine Organic Industries invested ₹55 Crore into its wholly-owned subsidiary, Fine Organic Industries (SEZ) Private Limited, via preference shares to support manufacturing unit setup.
Arix Energix Limited (formerly Jupiter Infomedia) has incorporated a wholly-owned subsidiary, Arix Metals Trading FZCO, in the UAE for ₹0.26 Crore to expand its geographic footprint.
Neptune Logitek incorporated Neptune Cargo Services as a wholly-owned subsidiary with a paid-up capital of Rs. 10 Lakhs. This investment advances the company's logistics strategy.
Imagicaaworld Entertainment Merger & Restructuring Worth ₹248 Cr
Imagicaaworld's Board approved the slump sale of Hotel Novotel Imagicaa to Juniper Hotels for Rs. 248 Crore. Shareholder approval via postal ballot is pending.
Alivus Life Sciences Merger & Restructuring Worth ₹0.9 Cr
Alivus Life Sciences incorporated a wholly owned pharma subsidiary in Brazil. The company subscribes up to R$500,000 (₹0.90 Cr) for 100% of the new entity.