Shubhlaxmi Jewel Art Merger & Restructuring
Shubhlaxmi Jewel Art's board proposed approval to sell its whole undertaking and raise borrowing powers to Rs.500 Crore. An EGM is set for December 1, 2026.
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Shubhlaxmi Jewel Art's board proposed approval to sell its whole undertaking and raise borrowing powers to Rs.500 Crore. An EGM is set for December 1, 2026.
Capital Trade Links incorporated wholly owned subsidiary Rentworks Services India Private Limited for renting and leasing. It subscribed 10,000 shares for Rs 1 lakh cash.
Kasturi Metal Composite will subscribe 51% of an unincorporated UAE flooring entity for Rs 1.32 Crore cash. The company has no operating history or turnover yet.
Ceinsys Tech incorporated AASTRA AI India, a 50:50 joint venture with AI Fabrik Inc, USA. It targets sovereign AI infrastructure, with capital yet to be invested.
Kasturi Metal Composite's board approved incorporating a 51% owned subsidiary, Durafloor MENA LLC, in Mainland Dubai. The company will subscribe AED 5,10,000 (about Rs 1.28 Crore).
GPIL sold 3,67,200 Jammu Pigments shares for Rs 10.95 Crore, cutting its stake from 38.27% to 36.38%. This third tranche is part of a wider associate divestment.
Hinduja Global Solutions updated on its subsidiary IMCL's plan to sell its entire stake in Bhima Riddhi and Vinsat to external buyers. Completion is taking longer, and both will cease to be step-down subsidiaries on completion.
Ganesh Benzoplast seeks shareholder approval via postal ballot for a Rs 1,066 Crore slump sale of its liquid storage terminal business to Cisternina Logistics, and a rail logistics business transfer. E-voting runs 6 November to 5 December 2026.
Ceigall India Ltd will infuse Rs. 86.32 Crore into its step-down subsidiary, Ceigall Ambala Chandigarh Zirakpur Limited. The investment supports a 6-lane spur connectivity highway project in Punjab.
CAMS disclosed the voluntary liquidation and dissolution of its non-material step-down subsidiary Think Analytics under IBC Section 59. The closure has no impact on company operations.
India Glycols disclosed that IGL Spirits received BSE and NSE listing approval for 6.70 crore demerger shares. Trading in these equity shares begins on 4 November 2026.
Kaynes Technology will incorporate Kaynes Arabia Electronics Company in Saudi Arabia, holding 100% for electronics manufacturing for GCC markets. Cash consideration is Rs. 0.25 Crore, funded through multiple tranches.
RPSG Ventures' step-down subsidiary RPSG Brands Mena incorporated RPSG Foods & Health Products Trading FZE in Dubai's Jebel Ali Free Zone. The new entity has AED 50,000 share capital and is yet to commence business.
Rajasthan Securities' board approved incorporating a wholly owned subsidiary in India. Initial cash subscription of up to Rs 1 Crore is planned.
Amara Raja board approved a wholly owned subsidiary, Amaron Assist, in Telangana. Initial investment of up to Rs. 100 crore is planned.
Sudarshan Chemical completed sale of VP4 Frankfurt GmbH to Celanese for about Rs 795.9 crore. VP4 Frankfurt is no longer a step-down subsidiary.
TBI Corn incorporated a wholly-owned UAE subsidiary, TBICL (FZE), with cash consideration of Rs 0.39 Crore. The subsidiary will handle maize and corn-based products and has not started operations.
TBI Corn incorporated wholly-owned subsidiary TBICL (FZE) in the UAE on 2 November 2026. The entity will manufacture and trade corn-based products.
GSFC will cut its GPLCL stake to 11%, selling 6.5 lakh shares to Gujarat Maritime Board for Rs 65 lakh. GPLCL will cease to be a subsidiary.
Viyash's step-down subsidiary Alivira Vietnam was incorporated on 30 October 2026, with investment up to USD 400,000. It will distribute animal health products and APIs in Vietnam.
BirlaNu's board approved subscribing to 1,50,000 shares of a proposed wholly-owned digital platform subsidiary at Rs.10 each. The cash consideration is Rs.0.15 Crore, with the entity yet to be incorporated.
Cressanda Railway's board reports a buyer has been found for subsidiary Cressanda Consumers, with a share purchase agreement to follow. No deal value is disclosed.
Harig Crankshafts agreed to sell its Noida Phase-II property for Rs 65 Crore to Sahu International Attire. Completion is expected by December 30, 2026.
UCAL's subsidiary UPIL agreed to sell a 6.97-acre residential plot to promoter-group Sujo Land, receiving a Rs.45 Crore advance. Completion is expected by June 2027.
Shera Energy's board approved a Dubai wholly-owned subsidiary for non-ferrous metals trading, with investment up to ₹47.5 Crore. This expands the company's international trading footprint.
Capillary Technologies completed the deregistration of its dormant China subsidiary, Capillary Shanghai. The closure has no impact on the company's operations or financials.
Power Grid's board approved selling its entire stake in wholly owned subsidiary CTUIL to Grid Controller of India. The initial consideration is Rs 73.46 Crore, plus a later true-up amount.
Usha Martin completed the Rs. 77 Crore slump sale of U M Cables' optical fibre business to R R Kabel. Transfer took effect 31 October 2026.
Usha Martin reports completion of its subsidiary U M Cables' business slump sale to R R Kabel, effective 31 October 2026. No consideration amount is disclosed.
KS Smart Technologies reported completion of a foreign subsidiary's incorporation, KS Smart Global Inc. in USA, on 22 October 2026. Transaction amount is ₹0.01 Crore.