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.
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.
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.
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 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.
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.
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.
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.
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.
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.
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 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.
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.
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.
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.
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 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 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.
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 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.
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 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.
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 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.
Gujarat Gas Limited announced that its Composite Scheme of Arrangement became effective on May 1, 2026. The restructuring involves the amalgamation of GSPC, GSPL, and GEL into the company, and the demerger of the Gas Transmission Business into GSPL Transmission Limited.
R Systems International Limited announced the effectiveness of its merger with Velotio Technologies and Scaleworx Technologies following NCLT approval. The merger became effective on May 1, 2026. Consequently, the company's authorised share capital has been increased to ₹20.70 Crore, and the Transferor companies stand dissolved without winding up.
Indoco Remedies Limited has agreed to sell its Ophthalmic Division to Sunways (India) Private Limited for ₹110 Crore. The cash transaction is a slump sale aimed at focusing on core therapeutic areas. The division contributed approximately 3.2% to the company's standalone revenue for FY 2024-2025.
Bajaj Consumer Care Limited has announced that the Scheme of Arrangement with Vishal Personal Care Limited became effective on May 1, 2026. This follows the receipt of the NCLT Jaipur Bench order and subsequent filing with the Registrar of Companies. The demerger aims to restructure the company's personal care business segments.
Mahindra & Mahindra's subsidiary, MEAL, allotted equity shares to BII and Temasek upon conversion of CCPS valued at ₹40,425 Crore. This transaction dilutes M&M's stake in MEAL from 99.99% to 92.45%, though it remains a subsidiary.
Hubtown Limited has issued a notice for an NCLT-convened meeting on June 5, 2026, to approve the merger of Saicharan Consultancy Private Limited into the company. The amalgamation will be executed via a Scheme of Arrangement subject to shareholder and regulatory approvals.
