Global High-Priority Regulatory Events — June 25, 2026

25-06-2026

PS IT Infrastructure & Services Limited, under Corporate Insolvency Resolution Process (CIRP), has published a provisional list of 9 eligible Prospective Resolution Applicants (PRAs) as of June 22, 2026, following the Expression of Interest deadline of June 15, 2026. Two applicants were rejected: Ambica Cotseeds Limited for failing to meet minimum net-worth criteria, and Globaledge Dynamics Private Limited and Standard Capital Market Limited for non-receipt of EMD. The resolution professional is conducting due diligence, and PRAs must submit pending documents by June 27, 2026.

• · Form-G was published in Financial Express Mumbai Edition and Mumbai Lakshdeep Marathi Edition on May 30, 2026.
• · Last date for submission of Expression of Interest was June 15, 2026.
• · Two applicants rejected: Ambica Cotseeds Limited (ineligible net-worth) and Globaledge Dynamics Private Limited & Standard Capital Market Limited (EMD not received).
• · PRAs must submit pending documents/undertakings by June 27, 2026.
• · Objections to inclusion/exclusion can be made within five days (by June 27, 2026).
• · Resolution professional is conducting due diligence; eligibility under Section 29A of IBC will be verified at resolution plan submission stage.

24-06-2026

The Reserve Bank of India (RBI) issued the Third Amendment Directions, 2026, updating the 'Reserve Bank of India (Commercial Banks - Responsible Business Conduct) Directions, 2025' to strengthen customer protection in fraudulent electronic banking transactions (EBTs). Key changes include new definitions (e.g., Card Not Present, Card Present, fraudulent EBT, shadow reversal), revised liability frameworks (zero liability for bank negligence or third-party breaches reported within 5 days, customer liability for negligence), and mandatory procedures for alerts, reporting, and complaint resolution (max 45 days domestic, 60 days cross-border). The directions apply to commercial banks (excluding small finance banks, payments banks, RRBs, and LABs) for transactions on or after January 1, 2027.

• · The directions apply to electronic banking transactions (EBTs) undertaken on or after January 1, 2027.
• · Banks must provide 24x7 channels for reporting fraudulent EBTs, including phone banking, SMS, dedicated email, IVR, toll-free helpline, and a direct link on the homepage of their website and mobile app.
• · For credit card fraudulent EBTs, banks must provide shadow reversal (temporary credit) within 5 calendar days of customer notification, but the customer cannot use the amount until investigation is complete.
• · In cases of customer negligence, the customer bears the loss until they report the fraudulent EBT to the bank; after reporting, any further loss is borne by the bank.
• · Banks must disclose reasons for rejecting complaints (where customer liability is established) with supporting details.
• · The amendment introduces a compensation mechanism for small-value fraudulent EBTs (paragraph 76T), but the specific details are not provided in the filing.

25-06-2026

Fabtech Technologies Limited's board approved investments of up to ₹24 Crore in its wholly-owned subsidiary Fabtech Technologies LLC (UAE) and ₹2.49 Crore in FT Institutions Private Limited (India). The board also noted the completion of Independent Director Shyam Nagorao Khante's tenure and reconstituted key committees. While FT Institutions showed strong revenue growth (81% YoY to ₹1,261.56 Lakh), Fabtech Technologies LLC reported a net loss of AED 1,19,226 and negative net worth, indicating mixed subsidiary performance.

• · Fabtech Technologies LLC has generated nil turnover for three consecutive financial years (FY24, FY25, FY26) and reported a net loss of AED 1,19,226 with negative net worth of AED 79,325 as of March 31, 2026.
• · FT Institutions Private Limited's net profit for FY26 was ₹37.82 Lakh, though its net worth stood at only ₹2.21 Lakh as of March 31, 2026.
• · The investment in Fabtech Technologies LLC is capped at ₹24 Crore, with a conversion rate assumed at ₹26.25 per AED, and is expected to be completed within one year.
• · The investment in FT Institutions Private Limited is ₹2.49 Crore and is expected to be completed within one month.
• · The board also approved an increase in the company's borrowing limits, remaining within the overall limits under Section 180(1)(c) of the Companies Act, 2013.

25-06-2026

Vikram Solar Limited disclosed that the NCLAT has stayed the NCLT Kolkata insolvency order dated 12 June 2026, after the company deposited ₹91,98,556 (full and final settlement of the operational creditor's claim). The company, with a market capitalisation of approximately ₹9,000 Crore, revenue exceeding ₹4,800 Crore, and a workforce of about 3,500 employees, argued that insolvency initiation would harm its financial reputation. The next hearing is scheduled for 29 June 2026.

• · The NCLAT order dated 24 June 2026 stays the NCLT Kolkata order dated 12 June 2026.
• · The appellant (Sameer Nagpal) is the suspended director of Vikram Solar Ltd.
• · The operational creditor is Isitva Steel Private Limited.
• · The earlier settlement amount was ₹4,60,49,000, of which ₹4,14,00,000 had already been paid.
• · An additional ₹70,00,000 was paid to the operational creditor, acknowledged via email dated 04.02.2023.
• · The NCLAT relied on its earlier order in 'Nishant Avinash Fadia vs. Raspalfa Services Private Limited & Anr.' which was affirmed by the Supreme Court.
• · The next hearing is on 29 June 2026.

25-06-2026

Housing Development and Infrastructure Limited (HDIL), currently under Corporate Insolvency Resolution Process (CIRP), has informed stock exchanges that the 44th meeting of the Committee of Creditors (CoC) will be held on June 25, 2026. The company's affairs are managed by Resolution Professional Abhay Manudhane, appointed by the NCLT Mumbai Bench in August 2019. No financial results or progress updates were disclosed in this filing.

• · The company has been under CIRP since August 20, 2019, as per NCLT Mumbai Bench order.
• · The 44th CoC meeting is scheduled for June 25, 2026.
• · No details on resolution plan progress or financial performance were provided.

25-06-2026

RHI Magnesita India Limited (RHIMIN) has approved a Joint Venture with Khemka Refractories Private Limited to form a new company that will build a greenfield refractory recycling facility in Odisha, India. RHIMIN will initially hold 100% of the JV company, then issue 49% to Khemka, making RHIMIN the majority owner (51%). The JV combines RHIMIN's global recycling expertise with Khemka's regional presence and supplier network, aiming to strengthen supply chain resilience and support a circular economy. No consideration is paid or received between the parties, and the transaction is not a related party transaction.

• · The JV company will be incorporated as a wholly owned subsidiary of RHIMIN before issuing 49% shares to Khemka.
• · Each party has the right to appoint and replace nominee directors; changes to capital structure require shareholder approval.
• · The facility is expected to play a critical role in strengthening supply chain resilience and supporting sustainable industrial growth.
• · No governmental approvals beyond Ministry of Corporate Affairs incorporation are mentioned as required.

25-06-2026

Rekvina Laboratories Ltd announced the publication of the Recommendation of the Committee of Independent Directors regarding an open offer by Surbhit Mukesh Shah, Amit Mukesh Shah, and Dhruvalkumar Patel to acquire up to 28,90,000 equity shares at ₹10 per share. The recommendation was published on June 25, 2026, in multiple newspapers.

• · The recommendation was published in Financial Express (English), Jansatta (Hindi), Navshakti (Marathi), and Financial Express Gujarati (Regional).
• · The open offer is made under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

25-06-2026

Aster DM Healthcare Limited's Board noted the NCLT order approving the Scheme of Amalgamation with Quality Care India Limited and fixed July 9, 2026 as the Record Date for share allotment. Under the scheme, shareholders of QCIL will receive 977 equity shares of Aster for every 1,000 shares held. No financial figures or period-over-period comparisons were provided in this filing.

• · NCLT Hyderabad Bench approved the Scheme on June 19, 2026.
• · Record Date for determining entitlement of QCIL shareholders is July 9, 2026.
• · Share exchange ratio: 977 equity shares of Aster (face value ₹10 each) for every 1,000 shares of QCIL.
• · Board meeting commenced at 12:00 PM IST and concluded at 3:00 PM IST on June 25, 2026.

25-06-2026

A corrigendum to the detailed public statement was filed for the open offer by Yoga Builders Private Limited, Scaffold Properties Private Limited, and Mk Profinlease Private Limited to acquire up to 12,87,988 equity shares (26% stake) of TMT (India) Limited at ₹10 per share. The revised schedule extends the offer opening to July 8, 2026, and closing to July 21, 2026, following SEBI's observation letter received on June 19, 2026. All other terms of the offer remain unchanged.

• · SEBI Observation Letter No. I/14299/2026 dated June 19, 2026 was the trigger for the corrigendum.
• · Original identified date was May 29, 2026 (Friday); revised to June 23, 2026 (Tuesday).
• · Offer price remains at ₹10 per fully paid-up equity share (face value ₹10).
• · The offer is open to all shareholders except the Acquirers, Sellers, and Promoter & Promoter Group.

25-06-2026

Mukka Proteins Limited has completed the acquisition of a 51% controlling stake in Delta Marine Products, a partnership firm engaged in manufacturing fish meal and fish oil, for a cash consideration of ₹11,10,00,000 (₹11.1 Cr). The target reported turnover of ₹28,16,99,338 in FY 2024-25 but incurred a net loss of ₹19,72,919, indicating the acquisition is a strategic expansion move despite the target's current unprofitability.

• · Delta Marine Products was incorporated on 12-08-2023.
• · The acquisition is not a related party transaction.
• · The transaction was completed on 25th June 2026.
• · Delta Marine Products had no turnover for FY ending March 2023 (NA).
• · The acquisition is part of Mukka Proteins' plan to expand core business and improve production efficiency and market reach.

25-06-2026

LakeShore Biopharma Co., Ltd. completed its merger with a parent company on June 24, 2026, becoming a wholly owned subsidiary. Shareholders approved the transaction on June 19, 2026, and ordinary shareholders receive $0.066 per share cash consideration. As a result, all reporting persons ceased to be beneficial owners of more than 5% of the company's shares, and the company's securities will be delisted from OTC Pink, with trading symbols to be removed.

• · The merger was approved by shareholders at an extraordinary general meeting on June 19, 2026.
• · The Plan of Merger was filed with the Cayman Islands Registrar of Companies and became effective on June 24, 2026.
• · Excluded shares and dissenting shares were cancelled without any payment.
• · 2020 Plan options and RSUs that were unvested became fully vested at the closing and were cancelled for cash consideration equal to the excess of $0.066 per share over the exercise price (for options) or $0.066 per share (for RSUs).
• · 2024 Plan options and RSUs were assumed by the Parent under a new equity incentive plan, with terms adjusted by an exchange ratio based on the per share consideration and fair market value of parent shares.
• · The company intends to file a Form 15 to suspend its SEC reporting obligations.
• · No transactions in ordinary shares were effected by reporting persons during the past 60 days.

25-06-2026

Divgi TorqTransfer Systems Limited has incorporated a wholly-owned subsidiary, Divgi Transmission Technologies And Systems Inc., in the State of Delaware, United States, on June 04, 2026. The subsidiary will focus on advanced business development, sales, marketing, and distribution in the automotive industry. This move supports the company's international expansion, though no financial details of the investment were disclosed and the subsidiary has no operational history.

• · The wholly-owned subsidiary was incorporated on June 04, 2026.
• · Subsidiary's registered office: 8th Green, Ster (street), DOVER, County of Kent, Delaware, Zip Code 19901.
• · The subsidiary will operate under the name Divgi Transmission Technologies And Systems Inc.
• · The incorporation is subject to provisions of the Foreign Exchange Management Act and regulations, and applicable RBI and U.S. regulatory approvals.
• · The subsidiary will be a related party of the company, but promoters/promoter group/group companies have no interest except as noted.
• · No financial details (e.g., subscription cost, turnover) were disclosed.

25-06-2026

High Templar Tech Limited (formerly Qudian Inc.) filed Amendment No. 1 to its Schedule TO, announcing preliminary results of its tender offer to repurchase up to 39 million ADSs at a price between $2.80 and $3.20 per ADS. The offer expired on June 24, 2026, and the company issued a press release on June 25, 2026, detailing the preliminary results. No specific financial figures or performance metrics are disclosed in this filing.

• · The tender offer expired at 5:00 P.M., New York City time, on June 24, 2026.
• · The company issued a press release on June 25, 2026, announcing preliminary results, attached as Exhibit (a)(5)(B).
• · The offer was made under Rule 13e-4 (issuer tender offer).
• · The filing is an amendment to the initial Schedule TO filed on May 26, 2026.
• · The company's address is No. 101, Meishe Road, Meilin Street, Tongan District, Xiamen, Fujian Province, China.

25-06-2026

Vibhor Steel Tubes Limited has incorporated a wholly owned subsidiary, Viyom Steel Infra Private Limited, approved by the MCA on June 25, 2026. The subsidiary will specialize in manufacturing high-quality steel products for the infrastructure sector, including transmission towers, monopoles, and crash barriers. The company subscribed to the entire initial paid-up share capital of ₹10,00,000 in cash, holding 100% shareholding and control.

• · The subsidiary was incorporated on June 17, 2026, with the Certificate of Incorporation issued on June 25, 2026.
• · The subsidiary is based in Hisar, Haryana, India.
• · The first directors of the subsidiary are Vijay Kaushik (DIN: 02249672), Vijay Laxmi Kaushik (DIN: 02249677), and Vibhor Kaushik (DIN: 01834866).

25-06-2026

Neueon Corporation Ltd has received approval from BSE and NSE on June 25, 2026, to reclassify nine erstwhile promoters to the 'Public' category, as part of an approved resolution plan under the NCLT order dated October 23, 2024. The reclassification includes entities such as Sujana Holdings Limited (1.79% stake) and Foster Infin Trading Pvt Ltd (0.90% stake), among others. This regulatory milestone marks a significant step in the company's restructuring process, though no financial impact or operational changes are disclosed.

• · The application for reclassification was originally submitted on March 26, 2025, and approval was received over a year later on June 25, 2026.
• · One of the erstwhile promoters, Sandepudi Hanumantha Rao, passed away on September 15, 2022, and is automatically deemed to have ceased as a promoter under Regulation 31A(6)(c).
• · Two entities (Sujana Capital Services Ltd and Sujana Pumps and Motors (P) Ltd) hold 0% shareholding in the company.

25-06-2026

Smartworks Coworking Spaces Limited, through its wholly owned subsidiary Smartworks Space Pte. Ltd., has received approval to acquire 100% of WorkStudio Spaces Pte. Ltd., Singapore. The acquisition, which is a related party transaction but conducted at arm's length, aims to double the company's footprint in Singapore to approximately 76,000 sq. ft. The deal is expected to close by July 2026, but the purchase price is still under negotiation. WorkStudio was incorporated on November 20, 2024 and has generated a turnover of only INR 5.09 Crore since inception up to 31st March, 2026, indicating its very early stage of operations.

• · The acquisition is classified as a related party transaction because an immediate relative of a Director (also a promoter) has an interest in the holding company of WorkStudio.
• · The acquisition consideration will be in cash.
• · As the target was incorporated only in November 2024, prior two years’ turnover is not applicable.
• · The Board meeting took place from 04:10 PM to 05:00 PM IST on June 25, 2026.

25-06-2026

Photon Capital Advisors Ltd announced the completion of an open offer and change in control, with promoter Sreeram Reddy Vanga acquiring shares and taking over management. The previous promoters and promoter group members (Sobha Rani Nanduri, Vennela Nandury, and others) have reclassified to the public category, transferring their holdings to the acquirer. Post-reclassification, Sreeram Reddy Vanga holds 54.47% equity (14,82,000 shares) plus 9,90,000 warrants, representing 52.48% of total diluted capital.

• · Share Purchase Agreement was executed on January 20, 2026.
• · Letter of offer was dated March 12, 2026.
• · Board meeting held on June 25, 2026 approved change in management and board composition.
• · Former promoters Tejaswy Nandury, Soven Management Associates Pvt Ltd, Alchemist HR Services Pvt Ltd, HIFCO Consumer Credit LLP, and Nadury Finance and Investments LLP held zero shares as of June 25, 2026.

25-06-2026

Godrej Industries Limited (GIL) has made a further investment of approximately ₹370 Crore in its wholly owned subsidiary, Godrej Investment Limited (GIVL), via cash consideration. The acquisition, completed as of the filing date, is within the shareholder-approved limit under Section 186 of the Companies Act, 2013, and is classified as a related-party transaction at arm's length. GIVL, incorporated on January 5, 2026, reported total consolidated income of ₹2,477.72 Crore for the period from incorporation to March 31, 2026, and holds equity in Godrej Capital Limited and Godrej Wealth & Asset Management Limited.

• · GIVL was incorporated on January 5, 2026, and became a wholly owned subsidiary of GIL on the same date.
• · GIVL is an Unregistered Core Investment Company holding equity shares of Godrej Capital Limited and Godrej Wealth & Asset Management Limited.
• · The transaction is a related-party transaction at arm's length, with no promoter/promoter group/group companies interest disclosed beyond the subsidiary relationship.
• · The acquisition is within the overall limit approved by shareholders under Section 186 of the Companies Act, 2013.
• · No governmental or regulatory approvals beyond shareholder approval were required.

25-06-2026

Craftroot Retail Limited (formerly Nirbhay Colours India Limited) filed a post-open offer report with BSE on June 25, 2026, regarding an open offer by a group of acquirers led by Mr. Dakshesh Rameshchandra Shah and M/s. Seher Retail Private Limited. The offer sought to acquire 14,19,700 equity shares (42.38% of voting capital) at ₹10 per share, but only 11,15,800 shares (78.59% of the offer size) were tendered, of which 10,15,800 were accepted, resulting in a 0.78 times response level. Post-offer, the acquirers' shareholding rose from 8.17% to 56.45%, while public shareholding dropped to 43.55%, below the minimum 25% continuous listing requirement.

• · The open offer was conditional (not voluntary or competing).
• · The tendering period was originally scheduled for Feb 16–Mar 2, 2026, but was revised to Feb 26–Mar 12, 2026 due to procedural delays in setting up the acquisition window mechanism with BSE.
• · SEBI observation letter was received on January 28, 2026, under Regulation 16(4).
• · The company paid interest at 18% per annum for 15 days to shareholders due to the delay in opening the open offer.
• · The market price of the shares remained constant at ₹1.00 per share on all key dates (PA date, commencement, expiry, and 10 working days after expiry).
• · The escrow account was created in two tranches: ₹35,53,000 on Dec 17, 2025, and ₹76,05,000 on Mar 27, 2026.
• · The public shareholding post-offer (43.55%) is below the minimum 25% required for continuous listing, and the company must take steps as per disclosures in the letter of offer.
• · The acquirers acquired shares from 8 identified sellers, including individuals and entities such as Sakshi Barter Pvt Ltd and 24x7 Fitness Private Limited.

25-06-2026

Aurobindo Pharma Limited has completed the initial investment of ₹52 lakh to acquire a 26% equity stake in Swarnaakshu Solar Power Private Limited, and entered into a solar power purchase agreement for captive consumption under the Telangana captive power policy. The total planned investment is up to ₹10.40 crore, with the balance to be invested over time based on project progress. This move supports the company's renewable energy sourcing but does not include any financial performance metrics.

• · The investment is part of a previously disclosed plan referenced in letters dated February 6, 2025, March 28, 2025, June 30, 2025, September 26, 2025, December 30, 2025, and March 30, 2026.
• · The balance investment will be made from time to time depending on the progress of the solar project and fund requirements of Swarnaakshu.

25-06-2026

RPSG Ventures Limited acquired 100% of Clarionix Healthcare Private Limited for INR 1 lakh, making it a wholly-owned subsidiary. The Board also approved a composite scheme of arrangement to amalgamate Woodlands Multispeciality Hospital Limited (WMHL) into RPSG Ventures, followed by a slump sale of the hospital business to the subsidiary for INR 400 Crore. The scheme aims to consolidate healthcare under a listed entity, enhance access to capital, and provide dedicated focus for the hospital business.

• · Clarionix Healthcare Private Limited was incorporated on May 20, 2026, with main objects including establishing and managing medical care facilities.
• · The composite scheme involves amalgamation of WMHL into RPSG Ventures, followed by transfer of the hospital business to the subsidiary on a slump sale basis.
• · Post-scheme, if all OCRPS are converted, promoter shareholding in RPSG Ventures would increase from 63.51% to 68.91%.
• · The scheme is subject to approvals from NCLT, stock exchanges, SEBI, shareholders, and other authorities.
• · The Board meeting commenced at 3:00 p.m. and concluded at 4:30 p.m. on June 25, 2026.

25-06-2026

Astral Limited's board approved a Composite Scheme of Arrangement to demerge its Chemicals Business (turnover ₹12,663 million, 21% of total) into wholly owned subsidiary Astral Chemie Limited, and amalgamate another wholly owned subsidiary Al-Aziz Plastics Private Limited (turnover ₹373 million) into Astral. Post-scheme, Astral Chemie will issue 1 equity share for every 1 share held in Astral, mirroring the shareholding pattern, while Astral's shareholding remains unchanged. The scheme is subject to regulatory and shareholder approvals.

• · The demerged Chemicals Business turnover of ₹12,663 million represents 21% of Astral's total turnover of ₹59,076 million.
• · Al-Aziz Plastics Private Limited has a standalone turnover of ₹373 million and net worth of ₹215 million.
• · Post-scheme, Astral Chemie's shareholding will be 54.22% promoters/promoter group and 45.78% public, mirroring Astral's pattern.
• · No cash consideration is involved; the share exchange ratio is 1:1 for Astral Chemie shares.
• · The scheme is subject to approvals from NCLT, SEBI, stock exchanges, shareholders, and creditors.

25-06-2026

Austere Systems Limited incorporated a wholly-owned subsidiary, Austere Next Private Limited, on June 25, 2026, with a 51% shareholding held via cash consideration. The subsidiary will focus on software development, SaaS, and mobile application development. No financial details or performance comparisons were disclosed in this filing.

• · The subsidiary is incorporated in India and is a related party of the listed entity.
• · No governmental or regulatory approvals were required for the acquisition.
• · The consideration for the acquisition is in cash.

25-06-2026

Haldyn Glass Limited has decided to acquire an additional stake in Jamnagar Renewables Two Private Limited for a cash consideration of Rs. 1.44 Crore (14,40,817 equity shares at Rs. 10 each). The target entity is a renewable energy company incorporated on May 14, 2024, and is a subsidiary of Continuum Green Energy Limited. The acquisition is aimed at procuring renewable power under the captive generation scheme and is expected to be completed by end of June 2026.

• · The target entity, Jamnagar Renewables Two Private Limited, was incorporated on May 14, 2024.
• · The acquisition does not fall under related party transactions.
• · The acquisition is for cash consideration, not share swap or other forms.
• · The acquisition is subject to regulatory compliances and is expected to be completed by end of June 2026.

25-06-2026

Magellanic Cloud Limited's board approved a scheme of amalgamation with its wholly owned subsidiary IVIS International Private Limited, with an appointed date of April 1, 2026. The board also approved a preferential issue of 3,74,28,573 equity shares to non-promoters and 12,67,00,000 convertible warrants to promoters and non-promoters, raising up to ₹492,38,57,190. Additionally, the board approved increasing the aggregate ceiling for NRI/OCI investment from 10% to 24% and providing loans/guarantees up to ₹150,00,00,000 each to three subsidiaries, all subject to shareholder approval at an EGM on July 24, 2026.

• · The amalgamation is of a wholly owned subsidiary, so no new shares will be issued by the transferee company.
• · The scheme is subject to approval by the National Company Law Tribunal under Sections 230 and 232 of the Companies Act, 2013.
• · Convertible warrants are convertible into one equity share each within 18 months from allotment, upon payment of full issue price.
• · The EGM will be held on July 24, 2026 via video conferencing; cut-off date for e-voting eligibility is July 17, 2026.
• · IVIS International Private Limited reported turnover of ₹11,424.67 lakh and net worth of ₹18,071.39 lakh as on March 31, 2026 (standalone).
• · Magellanic Cloud Limited reported turnover of ₹10,203.48 lakh and net worth of ₹26,803.36 lakh as on March 31, 2026 (standalone).

25-06-2026

LMW Limited (formerly Lakshmi Machine Works Limited) has completed the acquisition of additional shares in its wholly owned subsidiary, LMW Holding Limited, located in the United Arab Emirates. The transaction, initially disclosed on May 20, 2026, was finalized on June 25, 2026, and LMW retains 100% ownership of the subsidiary. No financial details or changes in ownership structure were disclosed beyond the retention of full control.

• · Initial disclosure of the acquisition was made on May 20, 2026.
• · The subsidiary is located in the United Arab Emirates.
• · The filing is made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
• · LMW Limited's corporate office is in Coimbatore, India, and its registered office is in Perianaickenpalayam, Coimbatore.

25-06-2026

Elpro International Ltd has acquired 2,30,360 equity shares of Greaves Cotton Limited for a cash consideration of INR 5.00 Crore, increasing its total holding to 4,61,575 shares. Greaves Cotton is a diversified engineering company with a consolidated turnover of ₹3,486.61 Crore in FY 2025-26, up from ₹2,973.10 Crore in FY 2024-25 and ₹2,697.95 Crore in FY 2023-24, reflecting steady revenue growth. The acquisition is classified as an investment and is not a related party transaction.

• · Previous holding in Greaves Cotton was 2,31,215 equity shares.
• · Greaves Cotton has a legacy of 165 years and is a fuel-agnostic, end-to-end mobility solutions provider.
• · The acquisition is for investment purpose and does not require governmental or regulatory approvals.
• · Greaves Cotton's other income declined from ₹64.76 Crore in FY 2023-24 to ₹49.99 Crore in FY 2025-26.

25-06-2026

Swelect Energy Systems Ltd informed exchanges that its wholly-owned subsidiary SWELECT SolarKraft Pvt Ltd has agreed to acquire a 49% stake in Gridnex Solar Power Pvt Ltd (a Haryana-based special purpose vehicle) for a cash consideration of ₹4,31,20,000 (₹4.312 Cr). Gridnex Solar was incorporated on March 17, 2026, with a paid-up capital of ₹1,00,000 and has nil turnover / profit as of its first financial year. The target entity is setting up eight grid-connected solar PV power plants of 10 MW each (total 80 MW) under the PM KUSUM-C / Surya Mitra Krishi Feeders Scheme for power sale to MPPMCL. Apollo Green Energy Ltd will remain the majority shareholder and continue to control the target entity; thus the transaction does not result in a change of control.

• · Target entity incorporated on March 17, 2026 — less than four months before the transaction announcement.
• · As of March 31, 2026, Gridnex Solar reported nil turnover and nil PAT; its net worth is only ₹1,00,000 (₹0.01 Cr).
• · The acquisition is not a related party transaction at the time of filing, but the company will become a related party after completion.
• · The project involves feeder solarization under the KUSUM-C scheme with a power purchase agreement counterparty being MPPMCL (a government utility).
• · Apollo Green Energy Ltd will continue to hold the majority stake and control the target entity; the transaction does not alter management or day-to-day control.

25-06-2026

Deep Health AI India Limited (formerly Deep Diamond India Limited) has acquired a 6.37% stake in Leapfrog Engineering Services Ltd. for a cash consideration of INR 19,92,01,800 (approximately INR 19.92 Cr), acquiring 90,30,000 equity shares at INR 22.06 each (including a premium of INR 21.06 per share). The acquisition was completed on June 24, 2026, and is classified as a routine investment, not a related-party transaction. Leapfrog Engineering Services Ltd., an EPCC company with over 20 years of experience and a turnover of ₹13,466.24 Lakhs for FY 2024-25, has shown fluctuating revenue over the last three years: ₹10,417.86 Lakhs (FY 2022-23), ₹15,785.42 Lakhs (FY 2023-24), and then a decline to ₹13,466.24 Lakhs (FY 2024-25). While the acquisition deepens exposure to the engineering and construction sector, the target's revenue declined by approximately 14.7% in the most recent fiscal year.

• · The acquisition is classified as a 'Routine Investment Purpose' and is not a related-party transaction.
• · No governmental or regulatory approvals were required for the acquisition.
• · Leapfrog Engineering Services Ltd. was incorporated on May 9, 2005.
• · The target company operates in India.
• · Leapfrog's turnover for FY 2022-23 was ₹10,417.86 Lakhs, and for FY 2023-24 was ₹15,785.42 Lakhs.
• · The acquisition consideration exceeded the company's materiality threshold, triggering the disclosure.

25-06-2026

BPGC Acquisition Corp. disclosed that iRocket Technologies terminated the Merger Agreement on April 14, 2026, after the transaction was not completed by the March 16, 2026 deadline. The parties engaged in eight weeks of discussions to reinstate the agreement but failed to reach mutually acceptable terms, leaving the merger dead.

• · The Merger Agreement was originally entered into on July 22, 2025, and amended three times (October 6, 2025; October 30, 2025; December 12, 2025).
• · Termination was permitted under Section 10.01(c)(ii) of the Merger Agreement because the transaction was not completed by March 16, 2026.
• · The Support Agreement entered into in connection with the Merger Agreement also automatically terminated.
• · Post-termination discussions lasted approximately eight weeks but did not result in a reinstatement.

25-06-2026

Quantum Space, a space defense and orbital mobility company led by former NASA administrator Jim Bridenstine, plans to go public via a merger with SPAC Inflection Point Acquisition Corp. VI (IPFX). The deal values the combined entity at $553 million from IPFX's trust ($253M) and a $300M convertible PIPE, with expected closing in Q4 2026 and a Nasdaq listing under QSPC. While the company has secured contracts with DARPA, the Air Force Research Laboratory, the U.S. Space Force, and the Pentagon for its Ranger satellite, the vehicle is still in development and has not yet been manufactured or operated, highlighting execution risk.

• · Quantum Space's Ranger satellite is still in development and has not been manufactured, operated, or sold to date.
• · The company plans to build a large-scale satellite manufacturing plant in Tulsa, leveraging local aerospace and oil & gas talent.
• · Assembly lines will produce two categories: small spacecraft for rendezvous/domain awareness and large platforms for in-orbit refueling.
• · The transaction is subject to shareholder approval and regulatory conditions; risks include potential termination of definitive agreements.

25-06-2026

Antares Strategic Credit Fund reported preliminary results for its tender offer to repurchase up to 7.5% of outstanding shares. Approximately 8.2 million shares (10.33% of outstanding) were tendered, exceeding the target, resulting in a pro-rata acceptance of 72.59% of requested amounts. The repurchase price will be based on net asset value as of June 30, 2026.

• · Expiration date of offer: June 11, 2026 at 11:59 p.m. Eastern Time.
• · Valuation date for repurchase price: June 30, 2026.
• · Priority given to repurchase requests in case of death or disability of a shareholder.
• · Amendment filed to include additional written communications and report preliminary results.

25-06-2026

Antares Private Credit Fund filed Amendment No. 1 to its Schedule TO, reporting preliminary results of its tender offer to repurchase up to 5% of its outstanding Class I shares. The offer expired on June 11, 2026, with only 52,496.974 shares (0.16% of outstanding shares) tendered and not withdrawn, representing extremely low participation. The Fund intends to repurchase 100% of the tendered shares, with the purchase price to be determined based on the June 30, 2026 NAV and disclosed in August 2026.

• · The tender offer was originally filed on May 14, 2026 and expired on June 11, 2026 at 11:59 p.m. Eastern Time.
• · The Fund will repurchase 100% of the tendered shares, not just a pro-rata portion.
• · The purchase price per share will be based on the net asset value per share as of June 30, 2026 and disclosed in August 2026.
• · The CUSIP number for the Class I shares is 0366433029.
• · The Fund's address is 320 South Canal Street, Ste 4200, Chicago, IL 60606.

25-06-2026

Gaxos.ai Inc. completed the sale of its gaming assets (including mobile games and Gaxos Gaming Labs) to Game Foundry AI for approximately $1.75 million in an all-stock deal, and separately acquired 250,000 shares of Game Foundry AI common stock for $200,000. The divestiture is intended to streamline operations and allow Gaxos to focus on revenue-generating, higher-margin AI business lines. However, the company cautions that the restricted shares received may have limited or no realizable value, and no assurance is given that anticipated operational or financial benefits will be achieved.

• · Transaction structured as an all-stock deal valued at approximately $1.75 million.
• · Gaxos additionally acquired 250,000 shares of Game Foundry AI common stock for $200,000 cash.
• · Gaxos cautions that the restricted shares of Game Foundry AI have no established public trading market and may have limited or no realizable value.
• · No assurance that the company will achieve anticipated operational or financial benefits from the divestiture.

25-06-2026

Global Interactive Technologies, Inc. (GITS) received a Nasdaq notice on June 24, 2026 confirming it has regained compliance with Listing Rule 5250(c)(1) following the filing of its delinquent Form 10-Q on June 22, 2026. The company had previously been notified of non-compliance for failing to timely file its Form 10-K (filed May 26, 2026) and Form 10-Q. The delisting risk has been resolved.

• · The company received the initial delinquency notice for the Form 10-K on April 16, 2026.
• · The Form 10-K was filed on May 26, 2026.
• · The Form 10-Q was filed on June 22, 2026.
• · The Nasdaq compliance notice was received on June 24, 2026.

25-06-2026

Cayson Acquisition Corp. filed an 8-K announcing Amendment No. 3 to its merger agreement with Mango Financial Group Ltd., Mango Temp Ltd., and North Water Investment Group Holdings Ltd. The amendment extends the outside date for closing the merger to March 23, 2027, marking the third extension of the original July 11, 2025 agreement. This suggests ongoing delays in consummating the SPAC merger, which may signal execution challenges.

• · This is the third amendment to the merger agreement, with prior amendments on September 11, 2025 and April 14, 2026.
• · The outside date for the merger closing is now March 23, 2027, extended from an unspecified prior date.
• · The termination right is not available to any party whose actions primarily caused the delay.
• · Cayson is a Cayman Islands SPAC; Mango Financial Group is also a Cayman Islands exempted company.

25-06-2026

Flag Ship Acquisition Corp (FSHPU) extended its deadline to complete an initial business combination to July 20, 2026, after its sponsor deposited $51,482 into the trust account. Shareholders redeemed 1,507,257 ordinary shares following the June 11, 2026 extraordinary general meeting, reducing the trust balance. The sponsor can fund up to 12 monthly extensions through June 20, 2027, but the company has not yet announced a target merger.

• · The company is considered an emerging growth company under SEC rules.
• · The sponsor deposited the extension payment on June 18, 2026.
• · Shareholders redeemed 1,507,257 ordinary shares at the June 11, 2026 meeting.
• · The extension fee is the lesser of $60,000 or $0.033 per outstanding IPO share.

25-06-2026

Launch One Acquisition Corp. (LPAAW) has postponed its extraordinary general meeting from July 7, 2026 to July 10, 2026 to vote on extending the deadline for an initial business combination from July 15, 2026 to January 15, 2027. The redemption deadline for shareholders has also been extended to July 8, 2026. The filing does not provide any financial results or period-over-period comparisons.

• · The meeting was postponed by 3 days, from July 7 to July 10, 2026.
• · The extension would push the business combination deadline from July 15, 2026 to January 15, 2027.
• · Shareholder redemption deadline extended to July 8, 2026 at 5:00 p.m. ET.
• · The proxy statement was filed with the SEC and mailed to shareholders of record as of May 15, 2026.
• · The company is an emerging growth company and has elected not to use the extended transition period for new accounting standards.

25-06-2026

JERSEY CENTRAL POWER & LIGHT CO filed an S-4 registration statement on June 25, 2026, in connection with a business combination involving FirstEnergy (FE) common equity. The filing includes financial data for periods through March 31, 2026, with affiliated operating expenses of $32 million for Q1 2026 and $116 million, $118 million, and $122 million for full years 2025, 2024, and 2023, respectively. Short-term cash investments declined from $17 million at year-end 2025 to $12 million as of March 31, 2026, indicating reduced liquidity.

• · Affiliated operating expenses remained flat at $32M in Q1 2026 vs Q1 2025.
• · Annual affiliated operating expenses declined slightly from $118M in 2024 to $116M in 2025, a 1.7% decrease.
• · Short-term cash investments decreased 29.4% from $17M at Dec 31, 2025 to $12M at Mar 31, 2026.
• · Contracts are subject to regulatory accounting treatment and changes in market values do not impact earnings.
• · FE common equity is granted to certain JCP&L employees primarily related to the 401(k) Savings Plan.

25-06-2026

River Financial Corporation disclosed a material cybersecurity incident in an 8-K filing on June 25, 2026. An unauthorized threat actor gained access to its network environment around June 16, 2026, deploying ransomware across portions of its server environment. The company has taken containment measures and is investigating with a third-party forensic firm, but the full nature, scope, and impact—including whether personally identifiable information was exfiltrated—have not yet been determined, and the company has not assessed whether the incident is reasonably likely to materially impact its business or financial condition.

• · The incident was discovered on or about June 19, 2026, three days after the initial breach.
• · Containment measures included disabling affected administrative accounts and taking impacted systems offline.
• · The investigation is ongoing, and the company will file an amendment within four business days after determining that information is available.
• · Certain operations have been impacted, and the company is working with external cybersecurity professionals to restore them.

25-06-2026

Heron Therapeutics received a Nasdaq deficiency notice on June 25, 2026, because its common stock closing bid price remained below $1.00 per share for 30 consecutive trading days (May 12 to June 24, 2026). The company has an initial 180-day cure period until December 22, 2026, to regain compliance, and may be eligible for an additional 180-day period if certain conditions are met. While the notice does not immediately affect trading, failure to cure could lead to delisting, and the company is exploring options including a potential reverse stock split.

• · The deficiency period ran from May 12, 2026 to June 24, 2026.
• · The initial cure deadline is December 22, 2026.
• · To regain compliance, the closing bid price must be at least $1.00 for a minimum of ten consecutive days.
• · If not cured in the initial period, the company may be eligible for an additional 180-day period if it meets other listing standards and provides notice of intent to cure, possibly via a reverse stock split.
• · If delisting is initiated, the company may appeal to a Nasdaq Hearings Panel.
• · The company's common stock continues to trade under the symbol 'HRTX' on The Nasdaq Capital Market.