Global High-Priority Regulatory Events — July 03, 2026

03-07-2026

Emcure Pharmaceuticals subsidiary Marcan Pharmaceuticals Inc. acquired all Class E Special Shares of Mantra Pharma Inc. for CAD $50 million in cash, consolidating full ownership of Mantra. Mantra, a step-down subsidiary operating in Canada, reported a turnover of CAD $96.67 million in FY2026, up from CAD $81.01 million in FY2025, though FY2024 was significantly lower at CAD $28.26 million for a partial period. The transaction, at arm's length and exempt from related-party disclosure rules, was completed on July 3, 2026.

• · Mantra was formed on November 06, 2023 by amalgamating nine Quebec corporations.
• · The acquisition was completed on July 02, 2026 (EDT) and July 03, 2026 (IST) and involves acquiring 100% of the Class E Special Shares.
• · No specific government approvals were required other than standard Canadian regulatory compliances.
• · The transaction is classified as a related party transaction between step-down subsidiary and subsidiary but is exempt under Regulation 23(5) of LODR Regulations as it is between two wholly-owned subsidiaries and at arm's length.
• · Mantra's FY2024 turnover of CAD $28.26 million covers only a partial 5-month period (November 6, 2023 to March 31, 2024), while FY2025 turnover of CAD $81.01 million and FY2026 turnover of CAD $96.67 million reflect full-year operations.

03-07-2026

Jay Bharat Maruti Limited has voluntarily delisted its equity shares from the Calcutta Stock Exchange (CSE), effective July 3, 2026. The delisting was approved by the CSE and does not affect shareholders because the CSE has no active trading platform for equity shares. The company's shares continue to be listed on NSE and BSE.

03-07-2026

JSW Steel Limited has received the final order from the National Company Law Tribunal (NCLT), Mumbai Bench, sanctioning the Scheme of Amalgamation of three wholly owned subsidiaries — Amba River Coke Limited, Monnet Cement Limited, and JSW Retail and Distribution Limited — with itself. The amalgamation aims to streamline the group structure, reduce administrative costs, and achieve operational efficiencies. No fresh shares will be issued as the transferor companies are wholly owned by JSW Steel.

• · The NCLT order was pronounced on July 2, 2026, and made available on the NCLT website the same day.
• · The appointed date for the Scheme is April 1, 2026, or such other date as approved by the NCLT.
• · No shares will be allotted as consideration since the transferor companies are wholly owned subsidiaries of JSW Steel.
• · The Regional Director, Western Region-I, filed a report on June 12, 2026, with observations that were addressed by the petitioner companies.
• · The Official Liquidator confirmed that the affairs of the transferor companies were not conducted prejudicially to creditors or public interest.
• · The Income Tax Officer granted no objection to the Scheme for Transferor Company 3 on April 1, 2026.
• · The Scheme will become effective once the certified order is filed with the Registrar of Companies, Mumbai.

03-07-2026

CapitalNumbers Infotech Limited has entered into a stock purchase agreement to acquire 100% ownership of Epitome Cloud Inc. and its Indian subsidiary for approximately INR 40 crore. The acquisition aims to strengthen the company's Salesforce-led digital transformation capabilities and expand its US market presence. However, the target's standalone turnover declined sharply from USD 4,116,898 in CY 2024 to USD 2,867,087 in CY 2025, indicating a significant drop in revenue.

• · The target was incorporated on June 23, 2020, and is headquartered in New Jersey, USA.
• · The acquisition is expected to complete in 8 to 12 weeks, subject to customary conditions.
• · The consideration is cash-based and subject to net working capital and other adjustments.
• · The acquisition does not fall within related party transactions.
• · No governmental or regulatory approvals are required for the acquisition.

03-07-2026

Oriental Rail Infrastructure Limited (ORIL) has incorporated a Limited Liability Partnership (LLP) named ABOR Projects LLP as a joint venture with A B Composites Private Limited, where A B Composites holds a 51% stake and ORIL holds a 49% stake. The LLP will undertake turnkey projects for railway coach refurbishment and other allied activities, with ORIL's capital contribution aggregating to Rs. 4,90,000 (Rupees Four Lakhs Ninety Thousand Only). The LLP is yet to commence business operations, so no turnover or financial performance data is available yet.

• · The LLP was incorporated on July 02, 2026, with LL PIN ACZ-6867.
• · The joint venture is not a related party transaction, but the partners will be related parties of the company.
• · Mr. Saleh N Mithiborwala, Whole-Time Director & CFO, is the authorized representative/nominee/designated partner on behalf of ORIL in the LLP.
• · The acquisition is being undertaken on an arm's length basis.
• · No governmental or regulatory approvals are required for the acquisition.

03-07-2026

Sikozy Realtors Limited has received NCLT and ROC approval for a 90% reduction of its paid-up equity share capital, from ₹4,45,83,000 (4,45,83,000 equity shares of Re.1 each) to ₹44,58,300 (44,58,300 equity shares of Re.1 each). The reduction amount of ₹4,01,24,700 will be used to write off accumulated losses and rationalize the capital structure. This is a capital restructuring event, not an insolvency proceeding.

• · NCLT Mumbai Bench order dated 18 June 2026 approved the scheme.
• · ROC issued Certificate of Registration on 2 July 2026.
• · Special resolution for reduction was passed on 8 August 2025.
• · The reduction is 90% of paid-up equity share capital on a proportionate basis.

03-07-2026

Lord's Mark Industries Ltd acquired a 30% equity stake in Aivita Private Limited, a healthcare technology company focused on robotic surgery, for a cash consideration of ₹3,00,000. The acquisition is a strategic investment to strengthen India's healthcare ecosystem through advanced medical technologies and is expected to make Aivita an associate company. No financial details of Aivita are available as it was incorporated in April 2026.

• · Aivita Private Limited was incorporated on 23 April 2026 with an Authorised Share Capital of ₹25,00,000 and Paid-up Share Capital of ₹10,00,000.
• · The acquisition is not a related party transaction.
• · No governmental or regulatory approvals are required for the acquisition.
• · The acquisition consideration is cash, and the price per share is ₹10.

03-07-2026

SEBI has issued an order against Mediaone Global Entertainment Ltd. and six individuals for alleged financial irregularities, including diversion of funds and falsification of books, following a probe into Eros International Media Ltd. The investigation found that Eros wrote off ₹63.61 crore in advances to Mediaone during FY2019-20, an amount exceeding Mediaone's total asset base. Mediaone's reserves collapsed from ₹41.90 Crore (FY2013-14) to negative ₹49.53 Crore (FY2023-24), and revenue fell from ₹178.50 Crore (FY2013-14) to below ₹1 Crore during liquidation years (FY2016-17 to FY2021-22). However, post-liquidation, revenue surged to ₹21.35 Crore (FY2022-23) and ₹19.82 Crore (FY2023-24), with the company turning profitable (₹3.80 Crore and ₹3.74 Crore), but SEBI alleges this was due to overstated revenue and fictitious transactions with a related party.

• · Trading in MGEL shares was suspended by BSE from June 27, 2016 to May 3, 2022 for non-compliance of listing regulations.
• · The company was under liquidation from September 9, 2015 until January 25, 2023 per Madras High Court orders.
• · Share price rose from ₹8.19 (May 5, 2022) to a high of ₹65.13 (Aug 14, 2023) — a ~7x increase in 15 months — before declining to ₹32.50 (Dec 31, 2024).
• · Promoter Shri Pathee Investments Pvt. Ltd. transferred its 51.32% stake to PPG International Ltd, UK, which is owned and controlled by Mr. J Murali Manohar.
• · PPG International Ltd was also the counterparty for fictitious revenue recorded in FY2022-23 and FY2023-24.
• · SEBI appointed forensic auditors SKVM & Co. to examine bank statements, film rights ownership, ledger balances, and journal entries.

03-07-2026

BIL Vyapar Limited (formerly Binani Industries Limited), currently under Corporate Insolvency Resolution Process (CIRP), has informed stock exchanges that the fifteenth meeting of the Committee of Creditors (CoC) will be held on July 3, 2026. This disclosure is made under Regulation 30 of SEBI LODR, indicating ongoing insolvency proceedings with no resolution or liquidation outcome yet disclosed.

• · Company is under CIRP (Corporate Insolvency Resolution Process).
• · Fifteenth meeting of Committee of Creditors scheduled for July 3, 2026.
• · Formerly known as Binani Industries Limited.
• · Corporate office located at Mercantile Chambers, Ballard Estate, Mumbai.

03-07-2026

MT Educare Limited disclosed defaults on loan payments as of June 30, 2026, with total outstanding debt of ₹32.33 crore and no new defaults reported during the quarter. The company remains under Corporate Insolvency Resolution Process (CIRP) since December 2022, and additionally faces invoked corporate guarantees totaling ₹23.99 crore from Axis Bank and Asset Care & Reconstruction Enterprise Limited. A disputed corporate guarantee claim of ₹49.72 crore from Shamrao Vithal Co-op Bank has been rejected by NCLT but is under appeal at NCLAT.

• · CIRP commenced on December 16, 2022, under the Insolvency and Bankruptcy Code, 2016.
• · Committee of Creditors was constituted on August 21, 2023.
• · Mr. Arihant Nenawati was appointed as Resolution Professional on January 22, 2024, replacing Mr. Ashwin Bhavanji Shah.
• · No changes have occurred in previously submitted default information due to ongoing CIRP proceedings.
• · The loan previously held by Assets Care & Reconstruction Enterprises Limited was reassigned to Prudent ARC Limited on August 11, 2023.

03-07-2026

The Committee of Independent Directors of TMT (India) Limited has concluded that the open offer from Yoga Builders Private Limited, Scaffold Properties Private Limited, and Mk Profinlease Private Limited to acquire up to 12,87,988 equity shares (26% of voting capital) at ₹10 per share is fair and reasonable. The offer was made pursuant to a public announcement dated April 20, 2026, and a detailed public statement published on April 27, 2026.

• · The Committee of Independent Directors meeting was held on July 03, 2026.
• · The public announcement was made on April 20, 2026, and the detailed public statement was published on April 27, 2026.
• · The Letter of Offer is dated June 24, 2026.
• · The offer price is ₹10 per fully paid-up equity share of face value ₹10 each.
• · The registered office of TMT (India) Limited is in Hyderabad, Telangana.

03-07-2026

Spectra Industries Ltd. has announced that the 27th meeting of the Committee of Creditors (CoC) will be held on July 3, 2026, via video conference. The agenda includes updates on the Corporate Insolvency Resolution Process (CIRP), renewal of insurance policy, and approval of CIRP costs incurred to date. The meeting underscores the company's ongoing insolvency proceedings under the resolution professional, Kamal Kishore Gurnani, appointed by the NCLT Mumbai.

• · The meeting is the 27th meeting of the Committee of Creditors.
• · The resolution professional was appointed by the NCLT Mumbai order dated 16 June 2023.
• · The company's IBBI registration number is IBBI/IPA-001/IP/P-01463/2018-2019/12338.
• · CIRP costs incurred to date will be voted upon after discussion.

03-07-2026

Simbhaoli Sugars Limited has received a letter from Punjab National Bank (PNB) declaring its loan account as 'Fraud' on grounds of misappropriation of funds, criminal breach of trust, and forgery. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) since July 11, 2024, and management asserts that the fraud classification will have no material impact due to protections under the Insolvency and Bankruptcy Code (IBC), including Section 32A immunity upon approval of a resolution plan. The account had already been classified as fraud in an earlier year, and related CBI and PMLA proceedings are underway.

• · The fraud classification letter from PNB is dated April 20, 2026, and was received by the company on April 30, 2026.
• · The company's CIRP commenced on July 11, 2024, under the IBC, and the matter is currently reserved for order by the Hon'ble NCLAT as of May 13, 2026.
• · The fraud classification is based on a second review by the member lender bank following directions from courts and RBI.
• · The account had already been classified as fraud in an earlier year, leading to a CBI complaint and ongoing PMLA proceedings.
• · The company claims immunity under Section 32A of the IBC upon approval of a resolution plan by NCLT, which would protect against liability for offences committed prior to CIRP.

03-07-2026

SEBI has issued a Notice of Demand for Recovery Certificate No. RC 9194 of 2026 against Trdez Investment Private Limited, ordering compliance in a recovery proceeding. The filing indicates an enforcement action by the regulator, but no financial amounts or specific violations are disclosed in the notice.

• · The recovery certificate number is RC 9194 of 2026.
• · The notice is dated July 03, 2026.
• · The proceeding is categorized under 'Recovery Proceedings' by SEBI.

03-07-2026

Amber Enterprises India Limited's material subsidiary, IL JIN Electronics (India) Private Limited, acquired an additional 1.00% equity stake in Ascent Circuits Private Limited for approximately ₹8 Crore on July 3, 2026. This transaction increases IL JIN's shareholding in Ascent from 97.50% to 98.50%, further consolidating its control over the step-down subsidiary. While the acquisition size is modest, it underscores Amber's strategic focus on strengthening its electronics components business; however, no details on Ascent's financial performance or the strategic rationale were provided.

• · The acquisition was completed on July 3, 2026, following an earlier intimation dated June 18, 2026.
• · The transaction was disclosed under Regulation 30 of SEBI (LODR) Regulations, 2015.
• · IL JIN Electronics is a material subsidiary of Amber Enterprises India Limited.
• · Ascent Circuits Private Limited is a step-down subsidiary (subsidiary of IL JIN).
• · No material financial or strategic changes were disclosed beyond the ownership increase.

03-07-2026

Ashika Global Securities Limited (formerly Ashika Credit Capital Ltd) has approved an investment of up to ₹26,000 to acquire a 26% equity stake in Resurgent India Rating Private Limited (RIRPL), a newly incorporated credit rating agency. The acquisition is part of the company's strategic expansion into the financial services sector and is expected to be completed by December 31, 2026. The target entity has no current turnover and a paid-up capital of ₹1,00,000, indicating a nascent stage of operations.

• · The Finance Committee meeting was held on July 3, 2026, from 5:00 PM to 5:30 PM.
• · The acquisition is a cash consideration transaction at face value of ₹10 per share.
• · Resurgent India Rating Private Limited was incorporated on February 3, 2026, in Gurgaon, Haryana.
• · The transaction does not fall under related party transactions.
• · No governmental or regulatory approvals are required for the acquisition.

03-07-2026

Sri Lotus Developers and Realty Limited has approved subscription to equity shares of its three wholly owned subsidiaries — Veera Desai Projects Private Limited, Dhiti Projects Private Limited, and Prasati Projects Private Limited — via a rights issue, for a total cash consideration of ₹4,91,00,000 (₹4.91 Crore). The investment is aimed at expanding the company's real estate business and meeting working capital requirements. Notably, all three subsidiaries reported nil turnover for the last three financial years, indicating the investment is in early-stage or dormant entities.

• · All three subsidiaries have reported nil turnover for FY 2023-24, FY 2024-25, and FY 2025-26.
• · The transaction is exempt from related party provisions under Regulation 23(5) of SEBI Listing Regulations.
• · Completion of the acquisition is expected on or before July 11, 2026.
• · The investment is in the form of 100% subscription to equity shares for cash consideration.

03-07-2026

Elpro International Ltd has acquired 3,47,585 equity shares of Greaves Cotton Limited for a cash consideration of INR 7.85 Crore, increasing its total holding to 8,09,160 equity shares. The acquisition is for investment purposes and is not a related party transaction. Greaves Cotton, a 165-year-old diversified engineering company, reported a consolidated turnover of INR 3,486.61 Crore for FY 2025-26, up from INR 2,973.10 Crore in the prior year, reflecting a 17.3% increase.

• · Greaves Cotton Ltd was incorporated on 29/03/1922 and has a legacy of 165 years.
• · The acquisition is a cash consideration and not a related party transaction.
• · No governmental or regulatory approvals are required for the acquisition.
• · Greaves Cotton's other income declined from INR 64.76 Cr in FY 2023-24 to INR 49.99 Cr in FY 2025-26.

03-07-2026

Prozone Realty Limited has completed the acquisition of a 17.507% stake in Gajaanan Property Developers Private Limited from Festival Valley Developers Private Limited, as announced on July 3, 2026. The transaction, previously intimated on April 28, 2026, has now been successfully closed. No financial details of the acquisition were disclosed in this filing.

• · The acquisition was completed on July 3, 2026.
• · The seller was Festival Valley Developers Private Limited.
• · The target entity is Gajaanan Property Developers Private Limited.
• · No consideration or financial terms were disclosed in this filing.

03-07-2026

SecMark Consultancy Limited announced the proposed incorporation of a wholly owned subsidiary, SECMARK FINANCIAL AGGREGATION PRIVATE LIMITED, approved by the Board on July 3, 2026. The subsidiary will operate as an Account Aggregator (Non-Banking Financial Company) under RBI guidelines, with an initial capital commitment of ₹1,00,000 for 10,000 equity shares. The move expands SecMark's fintech capabilities but carries regulatory approval risk from the RBI.

• · The subsidiary will be incorporated in India and is 100% owned by SecMark Consultancy Limited.
• · The business requires obtaining a Certificate of Registration from the Reserve Bank of India.
• · The initial capital outlay is ₹1,00,000 for 10,000 equity shares of ₹10 each.
• · The filing was made under Regulation 30 of SEBI LODR Regulations, 2015.

03-07-2026

Prestige Estates Projects Limited has entered into an investment agreement on July 3, 2026 to acquire a 50% stake in Advent Convention and Hotels International Limited for a cash consideration of up to ₹504 Crore. The target entity, incorporated in 2024, has nil turnover for the last two fiscal years and is developing a commercial project in Mumbai with a gross development value of approximately ₹4,500 Crore. The acquisition is expected to be completed within 45 days and does not involve any related party transactions.

• · The target entity, Advent Convention and Hotels International Limited, was incorporated in 2024 and has nil turnover for FY 2024-25 and FY 2025-26.
• · The commercial project is located on lands admeasuring 21,978.22 sq. mts. at Sahar, Village – Andheri, Taluka – Andheri East, District – Mumbai Suburban District.
• · The project entails a total leasable area of approximately 1.50 million sq. ft.
• · The acquisition is expected to be completed within 45 days from the date of the agreement unless otherwise mutually agreed.
• · The promoter/promoter group of the Company have no interest in this transaction.

03-07-2026

Samvardhana Motherson International Limited, through its indirect wholly owned subsidiary Motherson Global Investments B.V., completed the acquisition of the Autoelectric business (Nexans autoelectric GmbH and Elektrokontakt GmbH and their foreign subsidiaries) on July 3, 2026. The acquisition adds 15 step-down subsidiaries across the United States, Mexico, China, Tunisia, Ukraine, Romania, Slovakia, Czech Republic, and Switzerland. No financial terms or performance metrics were disclosed in this filing.

• · The acquisition was initially disclosed on December 22, 2025 and updated on June 30, 2026.
• · Post completion, Autoelectric became an indirect wholly owned subsidiary of Samvardhana Motherson International Limited.
• · The acquired subsidiaries are located in: United States, Mexico, China, Tunisia, Ukraine, Romania, Slovakia, Czech Republic, and Switzerland.

03-07-2026

Cressanda Railway Solutions Limited disclosed a cyber fraud incident involving an ex-employee, Mr. Devendra Jha, and the head of its outsourced IT vendor, Mr. Kamlesh of M/s Ocean IT Solutions, who fraudulently registered the domain www.cressandarailway.com and created a fake email ID info@cressandarailway.com to impersonate the company. The fraudulent communications targeted key government clients, including Eastern Railway and a Maharashtra Government department. The company has terminated vendor access, initiated a cybersecurity audit, and is filing legal complaints under the IT Act and IPC, while disclaiming any liability from the fraudulent domain.

• · The fraudulent domain and email ID are entirely unauthorized and do not belong to the company.
• · The company has issued urgent official communications to Eastern Railway and the relevant Maharashtra Government departments to alert them of the impersonation.
• · All administrative and network access provided to M/s Ocean IT Solutions and Mr. Kamlesh has been terminated.
• · A formal complaint is being filed with the Cyber Crime Cell under the Information Technology Act, 2000, and Indian Penal Code.
• · Legal proceedings for trademark infringement and corporate identity theft are being initiated.

03-07-2026

SIS Limited acquired an additional 1,96,289 equity shares of Updater Services Limited (UDS) for INR 3.79 crore, increasing its aggregate shareholding to 34,63,473 equity shares (5.17% of UDS's paid-up equity capital). The acquisition is part of SIS's ongoing treasury management operations and was completed on July 3, 2026. UDS, an integrated facilities management and business support services company, reported a turnover of INR 1,762.41 crore for FY2026, up from INR 1,591.73 crore in FY2025 and INR 1,417.12 crore in FY2024, indicating consistent revenue growth.

• · The acquisition does not constitute a related party transaction; promoter/promoter group/group companies have no interest in UDS.
• · UDS was incorporated on November 13, 2003, under the Companies Act, 1956, with CIN L74140TN2003PLC051955.
• · UDS's registered office is at 1st Floor, No. 42, Gandhi Mandapam Road, Kotturpuram, Chennai – 600085, Tamil Nadu, India.
• · No governmental or regulatory approvals were required for the acquisition.

03-07-2026

Inventurus Knowledge Solutions Limited announced the execution of definitive agreements for the acquisition of TruBridge, Inc. by its wholly-owned subsidiary IKS Inc., including a facilities agreement with lenders such as Citigroup, Deutsche Bank, and JPMorgan, a pledge and security agreement, and a letter of comfort. The filing updates prior communications from April 23, 2026 and July 2, 2026, but does not disclose the financial terms of the acquisition or the facilities.

• · The Facilities Agreement was executed on July 3, 2026, with multiple arrangers and original lenders including Citibank, Deutsche Bank, and JPMorgan.
• · A pledge and security agreement was executed by the Company with Axis Trustee Services Ltd. as Security Agent.
• · A power of attorney was executed appointing the Security Agent as agent and attorney-in-fact of the Company.
• · A letter of comfort was issued by the Company confirming oversight on IKS Inc.'s governance, capital management, and investment strategies.

04-07-2026

EPL Limited invested an additional 4,95,00,000 Thai Baht (equivalent to ₹144.54 Million) in its wholly-owned subsidiary EPL Packaging (Thailand) Co. Ltd. (EPTL) on July 3, 2026, for subscription of 4,85,100 shares. The investment aims to support EPTL's growth in manufacturing and trading of laminated tubes in Thailand, with completion expected by August 14, 2026. EPTL, incorporated in February 2025, reported a turnover of 16,159,093.60 Thai Baht for FY 2025-26, with no prior turnover as it was newly established.

• · EPTL was incorporated on February 4, 2025.
• · EPTL's turnover for FY 2025-26 was 16,159,093.60 Thai Baht; no turnover for FY 2024-25 and FY 2023-24 as it was newly incorporated.
• · The investment is a related party transaction conducted at arm's length.
• · Post-investment, EPL holds 99% and LTL holds 1% of EPTL, maintaining EPTL as a wholly-owned subsidiary.
• · Completion of formalities expected by August 14, 2026.