Kanoria Chemicals Changes RTA to MUFG Intime

4 min read     Updated on 15 May 2026, 07:44 AM
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Kanoria Chemicals & Industries Limited informed the exchanges that its Registrar and Share Transfer Agent (RTA) has changed to MUFG Intime India Private Limited effective May 8, 2026, following the merger of the former RTA, CB Management Services Private Limited, with MUFG Intime. The merger, sanctioned by the Regional Director (WR), Registrar of Companies, Mumbai, under Section 233 of the Companies Act, 2013, was effective from an appointed date of April 1, 2025. The company confirmed that there is no change in services rendered to shareholders and investors, and activities will continue seamlessly.

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In a regulatory filing dated 14th May, 2026, Kanoria Chemicals & Industries Limited informed the BSE Limited and the National Stock Exchange of India Limited that its Registrar and Share Transfer Agent (RTA) has been changed from CB Management Services Private Limited to MUFG Intime India Private Limited, effective 8th May, 2026. The change is a direct consequence of a formally confirmed scheme of merger between the two RTA entities, and the company has assured its shareholders and investors that there will be no disruption in services.

Change in Registrar and Share Transfer Agent

The key details of the RTA transition are summarised below:

Parameter: Details
Previous RTA: CB Management Services Private Limited
New RTA: MUFG Intime India Private Limited
SEBI Registration No.: INRO00004058
Effective Date: 8th May, 2026
New Investor Helpdesk Email: Investor.helpdesk@in.mpms.mufg.com

Kanoria Chemicals & Industries confirmed that the name of the company's RTA now stands changed to MUFG Intime India Private Limited following the merger of CB Management Services Private Limited into MUFG Intime India Private Limited. The company also noted that there is no change in the services rendered to the shareholders and investors, and that RTA activities shall continue seamlessly under the new name.

Merger of CB Management Services with MUFG Intime India

The RTA change is the result of a Scheme of Merger by Absorption of CB Management Services Private Limited (Transferor Company) with MUFG Intime India Private Limited (Transferee Company), formerly known as Link Intime India Private Limited. The scheme was sanctioned under Section 233 of the Companies Act, 2013, and confirmed by the Regional Director (WR), Registrar of Companies, Mumbai, vide order bearing No. RD/WR/Sec.233/MUFG/AC2438148/2026.

The key details of the merger confirmation are as follows:

Parameter: Details
Transferor Company: CB Management Services Private Limited
Transferee Company: MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
Transferor CIN: U74140MH1994PTC429689
Transferee CIN: U67190MH1999PTC118368
Appointed Date: 01/04/2025
Confirming Authority: Regional Director (WR), Registrar of Companies, Mumbai
Order Date: April 2026

The Transferor Company, CB Management Services Private Limited, was incorporated on 20th April, 1994, and was engaged in the business of share registration, registrar to issues, share transfer agency, and related financial and advisory services. The Transferee Company, MUFG Intime India Private Limited, was incorporated on 16th February, 1999, and carries on the business of registrars and share transfer agents, managers to issues, advisors to issues, and depository participants. Notably, CB Management Services Private Limited was a wholly-owned subsidiary of MUFG Intime India Private Limited, with the Transferee Company holding 100% of the paid-up share capital of the Transferor Company.

Share Capital of the Merging Entities

The authorized, issued, subscribed, and paid-up share capital of both companies as on 01st March, 2025 was as follows:

Transferor Company — CB Management Services Private Limited

Particulars: Amount (Rs.)
Authorized Share Capital — 2,50,000 Equity Shares of Rs. 10/- each: 25,00,000
Authorized Share Capital — 17,000 Redeemable Preference Shares of Rs. 100/- each: 17,00,000
Total Authorized Share Capital: 42,00,000
Issued, Subscribed and Paid-Up — 92,500 Equity Shares of Rs. 10/- each, fully paid up: 9,25,000
Total Paid-Up Share Capital: 9,25,000

Transferee Company — MUFG Intime India Private Limited

Particulars: Amount (Rs.)
Authorized Share Capital — 91,11,500 Equity Shares of Rs. 10/- each: 9,11,15,000
Total Authorized Share Capital: 9,11,15,000
Issued, Subscribed and Paid-Up — 30,33,936 Equity Shares of Rs. 10/- each: 3,03,39,360
Total Paid-Up Share Capital: 3,03,39,360

Upon the scheme becoming effective, the authorized share capital of the Transferee Company stands enhanced by combining the authorized capital of the Transferor Company with that of the Transferee Company. The capital clause of the Memorandum of Association of the Transferee Company stands substituted to reflect an authorized share capital of Rs. 9,36,15,000/- (Rupees Nine Crore Thirty-Six Lakh Fifteen Thousand only) divided into 93,61,500 Equity Shares of Rs. 10/- each, and Rs. 17,00,000/- (Rupees Seventeen Lakh Only) divided into 17,000 Preference Shares.

Rationale for the Merger

The merger was undertaken to achieve economies of scale and efficiency, and to reduce the multiplicity of costs, given that CB Management Services Private Limited was a wholly-owned subsidiary of MUFG Intime India Private Limited. The key stated benefits of the merger include:

  • Greater integration and financial strength for the Transferee entity
  • Greater efficiency in cash management and deployment of cash flows
  • Improved organizational capability through pooling of human capital
  • Cost savings from rationalization, standardization, and simplification of business processes
  • Greater ability to raise financial resources based on combined financials
  • No adverse impact on directors, key managerial personnel, promoters, shareholders, creditors, vendors, or employees of either company

Kanoria Chemicals & Industries has stated that the above information will be updated on the company's website at www.kanoriachem.com .

Source: None/Company/INE138C01024/f8b4b4aed5444478.pdf

Historical Stock Returns for Kanoria Chemicals & Industries

1 Day5 Days1 Month6 Months1 Year5 Years
-0.20%-0.63%+35.98%+28.00%+7.67%-22.76%

How might MUFG Intime India's expanded scale following the CB Management Services merger affect its competitive positioning against other major RTAs like KFin Technologies and CAMS in India?

Will Kanoria Chemicals & Industries consider any broader corporate restructuring or investor relations improvements in conjunction with this RTA transition?

Could the consolidation trend among RTA service providers in India lead to further mergers or acquisitions in the registrar and share transfer industry, potentially reducing competition?

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Kanoria Chemicals Files Insider Trading Disclosure for Rs 49.50 Crore Preference Shares

1 min read     Updated on 23 Apr 2026, 02:40 AM
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Kanoria Chemicals & Industries Limited submitted regulatory disclosure under SEBI insider trading regulations following the allotment of 4,95,000 unlisted preference shares worth Rs 49.50 crore to promoter group entity R.V. Investment and Dealers Limited. The company completed all compliance requirements with proper documentation filed with stock exchanges.

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Kanoria Chemicals & Industries Limited has completed regulatory filings following the allotment of Non-Convertible Redeemable Preference Shares worth Rs 49.50 crore to its promoter group entity. The company submitted mandatory disclosure under SEBI (Prohibition of Insider Trading) Regulations, 2015 on 22nd April 2026.

Regulatory Disclosure Filing

The board of directors had approved the allotment of 7% Non-Convertible, Non-Cumulative, Non-Participating, Redeemable Preference Shares (NCRPS) during their meeting held on 18th April 2026. Following the allotment, the company filed the required disclosure with stock exchanges as per Regulation 7(2) of SEBI insider trading regulations.

Preference Share Allotment Details

The company has provided comprehensive details of the preference share issuance:

Parameter: Details
Securities Type: 7% Non-Convertible, Non-Cumulative, Non-Participating, Redeemable Preference Shares (NCRPS)
Number of Shares: 4,95,000 NCRPS
Face Value: Rs 1,000 per share
Total Consideration: Rs 49.50 crore
Allottee: R. V. Investment and Dealers Limited (Promoter Group Entity)
Issue Type: Preferential allotment by way of private placement
Allotment Date: 20th April 2026

Promoter Group Holdings Update

R. V. Investment and Dealers Limited, classified as part of the promoter group, received the entire allotment of unlisted preference shares. The entity maintains its existing equity shareholding of 32,10,120 shares representing 7.35% of the company's listed equity shares. Post-allotment, R. V. Investment holds 100% of the unlisted Non-Convertible Preference Shares.

Compliance and Documentation

The allotment was conducted in accordance with SEBI regulations, with proper documentation submitted to both NSE and BSE. R. V. Investment and Dealers Limited filed Form C under the insider trading regulations on 21st April 2026, acknowledging receipt of the preference shares. The company secretary Pratibha Jaiswal signed the regulatory disclosure on behalf of Kanoria Chemicals & Industries Limited.

The preference shares are structured as unlisted securities with a 7% dividend rate and redemption provisions. This capital raising exercise strengthens the company's financial position through the infusion of Rs 49.50 crore from its promoter group entity.

Historical Stock Returns for Kanoria Chemicals & Industries

1 Day5 Days1 Month6 Months1 Year5 Years
-0.20%-0.63%+35.98%+28.00%+7.67%-22.76%

What specific growth initiatives or capital expenditure projects will Kanoria Chemicals fund with the Rs 49.50 crore infusion?

How might this preference share structure impact the company's debt-to-equity ratio and overall cost of capital going forward?

Will Kanoria Chemicals consider similar preferential allotments to external investors or maintain exclusive promoter group funding?

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1 Year Returns:+7.67%