Kanoria Chemicals Changes RTA to MUFG Intime
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.

*this image is generated using AI for illustrative purposes only.
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 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 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?


































