Demergers & amalgamations

Every company here filed a step of a scheme of arrangement inside the window: a demerger or amalgamation approved by the board, an exchange observation letter, a court-convened shareholder or creditor meeting, the NCLT's sanction, or the record date that makes it real. The filing on each row shows which stage the scheme has reached.

Window30 days 90 days 180 daysSizeAll sizes Large cap Mid cap Small capProfitable only

ReactionRaw vs market vs sectorSortMost recent Best 1-week vs market Largest first66 companies · 103 filings in 30 daysExcelpaid plans

Company	Why it’s here — the filing	vs market · Next day / 1w / 1m	Price	Mcap	P/E	ROCE	Rev YoY
AequsAerospace & Defense	Tribunal sanctions Aequs merger with three group companies6 Nov 2026Scheme filed with the NCLT	pending	₹220	14,751 Cr	—	-4.5%	—
Hindware HME InovatonSanitary Ware	National Company Law Tribunal clears business split and merger6 Nov 2026Scheme filed with the NCLT	pending	₹168	1,406 Cr	—	-0.7%	+17.7%
GFLHolding Company	NCLT sanctions absorption of wholly owned INOX Infrastructure6 Nov 2026Scheme filed with the NCLT×2	pending	₹51.8	569 Cr	9.4vs 11.1	—	+12.3%
Ashok LeylandCommercial Vehicles	NCLT approves merger of Hinduja Leyland Finance into NDL Ventures5 Nov 2026Scheme filed with the NCLT×2	pendingraw +1.0% reaction day	₹172	1.01 L Cr	29.1	7.5%	+11.6%
Gujarat EnergyLPG/CNG/PNG/LNG Supplier	0.8 million tonne yearly LNG sourcing approved; Q2 profit rises 22% to Rs 639 crore5 Nov 2026Demerger ratio announced	pendingraw -3.5% reaction day	₹217	20,322 Cr	9.2vs 12.9	8.8%	+147.7%
GO Digit General InsGeneral Insurance	Shareholders approve Go Digit Infoworks amalgamation5 Nov 2026Scheme filed with the NCLT×3	pendingraw -4.4% reaction day	₹249	23,004 Cr	161.6	—	—
Thomas CookTour Travel Related Services	Tribunal admits Thomas Cook restructuring at 81:100 share ratio5 Nov 2026Demerger ratio announcedScheme filed with the NCLT	pending — —raw +12.3 — —vs Nifty Microcap 250	₹101	4,749 Cr	23.1vs 26.3	4.7%	-6.3%
Mindpool TechnologiesMINDPOOL	NCLT allows Mindpool and S A Tech amalgamation; shareholder vote pending4 Nov 2026Scheme filed with the NCLT	pending	₹71.1	30 Cr	79.0	2.6%	—
Narayana HrudayalayaHospital	NCLT sanctions demerger of clinical services undertaking4 Nov 2026Scheme filed with the NCLT	pendingraw -1.1% reaction day	₹1,901	38,839 Cr	45.0vs 44.3	5.4%	+73.0%
Parag Milk FoodsDairy Products	Parag Milk Foods board approves merger of wholly owned subsidiary3 Nov 2026Scheme filed with the NCLT	pending — —raw +29.1 — —vs Nifty Microcap 250	₹328	4,100 Cr	32.5vs 27.4	5.0%	+23.1%
Dalmia Bharat SUG INSugar	Dalmia Bharat Sugar approves demerger of Hippostores technology business3 Nov 2026Demerger ratio announced	pending — —raw +14.1 — —vs Nifty Microcap 250	₹474	3,837 Cr	15.4vs 15.0	2.5%	+26.1%
Tata SteelIron & Steel	Tata Steel amalgamation with Rujuvalika becomes effective3 Nov 2026Scheme filed with the NCLT×2	-0.7% — —raw +1.6 — —vs Nifty 100	₹186	2.33 L Cr	21.1vs 13.0	7.6%	+14.3%
BirlanuOther Construction Materials	BirlaNu to set up wholly owned digital platform subsidiary2 Nov 2026Scheme filed with the NCLT	-8.0% — —raw -5.6 — —vs Nifty Microcap 250	₹1,250	946 Cr	—	-1.7%	+9.2%
JSW SteelIron & Steel	Piombino Steel merger with JSW Steel becomes effective1 Nov 2026Scheme filed with the NCLT×2	+2.5% — —raw +5.7 — —vs Nifty 100	₹1,357	4.14 L Cr	11.7vs 13.0	7.1%	+20.7%
Shish IndustriesPlastic Products - Industrial	National Company Law Tribunal directs vote on merger of two wholly owned companies31 Oct 2026Scheme filed with the NCLT	-8.1% — —raw -6.4 — —vs Nifty Microcap 250	₹11.78	497 Cr	1178.0vs 14.9	-0.2%	+36.3%
Taneja Aerospace & AviaAerospace & Defense	TAAL board approves Katra Auto merger effective April 202730 Oct 2026Scheme filed with the NCLT×2	-1.4% — —raw +0.3 — —vs Nifty Microcap 250	₹306	781 Cr	46.5vs 73.2	13.4%	-6.8%
Niyogin FintechNon Banking Financial Company (NBFC)	Secured creditors review Niyogin composite scheme30 Oct 2026Scheme filed with the NCLT×2	+4.0% — —raw +2.9 — —vs Nifty Microcap 250	₹45	501 Cr	—	—	-19.8%
Pradeep MetalsAuto Components & Equipments	NCLT approves Nami Capital amalgamation with Pradeep Metals29 Oct 2026Scheme filed with the NCLT	-3.8% — —raw -4.9 — —vs Nifty Microcap 250	₹581	1,003 Cr	33.1vs 25.4	20.9%	+4.5%
MTAR TechnologiesOther Electrical Equipment	Tribunal sanctions merger of two wholly owned MTAR subsidiaries29 Oct 2026Scheme filed with the NCLT	-7.7% — —raw -8.3 — —vs Nifty Smallcap 250	₹5,449	16,759 Cr	125.6vs 22.5	12.4%	+130.4%
TVS Motor Company2/3 Wheelers	TVS Motor buys Harita ARC and moves consumer finance business into it28 Oct 2026Demerger ratio announced×2	+3.8% pending —raw +4.7 +9.9 —vs Nifty 100	₹4,492	2.13 L Cr	55.8vs 36.5	10.5%	+38.6%
Tilak VenturesInvestment Company	Board approves 7:3 split of commodities trading into Tilak Jewels27 Oct 2026Demerger ratio announced×2	-0.7% — —raw 0.0 — —vs Nifty Microcap 250	₹1.29	172 Cr	2.7vs 20.9	4.1%	-43.0%
Waaree EnergiesOther Electrical Equipment	Waaree acquires data centre arm; Q2 profit Rs 754 crore27 Oct 2026Scheme filed with the NCLT	+0.7% — —raw +1.9 — —vs Nifty Midcap 150	₹2,438	70,129 Cr	19.0vs 22.5	10.2%	+23.9%
EFC (I)Diversified Commercial Services	NCLT sets 27 November 2026 final hearing for EFCIL demerger27 Oct 2026Scheme filed with the NCLT	+0.3% — —raw +1.0 — —vs Nifty Microcap 250	₹165	2,434 Cr	8.3vs 14.6	8.8%	+30.4%
Share Ind. SecuritiesStockbroking & Allied	Tribunal approves revised start date for Silverleaf merger27 Oct 2026Scheme filed with the NCLT	+0.2% — —raw +0.9 — —vs Nifty Microcap 250	₹185	4,046 Cr	8.0vs 16.1	—	+146.8%
Privi Speciality CheSpecialty Chemicals	Privi shareholders approve merger of two private companies27 Oct 2026Scheme filed with the NCLT	+0.5% pending —raw +3.0 -3.2 —vs Nifty Smallcap 250	₹3,362	13,133 Cr	35.2vs 21.9	12.2%	+12.0%
Samvrdhna MTHRSN IntlAuto Components & Equipments	NCLT approves Motherson group composite reorganisation26 Oct 2026Scheme filed with the NCLT	+4.2% pending —raw +4.3 +8.6 —vs Nifty 100	₹159	1.67 L Cr	35.4vs 25.4	4.2%	+26.9%
P O C L EnterprisesCommodity Chemicals	POCL shareholders to vote on Planetfirst Green amalgamation26 Oct 2026Scheme filed with the NCLT×4	-4.9% pending —raw -3.1 +1.4 —vs Nifty Microcap 250	₹111	343 Cr	7.8vs 17.1	25.7%	—
Venmax Drugs and PharmaceuticaPharmaceuticals	Shareholders approve Hatri Pharma amalgamation with Venmax26 Oct 2026Scheme filed with the NCLT	-8.9% pending —raw -7.1 +1.7 —vs Nifty Microcap 250	₹13.9	16 Cr	33.9vs 29.3	2.0%	+104.9%
Ekam Leasing & Finance Co.ltd.Diversified Commercial Services	Amalgamation hearing moved to 14 December 202626 Oct 2026Scheme filed with the NCLT	-0.0% pending —raw +1.8 +10.0 —vs Nifty Microcap 250	₹9.45	6 Cr	—	—	+394.1%
Mankind PharmaPharmaceuticals	Board approves amalgamation of two wholly owned subsidiaries26 Oct 2026Scheme filed with the NCLT	+11.1% +8.6% —raw +13.1 +14.8 —vs Nifty Midcap 150	₹2,540	1.05 L Cr	46.8vs 29.3	7.3%	+17.3%
Agribio SpiritsBreweries & Distilleries	Shareholders approve Agribiotech Industries amalgamation26 Oct 2026Scheme filed with the NCLT×2	-1.9% +0.8% —raw +0.3 +5.0 —vs Nifty Microcap 250	₹311	338 Cr	78.9vs 26.2	1.8%	-91.4%
Rudra EcovationOther Textile Products	Cross-holdings cancelled under effective Rudra-Shiva Texfabs amalgamation24 Oct 2026Scheme filed with the NCLT×3	-6.1% -10.0% —raw -3.9 -5.7 —vs Nifty Microcap 250	—	—	—	-1.9%	-94.3%
Network18 Media & InvMedia & Entertainment	NCLT approves merger of News18 Marathi with Network18 Media23 Oct 2026Scheme filed with the NCLT	-0.4% +8.4% —raw +1.7 +12.6 —vs Nifty Microcap 250	₹26.8	4,133 Cr	—	-2.5%	+9.4%
Arisinfra SolutionsOther Construction Materials	Arisunitern merger: National Company Law Tribunal meeting on November 25, 202623 Oct 2026Scheme filed with the NCLT×3	+4.7% +7.3% —raw +6.9 +11.5 —vs Nifty Microcap 250	₹146	1,197 Cr	16.1vs 28.9	7.1%	+27.6%
Ugro CapitalNon Banking Financial Company (NBFC)	UGRO Capital Profectus merger hearing set for 20 November 202622 Oct 2026Scheme filed with the NCLT	-3.0% -12.0% —raw -4.9 -12.3 —vs Nifty Microcap 250	₹71.5	1,093 Cr	5.0vs 17.6	—	—
Jindal StainlessIron & Steel	Board okays Q2 results, scheme to merge 4 wholly-owned subsidiaries22 Oct 2026Scheme filed with the NCLT	-1.7% -6.5% —raw -2.8 -4.2 —vs Nifty Midcap 150	₹700	57,694 Cr	17.3vs 13.0	8.0%	+18.2%
Shyam Metalics and EngyIron & Steel Products	Tribunal approves merger of wholly owned electrocast unit into Shyam Sel and Power22 Oct 2026Scheme filed with the NCLT	-0.9% +1.5% —raw -4.7 +1.2 —vs Nifty Smallcap 250	₹1,300	36,191 Cr	26.4vs 15.8	8.2%	+33.7%
NBCCCivil Construction	NBCC: Corrigendum to MCA order on HSCC merger scheme21 Oct 2026Scheme filed with the NCLT	-1.1% +6.8% —raw -5.0 +6.5 —vs Nifty Smallcap 250	₹78	21,060 Cr	26.6vs 13.5	13.5%	+16.7%
Gocl CorporationExplosives	NCLT meeting on Nov 24 to approve HNPCL merger into GOCL21 Oct 2026Scheme filed with the NCLT×2	-3.3% -6.2% —raw -6.6 -7.8 —vs Nifty Microcap 250	₹333	1,650 Cr	4.5vs 60.3	3.2%	+85.0%
LactosePharmaceuticals	NCLT approves amalgamation of Vitanosh Ingredients into Lactose India21 Oct 2026Scheme filed with the NCLT	+2.1% +14.5% —raw -1.5 +8.9 —vs Nifty Microcap 250	₹102	128 Cr	18.6vs 29.3	9.2%	+18.7%

How this list is built

A company appears when an NSE/BSE filing inside the last 30 days carries one of these classifier signals (minimum importance: Medium): Scheme filed with the NCLT, Demerger ratio announced. Each row shows the latest qualifying filing; the reaction columns are the stock’s measured move from the close before that filing to the close of the next day (one session after the reaction day), 1 week and 1 month later. vs market subtracts the move of the company’s size index (Nifty 100, Nifty Midcap 150, Nifty Smallcap 250, or Nifty Microcap 250 for smaller and SME companies) over the same two closes; for filings before June 2026 that is the index membership as recorded later (tracked since Jun 2026). vs sector subtracts the median move of its industry peers. Both are differences in percentage points, not a measure of what the filing did. A benchmark that has not landed yet reads “pending”: the index close arrives a session after the stock’s.

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