शुभ दीपावलीDiwali offer: 3 months free on yearly plans · ends 11 NovSee plans

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.

CompanyWhy it’s here — the filingvs market · Next day / 1w / 1mPriceMcapP/EROCERev YoY
Visagar PolytexGarments & ApparelsComposite Scheme of Arrangement for capital reduction and preferential issue filed6 Oct 2026Scheme filed with the NCLT-3.0% -0.5% —raw -1.9 -1.9 —vs Nifty Microcap 250₹0.4714 Cr—-27.5%+109.0%
Ppap AutomotiveAuto Components & EquipmentsNCLT meetings approve merger of Avinya Batteries into PPAP Automotive5 Oct 2026Scheme filed with the NCLT×5+6.0% +8.0% —raw +7.1 +6.7 —vs Nifty Microcap 250₹220311 Cr6.7vs 25.412.6%+34.1%
BN AgrochemBNAGROCHEMBN Agrochem: NCLT grants 90-day extension for amalgamation scheme meetings2 Oct 2026Scheme filed with the NCLT-2.2% -26.7% pendingraw -0.9 -26.5 -45.9vs Nifty Microcap 250₹1281,250 Cr26.23.8%+22.0%
Sunteck RealtyResidential Commercial ProjectsSunteck Realty board approves demerger of Satguru real estate business into itself1 Oct 2026Scheme filed with the NCLT-2.2% -3.3% pendingraw -0.9 -3.1 +5.5vs Nifty Microcap 250₹2984,377 Cr19.7vs 20.42.5%+27.1%
Inland PrintersPrinting & PublicationNCLT approves merger of Parthiv Corporate Advisory into Inland Printers30 Sept 2026Scheme filed with the NCLT-1.4% -3.6% —raw -2.6 -5.3 —vs Nifty Microcap 250₹57.2529 Cr—-25.8%—
Shiva CementCement & Cement ProductsPlease find attached herewith the outcome of the Board Meeting dated 29th September, 2026.29 Sept 2026Scheme filed with the NCLT-8.7% -12.5% -7.5%raw -10.3 -14.7 -16.6vs Nifty Microcap 250₹12.92381 Cr—-11.0%+14.1%
TPL PlastechPackagingTPL Plastech board approves merger with Time Technoplast; share swap ratio set29 Sept 2026Scheme filed with the NCLT+9.9% +7.8% +3.6%raw +8.3 +5.6 -5.6vs Nifty Microcap 250₹67.2524 Cr16.6vs 15.210.0%+39.9%
True ColorsIndustrial ProductsOutcome of Remote E-voting and e-voting at the Meeting of the Equity Shareholders of True Colors Limited including Scrutinizer''s Report28 Sept 2026Scheme filed with the NCLT×4-0.3% +3.8% -3.0%raw +0.4 +1.8 -9.0vs Nifty Microcap 250₹146359 Cr17.0vs 25.6——
Orient CementCement & Cement ProductsOrient Cement shareholders approve Ambuja Cements merger scheme28 Sept 2026Scheme filed with the NCLT×3-1.5% -4.9% +1.8%raw -0.8 -6.9 -4.1vs Nifty Microcap 250₹1252,630 Cr13.4vs 29.45.7%-12.2%
QMS Medical Allied SQMSMEDIQMS Medical Allied Services to acquire 100% of Pune-based BeamOptics Scientific28 Sept 2026Scheme filed with the NCLT×6+9.5% +0.3% -3.0%raw +8.9 -3.5 -11.1vs Nifty Microcap 250₹170328 Cr19.513.5%+22.3%
Transcorp InternationalOther Financial ServicesScheme of Arrangement halted after regulatory feedback26 Sept 2026Scheme filed with the NCLT+3.4% +3.8% +4.9%raw +2.8 -0.0 -3.1vs Nifty Microcap 250₹23.976 Cr9.1vs 18.615.1%-22.3%
RPG Life SciencesPharmaceuticalsRPG Life Sciences: Subsidiary merger scheme approved by board26 Sept 2026Scheme filed with the NCLT+2.2% -3.6% +1.4%raw +1.6 -7.4 -6.6vs Nifty Microcap 250₹2,5604,234 Cr38.1vs 29.38.8%—
Primo ChemicalsCommodity ChemicalsPrimo Chemicals board approves merger of wholly owned subsidiary Flow Tech25 Sept 2026Scheme filed with the NCLT×2+28.2% +15.7% +14.8%raw +26.9 +14.9 +5.4vs Nifty Microcap 250₹21.65525 Cr44.2vs 17.10.5%+0.1%
IndosolarHeavy Electrical EquipmentIndosolar board approves merger with Waaree Energies23 Sept 2026Scheme filed with the NCLT×2-8.6% -16.7% -14.7%raw -9.8 -18.7 -25.4vs Nifty Microcap 250₹208865 Cr6.9vs 32.715.3%-23.2%
Pitti EngineeringIndustrial ProductsScheme of Amalgamation becomes effective from 23 Sept 202623 Sept 2026Scheme filed with the NCLT×2+0.5% -1.8% -16.4%raw -0.7 -3.8 -27.1vs Nifty Microcap 250₹9033,401 Cr26.9vs 25.611.2%+15.9%
NDL VenturesOther Financial ServicesNCLT hearing on NDL Ventures merger adjourned to October 118 Sept 2026Scheme filed with the NCLT×2+0.6% +1.9% -1.7%raw +0.9 +1.4 -8.3vs Nifty Microcap 250₹112377 Cr—-10.2%-9.4%
IRM EnergyLPG/CNG/PNG/LNG SupplierIRM Energy shareholders approve amalgamation with Enertech Distribution12 Sept 2026Scheme filed with the NCLT×3-3.2% -4.5% -8.0%raw -6.6 -5.4 -12.1vs Nifty Microcap 250₹242994 Cr11.6vs 12.97.1%+29.0%
Kiran SyntexOther Textile ProductsKiran Syntex files draft merger scheme with BSE11 Sept 2026Scheme filed with the NCLTpendingraw 0.0% reaction day₹136 Cr—-4.6%-93.8%
Marathon Nxtgen RealtResidential Commercial ProjectsShareholders and creditors approve composite amalgamation and arrangement scheme8 Sept 2026Scheme filed with the NCLTDemerger ratio announced×4-2.3% -5.7% -16.4%raw -2.6 -7.1 -20.8vs Nifty Microcap 250₹3982,681 Cr15.2vs 20.44.9%+10.4%
Jubilant Agri N Con ProSpecialty ChemicalsShareholders approve NCLT scheme for demerger of Agri Business7 Sept 2026Scheme filed with the NCLT×3-4.2% -7.6% -9.8%raw -3.2 -9.5 -10.9vs Nifty Microcap 250₹1,8432,792 Cr26.6vs 21.914.1%+15.0%
Kavveri DFS & WIR TecTelecom - Equipment & AccessoriesBoard approves amalgamation with Samoro Telecoms, swap ratio 453:16 Sept 2026Scheme filed with the NCLTDemerger ratio announced-4.5% +8.7% +36.1%raw -3.5 +6.8 +35.1vs Nifty Microcap 250₹80.8486 Cr—1.1%-63.1%
Global EducationEducationGEL receives 24L shares of RIPL under NCLT-sanctioned demerger scheme4 Sept 2026Scheme filed with the NCLTDemerger ratio announced×3+2.2% +12.0% +20.2%raw +3.3 +9.9 +18.8vs Nifty Microcap 250₹144731 Cr28.0vs 23.725.9%-5.3%
Mawana SugarsMAWANASUGNCLT approves amalgamation of Mawana Foods with Mawana Sugars3 Sept 2026Scheme filed with the NCLT×2-1.8% -12.4% +0.5%raw -0.7 -14.5 -0.9vs Nifty Microcap 250₹151590 Cr21.49.3%+3.8%
Kaiser CorporationTrading & DistributorsKaiser Corporation files for BSE in-principle approval to absorb Emazing Deals3 Sept 2026Scheme filed with the NCLT×3-5.1% -4.5% -5.0%raw -4.0 -6.6 -6.5vs Nifty Microcap 250₹5.1827 Cr—-31.9%-57.6%
Almondz Global SecStockbroking & AlliedCorrigendum to post-Scheme shareholding pattern of Resulting Company3 Sept 2026Scheme filed with the NCLTDemerger ratio announced×2+1.1% -3.9% +10.0%raw +2.4 -5.2 +9.2vs Nifty Microcap 250₹18.2348 Cr8.5vs 16.1—+16.8%
MSP Steel & PowerIron & Steel ProductsMSP Steel board approves demerger of MSP Sponge manufacturing biz2 Sept 2026Demerger ratio announced×3-3.5% -6.9% -12.2%raw -2.2 -8.2 -13.0vs Nifty Microcap 250₹30.171,710 Cr45.0vs 15.8-2.3%+16.3%
Entertain Net. Ind.Media & EntertainmentTimes Horizon acquires 71.15 percent in ENIL via BCCL demerger scheme2 Sept 2026Demerger ratio announcedScheme filed with the NCLT-1.0% -0.8% -7.9%raw -0.9 +0.5 -9.4vs Nifty Microcap 250₹80.3383 Cr—-1.6%-17.3%
Happiest Minds TechnoComputers - Software & ConsultingHappiest Minds merger with ITC Infotech approved; promoters to sell 22.1% stake31 Aug 2026Scheme filed with the NCLT×2-11.5% -19.0% -23.0%raw -13.0 -18.7 -25.4vs Nifty Microcap 250₹3154,738 Cr20.5vs 16.47.3%+12.5%
LUX IndustriesGarments & ApparelsBoard approves demerger of two business verticals into new listed subsidiaries31 Aug 2026Demerger ratio announcedScheme filed with the NCLT-2.4% -9.0% -7.4%raw -3.9 -8.7 -9.8vs Nifty Microcap 250₹1,1593,628 Cr33.9vs 17.13.2%-7.7%
S V Global MillResidential, Commercial ProjectsBoard approves scheme to cancel unclaimed physical shares28 Aug 2026Scheme filed with the NCLT+6.3% +18.0% +10.9%raw +6.9 +19.2 +9.7vs Nifty Microcap 250₹132239 Cr—-8.2%-62.7%
Siyaram Silk MillsOther Textile ProductsSiyaram allots bonus preference shares under NCLT approved scheme25 Aug 2026Scheme filed with the NCLT-0.7% -2.4% -4.8%raw -0.4 -1.8 -5.6vs Nifty Microcap 250₹4982,259 Cr10.0vs 14.77.0%+15.3%
Inox Green Energy SerDiversified Commercial ServicesInox Green allots 4.89 cr IRSL shares under demerger scheme24 Aug 2026Scheme filed with the NCLT-2.1% -1.6% -2.8%raw -2.0 -2.0 -2.5vs Nifty Microcap 250₹1214,846 Cr38.8vs 14.69.0%-23.0%
MPSPrinting & PublicationUnsecured creditors approve MPS-ADIBPO amalgamation scheme22 Aug 2026Scheme filed with the NCLT×4-6.8% -9.5% -9.9%raw -6.9 -10.3 -9.7vs Nifty Microcap 250₹2,2503,849 Cr20.6vs 6.518.3%+15.3%
Mercantile VenturesDiversified Commercial ServicesWalery Security merges into i3 Security; amalgamation scheme effective22 Aug 2026Scheme filed with the NCLT+3.7% +7.2% -8.7%raw +3.5 +6.4 -8.5vs Nifty Microcap 250₹22.59253 Cr37.0vs 14.60.9%+22.9%
Capricorn Systems Global SolutBSE clears amalgamation scheme of Radical Bio-Organics with Capricorn Systems21 Aug 2026Scheme filed with the NCLT+3.5% +16.9% +33.7%raw +4.0 +16.9 +34.0vs Nifty Microcap 250₹19.254 Cr24.30.7%+2983.3%
Birla CableBIRLACABLENSE and BSE clear Birla Cable merger with Vindhya Telelinks scheme14 Aug 2026Scheme filed with the NCLT+1.3% -8.0% +40.3%raw +1.8 -6.9 +39.5vs Nifty Microcap 250₹3461,039 Cr22.56.9%+51.1%
Vindhya TelelinksCivil ConstructionNSE and BSE clear amalgamation of Birla Cable into Vindhya Telelinks14 Aug 2026Scheme filed with the NCLT+2.8% -1.7% +9.7%raw +3.3 -0.6 +9.0vs Nifty Microcap 250₹2,4782,937 Cr11.4vs 13.52.4%-12.4%
Spandana Sphoorty FinMicrofinance InstitutionsBoard approves merger of wholly owned Criss Financial with Spandana Sphoorty14 Aug 2026Scheme filed with the NCLT-2.9% -0.6% -6.8%raw -2.4 +0.5 -7.5vs Nifty Microcap 250₹1841,627 Cr——+41.5%
Delta CorpAmusement Parks/ Other RecreationNCLT meetings approve Delta Corp composite scheme of arrangement13 Aug 2026Scheme filed with the NCLT-1.2% +0.8% -10.4%raw -1.0 +1.4 -11.7vs Nifty Microcap 250₹75.22,014 Cr—-20.0%-56.6%
Secmark ConsultancyComputers - Software & ConsultingBoard approves amalgamation of two group companies into SecMark Consultancy12 Aug 2026Scheme filed with the NCLT×2+0.2% -3.0% +12.6%raw +0.5 -1.9 +11.4vs Nifty Microcap 250₹153160 Cr67.4vs 16.4-1.0%+27.9%
Page 2 of 3PreviousNext
How this list is built

A company appears when an NSE/BSE filing inside the last 90 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.

MarketPing publishes facts, filings and measured history only — nothing on this page is investment advice, a recommendation or a rating.