 Dr. Agarwal's Eye HospHospital | Merger approved; share exchange record date fixed for November 1820 Oct 2026Scheme filed with the NCLT×13 | +0.5% +9.8% —raw -3.1 +4.3 —vs Nifty Microcap 250 | ₹5,400 | 2,608 Cr | 36.7vs 44.3 | 14.3% | +20.2% |
 Dr Agarwals Health CareHospital | NCLT amalgamation scheme effective Nov 1; share swap ratio 23:2; record date Nov 1820 Oct 2026Scheme filed with the NCLT×13 | +4.0% +13.7% —raw +0.4 +8.1 —vs Nifty Microcap 250 | ₹516 | 17,142 Cr | 95.6vs 44.3 | 4.2% | +31.4% |
 RECFinancial Institution | REC gets NOC from NSE and BSE for merger with Power Finance Corp19 Oct 2026Scheme filed with the NCLT×2 | +1.8% -3.4% —raw -0.4 -5.5 —vs Nifty Midcap 150 | ₹297 | 78,114 Cr | 5.2vs 15.1 | — | -1.0% |
 CL EducateCLEDUCATE | Board approves merger of wholly owned subsidiary DEXIT into CL Educate19 Oct 2026Scheme filed with the NCLT×2 | -9.9% -13.8% —raw -14.1 -18.6 —vs Nifty Microcap 250 | ₹55.1 | 299 Cr | — | 2.8% | -45.3% |
 Lloyds Engg WorkIndustrial Products | Unsecured creditors approve Lloyds Engineering Works merger scheme17 Oct 2026Scheme filed with the NCLT×9 | -1.4% -5.5% —raw -5.6 -10.3 —vs Nifty Microcap 250 | ₹83.4 | 12,923 Cr | 49.1vs 25.6 | 3.9% | +87.4% |
 Magnum VenturesPaper & Paper Products | Shareholders to vote on paper business demerger on 20 November 202616 Oct 2026Demerger ratio announcedScheme filed with the NCLT×2 | +1.2% +6.1% —raw -3.0 +1.3 —vs Nifty Microcap 250 | ₹18.89 | 129 Cr | — | -1.4% | — |
 Power Fin CorpFinancial Institution | PFC gets RBI nod for merger of REC into itself; shareholders approval next15 Oct 2026Scheme filed with the NCLT | -2.5% -6.1% —raw -2.9 -7.6 —vs Nifty 100 | ₹329 | 1.09 L Cr | 4.1vs 15.1 | — | +0.5% |
 The Phoenix MillsResidential Commercial Projects | Phoenix Mills subsidiaries SGH Realty and Truevalue Infrabuild to merge15 Oct 2026Scheme filed with the NCLT×3 | -0.6% +2.3% —raw -1.7 -0.9 —vs Nifty Midcap 150 | ₹2,155 | 77,076 Cr | 59.2vs 20.4 | 5.2% | +3.4% |
 Brooks LabBROOKS | Brooks Lab board approves demerger of Manufacturing Business into Abridge14 Oct 2026Demerger ratio announced×2 | -1.6% -7.1% —raw -2.5 -13.5 —vs Nifty Microcap 250 | ₹63.05 | 186 Cr | 14.0 | 4.6% | -10.0% |
 GE Power IndiaHeavy Electrical Equipment | NCLT sanctions Scheme of Arrangement for GE Power India14 Oct 2026Scheme filed with the NCLT×3 | -0.9% -1.8% —raw -1.8 -9.1 —vs Nifty Microcap 250 | ₹602 | 4,047 Cr | 14.9vs 32.7 | 44.5% | +7.6% |
 JSW EnergyPower Generation | JSW Energy receives NCLT approval for GEPIL demerger scheme14 Oct 2026Scheme filed with the NCLT×8 | +4.0% +1.5% —raw +3.6 -3.2 —vs Nifty Midcap 150 | ₹525 | 96,224 Cr | 40.6vs 21.3 | 1.8% | +23.0% |
 JK PaperPaper & Paper Products | YPL Enterprises promoter group shareholding rises to 7.06% in JK Paper via NCLT scheme14 Oct 2026Scheme filed with the NCLT | +4.0% +5.0% —raw +3.1 -2.2 —vs Nifty Microcap 250 | ₹368 | 6,673 Cr | 20.1vs 11.5 | 4.4% | +12.7% |
 K M Sugar MillsSugar | Distillery demerger effective; KM Spirits ceases to be subsidiary12 Oct 2026Demerger ratio announced×17 | +3.3% +12.8% —raw +4.2 +5.3 —vs Nifty Microcap 250 | ₹32.11 | 295 Cr | 6.1vs 14.6 | 17.7% | -8.8% |
 Kothari SUG & ChemSugar | NCLT meeting on Nov 13 for amalgamation with Kothari Petrochemicals12 Oct 2026Scheme filed with the NCLT×5 | -0.3% -1.3% —raw +0.6 -8.8 —vs Nifty Microcap 250 | ₹23.37 | 194 Cr | 14.2vs 14.6 | 0.7% | +30.7% |
 GPT InfraprojectsCivil Construction | NCLT meeting notice for amalgamation of Alcon Builders and Jogbani Highway into GPT Infraprojects12 Oct 2026Scheme filed with the NCLT×2 | +3.3% +2.5% —raw +4.2 -5.0 —vs Nifty Microcap 250 | ₹110 | 1,396 Cr | 14.7vs 13.5 | 6.6% | +4.6% |
 Kothari PetrochemPetrochemicals | NCLT-convened meeting on Nov 13 for Kothari Sugars-Petrochem amalgamation12 Oct 2026Scheme filed with the NCLT×5 | -1.0% -5.2% —raw -0.1 -12.7 —vs Nifty Microcap 250 | ₹123 | 723 Cr | 10.1vs 11.8 | 24.9% | -8.8% |
 Veranda Learning SolE-Learning | Cost of acquisition split guidance after JSCEL demerger: 64.50% VLS, 35.50% JSCEL12 Oct 2026Demerger ratio announcedScheme filed with the NCLT×7 | +9.2% +3.4% —raw +10.2 -1.0 —vs Nifty Microcap 250 | ₹33.5 | 323 Cr | 2.1 | 9.4% | +7.4% |
 Emcure PharmaceuticalsPharmaceuticals | Board approves merger of two wholly owned units into Emcure Pharmaceuticals12 Oct 2026Scheme filed with the NCLT | +0.2% +1.1% —raw +1.7 -3.0 —vs Nifty Smallcap 250 | ₹2,210 | 41,926 Cr | 38.3vs 29.3 | 13.3% | +24.3% |
 Lodha DevelopersResidential Commercial Projects | Lodha Developers merger scheme approved by shareholders and creditors at NCLT meeting9 Oct 2026Scheme filed with the NCLT×6 | +1.7% -2.5% —raw +2.7 -5.1 —vs Nifty Midcap 150 | ₹1,179 | 1.18 L Cr | 27.1vs 20.4 | 10.3% | +17.6% |
 National StandResidential Commercial Projects | NCLT merger scheme with Lodha Developers approved by shareholders9 Oct 2026Scheme filed with the NCLT×3 | -2.2% +3.0% —raw -1.2 -1.5 —vs Nifty Microcap 250 | ₹108 | 216 Cr | 22.3vs 20.4 | 4.7% | -100.0% |
 Roselabs FinanceOther Financial Services | Shareholders approve merger of Roselabs Finance and National Standard into Lodha Developers9 Oct 2026Scheme filed with the NCLT×3 | — +22.3% —raw — +17.8 —vs Nifty Microcap 250 | ₹21.5 | 22 Cr | — | 2.2% | — |
 Bhagyanagar IndiaBHAGYANGR | Demerger update: Tieramet allots shares to Bhagyanagar India shareholders 1:19 Oct 2026Demerger ratio announcedScheme filed with the NCLT×2 | +9.1% +51.7% —raw +10.1 +47.2 —vs Nifty Microcap 250 | ₹73.14 | 234 Cr | 3.7 | 22.0% | +45.2% |
 Royal Cushion Vinyl ProductsGranites & Marbles | Promoter stake rises to 45.99% post RSDPL merger share allotment9 Oct 2026Scheme filed with the NCLT×4 | -3.4% +1.3% —raw -2.3 -3.2 —vs Nifty Microcap 250 | ₹13 | 48 Cr | — | 197.6% | -34.6% |
 SaksoftComputers - Software & Consulting | Saksoft receives NCLT rectified order for Augmento Labs merger9 Oct 2026Scheme filed with the NCLT×2 | +0.4% +4.6% —raw +1.4 +0.1 —vs Nifty Microcap 250 | ₹133 | 1,768 Cr | 13.1vs 16.4 | 21.4% | -0.2% |
 Triveni Engg. & Inds.Sugar | TPTL gets BSE/NSE listing approval; trading starts Oct 12, 20269 Oct 2026Scheme filed with the NCLT×26 | +4.0% +3.3% —raw +5.1 +0.1 —vs Nifty Microcap 250 | ₹240 | 5,295 Cr | 15.2vs 14.6 | 3.3% | +1.7% |
 CIE Automotive IndiaAuto Components & Equipments | CIE India: NCLT order on merger of wholly owned subsidiary CIEALCAST8 Oct 2026Scheme filed with the NCLT×2 | +0.8% +2.3% —raw +2.4 -0.3 —vs Nifty Smallcap 250 | ₹354 | 13,429 Cr | 14.4vs 25.4 | 7.5% | +11.0% |
 Maharashtra SeamlessIron & Steel Products | MSL board approves composite demerger into two wholly owned units7 Oct 2026Scheme filed with the NCLTDemerger ratio announced×3 | -8.2% -13.4% —raw -10.7 -16.8 —vs Nifty Microcap 250 | ₹570 | 7,639 Cr | 10.4vs 15.8 | 13.0% | -4.7% |
 Shristi Infrastructure DevelopResidential, Commercial Projects | SIDCL board approves demerger of Krishnagar Sentrum into wholly owned subsidiary6 Oct 2026Demerger ratio announcedScheme filed with the NCLT | -3.7% -2.4% —raw -6.7 -4.4 —vs Nifty Microcap 250 | ₹28.16 | 63 Cr | — | -27.8% | -61.5% |
 India GlycolsBreweries & Distilleries | Cost of acquisition apportionment guidance for IGL demerger6 Oct 2026Demerger ratio announcedScheme filed with the NCLT×10 | +13.9% +4.8% —raw +10.9 +2.8 —vs Nifty Microcap 250 | ₹295 | 1,976 Cr | 6.0vs 26.2 | 7.3% | +19.4% |
 Visagar PolytexGarments & Apparels | Composite 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 | ₹0.47 | 14 Cr | — | -27.5% | +109.0% |
 Ppap AutomotiveAuto Components & Equipments | NCLT meetings approve merger of Avinya Batteries into PPAP Automotive5 Oct 2026Scheme filed with the NCLT×6 | +6.0% +8.0% —raw +7.1 +6.7 —vs Nifty Microcap 250 | ₹220 | 311 Cr | 6.7vs 25.4 | 12.6% | +34.1% |
 BN AgrochemBNAGROCHEM | BN Agrochem: NCLT grants 90-day extension for amalgamation scheme meetings2 Oct 2026Scheme filed with the NCLT×2 | -2.2% -26.7% pendingraw -0.9 -26.5 -45.9vs Nifty Microcap 250 | ₹128 | 1,250 Cr | 26.2 | 3.8% | +22.0% |
 Sunteck RealtyResidential Commercial Projects | Sunteck 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 | ₹298 | 4,377 Cr | 19.7vs 20.4 | 2.5% | +27.1% |
 Amber Enterprises (I)Household Appliances | NCLT order received on AmberPR Technoplast amalgamation scheme1 Oct 2026Scheme filed with the NCLT×3 | +3.8% +0.8% pendingraw +5.5 +2.2 +1.4vs Nifty Smallcap 250 | ₹6,403 | 22,582 Cr | 234.6vs 43.4 | 5.3% | +12.7% |
 TVS Supply Chain SolLogistics Solution Provider | NCLT Bengaluru sanctions amalgamation of 5 entities into TVS Supply Chain1 Oct 2026Scheme filed with the NCLT×2 | +1.0% -1.7% pendingraw +2.3 -1.4 -6.4vs Nifty Microcap 250 | ₹117 | 5,173 Cr | 80.3vs 15.5 | 4.8% | +28.7% |
 Ambuja CementsCement & Cement Products | NCLT meeting approves ACC amalgamation with Ambuja Cements30 Sept 2026Scheme filed with the NCLT×11 | -1.6% -6.7% -6.8%raw -2.0 -6.6 -4.0vs Nifty 100 | ₹391 | 97,064 Cr | 34.5vs 29.4 | 1.5% | +0.3% |
 Inland PrintersPrinting & Publication | NCLT 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 | ₹57.25 | 29 Cr | — | -25.8% | — |
 Time TechnoplastPlastic Products - Industrial | Board approves merger of 74.86% subsidiary TPL Plastech with Time Technoplast29 Sept 2026Scheme filed with the NCLT×2 | -0.9% -3.2% -4.9%raw -2.5 -5.3 -14.1vs Nifty Microcap 250 | ₹170 | 8,367 Cr | 15.8vs 14.9 | 7.5% | +32.0% |
 ACCCement & Cement Products | ACC shareholders approve amalgamation with Ambuja Cements29 Sept 2026Scheme filed with the NCLT×6 | -0.6% -5.3% -2.3%raw -1.6 -6.4 -6.0vs Nifty Midcap 150 | ₹1,239 | 23,293 Cr | 26.4vs 29.4 | 1.4% | -4.1% |
 Shiva CementCement & Cement Products | Please 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 | ₹12.92 | 381 Cr | — | -11.0% | +14.1% |
