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
Acme Solar HoldingsPower GenerationACME Solar board approves merger of 3 wholly-owned subsidiaries18 Sept 2026Scheme filed with the NCLT+4.8% +3.1% -1.0%raw +4.7 +0.4 -7.8vs Nifty Smallcap 250₹39627,985 Cr33.3vs 21.31.9%+89.6%
Cello WorldHousewareCello World completes fractional share compensation for Wim Plast merger17 Sept 2026Demerger ratio announcedScheme filed with the NCLT-3.3% -0.5% +15.0%raw -1.8 +0.8 +12.5vs Nifty Microcap 250₹3658,237 Cr26.5vs 32.37.2%+7.8%
Swan Defence N Hevy IndSWANDEFAmalgamation with Triumph Offshore effective from 17 Sept 202617 Sept 2026Scheme filed with the NCLT×2-0.7% -1.4% +9.3%raw +0.7 +0.0 +6.7vs Nifty Microcap 250₹2,75014,488 Cr34.9-1.1%+74.0%
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%
SiemensHeavy Electrical EquipmentNCLT clears Siemens-SRAPL amalgamation; notice issued to shareholders12 Sept 2026Scheme filed with the NCLT-4.4% -1.6% -5.0%raw -5.4 -2.9 -7.3vs Nifty 100₹3,5601.27 L Cr38.5vs 32.76.8%+10.9%
IndiabullsIBULLSLTDIndiabulls to acquire 70% in Fintech Cloud for Rs 1,050 cr via share swap11 Sept 2026Scheme filed with the NCLT+13.6% +11.8% +40.4%raw +10.2 +10.8 +36.3vs Nifty Microcap 250₹29.886,802 Cr11.8—+40.5%
Tata MotorsCommercial VehiclesTata Motors sends NCLT-ordered notices for merger of two wholly-owned subsidiaries9 Sept 2026Scheme filed with the NCLT-1.9% -0.5% -4.4%raw -2.2 -1.1 -9.3vs Nifty 100₹4261.57 L Cr24.820.3%+36.3%
TSF InvestmentsInvestment CompanyNCLT sanctions merger of Forge 2000 into Axles India9 Sept 2026Scheme filed with the NCLT+3.2% +9.3% -1.6%raw +3.2 +8.5 -5.0vs Nifty Microcap 250₹4069,013 Cr18.5vs 20.92.8%+70.9%
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%
Thyrocare TechHealthcare Service ProviderAPI Holdings absorbs Docon; 51.02% stake in Thyrocare vests in API4 Sept 2026Scheme filed with the NCLT×2-1.9% -1.0% -10.0%raw -1.0 -2.9 -11.0vs Nifty Microcap 250₹4947,863 Cr54.9vs 34.016.4%+25.1%
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%
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%
KFIN TechnologiesDepositories Clearing Houses and Other IntermediariesBoard approves amalgamation of 3 subsidiaries into KFin Tech1 Sept 2026Scheme filed with the NCLT-1.7% -4.0% -3.7%raw -1.3 -4.1 -7.6vs Nifty Smallcap 250₹91615,832 Cr45.39.7%+29.9%
ITCDiversified FMCGITC subsidiary ITC Infotech amalgamates two step-down units1 Sept 2026Scheme filed with the NCLT-0.6% +0.0% +7.0%raw -1.2 -2.4 +1.0vs Nifty 100₹2833.55 L Cr18.8vs 33.814.9%+43.9%
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%
TVS HoldingsInvestment CompanyNCLT sanctions TVS Holdings bonus preference share scheme 46 to 127 Aug 2026Scheme filed with the NCLT×2-0.9% +0.8% -7.2%raw -0.8 +1.3 -8.7vs Nifty Microcap 250₹12,97726,265 Cr9.5vs 20.9—+156.1%
IRB Infra DevCivil ConstructionIRB Infra board approves merger of 9 wholly-owned subsidiaries into parent26 Aug 2026Scheme filed with the NCLT-2.2% -1.4% -8.9%raw -1.9 -1.3 -12.1vs Nifty Smallcap 250₹17.0420,581 Cr15.9vs 13.51.6%+8.3%
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%
Sonata SoftwareComputers - Software & ConsultingMerger of wholly owned subsidiary Encore IT with Sonata effective25 Aug 2026Scheme filed with the NCLT-2.5% -7.6% -7.3%raw -2.1 -7.2 -8.5vs Nifty Smallcap 250₹2406,641 Cr14.5vs 16.412.2%+15.4%
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%
The Indian Hotels Co.Hotels & ResortsIHCL board approves amalgamation of Oriental Hotels into itself24 Aug 2026Scheme filed with the NCLT-0.4% +0.9% +4.5%raw 0.0 -0.5 -0.2vs Nifty 100₹8881.26 L Cr57.2vs 25.55.6%+21.7%
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%
Alkem LaboratoriesPharmaceuticalsAlkem Labs shareholders approve Adroit Biomed amalgamation with 99.99% votes17 Aug 2026Scheme filed with the NCLT+0.8% -0.8% +2.0%raw +0.2 -0.5 -0.3vs Nifty Midcap 150₹5,29763,326 Cr29.4vs 29.017.8%+10.9%
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%
Ventura GuarantyDiversified Commercial ServicesMerger of step-down subsidiary VASPL with subsidiary VSL completed13 Aug 2026Scheme filed with the NCLTpending————+6.6%
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%
Salasar Techno Engg.Industrial ProductsSalasar shareholders approve Hill View Infrabuild merger scheme11 Aug 2026Scheme filed with the NCLT+0.9% +1.3% -16.1%raw +1.4 +2.6 -16.9vs Nifty Microcap 250₹4.25743 Cr53.1vs 25.64.6%-1.5%
AvenuesaiFinancial Technology (Fintech)AvenuesAI board OKs merger of Nueromind, Q1 revenue up 109%11 Aug 2026Scheme filed with the NCLT×2-8.7% -15.7% -9.7%raw -8.5 -14.8 -7.3vs Nifty Microcap 250₹1294,502 Cr45.4vs 63.32.9%+46.5%
Godrej PropertiesResidential Commercial ProjectsNCLT scheme effective, Embellish Houses merges into GPL10 Aug 2026Scheme filed with the NCLT-5.2% -3.8% -14.4%raw -5.0 -4.2 -17.1vs Nifty Midcap 150₹1,80954,500 Cr40.4vs 20.42.5%+161.4%
R K SwamyAdvertising & Media AgenciesBoard approves amalgamation of Dsquare Solutions with Hansa Cequity10 Aug 2026Scheme filed with the NCLT+1.3% -8.9% -14.7%raw +1.1 -8.7 -12.5vs Nifty Microcap 250₹80.15405 Cr17.8vs 10.19.7%+7.8%
Page 3 of 3Previous
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.