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.
| Company | Why it’s here — the filing | vs market · Next day / 1w / 1m | Price | Mcap |
|---|---|---|---|---|
| Happiest Minds merger with ITC Infotech approved; promoters to sell 22.1% stake | -11.5% -19.0% -23.0%raw -13.0 -18.7 -25.4vs Nifty Microcap 250 | ₹315 | 4,738 Cr | |
| Board approves demerger of two business verticals into new listed subsidiaries | -2.4% -9.0% -7.4%raw -3.9 -8.7 -9.8vs Nifty Microcap 250 | ₹1,159 | 3,628 Cr | |
| Board approves scheme to cancel unclaimed physical shares | +6.3% +18.0% +10.9%raw +6.9 +19.2 +9.7vs Nifty Microcap 250 | ₹132 | 239 Cr | |
| NCLT sanctions TVS Holdings bonus preference share scheme 46 to 1 | -0.9% +0.8% -7.2%raw -0.8 +1.3 -8.7vs Nifty Microcap 250 | ₹12,977 | 26,265 Cr | |
| Sapphire Foods-Devyani merger: scheme amended, secondary sale terminated | -7.0% -7.7% -9.5%raw -6.7 -7.5 -12.7vs Nifty Smallcap 250 | ₹210 | 6,746 Cr | |
| DIL amends merger scheme with Sapphire Foods; SPA terminated | -6.7% -6.7% -9.2%raw -6.5 -6.6 -12.4vs Nifty Smallcap 250 | ₹129 | 15,843 Cr | |
| IRB Infra board approves merger of 9 wholly-owned subsidiaries into parent | -2.2% -1.4% -8.9%raw -1.9 -1.3 -12.1vs Nifty Smallcap 250 | ₹17.04 | 20,581 Cr | |
| Siyaram allots bonus preference shares under NCLT approved scheme | -0.7% -2.4% -4.8%raw -0.4 -1.8 -5.6vs Nifty Microcap 250 | ₹498 | 2,259 Cr | |
| Merger of wholly owned subsidiary Encore IT with Sonata effective | -2.5% -7.6% -7.3%raw -2.1 -7.2 -8.5vs Nifty Smallcap 250 | ₹240 | 6,641 Cr | |
| Inox Green allots 4.89 cr IRSL shares under demerger scheme | -2.1% -1.6% -2.8%raw -2.0 -2.0 -2.5vs Nifty Microcap 250 | ₹121 | 4,846 Cr | |
| IHCL board approves amalgamation of Oriental Hotels into itself | -0.4% +0.9% +4.5%raw 0.0 -0.5 -0.2vs Nifty 100 | ₹888 | 1.26 L Cr | |
| Unsecured creditors approve MPS-ADIBPO amalgamation scheme | -6.8% -9.5% -9.9%raw -6.9 -10.3 -9.7vs Nifty Microcap 250 | ₹2,250 | 3,849 Cr | |
| Walery Security merges into i3 Security; amalgamation scheme effective | +3.7% +7.2% -8.7%raw +3.5 +6.4 -8.5vs Nifty Microcap 250 | ₹22.59 | 253 Cr | |
| BSE clears amalgamation scheme of Radical Bio-Organics with Capricorn Systems | +3.5% +16.9% +33.7%raw +4.0 +16.9 +34.0vs Nifty Microcap 250 | ₹19.2 | 54 Cr | |
| Merger of Intermetal into Ashwath Technologies becomes effective | -1.5% -3.9% -2.9%raw -1.5 -3.1 -3.3vs Nifty Smallcap 250 | ₹360 | 7,434 Cr | |
| Alkem Labs shareholders approve Adroit Biomed amalgamation with 99.99% votes | +0.8% -0.8% +2.0%raw +0.2 -0.5 -0.3vs Nifty Midcap 150 | ₹5,297 | 63,326 Cr | |
| NSE and BSE clear Birla Cable merger with Vindhya Telelinks scheme | +1.3% -8.0% +40.3%raw +1.8 -6.9 +39.5vs Nifty Microcap 250 | ₹346 | 1,039 Cr | |
| NSE and BSE clear amalgamation of Birla Cable into Vindhya Telelinks | +2.8% -1.7% +9.7%raw +3.3 -0.6 +9.0vs Nifty Microcap 250 | ₹2,478 | 2,937 Cr | |
| Board approves merger of wholly owned Criss Financial with Spandana Sphoorty | -2.9% -0.6% -6.8%raw -2.4 +0.5 -7.5vs Nifty Microcap 250 | ₹184 | 1,627 Cr | |
| NCLT meetings approve Delta Corp composite scheme of arrangement | -1.2% +0.8% -10.4%raw -1.0 +1.4 -11.7vs Nifty Microcap 250 | ₹75.2 | 2,014 Cr | |
| Merger of step-down subsidiary VASPL with subsidiary VSL completed | pending | — | — | |
| Board approves amalgamation of two group companies into SecMark Consultancy | +0.2% -3.0% +12.6%raw +0.5 -1.9 +11.4vs Nifty Microcap 250 | ₹153 | 160 Cr | |
| Salasar shareholders approve Hill View Infrabuild merger scheme | +0.9% +1.3% -16.1%raw +1.4 +2.6 -16.9vs Nifty Microcap 250 | ₹4.25 | 743 Cr | |
| AvenuesAI board OKs merger of Nueromind, Q1 revenue up 109% | -8.7% -15.7% -9.7%raw -8.5 -14.8 -7.3vs Nifty Microcap 250 | ₹129 | 4,502 Cr | |
| NCLT scheme effective, Embellish Houses merges into GPL | -5.2% -3.8% -14.4%raw -5.0 -4.2 -17.1vs Nifty Midcap 150 | ₹1,809 | 54,500 Cr | |
| Board approves amalgamation of Dsquare Solutions with Hansa Cequity | +1.3% -8.9% -14.7%raw +1.1 -8.7 -12.5vs Nifty Microcap 250 | ₹80.15 | 405 Cr | |
| Refex Industries composite scheme gets shareholder and creditor approval | +0.9% +1.4% -9.4%raw +0.7 +1.7 -7.2vs Nifty Microcap 250 | ₹226 | 3,103 Cr | |
| VDCL certifies distribution of proceeds from MDSL amalgamation fractional shares | +3.8% +10.9% +10.5%raw +3.7 +10.8 +11.2vs Nifty Smallcap 250 | ₹1,471 | 15,149 Cr | |
| RBI declines approval for Religare demerger scheme | -10.4% -10.2% -2.7%raw -10.5 -9.2 -0.7vs Nifty Microcap 250 | ₹233 | 7,943 Cr | |
| Internal merger of two stepdown subsidiaries into Eugia Pharma | +2.8% +0.5% +4.1%raw +2.7 +0.8 +2.7vs Nifty Midcap 150 | ₹1,800 | 1.04 L Cr | |
| Board approves Sandesh Digital merger, Q1 results, Rs 5 dividend | +14.7% +8.8% +4.0%raw +15.1 +9.7 +6.4vs Nifty Microcap 250 | ₹990 | 749 Cr | |
| MMFSL board approves merger of Mahindra Rural Housing Finance into itself | -1.4% -1.8% -4.7%raw -1.5 -1.5 -5.9vs Nifty Midcap 150 | ₹282 | 39,189 Cr | |
| L&T shareholders approve transfer of Realty business to subsidiary LTRPL | +1.7% +2.4% +3.4%raw +1.8 +1.7 +0.2vs Nifty 100 | ₹4,118 | 5.67 L Cr | |
| POCL Board Approves Merger of Wholly-Owned Subsidiary HEEPL | -10.1% -9.1% -14.8%raw -8.4 -7.0 -11.1vs Nifty Microcap 250 | ₹396 | 3,021 Cr | |
| NCLT approves merger of wholly owned subsidiaries into Vintage Coffee | -3.2% -4.8% +13.1%raw -1.5 -2.7 +16.8vs Nifty Microcap 250 | ₹161 | 2,356 Cr | |
| Uno Minda board approves merger of subsidiary Minda Onkyo India | +3.7% +2.0% +3.9%raw +3.6 +2.5 +2.8vs Nifty Midcap 150 | ₹1,326 | 76,577 Cr | |
| ABDL gets NCLT nod to absorb two wholly-owned subsidiaries | -2.0% +0.2% -3.7%raw -1.2 +1.3 -1.9vs Nifty Smallcap 250 | ₹709 | 19,831 Cr | |
| Orchid Pharma allots 4.46 cr shares to Dhanuka Labs shareholders | -1.4% +4.2% -9.0%raw +0.4 +7.9 -4.6vs Nifty Microcap 250 | ₹866 | 5,186 Cr | |
| CESC subsidiary Purvah Green Power to merge with RPSG Energy Services | -2.3% -4.2% -13.5%raw -0.8 -1.8 -10.6vs Nifty Smallcap 250 | ₹126 | 16,811 Cr | |
| Board approves merger of wholly-owned subsidiary ALTRR into TCC Concept | -1.8% -16.5% -24.3%raw -0.1 -12.9 -19.9vs Nifty Microcap 250 | ₹40.3 | 958 Cr |
A company appears when an NSE/BSE filing inside the last 180 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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