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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
MTAR TechnologiesOther Electrical EquipmentTribunal sanctions merger of two wholly owned MTAR subsidiaries29 Oct 2026Scheme filed with the NCLT-7.7% — —raw -8.3 — —vs Nifty Smallcap 250₹5,44916,759 Cr125.6vs 22.512.4%+130.4%
Privi Speciality CheSpecialty ChemicalsPrivi shareholders approve merger of two private companies27 Oct 2026Scheme filed with the NCLT×3+0.5% pending —raw +3.0 -3.2 —vs Nifty Smallcap 250₹3,36213,133 Cr35.2vs 21.912.2%+12.0%
Dr Agarwals Health CareHospitalNCLT amalgamation scheme effective Nov 1; share swap ratio 23:2; record date Nov 1820 Oct 2026Scheme filed with the NCLT×2+4.0% +13.7% —raw +0.4 +8.1 —vs Nifty Microcap 250₹51617,142 Cr95.6vs 44.34.2%+31.4%
Lloyds Engg WorkIndustrial ProductsUnsecured creditors approve Lloyds Engineering Works merger scheme17 Oct 2026Scheme filed with the NCLT×6-1.4% -5.5% —raw -5.6 -10.3 —vs Nifty Microcap 250₹83.412,923 Cr49.1vs 25.63.9%+87.4%
JK PaperPaper & Paper ProductsYPL 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₹3686,673 Cr20.1vs 11.54.4%+12.7%
Triveni Engg. & Inds.SugarTPTL gets BSE/NSE listing approval; trading starts Oct 12, 20269 Oct 2026Scheme filed with the NCLT×5+4.0% +3.3% —raw +5.1 +0.1 —vs Nifty Microcap 250₹2405,295 Cr15.2vs 14.63.3%+1.7%
CIE Automotive IndiaAuto Components & EquipmentsCIE 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₹35413,429 Cr14.4vs 25.47.5%+11.0%
Maharashtra SeamlessIron & Steel ProductsMSL board approves composite demerger into two wholly owned units7 Oct 2026Scheme filed with the NCLTDemerger ratio announced-8.2% -13.4% —raw -10.7 -16.8 —vs Nifty Microcap 250₹5707,639 Cr10.4vs 15.813.0%-4.7%
TVS Supply Chain SolLogistics Solution ProviderNCLT Bengaluru sanctions amalgamation of 5 entities into TVS Supply Chain1 Oct 2026Scheme filed with the NCLT+1.0% -1.7% pendingraw +2.3 -1.4 -6.4vs Nifty Microcap 250₹1175,173 Cr80.3vs 15.54.8%+28.7%
Time TechnoplastPlastic Products - IndustrialBoard 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₹1708,367 Cr15.8vs 14.97.5%+32.0%
JSW CementCement & Cement ProductsJSW Cement board approves merger of subsidiary Shiva Cement29 Sept 2026Scheme filed with the NCLT×2-0.4% -0.5% +8.3%raw -1.2 -0.3 +2.8vs Nifty Smallcap 250₹12316,692 Cr21.8vs 29.42.4%+33.1%
HEG Advanced MaterialElectrodes & RefractoriesCost of Acquisition Apportionment under HEG Demerger Scheme29 Sept 2026Scheme filed with the NCLTDemerger ratio announced×17+1.2% -3.9% +4.1%raw +0.3 -3.7 -1.4vs Nifty Smallcap 250₹2979,805 Cr14.2vs 30.59.8%-38.5%
Kansai Nerolac PaintsPaintsNCLT sanctions merger of Nerofix with Kansai Nerolac Paints25 Sept 2026Scheme filed with the NCLT+1.1% +3.5% +7.5%raw +0.6 -0.3 -0.6vs Nifty Microcap 250₹19615,854 Cr25.9vs 33.26.9%+18.6%
Lemon Tree HotelsHotels & ResortsLemon Tree gets NSE and BSE approval for composite restructuring scheme22 Sept 2026Scheme filed with the NCLT-0.0% +3.5% +12.3%raw -0.6 +0.1 +2.0vs Nifty Smallcap 250₹1179,241 Cr35.9vs 25.54.9%+18.0%
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%
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%
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%
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%
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%
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%
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.