 GFLHolding Company | NCLT sanctions absorption of wholly owned INOX Infrastructure6 Nov 2026Scheme filed with the NCLT×3 | pending | ₹51.8 | 569 Cr | 9.4vs 11.1 | — | +12.3% |
 Ashok LeylandCommercial Vehicles | NCLT approves merger of Hinduja Leyland Finance into NDL Ventures5 Nov 2026Scheme filed with the NCLT×2 | pendingraw +1.0% reaction day | ₹172 | 1.01 L Cr | 29.1 | 7.5% | +11.6% |
 Gujarat EnergyLPG/CNG/PNG/LNG Supplier | 0.8 million tonne yearly LNG sourcing approved; Q2 profit rises 22% to Rs 639 crore5 Nov 2026Demerger ratio announced×13 | pendingraw -3.5% reaction day | ₹217 | 20,322 Cr | 9.2vs 12.9 | 8.8% | +147.7% |
 GO Digit General InsGeneral Insurance | Shareholders approve Go Digit Infoworks amalgamation5 Nov 2026Scheme filed with the NCLT×9 | pendingraw -4.4% reaction day | ₹249 | 23,004 Cr | 161.6 | — | — |
 Thomas CookTour Travel Related Services | Tribunal admits Thomas Cook restructuring at 81:100 share ratio5 Nov 2026Demerger ratio announcedScheme filed with the NCLT×2 | pending — —raw +12.3 — —vs Nifty Microcap 250 | ₹101 | 4,749 Cr | 23.1vs 26.3 | 4.7% | -6.3% |
 Narayana HrudayalayaHospital | NCLT sanctions demerger of clinical services undertaking4 Nov 2026Scheme filed with the NCLT | pending — —raw -1.8 — —vs Nifty Midcap 150 | ₹1,901 | 38,839 Cr | 45.0vs 44.3 | 5.4% | +73.0% |
 Parag Milk FoodsDairy Products | Parag Milk Foods board approves merger of wholly owned subsidiary3 Nov 2026Scheme filed with the NCLT | pending — —raw +29.1 — —vs Nifty Microcap 250 | ₹328 | 4,100 Cr | 32.5vs 27.4 | 5.0% | +23.1% |
 Dalmia Bharat SUG INSugar | Dalmia Bharat Sugar approves demerger of Hippostores technology business3 Nov 2026Demerger ratio announced | pending — —raw +14.1 — —vs Nifty Microcap 250 | ₹474 | 3,837 Cr | 15.4vs 14.6 | 2.5% | +26.1% |
 Tata SteelIron & Steel | Tata Steel amalgamation with Rujuvalika becomes effective3 Nov 2026Scheme filed with the NCLT×3 | -0.7% — —raw +1.6 — —vs Nifty 100 | ₹186 | 2.33 L Cr | 21.1vs 13.0 | 7.6% | +14.3% |
 JSW SteelIron & Steel | Piombino Steel merger with JSW Steel becomes effective1 Nov 2026Scheme filed with the NCLT×10 | +2.5% — —raw +5.7 — —vs Nifty 100 | ₹1,357 | 4.14 L Cr | 11.7vs 13.0 | 7.1% | +20.7% |
 Shish IndustriesPlastic Products - Industrial | National Company Law Tribunal directs vote on merger of two wholly owned companies31 Oct 2026Scheme filed with the NCLT×3 | -8.1% — —raw -6.4 — —vs Nifty Microcap 250 | ₹11.78 | 497 Cr | 1178.0vs 14.9 | -0.2% | +36.3% |
 Taneja Aerospace & AviaAerospace & Defense | TAAL board approves Katra Auto merger effective April 202730 Oct 2026Scheme filed with the NCLT×2 | -1.4% — —raw +0.3 — —vs Nifty Microcap 250 | ₹306 | 781 Cr | 46.5vs 73.2 | 13.4% | -6.8% |
 Pradeep MetalsAuto Components & Equipments | NCLT approves Nami Capital amalgamation with Pradeep Metals29 Oct 2026Scheme filed with the NCLT | -3.8% — —raw -4.9 — —vs Nifty Microcap 250 | ₹581 | 1,003 Cr | 33.1vs 25.4 | 20.9% | +4.5% |
 MTAR TechnologiesOther Electrical Equipment | Tribunal sanctions merger of two wholly owned MTAR subsidiaries29 Oct 2026Scheme filed with the NCLT | -7.7% — —raw -8.3 — —vs Nifty Smallcap 250 | ₹5,449 | 16,759 Cr | 125.6vs 22.5 | 12.4% | +130.4% |
 TVS Motor Company2/3 Wheelers | TVS Motor buys Harita ARC and moves consumer finance business into it28 Oct 2026Demerger ratio announced×4 | +3.8% pending —raw +4.7 +9.9 —vs Nifty 100 | ₹4,492 | 2.13 L Cr | 55.8vs 36.5 | 10.5% | +38.6% |
 Tilak VenturesInvestment Company | Board approves 7:3 split of commodities trading into Tilak Jewels27 Oct 2026Demerger ratio announced×2 | -0.7% — —raw 0.0 — —vs Nifty Microcap 250 | ₹1.29 | 172 Cr | 2.7vs 20.9 | 4.1% | -43.0% |
 Waaree EnergiesOther Electrical Equipment | Waaree acquires data centre arm; Q2 profit Rs 754 crore27 Oct 2026Scheme filed with the NCLT×4 | +0.7% — —raw +1.9 — —vs Nifty Midcap 150 | ₹2,438 | 70,129 Cr | 19.0vs 22.5 | 10.2% | +23.9% |
 EFC (I)Diversified Commercial Services | NCLT sets 27 November 2026 final hearing for EFCIL demerger27 Oct 2026Scheme filed with the NCLT×4 | +0.3% — —raw +1.0 — —vs Nifty Microcap 250 | ₹165 | 2,434 Cr | 8.3vs 14.6 | 8.8% | +30.4% |
 Share Ind. SecuritiesStockbroking & Allied | Tribunal approves revised start date for Silverleaf merger27 Oct 2026Scheme filed with the NCLT×3 | +0.2% — —raw +0.9 — —vs Nifty Microcap 250 | ₹185 | 4,046 Cr | 8.0vs 16.1 | — | +146.8% |
 Privi Speciality CheSpecialty Chemicals | Privi 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 | ₹3,362 | 13,133 Cr | 35.2vs 21.9 | 12.2% | +12.0% |
 Samvrdhna MTHRSN IntlAuto Components & Equipments | NCLT approves Motherson group composite reorganisation26 Oct 2026Scheme filed with the NCLT | +4.2% pending —raw +4.3 +8.6 —vs Nifty 100 | ₹159 | 1.67 L Cr | 35.4vs 25.4 | 4.2% | +26.9% |
 P O C L EnterprisesCommodity Chemicals | POCL shareholders to vote on Planetfirst Green amalgamation26 Oct 2026Scheme filed with the NCLT×5 | -4.9% pending —raw -3.1 +1.4 —vs Nifty Microcap 250 | ₹111 | 343 Cr | 7.8vs 17.1 | 25.7% | — |
 Venmax Drugs and PharmaceuticaPharmaceuticals | Shareholders approve Hatri Pharma amalgamation with Venmax26 Oct 2026Scheme filed with the NCLT×3 | -8.9% pending —raw -7.1 +1.7 —vs Nifty Microcap 250 | ₹13.9 | 16 Cr | 33.9vs 29.3 | 2.0% | +104.9% |
 Mankind PharmaPharmaceuticals | Board approves amalgamation of two wholly owned subsidiaries26 Oct 2026Scheme filed with the NCLT | +11.1% +8.6% —raw +13.1 +14.8 —vs Nifty Midcap 150 | ₹2,540 | 1.05 L Cr | 46.8vs 29.3 | 7.3% | +17.3% |
 Agribio SpiritsBreweries & Distilleries | Shareholders approve Agribiotech Industries amalgamation26 Oct 2026Scheme filed with the NCLT×3 | -1.9% +0.8% —raw +0.3 +5.0 —vs Nifty Microcap 250 | ₹311 | 338 Cr | 78.9vs 26.2 | 1.8% | -91.4% |
 Arisinfra SolutionsOther Construction Materials | Arisunitern merger: National Company Law Tribunal meeting on November 25, 202623 Oct 2026Scheme filed with the NCLT×4 | +4.7% +7.3% —raw +6.9 +11.5 —vs Nifty Microcap 250 | ₹146 | 1,197 Cr | 16.1vs 28.9 | 7.1% | +27.6% |
 Ugro CapitalNon Banking Financial Company (NBFC) | UGRO Capital Profectus merger hearing set for 20 November 202622 Oct 2026Scheme filed with the NCLT×7 | -3.0% -12.0% —raw -4.9 -12.3 —vs Nifty Microcap 250 | ₹71.5 | 1,093 Cr | 5.0vs 17.6 | — | — |
 Jindal StainlessIron & Steel | Board okays Q2 results, scheme to merge 4 wholly-owned subsidiaries22 Oct 2026Scheme filed with the NCLT | -1.7% -6.5% —raw -2.8 -4.2 —vs Nifty Midcap 150 | ₹700 | 57,694 Cr | 17.3vs 13.0 | 8.0% | +18.2% |
 Shyam Metalics and EngyIron & Steel Products | Tribunal approves merger of wholly owned electrocast unit into Shyam Sel and Power22 Oct 2026Scheme filed with the NCLT | -0.9% +1.5% —raw -4.7 +1.2 —vs Nifty Smallcap 250 | ₹1,300 | 36,191 Cr | 26.4vs 15.8 | 8.2% | +33.7% |
 NBCCCivil Construction | NBCC: Corrigendum to MCA order on HSCC merger scheme21 Oct 2026Scheme filed with the NCLT | -1.1% +6.8% —raw -5.0 +6.5 —vs Nifty Smallcap 250 | ₹78 | 21,060 Cr | 26.6vs 13.5 | 13.5% | +16.7% |
 Gocl CorporationExplosives | NCLT meeting on Nov 24 to approve HNPCL merger into GOCL21 Oct 2026Scheme filed with the NCLT×6 | -3.3% -6.2% —raw -6.6 -7.8 —vs Nifty Microcap 250 | ₹333 | 1,650 Cr | 4.5vs 60.3 | 3.2% | +85.0% |
 LactosePharmaceuticals | NCLT approves amalgamation of Vitanosh Ingredients into Lactose India21 Oct 2026Scheme filed with the NCLT×4 | +2.1% +14.5% —raw -1.5 +8.9 —vs Nifty Microcap 250 | ₹102 | 128 Cr | 18.6vs 29.3 | 9.2% | +18.7% |
 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% |
 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% |
 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% |
