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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₹5,76917,745 Cr133.0vs 20.812.4%+130.4%
Privi Speciality CheSpecialty ChemicalsPrivi shareholders approve merger of two private companies27 Oct 2026Scheme filed with the NCLT×3+0.5% — —raw +3.0 — —vs Nifty Smallcap 250₹3,26812,766 Cr34.2vs 22.212.2%+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×13+4.0% +13.7% —raw +0.4 +8.1 —vs Nifty Microcap 250₹51416,284 Cr109.5vs 44.77.1%+26.0%
Lloyds Engg WorkIndustrial ProductsUnsecured 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₹83.913,000 Cr49.4vs 25.73.9%+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₹3736,770 Cr20.4vs 11.34.4%+12.7%
Triveni Engg. & Inds.SugarTPTL 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₹2455,392 Cr15.4vs 15.63.3%+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₹36213,750 Cr14.7vs 25.97.5%+11.0%
Maharashtra SeamlessIron & Steel ProductsMSL 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₹5707,641 Cr10.4vs 15.713.0%-4.7%
TVS Supply Chain SolLogistics Solution ProviderNCLT Bengaluru sanctions amalgamation of 5 entities into TVS Supply Chain1 Oct 2026Scheme filed with the NCLT×2+1.0% -1.7% —raw +2.3 -1.4 —vs Nifty Microcap 250₹1205,292 Cr82.1vs 15.84.8%+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₹1768,670 Cr17.0vs 14.914.0%+25.1%
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₹12316,651 Cr21.8vs 29.62.4%+33.1%
HEG Advanced MaterialElectrodes & RefractoriesCost of Acquisition Apportionment under HEG Demerger Scheme29 Sept 2026Scheme filed with the NCLTDemerger ratio announced×19+1.2% -3.9% +4.1%raw +0.3 -3.7 -1.4vs Nifty Smallcap 250₹2999,846 Cr14.3vs 30.99.8%-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₹20216,352 Cr26.7vs 34.56.9%+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₹1189,311 Cr39.6vs 27.29.2%+9.1%
Cello WorldHousewareCello World completes fractional share compensation for Wim Plast merger17 Sept 2026Demerger ratio announcedScheme filed with the NCLT×5-3.3% -0.5% +15.0%raw -1.8 +0.8 +12.5vs Nifty Microcap 250₹3698,142 Cr26.3vs 31.216.1%-0.4%
Swan Defence N Hevy IndSWANDEFAmalgamation with Triumph Offshore effective from 17 Sept 202617 Sept 2026Scheme filed with the NCLT×4-0.7% -1.4% +9.3%raw +0.7 +0.0 +6.7vs Nifty Microcap 250₹2,76114,543 Cr35.0-1.1%+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₹31.277,118 Cr12.3—+40.5%
Sammaan CapitalHousing Finance CompanyShareholders approve SFL-SCL demerger scheme at NCLT meeting10 Sept 2026Scheme filed with the NCLT×4-2.4% -3.7% -8.2%raw -5.3 -3.8 -11.8vs Nifty Smallcap 250₹13315,517 Cr——-31.2%
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₹4069,015 Cr18.5vs 20.42.8%+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₹4937,840 Cr54.7vs 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₹91815,872 Cr45.59.7%+29.9%
Sapphire Foods IndiaRestaurantsSapphire Foods-Devyani merger: scheme amended, secondary sale terminated26 Aug 2026Scheme filed with the NCLT×2-7.0% -7.7% -9.5%raw -6.7 -7.5 -12.7vs Nifty Smallcap 250₹2086,686 Cr—0.5%+19.6%
Devyani InternationalRestaurantsDIL amends merger scheme with Sapphire Foods; SPA terminated26 Aug 2026Scheme filed with the NCLT-6.7% -6.7% -9.2%raw -6.5 -6.6 -12.4vs Nifty Smallcap 250₹12815,825 Cr—-1.1%+16.5%
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₹2376,568 Cr14.2vs 16.325.5%+10.6%
RHI Magnesita IndiaElectrodes & RefractoriesMerger of Intermetal into Ashwath Technologies becomes effective18 Aug 2026Scheme filed with the NCLT×2-1.5% -3.9% -2.9%raw -1.5 -3.1 -3.3vs Nifty Smallcap 250₹3637,503 Cr—-8.2%+5.6%
Vijaya Diagnostic CenHealthcare Service ProviderVDCL certifies distribution of proceeds from MDSL amalgamation fractional shares7 Aug 2026Scheme filed with the NCLT+3.8% +10.9% +10.5%raw +3.7 +10.8 +11.2vs Nifty Smallcap 250₹1,42714,700 Cr72.1vs 34.09.6%+26.7%
Religare Enter.Investment CompanyRBI declines approval for Religare demerger scheme7 Aug 2026Scheme filed with the NCLT-10.4% -10.2% -2.7%raw -10.5 -9.2 -0.7vs Nifty Microcap 250₹2287,782 Cr153.1vs 20.4—+26.4%
Allied Blend N DistilsBreweries & DistilleriesABDL gets NCLT nod to absorb two wholly-owned subsidiaries3 Aug 2026Scheme filed with the NCLT-2.0% +0.2% -3.7%raw -1.2 +1.3 -1.9vs Nifty Smallcap 250₹70319,665 Cr86.2vs 26.37.8%+6.8%
Orchid PharmaPharmaceuticalsOrchid Pharma allots 4.46 cr shares to Dhanuka Labs shareholders1 Aug 2026Scheme filed with the NCLT×4-1.4% +4.2% -9.0%raw +0.4 +7.9 -4.6vs Nifty Microcap 250₹9205,507 Cr571.2vs 28.61.3%+75.9%
CESCIntegrated Power UtilitiesCESC subsidiary Purvah Green Power to merge with RPSG Energy Services31 Jul 2026Scheme filed with the NCLT-2.3% -4.2% -13.5%raw -0.8 -1.8 -10.6vs Nifty Smallcap 250₹13117,450 Cr9.0vs 21.65.9%+5.4%
Gokaldas ExportsGarments & ApparelsNCLT meeting: shareholders voted on BRFL Textiles amalgamation with Gokaldas Exports31 Jul 2026Scheme filed with the NCLT×3-3.9% -9.8% -9.9%raw -2.1 -6.2 -5.5vs Nifty Microcap 250₹7395,418 Cr52.6vs 16.66.0%+20.7%
Vedanta Oil and GasVOGLVedanta Oil and Gas gets MoPNG nod for demerger of Vedanta oil and gas blocks26 Jul 2026Scheme filed with the NCLT-1.4% +3.5% +15.7%raw -1.3 +7.6 +21.5vs Nifty Microcap 250₹31.9612,496 Cr7.41.8%—
Anant RajResidential Commercial ProjectsAnant Raj approves composite scheme to spin off Data Centre business21 Jul 2026Demerger ratio announcedScheme filed with the NCLT×2-1.0% +3.3% -0.5%raw -3.5 +2.3 +1.0vs Nifty Smallcap 250₹46916,879 Cr27.9vs 20.85.5%+4.9%
Aditya Birla Fashion & RTSpeciality RetailNCLT clears merger of two ABFRL subsidiaries into the company10 Jul 2026Scheme filed with the NCLT×2-1.0% -3.5% -7.1%raw -1.8 -4.9 -5.8vs Nifty Smallcap 250₹41.935,118 Cr—-7.1%+10.6%
Belrise IndustriesAuto Components & EquipmentsBelrise gets no adverse observations from NSE and BSE for merger scheme4 Jul 2026Scheme filed with the NCLT-0.3% +0.8% +3.6%raw -0.5 +1.3 +5.6vs Nifty Smallcap 250₹22219,770 Cr37.1vs 25.910.9%+12.6%
BASF IndiaSpecialty ChemicalsBASF India NCLT meeting approves 1:1 demerger of agri business into BASIL2 Jul 2026Demerger ratio announcedScheme filed with the NCLT×3+2.3% -3.4% +2.6%raw +2.8 -2.0 +3.9vs Nifty Microcap 250₹2,97812,892 Cr20.0vs 22.212.7%+24.5%
PricolAuto Components & EquipmentsPricol Board approves demerger of DICVS business into Pricol Autotech27 Jun 2026Demerger ratio announced×2+2.6% +5.5% +12.7%raw +3.3 +4.4 +13.1vs Nifty Microcap 250₹7158,713 Cr30.1vs 25.912.9%+34.7%
The Ramco CementsCement & Cement ProductsNCLT second motion filed for Ramco Windfarms merger with Ramco Cements20 Jun 2026Scheme filed with the NCLT×3-0.9% +5.1% +2.7%raw -0.7 +6.7 +3.6vs Nifty Smallcap 250₹79918,890 Cr29.3vs 29.67.1%+9.6%
Astra MicrowaveAerospace & DefenseAMPL board approves demerger of Space business into ASTPL10 Jun 2026Demerger ratio announced×2-1.8% +10.5% +16.3%raw -4.3 +15.7 +23.2vs Nifty Microcap 250₹1,56214,833 Cr78.5vs 75.317.2%-11.6%
Kirloskar Ferrous IndPig IronUpdate in respect of the Scheme of Arrangement and Merger by Absorption of Oliver Engineering Private Limited and Adicca Energy Solutions Private Limited with Kirloskar Ferrous Industries Limited3 Jun 2026Scheme filed with the NCLT-0.1% +0.9% +1.6%raw +0.7 +3.8 +8.7vs Nifty Microcap 250₹4016,607 Cr18.411.7%+4.6%
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How this list is built

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.

MarketPing publishes facts, filings and measured history only — nothing on this page is investment advice, a recommendation or a rating.