 Hindware HME InovatonSanitary Ware | National Company Law Tribunal clears business split and merger6 Nov 2026Scheme filed with the NCLT | pending | ₹168 | 1,406 Cr | — | -0.7% | +17.7% |
 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% |
 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% |
 Mindpool TechnologiesMINDPOOL | NCLT allows Mindpool and S A Tech amalgamation; shareholder vote pending4 Nov 2026Scheme filed with the NCLT | pending | ₹71.1 | 30 Cr | 79.0 | 2.6% | — |
 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% |
 BirlanuOther Construction Materials | BirlaNu to set up wholly owned digital platform subsidiary2 Nov 2026Scheme filed with the NCLT×2 | -8.0% — —raw -5.6 — —vs Nifty Microcap 250 | ₹1,250 | 946 Cr | — | -1.7% | +9.2% |
 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% |
 Niyogin FintechNon Banking Financial Company (NBFC) | Secured creditors review Niyogin composite scheme30 Oct 2026Scheme filed with the NCLT×5 | +4.0% — —raw +2.9 — —vs Nifty Microcap 250 | ₹45 | 501 Cr | — | — | -19.8% |
 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% |
 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% |
 EFC (I)Diversified Commercial Services | NCLT sets 27 November 2026 final hearing for EFCIL demerger27 Oct 2026Scheme filed with the NCLT×3 | +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% |
 P O C L EnterprisesCommodity Chemicals | POCL shareholders to vote on Planetfirst Green amalgamation26 Oct 2026Scheme filed with the NCLT×4 | -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% |
 Ekam Leasing & Finance Co.ltd.Diversified Commercial Services | Amalgamation hearing moved to 14 December 202626 Oct 2026Scheme filed with the NCLT | -0.0% pending —raw +1.8 +10.0 —vs Nifty Microcap 250 | ₹9.45 | 6 Cr | — | — | +394.1% |
 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% |
 Network18 Media & InvMedia & Entertainment | NCLT approves merger of News18 Marathi with Network18 Media23 Oct 2026Scheme filed with the NCLT | -0.4% +8.4% —raw +1.7 +12.6 —vs Nifty Microcap 250 | ₹26.8 | 4,133 Cr | — | -2.5% | +9.4% |
 Arisinfra SolutionsOther Construction Materials | Arisunitern merger: National Company Law Tribunal meeting on November 25, 202623 Oct 2026Scheme filed with the NCLT×3 | +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×5 | -3.0% -12.0% —raw -4.9 -12.3 —vs Nifty Microcap 250 | ₹71.5 | 1,093 Cr | 5.0vs 17.6 | — | — |
 Gocl CorporationExplosives | NCLT meeting on Nov 24 to approve HNPCL merger into GOCL21 Oct 2026Scheme filed with the NCLT×2 | -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×3 | +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% |
 CL EducateCLEDUCATE | Board approves merger of wholly owned subsidiary DEXIT into CL Educate19 Oct 2026Scheme filed with the NCLT×2 | -9.9% -13.8% —raw -14.1 -18.6 —vs Nifty Microcap 250 | ₹55.1 | 299 Cr | — | 2.8% | -45.3% |
 Magnum VenturesPaper & Paper Products | Shareholders to vote on paper business demerger on 20 November 202616 Oct 2026Demerger ratio announcedScheme filed with the NCLT | +1.2% +6.1% —raw -3.0 +1.3 —vs Nifty Microcap 250 | ₹18.89 | 129 Cr | — | -1.4% | — |
 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×2 | -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% |
 K M Sugar MillsSugar | Distillery demerger effective; KM Spirits ceases to be subsidiary12 Oct 2026Demerger ratio announced×9 | +3.3% +12.8% —raw +4.2 +5.3 —vs Nifty Microcap 250 | ₹32.11 | 295 Cr | 6.1vs 14.6 | 17.7% | -8.8% |
 Kothari SUG & ChemSugar | NCLT meeting on Nov 13 for amalgamation with Kothari Petrochemicals12 Oct 2026Scheme filed with the NCLT×4 | -0.3% -1.3% —raw +0.6 -8.8 —vs Nifty Microcap 250 | ₹23.37 | 194 Cr | 14.2vs 14.6 | 0.7% | +30.7% |
 GPT InfraprojectsCivil Construction | NCLT meeting notice for amalgamation of Alcon Builders and Jogbani Highway into GPT Infraprojects12 Oct 2026Scheme filed with the NCLT×2 | +3.3% +2.5% —raw +4.2 -5.0 —vs Nifty Microcap 250 | ₹110 | 1,396 Cr | 14.7vs 13.5 | 6.6% | +4.6% |
 Kothari PetrochemPetrochemicals | NCLT-convened meeting on Nov 13 for Kothari Sugars-Petrochem amalgamation12 Oct 2026Scheme filed with the NCLT×5 | -1.0% -5.2% —raw -0.1 -12.7 —vs Nifty Microcap 250 | ₹123 | 723 Cr | 10.1vs 11.8 | 24.9% | -8.8% |
 Veranda Learning SolE-Learning | Cost of acquisition split guidance after JSCEL demerger: 64.50% VLS, 35.50% JSCEL12 Oct 2026Demerger ratio announcedScheme filed with the NCLT×6 | +9.2% +3.4% —raw +10.2 -1.0 —vs Nifty Microcap 250 | ₹33.5 | 323 Cr | 2.1 | 9.4% | +7.4% |
 National StandResidential Commercial Projects | NCLT merger scheme with Lodha Developers approved by shareholders9 Oct 2026Scheme filed with the NCLT×3 | -2.2% +3.0% —raw -1.2 -1.5 —vs Nifty Microcap 250 | ₹108 | 216 Cr | 22.3vs 20.4 | 4.7% | -100.0% |
 Roselabs FinanceOther Financial Services | Shareholders approve merger of Roselabs Finance and National Standard into Lodha Developers9 Oct 2026Scheme filed with the NCLT×3 | — +22.3% —raw — +17.8 —vs Nifty Microcap 250 | ₹21.5 | 22 Cr | — | 2.2% | — |
 Bhagyanagar IndiaBHAGYANGR | Demerger update: Tieramet allots shares to Bhagyanagar India shareholders 1:19 Oct 2026Demerger ratio announcedScheme filed with the NCLT×2 | +9.1% +51.7% —raw +10.1 +47.2 —vs Nifty Microcap 250 | ₹73.14 | 234 Cr | 3.7 | 22.0% | +45.2% |
 Royal Cushion Vinyl ProductsGranites & Marbles | Promoter stake rises to 45.99% post RSDPL merger share allotment9 Oct 2026Scheme filed with the NCLT×3 | -3.4% +1.3% —raw -2.3 -3.2 —vs Nifty Microcap 250 | ₹13 | 48 Cr | — | 197.6% | -34.6% |
 SaksoftComputers - Software & Consulting | Saksoft receives NCLT rectified order for Augmento Labs merger9 Oct 2026Scheme filed with the NCLT×2 | +0.4% +4.6% —raw +1.4 +0.1 —vs Nifty Microcap 250 | ₹133 | 1,768 Cr | 13.1vs 16.4 | 21.4% | -0.2% |
 Shristi Infrastructure DevelopResidential, Commercial Projects | SIDCL board approves demerger of Krishnagar Sentrum into wholly owned subsidiary6 Oct 2026Demerger ratio announcedScheme filed with the NCLT | -3.7% -2.4% —raw -6.7 -4.4 —vs Nifty Microcap 250 | ₹28.16 | 63 Cr | — | -27.8% | -61.5% |
 India GlycolsBreweries & Distilleries | Cost of acquisition apportionment guidance for IGL demerger6 Oct 2026Demerger ratio announcedScheme filed with the NCLT×7 | +13.9% +4.8% —raw +10.9 +2.8 —vs Nifty Microcap 250 | ₹295 | 1,976 Cr | 6.0vs 26.2 | 7.3% | +19.4% |
