शुभ दीपावलीDiwali offer: 3 months free on yearly plans · ends 11 NovSee plans

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 sector · Next day / 1w / 1mPriceMcapP/EROCERev YoY
JSW CementCement & Cement ProductsJSW Cement board approves merger of subsidiary Shiva Cement29 Sept 2026Scheme filed with the NCLT×2+0.2% +4.1% +11.5%raw -1.2 -0.3 +2.8vs Cement & Cement Products peers₹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+0.6% -2.0% +7.8%raw +0.3 -3.7 -1.4vs Electrodes & Refractories peers₹2979,805 Cr14.2vs 30.59.8%-38.5%
TPL PlastechPackagingTPL Plastech board approves merger with Time Technoplast; share swap ratio set29 Sept 2026Scheme filed with the NCLT+9.4% +7.4% +0.7%raw +8.3 +5.6 -5.6vs Packaging peers₹67.2524 Cr16.6vs 15.210.0%+39.9%
True ColorsIndustrial ProductsOutcome of Remote E-voting and e-voting at the Meeting of the Equity Shareholders of True Colors Limited including Scrutinizer''s Report28 Sept 2026Scheme filed with the NCLT×4+0.2% +4.7% -1.7%raw +0.4 +1.8 -9.0vs Industrial Products peers₹146359 Cr17.0vs 25.6——
Orient CementCement & Cement ProductsOrient Cement shareholders approve Ambuja Cements merger scheme28 Sept 2026Scheme filed with the NCLT×3-0.5% -1.7% +4.7%raw -0.8 -6.9 -4.1vs Cement & Cement Products peers₹1252,630 Cr13.4vs 29.45.7%-12.2%
QMS Medical Allied SQMSMEDIQMS Medical Allied Services to acquire 100% of Pune-based BeamOptics Scientific28 Sept 2026Scheme filed with the NCLT×6— — —raw +8.9 -3.5 -11.1no sector peer group₹170328 Cr19.513.5%+22.3%
Transcorp InternationalOther Financial ServicesScheme of Arrangement halted after regulatory feedback26 Sept 2026Scheme filed with the NCLT+3.2% +2.2% +3.3%raw +2.8 -0.0 -3.1vs Other Financial Services peers₹23.976 Cr9.1vs 18.615.1%-22.3%
Dabur IndiaPersonal CareNCLT approves Sesa Care amalgamation with Dabur India26 Sept 2026Scheme filed with the NCLT×3+0.6% -0.1% -1.9%raw -1.3 -2.3 -6.6vs Personal Care peers₹38067,474 Cr33.3vs 34.911.4%+11.7%
RPG Life SciencesPharmaceuticalsRPG Life Sciences: Subsidiary merger scheme approved by board26 Sept 2026Scheme filed with the NCLT+2.6% -3.1% -0.2%raw +1.6 -7.4 -6.6vs Pharmaceuticals peers₹2,5604,234 Cr38.1vs 29.38.8%—
Adani PowerIntegrated Power UtilitiesAdani Power amalgamates 10 wholly owned subsidiaries, scheme effective25 Sept 2026Scheme filed with the NCLT×2-1.0% -2.3% -0.7%raw -3.2 -7.3 -9.3vs Power peers₹2043.94 L Cr21.6vs 21.69.5%+44.5%
Kansai Nerolac PaintsPaintsNCLT sanctions merger of Nerofix with Kansai Nerolac Paints25 Sept 2026Scheme filed with the NCLT+2.5% +3.9% +6.0%raw +0.6 -0.3 -0.6vs Paints peers₹19615,854 Cr25.9vs 33.26.9%+18.6%
Primo ChemicalsCommodity ChemicalsPrimo Chemicals board approves merger of wholly owned subsidiary Flow Tech25 Sept 2026Scheme filed with the NCLT×2+27.8% +15.9% +13.2%raw +26.9 +14.9 +5.4vs Commodity Chemicals peers₹21.65525 Cr44.2vs 17.10.5%+0.1%
IndosolarHeavy Electrical EquipmentIndosolar board approves merger with Waaree Energies23 Sept 2026Scheme filed with the NCLT×2-8.8% -16.3% -15.3%raw -9.8 -18.7 -25.4vs Heavy Electrical Equipment peers₹208865 Cr6.9vs 32.715.3%-23.2%
Pitti EngineeringIndustrial ProductsScheme of Amalgamation becomes effective from 23 Sept 202623 Sept 2026Scheme filed with the NCLT×2-0.2% -2.0% -17.5%raw -0.7 -3.8 -27.1vs Industrial Products peers₹9033,401 Cr26.9vs 25.611.2%+15.9%
Lemon Tree HotelsHotels & ResortsLemon Tree gets NSE and BSE approval for composite restructuring scheme22 Sept 2026Scheme filed with the NCLT-0.5% +2.4% +9.0%raw -0.6 +0.1 +2.0vs Hotels & Resorts peers₹1179,241 Cr35.9vs 25.54.9%+18.0%
Himadri Speciality ChemCarbon BlackHSCL board approves demerger of Dalmia Bharat Refractories Tyre Business into HSCL21 Sept 2026Demerger ratio announcedScheme filed with the NCLT×2-1.0% +1.1% -14.7%raw -1.1 -0.2 -20.2vs Chemicals & Petrochemicals peers₹56928,687 Cr33.511.0%+57.9%
Acme Solar HoldingsPower GenerationACME Solar board approves merger of 3 wholly-owned subsidiaries18 Sept 2026Scheme filed with the NCLT+5.4% +3.1% +1.4%raw +4.7 +0.4 -7.8vs Power Generation peers₹39627,985 Cr33.3vs 21.31.9%+89.6%
NDL VenturesOther Financial ServicesNCLT hearing on NDL Ventures merger adjourned to October 118 Sept 2026Scheme filed with the NCLT×2+1.3% +3.8% -2.5%raw +0.9 +1.4 -8.3vs Other Financial Services peers₹112377 Cr—-10.2%-9.4%
Cello WorldHousewareCello World completes fractional share compensation for Wim Plast merger17 Sept 2026Demerger ratio announcedScheme filed with the NCLT-0.5% +0.5% +11.5%raw -1.8 +0.8 +12.5vs Houseware peers₹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— — —raw +0.7 +0.0 +6.7no sector peer group₹2,75014,488 Cr34.9-1.1%+74.0%
IRM EnergyLPG/CNG/PNG/LNG SupplierIRM Energy shareholders approve amalgamation with Enertech Distribution12 Sept 2026Scheme filed with the NCLT×3-5.5% -3.9% -7.9%raw -6.6 -5.4 -12.1vs LPG/CNG/PNG/LNG Supplier peers₹242994 Cr11.6vs 12.97.1%+29.0%
SiemensHeavy Electrical EquipmentNCLT clears Siemens-SRAPL amalgamation; notice issued to shareholders12 Sept 2026Scheme filed with the NCLT-1.0% -0.5% -0.6%raw -5.4 -2.9 -7.3vs Heavy Electrical Equipment peers₹3,5601.27 L Cr38.5vs 32.76.8%+10.9%
IndiabullsIBULLSLTDIndiabulls to acquire 70% in Fintech Cloud for Rs 1,050 cr via share swap11 Sept 2026Scheme filed with the NCLT— — —raw +10.2 +10.8 +36.3no sector peer group₹29.886,802 Cr11.8—+40.5%
Kiran SyntexOther Textile ProductsKiran Syntex files draft merger scheme with BSE11 Sept 2026Scheme filed with the NCLTpendingraw 0.0% reaction day₹136 Cr—-4.6%-93.8%
Sammaan CapitalHousing Finance CompanyShareholders approve SFL-SCL demerger scheme at NCLT meeting10 Sept 2026Scheme filed with the NCLT×2-3.5% -2.6% -5.8%raw -5.3 -3.8 -11.8vs Housing Finance Company peers₹13215,350 Cr——-31.2%
Tata MotorsCommercial VehiclesTata Motors sends NCLT-ordered notices for merger of two wholly-owned subsidiaries9 Sept 2026Scheme filed with the NCLT-0.9% +0.0% -1.6%raw -2.2 -1.1 -9.3vs Agricultural Commercial & Construction Vehicles peers₹4261.57 L Cr24.820.3%+36.3%
TSF InvestmentsInvestment CompanyNCLT sanctions merger of Forge 2000 into Axles India9 Sept 2026Scheme filed with the NCLT+3.4% +10.2% -0.4%raw +3.2 +8.5 -5.0vs Investment Company peers₹4069,013 Cr18.5vs 20.92.8%+70.9%
Marathon Nxtgen RealtResidential Commercial ProjectsShareholders and creditors approve composite amalgamation and arrangement scheme8 Sept 2026Scheme filed with the NCLTDemerger ratio announced×4-1.6% -4.8% -14.4%raw -2.6 -7.1 -20.8vs Residential Commercial Projects peers₹3982,681 Cr15.2vs 20.44.9%+10.4%
Jubilant Agri N Con ProSpecialty ChemicalsShareholders approve NCLT scheme for demerger of Agri Business7 Sept 2026Scheme filed with the NCLT×3-4.0% -7.6% -9.0%raw -3.2 -9.5 -10.9vs Specialty Chemicals peers₹1,8432,792 Cr26.6vs 21.914.1%+15.0%
Kavveri DFS & WIR TecTelecom - Equipment & AccessoriesBoard approves amalgamation with Samoro Telecoms, swap ratio 453:16 Sept 2026Scheme filed with the NCLTDemerger ratio announced-0.4% +12.7% +45.2%raw -3.5 +6.8 +35.1vs Telecom - Equipment & Accessories peers₹80.8486 Cr—1.1%-63.1%
Thyrocare TechHealthcare Service ProviderAPI Holdings absorbs Docon; 51.02% stake in Thyrocare vests in API4 Sept 2026Scheme filed with the NCLT×2-0.4% -1.6% -6.1%raw -1.0 -2.9 -11.0vs Healthcare Service Provider peers₹4947,863 Cr54.9vs 34.016.4%+25.1%
Global EducationEducationGEL receives 24L shares of RIPL under NCLT-sanctioned demerger scheme4 Sept 2026Scheme filed with the NCLTDemerger ratio announced×3+4.4% +14.1% +24.5%raw +3.3 +9.9 +18.8vs Education peers₹144731 Cr28.0vs 23.725.9%-5.3%
Mawana SugarsMAWANASUGNCLT approves amalgamation of Mawana Foods with Mawana Sugars3 Sept 2026Scheme filed with the NCLT×2— — —raw -0.7 -14.5 -0.9no sector peer group₹151590 Cr21.49.3%+3.8%
Kaiser CorporationTrading & DistributorsKaiser Corporation files for BSE in-principle approval to absorb Emazing Deals3 Sept 2026Scheme filed with the NCLT×3-3.8% -3.9% -1.6%raw -4.0 -6.6 -6.5vs Trading & Distributors peers₹5.1827 Cr—-31.9%-57.6%
Almondz Global SecStockbroking & AlliedCorrigendum to post-Scheme shareholding pattern of Resulting Company3 Sept 2026Scheme filed with the NCLTDemerger ratio announced×2+1.0% -2.5% +10.0%raw +2.4 -5.2 +9.2vs Stockbroking & Allied peers₹18.2348 Cr8.5vs 16.1—+16.8%
MSP Steel & PowerIron & Steel ProductsMSP Steel board approves demerger of MSP Sponge manufacturing biz2 Sept 2026Demerger ratio announced×3-3.0% -7.5% -10.8%raw -2.2 -8.2 -13.0vs Iron & Steel Products peers₹30.171,710 Cr45.0vs 15.8-2.3%+16.3%
Entertain Net. Ind.Media & EntertainmentTimes Horizon acquires 71.15 percent in ENIL via BCCL demerger scheme2 Sept 2026Demerger ratio announcedScheme filed with the NCLT+0.5% +4.5% -5.0%raw -0.9 +0.5 -9.4vs Media & Entertainment peers₹80.3383 Cr—-1.6%-17.3%
KFIN TechnologiesDepositories Clearing Houses and Other IntermediariesBoard approves amalgamation of 3 subsidiaries into KFin Tech1 Sept 2026Scheme filed with the NCLT-0.7% -3.1% -4.2%raw -1.3 -4.1 -7.6vs Capital Markets peers₹91615,832 Cr45.39.7%+29.9%
ITCDiversified FMCGITC subsidiary ITC Infotech amalgamates two step-down units1 Sept 2026Scheme filed with the NCLT-1.2% -0.8% +5.7%raw -1.2 -2.4 +1.0vs Fast Moving Consumer Goods peers₹2833.55 L Cr18.8vs 33.814.9%+43.9%
Happiest Minds TechnoComputers - Software & ConsultingHappiest Minds merger with ITC Infotech approved; promoters to sell 22.1% stake31 Aug 2026Scheme filed with the NCLT×2-12.5% -14.8% -17.7%raw -13.0 -18.7 -25.4vs Computers - Software & Consulting peers₹3154,738 Cr20.5vs 16.47.3%+12.5%
Page 3 of 4PreviousNext
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.