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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 sector · Next day / 1w / 1mPriceMcapP/EROCERev YoY
Sapphire Foods IndiaRestaurantsSapphire Foods-Devyani merger: scheme amended, secondary sale terminated26 Aug 2026Scheme filed with the NCLT-4.7% -1.7% -7.9%raw -6.7 -7.5 -12.7vs Restaurants peers₹1936,203 Cr—0.5%+19.6%
Devyani InternationalRestaurantsDIL amends merger scheme with Sapphire Foods; SPA terminated26 Aug 2026Scheme filed with the NCLT-4.4% -0.8% -7.6%raw -6.5 -6.6 -12.4vs Restaurants peers₹11914,610 Cr—-1.1%+16.5%
IRB Infra DevCivil ConstructionIRB Infra board approves merger of 9 wholly-owned subsidiaries into parent26 Aug 2026Scheme filed with the NCLT-1.1% +0.4% -6.5%raw -1.9 -1.3 -12.1vs Civil Construction peers₹16.7620,243 Cr15.5vs 13.72.5%+1.8%
Siyaram Silk MillsOther Textile ProductsSiyaram allots bonus preference shares under NCLT approved scheme25 Aug 2026Scheme filed with the NCLT-0.2% -1.9% -2.9%raw -0.4 -1.8 -5.6vs Other Textile Products peers₹4802,178 Cr9.7vs 14.87.0%+15.3%
Sonata SoftwareComputers - Software & ConsultingMerger of wholly owned subsidiary Encore IT with Sonata effective25 Aug 2026Scheme filed with the NCLT-1.5% -6.6% -3.4%raw -2.1 -7.2 -8.5vs Computers - Software & Consulting peers₹2276,283 Cr13.6vs 15.725.5%+10.6%
Inox Green Energy SerDiversified Commercial ServicesInox Green allots 4.89 cr IRSL shares under demerger scheme24 Aug 2026Scheme filed with the NCLT-1.7% -1.1% +0.1%raw -2.0 -2.0 -2.5vs Diversified Commercial Services peers₹1204,818 Cr38.6vs 15.09.0%-23.0%
The Indian Hotels Co.Hotels & ResortsIHCL board approves amalgamation of Oriental Hotels into itself24 Aug 2026Scheme filed with the NCLT+0.0% -0.1% +1.6%raw 0.0 -0.5 -0.2vs Hotels & Resorts peers₹8451.20 L Cr54.4vs 26.65.6%+21.7%
MPSPrinting & PublicationUnsecured creditors approve MPS-ADIBPO amalgamation scheme22 Aug 2026Scheme filed with the NCLT×4-6.0% -8.7% -10.3%raw -6.9 -10.3 -9.7vs Printing & Publication peers₹2,3023,939 Cr21.1vs 5.618.3%+15.3%
Mercantile VenturesDiversified Commercial ServicesWalery Security merges into i3 Security; amalgamation scheme effective22 Aug 2026Scheme filed with the NCLT+3.5% +6.4% -5.6%raw +3.5 +6.4 -8.5vs Diversified Commercial Services peers₹21.5241 Cr35.3vs 15.00.9%+22.9%
Capricorn Systems Global SolutBSE clears amalgamation scheme of Radical Bio-Organics with Capricorn Systems21 Aug 2026Scheme filed with the NCLT— — —raw +4.0 +16.9 +34.0no sector peer group₹19.8656 Cr25.10.7%+2983.3%
RHI Magnesita IndiaElectrodes & RefractoriesMerger of Intermetal into Ashwath Technologies becomes effective18 Aug 2026Scheme filed with the NCLT-1.3% -1.2% -0.1%raw -1.5 -3.1 -3.3vs Electrodes & Refractories peers₹3647,517 Cr—-8.2%+5.6%
Alkem LaboratoriesPharmaceuticalsAlkem Labs shareholders approve Adroit Biomed amalgamation with 99.99% votes17 Aug 2026Scheme filed with the NCLT+0.7% +0.1% -2.1%raw +0.2 -0.5 -0.3vs Pharmaceuticals peers₹5,20062,166 Cr28.8vs 28.617.8%+10.9%
Birla CableBIRLACABLENSE and BSE clear Birla Cable merger with Vindhya Telelinks scheme14 Aug 2026Scheme filed with the NCLT— — —raw +1.8 -6.9 +39.5no sector peer group₹332996 Cr21.56.9%+51.1%
Vindhya TelelinksCivil ConstructionNSE and BSE clear amalgamation of Birla Cable into Vindhya Telelinks14 Aug 2026Scheme filed with the NCLT+4.3% +0.3% +15.3%raw +3.3 -0.6 +9.0vs Civil Construction peers₹2,7473,256 Cr12.7vs 13.72.4%-12.4%
Spandana Sphoorty FinMicrofinance InstitutionsBoard approves merger of wholly owned Criss Financial with Spandana Sphoorty14 Aug 2026Scheme filed with the NCLT-1.8% +0.9% -4.6%raw -2.4 +0.5 -7.5vs Finance peers₹1821,611 Cr——+41.5%
Delta CorpAmusement Parks/ Other RecreationNCLT meetings approve Delta Corp composite scheme of arrangement13 Aug 2026Scheme filed with the NCLT-0.6% +1.9% -7.5%raw -1.0 +1.4 -11.7vs Leisure Services peers₹75.42,019 Cr—-20.0%-56.6%
Ventura GuarantyDiversified Commercial ServicesMerger of step-down subsidiary VASPL with subsidiary VSL completed13 Aug 2026Scheme filed with the NCLTpending————+6.6%
Secmark ConsultancyComputers - Software & ConsultingBoard approves amalgamation of two group companies into SecMark Consultancy12 Aug 2026Scheme filed with the NCLT×2+0.5% +0.9% +18.4%raw +0.5 -1.9 +11.4vs Computers - Software & Consulting peers₹150157 Cr66.1vs 15.7-1.0%+27.9%
Salasar Techno Engg.Industrial ProductsSalasar shareholders approve Hill View Infrabuild merger scheme11 Aug 2026Scheme filed with the NCLT×2+1.6% +2.7% -16.0%raw +1.4 +2.6 -16.9vs Industrial Products peers₹4.18731 Cr52.3vs 24.54.6%-1.5%
AvenuesaiFinancial Technology (Fintech)AvenuesAI board OKs merger of Nueromind, Q1 revenue up 109%11 Aug 2026Scheme filed with the NCLT×2-9.6% -13.8% -8.4%raw -8.5 -14.8 -7.3vs Financial Technology (Fintech) peers₹12844,785 Cr127.0vs 77.76.2%+109.4%
Godrej PropertiesResidential Commercial ProjectsNCLT scheme effective, Embellish Houses merges into GPL10 Aug 2026Scheme filed with the NCLT-3.8% -3.7% -12.3%raw -5.0 -4.2 -17.1vs Residential Commercial Projects peers₹1,75052,714 Cr39.1vs 21.02.5%+161.4%
R K SwamyAdvertising & Media AgenciesBoard approves amalgamation of Dsquare Solutions with Hansa Cequity10 Aug 2026Scheme filed with the NCLT+1.5% -3.7% -6.7%raw +1.1 -8.7 -12.5vs Advertising & Media Agencies peers₹79.54401 Cr17.7vs 9.89.7%+7.8%
Refex IndustriesWaste ManagementRefex Industries composite scheme gets shareholder and creditor approval7 Aug 2026Scheme filed with the NCLT+2.2% +3.3% -4.2%raw +0.7 +1.7 -7.2vs Waste Management peers₹2233,059 Cr11.8vs 14.010.7%+78.4%
Vijaya Diagnostic CenHealthcare Service ProviderVDCL certifies distribution of proceeds from MDSL amalgamation fractional shares7 Aug 2026Scheme filed with the NCLT+3.0% +11.8% +9.5%raw +3.7 +10.8 +11.2vs Healthcare Service Provider peers₹1,42314,657 Cr71.9vs 34.59.6%+26.7%
Religare Enter.Investment CompanyRBI declines approval for Religare demerger scheme7 Aug 2026Scheme filed with the NCLT-9.8% -6.9% +2.6%raw -10.5 -9.2 -0.7vs Investment Company peers₹2247,637 Cr150.2vs 19.4—+26.4%
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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.