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
AequsAerospace & DefenseTribunal sanctions Aequs merger with three group companies6 Nov 2026Scheme filed with the NCLTpending₹22014,751 Cr—-4.5%—
MTAR TechnologiesOther Electrical EquipmentTribunal sanctions merger of two wholly owned MTAR subsidiaries29 Oct 2026Scheme filed with the NCLT-7.6% — —raw -8.3 — —vs Other Electrical Equipment peers₹5,44916,759 Cr125.6vs 22.512.4%+130.4%
Privi Speciality CheSpecialty ChemicalsPrivi shareholders approve merger of two private companies27 Oct 2026Scheme filed with the NCLT×3+1.2% -7.2% —raw +3.0 -3.2 —vs Specialty Chemicals peers₹3,36213,133 Cr35.2vs 21.912.2%+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+2.8% +9.0% —raw +0.4 +8.1 —vs Hospital peers₹51617,142 Cr95.6vs 44.34.2%+31.4%
Lloyds Engg WorkIndustrial ProductsUnsecured creditors approve Lloyds Engineering Works merger scheme17 Oct 2026Scheme filed with the NCLT×9-1.6% -5.3% —raw -5.6 -10.3 —vs Industrial Products peers₹83.412,923 Cr49.1vs 25.63.9%+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+3.2% +3.1% —raw +3.1 -2.2 —vs Paper & Paper Products peers₹3686,673 Cr20.1vs 11.54.4%+12.7%
Triveni Engg. & Inds.SugarTPTL gets BSE/NSE listing approval; trading starts Oct 12, 20269 Oct 2026Scheme filed with the NCLT×26+1.4% +1.3% —raw +5.1 +0.1 —vs Sugar peers₹2405,295 Cr15.2vs 14.63.3%+1.7%
CIE Automotive IndiaAuto Components & EquipmentsCIE India: NCLT order on merger of wholly owned subsidiary CIEALCAST8 Oct 2026Scheme filed with the NCLT×2+1.4% +2.4% —raw +2.4 -0.3 —vs Auto Components & Equipments peers₹35413,429 Cr14.4vs 25.47.5%+11.0%
Maharashtra SeamlessIron & Steel ProductsMSL board approves composite demerger into two wholly owned units7 Oct 2026Scheme filed with the NCLTDemerger ratio announced×3-8.9% -13.9% —raw -10.7 -16.8 —vs Iron & Steel Products peers₹5707,639 Cr10.4vs 15.813.0%-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% -1.6% -5.6%raw +2.3 -1.4 -6.4vs Logistics Solution Provider peers₹1175,173 Cr80.3vs 15.54.8%+28.7%
Time TechnoplastPlastic Products - IndustrialBoard approves merger of 74.86% subsidiary TPL Plastech with Time Technoplast29 Sept 2026Scheme filed with the NCLT×2-1.0% -2.7% -8.7%raw -2.5 -5.3 -14.1vs Plastic Products - Industrial peers₹1708,367 Cr15.8vs 14.97.5%+32.0%
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×19+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%
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%
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%
Cello WorldHousewareCello World completes fractional share compensation for Wim Plast merger17 Sept 2026Demerger ratio announcedScheme filed with the NCLT×5-0.5% +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×4— — —raw +0.7 +0.0 +6.7no sector peer group₹2,75014,488 Cr34.9-1.1%+74.0%
IndiabullsIBULLSLTDIndiabulls to acquire 70% in Fintech Cloud for Rs 1,050 cr via share swap11 Sept 2026Scheme filed with the NCLT— — —raw +10.2 +10.8 +36.3no sector peer group₹29.886,802 Cr11.8—+40.5%
Sammaan CapitalHousing Finance CompanyShareholders approve SFL-SCL demerger scheme at NCLT meeting10 Sept 2026Scheme filed with the NCLT×4-3.5% -2.6% -5.8%raw -5.3 -3.8 -11.8vs Housing Finance Company peers₹13215,350 Cr——-31.2%
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%
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%
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%
Sapphire Foods IndiaRestaurantsSapphire Foods-Devyani merger: scheme amended, secondary sale terminated26 Aug 2026Scheme filed with the NCLT×2-4.7% -1.7% -7.9%raw -6.7 -7.5 -12.7vs Restaurants peers₹2106,746 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₹12915,843 Cr—-1.1%+16.5%
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₹2406,641 Cr14.5vs 16.412.2%+15.4%
RHI Magnesita IndiaElectrodes & RefractoriesMerger of Intermetal into Ashwath Technologies becomes effective18 Aug 2026Scheme filed with the NCLT×2-1.3% -1.2% -0.1%raw -1.5 -3.1 -3.3vs Electrodes & Refractories peers₹3607,434 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+3.0% +11.8% +9.5%raw +3.7 +10.8 +11.2vs Healthcare Service Provider peers₹1,47115,149 Cr74.3vs 34.09.6%+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₹2337,943 Cr156.2vs 20.9—+26.4%
Allied Blend N DistilsBreweries & DistilleriesABDL gets NCLT nod to absorb two wholly-owned subsidiaries3 Aug 2026Scheme filed with the NCLT-2.3% +2.6% +2.3%raw -1.2 +1.3 -1.9vs Breweries & Distilleries peers₹70919,831 Cr86.9vs 26.27.8%+6.8%
Orchid PharmaPharmaceuticalsOrchid Pharma allots 4.46 cr shares to Dhanuka Labs shareholders1 Aug 2026Scheme filed with the NCLT×4-0.4% +6.4% -6.3%raw +0.4 +7.9 -4.6vs Pharmaceuticals peers₹8665,186 Cr537.9vs 29.31.3%+75.9%
CESCIntegrated Power UtilitiesCESC subsidiary Purvah Green Power to merge with RPSG Energy Services31 Jul 2026Scheme filed with the NCLT-1.5% +0.4% -4.7%raw -0.8 -1.8 -10.6vs Power peers₹12616,811 Cr10.8vs 21.63.1%-46.4%
Gokaldas ExportsGarments & ApparelsNCLT meeting: shareholders voted on BRFL Textiles amalgamation with Gokaldas Exports31 Jul 2026Scheme filed with the NCLT×3-3.5% -6.6% -3.1%raw -2.1 -6.2 -5.5vs Garments & Apparels peers₹6855,020 Cr36.9vs 17.13.8%+13.1%
Vedanta Oil and GasVOGLVedanta Oil and Gas gets MoPNG nod for demerger of Vedanta oil and gas blocks26 Jul 2026Scheme filed with the NCLT— — —raw -1.3 +7.6 +21.5no sector peer group₹30.8512,062 Cr7.11.8%—
Anant RajResidential Commercial ProjectsAnant Raj approves composite scheme to spin off Data Centre business21 Jul 2026Demerger ratio announcedScheme filed with the NCLT×2-0.9% +3.9% +1.7%raw -3.5 +2.3 +1.0vs Residential Commercial Projects peers₹44716,088 Cr26.5vs 20.45.5%+4.9%
Belrise IndustriesAuto Components & EquipmentsBelrise gets no adverse observations from NSE and BSE for merger scheme4 Jul 2026Scheme filed with the NCLT-0.0% +2.4% +3.5%raw -0.5 +1.3 +5.6vs Auto Components & Equipments peers₹21419,024 Cr35.8vs 25.410.9%+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% -2.5% +3.3%raw +2.8 -2.0 +3.9vs Specialty Chemicals peers₹2,95012,771 Cr19.8vs 21.912.7%+24.5%
PricolAuto Components & EquipmentsPricol Board approves demerger of DICVS business into Pricol Autotech27 Jun 2026Demerger ratio announced×2+2.8% +4.7% +12.1%raw +3.3 +4.4 +13.1vs Auto Components & Equipments peers₹7148,703 Cr30.1vs 25.412.9%+34.7%
The Ramco CementsCement & Cement ProductsNCLT second motion filed for Ramco Windfarms merger with Ramco Cements20 Jun 2026Scheme filed with the NCLT×3-0.2% +6.4% +3.2%raw -0.7 +6.7 +3.6vs Cement & Cement Products peers₹81419,236 Cr31.6vs 29.40.8%+10.0%
Astra MicrowaveAerospace & DefenseAMPL board approves demerger of Space business into ASTPL10 Jun 2026Demerger ratio announced×2+0.1% +9.8% +18.4%raw -4.3 +15.7 +23.2vs Aerospace & Defense peers₹1,56014,810 Cr78.3vs 73.217.2%-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+1.3% +4.7% +15.3%raw +0.7 +3.8 +8.7vs Ferrous Metals peers₹3866,372 Cr17.811.7%+4.6%
Page 1 of 2Next
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.