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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
Hindware HME InovatonSanitary WareNational Company Law Tribunal clears business split and merger6 Nov 2026Scheme filed with the NCLTpending₹1681,406 Cr—-0.7%+17.7%
GFLHolding CompanyNCLT sanctions absorption of wholly owned INOX Infrastructure6 Nov 2026Scheme filed with the NCLT×3pending₹51.8569 Cr9.4vs 11.1—+12.3%
Thomas CookTour Travel Related ServicesTribunal admits Thomas Cook restructuring at 81:100 share ratio5 Nov 2026Demerger ratio announcedScheme filed with the NCLT×2+9.4% — —raw +12.3 — —vs Tour Travel Related Services peers₹1014,749 Cr23.1vs 26.34.7%-6.3%
Mindpool TechnologiesMINDPOOLNCLT allows Mindpool and S A Tech amalgamation; shareholder vote pending4 Nov 2026Scheme filed with the NCLTpending₹71.130 Cr79.02.6%—
Parag Milk FoodsDairy ProductsParag Milk Foods board approves merger of wholly owned subsidiary3 Nov 2026Scheme filed with the NCLT+27.5% — —raw +29.1 — —vs Dairy Products peers₹3284,100 Cr32.5vs 27.45.0%+23.1%
Dalmia Bharat SUG INSugarDalmia Bharat Sugar approves demerger of Hippostores technology business3 Nov 2026Demerger ratio announced+10.5% — —raw +14.1 — —vs Sugar peers₹4743,837 Cr15.4vs 14.62.5%+26.1%
BirlanuOther Construction MaterialsBirlaNu to set up wholly owned digital platform subsidiary2 Nov 2026Scheme filed with the NCLT×2-5.2% — —raw -5.6 — —vs Other Construction Materials peers₹1,250946 Cr—-1.7%+9.2%
Shish IndustriesPlastic Products - IndustrialNational Company Law Tribunal directs vote on merger of two wholly owned companies31 Oct 2026Scheme filed with the NCLT×3-7.8% — —raw -6.4 — —vs Plastic Products - Industrial peers₹11.78497 Cr1178.0vs 14.9-0.2%+36.3%
Taneja Aerospace & AviaAerospace & DefenseTAAL board approves Katra Auto merger effective April 202730 Oct 2026Scheme filed with the NCLT×2-1.4% — —raw +0.3 — —vs Aerospace & Defense peers₹306781 Cr46.5vs 73.213.4%-6.8%
Niyogin FintechNon Banking Financial Company (NBFC)Secured creditors review Niyogin composite scheme30 Oct 2026Scheme filed with the NCLT×5+2.9% — —raw +2.9 — —vs Non Banking Financial Company (NBFC) peers₹45501 Cr——-19.8%
Pradeep MetalsAuto Components & EquipmentsNCLT approves Nami Capital amalgamation with Pradeep Metals29 Oct 2026Scheme filed with the NCLT-4.9% — —raw -4.9 — —vs Auto Components & Equipments peers₹5811,003 Cr33.1vs 25.420.9%+4.5%
Tilak VenturesInvestment CompanyBoard approves 7:3 split of commodities trading into Tilak Jewels27 Oct 2026Demerger ratio announced×2-0.6% — —raw 0.0 — —vs Investment Company peers₹1.29172 Cr2.7vs 20.94.1%-43.0%
EFC (I)Diversified Commercial ServicesNCLT sets 27 November 2026 final hearing for EFCIL demerger27 Oct 2026Scheme filed with the NCLT×4+1.1% — —raw +1.0 — —vs Diversified Commercial Services peers₹1652,434 Cr8.3vs 14.68.8%+30.4%
Share Ind. SecuritiesStockbroking & AlliedTribunal approves revised start date for Silverleaf merger27 Oct 2026Scheme filed with the NCLT×3+0.5% — —raw +0.9 — —vs Stockbroking & Allied peers₹1854,046 Cr8.0vs 16.1—+146.8%
P O C L EnterprisesCommodity ChemicalsPOCL shareholders to vote on Planetfirst Green amalgamation26 Oct 2026Scheme filed with the NCLT×5-3.9% -0.3% —raw -3.1 +1.4 —vs Commodity Chemicals peers₹111343 Cr7.8vs 17.125.7%—
Venmax Drugs and PharmaceuticaPharmaceuticalsShareholders approve Hatri Pharma amalgamation with Venmax26 Oct 2026Scheme filed with the NCLT×3-9.7% -2.2% —raw -7.1 +1.7 —vs Pharmaceuticals peers₹13.916 Cr33.9vs 29.32.0%+104.9%
Ekam Leasing & Finance Co.ltd.Diversified Commercial ServicesAmalgamation hearing moved to 14 December 202626 Oct 2026Scheme filed with the NCLT×5+0.9% +6.0% —raw +1.8 +10.0 —vs Diversified Commercial Services peers₹9.456 Cr——+394.1%
Agribio SpiritsBreweries & DistilleriesShareholders approve Agribiotech Industries amalgamation26 Oct 2026Scheme filed with the NCLT×3-2.4% -1.6% —raw +0.3 +5.0 —vs Breweries & Distilleries peers₹311338 Cr78.9vs 26.21.8%-91.4%
Network18 Media & InvMedia & EntertainmentNCLT approves merger of News18 Marathi with Network18 Media23 Oct 2026Scheme filed with the NCLT+2.1% +12.5% —raw +1.7 +12.6 —vs Media & Entertainment peers₹26.84,133 Cr—-2.5%+9.4%
Arisinfra SolutionsOther Construction MaterialsArisunitern merger: National Company Law Tribunal meeting on November 25, 202623 Oct 2026Scheme filed with the NCLT×4+5.4% +11.2% —raw +6.9 +11.5 —vs Other Construction Materials peers₹1461,197 Cr16.1vs 28.97.1%+27.6%
Ugro CapitalNon Banking Financial Company (NBFC)UGRO Capital Profectus merger hearing set for 20 November 202622 Oct 2026Scheme filed with the NCLT×7-3.1% -12.2% —raw -4.9 -12.3 —vs Non Banking Financial Company (NBFC) peers₹71.51,093 Cr5.0vs 17.6——
Gocl CorporationExplosivesNCLT meeting on Nov 24 to approve HNPCL merger into GOCL21 Oct 2026Scheme filed with the NCLT×6-2.8% -5.5% —raw -6.6 -7.8 —vs Chemicals & Petrochemicals peers₹3331,650 Cr4.5vs 60.33.2%+85.0%
LactosePharmaceuticalsNCLT approves amalgamation of Vitanosh Ingredients into Lactose India21 Oct 2026Scheme filed with the NCLT×4+0.7% +10.2% —raw -1.5 +8.9 —vs Pharmaceuticals peers₹102128 Cr18.6vs 29.39.2%+18.7%
Dr. Agarwal's Eye HospHospitalMerger approved; share exchange record date fixed for November 1820 Oct 2026Scheme filed with the NCLT×13-0.9% +5.1% —raw -3.1 +4.3 —vs Hospital peers₹5,4002,608 Cr36.7vs 44.314.3%+20.2%
CL EducateCLEDUCATEBoard approves merger of wholly owned subsidiary DEXIT into CL Educate19 Oct 2026Scheme filed with the NCLT×2— — —raw -14.1 -18.6 —no sector peer group₹55.1299 Cr—2.8%-45.3%
Magnum VenturesPaper & Paper ProductsShareholders to vote on paper business demerger on 20 November 202616 Oct 2026Demerger ratio announcedScheme filed with the NCLT×2+2.0% +6.4% —raw -3.0 +1.3 —vs Paper & Paper Products peers₹18.89129 Cr—-1.4%—
Brooks LabBROOKSBrooks Lab board approves demerger of Manufacturing Business into Abridge14 Oct 2026Demerger ratio announced×2— — —raw -2.5 -13.5 —no sector peer group₹63.05186 Cr14.04.6%-10.0%
GE Power IndiaHeavy Electrical EquipmentNCLT sanctions Scheme of Arrangement for GE Power India14 Oct 2026Scheme filed with the NCLT×3-0.3% -1.7% —raw -1.8 -9.1 —vs Heavy Electrical Equipment peers₹6024,047 Cr14.9vs 32.744.5%+7.6%
K M Sugar MillsSugarDistillery demerger effective; KM Spirits ceases to be subsidiary12 Oct 2026Demerger ratio announced×17+2.6% +15.3% —raw +4.2 +5.3 —vs Sugar peers₹32.11295 Cr6.1vs 14.617.7%-8.8%
Kothari SUG & ChemSugarNCLT meeting on Nov 13 for amalgamation with Kothari Petrochemicals12 Oct 2026Scheme filed with the NCLT×5-1.0% +1.2% —raw +0.6 -8.8 —vs Sugar peers₹23.37194 Cr14.2vs 14.60.7%+30.7%
GPT InfraprojectsCivil ConstructionNCLT meeting notice for amalgamation of Alcon Builders and Jogbani Highway into GPT Infraprojects12 Oct 2026Scheme filed with the NCLT×2+3.5% +2.5% —raw +4.2 -5.0 —vs Civil Construction peers₹1101,396 Cr14.7vs 13.56.6%+4.6%
Kothari PetrochemPetrochemicalsNCLT-convened meeting on Nov 13 for Kothari Sugars-Petrochem amalgamation12 Oct 2026Scheme filed with the NCLT×5-3.8% -3.5% —raw -0.1 -12.7 —vs Petrochemicals peers₹123723 Cr10.1vs 11.824.9%-8.8%
Veranda Learning SolE-LearningCost of acquisition split guidance after JSCEL demerger: 64.50% VLS, 35.50% JSCEL12 Oct 2026Demerger ratio announcedScheme filed with the NCLT×7+9.2% +3.5% —raw +10.2 -1.0 —vs Other Consumer Services peers₹33.5323 Cr2.19.4%+7.4%
National StandResidential Commercial ProjectsNCLT merger scheme with Lodha Developers approved by shareholders9 Oct 2026Scheme filed with the NCLT×3-2.1% +2.4% —raw -1.2 -1.5 —vs Residential Commercial Projects peers₹108216 Cr22.3vs 20.44.7%-100.0%
Roselabs FinanceOther Financial ServicesShareholders approve merger of Roselabs Finance and National Standard into Lodha Developers9 Oct 2026Scheme filed with the NCLT×3— +21.2% —raw — +17.8 —vs Other Financial Services peers₹21.522 Cr—2.2%—
Bhagyanagar IndiaBHAGYANGRDemerger update: Tieramet allots shares to Bhagyanagar India shareholders 1:19 Oct 2026Demerger ratio announcedScheme filed with the NCLT×2— — —raw +10.1 +47.2 —no sector peer group₹73.14234 Cr3.722.0%+45.2%
Royal Cushion Vinyl ProductsGranites & MarblesPromoter stake rises to 45.99% post RSDPL merger share allotment9 Oct 2026Scheme filed with the NCLT×4-2.5% -3.9% —raw -2.3 -3.2 —vs Granites & Marbles peers₹1348 Cr—197.6%-34.6%
SaksoftComputers - Software & ConsultingSaksoft receives NCLT rectified order for Augmento Labs merger9 Oct 2026Scheme filed with the NCLT×2-0.7% +0.3% —raw +1.4 +0.1 —vs Computers - Software & Consulting peers₹1331,768 Cr13.1vs 16.421.4%-0.2%
Shristi Infrastructure DevelopResidential, Commercial ProjectsSIDCL board approves demerger of Krishnagar Sentrum into wholly owned subsidiary6 Oct 2026Demerger ratio announcedScheme filed with the NCLT-5.2% -4.4% —raw -6.7 -4.4 —vs Residential, Commercial Projects peers₹28.1663 Cr—-27.8%-61.5%
India GlycolsBreweries & DistilleriesCost of acquisition apportionment guidance for IGL demerger6 Oct 2026Demerger ratio announcedScheme filed with the NCLT×10+14.1% +3.8% —raw +10.9 +2.8 —vs Breweries & Distilleries peers₹2951,976 Cr6.0vs 26.27.3%+19.4%
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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.

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