 Heg Advanced MaterialElectrodes & Refractories | HEG promoter group gets 12.29% via composite scheme of arrangement21 Sept 2026Demerger Ratio AnnouncedNclt Scheme Filed×29 | pending | ₹249 | 4,796 Cr | 13.4vs 33.2 | 5.9% | +10.3% |
 Himadri Speciality Chem LCarbon Black | HSCL board approves demerger of Dalmia Bharat Refractories Tyre Business into HSCL21 Sept 2026Demerger Ratio AnnouncedNclt Scheme Filed×2 | pending | ₹674 | 34,023 Cr | 42.3 | 19.7% | +28.0% |
 Shish IndustriesPlastic Products - Industrial | Board to consider merger with two wholly owned subsidiaries on Sept 2319 Sept 2026Nclt Scheme Filed | pending | ₹13.47 | 568 Cr | 70.9vs 15.3 | 4.3% | +7.4% |
 K M Sugar MillsSugar | Record date fixed for distillery demerger - Oct 2, 202619 Sept 2026Demerger Ratio AnnouncedNclt Scheme Filed×18 | pending | ₹28.94 | 266 Cr | 4.8vs 10.8 | 17.7% | -8.8% |
 Acme Solar HoldingsPower Generation | ACME Solar board approves merger of 3 wholly-owned subsidiaries18 Sept 2026Nclt Scheme Filed | pending | ₹457 | 32,268 Cr | 46.7vs 20.0 | 2.7% | +67.8% |
 Veranda Learning SolE-Learning | Regional Director approves amalgamation of two subsidiaries into Veranda Race18 Sept 2026Nclt Scheme Filed×5 | pending | ₹231 | 2,224 Cr | 14.8vs 14.8 | 9.4% | +7.4% |
 Cello WorldHouseware | Cello World completes fractional share compensation for Wim Plast merger17 Sept 2026Demerger Ratio AnnouncedNclt Scheme Filed×5 | -1.8% — — | ₹321 | 7,097 Cr | 22.9vs 32.9 | 16.1% | -0.4% |
 GPT InfraprojectsCivil Construction | NCLT orders meetings for amalgamation of two wholly-owned subsidiaries16 Sept 2026Nclt Scheme Filed | +7.0% — — | ₹118 | 1,495 Cr | 15.2vs 14.7 | 16.7% | -3.4% |
 Triveni Engg. & Inds.Sugar | Triveni Engineering certifies fractional share proceeds under Composite Scheme16 Sept 2026Nclt Scheme Filed×27 | -6.2% — — | ₹239 | 5,268 Cr | 18.7vs 10.8 | 9.4% | -0.2% |
 Irm EnergyLPG/CNG/PNG/LNG Supplier | IRM Energy shareholders approve amalgamation with Enertech Distribution12 Sept 2026Nclt Scheme Filed×3 | -6.6% — — | ₹272 | 1,117 Cr | 15.3vs 15.3 | 7.1% | +24.3% |
 SiemensHeavy Electrical Equipment | NCLT clears Siemens-SRAPL amalgamation; notice issued to shareholders12 Sept 2026Nclt Scheme Filed×2 | -5.4% — — | ₹3,890 | 1.38 L Cr | 42.3vs 33.8 | 20.6% | +8.4% |
 Lloyds Engg WorkIndustrial Products | Notice of unsecured creditors meeting for merger of 3 firms into Lloyds Engineering11 Sept 2026Nclt Scheme Filed×5 | -4.2% — — | ₹85.31 | 12,553 Cr | 49.3vs 26.8 | 11.5% | +142.9% |
 IndiabullsIBULLSLTD | Indiabulls to acquire 70% in Fintech Cloud for Rs 1,050 cr via share swap11 Sept 2026Nclt Scheme Filed | +10.2% — — | ₹28.95 | 6,481 Cr | 15.4 | — | — |
 JSW InfrastructurePort & Port services | JSW Infra completes NCR Rail acquisition via IBC resolution plan10 Sept 2026Nclt Scheme Filed | -4.6% — — | ₹350 | 81,218 Cr | 49.1vs 15.0 | 10.2% | +18.1% |
 The Phoenix MillsResidential Commercial Projects | Phoenix Mills: Effective date of subsidiary merger scheme announced10 Sept 2026Nclt Scheme Filed×2 | -3.0% — — | ₹1,931 | 69,060 Cr | 54.0vs 22.1 | 9.9% | +12.8% |
 Tata MotorsCommercial Vehicles | Tata Motors sends NCLT-ordered notices for merger of two wholly-owned subsidiaries9 Sept 2026Nclt Scheme Filed | -2.2% — — | ₹445 | 1.64 L Cr | 39.1 | 20.7% | — |
 TSF InvestmentsInvestment Company | NCLT sanctions merger of Forge 2000 into Axles India9 Sept 2026Nclt Scheme Filed | +3.2% — — | ₹461 | 10,239 Cr | 21.0vs 24.0 | 2.8% | +70.9% |
 Marathon Nxtgen RealtResidential Commercial Projects | Shareholders and creditors approve composite amalgamation and arrangement scheme8 Sept 2026Nclt Scheme FiledDemerger Ratio Announced×8 | -2.6% -7.1% — | ₹415 | 2,798 Cr | 14.2vs 22.1 | 10.2% | +40.3% |
 India GlycolsBreweries & Distilleries | Ennature Bio Pharma allots shares to IGL shareholders under demerger scheme8 Sept 2026Demerger Ratio Announced×10 | +7.2% -10.8% — | ₹256 | 1,716 Cr | 5.2vs 23.9 | 7.3% | +19.4% |
 Pitti EngineeringIndustrial Products | NCLT approves amalgamation of two subsidiaries into Pitti Engineering8 Sept 2026Nclt Scheme Filed×2 | -0.1% -2.9% — | ₹1,136 | 4,277 Cr | 33.8vs 26.8 | 11.2% | +15.9% |
 Share Ind. SecuritiesStockbroking & Allied | NCLT approves Silverleaf Capital amalgamation into Share India8 Sept 2026Nclt Scheme Filed×2 | +14.1% +32.6% — | ₹227 | 4,970 Cr | 13.7vs 15.3 | — | +31.3% |
 Venmax Drugs And PharmaceuticaPharmaceuticals | NCLT orders shareholder meeting for Venmax Hatri Pharma merger8 Sept 2026Nclt Scheme Filed×2 | -2.5% -4.7% — | ₹15.65 | 18 Cr | 38.2vs 29.6 | 2.0% | +104.9% |
 Jubilant Agri N Con Pro LSpecialty Chemicals | Shareholders approve NCLT scheme for demerger of Agri Business7 Sept 2026Nclt Scheme Filed×6 | -3.2% -9.5% — | ₹2,092 | 3,169 Cr | 24.4vs 23.7 | 33.6% | +18.4% |
 LactosePharmaceuticals | Amalgamation with Vitanosh Ingredients effective from Sept 5, 20265 Sept 2026Nclt Scheme Filed×3 | -5.0% -4.8% — | ₹101 | 127 Cr | 21.0vs 29.6 | 9.2% | +64.8% |
 Lodha DevelopersResidential Commercial Projects | NCLT-ordered meetings set for merger of RFL and NSIL into Lodha Developers4 Sept 2026Nclt Scheme Filed×2 | -0.6% -9.4% — | ₹1,144 | 1.14 L Cr | 27.7vs 22.1 | 15.7% | +43.1% |
 National Stand (india) LResidential Commercial Projects | NCLT meeting notice for NSIL merger with Lodha Developers4 Sept 2026Nclt Scheme Filed | +3.3% +5.0% — | ₹115 | 229 Cr | 23.7vs 22.1 | 4.7% | -100.0% |
 Thyrocare TechHealthcare Service Provider | API Holdings absorbs Docon; 51.02% stake in Thyrocare vests in API4 Sept 2026Nclt Scheme Filed×3 | -1.0% -2.9% — | ₹573 | 9,112 Cr | 33.5vs 22.9 | 33.2% | +24.3% |
 Global EducationEducation | GEL receives 24L shares of RIPL under NCLT-sanctioned demerger scheme4 Sept 2026Nclt Scheme FiledDemerger Ratio Announced×3 | +3.3% +9.9% — | ₹129 | 658 Cr | 25.2vs 22.3 | 25.9% | -5.3% |
 Mawana SugarsMAWANASUG | NCLT approves amalgamation of Mawana Foods with Mawana Sugars3 Sept 2026Nclt Scheme Filed×2 | -0.7% -14.5% — | ₹126 | 494 Cr | 17.9 | 9.3% | +3.8% |
 Almondz Global SecStockbroking & Allied | Corrigendum to post-Scheme shareholding pattern of Resulting Company3 Sept 2026Nclt Scheme FiledDemerger Ratio Announced×2 | +2.4% -5.2% — | ₹18.6 | 325 Cr | 9.6vs 15.3 | — | +40.7% |
 MSP Steel & PowerIron & Steel Products | MSP Steel board approves demerger of MSP Sponge manufacturing biz2 Sept 2026Demerger Ratio Announced×3 | -2.2% -8.2% — | ₹33.17 | 1,880 Cr | 49.5vs 15.9 | -2.3% | +16.3% |
 Thomas CookTour Travel Related Services | NSE no objection for Thomas Cook composite scheme of arrangement2 Sept 2026Nclt Scheme Filed | -0.4% +0.1% — | ₹105 | 4,932 Cr | 22.4vs 27.0 | 9.3% | -13.1% |
 GO Digit General InsGeneral Insurance | CCI detailed order received for Go Digit Infoworks amalgamation scheme1 Sept 2026Nclt Scheme Filed×4 | -0.9% -2.0% — | ₹242 | — | — | — | — |
 Kfin TechnologiesDepositories Clearing Houses and Other Intermediaries | Board approves amalgamation of 3 subsidiaries into KFin Tech1 Sept 2026Nclt Scheme Filed | -1.3% -4.1% — | ₹898 | 15,520 Cr | 45.3 | 18.7% | +30.1% |
 ItcDiversified FMCG | ITC subsidiary ITC Infotech amalgamates two step-down units1 Sept 2026Nclt Scheme Filed×3 | -1.2% -2.4% — | ₹267 | 3.35 L Cr | 16.9vs 38.3 | 35.9% | +27.6% |
 Happiest Minds TechnoComputers - Software & Consulting | Happiest Minds merger with ITC Infotech approved; promoters to sell 22.1% stake31 Aug 2026Nclt Scheme Filed×4 | -13.0% -18.7% — | ₹317 | 4,772 Cr | 21.4vs 16.1 | 12.8% | +14.3% |
 Lux IndustriesGarments & Apparels | Board approves demerger of two business verticals into new listed subsidiaries31 Aug 2026Demerger Ratio AnnouncedNclt Scheme Filed×2 | -3.9% -8.7% — | ₹1,194 | 3,738 Cr | 35.1vs 16.9 | 7.3% | +0.8% |
 Ppap AutomotiveAuto Components & Equipments | NCLT meeting of unsecured creditors for Avinya Batteries amalgamation29 Aug 2026Nclt Scheme Filed×4 | +5.8% -4.4% — | ₹237 | 335 Cr | 7.2vs 26.2 | 12.6% | +34.1% |
 Gujarat EnergyLPG/CNG/PNG/LNG Supplier | Distribution of sale proceeds from fractional entitlements under scheme27 Aug 2026Demerger Ratio AnnouncedNclt Scheme Filed×17 | -1.2% +3.7% — | ₹238 | 22,340 Cr | 10.7vs 15.3 | 10.4% | +140.3% |
 AccCement & Cement Products | ACC shareholder meeting on Sept 29 to approve Ambuja Cements merger27 Aug 2026Nclt Scheme Filed×5 | -2.7% -3.3% — | ₹1,252 | 23,545 Cr | 12.3vs 24.2 | 9.9% | -4.6% |
