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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 filingReaction Next day / 1w / 1mPriceMcapP/EROCERev YoY
PakkaPaper & Paper ProductsNCLT sanctions Pakka Impact amalgamation into Pakka Limited6 Nov 2026Scheme filed with the NCLTpending₹70.56336 Cr16.4vs 11.5—+194.3%
AequsAerospace & DefenseTribunal sanctions Aequs merger with three group companies6 Nov 2026Scheme filed with the NCLTpending₹22014,751 Cr—-4.5%—
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%
Ashok LeylandCommercial VehiclesNCLT approves merger of Hinduja Leyland Finance into NDL Ventures5 Nov 2026Scheme filed with the NCLT×2+1.0% reaction day₹1721.01 L Cr29.17.5%+11.6%
Gujarat EnergyLPG/CNG/PNG/LNG Supplier0.8 million tonne yearly LNG sourcing approved; Q2 profit rises 22% to Rs 639 crore5 Nov 2026Demerger ratio announced×13-3.5% reaction day₹21720,322 Cr9.2vs 12.98.8%+147.7%
GO Digit General InsGeneral InsuranceShareholders approve Go Digit Infoworks amalgamation5 Nov 2026Scheme filed with the NCLT×9-4.4% reaction day₹24923,004 Cr161.6——
Thomas CookTour Travel Related ServicesTribunal admits Thomas Cook restructuring at 81:100 share ratio5 Nov 2026Demerger ratio announcedScheme filed with the NCLT×2+12.3% — —₹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%—
Narayana HrudayalayaHospitalNCLT sanctions demerger of clinical services undertaking4 Nov 2026Scheme filed with the NCLT-1.8% — —₹1,90138,839 Cr45.0vs 44.35.4%+73.0%
Parag Milk FoodsDairy ProductsParag Milk Foods board approves merger of wholly owned subsidiary3 Nov 2026Scheme filed with the NCLT+29.1% — —₹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+14.1% — —₹4743,837 Cr15.4vs 14.62.5%+26.1%
Tata SteelIron & SteelTata Steel amalgamation with Rujuvalika becomes effective3 Nov 2026Scheme filed with the NCLT×3+1.6% — —₹1862.33 L Cr21.1vs 13.07.6%+14.3%
BirlanuOther Construction MaterialsBirlaNu to set up wholly owned digital platform subsidiary2 Nov 2026Scheme filed with the NCLT×2-5.6% — —₹1,250946 Cr—-1.7%+9.2%
JSW SteelIron & SteelPiombino Steel merger with JSW Steel becomes effective1 Nov 2026Scheme filed with the NCLT×10+5.7% — —₹1,3574.14 L Cr11.7vs 13.07.1%+20.7%
Shish IndustriesPlastic Products - IndustrialNational Company Law Tribunal directs vote on merger of two wholly owned companies31 Oct 2026Scheme filed with the NCLT×3-6.4% — —₹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+0.3% — —₹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% — —₹45501 Cr——-19.8%
Pradeep MetalsAuto Components & EquipmentsNCLT approves Nami Capital amalgamation with Pradeep Metals29 Oct 2026Scheme filed with the NCLT-4.9% — —₹5811,003 Cr33.1vs 25.420.9%+4.5%
MTAR TechnologiesOther Electrical EquipmentTribunal sanctions merger of two wholly owned MTAR subsidiaries29 Oct 2026Scheme filed with the NCLT-8.3% — —₹5,44916,759 Cr125.6vs 22.512.4%+130.4%
TVS Motor Company2/3 WheelersTVS Motor buys Harita ARC and moves consumer finance business into it28 Oct 2026Demerger ratio announced×4+4.7% +9.9% —₹4,4922.13 L Cr55.8vs 36.510.5%+38.6%
Tilak VenturesInvestment CompanyBoard approves 7:3 split of commodities trading into Tilak Jewels27 Oct 2026Demerger ratio announced×20.0% +3.2% —₹1.29172 Cr2.7vs 20.94.1%-43.0%
Waaree EnergiesOther Electrical EquipmentWaaree acquires data centre arm; Q2 profit Rs 754 crore27 Oct 2026Scheme filed with the NCLT×4+1.9% — —₹2,43870,129 Cr19.0vs 22.510.2%+23.9%
EFC (I)Diversified Commercial ServicesNCLT sets 27 November 2026 final hearing for EFCIL demerger27 Oct 2026Scheme filed with the NCLT×4+1.0% — —₹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+0.9% — —₹1854,046 Cr8.0vs 16.1—+146.8%
Privi Speciality CheSpecialty ChemicalsPrivi shareholders approve merger of two private companies27 Oct 2026Scheme filed with the NCLT×3+3.0% -3.2% —₹3,36213,133 Cr35.2vs 21.912.2%+12.0%
Samvrdhna MTHRSN IntlAuto Components & EquipmentsNCLT approves Motherson group composite reorganisation26 Oct 2026Scheme filed with the NCLT+4.3% +8.6% —₹1591.67 L Cr35.4vs 25.44.2%+26.9%
P O C L EnterprisesCommodity ChemicalsPOCL shareholders to vote on Planetfirst Green amalgamation26 Oct 2026Scheme filed with the NCLT×5-3.1% +1.4% —₹111343 Cr7.8vs 17.125.7%—
Venmax Drugs and PharmaceuticaPharmaceuticalsShareholders approve Hatri Pharma amalgamation with Venmax26 Oct 2026Scheme filed with the NCLT×3-7.1% +1.7% —₹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+1.8% +10.0% —₹9.456 Cr——+394.1%
Mankind PharmaPharmaceuticalsBoard approves amalgamation of two wholly owned subsidiaries26 Oct 2026Scheme filed with the NCLT+13.1% +14.8% —₹2,5401.05 L Cr46.8vs 29.37.3%+17.3%
Agribio SpiritsBreweries & DistilleriesShareholders approve Agribiotech Industries amalgamation26 Oct 2026Scheme filed with the NCLT×3+0.3% +5.0% —₹311338 Cr78.9vs 26.21.8%-91.4%
Rudra EcovationOther Textile ProductsCross-holdings cancelled under effective Rudra-Shiva Texfabs amalgamation24 Oct 2026Scheme filed with the NCLT×5-3.9% -5.7% ————-1.9%-94.3%
Network18 Media & InvMedia & EntertainmentNCLT approves merger of News18 Marathi with Network18 Media23 Oct 2026Scheme filed with the NCLT+1.7% +12.6% —₹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+6.9% +11.5% —₹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×7-4.9% -12.3% —₹71.51,093 Cr5.0vs 17.6——
Jindal StainlessIron & SteelBoard okays Q2 results, scheme to merge 4 wholly-owned subsidiaries22 Oct 2026Scheme filed with the NCLT-2.8% -4.2% —₹70057,694 Cr17.3vs 13.08.0%+18.2%
Shyam Metalics and EngyIron & Steel ProductsTribunal approves merger of wholly owned electrocast unit into Shyam Sel and Power22 Oct 2026Scheme filed with the NCLT-4.7% +1.2% —₹1,30036,191 Cr26.4vs 15.88.2%+33.7%
NBCCCivil ConstructionNBCC: Corrigendum to MCA order on HSCC merger scheme21 Oct 2026Scheme filed with the NCLT-5.0% +6.5% —₹7821,060 Cr26.6vs 13.513.5%+16.7%
Gocl CorporationExplosivesNCLT meeting on Nov 24 to approve HNPCL merger into GOCL21 Oct 2026Scheme filed with the NCLT×6-6.6% -7.8% —₹3331,650 Cr4.5vs 60.33.2%+85.0%
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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.

MarketPing publishes facts, filings and measured history only — nothing on this page is investment advice, a recommendation or a rating.