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.

Window30 days 90 days 180 daysSizeAll sizes Large cap Mid cap Small capProfitable only

ReactionRaw vs market vs sectorSortMost recent Best 1-week reaction Largest first61 companies · 336 filings in 90 daysExcelpaid plans

Company	Why it’s here — the filing	Reaction Next day / 1w / 1m	Price	Mcap	P/E	ROCE	Rev YoY
Pitti EngineeringIndustrial Products	Scheme of Amalgamation becomes effective from 23 Sept 202623 Sept 2026Scheme filed with the NCLT×2	-0.7% -3.8% -27.1%	₹903	3,401 Cr	26.9vs 25.6	11.2%	+15.9%
IRM EnergyLPG/CNG/PNG/LNG Supplier	IRM Energy shareholders approve amalgamation with Enertech Distribution12 Sept 2026Scheme filed with the NCLT×3	-6.6% -5.4% -12.1%	₹242	994 Cr	11.6vs 12.9	7.1%	+29.0%
Marathon Nxtgen RealtResidential Commercial Projects	Shareholders and creditors approve composite amalgamation and arrangement scheme8 Sept 2026Scheme filed with the NCLTDemerger ratio announced×4	-2.6% -7.1% -20.8%	₹398	2,681 Cr	15.2vs 20.4	4.9%	+10.4%
Jubilant Agri N Con ProSpecialty Chemicals	Shareholders approve NCLT scheme for demerger of Agri Business7 Sept 2026Scheme filed with the NCLT×3	-3.2% -9.5% -10.9%	₹1,843	2,792 Cr	26.6vs 21.9	14.1%	+15.0%
Global EducationEducation	GEL receives 24L shares of RIPL under NCLT-sanctioned demerger scheme4 Sept 2026Scheme filed with the NCLTDemerger ratio announced×3	+3.3% +9.9% +18.8%	₹144	731 Cr	28.0vs 23.7	25.9%	-5.3%
Mawana SugarsMAWANASUG	NCLT approves amalgamation of Mawana Foods with Mawana Sugars3 Sept 2026Scheme filed with the NCLT×2	-0.7% -14.5% -0.9%	₹151	590 Cr	21.4	9.3%	+3.8%
Almondz Global SecStockbroking & Allied	Corrigendum to post-Scheme shareholding pattern of Resulting Company3 Sept 2026Scheme filed with the NCLTDemerger ratio announced×2	+2.4% -5.2% +9.2%	₹18.2	348 Cr	8.5vs 16.1	—	+16.8%
MSP Steel & PowerIron & Steel Products	MSP Steel board approves demerger of MSP Sponge manufacturing biz2 Sept 2026Demerger ratio announced×3	-2.2% -8.2% -13.0%	₹30.17	1,710 Cr	45.0vs 15.8	-2.3%	+16.3%
Happiest Minds TechnoComputers - Software & Consulting	Happiest Minds merger with ITC Infotech approved; promoters to sell 22.1% stake31 Aug 2026Scheme filed with the NCLT×2	-13.0% -18.7% -25.4%	₹315	4,738 Cr	20.5vs 16.4	7.3%	+12.5%
LUX IndustriesGarments & Apparels	Board approves demerger of two business verticals into new listed subsidiaries31 Aug 2026Demerger ratio announcedScheme filed with the NCLT	-3.9% -8.7% -9.8%	₹1,159	3,628 Cr	33.9vs 17.1	3.2%	-7.7%
Siyaram Silk MillsOther Textile Products	Siyaram allots bonus preference shares under NCLT approved scheme25 Aug 2026Scheme filed with the NCLT	-0.4% -1.8% -5.6%	₹498	2,259 Cr	10.0vs 14.7	7.0%	+15.3%
Inox Green Energy SerDiversified Commercial Services	Inox Green allots 4.89 cr IRSL shares under demerger scheme24 Aug 2026Scheme filed with the NCLT	-2.0% -2.0% -2.5%	₹121	4,846 Cr	38.8vs 14.6	9.0%	-23.0%
MPSPrinting & Publication	Unsecured creditors approve MPS-ADIBPO amalgamation scheme22 Aug 2026Scheme filed with the NCLT×4	-6.9% -10.3% -9.7%	₹2,250	3,849 Cr	20.6vs 6.5	18.3%	+15.3%
Mercantile VenturesDiversified Commercial Services	Walery Security merges into i3 Security; amalgamation scheme effective22 Aug 2026Scheme filed with the NCLT	+3.5% +6.4% -8.5%	₹22.59	253 Cr	37.0vs 14.6	0.9%	+22.9%
Capricorn Systems Global Solut	BSE clears amalgamation scheme of Radical Bio-Organics with Capricorn Systems21 Aug 2026Scheme filed with the NCLT	+4.0% +16.9% +34.0%	₹19.2	54 Cr	24.3	0.7%	+2983.3%
Birla CableBIRLACABLE	NSE and BSE clear Birla Cable merger with Vindhya Telelinks scheme14 Aug 2026Scheme filed with the NCLT	+1.8% -6.9% +39.5%	₹346	1,039 Cr	22.5	6.9%	+51.1%
Vindhya TelelinksCivil Construction	NSE and BSE clear amalgamation of Birla Cable into Vindhya Telelinks14 Aug 2026Scheme filed with the NCLT	+3.3% -0.6% +9.0%	₹2,478	2,937 Cr	11.4vs 13.5	2.4%	-12.4%
Secmark ConsultancyComputers - Software & Consulting	Board approves amalgamation of two group companies into SecMark Consultancy12 Aug 2026Scheme filed with the NCLT×2	+0.5% -1.9% +11.4%	₹153	160 Cr	67.4vs 16.4	-1.0%	+27.9%
Salasar Techno Engg.Industrial Products	Salasar shareholders approve Hill View Infrabuild merger scheme11 Aug 2026Scheme filed with the NCLT	+1.4% +2.6% -16.9%	₹4.25	743 Cr	53.1vs 25.6	4.6%	-1.5%
AvenuesaiFinancial Technology (Fintech)	AvenuesAI board OKs merger of Nueromind, Q1 revenue up 109%11 Aug 2026Scheme filed with the NCLT×2	-8.5% -14.8% -7.3%	₹129	4,502 Cr	45.4vs 63.3	2.9%	+46.5%
R K SwamyAdvertising & Media Agencies	Board approves amalgamation of Dsquare Solutions with Hansa Cequity10 Aug 2026Scheme filed with the NCLT	+1.1% -8.7% -12.5%	₹80.15	405 Cr	17.8vs 10.1	9.7%	+7.8%

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.

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