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 first56 companies · 862 filings in 180 daysExcelpaid plans

Company	Why it’s here — the filing	Reaction Next day / 1w / 1m	Price	Mcap	P/E	ROCE	Rev YoY
UPLPesticides & Agrochemicals	UPL gets BSE and NSE nod for composite scheme of arrangement29 Jul 2026Demerger ratio announced	-0.8% -6.7% -7.4%	₹535	45,199 Cr	23.9vs 18.0	1.3%	-1.3%
AstralPlastic Products - Industrial	Astral Withdraws Composite Scheme of Arrangement29 Jul 2026Scheme filed with the NCLT×6	-2.1% -2.6% +3.1%	₹1,254	33,722 Cr	59.3vs 14.9	7.4%	+26.1%
Laurus LabsPharmaceuticals	NCLT advances Laurus Labs composite scheme, next hearing Sept 1025 Jul 2026Scheme filed with the NCLT	+9.3% +14.8% +20.0%	₹2,340	1.26 L Cr	94.3vs 29.3	14.2%	+33.4%
Timken IndiaAbrasives & Bearings	NCLT accepts first motion for Timken GGB Tech amalgamation24 Jul 2026Scheme filed with the NCLT	-1.5% +5.8% +2.1%	₹3,052	22,957 Cr	50.6vs 50.8	9.9%	—
Tech MahindraComputers - Software & Consulting	NCLT-ordered merger notice: Three WOS to merge into Tech Mahindra20 Jul 2026Scheme filed with the NCLT	-1.1% +5.5% +0.5%	₹1,831	1.79 L Cr	29.4vs 16.4	12.9%	+15.6%
Torrent PharmaceuticalsPharmaceuticals	Torrent Pharma allots 4.19 crore shares to JB Chemicals shareholders20 Jul 2026Scheme filed with the NCLT×5	+6.4% +2.8% +5.5%	₹4,750	1.80 L Cr	80.2vs 29.3	4.0%	+50.8%
Aster DM Quality CareHospital	Promoter BCP Asia II Topco acquires 28.11% in Aster DM via scheme14 Jul 2026Scheme filed with the NCLT×9	+1.6% -3.4% +1.4%	₹713	62,160 Cr	98.5vs 44.3	3.3%	+136.3%
Gujarat FluorochemSpecialty Chemicals	BSE and NSE give No Objection for GFCL group restructuring scheme10 Jul 2026Scheme filed with the NCLT	+0.8% +19.5% +16.0%	₹4,700	51,700 Cr	76.4vs 21.9	6.5%	+45.5%
Piramal FinanceNon Banking Financial Company (NBFC)	Piramal Finance files NCLT petition seeking sanction of amalgamation scheme5 Jul 2026Scheme filed with the NCLT×2	+0.3% +1.6% -0.9%	₹2,200	52,063 Cr	26.2vs 17.6	—	+27.4%
Lenskart SolutionsSpeciality Retail	Lenskart board approves JV with China Mingfeng for metal frame making2 Jul 2026Scheme filed with the NCLT×7	+1.1% +1.4% +7.1%	₹727	1.26 L Cr	160.5vs 18.9	4.8%	+35.7%
Ipca LaboratoriesPharmaceuticals	Ipca Labs board approves merger of Krebs Biochemicals26 Jun 2026Scheme filed with the NCLT×2	+5.4% +8.9% +9.6%	₹1,938	49,172 Cr	37.5vs 29.3	15.6%	+20.8%
Apollo Hospitals Enter.Hospital	NCLT meetings approve Apollo Hospitals composite scheme of arrangement26 Jun 2026Scheme filed with the NCLT×15	+1.6% +1.9% +4.0%	₹8,446	1.21 L Cr	54.1vs 44.3	9.7%	+20.8%
Gabriel IndiaAuto Components & Equipments	Gabriel India allots shares under NCLT-approved demerger scheme9 Jun 2026Scheme filed with the NCLTDemerger ratio announced×8	-2.2% +14.9% +18.6%	₹1,380	26,441 Cr	64.8vs 25.4	4.9%	+36.2%
Radico KhaitanBreweries & Distilleries	NCLT clears meeting dispensations for Radico Khaitan amalgamation scheme5 Jun 2026Scheme filed with the NCLT	+0.2% +1.9% +16.9%	₹4,515	60,497 Cr	75.9vs 26.2	15.4%	-46.2%
VedantaDiversified Metals	Please refer the enclosed file.16 May 2026Demerger ratio announced×2	+2.3% +7.6% -7.3%	₹262	1.02 L Cr	4.8	27.5%	-33.9%
Persistent SystemsComputers - Software & Consulting	An update on our earlier intimation bearing Ref. No. NSE & BSE / 2026-27 / 013 dated April 22, 2026 is as enclosed.11 May 2026Scheme filed with the NCLT	-4.9% -1.7% -5.5%	₹6,054	95,494 Cr	52.5vs 16.4	11.7%	+30.3%

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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