 India GlycolsBreweries & Distilleries | Cost of acquisition apportionment guidance for IGL demerger6 Oct 2026Demerger ratio announcedScheme filed with the NCLT×10 | +10.9% +2.8% — | ₹295 | 1,976 Cr | 6.0vs 26.2 | 7.3% | +19.4% |
 Visagar PolytexGarments & Apparels | Composite Scheme of Arrangement for capital reduction and preferential issue filed6 Oct 2026Scheme filed with the NCLT | -1.9% -1.9% — | ₹0.47 | 14 Cr | — | -27.5% | +109.0% |
 Ppap AutomotiveAuto Components & Equipments | NCLT meetings approve merger of Avinya Batteries into PPAP Automotive5 Oct 2026Scheme filed with the NCLT×6 | +7.1% +6.7% -4.2% | ₹220 | 311 Cr | 6.7vs 25.4 | 12.6% | +34.1% |
 BN AgrochemBNAGROCHEM | BN Agrochem: NCLT grants 90-day extension for amalgamation scheme meetings2 Oct 2026Scheme filed with the NCLT×2 | -0.9% -26.5% -45.9% | ₹128 | 1,250 Cr | 26.2 | 3.8% | +22.0% |
 Sunteck RealtyResidential Commercial Projects | Sunteck Realty board approves demerger of Satguru real estate business into itself1 Oct 2026Scheme filed with the NCLT | -0.9% -3.1% +5.5% | ₹298 | 4,377 Cr | 19.7vs 20.4 | 2.5% | +27.1% |
 Inland PrintersPrinting & Publication | NCLT approves merger of Parthiv Corporate Advisory into Inland Printers30 Sept 2026Scheme filed with the NCLT | -2.6% -5.3% — | ₹57.25 | 29 Cr | — | -25.8% | — |
 Shiva CementCement & Cement Products | Please find attached herewith the outcome of the Board Meeting dated 29th September, 2026.29 Sept 2026Scheme filed with the NCLT | -10.3% -14.7% -16.6% | ₹12.92 | 381 Cr | — | -11.0% | +14.1% |
 TPL PlastechPackaging | TPL Plastech board approves merger with Time Technoplast; share swap ratio set29 Sept 2026Scheme filed with the NCLT | +8.3% +5.6% -5.6% | ₹67.2 | 524 Cr | 16.6vs 15.2 | 10.0% | +39.9% |
 True ColorsIndustrial Products | Outcome of Remote E-voting and e-voting at the Meeting of the Equity Shareholders of True Colors Limited including Scrutinizer''s Report28 Sept 2026Scheme filed with the NCLT×4 | +0.4% +1.8% -9.0% | ₹146 | 359 Cr | 17.0vs 25.6 | — | — |
 Orient CementCement & Cement Products | Orient Cement shareholders approve Ambuja Cements merger scheme28 Sept 2026Scheme filed with the NCLT×4 | -0.8% -6.9% -4.1% | ₹125 | 2,630 Cr | 13.4vs 29.4 | 5.7% | -12.2% |
 QMS Medical Allied SQMSMEDI | QMS Medical Allied Services to acquire 100% of Pune-based BeamOptics Scientific28 Sept 2026Scheme filed with the NCLT×6 | +8.9% -3.5% -11.1% | ₹170 | 328 Cr | 19.5 | 13.5% | +22.3% |
 Transcorp InternationalOther Financial Services | Scheme of Arrangement halted after regulatory feedback26 Sept 2026Scheme filed with the NCLT | +2.8% -0.0% -3.1% | ₹23.9 | 76 Cr | 9.1vs 18.6 | 15.1% | -22.3% |
 RPG Life SciencesPharmaceuticals | RPG Life Sciences: Subsidiary merger scheme approved by board26 Sept 2026Scheme filed with the NCLT | +1.6% -7.4% -6.6% | ₹2,560 | 4,234 Cr | 38.1vs 29.3 | 8.8% | — |
 Primo ChemicalsCommodity Chemicals | Primo Chemicals board approves merger of wholly owned subsidiary Flow Tech25 Sept 2026Scheme filed with the NCLT×2 | +26.9% +14.9% +5.4% | ₹21.65 | 525 Cr | 44.2vs 17.1 | 0.5% | +0.1% |
 IndosolarHeavy Electrical Equipment | Indosolar board approves merger with Waaree Energies23 Sept 2026Scheme filed with the NCLT×2 | -9.8% -18.7% -25.4% | ₹208 | 865 Cr | 6.9vs 32.7 | 15.3% | -23.2% |
 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% |
 NDL VenturesOther Financial Services | NCLT hearing on NDL Ventures merger adjourned to October 118 Sept 2026Scheme filed with the NCLT×10 | +0.9% +1.4% -8.3% | ₹112 | 377 Cr | — | -10.2% | -9.4% |
 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% |
 Kiran SyntexOther Textile Products | Kiran Syntex files draft merger scheme with BSE11 Sept 2026Scheme filed with the NCLT×2 | 0.0% reaction day | ₹13 | 6 Cr | — | -4.6% | -93.8% |
 Marathon Nxtgen RealtResidential Commercial Projects | Shareholders and creditors approve composite amalgamation and arrangement scheme8 Sept 2026Scheme filed with the NCLTDemerger ratio announced×6 | -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×5 | -3.2% -9.5% -10.9% | ₹1,843 | 2,792 Cr | 26.6vs 21.9 | 14.1% | +15.0% |
 Kavveri DFS & WIR TecTelecom - Equipment & Accessories | Board approves amalgamation with Samoro Telecoms, swap ratio 453:16 Sept 2026Scheme filed with the NCLTDemerger ratio announced | -3.5% +6.8% +35.1% | ₹80.8 | 486 Cr | — | 1.1% | -63.1% |
 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% |
 Kaiser CorporationTrading & Distributors | Kaiser Corporation files for BSE in-principle approval to absorb Emazing Deals3 Sept 2026Scheme filed with the NCLT×3 | -4.0% -6.6% -6.5% | ₹5.18 | 27 Cr | — | -31.9% | -57.6% |
 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% |
 Entertain Net. Ind.Media & Entertainment | Times Horizon acquires 71.15 percent in ENIL via BCCL demerger scheme2 Sept 2026Demerger ratio announcedScheme filed with the NCLT | -0.9% +0.5% -9.4% | ₹80.3 | 383 Cr | — | -1.6% | -17.3% |
 Happiest Minds TechnoComputers - Software & Consulting | Happiest Minds merger with ITC Infotech approved; promoters to sell 22.1% stake31 Aug 2026Scheme filed with the NCLT×3 | -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×2 | -3.9% -8.7% -9.8% | ₹1,159 | 3,628 Cr | 33.9vs 17.1 | 3.2% | -7.7% |
 S V Global MillResidential, Commercial Projects | Board approves scheme to cancel unclaimed physical shares28 Aug 2026Scheme filed with the NCLT | +6.9% +19.2% +9.7% | ₹132 | 239 Cr | — | -8.2% | -62.7% |
 Siyaram Silk MillsOther Textile Products | Siyaram allots bonus preference shares under NCLT approved scheme25 Aug 2026Scheme filed with the NCLT×4 | -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×3 | -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×10 | -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×7 | +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% |
 Spandana Sphoorty FinMicrofinance Institutions | Board approves merger of wholly owned Criss Financial with Spandana Sphoorty14 Aug 2026Scheme filed with the NCLT | -2.4% +0.5% -7.5% | ₹184 | 1,627 Cr | — | — | +41.5% |
 Delta CorpAmusement Parks/ Other Recreation | NCLT meetings approve Delta Corp composite scheme of arrangement13 Aug 2026Scheme filed with the NCLT | -1.0% +1.4% -11.7% | ₹75.2 | 2,014 Cr | — | -20.0% | -56.6% |
