 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% | ₹68.21 | 532 Cr | 16.8vs 15.7 | 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% | ₹150 | 370 Cr | 17.5vs 26.0 | — | — |
 Orient CementCement & Cement Products | Orient Cement shareholders approve Ambuja Cements merger scheme28 Sept 2026Scheme filed with the NCLT×3 | -0.8% -6.9% -4.1% | ₹125 | 2,635 Cr | 13.4vs 29.9 | 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 | 329 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% | ₹23.63 | 76 Cr | 9.0vs 18.8 | 15.1% | -22.3% |
 Dabur IndiaPersonal Care | NCLT approves Sesa Care amalgamation with Dabur India26 Sept 2026Scheme filed with the NCLT×3 | -1.3% -2.3% -6.6% | ₹386 | 68,494 Cr | 33.8vs 35.0 | 11.4% | +11.7% |
 RPG Life SciencesPharmaceuticals | RPG Life Sciences: Subsidiary merger scheme approved by board26 Sept 2026Scheme filed with the NCLT | +1.6% -7.4% -6.6% | ₹2,573 | 4,256 Cr | 38.3vs 29.2 | 8.8% | — |
 Adani PowerIntegrated Power Utilities | Adani Power amalgamates 10 wholly owned subsidiaries, scheme effective25 Sept 2026Scheme filed with the NCLT×2 | -3.2% -7.3% -9.3% | ₹204 | 3.93 L Cr | 21.5vs 21.5 | 9.5% | +44.5% |
 Kansai Nerolac PaintsPaints | NCLT sanctions merger of Nerofix with Kansai Nerolac Paints25 Sept 2026Scheme filed with the NCLT | +0.6% -0.3% -0.6% | ₹205 | 16,582 Cr | 27.1vs 34.4 | 6.9% | +18.6% |
 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% | ₹21.33 | 517 Cr | 43.5vs 17.3 | 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% | ₹207 | 861 Cr | 6.9vs 34.9 | 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% | ₹932 | 3,511 Cr | 27.8vs 26.0 | 11.2% | +15.9% |
 Lemon Tree HotelsHotels & Resorts | Lemon Tree gets NSE and BSE approval for composite restructuring scheme22 Sept 2026Scheme filed with the NCLT | -0.6% +0.1% +2.0% | ₹118 | 9,306 Cr | 36.2vs 26.3 | 4.9% | +18.0% |
 Himadri Speciality ChemCarbon Black | HSCL board approves demerger of Dalmia Bharat Refractories Tyre Business into HSCL21 Sept 2026Demerger ratio announcedScheme filed with the NCLT×2 | -1.1% -0.2% -20.2% | ₹568 | 28,681 Cr | 33.5 | 11.0% | +57.9% |
 Acme Solar HoldingsPower Generation | ACME Solar board approves merger of 3 wholly-owned subsidiaries18 Sept 2026Scheme filed with the NCLT | +4.7% +0.4% -7.8% | ₹409 | 28,903 Cr | 34.4vs 21.4 | 1.9% | +89.6% |
 NDL VenturesOther Financial Services | NCLT hearing on NDL Ventures merger adjourned to October 118 Sept 2026Scheme filed with the NCLT×2 | +0.9% +1.4% -8.3% | ₹113 | 380 Cr | — | -10.2% | -9.4% |
 Cello WorldHouseware | Cello World completes fractional share compensation for Wim Plast merger17 Sept 2026Demerger ratio announcedScheme filed with the NCLT | -1.8% +0.8% +12.5% | ₹367 | 8,277 Cr | 26.7vs 31.0 | 7.2% | +7.8% |
 Swan Defence N Hevy IndSWANDEF | Amalgamation with Triumph Offshore effective from 17 Sept 202617 Sept 2026Scheme filed with the NCLT×2 | +0.7% +0.0% +6.7% | ₹2,775 | 14,619 Cr | 35.2 | -1.1% | +74.0% |
 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% | ₹238 | 977 Cr | 11.4vs 13.6 | 7.1% | +29.0% |
 SiemensHeavy Electrical Equipment | NCLT clears Siemens-SRAPL amalgamation; notice issued to shareholders12 Sept 2026Scheme filed with the NCLT | -5.4% -2.9% -7.3% | ₹3,416 | 1.22 L Cr | 37.1vs 34.9 | 20.6% | +8.4% |
 IndiabullsIBULLSLTD | Indiabulls to acquire 70% in Fintech Cloud for Rs 1,050 cr via share swap11 Sept 2026Scheme filed with the NCLT | +10.2% +10.8% +36.3% | ₹32.15 | 7,318 Cr | 12.7 | — | +40.5% |
 Kiran SyntexOther Textile Products | Kiran Syntex files draft merger scheme with BSE11 Sept 2026Scheme filed with the NCLT | 0.0% reaction day | ₹12.38 | 5 Cr | — | -4.6% | -93.8% |
 Sammaan CapitalHousing Finance Company | Shareholders approve SFL-SCL demerger scheme at NCLT meeting10 Sept 2026Scheme filed with the NCLT×2 | -5.3% -3.8% -11.8% | ₹133 | 15,490 Cr | — | — | -31.2% |
 Tata MotorsCommercial Vehicles | Tata Motors sends NCLT-ordered notices for merger of two wholly-owned subsidiaries9 Sept 2026Scheme filed with the NCLT | -2.2% -1.1% -9.3% | ₹431 | 1.59 L Cr | 25.1 | 20.3% | +36.3% |
 TSF InvestmentsInvestment Company | NCLT sanctions merger of Forge 2000 into Axles India9 Sept 2026Scheme filed with the NCLT | +3.2% +8.5% -5.0% | ₹406 | 9,019 Cr | 18.5vs 20.4 | 2.8% | +70.9% |
 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% | ₹396 | 2,670 Cr | 15.2vs 19.8 | 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% | ₹1,900 | 2,879 Cr | 27.4vs 21.8 | 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% | ₹81.98 | 493 Cr | — | 1.1% | -63.1% |
 Thyrocare TechHealthcare Service Provider | API Holdings absorbs Docon; 51.02% stake in Thyrocare vests in API4 Sept 2026Scheme filed with the NCLT×2 | -1.0% -2.9% -11.0% | ₹489 | 7,789 Cr | 54.4vs 34.1 | 16.4% | +25.1% |
 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% | ₹145 | 737 Cr | 28.3vs 23.9 | 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% | ₹158 | 619 Cr | 22.4 | 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% | ₹5.42 | 29 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% | ₹17.99 | 344 Cr | 8.4vs 16.2 | — | +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% | ₹30.86 | 1,749 Cr | 46.1vs 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% | ₹82.97 | 396 Cr | — | -1.6% | -17.3% |
 KFIN TechnologiesDepositories Clearing Houses and Other Intermediaries | Board approves amalgamation of 3 subsidiaries into KFin Tech1 Sept 2026Scheme filed with the NCLT | -1.3% -4.1% -7.6% | ₹922 | 15,938 Cr | 45.6 | 9.7% | +29.9% |
 ITCDiversified FMCG | ITC subsidiary ITC Infotech amalgamates two step-down units1 Sept 2026Scheme filed with the NCLT | -1.2% -2.4% +1.0% | ₹279 | 3.49 L Cr | 18.5vs 33.5 | 14.9% | +43.9% |
 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% | ₹318 | 4,783 Cr | 20.7vs 16.3 | 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% | ₹1,156 | 3,617 Cr | 33.8vs 18.0 | 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% | ₹138 | 249 Cr | — | -8.2% | -62.7% |
