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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
Aurobindo PharmaPharmaceuticalsInternal merger of two stepdown subsidiaries into Eugia Pharma5 Aug 2026Scheme filed with the NCLT+2.7% +0.8% +2.7%₹1,8001.04 L Cr26.1vs 29.07.6%+23.9%
SandeshPrint MediaBoard approves Sandesh Digital merger, Q1 results, Rs 5 dividend5 Aug 2026Scheme filed with the NCLT+15.1% +9.7% +6.4%₹990749 Cr7.47.1%+85.1%
M&M Fin. ServicesNon Banking Financial Company (NBFC)MMFSL board approves merger of Mahindra Rural Housing Finance into itself5 Aug 2026Scheme filed with the NCLT-1.5% -1.5% -5.9%₹28239,189 Cr10.9vs 17.6—+18.1%
Larsen & ToubroCivil ConstructionL&T shareholders approve transfer of Realty business to subsidiary LTRPL4 Aug 2026Scheme filed with the NCLT×7+1.8% +1.7% +0.2%₹4,1185.67 L Cr31.7vs 13.56.5%+15.8%
Pondy Oxides & ChemDiversified MetalsPOCL Board Approves Merger of Wholly-Owned Subsidiary HEEPL4 Aug 2026Scheme filed with the NCLT-8.4% -7.0% -11.1%₹3963,021 Cr9.922.8%+55.1%
Vintage Coffee N BVRGSTea & CoffeeNCLT approves merger of wholly owned subsidiaries into Vintage Coffee4 Aug 2026Scheme filed with the NCLT×3-1.5% -2.7% +16.8%₹1612,356 Cr29.7vs 14.014.0%+58.5%
Uno MindaAuto Components & EquipmentsUno Minda board approves merger of subsidiary Minda Onkyo India4 Aug 2026Scheme filed with the NCLT×3+3.6% +2.5% +2.8%₹1,32676,577 Cr58.1vs 25.49.4%+38.3%
Allied Blend N DistilsBreweries & DistilleriesABDL gets NCLT nod to absorb two wholly-owned subsidiaries3 Aug 2026Scheme filed with the NCLT-1.2% +1.3% -1.9%₹70919,831 Cr86.9vs 26.27.8%+6.8%
Orchid PharmaPharmaceuticalsOrchid Pharma allots 4.46 cr shares to Dhanuka Labs shareholders1 Aug 2026Scheme filed with the NCLT×4+0.4% +7.9% -4.6%₹8665,186 Cr537.9vs 29.01.3%+75.9%
CESCIntegrated Power UtilitiesCESC subsidiary Purvah Green Power to merge with RPSG Energy Services31 Jul 2026Scheme filed with the NCLT-0.8% -1.8% -10.6%₹12616,811 Cr10.8vs 21.63.1%-46.4%
TCC ConceptInternet & Catalogue RetailBoard approves merger of wholly-owned subsidiary ALTRR into TCC Concept31 Jul 2026Scheme filed with the NCLT-0.1% -12.9% -19.9%₹40.3958 Cr3.2vs 15.81.6%+396.3%
Gokaldas ExportsGarments & ApparelsNCLT meeting: shareholders voted on BRFL Textiles amalgamation with Gokaldas Exports31 Jul 2026Scheme filed with the NCLT×3-2.1% -6.2% -5.5%₹6855,020 Cr36.9vs 17.13.8%+13.1%
ThermaxHeavy Electrical EquipmentThermax Q1 profit drops 85%, board approves subsidiary merger scheme30 Jul 2026Scheme filed with the NCLT×4-3.0% -5.2% -7.8%₹2,73932,635 Cr52.5vs 32.72.7%+11.4%
Mahindra & MahindraPassenger Cars & Utility VehiclesM&M board approves merger of Mauritius subsidiary MICML into parent30 Jul 2026Scheme filed with the NCLT+5.3% +9.2% +1.9%₹3,2873.95 L Cr19.9vs 29.811.5%+27.8%
UPLPesticides & AgrochemicalsUPL gets BSE and NSE nod for composite scheme of arrangement29 Jul 2026Demerger ratio announced-0.8% -6.7% -7.4%₹53545,199 Cr23.9vs 18.01.3%-1.3%
AstralPlastic Products - IndustrialAstral Withdraws Composite Scheme of Arrangement29 Jul 2026Scheme filed with the NCLT×6-2.1% -2.6% +3.1%₹1,25433,722 Cr59.3vs 14.97.4%+26.1%
Transindia Real EstateLogistics Solution ProviderNCLT directs shareholder notice for WOS amalgamation into Transindia Real Estate29 Jul 2026Scheme filed with the NCLT×5+0.5% +15.2% +11.1%₹24.5602 Cr14.9vs 15.51.8%+12.6%
Palco MetalsAluminiumUnsecured creditors approve Palco Metals-P alco Recycle amalgamation scheme29 Jul 2026Scheme filed with the NCLT×5+1.7% +2.5% +6.8%₹21084 Cr10.6vs 16.37.3%-22.2%
Scan ProjectsCement & Cement ProductsScan Projects files 2nd NCLT motion petition for Chanderpur Industries merger27 Jul 2026Scheme filed with the NCLT×3-6.8% -1.4% +12.1%₹97.628 Cr40.8vs 29.415.3%-20.4%
Vedanta Oil and GasVOGLVedanta Oil and Gas gets MoPNG nod for demerger of Vedanta oil and gas blocks26 Jul 2026Scheme filed with the NCLT-1.3% +7.6% +21.5%₹30.8512,062 Cr7.11.8%—
Indo Thai SecStockbroking & AlliedShareholders approve demerger of Broking and Distribution business25 Jul 2026Scheme filed with the NCLT×5+2.7% -43.1% -77.5%₹31.76422 Cr20.2vs 16.1—-68.1%
Laurus LabsPharmaceuticalsNCLT advances Laurus Labs composite scheme, next hearing Sept 1025 Jul 2026Scheme filed with the NCLT+9.3% +14.8% +20.0%₹2,3401.26 L Cr94.3vs 29.014.2%+33.4%
Timken IndiaAbrasives & BearingsNCLT accepts first motion for Timken GGB Tech amalgamation24 Jul 2026Scheme filed with the NCLT-1.5% +5.8% +2.1%₹3,05222,957 Cr50.6vs 50.89.9%—
Dollar IndustriesGarments & ApparelsNCLT composite scheme of arrangement approved by shareholders and creditors24 Jul 2026Scheme filed with the NCLT×4-0.9% +6.2% +4.1%₹2671,513 Cr13.5vs 17.114.1%+1.4%
3I InfotechComputers - Software & Consulting3i Infotech Q1 results, loan conversion in subsidiary, director changes23 Jul 2026Scheme filed with the NCLT-1.4% +22.3% +19.0%₹18.83391 Cr17.6vs 16.42.8%+4.1%
GlosterJute & Jute ProductsGloster Limited: Scheme of Amalgamation with two wholly-owned subsidiaries filed23 Jul 2026Scheme filed with the NCLT×5-0.2% -1.1% -11.9%₹526576 Cr45.01.9%+39.8%
Anant RajResidential Commercial ProjectsAnant Raj approves composite scheme to spin off Data Centre business21 Jul 2026Demerger ratio announcedScheme filed with the NCLT×2-3.5% +2.3% +1.0%₹44716,088 Cr26.5vs 20.45.5%+4.9%
Indo Borax & ChemicalCommodity ChemicalsBoard approves WOS amalgamation and office shift to Nariman Point21 Jul 2026Scheme filed with the NCLT×4-19.0% -20.2% +4.9%₹4201,348 Cr30.1vs 17.14.8%-47.1%
Veefin SolutionsIT Enabled ServicesUnsecured Creditors approve Veefin amalgamation scheme with 100% votes20 Jul 2026Scheme filed with the NCLT×5-7.3% -8.6% -25.2%₹233595 Cr15.3vs 17.6—+117.0%
Tech MahindraComputers - Software & ConsultingNCLT-ordered merger notice: Three WOS to merge into Tech Mahindra20 Jul 2026Scheme filed with the NCLT-1.1% +5.5% +0.5%₹1,8311.79 L Cr29.4vs 16.412.9%+15.6%
Torrent PharmaceuticalsPharmaceuticalsTorrent Pharma allots 4.19 crore shares to JB Chemicals shareholders20 Jul 2026Scheme filed with the NCLT×5+6.4% +2.8% +5.5%₹4,7501.80 L Cr80.2vs 29.04.0%+50.8%
Digispice TechnologiesDIGISPICEDiGiSPICE shareholders approve merger of Spice Money and two other entities15 Jul 2026Scheme filed with the NCLT×5-0.2% -5.8% -12.8%₹1647 Cr18.48.3%-4.8%
Achyut HealthcarePharmaceuticalsBoard approves amalgamation scheme with Zenith Healthcare Limited15 Jul 2026Scheme filed with the NCLT-8.6% -8.3% -9.4%₹7.71186 Cr385.5vs 29.00.7%-70.5%
Zenith Health CarePharmaceuticalsZenith Healthcare board approves merger of Achyut Healthcare into itself14 Jul 2026Scheme filed with the NCLT×3+9.2% +6.9% +1.0%₹3.1317 Cr313.0vs 29.02.6%-11.3%
DigjamOther Textile ProductsNOTICE OF MEETING OF THE EQUITY SHAREHOLDERS OF DIGJAM LIMITED ('COMPANY') AS PER THE DIRECTIONS OF THE NATIONAL COMPANY LAW TRIBUNAL, CHENNAI BENCH ('NCLT' OR 'TRIBUNAL') Scheduled to be held on August 16, 202614 Jul 2026Demerger ratio announcedScheme filed with the NCLT+3.4% -5.2% +17.3%₹56.23112 Cr57.4vs 14.76.7%-29.8%
Aster DM Quality CareHospitalPromoter 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%₹71362,160 Cr98.5vs 44.33.3%+136.3%
J B Chemicals and PharmaPharmaceuticalsTrading in JB Chemicals shares suspended from July 17, 2026 due to amalgamation scheme13 Jul 2026Scheme filed with the NCLT×3+1.9% — ————21.8%-4.8%
MM ForgingsAuto Components & EquipmentsMM Forgings amends MOA after DVS Industries amalgamation10 Jul 2026Scheme filed with the NCLT×6-1.7% +5.0% +16.8%₹6303,040 Cr15.6vs 25.4—+39.6%
Gujarat FluorochemSpecialty ChemicalsBSE and NSE give No Objection for GFCL group restructuring scheme10 Jul 2026Scheme filed with the NCLT+0.8% +19.5% +16.0%₹4,70051,700 Cr76.4vs 21.96.5%+45.5%
Archidply Ind.Plywood Boards/ LaminatesPromoter group inter-se share transfer via NCLT-approved amalgamation8 Jul 2026Scheme filed with the NCLT×2+2.8% +2.3% +20.5%₹92.89185 Cr11.1vs 25.27.6%+12.5%
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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.

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