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 first110 companies · 861 filings in 180 daysExcelpaid plans

Company	Why it’s here — the filing	Reaction Next day / 1w / 1m	Price	Mcap	P/E	ROCE	Rev YoY
GFLHolding Company	NCLT sanctions absorption of wholly owned INOX Infrastructure6 Nov 2026Scheme filed with the NCLT×3	pending	₹51.8	569 Cr	9.4vs 11.1	—	+12.3%
Thomas CookTour Travel Related Services	Tribunal admits Thomas Cook restructuring at 81:100 share ratio5 Nov 2026Demerger ratio announcedScheme filed with the NCLT×2	+12.3% — —	₹101	4,749 Cr	23.1vs 26.3	4.7%	-6.3%
Parag Milk FoodsDairy Products	Parag Milk Foods board approves merger of wholly owned subsidiary3 Nov 2026Scheme filed with the NCLT	+29.1% — —	₹328	4,100 Cr	32.5vs 27.4	5.0%	+23.1%
Dalmia Bharat SUG INSugar	Dalmia Bharat Sugar approves demerger of Hippostores technology business3 Nov 2026Demerger ratio announced	+14.1% — —	₹474	3,837 Cr	15.4vs 15.0	2.5%	+26.1%
Shish IndustriesPlastic Products - Industrial	National Company Law Tribunal directs vote on merger of two wholly owned companies31 Oct 2026Scheme filed with the NCLT×3	-6.4% — —	₹11.78	497 Cr	1178.0vs 14.9	-0.2%	+36.3%
Taneja Aerospace & AviaAerospace & Defense	TAAL board approves Katra Auto merger effective April 202730 Oct 2026Scheme filed with the NCLT×2	+0.3% — —	₹306	781 Cr	46.5vs 73.2	13.4%	-6.8%
Pradeep MetalsAuto Components & Equipments	NCLT approves Nami Capital amalgamation with Pradeep Metals29 Oct 2026Scheme filed with the NCLT	-4.9% — —	₹581	1,003 Cr	33.1vs 25.4	20.9%	+4.5%
Tilak VenturesInvestment Company	Board approves 7:3 split of commodities trading into Tilak Jewels27 Oct 2026Demerger ratio announced×2	0.0% — —	₹1.29	172 Cr	2.7vs 20.9	4.1%	-43.0%
EFC (I)Diversified Commercial Services	NCLT sets 27 November 2026 final hearing for EFCIL demerger27 Oct 2026Scheme filed with the NCLT×4	+1.0% — —	₹165	2,434 Cr	8.3vs 14.6	8.8%	+30.4%
Share Ind. SecuritiesStockbroking & Allied	Tribunal approves revised start date for Silverleaf merger27 Oct 2026Scheme filed with the NCLT×3	+0.9% — —	₹185	4,046 Cr	8.0vs 16.1	—	+146.8%
P O C L EnterprisesCommodity Chemicals	POCL shareholders to vote on Planetfirst Green amalgamation26 Oct 2026Scheme filed with the NCLT×5	-3.1% +1.4% —	₹111	343 Cr	7.8vs 17.1	25.7%	—
Venmax Drugs and PharmaceuticaPharmaceuticals	Shareholders approve Hatri Pharma amalgamation with Venmax26 Oct 2026Scheme filed with the NCLT×3	-7.1% +1.7% —	₹13.9	16 Cr	33.9vs 29.3	2.0%	+104.9%
Agribio SpiritsBreweries & Distilleries	Shareholders approve Agribiotech Industries amalgamation26 Oct 2026Scheme filed with the NCLT×3	+0.3% +5.0% —	₹311	338 Cr	78.9vs 26.2	1.8%	-91.4%
Arisinfra SolutionsOther Construction Materials	Arisunitern merger: National Company Law Tribunal meeting on November 25, 202623 Oct 2026Scheme filed with the NCLT×4	+6.9% +11.5% —	₹146	1,197 Cr	16.1vs 28.9	7.1%	+27.6%
Ugro CapitalNon Banking Financial Company (NBFC)	UGRO Capital Profectus merger hearing set for 20 November 202622 Oct 2026Scheme filed with the NCLT×7	-4.9% -12.3% —	₹71.5	1,093 Cr	5.0vs 17.6	—	—
Gocl CorporationExplosives	NCLT meeting on Nov 24 to approve HNPCL merger into GOCL21 Oct 2026Scheme filed with the NCLT×6	-6.6% -7.8% —	₹333	1,650 Cr	4.5vs 60.3	3.2%	+85.0%
LactosePharmaceuticals	NCLT approves amalgamation of Vitanosh Ingredients into Lactose India21 Oct 2026Scheme filed with the NCLT×4	-1.5% +8.9% —	₹102	128 Cr	18.6vs 29.3	9.2%	+18.7%
Dr. Agarwal's Eye HospHospital	Merger approved; share exchange record date fixed for November 1820 Oct 2026Scheme filed with the NCLT×13	-3.1% +4.3% —	₹5,400	2,608 Cr	36.7vs 44.3	14.3%	+20.2%
Brooks LabBROOKS	Brooks Lab board approves demerger of Manufacturing Business into Abridge14 Oct 2026Demerger ratio announced×2	-2.5% -13.5% —	₹63.05	186 Cr	14.0	4.6%	-10.0%
GE Power IndiaHeavy Electrical Equipment	NCLT sanctions Scheme of Arrangement for GE Power India14 Oct 2026Scheme filed with the NCLT×3	-1.8% -9.1% —	₹602	4,047 Cr	14.9vs 32.7	44.5%	+7.6%
K M Sugar MillsSugar	Distillery demerger effective; KM Spirits ceases to be subsidiary12 Oct 2026Demerger ratio announced×17	+4.2% +5.3% —	₹32.11	295 Cr	6.1vs 15.0	17.7%	-8.8%
Kothari SUG & ChemSugar	NCLT meeting on Nov 13 for amalgamation with Kothari Petrochemicals12 Oct 2026Scheme filed with the NCLT×5	+0.6% -8.8% —	₹23.37	194 Cr	14.2vs 15.0	0.7%	+30.7%
GPT InfraprojectsCivil Construction	NCLT meeting notice for amalgamation of Alcon Builders and Jogbani Highway into GPT Infraprojects12 Oct 2026Scheme filed with the NCLT×2	+4.2% -5.0% —	₹110	1,396 Cr	14.7vs 13.5	6.6%	+4.6%
Kothari PetrochemPetrochemicals	NCLT-convened meeting on Nov 13 for Kothari Sugars-Petrochem amalgamation12 Oct 2026Scheme filed with the NCLT×5	-0.1% -12.7% —	₹123	723 Cr	10.1vs 11.8	24.9%	-8.8%
Veranda Learning SolE-Learning	Cost of acquisition split guidance after JSCEL demerger: 64.50% VLS, 35.50% JSCEL12 Oct 2026Demerger ratio announcedScheme filed with the NCLT×7	+10.2% -1.0% —	₹33.5	323 Cr	2.1	9.4%	+7.4%
National StandResidential Commercial Projects	NCLT merger scheme with Lodha Developers approved by shareholders9 Oct 2026Scheme filed with the NCLT×3	-1.2% -1.5% —	₹108	216 Cr	22.3vs 19.9	4.7%	-100.0%
Bhagyanagar IndiaBHAGYANGR	Demerger update: Tieramet allots shares to Bhagyanagar India shareholders 1:19 Oct 2026Demerger ratio announcedScheme filed with the NCLT×2	+10.1% +47.2% —	₹73.14	234 Cr	3.7	22.0%	+45.2%
SaksoftComputers - Software & Consulting	Saksoft receives NCLT rectified order for Augmento Labs merger9 Oct 2026Scheme filed with the NCLT×2	+1.4% +0.1% —	₹133	1,768 Cr	13.1vs 16.4	21.4%	-0.2%
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%
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% —	₹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 19.9	2.5%	+27.1%
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%
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%

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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