 Heg Advanced MaterialElectrodes & Refractories | HEG promoter group gets 12.29% via composite scheme of arrangement21 Sept 2026Demerger Ratio AnnouncedNclt Scheme Filed×29 | pending | ₹249 | 4,796 Cr | 13.4vs 33.2 | 5.9% | +10.3% |
 Shish IndustriesPlastic Products - Industrial | Board to consider merger with two wholly owned subsidiaries on Sept 2319 Sept 2026Nclt Scheme Filed | pending | ₹13.47 | 568 Cr | 70.9vs 15.3 | 4.3% | +7.4% |
 K M Sugar MillsSugar | Record date fixed for distillery demerger - Oct 2, 202619 Sept 2026Demerger Ratio AnnouncedNclt Scheme Filed×18 | pending | ₹28.94 | 266 Cr | 4.8vs 10.8 | 17.7% | -8.8% |
 Veranda Learning SolE-Learning | Regional Director approves amalgamation of two subsidiaries into Veranda Race18 Sept 2026Nclt Scheme Filed×5 | pending | ₹231 | 2,224 Cr | 14.8vs 14.8 | 9.4% | +7.4% |
 GPT InfraprojectsCivil Construction | NCLT orders meetings for amalgamation of two wholly-owned subsidiaries16 Sept 2026Nclt Scheme Filed | +7.0% — — | ₹118 | 1,495 Cr | 15.2vs 14.7 | 16.7% | -3.4% |
 Irm EnergyLPG/CNG/PNG/LNG Supplier | IRM Energy shareholders approve amalgamation with Enertech Distribution12 Sept 2026Nclt Scheme Filed×3 | -6.6% — — | ₹272 | 1,117 Cr | 15.3vs 15.3 | 7.1% | +24.3% |
 Marathon Nxtgen RealtResidential Commercial Projects | Shareholders and creditors approve composite amalgamation and arrangement scheme8 Sept 2026Nclt Scheme FiledDemerger Ratio Announced×8 | -2.6% -7.1% — | ₹415 | 2,798 Cr | 14.2vs 22.1 | 10.2% | +40.3% |
 India GlycolsBreweries & Distilleries | Ennature Bio Pharma allots shares to IGL shareholders under demerger scheme8 Sept 2026Demerger Ratio Announced×10 | +7.2% -10.8% — | ₹256 | 1,716 Cr | 5.2vs 23.9 | 7.3% | +19.4% |
 Pitti EngineeringIndustrial Products | NCLT approves amalgamation of two subsidiaries into Pitti Engineering8 Sept 2026Nclt Scheme Filed×2 | -0.1% -2.9% — | ₹1,136 | 4,277 Cr | 33.8vs 26.8 | 11.2% | +15.9% |
 Share Ind. SecuritiesStockbroking & Allied | NCLT approves Silverleaf Capital amalgamation into Share India8 Sept 2026Nclt Scheme Filed×2 | +14.1% +32.6% — | ₹227 | 4,970 Cr | 13.7vs 15.3 | — | +31.3% |
 Venmax Drugs And PharmaceuticaPharmaceuticals | NCLT orders shareholder meeting for Venmax Hatri Pharma merger8 Sept 2026Nclt Scheme Filed×2 | -2.5% -4.7% — | ₹15.65 | 18 Cr | 38.2vs 29.6 | 2.0% | +104.9% |
 Jubilant Agri N Con Pro LSpecialty Chemicals | Shareholders approve NCLT scheme for demerger of Agri Business7 Sept 2026Nclt Scheme Filed×6 | -3.2% -9.5% — | ₹2,092 | 3,169 Cr | 24.4vs 23.7 | 33.6% | +18.4% |
 LactosePharmaceuticals | Amalgamation with Vitanosh Ingredients effective from Sept 5, 20265 Sept 2026Nclt Scheme Filed×3 | -5.0% -4.8% — | ₹101 | 127 Cr | 21.0vs 29.6 | 9.2% | +64.8% |
 National Stand (india) LResidential Commercial Projects | NCLT meeting notice for NSIL merger with Lodha Developers4 Sept 2026Nclt Scheme Filed | +3.3% +5.0% — | ₹115 | 229 Cr | 23.7vs 22.1 | 4.7% | -100.0% |
 Global EducationEducation | GEL receives 24L shares of RIPL under NCLT-sanctioned demerger scheme4 Sept 2026Nclt Scheme FiledDemerger Ratio Announced×3 | +3.3% +9.9% — | ₹129 | 658 Cr | 25.2vs 22.3 | 25.9% | -5.3% |
 Mawana SugarsMAWANASUG | NCLT approves amalgamation of Mawana Foods with Mawana Sugars3 Sept 2026Nclt Scheme Filed×2 | -0.7% -14.5% — | ₹126 | 494 Cr | 17.9 | 9.3% | +3.8% |
 Almondz Global SecStockbroking & Allied | Corrigendum to post-Scheme shareholding pattern of Resulting Company3 Sept 2026Nclt Scheme FiledDemerger Ratio Announced×2 | +2.4% -5.2% — | ₹18.6 | 325 Cr | 9.6vs 15.3 | — | +40.7% |
 MSP Steel & PowerIron & Steel Products | MSP Steel board approves demerger of MSP Sponge manufacturing biz2 Sept 2026Demerger Ratio Announced×3 | -2.2% -8.2% — | ₹33.17 | 1,880 Cr | 49.5vs 15.9 | -2.3% | +16.3% |
 Thomas CookTour Travel Related Services | NSE no objection for Thomas Cook composite scheme of arrangement2 Sept 2026Nclt Scheme Filed | -0.4% +0.1% — | ₹105 | 4,932 Cr | 22.4vs 27.0 | 9.3% | -13.1% |
 Happiest Minds TechnoComputers - Software & Consulting | Happiest Minds merger with ITC Infotech approved; promoters to sell 22.1% stake31 Aug 2026Nclt Scheme Filed×4 | -13.0% -18.7% — | ₹317 | 4,772 Cr | 21.4vs 16.1 | 12.8% | +14.3% |
 Lux IndustriesGarments & Apparels | Board approves demerger of two business verticals into new listed subsidiaries31 Aug 2026Demerger Ratio AnnouncedNclt Scheme Filed×2 | -3.9% -8.7% — | ₹1,194 | 3,738 Cr | 35.1vs 16.9 | 7.3% | +0.8% |
 Ppap AutomotiveAuto Components & Equipments | NCLT meeting of unsecured creditors for Avinya Batteries amalgamation29 Aug 2026Nclt Scheme Filed×4 | +5.8% -4.4% — | ₹237 | 335 Cr | 7.2vs 26.2 | 12.6% | +34.1% |
 Orient CementCement & Cement Products | Orient Cement NCLT-convened shareholder meeting on Sept 28 for Ambuja merger scheme26 Aug 2026Nclt Scheme Filed×3 | -2.3% -5.6% — | ₹126 | 2,644 Cr | 12.3vs 24.2 | 12.8% | -30.3% |
 Siyaram Silk MillsOther Textile Products | Siyaram allots bonus preference shares under NCLT approved scheme25 Aug 2026Nclt Scheme Filed×4 | -0.4% -1.8% — | ₹530 | 2,405 Cr | 10.1vs 14.9 | 19.2% | +14.4% |
 MPSPrinting & Publication | Unsecured creditors approve MPS-ADIBPO amalgamation scheme22 Aug 2026Nclt Scheme Filed×11 | -6.9% -10.3% — | ₹2,649 | 4,532 Cr | 23.9vs 7.6 | 33.1% | +20.4% |
 Mercantile VenturesDiversified Commercial Services | Walery Security merges into i3 Security; amalgamation scheme effective22 Aug 2026Nclt Scheme Filed×7 | +3.5% +6.4% — | ₹22.22 | 249 Cr | 28.9vs 14.1 | 0.9% | +22.9% |
 Capricorn Systems Global Solut | BSE clears amalgamation scheme of Radical Bio-Organics with Capricorn Systems21 Aug 2026Nclt Scheme Filed | +4.0% +16.9% +34.0% | ₹29.58 | 83 Cr | 37.4 | 0.7% | +2983.3% |
 Kothari Sug & ChemSugar | NSE gives no objection to KSCL merger with Kothari Petrochemicals19 Aug 2026Nclt Scheme Filed×2 | +24.5% +22.1% +0.3% | ₹26.98 | 224 Cr | 40.9vs 10.8 | -0.8% | +25.1% |
 Kothari PetrochemPetrochemicals | NSE no objection for Kothari Sugars merger into Kothari Petrochemicals19 Aug 2026Nclt Scheme Filed | -0.5% -2.6% +1.9% | ₹136 | 800 Cr | 11.1vs 15.4 | 24.9% | -8.8% |
 Ugro CapitalNon Banking Financial Company (NBFC) | UGRO Capital publishes notice for creditor and shareholder meetings on PCPL merger19 Aug 2026Nclt Scheme Filed×4 | +1.0% -0.9% -6.5% | ₹82.28 | 1,257 Cr | 7.5vs 17.8 | — | — |
 Birla CableBIRLACABLE | NSE and BSE clear Birla Cable merger with Vindhya Telelinks scheme14 Aug 2026Nclt Scheme Filed | +1.8% -6.9% +39.5% | ₹389 | 1,167 Cr | 25.3 | 6.9% | +51.1% |
 Vindhya TelelinksCivil Construction | NSE and BSE clear amalgamation of Birla Cable into Vindhya Telelinks14 Aug 2026Nclt Scheme Filed | +3.3% -0.6% +9.0% | ₹2,885 | 3,419 Cr | 14.4vs 14.7 | 1.2% | -20.8% |
 Secmark ConsultancyComputers - Software & Consulting | Board approves amalgamation of two group companies into SecMark Consultancy12 Aug 2026Nclt Scheme Filed×2 | +0.5% -1.9% +11.4% | ₹144 | 150 Cr | 45.8vs 16.1 | 14.3% | +55.5% |
 Salasar Techno Engg.Industrial Products | Salasar shareholders approve Hill View Infrabuild merger scheme11 Aug 2026Nclt Scheme Filed×7 | +1.4% +2.6% -16.9% | ₹4.86 | 850 Cr | 60.8vs 26.8 | 4.6% | -1.5% |
 R K SwamyAdvertising & Media Agencies | Board approves amalgamation of Dsquare Solutions with Hansa Cequity10 Aug 2026Nclt Scheme Filed | +1.1% -8.7% -12.5% | ₹89.32 | 451 Cr | 19.9vs 9.9 | 9.7% | +7.8% |
 Refex IndustriesWaste Management | Refex Industries composite scheme gets shareholder and creditor approval7 Aug 2026Nclt Scheme Filed×9 | +0.7% +1.7% -7.2% | ₹295 | 4,048 Cr | 16.4vs 16.0 | 19.1% | +139.1% |
 SandeshPrint Media | Board approves Sandesh Digital merger, Q1 results, Rs 5 dividend5 Aug 2026Nclt Scheme Filed | +15.1% +9.7% +6.4% | ₹1,035 | 783 Cr | 7.3 | 6.5% | +524.9% |
 Pondy Oxides & ChemDiversified Metals | POCL Board Approves Merger of Wholly-Owned Subsidiary HEEPL4 Aug 2026Nclt Scheme Filed | -8.4% -7.0% -11.1% | ₹473 | 3,609 Cr | 11.8 | 22.8% | +55.1% |
 Vintage Coffee N BVRGS LTea & Coffee | NCLT approves merger of wholly owned subsidiaries into Vintage Coffee4 Aug 2026Nclt Scheme Filed×3 | -1.5% -2.7% +16.8% | ₹176 | 2,569 Cr | 32.6vs 7.4 | 14.0% | +58.5% |
 TCC ConceptInternet & Catalogue Retail | Board approves merger of wholly-owned subsidiary ALTRR into TCC Concept31 Jul 2026Nclt Scheme Filed | -0.1% -12.9% -19.9% | ₹45.68 | 217 Cr | 3.1vs 16.0 | 2.8% | +480.2% |
