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Upcoming demergers
Every demerger filing that listed companies have made on NSE and BSE recently, newest first. A demerger runs for months, from the board approving a scheme to the new company's shares listing, and each step is filed with the exchanges. This list shows those steps as they are filed, so you can see which demergers are under way and how far each one has got.
Demerger filings, newest first
| Company | What was filed | Published |
|---|---|---|
| Hindware Home Innovation Ltd. | Hindware Home Innovation received the certified NCLT order sanctioning its composite demerger and amalgamation scheme, dated 14 October 2026. The effective date and record date will be announced later. | |
| Thomas Cook (India) Ltd | Thomas Cook (India) Ltd announced that the NCLT Mumbai Bench has issued directions regarding its composite scheme of arrangement. The scheme involves demergers and amalgamations with Sterling Holiday Resorts and other group entities. | |
| Narayana Hrudayalaya Ltd. | Narayana Hrudayalaya's NCLT Bengaluru bench sanctioned the demerger of clinical services from its subsidiary NH Integrated Care. Order uploaded today; effectiveness awaits certified copy filings. | |
| India Glycols Limited | India Glycols disclosed that IGL Spirits received BSE and NSE listing approval for 6.70 crore demerger shares. Trading in these equity shares begins on 4 November 2026. | |
| Niyogin Fintech Ltd | Niyogin Fintech's equity shareholders met on 30 October 2026 to approve a composite demerger and amalgamation scheme. Scrutinizer results will follow. | |
| Astra Microwave Products Ltd. | Astra Microwave received exchange observation letters for its Space business demerger into Astra Space Technologies. The scheme remains subject to regulatory approvals. | |
| TVS Holdings Limited | TVS Holdings forwarded TVS Motor's board outcome of October 28, 2026 approving acquisition of Harita ARC and a composite scheme of amalgamation and demerger. The scheme is subject to stock exchange, SEBI, NCLT and shareholder approvals. | |
| TVS Motor Company Ltd | TVS Motor's board approved a composite scheme demerging its consumer finance business into Harita ARC and amalgamating WOS TVS Motor Services. Subject to regulatory and shareholder approvals. | |
| Tilak Ventures Ltd. | Tilak Ventures' board approved demerging its commodities trading division into Tilak Jewels Limited. Shareholders receive resulting company shares in a 7:3 ratio, with no cash involved. | |
| EFC (I) Ltd. | NCLT Mumbai has admitted the demerger scheme petition between EFC Limited and EFC (I) Limited and fixed 27 November 2026 for final hearing. The scheme remains subject to regulatory and other approvals. | |
| Samvardhana Motherson International Ltd. | The NCLT Mumbai Bench approved a composite scheme of arrangement involving four Motherson entities, including a demerger and amalgamations with wholly owned subsidiaries. The excerpt states no transaction value. | |
| Hindware Home Innovation Ltd. | Hindware Home Innovation Limited received the NCLT Kolkata Bench order sanctioning its composite scheme of arrangement involving demerger and amalgamation of its business segments. | |
| Magnum Ventures Limited | Magnum Ventures Limited announced a NCLT-convened meeting on November 20, 2026, to approve a Scheme of Arrangement. The scheme involves demerging a business into Magnum Paperz Limited. | |
| Brooks Laboratories Ltd. | Brooks Laboratories approved a demerger of its Manufacturing Business into its wholly-owned subsidiary, Abridge Speciality Limited, through a scheme of arrangement. | |
| GE Power India Limited | GE Power India received the NCLT sanction order demerging its Durgapur boiler business into JSW Energy. Effective and Record Dates will follow in due course. | |
| JSW Energy Ltd. | JSW Energy received the certified NCLT sanction order for the demerger of GE Power India Limited. The effective date and record date will be intimated separately. | |
| K M Sugar Mills Ltd | K.M. Sugar Mills Ltd. reported the completion of the demerger of its Distillery Division into K M Spirits and Allied Industries Ltd. Equity shares were allotted pursuant to the scheme. | |
| Vedanta Power Ltd | Vedanta Power clarifies Postal Ballot items, including ESOP vesting, demerger asset transfers, and related party transaction values with VAML and VEDL, ensuring transparency for shareholders. | |
| Bhagyanagar India Ltd | Bhagyanagar India announced that Tieramet Limited allotted equity shares to its shareholders, implementing the previously approved demerger Scheme of Arrangement. This completes a major restructuring milestone. | |
| Maharashtra Seamless Ltd | Maharashtra Seamless's board approved a scheme of arrangement to demerge its two seamless pipe manufacturing undertakings into wholly-owned subsidiaries, MSTL and USL. | |
| Shristi Infrastructure Development Corporation Ltd | Shristi Infrastructure Development Corporation approved a demerger of its Krishnagar Sentrum undertaking into its wholly-owned subsidiary, Shristi Realty Holdings Limited, via a scheme of arrangement. | |
| Veranda Learning Solutions Ltd | Veranda Learning Solutions announced the Board of Directors for its demerged entity, J.K. Shah Commerce Education Limited. The new board comprises eight directors including Prof. J.K. Shah. | |
| K M Sugar Mills Ltd | K.M. Sugar Mills Ltd. has announced that the Scheme of Arrangement for the demerger of its Distillery Division has become effective as of October 01, 2026. | |
| QMS Medical Allied Services Limited | QMS Medical Allied Services Limited approved a composite demerger scheme for its healthcare business and the acquisition of a 100% stake in BeamOptics Scientific Private Limited. | |
| Magnum Ventures Ltd | Magnum Ventures received an NCLT order on its First Motion application regarding the proposed scheme of arrangement to demerge its paper business into Magnum Paperz Limited. |
How a demerger moves through the filings
- Board approval of a scheme of arrangement, usually with the share ratio for the new company.
- Exchange observation letters from BSE and NSE saying they have no objection to the scheme.
- NCLT meetings and sanction: the tribunal orders shareholder and creditor meetings, then sanctions the scheme.
- Effective date and record date: the scheme takes effect, and the record date fixes which shareholders receive the new shares.
- Listing of the resulting company's shares, once the exchanges approve it.
The summaries above say which step each filing is. Demergers are one part of M&A and restructuring filings; see also corporate actions.
Get demerger filings as alerts
This page is the free, public list. ALFA Finder members get each filing on Telegram within seconds of it being published, for the stocks they hold and for high-impact filings across NSE and BSE. A real alert looks like this:
Shree Refrigerations secured a Rs 26.44 Crore defence order from Garden Reach Shipbuilders for specialised refrigeration components. Delivery is due by 5 July 2027.
Order value: ₹26.44 Cr · Period: Delivery by 05 July 2027
Frequently asked questions
What is a demerger?
A company moves one of its businesses into a separate company. Shareholders usually receive shares of the new company in a fixed ratio, and those shares are later listed on the exchanges.
What are the stages of a demerger in India?
The board approves a scheme of arrangement, the stock exchanges issue observation letters, the NCLT orders shareholder and creditor meetings and then sanctions the scheme, the scheme becomes effective, a record date fixes who gets the new shares, and the new company's shares are listed. Each step is filed with the exchanges.
How is this list made?
From the NSE and BSE filings ALFA Finder has read, picking the ones whose summary is about a demerger. It is rebuilt hourly. Each row links to the company's own filing, which is the source to rely on.
Can I get an alert when a demerger is filed?
Yes. ALFA Finder sends M&A and restructuring filings, demergers included, to Telegram as they are published. New accounts get a 15-day free trial with a 20-stock watchlist; no payment is needed to start. After the trial, alerts continue on a paid plan.
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