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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 |
|---|---|---|
| EFC (I) Limited | EFC (I) Limited received an NCLT order dispensing with the requirement to hold meetings of shareholders and creditors for its Scheme of Arrangement (Demerger). | |
| Race Eco Chain Limited | Race Eco Chain Limited received an "observation letter" from stock exchanges, granting "no objection" to its draft composite scheme of arrangement (demerger). | |
| Himadri Speciality Chemical Ltd | HSCL board approved demerging Dalmia Bharat Refractories' Tyre Business into the company as a going concern. The demerged business had INR 149.31 crore turnover in FY26. | |
| Himadri Speciality Chemical Ltd | Himadri Speciality Chemical Ltd will hold a board meeting on 21 September 2026 to consider a proposed scheme of arrangement regarding the demerger of DBRL's Tyre Business. | |
| HEG Ltd | HEG Advanced Materials disclosed promoter stake rising to 60.72% via allotment under its Composite Scheme. The demerger splits HEG into HEG Graphite and Bhilwara Energy. | |
| K M Sugar Mills Ltd | K.M. Sugar Mills Ltd. received the certified NCLT order approving its Distillery Division demerger scheme. The appointed date is April 01, 2026. | |
| Genus Prime Infra Ltd | Genus Prime Infra received BSE trading approval for 6.31 crore shares allotted under a scheme of arrangement involving amalgamation and demerger. No transaction value is stated. | |
| Sammaan Capital Limited | Sammaan Capital held an NCLT-convened shareholder meeting to approve a demerger of Sammaan Finserve Limited. Voting results will be declared within two working days. | |
| Jubilant Agri and Consumer Products Limited | Jubilant Agri and Consumer Products Limited held an NCLT-convened meeting of equity shareholders to consider the proposed scheme of demerger. | |
| Global Education Limited | Global Education Limited received 24,00,000 shares of Rishiraj Infravision Private Limited following an NCLT-sanctioned demerger. The company's stake in the resulting entity now stands at 28.24%. | |
| HEG | HEG Limited has been renamed to HEG Advanced Materials Limited, following a composite scheme of arrangement sanctioned by the NCLT. This restructuring involves demerging the graphite business. | |
| Almondz Global Securities Ltd | Almondz Global Securities issued a corrigendum regarding its board meeting outcome. It corrects the post-scheme shareholding pattern for the resulting company following a demerger. | |
| MSP Steel & Power Limited | MSP Steel & Power Limited approved a Scheme of Arrangement to demerge the manufacturing business of MSP Sponge Iron Limited into itself. The Board also approved the annual report. | |
| India Glycols Ltd. | India Glycols Limited has completed its demerger into three separate entities effective September 1, 2026. The scheme, sanctioned by the NCLT, is now operational. | |
| Veranda Learning Solutions Ltd. | Veranda Learning Solutions has implemented its composite scheme of arrangement, effectively merging VXLS and demerging its Commerce Business into JSCEL, effective August 31, 2026. | |
| LUX INDUSTRIES LIMITED | Lux Industries is demerging its Vertical A and Vertical C business undertakings into two resulting companies, Lux and Cozi Limited and Lux Global Limited. Shareholders receive a 1:1 share swap ratio for each entity. | |
| Lux Industries Ltd | Lux Industries approved a Scheme of Arrangement to demerge its 'Vertical A' and 'Vertical C' business undertakings into two separate wholly-owned subsidiaries. | |
| Almondz Global Securities Limited | Almondz Global Securities Limited approved a scheme of arrangement to demerge its Infrastructure Advisory Business into a separate entity, Almondz Global Infra-Consultant Limited. | |
| Global Education Limited | Global Education Limited announced that NCLT sanctioned the demerger of Yola Stays Limited's real estate business into Rishiraj Infravision. The company will receive 24,00,000 RIPL shares. | |
| India Glycols Ltd | India Glycols Ltd received the certified NCLT order approving the Scheme of Arrangement, which involves the demerger of its Biopharma, Spirits, and Biofuel undertakings. | |
| K M Sugar Mills Ltd | K.M. Sugar Mills Limited received NCLT sanction for the demerger of its Distillery Division into KM Spirits and Allied Industries Limited. The official order copy is awaited. |
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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