5 Stocks to Watch After NCLT and SEBI Approve Mergers and Acquisitions

Synopsis: SEBI approvals, NCLT rulings, and merger-related updates drove stock-specific movements. Muthoot Microfin, Dr Agarwals Health Care, Somany Ceramics,and a few others saw mixed reactions amid restructuring, approvals, and asset sale announcements.

A range of sectors including financial services, healthcare, building materials, automotive manufacturing, and industrial machinery are witnessing important corporate actions. These updates reflect ongoing restructuring efforts, regulatory clearances, and strategic expansion plans.

Key developments across these industries include merger approvals, court-directed schemes, and asset sales. Companies are focusing on consolidation, improving financial health, and reallocating resources to support future growth initiatives.

Muthoot Microfin Ltd

Muthoot Microfin Ltd is a microfinance institution in India focused on providing small loans to women in rural and semi-urban areas for income-generating activities. It primarily operates under the Muthoot Pappachan Group and aims at financial inclusion by supporting entrepreneurship and self-employment.

With a market capitalisation of Rs. 3,278 cr, the shares of Muthoot Microfin Ltd were trading at Rs. 192.30 per share, increasing by 5% in today’s market session, making a high of Rs. 198, up from its previous close of Rs. 188.90 per share. 

SEBI has granted exemption to six Muthoot family trusts, including Thomas John Muthoot (MF) Trust and Preethi John Muthoot (MF) Trust, from open offer requirements under SAST Regulations, 2011. This relates to the indirect acquisition of 8.56 crore shares (50.21%) in Muthoot Microfin Ltd through Muthoot Fincorp Limited.

The restructuring is being carried out in two phases involving intra-family share transfers and consolidation into irrevocable private trusts for succession planning purposes. The overall promoter holding remains unchanged at 55.47%, while public shareholding stays at 42.83%, ensuring no change in control of the company.

Dr Agarwals Health Care Ltd

Dr Agarwals Health Care Ltd is a leading eye care services provider in India, offering ophthalmology treatments including cataract surgery, LASIK, and general eye care. The company operates a large network of eye hospitals across India and select international markets, focusing on affordable and specialised vision care.

With a market capitalisation of Rs. 14,258 cr, the shares of Dr Agarwals Health Care Ltd were trading at Rs. 449.85 per share, decreasing by 3% in today’s market session, making a low of Rs. 449.65, down from its previous close of Rs. 463.45 per share. 

It has been informed that the Hon’ble NCLT Chennai Bench has approved its First Motion Application for the proposed amalgamation with Dr. Agarwal’s Eye Hospital Ltd. The tribunal has directed both companies to convene meetings of shareholders and creditors on July 2, 2026, to consider and vote on the merger scheme. The merger will proceed only after necessary approvals from stakeholders and regulators, and the company will share further details and notices in due course. 

Somany Ceramics Ltd

Somany Ceramics Ltd is one of India’s prominent ceramic tile manufacturers, producing tiles, sanitaryware, and bath fittings. It serves residential and commercial construction sectors and is known for its wide product portfolio and strong distribution network in domestic and global markets.

With a market capitalisation of Rs. 1,885 cr, the shares of Somany Ceramics Ltd were trading at Rs. 459.70 per share, decreasing by 3% in today’s market session, making a low of Rs. 455.65, down from its previous close of Rs. 470.05 per share. 

It has announced that, as directed by the NCLT, it will hold meetings on June 13, 2026, with equity shareholders and unsecured creditors to seek approval for the proposed merger of Somany Bathware Limited, Somany Excel Vitrified Private Limited, and SR Continental Limited with itself. 

The scheme, approved by the Board on November 7, 2025, has an appointed date of April 1, 2025, and does not involve issuing new shares as consideration. Unsecured creditors of the company are owed Rs. 396.06 crore, and the merger requires approval from a majority representing three-fourths in value of each class voting on the resolution.

Gabriel India Ltd

Gabriel India Ltd is an automotive component manufacturer specialising in ride control products like shock absorbers and struts. It supplies major automobile OEMs in India and abroad and is part of the ANAND Group, playing a key role in vehicle suspension systems.

With a market capitalisation of Rs. 15,827 cr, the shares of Gabriel India Ltd were trading at Rs. 1101.85 per share, decreasing by 2% in today’s market session, making a low of Rs. 1,101.85, down from its previous close of Rs. 1,124.45 per share. 

It has been informed that the Hon’ble NCLT Mumbai Bench has sanctioned its composite scheme of arrangement involving amalgamation and demerger. Under the approved plan, Anchemco India Private Limited will merge into Asia Investments Private Limited, followed by the demerger of the automotive undertaking into Gabriel India Ltd. 

Windsor Machines Ltd

Windsor Machines Ltd is an engineering company that manufactures plastic processing machinery such as injection molding, extrusion, and blow molding machines. It caters to industries like packaging, automotive, and infrastructure, focusing on industrial manufacturing solutions.

With a market capitalisation of Rs. 2,739 cr, the shares of Windsor Machines Ltd were trading at Rs. 311.95 per share, increasing by 4% in today’s market session, making a high of Rs. 317.70, up from its previous close of Rs. 305.50 per share. 

It has been informed that it has signed a Memorandum of Understanding to sell its non-operational industrial land and building at Wagle Industrial Area, Thane, to Allerindia Developers LLP for about Rs. 162 crore. The transaction is expected to be completed within six months, subject to final agreements and approvals. The company plans to use the proceeds for expanding operations at its Rajkot plant, working capital needs, and general corporate purposes. 

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