NCLT Chennai sanctions scheme of amalgamation; appointed date April 01, 2026, effective date tied to conditions
NCLT Chennai Bench has sanctioned the Scheme of Amalgamation of Dr. Agarwal's Eye Hospital Ltd (AEHL) into Dr. Agarwal's Health Care Ltd (AHCL).
- NCLT Sanction
- NCLT Chennai Bench sanctioned Scheme of Amalgamation of AEHL into AHCL
- Order Pronounced On
- September 30, 2026
- Appointed Date
- April 01, 2026
The milestone: NCLT sanction
Dr. Agarwal's Eye Hospital Limited (AEHL) has informed the stock exchange that the Hon'ble National Company Law Tribunal, Chennai Bench, has sanctioned the Scheme of Amalgamation between AEHL and Dr. Agarwal's Health Care Limited (AHCL) and their respective shareholders and creditors. The Scheme provides for the amalgamation of AEHL with and into AHCL.
The two dates that shape the timeline
- Appointed Date: opening of business on April 01, 2026. The Scheme is effective from this date.
- Effective Date: the first day of the calendar month immediately following the calendar month in which all the conditionalities mentioned in Clause 24 of the Scheme are completed. The Scheme is operative from the Effective Date.
So the update draws a line between when the Scheme takes effect (Appointed Date) and when it becomes operative (Effective Date).
The order
The order was formally pronounced by the NCLT at its hearing held on September 30, 2026. It was uploaded on the NCLT website on October 05, 2026. The certified copy of the order is awaited and, as stated, will be made available on the company's website promptly upon receipt.
What the company says it will keep the exchanges informed about
- The effectiveness of the Scheme
- Fixation of the Record Date
- Allotment of shares as per the Share Exchange Ratio
- Other subsequent developments and the future course of action in connection with the Scheme
How a shareholder can read this
The update is an update on a Scheme the company had written about in its earlier letters. The tribunal's sanction is the step after which the mechanics of the Scheme — the Record Date and the allotment of shares as per the Share Exchange Ratio — are taken up, and the company has said these will be communicated as and when appropriate.
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