Record Date for amalgamation share allotment fixed as November 18, 2026
The Board has fixed Wednesday, November 18, 2026 as the Record Date for the amalgamation with Dr. Agarwal's Health Care Ltd.
By ScoutQuest · · 2 min read
- Record Date
- Wednesday, November 18, 2026
- Share Exchange Ratio
- 23 fully paid-up equity shares of face value ₹1 each of Dr. Agarwal's Health Care Ltd for every 2 fully paid-up equity shares of face…
- Scheme Effective Date / Appointed Date
- Scheme effective November 01, 2026; Appointed Date April 01, 2026
What the Board approved
The Board of Directors of the company, at its meeting held on Tuesday, October 20, 2026, took on record the certified copy of the order dated September 30, 2026 passed by the National Company Law Tribunal, Chennai Bench, sanctioning the Scheme of Amalgamation between Dr. Agarwal's Eye Hospital Limited and Dr. Agarwal's Health Care Limited. The certified copy was shared in Form INC-28 with the Registrar of Companies on October 14, 2026, and with that, the conditions under Clause 24 of the Scheme stand satisfied.
Dates that matter
- Effective Date: the Scheme becomes effective and operative from November 01, 2026.
- Appointed Date: April 01, 2026.
- Record Date: Wednesday, November 18, 2026, fixed to determine the eligible shareholders.
What eligible shareholders will receive
The Board has fixed the share exchange ratio at 23 (Twenty-Three) fully paid-up equity shares of face value of ₹1 each of Dr. Agarwal's Health Care Limited for every 2 (Two) fully paid-up equity shares of face value of ₹10 each held in Dr. Agarwal's Eye Hospital Limited.
In simple terms, for every two shares an eligible shareholder holds in Dr. Agarwal's Eye Hospital Limited, 23 shares of Dr. Agarwal's Health Care Limited are allotted. Only shareholders on the register on the record date are eligible to receive the consideration shares.
What happens to the company
Under Clause 23 of the Scheme, once it becomes effective on November 01, 2026, the transferor company shall stand dissolved without being wound-up. With effect from that date, the Board of Directors of the company shall cease to exist, and the company's status shall change to Amalgamated in the records of the Registrar of Companies.
Meeting details
The Board meeting commenced at 04:50 P.M. IST and concluded at 05:10 P.M. IST.
Also from Dr Agarwals Eye Hospital
Amalgamation effective November 01, 2026; Record Date November 18, 2026 for consideration shares
20 Oct 2026
NCLT Chennai sanctions scheme of amalgamation; appointed date April 01, 2026, effective date tied to conditions
5 Oct 2026
More numbers
- Consideration shares of Dr. Agarwal's Health Care Ltd per 2 shares held23 (Twenty-Three)
- Shares held in Dr. Agarwal's Eye Hospital Ltd (base of the ratio)2 (Two)
- Face value per consideration share₹1
- Face value per share held in Dr. Agarwal's Eye Hospital Ltd₹10
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