NCLT Chennai Bench sanctions scheme of amalgamation of the eye hospital entity into the listed company

NCLT Chennai Bench has sanctioned the amalgamation of Dr. Agarwal's Eye Hospital Ltd (AEHL) with and into Dr. Agarwal's Health Care Ltd (AHCL).

Mon 5 Oct 2026

Order Pronounced On

September 30, 2026

Order Uploaded on NCLT Website

October 05, 2026

Appointed Date

opening of business on April 01, 2026

What has been sanctioned

The National Company Law Tribunal, Chennai Bench, has sanctioned the scheme of amalgamation between Dr. Agarwal's Eye Hospital Limited (AEHL) and Dr. Agarwal's Health Care Limited (AHCL), providing for the amalgamation of AEHL with and into AHCL.

Timeline of the order

• Order pronounced at the hearing held on September 30, 2026.
• Order uploaded on the website of the NCLT on October 05, 2026.
• The certified copy of the order is awaited and will be made available on the company's website promptly upon receipt.

How the dates work

• 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 this date.

What the company will inform next

• 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.

What an amalgamation means, in simple terms

In an amalgamation, one company is merged into another. Here AEHL is merged with and into AHCL. The update states that the scheme provides for allotment of shares as per the Share Exchange Ratio, which is the basis on which shares are issued under the scheme. The actual allotment is linked to the Record Date, which is yet to be fixed.

Points a retail investor may track

• Completion of the conditionalities in Clause 24 of the Scheme, since the Effective Date depends on it.
• Receipt of the certified copy of the NCLT order.
• Announcement of the Record Date.
• Allotment of shares as per the Share Exchange Ratio, and subsequent updates from the company to the stock exchanges.

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