Record date fixed for amalgamation share allotment; exchange ratio 0.7946
Lactose (India) Ltd's board met on October 21, 2026 and fixed Monday, November 02, 2026 as the Record Date under the Scheme of Amalgamation with Vitanosh Ingredients Private Limited.
By ScoutQuest · · 2 min read
- Record Date
- Monday, November 02, 2026
- Share Exchange Ratio
- 0.7946 fully paid-up equity shares of face value INR 10/- each of Lactose (India) Ltd for every 1 equity share held in Vitanosh
- NCLT Approval Order Date
- 05 August 2026
Record date fixed for the amalgamation
The Board of Directors of Lactose (India) Limited met on October 21, 2026 and fixed Monday, November 02, 2026 as the Record Date under the Scheme of Amalgamation between Vitanosh Ingredients Private Limited (the Transferor Company) and Lactose (India) Limited (the Transferee Company).
What the Record Date is for
- It is the cut-off date for deciding which equity shareholders of Vitanosh Ingredients Private Limited are entitled to be allotted shares of Lactose (India) Limited under the Scheme.
- The shares to be allotted are fully paid-up equity shares of face value of INR 10/- each of Lactose (India) Limited.
- The number of shares each such holder gets is worked out using a fixed share exchange ratio.
The exchange ratio
- 0.7946 equity shares of Lactose (India) Limited for every 1 equity share held in Vitanosh Ingredients Private Limited.
- This ratio is the one stated under the Scheme and is the basis on which the entitlement of Vitanosh shareholders is determined.
Where the Scheme stands
- The Scheme of Amalgamation is under Sections 230 to 232 of the Companies Act, 2013.
- The Hon'ble National Company Law Tribunal, Ahmedabad Bench, approved the Scheme by its order dated 05 August 2026.
- The Board meeting on October 21, 2026 was held to fix the Record Date in terms of that approved Scheme; the meeting ran from 11:00 AM to 11:15 AM (IST).
What a retail investor can take from this
- The update is about the mechanics of the amalgamation: the date that decides entitlement and the ratio at which shares of Lactose (India) Limited will be allotted to Vitanosh shareholders.
- The Record Date of November 02, 2026 is the operative date for the entitlement of Vitanosh shareholders; the exchange ratio applied is 0.7946 shares of Lactose (India) Limited per 1 share of Vitanosh.
- The update does not carry any financial results, business performance numbers or forward-looking guidance; it is a corporate-action disclosure on the amalgamation process.
Also from Lactose India
Shareholders approve appointment of Alpesh A. Lakeshri as Cost Auditor for FY 2026-27
30 Sep 2026
More numbers
- Face value per equity share of Lactose (India) LtdINR 10/-
- Share exchange ratio (Lactose India shares per Vitanosh share)0.7946
- Vitanosh equity shares for which the ratio is stated1 (One)
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