Venmax Drugs and Pharmaceuticals531015Scheme of arrangement

Court-convened shareholders' meeting held for Hatri Pharma amalgamation; results to follow Scrutinizer's Report

Venmax Drugs and Pharmaceuticals held a court-convened meeting of its equity shareholders on Saturday, October 24, 2026, from 12:30 P.M. to 1:35 P.M., through video conferencing.

By ScoutQuest · Sat 24 Oct 2026, 3:42 PM IST · 2 min read

Meeting Date and Time: Saturday, October 24, 2026, from 12:30 P.M. to 1:35 P.M.
Members Attended via Video Conference: 40 members attended through video conference
Remote E-voting Period: October 21, 2026, 09:00 A.M. to October 23, 2026, 05:00 P.M.

What happened

Venmax Drugs and Pharmaceuticals convened a meeting of its equity shareholders on Saturday, October 24, 2026, as directed by the Hon'ble National Company Law Tribunal, Hyderabad Bench-II, vide its Order dated September 7, 2026, in CA (CAA) No. 30/230/HDB/2026. The meeting was held at the registered office at Sy No. 115, Brig Sayeed Road, Hanumanji Colony, Bowenpally, Picket, Hyderabad, and through video conferencing / other audio-visual means. It commenced at 12:30 P.M. and concluded at 1:35 P.M. 40 members were present through the video conference. Ms. Sarvani Desiraju, Chairperson appointed by the NCLT, chaired the meeting, and Ms. Kruthi Kalaga, Scrutinizer appointed by the NCLT, joined the meeting.

What shareholders were asked to decide

To consider and, if thought fit, approve, with or without modification, the proposed Scheme of Amalgamation between Hatri Pharma Private Limited (Transferor Company) and Venmax Drugs and Pharmaceuticals Limited (Transferee Company), and their respective shareholders, under Sections 230 to 232 of the Companies Act, 2013.
The Managing Director briefed members on the rationale, objective, purpose and benefits of the Scheme, the valuation and exchange ratios, and the requisite approvals and regulatory process for the merger.
Queries raised by members who had registered as speakers were replied to.

How the voting was run

Remote e-voting facility was provided by Central Depository Services Limited (CDSL) and was open from Wednesday, October 21, 2026 at 09:00 A.M. (IST) till Friday, October 23, 2026 at 05.00 P.M. (IST).
Shareholders present at the meeting who had not voted remotely were given the option to vote on the CDSL platform during the meeting, which remained open for 15 minutes from the conclusion of the meeting.
The Chairman informed that the voting results of the remote e-voting and the voting done at the meeting will be collated by the Scrutinizer and announced on receipt of the Scrutinizer's Report, and will be uploaded on the company's website and on the BSE website.

What this means for retail investors

This is a summary of proceedings: it records what was placed before shareholders, who attended, and how the vote was conducted.
The Scheme is a court-directed process. The exchange update sets out the sequence being followed, with the Scrutinizer's Report as the next step before the results are announced.