Dr Agarwal's Health Care unsecured creditors approve amalgamation scheme
Dr Agarwal's Health Care Limited's unsecured creditors approved the Scheme of Amalgamation with Dr Agarwal's Eye Hospital Limited on July 02, 2026. The resolution received 100% approval with 11,10,20,428 votes cast in favour. The meeting, convened by the NCLT, was held at The Music Academy in Chennai.
*this image is generated using AI for illustrative purposes only.
The unsecured creditors of Dr Agarwal's Health Care Limited have approved the Scheme of Amalgamation with Dr Agarwal's Eye Hospital Limited. The resolution was passed during a meeting convened by the Hon'ble National Company Law Tribunal (NCLT), Chennai Bench, on July 02, 2026. The scheme involves the amalgamation of Dr Agarwal's Eye Hospital Limited, acting as the transferor company, with Dr Agarwal's Health Care Limited, the transferee company, under Sections 230 to 232 of the Companies Act, 2013.
The meeting was held at The Music Academy in Chennai, with Shri L.N. Gupta serving as the Chairperson and Shri Shivam Parashar appointed as the Scrutinizer. The requisite quorum was met with the presence of 32 unsecured creditors out of a total of 996 on the record date of December 31, 2025. The approval is subject to the sanction of the NCLT.
Voting Results
The Scrutinizer consolidated the results from remote e-voting, e-voting at the venue, and polling papers. The resolution was approved by the requisite special majority of unsecured creditors.
| Particulars | No. of members Voted | No. of Votes cast in Favor | No. of Votes cast Against | Percentage of total votes cast |
|---|---|---|---|---|
| Remote e-voting | 2 | 75,384 | Nil | 0.07 % |
| E-voting at the Meeting | 3 | 7,27,030 | Nil | 0.65 % |
| Polls | 27 | 11,02,18,014 | Nil | 99.27 % |
| Total | 32 | 11,10,20,428 | Nil | 100.00% |
Meeting Details
Remote e-voting commenced on June 07, 2026, and concluded on July 01, 2026. The physical meeting commenced at 04:45 P.M. (IST) after an initial adjournment due to lack of quorum. The Notice of the Meeting dated June 01, 2026, was sent via electronic mode and published in Business Standard and Makkal Kural.
Historical Stock Returns for Dr. Agrawals Eye Hospital
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.57% | +0.11% | -0.89% | +6.06% | +6.06% | +6.06% |
What is the expected timeline for the NCLT to sanction the Scheme of Amalgamation?
How will this amalgamation impact the consolidated financial position and debt structure of Dr Agarwal's Health Care Limited?
What strategic operational synergies does the merger aim to achieve between the transferor and transferee companies?
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