J.B. Chemicals & Pharmaceuticals Discloses NCLT Hearing Notice for Amalgamation Scheme with Torrent Pharmaceuticals
J.B. Chemicals & Pharmaceuticals Limited has disclosed a Notice of Hearing of Petition for its proposed Scheme of Amalgamation with Torrent Pharmaceuticals Limited under Regulation 30 of SEBI's LODR Regulations, 2015. The Company Petition, presented on April 29, 2026, was admitted by the National Company Law Tribunal, Ahmedabad Bench on May 7, 2026. The hearing before the Hon'ble Tribunal has been scheduled for Thursday, June 11, 2026. Newspaper advertisements were published on May 11, 2026, in Indian Express (English) — all India Editions — and in Sandesh, Divya Bhaskar, and Gujarat Samachar (Gujarati) — all Gujarat Editions.

*this image is generated using AI for illustrative purposes only.
J.B. Chemicals & Pharmaceuticals Limited , a Torrent Group Company, has filed a disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, informing the National Stock Exchange of India Limited about newspaper advertisements published on May 11, 2026. These advertisements pertain to the Notice of Hearing of Petition in the matter of the proposed Scheme of Amalgamation of J.B. Chemicals & Pharmaceuticals Limited with Torrent Pharmaceuticals Limited and their respective shareholders. The advertisements were published in Indian Express (English) — all India Editions — and in Sandesh, Divya Bhaskar, and Gujarat Samachar (Gujarati) — all Gujarat Editions.
Scheme of Amalgamation: Key Details
The proposed transaction involves the amalgamation of J.B. Chemicals & Pharmaceuticals Limited (Petitioner Transferor Company/JB Pharma) with Torrent Pharmaceuticals Limited (Petitioner Transferee Company/Torrent Pharma) under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013. The key procedural milestones and details of the scheme are summarised below:
| Parameter: | Details |
|---|---|
| Petitioner Transferor Company: | J.B. Chemicals & Pharmaceuticals Limited (CIN: L24390GJ1976PLC173077) |
| Petitioner Transferee Company: | Torrent Pharmaceuticals Limited (CIN: L24230GJ1972PLC002126) |
| Petition Presented On: | April 29, 2026 |
| Petition Admitted On: | May 7, 2026 |
| Admitting Authority: | National Company Law Tribunal, Ahmedabad Bench |
| Hearing Date: | Thursday, June 11, 2026 |
| NCLT Case Reference: | C P (CAA)/21/(AHM) 2026 connected with C A (CAA)/6/(AHM) 2026 |
NCLT Hearing and Participation Process
The Company Petition under Sections 230 and 232 of the Companies Act, 2013, was presented by the petitioner companies on April 29, 2026, and was admitted by the Hon'ble National Company Law Tribunal, Ahmedabad Bench on May 7, 2026. Pursuant to the order dated May 7, 2026, the petition has been fixed for hearing before the Hon'ble Tribunal on Thursday, June 11, 2026.
Any person wishing to support or oppose the Company Petition at the hearing is required to:
- Submit an affidavit with the grounds of support or opposition in the form of a representation before the Hon'ble Tribunal
- Provide a written copy to the Petitioner Companies' Advocate, Swati Soparkar, at 301, Shivalik-10, Opp. SBI Zonal Office, Near Old Excise Chowky, S.M. Road, Ambavadi, Ahmedabad – 380015, and/or at swati.soparkar@gmail.com
- Send a copy to Mr. Sandeep Phadnis, Company Secretary & Compliance Officer of the Petitioner Transferor Company, at Neelam Centre, 'B' Wing, 4th Floor, Hind Cycle Road, Worli, Mumbai 400030, and/or at investorrelations@jbpharma.com
- Send a copy to Mr. Chintan Trivedi, Company Secretary & Compliance Officer of the Petitioner Transferee Company, at Avirat, Thaltej Shilaj Road, Ahmedabad – 380059, Gujarat, India, and/or at investorservices@torrentpharma.com
- Ensure all documents are received at least two days before the date fixed for the hearing
- Appear in person or through an advocate at the hearing
A copy of the Company Petition will be made available to any person requiring the same upon payment of the prescribed charges.
Regulatory Disclosure
The disclosure was signed by Sandeep Phadnis, Vice President – Secretarial & Company Secretary of J.B. Chemicals & Pharmaceuticals Limited, on May 11, 2026. The registered office of J.B. Chemicals & Pharmaceuticals Limited is located at 302, Iscon Mall, Star India Bazar Building, Opp. Jodhpur BRTS, Satellite, Ahmedabad – 380015, Gujarat, India, while its corporate office is at Cnergy IT Park, Unit A, 3rd Floor, Appa Saheb Marathe Marg, Prabhadevi, Mumbai 400025.
Historical Stock Returns for J B Chemicals and Pharmaceuticals
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.92% | -0.01% | +4.43% | +15.10% | +34.49% | +202.01% |
What share swap ratio has been proposed for JB Pharma shareholders in the amalgamation with Torrent Pharmaceuticals, and how does it compare to the current market valuations of both companies?
How might the merger of JB Pharma's domestic and international branded generics portfolio with Torrent Pharma's existing business affect competitive dynamics in key therapeutic segments like cardiology and gastroenterology?
What regulatory approvals beyond the NCLT hearing — such as CCI clearance or overseas antitrust reviews — are still pending, and could any of them pose a risk to the timeline or completion of the amalgamation?


































