Dabur India uploaded the National Company Law Tribunal (NCLT) order sanctioning its merger with Sesa Care Private Limited to stock exchanges on September 26, 2026. The NCLT pronounced the order on September 24, 2026, marking a key regulatory milestone for the integration of the premium Ayurvedic hair care brand.

Merger details and timeline

The approval finalizes a transaction first announced in October 2024. Under the scheme, Sesa Care will be merged into Dabur India under Sections 230 to 232 of the Companies Act, 2013. The appointed date for the scheme is April 1, 2026.

The scheme had previously received approvals from Dabur India's equity shareholders and unsecured creditors at meetings convened on May 2, 2026. The merger will become effective upon completion of necessary statutory filings and other conditions stipulated under the scheme.

Strategic significance

Sesa Care is a leading brand in the Ayurvedic hair care market with strong brand equity. The integration complements Dabur India's existing portfolio and strengthens its presence in the hair care category. Dabur India Global Chief Executive Officer Mohit Malhotra stated that the NCLT approval is an important milestone in their journey with Sesa Care, noting significant potential in building the brand into a larger entity.

Dabur India Executive Director and Group Head of Corporate Strategy Abhinav Dhall added that the integration aligns with the company's long-term strategy to tap newer growth opportunities. He highlighted plans to leverage Dabur India's extensive distribution network, category expertise, and access to international markets to expand Sesa Care's reach and unlock revenue and cost synergies.

Background of the transaction

As part of the initial transaction structure, Dabur India had acquired 51% of the paid-up Cumulative Redeemable Preference Shares (CRPS) of Sesa Care from its existing shareholder, True North. The NCLT's recent order paves the way for the full integration of the business, subject to the completion of remaining formalities.

Dabur India received a Corporate Sustainability Assessment (CSA) score of 85 and an Environmental, Social, and Governance (ESG) score of 86 from S&P Global on September 17, 2026.

The consumer goods major voluntarily participated in the assessment as part of the Dow Jones Sustainability Indices (DJSI) evaluation process. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, referencing SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/II/3762/2026 dated January 30, 2026.

Assessment Details

S&P Global assigned the scores following its corporate sustainability assessment conducted during the relevant cycle. The company confirmed that it had expressed interest in participating in the DJSI assessment prior to the evaluation.

The rating details are available on the S&P Global website and the company’s official website at www.dabur.com . Ashok Kumar Jain, Group Company Secretary & Chief Compliance Officer, signed the disclosure filed with the Bombay Stock Exchange and the National Stock Exchange of India Ltd.