Orchid Pharma Limited NCLT Order Reserved for Amalgamation Scheme with Dhanuka Laboratories
Orchid Pharma Limited has notified stock exchanges that the NCLT order regarding its scheme of amalgamation with Dhanuka Laboratories Limited has been reserved for formal pronouncement on March 18, 2026. The company filed this update under SEBI Listing Regulations, continuing its earlier intimations about the merger petition. Orchid Pharma will provide further notifications upon receiving the NCLT order copy, with the scheme involving comprehensive corporate restructuring between the two companies and their stakeholders.

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Orchid pharma Limited has announced a significant development in its ongoing merger proceedings, informing stock exchanges that the National Company Law Tribunal (NCLT) order on its amalgamation scheme has been reserved for formal pronouncement.
NCLT Order Status Update
The company filed an official communication on March 18, 2026, under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The update pertains to the scheme of amalgamation between Dhanuka Laboratories Limited and Orchid Pharma Limited, involving their respective shareholders and creditors.
| Parameter: | Details |
|---|---|
| Date of Order Reservation: | March 18, 2026 |
| Amalgamating Company: | Dhanuka Laboratories Limited |
| Amalgamated Company: | Orchid Pharma Limited |
| Regulatory Framework: | SEBI Listing Regulations |
| Managing Director: | Manish Dhanuka (DIN: 00238798) |
Regulatory Compliance and Next Steps
The notification was made in compliance with SEBI Master Circular dated January 30, 2026, and represents a continuation of earlier intimations regarding the merger petition pending with the NCLT. The company has committed to providing further updates to stock exchanges and making information available on its website upon receiving the copy of the NCLT order.
Corporate Structure Details
Under the proposed scheme, Dhanuka Laboratories Limited will serve as the amalgamating company, while Orchid Pharma Limited will be the amalgamated company. The arrangement encompasses both companies' shareholders and creditors, indicating a comprehensive corporate restructuring initiative.
The formal pronouncement of the NCLT order will mark a crucial milestone in the amalgamation process, with stakeholders awaiting the tribunal's decision on this corporate restructuring proposal.
Historical Stock Returns for Orchid Pharma
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.16% | -1.53% | -22.32% | -28.01% | -38.07% | -68.34% |






























