The Centre has suggested removing the current 50% restriction on coal sales from captive mines, a move that could significantly impact the coal mining sector's operational framework.

Policy Implications

The proposed change would allow captive mine operators greater flexibility in managing their coal sales beyond the existing limitations. Currently, operators face restrictions on how much coal they can sell from their captive mining operations.

Potential Impact

• The government is considering lifting the 50% sales restriction on coal from captive mines.
• This change could potentially affect mining sector operations and coal availability in domestic markets.

Market Considerations

This policy suggestion comes as the government continues to review various regulations affecting the mining sector. The potential lifting of sales restrictions could influence:

• Coal availability in the domestic market
• Pricing dynamics of coal

The proposal represents part of broader policy discussions aimed at optimizing coal production and distribution mechanisms across India's mining sector.

Industry Outlook

As the government reviews the coal sales limit policy, stakeholders in the mining industry are likely to closely monitor developments for potential impacts on their operations and market strategies.

Vijaya Diagnostic Centre Limited has completed the allotment of 1,71,792 equity shares to eligible shareholders of Medinova Diagnostic Services Limited, marking the final step in their amalgamation process. The Board of Directors approved this allotment through a Circular Resolution, following the NCLT-approved merger scheme that became effective on November 4, 2025.

Share Allotment Details

The company has successfully allocated shares to eligible Medinova shareholders whose names appeared in the Register of Members as on the record date:

Capital Structure Impact

The share allotment has resulted in an increase in the company's paid-up equity share capital:

Merger Background

The amalgamation scheme was approved by the Hon'ble National Company Law Tribunal, Hyderabad Bench, through its order dated October 13, 2025. The merger resulted in the automatic dissolution of Medinova Diagnostic Services without winding-up, with Vijaya Diagnostic cancelling its 62.02 lakh equity shares (62.14% stake) in Medinova.

Special Provisions for Shareholders

The company has established specific mechanisms to handle various shareholder categories. A trust named VDCL Physical Shareholders Trust has been created for eligible Medinova shareholders who held shares in physical form as on the record date. These shareholders can approach KFin Technologies Limited or the company directly for credit of shares in dematerialized form upon completion of due procedures.

Fractional entitlements arising from the allotment have been consolidated and allotted to Catalyst Trusteeship Limited, an Independent Trustee appointed by the Board. The Trustee will dispose of these consolidated fractional entitlements in the open market and distribute net proceeds to eligible fractional shareholders proportionally.

Corporate Structure Enhancement

The merger has strengthened Vijaya Diagnostic's operational footprint, with Medinova Millennium MRI Services LLP becoming a wholly-owned subsidiary. This Kolkata-based MRI services entity recorded a turnover of approximately ₹2.36 crores in FY2024-25. The newly allotted equity shares rank pari-passu with existing shares and will be listed on BSE Limited and National Stock Exchange of India Limited, subject to necessary approvals.