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 (VDCL) has announced the completion of its amalgamation with Medinova Diagnostic Services Limited following NCLT approval on October 13, 2025. The scheme became effective on November 4, 2025, resulting in the automatic dissolution of Medinova Diagnostic Services without winding-up.

Key Details of the Share Allotment

• Record Date: November 25, 2025
• Share Exchange Ratio: 1:22 (1 share of VDCL for every 22 shares of Medinova)
• Face Value: VDCL shares have a face value of INR 1.00 each

Merger Highlights

• Effective Date: November 4, 2025
• NCLT Approval: Order dated October 13, 2025

Impact on Shareholding

Following the merger's effectiveness, the shareholding structure will undergo the following changes:

• Vijaya Diagnostic cancelled its investment of 62.02 lakh equity shares (62.14% stake) in Medinova.
• New shares will be issued to eligible Medinova shareholders as per the share exchange ratio.

Corporate Structure Changes

• Medinova Millennium MRI Services LLP, previously a wholly-owned subsidiary of Medinova, has become a wholly-owned subsidiary of Vijaya Diagnostic. The MRI services entity operates in Kolkata with a turnover of approximately INR 2.36 crores in FY2024-25.
• The authorized share capital of VDCL has increased to INR 230.50 crores divided into 230.50 crore equity shares of INR 1.00 each.

This corporate action represents a strategic move by Vijaya Diagnostic Centre to strengthen its market position and potentially enhance shareholder value through operational synergies. Shareholders of Medinova are advised to take note of the record date to ensure their eligibility for the share allotment in VDCL.