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Hospital
Corporate Action27 Oct 2026, 06:30 pm

Dr Agarwals Eye Hospital Fixes Nov 18 Record Date for Amalgamation

AI Summary

Dr. Agarwal's Eye Hospital Limited has fixed Wednesday, November 18, 2026, as the record date for its amalgamation with Dr. Agarwal's Health Care Limited. This follows the sanction of the Scheme of Amalgamation by the National Company Law Tribunal (NCLT), Chennai Bench, on September 30, 2026. Eligible shareholders of Dr. Agarwal's Eye Hospital will receive 23 equity shares of Dr. Agarwal's Health Care for every 2 shares held. Fractional entitlements will be handled by a trustee who will sell the shares and distribute proceeds. Shareholders holding shares in physical form are urged to dematerialize them before the record date.

Key Highlights

  • Record date fixed for amalgamation: November 18, 2026.
  • Share exchange ratio: 23 new shares for every 2 old shares.
  • NCLT sanctioned the amalgamation scheme on September 30, 2026.
  • Shareholders in physical form should dematerialize shares.
  • Amalgamation is between Dr. Agarwal's Eye Hospital and Dr. Agarwal's Health Care.