StockWatch
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Pharmaceuticals
Merger21 Oct 2026, 11:43 am

Lactose India: NCLT Order Approves Amalgamation Scheme

AI Summary

Lactose (India) Limited announced that the National Company Law Tribunal (NCLT), Ahmedabad Bench, has approved the Scheme of Amalgamation between Vitanosh Ingredients Private Limited and Lactose (India) Limited. The NCLT order was dated August 5, 2026. Subsequently, the Board of Directors of Lactose (India) Limited, in a meeting held on October 21, 2026, fixed Monday, November 2, 2026, as the Record Date. This date is for determining the entitlement of Vitanosh Ingredients Private Limited's equity shareholders for the allotment of fully paid-up equity shares of Lactose (India) Limited. The share exchange ratio is 0.7946 equity shares of Lactose (India) Limited for every one equity share held in Vitanosh Ingredients Private Limited.

Key Highlights

  • NCLT approves amalgamation scheme between Vitanosh Ingredients and Lactose India.
  • Record date set for November 2, 2026, for share allotment.
  • Share exchange ratio is 0.7946 shares of Lactose India per share of Vitanosh.
  • Board of Directors approved the record date on October 21, 2026.