StockWatch
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Pharmaceuticals
Merger8 Sept 2026, 02:14 pm

Venmax Drugs & Hatri Pharma Merger Update: NCLT Directs Shareholder Meeting

AI Summary

Venmax Drugs and Pharmaceuticals Limited has received an order from the National Company Law Tribunal (NCLT), Hyderabad Bench, dated September 7, 2026. The order directs Venmax to convene a meeting of its equity shareholders on October 24, 2026, at 12:30 p.m. via Video Conference/Other Audio Visual Means. This meeting is in relation to the Scheme of Amalgamation of Hatri Pharma Private Limited with Venmax Drugs and Pharmaceuticals Limited. The NCLT order also noted the disposal of the application CA (CAA) 30/230/HDB/2026. Details of the order will be posted on the company's website.

Key Highlights

  • NCLT Hyderabad directs Venmax to hold shareholder meeting for amalgamation.
  • Meeting scheduled for October 24, 2026, via video conference.
  • Scheme involves amalgamation of Hatri Pharma Private Limited with Venmax.
  • NCLT order dated September 7, 2026, regarding the scheme.
  • Further details to be available on the company website.