Apollo Hospitals Enterprise Limited Holds Meetings for Composite Scheme of Arrangement

Apollo Hospitals Enterprise Limited Holds Meetings for Composite Scheme of Arrangement​

Apollo Hospitals Enterprise Limited held meetings with secured creditors, unsecured creditors, and equity shareholders to consider and approve a composite scheme of arrangement. These meetings were conducted on June 24, 2026, involving discussions related to the proposed scheme among several entities.

The meetings focused on a composite scheme involving Apollo Hospitals Enterprise Limited (Demerged Company), Apollo Healthco Limited (Transferor Company 1), Keimed Private Limited (Transferor Company 2), and Apollo Healthtech Limited (Resultant Company).

Meeting Summaries​

The company held three distinct meetings, each conducted via Video Conferencing (VC) or Other Audio-Visual Means (OAVM). Key details of the proceedings are summarized below:

Secured Creditors Meeting Details​

The meeting of the secured creditors commenced at 10:00 a.m. and concluded at 10.40 a.m. The Chairperson, Dr. K.S Ravichandran, conducted the proceedings. Mr. S. Vedhavel, Advocate, was appointed as the Scrutinizer.

The meeting addressed the composite scheme, briefing secured creditors on its terms, background, and expected benefits. No clarifications or comments were raised by the secured creditors during the session. The company informed the creditors that remote e-voting had been available from June 20, 2026, to June 23, 2026.

Unsecured Creditors Meeting Details​

The meeting of unsecured creditors was scheduled to commence at 11:00 a.m. but was initially adjourned due to the absence of requisite quorum. It reconvened at 11.30 a.m., after which the Chairperson called the proceedings to order, noting that the present members constituted the necessary quorum as per directions. The meeting concluded at 12.15 p.m.

Similar to the other meetings, unsecured creditors were briefed on the scheme’s features and background. During the session, queries and observations raised by the creditors were addressed and clarified by management. E-voting was available from June 20, 2026, to June 23, 2026.

Equity Shareholders Meeting Details​

The meeting of equity shareholders commenced at 2:30 p.m. and concluded at 3.45 p.m. The Chairperson facilitated the proceedings through VC/OAVM.

Shareholders were informed about the scheme’s rationale, key terms, and potential benefits to the Company and stakeholders. The management successfully addressed all queries and observations raised by the shareholders during the discussion. E-voting for shareholders was open from June 20, 2026, until June 23, 2026.

In all meetings, Mr. Krishnan Akhileswaran, CFO, provided explanations regarding the proposed scheme to the respective stakeholders and creditors. The Scrutinizer in each instance is responsible for submitting a report on the voting results.

APOLLOHOSP Stock Price Movement​

Apollo Hospitals Enterprise limited rallied today, closing at ₹8573.5 after gaining 1.03% in post-market trading. The stock settled on strong buying interest, having traded for a total volume of 399,731 shares within the intraday range established by a low of ₹8451 and a high of ₹8585.5.