NCLT Directs Dr. Agarwal's Entities to Hold Meetings for Amalgamation Scheme
The National Company Law Tribunal (NCLT), Chennai Bench, has directed Dr. Agarwal's Eye Hospital Limited (AEHL) and Dr. Agarwal's Health Care Limited (AHCL) to convene meetings for their respective shareholders and creditors regarding a proposed amalgamation.The order follows a joint First Motion Application filed by AEHL and AHCL. The NCLT, Chennai Bench, allowed the application during a hearing held on May 05, 2026.
The formal written Order, dated May 05, 2026, stipulated the requirement for convening separate meetings for the respective stakeholder groups.
The meetings are scheduled for Thursday, July 02, 2026. The purpose of these meetings is to consider and, if deemed appropriate, approve the amalgamation detailed in the Scheme, with or without proposed modifications.
The meetings scheduled for that date include:
| Stakeholder Group | Entity |
|---|---|
| Equity Shareholders | AEHL and AHCL |
| Secured Creditors | AEHL and AHCL |
| Unsecured Creditors | AEHL and AHCL |
AHCL stated that the certified copy of the NCLT order is awaited and will be made available on its website promptly upon receipt. Other relevant details, including the notices for the aforementioned meetings, will be submitted in due course.
AGARWALEYE Stock Price Movement
Today, Dr. Agarwal's Health Care Limited shares rallied, gaining 2.24% to close at ₹463.75. The stock saw substantial investor interest today, trading on a volume of 122,191 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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