NCLT Passes Orders Modifying Dates for Apollo Hospitals Composite Scheme of Arrangement Meetings
Apollo Hospitals Enterprise Limited has received a certified true copy of an order passed by the National Company Law Tribunal (NCLT) Division Bench in Chennai. The order, dated April 15, 2026, pertains to the Composite Scheme of Arrangement involving Apollo Hospitals Enterprise Limited, Apollo Healthco Limited, Keimed Private Limited, and Apollo Healthtech Limited.The scheme of arrangement was jointly filed before the Tribunal under Sections 230 to 232 of the Companies Act, 2013. Apollo Hospitals Enterprise Limited reported receiving the order on April 27, 2026.
The NCLT Bench issued orders modifying the dates and venues for various creditor and shareholder meetings as part of the proceedings.
Rescheduled Meetings Ordered by NCLT
The Tribunal addressed three separate applications regarding the scheme, allowing modifications to the original meeting schedules:| Application No. | Meeting Type | Original Date (Example) | Modified Date | Details |
|---|---|---|---|---|
| IA(CA)/99/(CHE)/2026 | Secured Creditors Meeting | N/A | May 27, 2026 (10:00 AM) | Convening of the meeting. |
| IA(CA)/99/(CHE)/2026 | Equity Shareholders Meeting | May 16, 2026 | May 27, 2026 (2:30 PM) | Modified date for convening the meeting. |
| IA(CA)/99/(CHE)/2026 | Unsecured Creditors (Company 1) | May 16, 2026 | May 21, 2026 (11:00 AM) | Modified date for convening the meeting. |
| IA(CA)/100/(CHE)/2026 | Unsecured Creditors (Company 2) | May 17, 2026 | May 26, 2026 (10:00 AM) | Modified date for convening the meeting. |
| IA(CA)/101/(CHE)/2026 | Unsecured Creditors (Company 3) | May 17, 2026 | May 26, 2026 (3:00 PM) | Modified date for convening the meeting. |
Furthermore, the Tribunal allowed the proposal for the meeting of Unsecured Creditors of Applicant Company 3 to be held at Palepu Pharma Distributors Private Limited, Paragon Towers, Plot 9 & 10 Rukmani Colony, Nehru Nagar, u street, Kottivakkam, Chennai.
The orders granted by the Tribunal allow the prayers seeking the convening of meetings on these modified dates.
APOLLOHOSP Stock Price Movement
Today, Apollo Hospitals Enterprise Limited shares edged higher to close at ₹7825, marking a gain of 1.39% for the session. The stock saw active trading volume, which settled at 289,661 shares today.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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