Secured Creditors Meet to Approve Amalgamation Scheme Involving Dr. Agarwal's Health Care Limited
A meeting of the secured creditors of Dr. Agarwal's Health Care Limited took place on July 02, 2026, concerning the proposed Scheme of Amalgamation involving Dr. Agarwal's Eye Hospital Limited and Dr. Agarwal's Health Care Limited. The proceedings were held as per an order passed by the Hon'ble National Company Law Tribunal (NCLT), Chennai Bench, on May 05, 2026.The meeting was convened at The Music Academy in Chennai. Shri L N Gupta chaired the proceedings. At the time of the meeting, the company had three secured creditors registered on December 31, 2025. Two secured creditors were present during the session. As per the requirements set by the NCLT, a quorum was established with the attendance of one secured creditor.
The purpose of the meeting was to consider and approve the Scheme of Amalgamation under Sections 230 to 232 of the Companies Act, 2013.
Resolution Details for Amalgamation
The secured creditors were informed about the proposed resolution, which required Special Majority approval. The details of the key resolution presented at the meeting are summarized below:| Sr. No. | Particulars | Type of Resolution |
|---|---|---|
| 1. | To consider and approve the Scheme of Amalgamation of Dr. Agarwal's Eye Hospital Limited (Transferor Company) with Dr. Agarwal's Health Care Limited (Transferee Company) and their respective shareholders and creditors, under Sections 230 to 232 of the Companies Act, 2013. | Special Majority (As prescribed under section 230(6) of the Companies Act, 2013.) |
The secured creditors were provided with a detailed Explanatory Statement that outlined material information regarding the resolution and included the rationale for the Scheme. The Notice of the Meeting, along with the Explanatory Statement, the Scheme of Amalgamation, and other accompanying documents, was taken as read by the meeting attendees.
Voting and Conclusion
The Chairperson announced that voting would be conducted via e-voting (at venue) and through polling paper for valid proxy holders. Shri Shivam Parashar, Scrutinizer, oversaw the voting process, explaining the procedure to the creditors present at the meeting.Following the conclusion of the vote, the Chairperson requested the Scrutinizer to consolidate both the venue e-voting results and the remote e-voting results into a Consolidated Report. The Meeting was concluded at 03:15 P.M. (IST).
AGARWALEYE Stock Price Movement
Dr. Agarwal's Health Care Limited gained on Thursday, with the stock settling at ₹476.60 after edging higher by 2.21%. The shares saw a busy session, trading 66,499 units during the day within an intraday range bounded by ₹467.90 and ₹479.85.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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