Torrent Pharma Allots Shares to JB Chemicals Shareholders Following Amalgamation Scheme
Torrent Pharmaceuticals Ltd has approved the allotment of 4,19,22,416 fully paid-up equity shares to the eligible shareholders of J. B. Chemicals & Pharmaceuticals Limited (JB Chemicals). This action relates to the scheme of amalgamation between the two companies, which was sanctioned by the National Company Law Tribunal (NCLT) on July 6, 2026.The Securities Transfer and Stakeholders Relationship Committee of Torrent Pharmaceuticals Ltd approved the share allotment on July 20, 2026. The new equity shares carry a face value of ₹ 5/- each and will rank pari passu with the existing fully paid-up equity shares of the Company.
Under the scheme, the exchange ratio specified is 51 fully paid-up equity shares of Torrent Pharma for every 100 fully paid up equity shares of JB Chemicals. The allotment is extended to shareholders of JB Chemicals as determined on the Record Date of July 17, 2026.
Impact on Issued Capital Structure
The allotment has resulted in an increase in the issued and paid up equity share capital for Torrent Pharmaceuticals Ltd.Prior to the amalgamation related transaction, the Company’s capital stood at ₹ 1,69,22,27,200, which corresponded to 33,84,45,440 fully paid-up equity shares of ₹ 5/- each.
Following the allotment and the scheme's completion, the issued and paid up equity share capital increased to ₹ 1,90,18,39,280. This new capitalization corresponds to a total of 38,03,67,856 fully paid-up equity shares of ₹ 5/- each.
The key financial changes associated with the scheme and subsequent allotment are detailed below:
| Metric | Before Allotment (Torrent Pharma) | After Allotment/Amalgamation |
|---|---|---|
| Issued & Paid Up Capital | ₹ 1,69,22,27,200 | ₹ 1,90,18,39,280 |
| Total Shares (₹ 5 each) | 33,84,45,440 | 38,03,67,856 |
TORNTPHARM Stock Price Movement
As of 12:49 PM, Torrent Pharmaceuticals Limited shares are surging, currently trading at ₹4950 after climbing a robust 3.93%. The stock has rallied from an intraday low of ₹4735.1 and registered solid activity with 394,736 shares traded so far.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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