<h1>Unsecured Creditors Approve Amalgamation Scheme of Dr. Agarwal's Eye Hospital and Dr. Agarwal's Health Care</h1>
The scheme of amalgamation between Dr. Agarwal's Eye Hospital Limited and Dr. Agarwal's Health Care Limited has been approved by the unsecured creditors of Dr. Agarwal's Health Care Limited following a meeting held on July 02, 2026. The resolution was passed with the requisite majority as prescribed under the relevant provisions of the Companies Act.
The meeting of the Unsecured Creditors was conducted at The Music Academy in Chennai and included various voting methods, such as remote e-voting, e-voting at the venue, and physical voting via polls. These processes allowed creditors to vote on the Scheme of Amalgamation, which consolidates both entities.
Based on the combined voting results derived from all channels, the outcome highlights significant participation across the creditor base:
| Particulars | No of Members Voted | No. of Valid Votes Cast | No of Members Voted in Favor | No. of Votes Cast in Favor | No. of Votes Cast Against | Percentage of Total Votes Cast |
|---|---|---|---|---|---|---|
| Remote e-voting | 2 | 75,384 | 2 | 75,384 | Nil | 0.07 % |
| E-voting at the Meeting | 3 | 7,27,030 | 3 | 7,27,030 | NIL | 0.65 % |
| Polls | 27 | 11,02,18,014 | 27 | 11,02,18,014 | Nil | 99.27 % |
| Total | 32 | 11,10,20,428 | 32 | 11,10,20,428 | NIL | 100.00% |
The voting results demonstrated overwhelming support for the amalgamation scheme across all methods used. The resolution was confirmed to be approved by a majority of the Unsecured Creditors, subject to one key condition: the approval must be achieved by a majority of creditors who represent three-fourths in value held by them and vote through remote e-voting, e-voting at the Meeting, or physical voting through polls.
The combined results confirmed that the resolution was deemed approved on July 02, 2026, contingent upon the satisfaction of this condition.
AGARWALEYE Stock Price Movement
Dr. Agarwal's Health Care Limited finished higher on Thursday, rallying 2.21% and closing at ₹476.60. The stock saw robust trading activity during the session, with a total volume of 66,499 shares traded.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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