Narayana Hrudayalaya Limited announced that the Hon’ble National Company Law Tribunal (NCLT), Bengaluru Bench, has sanctioned the Scheme of Arrangement. This scheme involves the demerger of the Clinical Services undertaking of its wholly-owned subsidiary, NH Integrated Care Private Limited, into Narayana Hrudayalaya Limited. The appointed date for the scheme is April 1, 2025. The company anticipates no change in its share capital or shareholding pattern as a result of this demerger. The Scheme will become effective upon the filing of the certified copy of the Order with the Registrar of Companies.
NCLT Sanctions Scheme of Arrangement for Narayana Hrudayalaya
Bengaluru, November 4, 2026 – Narayana Hrudayalaya Limited (the “Company”) has received a significant corporate update with the sanctioning of its Scheme of Arrangement by the Hon’ble National Company Law Tribunal (NCLT), Bengaluru Bench. The order, dated October 30, 2026, pertains to the Scheme of Arrangement between NH Integrated Care Private Limited (“Demerged Company”), a wholly-owned subsidiary of Narayana Hrudayalaya, and Narayana Hrudayalaya Limited itself. This development is a crucial step in the company’s strategic restructuring plans.
Demerger of Clinical Services Undertaking
The sanctioned Scheme of Arrangement facilitates the demerger of the Clinical Services undertaking of NH Integrated Care Private Limited into Narayana Hrudayalaya Limited. This undertaking comprises 9 clinics in Bengaluru and 1 clinic in Hosur. The demerger is being undertaken on a going-concern basis. As the Demerged Company is a wholly-owned subsidiary, the Company has confirmed that no new shares will be issued as consideration for this transaction. Consequently, there will be no change in the share capital or shareholding pattern of Narayana Hrudayalaya Limited.
Effective Date and Future Steps
The Scheme has been sanctioned with an Appointed Date of April 1, 2025. The Scheme will officially become effective on the last of the dates on which the certified copy of the NCLT’s Order is filed by both the Demerged Company and the Company with the Registrar of Companies. Narayana Hrudayalaya Limited has stated it will inform the stock exchanges upon the Scheme becoming effective. A copy of the NCLT’s Order has been shared for informational purposes, with the certified copy still awaited.
Regulatory Filings and Transparency
This disclosure has been made in compliance with Regulation 30 and Regulation 51 read with Regulations 37 and 59A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation, along with the Order, will also be made available on Narayana Hrudayalaya Limited’s official website, www.narayanahealth.org, ensuring transparency for all stakeholders.
Source: BSE
