Aster DM Healthcare Limited announced that the meeting of its unsecured trade creditors, convened by the Hon’ble NCLT, successfully approved the Scheme of Amalgamation between Quality Care India Limited and Aster DM Healthcare Limited. The approval was achieved with the requisite majority: three-fourths in value of the creditors. The voting concluded on March 10, 2026, with 100% of the votes cast in favour.
NCLT-Convened Creditors Meeting Concludes
Aster DM Healthcare Limited has confirmed the successful conclusion of the Court Convened Meeting of the Unsecured Trade Creditors held on Tuesday, March 10, 2026. The meeting, conducted via Video Conferencing / Other Audio Visual Means (VC/OAVM), was held to consider the Scheme of Amalgamation involving Quality Care India Limited (Transferor Company) and Aster DM Healthcare Limited (Transferee Company).
Voting Results and Approval Threshold
The resolution pertaining to the Scheme was approved by the requisite majority as mandated under Section 230(6) of the Companies Act, 2013. This requires approval by a majority of persons representing three-fourths in value of the unsecured trade creditors voting. The voting process included both remote e-voting and e-voting during the meeting.
Key details regarding the creditors who participated and voted are as follows:
- Total Unsecured Trade Creditors (as on Cut-off Date Oct 31, 2025): 1116
- Creditors Attended/Voted (Public): 51
- Remote E-Voting Period: March 06, 2026 to March 09, 2026.
Consolidated Voting Breakdown (Non-Public Institution)
The detailed voting results, scrutinized by Practicing Company Secretary Mr. Mohit Kumar Goyal, showed overwhelming support from the voting bloc classified as Non-Public Institution creditors (which constituted all participating creditors):
- Total Votes Polled (in value): 680398379 (representing 80.06933444% of the outstanding value).
- Votes in Favour: 680398379
- Votes Against: 0
- Percentage in Favour (of votes polled): 100%
Scrutinizer’s Concluding Remarks
The Scrutinizer’s Report confirms that 206 unsecured trade creditors, representing 80.0693% of the total debt value held by voting creditors, voted in favour, totaling INR 68,03,98,379. The resolution was carried unanimously by the represented value. The Chairman of the Meeting, Ms. K.V.S. Madhumita, countersigned the results on March 11, 2026.
Source: BSE
