Aster DM Healthcare Limited announced the summary of proceedings from the meeting of Unsecured Trade Creditors held on Tuesday, March 10, 2026, concerning the Scheme of Amalgamation between Quality Care India Limited and Aster DM Healthcare Limited. The meeting was conducted via Video Conferencing (VC) / Other Audio Visual Means (OAVM) following directions from the Hon’ble NCLT, Hyderabad bench. 51 unsecured trade creditors attended the proceedings.
Convening the Creditors’ Meeting
Pursuant to the Order issued by the Hon’ble NCLT dated 21 January 2026, a meeting of the unsecured trade creditors of Quality Care India Limited (Transferor Company) was convened. The purpose was to consider and approve the proposed Scheme of Amalgamation with Aster DM Healthcare Limited (Transferee Company). The meeting took place on Tuesday, 10 March 2026, at 02:00 P.M. (IST).
Meeting Proceedings and Attendance
The proceedings were chaired by Ms. K V S. Madhumita, Advocate, as directed by the Hon’ble NCLT. The meeting commenced after confirming the requisite quorum was present, with 51 unsecured trade creditors in attendance. The Chairperson introduced the management team and the Scrutinizer, Mr. Mohit Kumar Goyal, appointed by the Hon’ble NCLT.
The material information regarding the resolution, including the rationale for the Scheme, was detailed in the Explanatory Statement previously circulated to all creditors. With permission, the Notice, Explanatory Statement, and Scheme documents were taken as read.
Voting Mechanism and Information Disclosure
Creditors were informed that voting could be conducted through two methods: (i) remote e-voting prior to the meeting, and (ii) e-voting during the Meeting. The remote e-voting window was active from Friday, 6 March 2026, at 9:00 A.M. (IST) until Monday, 9 March 2026, at 5:00 P.M. (IST).
Mr. Sunil Kumar M R, Chief Financial Officer, addressed the creditors, explaining the salient features of the proposed Scheme. Creditors who registered as speakers subsequently posed queries, which were addressed and clarified by the Company’s management team.
Conclusion of the Meeting
Following the e-voting session overseen by the Scrutinizer, the Chairperson announced the conclusion of the meeting at 02:45 P.M. (IST) with a vote of thanks. The final voting results, alongside the Scrutinizer’s consolidated report, will be disseminated to the stock exchanges and made available on the Company’s website and the NSDL website within the prescribed timelines.
Source: BSE
