Aster DM Quality Care Limited has submitted reports to stock exchanges detailing the distribution of net sale proceeds from fractional shares resulting from its amalgamation with Quality Care India Limited. The company confirmed that proceeds from the sale of 65 fractional shares, amounting to ₹43,834.43 after charges, have been distributed proportionally to eligible shareholders. A small aggregate amount of ₹1,886.45 for 8 shareholders could not be remitted and is held pending payment.
Aster DM Quality Care Distributes Fractional Share Proceeds
Aster DM Quality Care Limited (formerly Aster DM Healthcare Limited) has submitted reports to the BSE Limited and the National Stock Exchange of India confirming the distribution of net sale proceeds from fractional shares. This distribution is a result of the amalgamation scheme between Quality Care India Limited (Transferor Company) and Aster DM Healthcare Limited (Transferee Company).
Scheme of Amalgamation and Fractional Shares
The company’s announcement, dated 9 November 2026, outlines the process following the Scheme of Amalgamation. Fractional share entitlements were consolidated and the resulting 65 equity shares were sold on the National Stock Exchange of India (NSE) on 8 October 2026 at an average price of ₹676.0669 per share. The gross sale proceeds amounted to ₹43,944.35, with brokerage and statutory charges of ₹65.92, leaving net sale proceeds of ₹43,834.43 available for distribution.
Distribution Process and Unremitted Amounts
The distribution of these net proceeds to eligible shareholders was undertaken on 3 November 2026, in proportion to their respective fractional entitlements, as per the Scheme and SEBI Master Circular guidelines. It was noted that an aggregate amount of ₹1,886.45 pertaining to 8 Eligible Shareholders could not be remitted. This amount continues to be held by the Company on behalf of these shareholders and will be dealt with in accordance with applicable law.
Certifications
Reports from both the Audit Committee and the Independent Directors of Aster DM Quality Care Limited have been submitted, certifying that the net proceeds arising from the sale of consolidated fractional entitlements have been remitted to eligible shareholders, save for the aforementioned unremitted amount. The Independent Directors’ report, dated 6 November 2026, confirms the proportional remittance in accordance with the Scheme and SEBI requirements.
Source: BSE
