Dabur India Limited has announced that its unsecured creditors have unanimously approved the proposed Scheme of Amalgamation with Sesa Care Private Limited. The meeting, conducted via video conferencing on May 2, 2026, saw 100% of the value of unsecured debt voted in favour of the resolution. This consolidation marks a significant step forward in the company’s strategic restructuring and business integration plans.
Successful Creditor Meeting
Following directions from the National Company Law Tribunal, Dabur India Limited convened a meeting of its unsecured creditors on May 2, 2026. The primary agenda was to seek approval for the Scheme of Amalgamation with Sesa Care Private Limited, which aims to combine the businesses under the provisions of the Companies Act, 2013.
Voting Results and Participation
The voting process, which included both remote e-voting and electronic voting during the meeting, resulted in unanimous support for the proposal. A total of 57 unsecured creditors cast their votes, representing a total debt value of INR 9,01,17,79,799. The participation was overwhelmingly positive, with 99.988% of the total debt value cast via remote e-voting and 0.012% cast during the live meeting.
Strategic Implications
With this approval secured, the company is now authorized to proceed with the next steps of the Scheme of Amalgamation. The board has been empowered to carry out all necessary acts, deeds, and filings required to implement the arrangement effectively. This strategic move is expected to streamline operations and enhance synergy between the entities involved, subject to final legal and regulatory sanctions.
Source: BSE
