Dr. Agarwal’s Health Care Limited has announced the convening of a meeting for its Unsecured Creditors on July 02, 2026. The purpose is to consider and approve a scheme of amalgamation between Dr. Agarwal’s Eye Hospital Limited and Dr. Agarwal’s Health Care Limited. The meeting will be held physically and via e-voting, with remote e-voting commencing on June 07, 2026 and concluding on July 01, 2026. This marks a significant step towards the proposed merger.
Unsecured Creditors Meeting Scheduled for Amalgamation Approval
Dr. Agarwal’s Health Care Limited (AHCL) has formally announced the convening of a meeting for its Unsecured Creditors. This crucial meeting is scheduled to take place on Thursday, July 02, 2026, at 04:00 P.M. IST, at The Music Academy, T.T.K. Road, Chennai – 600 014. The primary objective of this assembly is to consider and, if deemed fit, approve the proposed Scheme of Amalgamation. This scheme details the amalgamation between Dr. Agarwal’s Eye Hospital Limited (AEHL) and Dr. Agarwal’s Health Care Limited (AHCL), along with their respective shareholders and creditors, as directed by the Hon’ble National Company Law Tribunal, Chennai Bench.
Remote E-voting Facilitation
To ensure broad participation and facilitate voting for all eligible Unsecured Creditors, AHCL has engaged the services of National Securities Depository Limited (NSDL). A remote e-voting facility will be made available, commencing on Sunday, June 07, 2026, at 09:00 A.M. (IST) and concluding on Wednesday, July 01, 2026, at 05:00 P.M (IST). This process allows creditors to cast their votes electronically prior to the physical meeting. Instructions and relevant documents for this process have been provided and are also accessible on the company’s website.
Key Dates and Cut-off
The notice for this important meeting is being sent electronically to Unsecured Creditors whose email addresses are registered with the Company as of Wednesday, December 31, 2025. This date also serves as the ‘Cut-off date’ for determining eligibility to exercise voting rights on the proposed resolution. Creditors whose names are registered as of this date will be eligible to participate in the voting process, either through remote e-voting or at the meeting itself.
Details of the Amalgamation Scheme
The proposed Scheme of Amalgamation aims to merge AEHL with and into AHCL. This consolidation is expected to bring together significant complementarities between the two entities, creating value for stakeholders through operational and financial efficiencies. The merged entity will benefit from a unified capital structure, streamlined functions, and a stronger balance sheet. The transaction is anticipated to enhance shareholder value and be EPS accretive from its first year of implementation. The detailed Scheme of Amalgamation and accompanying documents, including valuation reports and fairness opinions, are available for inspection and on the company’s website for thorough review by the creditors.
Meeting Logistics and Voting Procedures
The physical meeting will take place on Thursday, July 02, 2026, at 04:00 P.M. IST at The Music Academy, Chennai. In addition to remote e-voting, a facility for voting via e-voting system or polling papers will also be available at the venue for those attending the meeting. Unsecured Creditors are advised to vote using only one mode. The voting rights of Unsecured Creditors will be in proportion to their debt due by the Company as of the cut-off date. A quorum of 30 Unsecured Creditors is required for the meeting to proceed, with provisions for adjournment if the quorum is not met.
Scrutiny and Results
The Hon’ble Tribunal has appointed a Chairperson and a Scrutinizer to oversee the entire voting process, ensuring fairness and transparency. The Scrutinizer will submit a consolidated report on the total votes cast. The results of the voting will be declared within two working days from the conclusion of the meeting and will be made available on the company’s website and the NSDL portal.
Source: BSE
