Laurus Labs Limited has announced that the unsecured creditors of its subsidiaries, Laurus Synthesis Private Limited and Sriam Labs Private Limited, have officially approved the proposed Composite Scheme of Arrangement. The meetings, held on April 06, 2026, achieved the necessary quorum and support, marking a key milestone in the company’s organizational restructuring process. The scheme is now moving forward to obtain final clearances from the relevant judicial authorities.
Significant Milestone in Restructuring
Laurus Labs Limited reached a crucial stage in its corporate reorganization as the unsecured creditors of its wholly-owned subsidiaries, the Demerged Company (Laurus Synthesis Private Limited) and the Resulting Company (Sriam Labs Private Limited), successfully voted in favor of the Composite Scheme of Arrangement. The meetings were conducted on April 06, 2026, in accordance with formal judicial directives.
Next Steps for the Scheme
The company confirmed that the voting process was carried out in a fair and transparent manner, with the requisite quorum present at both creditor meetings. Having secured this crucial approval, the company will now focus on the final implementation phases. The Composite Scheme of Arrangement remains subject to final approval from the Hon’ble National Company Law Tribunal and other applicable statutory and regulatory authorities before it can be fully executed.
Source: BSE
