Narayana Hrudayalaya Limited has announced a proposed merger with Meridian Medical Research & Hospital Ltd, a subsidiary. The extra-ordinary general meeting of shareholders is scheduled for January 19, 2026, for approval. The merger aims to consolidate operations and enhance financial strength. Remote e-voting will begin on January 16, 2026, and end on January 18, 2026. The record date for determining shareholder eligibility is January 12, 2026.
Merger Announcement
Narayana Hrudayalaya Limited has announced a proposed merger with its subsidiary, Meridian Medical Research & Hospital Ltd. This decision follows directions from the Hon’ble National Company Law Tribunal, Bengaluru Bench. The meeting of shareholders is scheduled for January 19, 2026, to seek approval for the scheme of arrangement.
Meeting Details and Voting Information
The meeting to approve the merger will be conducted via video conferencing. Key dates for the approval process include:
- E-voting start date: January 16, 2026, 9:00 A.M. (IST)
- E-voting end date: January 18, 2026, 5:00 P.M. (IST)
- Meeting date: January 19, 2026, 12:00 Noon (IST)
Shareholders who are on record as of January 12, 2026, are eligible to vote. The company has provided instructions for remote e-voting and participation in the meeting through the National Securities Depository Limited (NSDL) platform.
Strategic Rationale
The proposed merger is designed to consolidate the healthcare services provided by both entities, streamline management, and improve operational efficiencies. The merger is expected to lead to better financial stability and enhance shareholder value by eliminating inter-company transactions and reallocating capital to productive areas.
Financial Details
As of July 31, 2025, Meridian Medical Research & Hospital Ltd has:
- Unsecured Trade Creditors of ₹12.57 cr.
As of July 31, 2025, Narayana Hrudayalaya Limited has:
- Secured Creditors of ₹553.28 cr.
- Unsecured Loan Creditors of ₹800 cr.
- Unsecured Trade Creditors of ₹227.47 cr.
Source: BSE