Vijaya Diagnostic Centre has allotted 1,71,792 equity shares following the amalgamation of Medinova Diagnostic Services Limited. The allotment was approved by the Hon’ble National Company Law Tribunal, Hyderabad Bench. The record date for determining eligible shareholders was November 25, 2025. The allotted shares rank equally with existing equity shares and will be listed on BSE and NSE after approvals.
Equity Share Allotment
Vijaya Diagnostic Centre has announced the allotment of 1,71,792 equity shares as part of the scheme of amalgamation with Medinova Diagnostic Services Limited. The decision follows the approval from the Hon’ble National Company Law Tribunal (NCLT), Hyderabad Bench, with an order dated October 13, 2025.
Background of the Allotment
This allotment is further to the company’s earlier communication on November 04, 2025, regarding the effectiveness of the amalgamation scheme. The record date, set on November 25, 2025, was used to identify eligible shareholders of Medinova Diagnostic Services for the allotment of equity shares of Vijaya Diagnostic Centre, based on the approved share exchange ratio.
Details of the Allotment
The Board of Directors approved the allotment via a circular resolution. Each equity share has a face value of ₹1/-. These shares have been allocated to eligible shareholders of Medinova Diagnostic Services, whose names were recorded in the Register of Members as of the record date, November 25, 2025.
Terms and Conditions
The newly allotted equity shares will rank equally with the existing equity shares of the company. The shares will be credited to the respective shareholders and listed on BSE Limited and the National Stock Exchange of India Limited, subject to receiving necessary approvals.
Dematerialized Form
As per the approved Scheme of Amalgamation, all equity shares of Vijaya Diagnostic Centre allotted to the eligible shareholders of Medinova Diagnostic Services Limited will be issued in dematerialized form only.
VDCL Physical Shareholders Trust
A trust, named VDCL Physical Shareholders Trust, has been established for eligible shareholders of Medinova Diagnostic Services Limited who held shares in physical form on the Record Date. These shareholders can approach the Registrar and Share Transfer Agent (KFin Technologies Limited or the Company) for credit of shares in dematerialized form, following due procedure and necessary verification.
Fractional Entitlements
Fractional entitlements arising from the allotment have been consolidated and allotted to an Independent Trustee, Catalyst Trusteeship Limited. The Trustee will dispose of these consolidated fractional entitlements in the open market and remit the proceeds to the Company, which will then distribute the net proceeds to eligible fractional shareholders in proportion to their fractional entitlements.
Impact on Share Capital
Following this allotment, the issued, subscribed, and paid-up equity share capital of the Company has increased from ₹10,26,87,111/- to ₹10,28,96,728/-.
Source: BSE
