Dr. Agarwal's Health Care Limited — JV/Acquisition, 01-06-2026: Amalgamation/Merger

Dr. Agarwal's Health Care (AHCL) is merging with its subsidiary, Dr. Agarwal’s Eye Hospital (AEHL) to boost efficiency, streamline operations, and enhance shareholder value. This merger aims for unified capital allocation and a stronger balance sheet. The National Company Law Tribunal has called meetings for creditors on July 2, 2026, to approve the scheme. For every 2 AEHL shares, shareholders will receive 23 AHCL shares. This will slightly dilute promoter shareholding in AHCL by ~1.48% while increasing public ownership, and is expected to be EPS accretive from year one.