Nature of the Event
This is a regulatory disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, informing the stock exchanges that a Scheme of Amalgamation between Torrent Pharmaceuticals Limited (Transferee Company) and J. B. Chemicals & Pharmaceuticals Limited (Transferor Company) has become effective.
Key Dates and Regulatory Actions
- The Hon'ble National Company Law Tribunal (NCLT), Ahmedabad Bench, sanctioned the Scheme via its order dated 6th July, 2026.
- The certified copy of the NCLT order was received by the companies on 7th July, 2026.
- The certified copies of the NCLT Order and the Scheme were filed with the Registrar of Companies, Ahmedabad, on 8th July, 2026.
- Consequently, the Scheme became effective on 8th July, 2026 (the Effective Date).
- The Appointed Date for the amalgamation, as per the Scheme, is 21st January, 2026.
Parties Involved
- Transferee Company: Torrent Pharmaceuticals Limited (Torrent Pharma)
- Transferor Company: J. B. Chemicals & Pharmaceuticals Limited (JB Chemicals)
- Approving Authority: National Company Law Tribunal (NCLT), Ahmedabad Bench
- Filing Authority: Registrar of Companies, Ahmedabad
Outcome of the Scheme
With effect from the Effective Date:
- J. B. Chemicals & Pharmaceuticals Limited stands amalgamated into Torrent Pharmaceuticals Limited.
- JB Chemicals is dissolved without being wound up.
Capital Structure Impact
Pursuant to the effectiveness of the Scheme, the capital clause of the Memorandum of Association of Torrent Pharmaceuticals Limited has been amended. The new authorized share capital of the company is ₹ 255,30,00,000 (Rupees Two Hundred Fifty Five Crores Thirty Lakhs). This capital is divided into:
- 46,06,00,000 (Forty Six Crores Six Lakhs) Equity Shares of ₹ 5 each.
- 25,00,000 (Twenty Five Lakhs) Preference Shares of ₹ 100 each.
The disclosure also notes the company's power to increase, reduce, and vary the classes and rights attached to its share capital as per its Articles of Association.
Additional Context
This communication is a follow-up to earlier intimations made by the company on 6th July, 2026 and 7th July, 2026 regarding the same Scheme.