NCLT Chennai seeks clarifications on Dr. Agarwal's Eye Hospital Ltd's scheme of amalgamation under Sections 230-232 of the Companies Act, 2013.
Tribunal queries the share swap ratio description, valuation methodology, and requires full disclosure per stock exchange observations.
The order directs the applicant to submit an explanatory statement addressing the rationale for a post-listing merger and other shareholder concerns.
Meetings for equity shareholders and creditors are tentatively scheduled for July 8, 2026, at the Music Academy in Chennai.