Dr. Agarwals Eye Hospital Amalgamation: Record Date Confirmed

Record Date: November 18, 2026
Share Exchange Ratio: 23 shares for every 2 held

Reader Takeaway: Shareholders should verify demat status now; physical holders face administrative hurdles for share credit.

What just happened

Dr. Agarwals Eye Hospital Ltd has finalized the record date for its merger with Dr. Agarwal's Health Care Limited. Following the approval by the NCLT Chennai Bench on September 30, 2026, the company has officially declared November 18, 2026, as the date to identify eligible shareholders for the share swap.

Share Exchange Terms

Under the sanctioned scheme, shareholders of Dr. Agarwals Eye Hospital (face value ₹10) will be issued 23 equity shares of the transferee company, Dr. Agarwal's Health Care Limited (face value ₹1), for every 2 equity shares held. No fractional shares will be issued; instead, these will be consolidated by a trustee, sold on the market, and net proceeds distributed to eligible investors.

Action Required by Shareholders

Shareholders holding shares in demat mode will have their new shares credited automatically. However, physical shareholders face a more complex process. Those holding physical certificates are advised to dematerialize their holdings before the record date to ensure a direct credit. If shares remain in physical form, they will be allotted to a trustee’s account, requiring further verification and administrative steps to claim the equivalent shares.

What to track next

Investors should ensure their DP ID and Client ID details are up to date and active. Physical certificate holders should contact their depository participant immediately to initiate the dematerialization process to avoid the delayed distribution mechanism via the trustee.