NCLT orders shareholder/creditor meetings for Apollo composite scheme of arrangement
APOLLOHOSP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The NCLT Chennai has passed an order directing convening of meetings of equity shareholders, secured and unsecured creditors of Apollo Hospitals, Apollo Healthco, Keimed Pvt Ltd, and Apollo Healthtech for their proposed composite scheme of arrangement. Meetings are scheduled for May 26-27, 2026. The plea to dispense with the secured creditors' meeting was dismissed (only 90.96% consent). Scheme remains subject to shareholder/creditor approval and final NCLT sanction.
Procedural milestone in restructuring. Shareholders and creditors will vote in late May; final scheme outcome depends on voting results and further NCLT approval.