Dabur India Limited has informed the Exchange about Receipt of order dated March 12, 2026, passed by the Hon ble National Company Law Tribunal, New Delhi Bench ( NCLT ) for inter alia convening meeting of the equity shareholders and unsecured creditors of Dabur India Limited in connection with the Scheme of Amalgamation between Sesa Care Private Limited Transferor Company and Dabur India Limited Company or Transferee Company and their respective shareholders and creditors
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The NCLT New Delhi Bench has directed Dabur India to convene meetings of its equity shareholders (4,87,801) and unsecured creditors (2,034) to consider the proposed Scheme of Amalgamation with Sesa Care Private Limited, with an appointed date of April 1, 2026. Sesa Care, a leading ayurvedic hair oil brand (3rd position in its category), is being merged into Dabur to fill a whitespace in Dabur's hair oil portfolio. Under the share exchange ratio, Dabur will issue 10 equity shares for every 146,779 Class A equity shares of Sesa, with similar ratios for Class B equity and CRPS holders. Dabur had earlier acquired 51% of Sesa's CRPS from True North Fund V LLP in January 2025. Meetings for secured creditors, NCD holders, and all Transferor Company stakeholders have been dispensed with as 100% consent has been obtained from them.
This is a procedural step forward in the Sesa Care merger — a strategic acquisition that strengthens Dabur's hair care portfolio with an ayurvedic premium brand. Subject to shareholder and creditor approval (meetings to be held via video conferencing), the merger could be earnings-accretive over time, but near-term impact will depend on swap ratio fairness and integration synergies.