Health X Board Approves Composite Scheme of Arrangement and Amalgamation

Demerger ratio announcedScheme filed with the NCLTStrategic Transactions View source PDF Explain this filing

HEALTHX · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-3.5%Reaction day

₹286.00

prior close

₹286.50

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.1%-2.4% vs market

Healthcare Service Provider peers, median of 24sector+0.0%-3.5% vs sector

On the reaction day the stock moved 2.4 pts less than Nifty Microcap 250 and 3.5 pts less than its Healthcare Service Provider peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-3.2

10m

-2.5

15m

-2.3

30m

-0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.5-1.1-2.4+0.0-3.5

Next day

-2.1+1.9-4.0+0.3-2.4

+4.9+3.7+1.2+0.0+4.9

+6.8+4.2+2.5+0.9+5.9

+11.2+5.4+5.8+0.8+10.3

+10.5+5.9+4.6+0.6+9.9

+10.3+7.6+2.7+0.7+9.6

15d

+9.1+7.7+1.4+1.7+7.4

+19.1+8.6+10.6-2.3+21.5

+5.2+10.5-5.3-1.5+6.8

+7.3+13.3-6.0-1.4+8.8

UpDownMarket · Nifty Microcap 250Sector · Healthcare Service Provider peers, median of 24Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Health X Platform board approved a composite scheme: (1) demerger of its financial services business into Microsec Resources at 1 Microsec share for every 3 Health X shares held; (2) amalgamation of Sastasundar Healthbuddy into Health X with 85.12 lakh new shares issued for 45.76 lakh SHBL shares; (3) merger of Innogrow Technologies into Microsec. Appointed date April 1, 2026. Subject to NCLT, SEBI, RBI and shareholder approvals.

Likely market impact

Promoter holding will dilute from 74% to 58%, public shareholding rises from 26% to 42%. Microsec Resources to seek listing.