NBCC merger scheme with wholly owned subsidiary HSCC filed with exchanges
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NBCC has filed the scheme of arrangement for merging its wholly owned subsidiary HSCC (India) Limited into itself under Sections 230 to 232 of the Companies Act, 2013. The Appointed Date is April 1, 2026. HSCC, a healthcare infrastructure consultancy and project management firm, will be absorbed into NBCC. Since HSCC is wholly owned, no new shares will be issued and no consideration will be paid to shareholders. DIPAM has already conveyed its No Objection. The merger aims to consolidate healthcare and infrastructure consultancy capabilities, remove duplication, improve governance and lower costs. Board approval was on July 14, 2026 and filing with exchanges is dated July 18, 2026.
Internal merger of wholly owned subsidiary, no share issuance or dilution for NBCC shareholders. Streamlines operations, cuts compliance costs; no open offer triggered.