Orchid Pharma Limited has informed the Exchange that Record date for the purpose of Meeting is 19-Jun-2025.
ORCHPHARMA · price
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Orchid Pharma has fixed June 19, 2025 as the record date to determine which equity shareholders are eligible to vote in the upcoming NCLT-convened meeting. The meeting is scheduled for June 26, 2025, where shareholders will vote on the proposed Scheme of Amalgamation of Dhanuka Laboratories Limited (Amalgamating Company) into Orchid Pharma Limited (Amalgamated Company). The scheme was earlier notified on May 25, 2025 along with the meeting notice. The record date has been set under SEBI Listing Regulations (Regulation 42).
This is a procedural step toward completing the merger of Dhanuka Laboratories into Orchid Pharma. Shareholders holding shares as of June 19, 2025 will have voting rights on the deal. Approval at the June 26 meeting would move the amalgamation closer to completion, which could be a significant event for both sets of shareholders.