Vijaya Diagnostic Centre Limited has informed the Exchange about Scheme of Arrangement

Nclt Scheme FiledListed Co AcquisitionStrategic Transactions View source PDF Explain this filing

VIJAYA · price

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

-2.5%Reaction day

₹1025.50

prior close

₹1018.50

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.2%-2.6% vs market

Healthcare Service Provider peers, median of 22sector-0.3%-2.2% vs sector

On the reaction day the stock moved 2.6 pts less than Nifty Smallcap 250 and 2.2 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

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10m

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

-2.5+0.2-2.6-0.3-2.2

Next day

-0.3+1.2-1.6-1.1+0.7

-1.5+2.1-3.6-0.4-1.1

-2.4+2.2-4.6-0.0-2.4

-2.4+2.3-4.7+0.8-3.2

-3.1+1.7-4.8-0.5-2.5

-4.3+2.7-7.0-0.9-3.4

15d

-3.9+3.5-7.4-3.2-0.7

-2.8+4.5-7.3-2.5-0.3

-1.9+0.6-2.5-4.1+2.2

+2.5-1.0+3.5-8.7+11.2

UpDownMarket · Nifty Smallcap 250Sector · Healthcare Service Provider peers, median of 22Pending

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

AI summary

Vijaya Diagnostic Centre has informed the exchanges that the NCLT Hyderabad Bench, after hearing the case on September 26, 2025, has reserved its orders on the Scheme of Amalgamation with Medinova Diagnostic Services Limited. Under the scheme, Medinova (Transferor) will merge into Vijaya Diagnostic (Transferee) on a going-concern basis with effect from the appointed date of April 1, 2024. The scheme was filed under Sections 230-232 of the Companies Act, 2013. The certified copy of the order is still awaited and will be submitted to the exchanges once received.

Likely market impact

This is a positive procedural milestone for the merger — once the NCLT pronounces its order, Medinova will formally become part of Vijaya Diagnostic, potentially expanding its diagnostic services network. Shareholders should watch for the final order and any subsequent swap ratio or share allotment details.