Vijaya Diagnostic Centre Limited has informed the Exchange that Record date for the purpose of Allotment of Shares pursuant to Scheme of Amalgamation is 25-Nov-2025.
VIJAYA · price
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Vijaya Diagnostic Centre has fixed 25 November 2025 as the record date to identify eligible shareholders of Medinova Diagnostic Services Limited who will receive shares in Vijaya under the ongoing scheme of amalgamation. The swap ratio is 1 equity share of Vijaya (face value INR 1) for every 22 equity shares held in Medinova (face value INR 10). This means Medinova shareholders will be allotted new shares of Vijaya as part of the merger. The record date determines who on Medinova's books as of 25 November will be entitled to the share entitlement. The intimation is filed under SEBI Listing Regulations following a board meeting held on 4 November 2025.
Medinova shareholders will receive Vijaya shares based on the 1:22 ratio and effectively become shareholders of Vijaya Diagnostic Centre. The actual listing of new Vijaya shares and any price movement will follow once the allotment is completed. This is a procedural step bringing the merger closer to completion for existing shareholders of both companies.