Vijaya Diagnostic Centre Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
VIJAYA · price
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Vijaya Diagnostic Centre has completed the merger of its subsidiary Medinova Diagnostic Services Limited, with the scheme becoming effective on November 4, 2025 after NCLT Hyderabad's October 13, 2025 order. Medinova has been automatically dissolved without winding-up, and Vijaya's 62.14% cross-holding (62,02,220 shares) in Medinova has been cancelled. The share exchange ratio is 22 Medinova shares (face value INR 10) for 1 Vijaya share (face value INR 1), with a record date of November 25, 2025 for Medinova shareholders. Vijaya's authorised share capital has been increased to INR 23.05 crore (23.05 crore equity shares of INR 1 each), and Medinova's wholly-owned subsidiary Medinova Millennium MRI Services LLP (a Kolkata-based healthcare services entity with turnover of ~INR 2.36 crore in FY25) has become a wholly-owned subsidiary of Vijaya. The board also approved unaudited Q2 and H1 FY26 financial results.
The amalgamation consolidates Medinova's operations and its MRI LLP subsidiary directly under Vijaya, simplifying the group structure and eliminating the cross-holding. Medinova shareholders will receive new Vijaya shares per the 22:1 swap ratio post November 25 record date, which will modestly increase Vijaya's share count and dilute existing shareholders accordingly.