Sequent-Viyash amalgamation scheme effective, 18.19 crore shares allotted
VIYASH · price
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On the reaction day the stock moved 0.4 pts more than Nifty Microcap 250 and 0.3 pts more than its Pharmaceuticals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Sequent Scientific's NCLT-sanctioned composite scheme of amalgamation with Viyash and other entities became effective on Dec 16, 2025. Company allotted 18.19 crore equity shares to Viyash shareholders at 56:100 exchange ratio, plus 2.03 crore warrants at Rs 181.94 each. Paid-up capital rises to Rs 87.2 crore from Rs 50.8 crore. New MD Dr. Haribabu Bodepudi appointed; new CFO from Jan 1, 2026. CA Hull Investments becomes a promoter.
Share dilution from large equity issuance, but expanded operations and stronger leadership. Warrants add potential further dilution if converted.