Board approves amalgamation with group firm Achyut Healthcare
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Zenith Healthcare board approved amalgamation of Achyut Healthcare (same group) into itself. Exchange ratio: 119 Zenith shares for every 50 Achyut shares. No cash consideration. Achyut FY26 turnover Rs 1197 lakh, assets Rs 3809 lakh. Scheme subject to NCLT and shareholder approvals. Post-merger Zenith promoter stake rises from 28.74% to 45.80% as new shares are issued to Achyut shareholders.
Expands pharma portfolio and capacity. New equity issuance will significantly dilute existing public shareholders. Awaiting NCLT and shareholder approval.