Vijaya Diagnostic Centre Limited, a leading diagnostic service provider, held its meeting of equity shareholders on April 25, 2025, pursuant to the order of the Hon'ble National Company Law Tribunal (NCLT), Hyderabad Bench. The meeting was conducted via Video Conference (VC) and Other Audio Visual Means (OAVM), as mandated by the Tribunal in its order dated March 5, 2025.

The purpose of the meeting was to seek approval for the Scheme of Amalgamation between Medinova Diagnostic Services Limited (Transferor Company) and Vijaya Diagnostic Centre Limited (Transferee Company). The Scheme was presented for approval under Sections 230 to 232 of the Companies Act, 2013, with both the shareholders and creditors of the companies involved.

Voting Results Overview:

The voting process included remote e-voting and e-voting at the meeting, as per the guidelines set out by the Securities and Exchange Board of India (SEBI). A total of 65,418 shareholders were eligible to vote, with 56 shareholders attending the meeting via video conferencing.

Promoter and Promoter Group Voting:

The promoter group, which holds 5,44,52,053 shares, participated actively in the voting process. Out of this, 99.92% of the votes were cast in favor of the resolution, with no votes against. This demonstrated overwhelming support from the promoter group for the amalgamation scheme.

Public Institutional Shareholder Voting:

Public institutional shareholders, holding 4,42,49,621 shares, also showed strong support for the resolution, with 95.35% of the votes cast in favor. Once again, no votes were recorded against the proposal.

Public Non-Institutional Shareholder Voting:

Public non-institutional shareholders, who held 39,34,604 shares, showed a mixed response, with 99.93% of the votes cast in favor of the resolution. A small fraction, 0.07%, was against the scheme.

Scrutinizer’s Report:

The Scrutinizer’s Report, prepared by CS M.V. Padmaja Kalyani, confirms the results of the voting process. As per the report, the total number of votes cast in favor of the resolution was 9,66,76,952, representing 94.19% of the total outstanding shares. No invalid votes were recorded during the process, ensuring the transparency and fairness of the vote.

The resolution was passed with the requisite majority, with a clear approval of the proposed amalgamation scheme. The report is accessible on the company’s official website and the KFintech e-voting platform.

This voting outcome underscores strong shareholder confidence in the future growth and synergies expected from the amalgamation between Vijaya Diagnostic Centre Limited and Medinova Diagnostic Services Limited, promising improved service capabilities and expanded market reach.

For full details on the voting results and the Scrutinizer’s Report, shareholders can visit Vijaya Diagnostic Centre’s official website and KFintech’s e-voting portal.

This approval marks a significant milestone in the corporate restructuring of Vijaya Diagnostic Centre Limited and aligns with their strategic goals to enhance operational efficiencies and expand their diagnostic network.

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