In a gathering hung on August 30, 2025, the unprotected industry collectors of the Cquent Medical Restricted authorized the entire plan for the amalgamation. The approval was once given consistent with an order handed by way of the Honorable Nationwide Corporate Legislation Tribunal (NCLT), Hyderabad Bench II. The assembly integrated far flung e-voting and e-voting amenities for the collectors.
The proposal was once duly authorized by way of Honorable NCLT, Sri Ven Venka Reddy Bathina, a tradition corporate secretary, appointed for the far flung e-voting and e-voting procedure, that the proposal was once duly authorized with the desired majority by way of unsafe industry collectors. This majority signifies a three-fourth a part of the desired price beneath the Firms Act, 2013.
In line with the conductor’s record, the result of the balloting are as follows:
Within the general plan of Sammelan, Present Medical Restricted, Symed Labs Restricted, Vandana Existence Sciences Personal Restricted, Appcure Labs Personal Restricted, Vindhya Pharma (India) Personal Restricted, SV Labs PRIVATE LIMITED, Vindhya Organics Personal Restricted, VIYASH LIFE Sciences come with Personal Restricted, Geninn Existence Sciences Personal Restricted, and Sequant Analysis Restricted, with their respective shareholders and collectors.
The assembly happened consistent with the tips and regulations set by way of the Firms Act, 2013 and SEBI (list legal responsibility and disclosure necessities) Laws, 2015. The supply of far flung e-voting ensured intensive participation from unprotected industry collectors within the decision-making procedure.
This approval depends upon the situation that almost all of unprotected industry collectors, exercising balloting rights and representing three-fourths of the worth, vote in choose of the plan thru e-voting in far flung e-voting or assembly. The Speaker is allowed to claim the results of the assembly at the of completion of this situation.
All digital information and related information associated with e-voting and e-voting of unprotected industry collectors had been passed over to the corporate secretary for cover.
The acceptance of the entire plan of amalgamation represents crucial step in restructuring and consolidation of establishments concerned, which targets to create synergy and potency throughout the crew.
We request you to take the above in report, and imagine it as compliance with the provisions carried out to SEBI list laws.