Orchid Pharma Limited (ORCHPHARMA) — Corporate Action

· NSE 🔴 High Importance Neutral
📢 Key Event
NCLT approves Dhanuka-Orchid amalgamation scheme
🔄 What Changed
Unanimous creditor approval enables scheme effectiveness
🔮 What's Next
Scheme effective upon ROC filing of certified order
💡 Investor Takeaway
Shareholders gain access to a larger, more efficient entity with improved financial scale.

Orchid Pharma announced NCLT approval of its amalgamation with Dhanuka Laboratories, effective April 1, 2024, creating a combined entity with Rs.1400-1500 crore turnover and Rs.200-250 crore EBITDA. The scheme consolidates operations, eliminates inter-company transactions, and requires statutory filings. Shareholders retain voting rights while creditors approved the restructuring unanimously. The order permits interested parties to seek further directions before finalization.

📄 View Original Announcement (PDF)

About Orchid Pharma Limited (ORCHPHARMA)

Healthcare · Pharmaceuticals & Biotechnology · Listed on NSE

Market Cap: ₹3,614.24 Cr P/E: 32.3

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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