Medinova Diagnostic Services Limited has completed a major restructuring with Vijaya Diagnostic Centre Limited.
Merger details
- Merging entities: Medinova Diagnostic Services Limited and Vijaya Diagnostic Centre Limited.
- Effective date: November 4, 2025.
- Appointed date: April 1, 2024.
- Share exchange ratio: 1 equity share of Vijaya Diagnostic Centre for every 22 equity shares of Medinova Diagnostic Services.
- Record date: November 25, 2025, for the allotment of new shares.
- Legal approval: The merger received approval from the Hyderabad Bench, Hyderabad
National Company Law Tribunal (NCLT) on October 13, 2025.
Impact of the merger
- Dissolution of Medinova: Medinova Diagnostic Services Limited has been dissolved and is no longer a separate entity and Vijaya Diagnostic Centre Limited will continue as the listed entity.
- Shareholder transition: Medinova shareholders will automatically have the new Vijaya Diagnostic Centre shares credited to their demat accounts based on the 1:22 exchange ratio.