Description

Listing and trading permission for 18,19,21,827 equity shares of Viyash Scientific Ltd issued pursuant to composite scheme of amalgamation, effective January 29, 2026.

Summary

BSE has approved the listing and trading of 18,19,21,827 equity shares of Rs. 2/- each of Viyash Scientific Ltd (formerly Sequent Scientific Ltd, Scrip Code: 512529) effective January 29, 2026. These shares were issued pursuant to a composite scheme of amalgamation involving Sequent Scientific Limited and nine other entities including Symed Labs Limited, Vandana Life Sciences Private Limited, Appcure Labs Private Limited, Vindhya Pharma (India) Private Limited, S.V. Labs Private Limited, Vindhya Organics Private Limited, Viyash Life Sciences Private Limited, Geninn Life Sciences Private Limited, and Sequent Research Limited under Sections 230 to 232 of the Companies Act, 2013.

Key Points

  • Total new equity shares listed: 18,19,21,827 shares of Rs. 2/- each
  • Company name changed from Sequent Scientific Ltd to Viyash Scientific Ltd
  • Scrip Code remains: 512529
  • ISIN Number: INE807F01027
  • Distinctive Numbers: 254112650 to 436034476
  • Date of Allotment: December 16, 2025
  • Trading commencement: January 29, 2026
  • New shares rank pari-passu with existing equity shares
  • Amalgamation involves 10 entities in total (1 transferee company and 9 transferor/amalgamating companies)

Regulatory Changes

The composite scheme of amalgamation was approved under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013. The scheme resulted in a corporate name change from Sequent Scientific Limited to Viyash Scientific Ltd, reflecting the post-amalgamation entity structure.

Compliance Requirements

  • Market participants must note the listing of additional equity shares for trading purposes
  • The new shares are eligible for trading on BSE from January 29, 2026
  • All trading and settlement procedures will apply to these newly listed shares
  • Participants should update their systems to reflect the increased share capital and name change

Important Dates

  • Allotment Date: December 16, 2025
  • Notice Date: January 28, 2026
  • Trading Commencement: January 29, 2026 (Thursday)

Impact Assessment

Market Impact: The listing of over 18 crore new equity shares represents significant dilution for existing shareholders of Viyash Scientific Ltd. The composite amalgamation scheme consolidates operations of 10 pharmaceutical and life sciences entities into one entity, which may lead to operational synergies and streamlined operations.

Shareholder Impact: Existing shareholders will experience dilution due to the substantial increase in share capital. However, the consolidation of multiple entities may create long-term value through economies of scale, integrated operations, and elimination of inter-company complexities.

Liquidity Impact: The significant increase in the number of shares outstanding (from distinctive numbers range) will substantially improve stock liquidity and may attract increased trading volumes.

Operational Impact: The amalgamation of pharmaceutical manufacturing, research, and life sciences entities suggests strategic consolidation in the sector, potentially creating a more diversified and robust pharmaceutical company.

Impact Justification

Significant corporate restructuring involving amalgamation of 10 entities with substantial equity issuance, affecting existing shareholders through dilution but routine listing procedure