Dabur Gets NCLT Approval for Sesa Care Merger

Dabur India Ltd. has received approval from the National Company Law Tribunal (NCLT), New Delhi Bench, for the amalgamation of Sesa Care Private Limited with Dabur India. The tribunal sanctioned the Scheme of Amalgamation at its hearing held on September 24, 2026. The approval marks a key milestone in a transaction that was initially announced in October 2024. Dabur had acquired 51% of the paid-up Cumulative Redeemable Preference Shares (CRPS) of Sesa Care from its existing shareholder, True North, as part of the original transaction. Sesa Care operates in the Ayurvedic hair-care segment and owns a premium Ayurvedic hair-care brand. Dabur said the integration will complement its existing hair-care portfolio and provide opportunities to expand Sesa Care by leveraging Dabur's distribution network, category expertise and presence in international markets. The scheme had previously received the required approvals from Dabur's equity shareholders and unsecured creditors at meetings held on May 2, 2026, followed by approvals from relevant regulatory authorities. The merger will become effective after completion of the necessary statutory filings and other conditions specified under the scheme. Dabur has said that the integration is intended to strengthen its portfolio and tap newer growth opportunities, while potentially creating revenue and cost synergies through the combined business. My View: The NCLT approval removes an important procedural step for the merger. The key factor to monitor now will be the integration of Sesa Care and the contribution it makes to Dabur's hair-care portfolio.