SESA Care merger: The National Company Law Tribunal (NCLT), New Delhi Bench, has approved the amalgamation of Sesa Care Private Limited with Dabur India. The Scheme of Amalgamation was sanctioned at a hearing held on September 24, 2026.

The NCLT approval marks an important step in the merger process and paves the way for the integration of Sesa Care with Dabur India. However, the merger will not become effective immediately following the tribunal’s approval. The company must complete the required statutory filings, compliances and other formalities under the approved scheme.

NCLT Approves Sesa Care Merger With Dabur India

Sesa Care is an Ayurvedic hair-care brand that will be integrated into Dabur India’s existing hair-care portfolio after completion of the merger. Dabur has said the transaction will provide an opportunity to add an Ayurvedic brand to its portfolio and strengthen its presence in the hair-care segment.

Dabur Global CEO Mohit Malhotra described the NCLT approval as an important milestone for the transaction. He also highlighted Sesa Care’s Ayurvedic credentials and their relevance to Dabur’s existing hair-care portfolio.

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From 51% Dabur Acquisition to Full Amalgamation

The Sesa Care merger traces back to October 2024, when Dabur India announced the acquisition of a 51 per cent stake in Sesa Care from existing shareholder True North through paid-up Cumulative Redeemable Preference Shares (CRPS).

At the time of the transaction, Dabur announced its intention to merge Sesa Care with the company, subject to the required regulatory approvals. According to Dabur’s official announcement, the 51 per cent CRPS acquisition was for ₹12.59 crore. The enterprise value of Sesa Care was estimated at ₹315-325 crore, including associated debt of ₹289 crore.

Shareholder and Creditor Approvals Came Earlier

The NCLT approval came after the required shareholder and creditor approval process. Dabur India’s equity shareholders and unsecured creditors approved the scheme at meetings convened under the directions of the NCLT on May 2, 2026.

The scheme also received approvals from the relevant regulatory authorities. Dabur’s investor information portal contains documents relating to the NCLT proceedings, shareholder and creditor meetings, regulatory observations and the Scheme of Amalgamation.

What the Sesa Care Merger Means for Dabur

The integration of Sesa Care into Dabur India will bring the business under Dabur’s wider distribution network, category expertise and global footprint. The company has indicated that these capabilities can help scale the Sesa Care business further.

Dabur Executive Director and Group Head of Corporate Strategy Abhinav Dhalla said the integration is aligned with the company’s intent to strengthen its portfolio and explore new growth and monetisation opportunities. The company has also highlighted the potential for revenue and cost synergies from the integration.

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However, the NCLT approval alone does not make the merger effective. Dabur has stated that the scheme will become effective after the necessary statutory filings, compliances and other conditions specified under the scheme have been completed.

What Will Dabur India Do to Complete the Merger?

Dabur India will proceed with the required statutory filings and other formalities under the sanctioned Scheme of Amalgamation. Once these requirements are completed, the merger can become effective in accordance with the terms of the scheme.

The transaction has therefore moved from the regulatory approval stage towards implementation. Further filings and company disclosures are expected to indicate when the remaining formalities have been completed and the merger becomes effective.

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