NSEAcquisition1 Oct 2026 · 1 Oct 2026, 12:32 pm
Acquisition
Zota Health Care LImited · ZOTA
✦ AI SummaryM&A
Zota Health Care Limited has acquired 39,228 equity shares of its wholly-owned subsidiary, Davaindia Health Mart Limited, by subscribing to the right issue at Rs. 5075.00 per equity share.
Analysis Scores
Earnings Impact2/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
ZOTA: Zota Health Care Limited has informed the Exchange about Acquisition of 39,228 equity shares of M/s Davaindia Health Mart Limited, Wholly Owned Subsidiary of the Company, by way of subscription to the right issue.
Attachments (1)
📄pdf
Download →
ZOTA_01102026123158_AcqDava01102026.pdf
View document text
October 01, 2026
The Manager
Listing Department,
The National Stock Exchange of India Limited
Exchange Plaza, Bandra Kurla Complex,
Bandra (E), Mumbai – 400051
Dear Sir/ Madam,
Trading Symbol: ZOTA
Sub: Intimation of Acquisition of 39,228 equity shares of M/s Davaindia Health Mart Limited, Wholly
Owned Subsidiary of the Company, by way of subscription to the right issue
Ref.: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
With reference to the captioned subject, we, M/s Zota Health Care Limited (the “Company”) would
like to inform you that the Company has acquired 39,228 equity shares of M/s Davaindia Health Mart
Limited, Wholly Owned Subsidiary (“WOS”) of the Company, by way of subscription to the right issue.
The details required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026
dated January 30, 2026 are annexed herewith as Annexure-1.
This is for your information and record.
Thanking you,
Yours faithfully,
For Zota Health Care Limited
Ashvin Variya
(Group Company Secretary & Compliance Officer)
Place: Surat
Encl.: a/a
Registered Office:
Zota House, 2/896, Hira Modi Street,
Sagrampura, Surat-395002 Ph: +91 261 2331601
Email: info@zotahealthcare.com
Web: www.zotahealthcare.com
CIN: L24231GJ2000PLC038352
Annexure-1
Particulars Details
Name of the target entity, details in brief i. Name of the Target Entity: Davaindia Health
such as size, turnover etc. Mart Limited
ii. Business of the Target Entity: To operate retail
Generic Pharmacy chain under Company Owned
Company Operated (COCO) model of Davaindia
Generic Pharmacy.
iii. Financial details: As per the audited financial
statements for the Financial Year 2025-26, the
turnover of WOS was Rs. 267.71 crores. At
present, the total paid-up share capital is Rs.
298.13 lakhs.
Whether the acquisition would fall within No, the acquisition does not fall within the ambit of
related party transaction(s) and whether related party transactions. The promoter/ promoter
the promoter/ promoter group/ group group/ group companies do not have any interest in
companies have any interest in the entity WOS and the said transaction is done at arm’s length
being acquired? If yes, nature of interest basis.
and details thereof and whether the same
is done at “arm’s length”
Industry to which the entity being acquired Pharmaceutical
belongs
Objects and effects of acquisition The Company has made further investment in WOS
(including but not limited to, disclosure of as a part of strategic investment and to mitigate
reasons for acquisition of target entity, if working capital requirements of WOS. Post to this
its business is outside the main line of acquisition, M/s Davaindia Health Mart Limited
business of the listed entity); continues to remain as the WOS of the Company.
Brief details of any governmental or N.A.
regulatory approvals required for the
acquisition
Indicative time period for completion of On October 01, 2026, the Company has acquired the
the acquisition said 39,228 equity shares of WOS by subscription to
the right issue.
Nature of consideration - whether cash Cash consideration by way of acquisition of Equity
consideration or share swap and details of Shares.
the same;
Cost of acquisition or the price at which Cost of acquisition for subscription of 39,228 Equity
the shares are acquired Shares offered on right basis is Rs. 5075.00/- per
equity share (including premium of Rs. 5065.00/- per
equity share) aggregating to Rs. 19,90,82,100.00/-.
Percentage of shareholding / control The Company has further acquired 39,228 equity
acquired and / or number of shares shares of WOS. Post to this acquisition, the M/s
acquired Davaindia Health Mart Limited continues to remain
as the WOS of the Company.
Brief background about the entity M/s Davaindia Health Mart Limited was incorporated
acquired in terms of products/line of on January 01, 2020, domiciled in India; operating
business acquired, date of incorporation, COCO stores of Davaindia Generic Pharmacy having
history of last 3 years turnover, country in store presence in 23 states and 5 Union Territories
which the acquired entity has presence with 1855 stores as on June 30, 2026 and offering
and any other significant information (in 2000+ SKUs inclusive of Medicines, Ayurvedic,
brief) Cosmetics, Nutraceutical and OTC products.
During last three financial years the details of
turnover of WOS were as follows:
FY 2025-26 Rs. 267.71 crores
FY 2024-25 Rs. 109.93 crores
FY 2023-24 Rs. 44.77 crores