Aashka Hospitals 14th AGM Notice Resolutions

Event Details

AGM Date: Thursday, September 24, 2026 at 11:30 am
AGM Venue: Between Sargasan and Reliance Cross Road, Sargasan, Gandhinagar – 382421
Remote e-voting period: Commences 09:00 am IST on Monday, September 21, 2026 and ends 05:00 pm IST on Wednesday, September 23, 2026
Cut-off date for voting: Thursday, September 17, 2026

Ordinary Business Resolutions

1. Adoption of Financial Statements

To receive, consider and adopt the Audited Financial Statements of the Company for the Financial Year ended March 31, 2026 together with the Board's Report and the Auditor's Report thereon.

2. Re-appointment of Director

To appoint Director in the place of Mr. Bipinchandra Dineshbhai Shah (DIN: 00934108), who retires by rotation and being eligible, offers himself for re-appointment.

Special Business Resolutions

3. Re-appointment of Mr. Bipinchandra Dineshbhai Shah as Chairman and Managing Director (Special Resolution)

Term: 3 years from September 20, 2026 to September 19, 2029
Basic Salary: ₹10,00,000 per month (Indian Rupees Ten Lakh only) or higher within Schedule V limits

Perquisites & Allowances (not to exceed ₹10,00,000 per month):

House Rent Allowances: Nil
Accommodation: Rent free accommodation with maintenance equivalent to ₹2,00,000 per month
Personal Accident Insurance: Premium paid/reimbursed
Medical Reimbursement: Actual expenses reimbursed or treatment at company hospitals
Leave Travel Concession: Provided once yearly for family
Club Fees: Annual fees reimbursed for maximum 2 clubs
Gratuity: As per applicable laws
Other allowances: As per company policy

Financial Impact: The resolution allows payment of minimum remuneration even if company has no profits or inadequate profits.

4. Increase in Overall Borrowing Limit (Special Resolution)

Purpose: To enable additional borrowing for long-term strategic and business objectives
Limit: Total borrowing shall not exceed ₹25 Crores (Indian Rupees Twenty-Five Crores only)
Authority: Board authorized to borrow from banks, financial institutions, bodies corporate, or other persons
Security: May be secured by mortgage, charge, hypothecation, lien or pledge of company assets

5. Authorization for Investments, Loans, Guarantees and Securities (Special Resolution)

Purpose: To make optimum use of available funds and achieve long-term strategic objectives
Limit: Not exceeding ₹50 Crores (Indian Rupees Fifty Crores only)
Activities covered: Loans to any person/body corporate, guarantees, security provision, and acquisition of securities of other bodies corporate
Authority: Board authorized to exceed normal limits under Section 186 of Companies Act, 2013

Financial Performance Highlights (Explanatory Statement)

| Total Income | 2,527.94 | 2,598.54 | 2,708.95 |

| Net Profit/(Loss) | 333.89 | 326.61 | 235.78 |

| Equity Dividend | Nil | Nil | Nil |

Director Information (Mr. Bipinchandra Dineshbhai Shah)

DIN: 00934108
Date of Birth: April 24, 1968
Qualification: Bachelor of Engineering (Civil), Gold Medallist
Experience: Nearly 30 years in Real Estate and Construction field
Current Remuneration: ₹1,44,00,000 per annum
Shareholding: 1,16,26,500 Equity Shares
First Appointment: November 09, 2012
Board Meetings Attended: 7 during the year
Other Directorships: Calica Construction and Impex Private Limited, Aashka Hospitality Private Limited

Voting and Procedural Details

Scrutinizer: Mr. Jay Surti (Mem. No. F11534) and failing him Mr. Sharvil B. Suthar (Mem. No. F11466) of M/s. Suthar & Surti, Company Secretaries
Result Declaration: To be placed on company website (www.aashkahospitals.in) and NSDL website immediately after AGM
Proxy Submission: Must be deposited at Registered Office not less than 48 hours before meeting
Electronic Communication: Notice sent electronically as per MCA and SEBI circulars