Aashka Hospitals Limited disclosed the outcome of its Board of Directors meeting held on Tuesday, 28 July 2026 from 17:00 hours to 18:00 hours. The board approved an investment through acquisition into a proposed subsidiary company named Aashka – Rhythm Hospitals Private Limited.
The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30 January 2026 (as amended).
Investment Details
- Entity Name: Aashka – Rhythm Hospitals Private Limited (proposed subsidiary)
- Incorporation Status: Yet to be incorporated
- Country of Incorporation: India (upon incorporation)
- Business Activity: Hospitals and healthcare activity
- Holding Structure: Aashka Hospitals Limited will hold 70% of the paid-up share capital
- Government Approvals: No specific governmental or regulatory approvals required for incorporation
Financial Terms
- Consideration Type: Cash consideration
- Investment Structure: Subscription to Memorandum and Articles of Association
- Number of Shares: 7,000 equity shares
- Face Value: ₹10 per share
- Total Investment Amount: ₹70,000 (Indian Rupees Seventy Thousand only)
- Resulting Control: 70% voting rights and control in the proposed subsidiary company
The document was signed by Bipinchandra D. Shah, Chairman & Managing Director (DIN: 009348108), with digital signature timestamped 2026.07.28 17:59:53 +05'30'.