Meeting Details
- Date: Monday, 28 September 2026
- Time: 11:30 AM IST
- Location: Conducted through Video Conferencing (VC)/Other Audio Visual Means (OAVM)
- Type: 18th Annual General Meeting
- Cut-off Date for Voting Eligibility: Monday, 21 September 2026
Proposed Resolutions and Implications
Ordinary Business
1. Adoption of Financial Statements: To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements for the financial year ended 31 March 2026, together with Reports of the Board of Directors and Auditors.
2. Re-appointment of Director: To appoint Mr. T J Wilson (DIN: 02135108), Non-Executive Director, who retires by rotation and offers himself for re-appointment.
Special Business
3. Ratification of Cost Auditor Remuneration: To ratify remuneration of ₹2,75,000 plus out-of-pocket expenses and applicable taxes to M/s. Jitender, Navneet & Co. (Firm Registration Number: 000119) for conducting cost audit for FY ending 31 March 2027.
4. Increase in Limits under Section 185: Special Resolution to increase aggregate outstanding limit for loans, guarantees, and/or securities to subsidiaries/joint ventures from ₹1,500 Crores to ₹7,500 Crores. Current utilization is approximately ₹40.50 Crores to Hindustan Pharma Distributors. Indicative utilization: ~₹4,500 Crores for organic growth and ~₹3,000 Crores for inorganic growth.
5. Increase in Limits under Section 186: Special Resolution to increase aggregate limit for investments, loans, guarantees, and securities from ₹11,500 Crores to ₹18,800 Crores. Current utilization is approximately ₹9,000 Crores. Indicative utilization: ~₹4,300 Crores for organic growth and ~₹3,000 Crores for inorganic growth.
Voting Process and Methods
- Remote E-voting Provider: National Securities Depository Limited (NSDL)
- E-voting Period: Friday, 25 September 2026 (09:00 AM IST) to Sunday, 27 September 2026 (05:00 PM IST)
- Voting Methods: Remote e-voting prior to meeting and e-voting during AGM for those who haven't voted remotely
- Scrutinizer: Mr. Rajiv Balakrishnan, Director of M/s Beyond Compliance Corporate Services Private Limited
- Voting Rights: Proportional to share of paid-up equity share capital as on cut-off date
Key Voting Outcomes
The voting results will be declared after the AGM. The Scrutinizer will submit his report to the Chairman within 48 hours of conclusion of the AGM, after which results will be communicated to stock exchanges, NSDL, RTA, and displayed on company website.
Compliance with Laws and Regulations
The AGM is convened in compliance with:
- Companies Act, 2013 and rules thereunder
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- MCA General Circular No. 20/2020 dated 5 May 2020 and subsequent circulars including General Circular No. 03/2025 dated 22 September 2025
- Secretarial Standard on General Meetings (SS-2) issued by ICSI
Additional Information
- The company distributed an interim dividend of ₹3 per equity share on 21 April 2026
- The company merged with Quality Care India Limited effective 1 July 2026, creating one of India's top three hospital chains with 10,898 beds
- Planned expansion of over 4,000 beds through brownfield and greenfield projects
- Registrar and Share Transfer Agent: MUFG Intime India Private Limited
- All dividend payments are mandated through electronic mode only as per SEBI regulations