Meeting Details
- Meeting Type: 16th Annual General Meeting (AGM)
- Date: Tuesday, September 29, 2026
- Time: 11:00 A.M. (IST)
- Mode: Video Conferencing (VC)
- Record Date: September 22, 2026
- Total Shareholders on Record Date: 175,035
Shareholder Participation
- Promoters/Promoter Group Present through VC: 1
- Public Shareholders Present through VC: 43
- Total Shareholders Present: 44
Voting Process and Methods
- Remote e-voting conducted through National Securities Depository Limited (NSDL)
- Voting period: September 26, 2026 (9:00 AM IST) to September 28, 2026 (5:00 PM IST)
- E-voting facility also provided during AGM for shareholders who hadn't voted remotely
- Scrutinizer: Pramod S M of BMP & Co. LLP, Company Secretaries (Membership No.: 7834)
- Scrutinizer appointed at Board Meeting dated August 20, 2026
- Votes unblocked on September 28, 2026 at 12:26 PM IST in presence of two independent witnesses
Resolution Summary and Voting Outcomes
11 resolutions were considered at the meeting, with 10 passed and 1 not passed:
Resolution 1: Ordinary Resolution
Description: Adoption of Standalone and Consolidated Financial Statements for FY ended March 31, 2026, and reports of Auditors and Board of Directors
Result: Passed
Total Votes Polled: 1,201,810,823 (91.3663% of outstanding shares)
Votes in Favor: 1,201,810,240 (99.9999% of votes polled)
Votes Against: 583 (0.0001% of votes polled)
Resolution 2: Ordinary Resolution
Description: Re-appointment of Dr. Hebri Sudarshan Ballal (DIN: 01195055) as Director retiring by rotation
Result: Passed
Total Votes Polled: 1,201,810,918 (91.3663% of outstanding shares)
Votes in Favor: 1,177,973,246 (98.0165% of votes polled)
Votes Against: 23,837,672 (1.9835% of votes polled)
Resolution 3: Ordinary Resolution
Description: Re-appointment of Mr. Puneet Bhatia (DIN: 00143973) as Director retiring by rotation
Result: Passed
Total Votes Polled: 1,201,810,943 (91.3663% of outstanding shares)
Votes in Favor: 1,201,639,465 (99.9857% of votes polled)
Votes Against: 171,478 (0.0143% of votes polled)
Resolution 4: Ordinary Resolution
Description: Appointment of Price Waterhouse Chartered Accountants LLP as Statutory Auditors
Result: Passed
Total Votes Polled: 1,201,810,918 (91.3663% of outstanding shares)
Votes in Favor: 1,201,809,921 (99.9999% of votes polled)
Votes Against: 997 (0.0001% of votes polled)
Resolution 5: Ordinary Resolution
Description: Ratification of remuneration payable to Cost Auditors for FY 2026-27
Result: Passed
Total Votes Polled: 1,201,810,918 (91.3663% of outstanding shares)
Votes in Favor: 1,201,809,742 (99.9999% of votes polled)
Votes Against: 1,176 (0.0001% of votes polled)
Resolution 6: Ordinary Resolution
Description: Appointment of BMP & Co. LLP as Secretarial Auditors for 5 years
Result: Passed
Total Votes Polled: 1,201,810,918 (91.3663% of outstanding shares)
Votes in Favor: 1,181,275,179 (98.2913% of votes polled)
Votes Against: 20,535,739 (1.7087% of votes polled)
Resolution 7: Special Resolution
Description: Approval and ratification of Manipal Health Enterprises Employee Stock Option Plan 2024
Result: Passed
Total Votes Polled: 1,201,765,121 (91.3628% of outstanding shares)
Votes in Favor: 1,122,232,568 (93.3820% of votes polled)
Votes Against: 79,532,553 (6.6180% of votes polled)
Resolution 8: Special Resolution
Description: Ratification of extension of ESOP 2024 benefits to subsidiaries and group companies
Result: Passed
Total Votes Polled: 1,201,765,121 (91.3628% of outstanding shares)
Votes in Favor: 1,122,076,918 (93.3691% of votes polled)
Votes Against: 79,688,203 (6.6309% of votes polled)
Resolution 9: Ordinary Resolution
Description: Approval of Upside Sharing Arrangement with TPG SG Magazine Pte. Ltd.
Result: NOT PASSED
Total Votes Polled: 1,058,020,115 (80.4286% of outstanding shares)
Votes in Favor: 410,166,749 (38.7680% of votes polled)
Votes Against: 647,853,366 (61.2320% of votes polled)
Note: Votes cast by Promoter and Promoter Group treated as invalid for this resolution
Resolution 10: Special Resolution
Description: Amendment to Articles of Association and grant of special rights to Temasek Group and MGHS Group
Result: Passed
Total Votes Polled: 1,201,765,121 (91.3628% of outstanding shares)
Votes in Favor: 1,135,122,829 (94.4546% of votes polled)
Votes Against: 66,642,292 (5.5454% of votes polled)
Resolution 11: Special Resolution
Description: Fixation of term of Dr. Ranjan Ramdas Pai (DIN: 00863123) as Non-Executive Director
Result: Passed
Total Votes Polled: 1,201,810,918 (91.3663% of outstanding shares)
Votes in Favor: 1,193,972,791 (99.3478% of votes polled)
Votes Against: 7,838,127 (0.6522% of votes polled)
Category-wise Voting Breakdown
Promoter and Promoter Group:
- Total Shares: 948,176,081
- Consistently voted 100% in favor on all resolutions where their votes were valid
Public Institutions:
- Total Shares: 11,314,355
- Consistently voted 100% in favor on all resolutions
Public Non-Institutions:
- Total Shares: 355,886,766
- Showed varying levels of support across resolutions, with significant opposition to Resolution 9
Scrutinizer's Findings
- Pramod S M of BMP & Co. LLP served as Scrutinizer
- Remote e-voting conducted through NSDL's platform
- Votes were unblocked in presence of two independent witnesses: Isha Shrotriya and Ishika Basu
- No invalid votes reported across any resolution
- All procedures complied with Companies Act, 2013 and SEBI LODR Regulations
Compliance Confirmation
The disclosure confirms compliance with:
- Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Section 108 of Companies Act, 2013
- Rule 20 of Companies (Management and Administration) Rules, 2014
- Secretarial Standards on General Meetings (SS-2)
- Relevant MCA and SEBI circulars
Additional Information
- Company website: www.manipalhospitals.com
- The voting results and scrutinizer's report have been submitted to National Stock Exchange of India Limited and BSE Limited