Meeting Type: Postal Ballot through remote e-voting (No physical meeting)
Voting Period: Commenced at 9:00 AM IST on Saturday, September 05, 2026, and ended at 5:00 PM IST on Sunday, October 04, 2026.
Deemed Passing Date: The resolution is deemed to have been passed on October 04, 2026.
Summary of Proposed Resolution and Implications
Resolution Description: Ordinary Resolution to approve revision in professional fee payable to Dr. Varun Shetty as a Consultant Surgeon, an office or place of profit under the Companies Act, 2013.
Implications: The revision constitutes a related party transaction requiring shareholder approval as the promoters/promoter group were interested in this resolution.
Voting Process and Methods
Voting Method: Remote e-voting exclusively through the National Securities Depository Limited (NSDL) platform.
Cut-off Date: Friday, August 28, 2026. Shareholders on record as of this date were entitled to vote.
Notice Dispatch: The Postal Ballot Notice dated August 28, 2026, was sent electronically to members. Physical copies were not dispatched.
Public Notice: Advertisements regarding the ballot were published in Financial Express (English) and Vijayavani (Kannada) on September 05, 2026.
Key Voting Outcomes
Overall Results
Total Shareholders on Record Date: 211,999
Total Valid Votes Cast: 157,579,854 shares
Votes in Favor: 143,431,978 shares (91.0218% of valid votes)
Votes Against: 14,147,876 shares (8.9782% of valid votes)
Invalid Votes: 0
Result: The ordinary resolution was passed.
Category-wise Voting Breakdown
Promoter and Promoter Group
Shares Held: 129,308,730
Votes Polled (E-Voting): 119,090,690 shares (92.098% of shares held)
Votes in Favor: 119,090,690 shares (100% of votes polled)
Votes Against: 0 shares (0% of votes polled)
Public - Institutions
Shares Held: 39,825,994
Votes Polled (E-Voting): 32,579,512 shares (81.8046% of shares held)
Votes in Favor: 18,451,178 shares (56.6343% of votes polled)
Votes Against: 14,128,334 shares (43.3657% of votes polled)
Public - Non-Institutions
Shares Held: 35,226,080
Votes Polled (E-Voting): 5,909,652 shares (16.7764% of shares held)
Votes in Favor: 5,890,110 shares (99.6693% of votes polled)
Votes Against: 19,542 shares (0.3307% of votes polled)
Scrutinizer's Role, Findings, and Conclusions
Scrutinizer: Sudhindra K S, Practicing Company Secretary (FCS No. 7909).
Role: To scrutinize the remote e-voting process in a fair and transparent manner based on data from NSDL.
Findings: The scrutinizer verified 888 e-voting events, all of which were valid. Of these, 634 members (holding 143,431,978 shares) voted in favor, and 254 members (holding 14,147,876 shares) voted against.
Conclusion: The ordinary resolution was passed with the requisite majority. The votes cast by public shareholders in favor were more than those against.
Compliance with Laws and Regulations
The process was conducted in compliance with Section 110 of the Companies Act, 2013, read with the Companies (Management and Administration) Rules, 2014, Regulation 44 of SEBI LODR, and Secretarial Standard SS-2.
The company adhered to MCA and SEBI circulars regarding electronic dispatch of notices and remote e-voting.
Additional Information
The full voting results and scrutinizer's report are available on the company's website (www.narayanahealth.org) and NSDL's website (www.evoting.nsdl.com).
