Meeting Details

  • Type of Meeting: Postal Ballot through remote e-voting process
  • Cut-Off Date: Friday, July 31, 2026
  • E-voting Period: August 05, 2026 (9:00 a.m. IST) to September 03, 2026 (5:00 p.m. IST)
  • Resolution Deemed Passed Date: September 03, 2026 (last date of e-voting)

Proposed Resolution

Special Resolution for amending certain objects of IPO proceeds:

  • Original IPO: Fresh issue of equity shares aggregating INR 7,700 million (INR 7,132.77 million net proceeds after expenses)
  • Proposed variation: Reallocation of unutilized amounts from Objects 2 and 3 to new Object 5

Detailed IPO Proceeds Utilization Status

| Object | Description | Amount Raised (INR mn) | Amount Utilized (INR mn) | Unutilized (INR mn) | Extent of Achievement |

| 1 | Repayment/prepayment of borrowings | 3,800.00 | 3,800.00 | Nil | 100% |

| 2 | Development of new hospital by Park Medicity (NCR) | 605.00 | 195.19 | 409.81 | 32.26% |

| 3 | Purchase of medical equipment | 274.59 | 36.08 | 238.51 | 13.14% |

| 4 | Unidentified inorganic acquisitions and general corporate purposes | 2,453.18 | 2,453.18 | Nil | 100% |

| Total (excluding issue expenses) | | 7,132.77 | 6,484.45 | 648.32 | 90.91% |

| Issue related expenses | | 567.23 | 567.23 | Nil | 100% |

| Total (including issue expenses) | | 7,700.00 | 7,051.68 | 648.32 | 91.58% |

Proposed Variation Details

  • Object 5: Funding capital expenditure regarding acquisition of The Medicity Hospital, Rudrapur
  • Amount: INR 648.32 million (unutilized amounts from Objects 2 and 3)
  • Timeline for utilization: Fiscal Year 2026-27
  • The Medicity Hospital details: 330-bed multi-super speciality hospital, NABH-accredited, ~7,000 sqm land, ~1.64 lakh sqft covered area

Voting Process

  • E-voting service provider: National Securities Depository Limited (NSDL)
  • Voting methods: Remote e-voting through NSDL platform, CDSL platform, or Depository Participants
  • Scrutinizer: Mr. Deepak Sharma, Partner of Sharma Jain and Associates, Practising Company Secretaries
  • Result declaration: On or before Monday, September 07, 2026
  • Results will be hosted on company website (https://www.parkhospital.in/) and NSDL website (https://evoting.nsdl.com)

Compliance Information

  • Compliance with: Companies Act 2013, SEBI Listing Regulations, SEBI ICDR Regulations, MCA Circulars
  • Documents available for inspection: From notice circulation date until last date of e-voting via email request to investors@parkhospital.co.in
  • Notice distribution: Electronic mode only to members with registered email addresses

Justification for Variation

  • Strategic opportunity to acquire established healthcare facility in Rudrapur
  • Maintain prudent capital structure (term borrowings at INR 282 million as of March 31, 2026)
  • Optimize capital allocation and enhance long-term shareholder value
  • Expected positive impact on earnings and cash flow through operational synergies

Risk Factors

  • Integration challenges with acquired business
  • Potential undisclosed liabilities from acquisition
  • Difficulty in realizing anticipated synergies and benefits
  • Regulatory and compliance risks

Additional Information

  • Notice available on company website: https://www.parkhospital.in/investor-relations
  • Stock exchange websites: www.bseindia.com and www.nseindia.com
  • NSDL e-voting website: www.evoting.nsdl.com
  • Exit offer under Regulation 59 of SEBI ICDR Regulations not applicable as more than 75% of IPO proceeds utilized