Key Event and Dates

Mr. Mahendra C. Raycha (DIN: 00577647) has been re-appointed as a Managing Director of Zenith Healthcare Limited (Scrip Code: 530665). The re-appointment was approved by shareholders via a special resolution passed at the 32nd Annual General Meeting (AGM) of the company. His new term is for three consecutive years, effective from July 1, 2026, to June 30, 2029.

The re-appointment was previously approved by the company's Nomination and Remuneration Committee on June 30, 2026, and by the Board of Directors in their meeting held on August 4, 2026. This intimation letter was issued on August 31, 2026.

Details of the Appointed Individual

Personal and Professional Details

  • Name & DIN: Mr. Mahendra Chatrabhuj Raycha (DIN: 00577647)
  • Date of Birth: October 5, 1953
  • Age: 70 Years
  • Educational Qualification: Chartered Accountant
  • Professional Membership: Member of The Institute of Chartered Accountants of India (Membership No.: 037038)
  • Experience: Chartered Accountant, Industrialist, Managing Director, Businessman. He has over 20 years of experience as Managing Director.

Rationale for Re-appointment

Mr. Raycha is a promoter and director of the company. The re-appointment at the age of 70 was necessitated as per the provisions of Section 196 of the Companies Act, 2013, which requires such an appointment to be made immediately by a special resolution. The justification provided cites his fitness, rich experience in dealing with clients and suppliers, and his role in the company being a zero-debt entity working with its own generated funds.

Shareholding and Other Directorships

  • Shareholding: He holds 6,604,000 equity shares in his name, constituting 12.29% of the voting power.
  • Other Directorships/Chairmanships:

1. Zenith Lifecare Private Limited

2. Zenith Medicine Private Limited

3. Ray Remedies Private Limited

4. Achyut Healthcare Limited

  • Committee Memberships: He does not hold any chairmanship or membership of committees of the Board in other listed entities.

Remuneration Details

  • Monthly Remuneration: Fixed at up to ₹200,000.
  • Payment Frequency: Payable monthly, bi-monthly, quarterly, half-yearly, or yearly as per the financial convenience of the company.
  • Other Perquisites: As per the agreement. The disclosure states there is no increase or decrease in the remuneration payable.

Regulatory and Compliance Information

The intimation includes a confirmation as required by BSE and NSE circulars that Mr. Mahendra Chatrabhuj Raycha is not debarred from holding the office of director by virtue of any order passed by SEBI or any other authority.

The document was signed by Mihir Satishbhai Shah (ACS: A41922), Company Secretary & Compliance Officer of Zenith Healthcare Limited.

Company Addresses

The registered offices/units of the company are provided as:

  • Unit 1: 388/34, Changodar Industrial Estate, Sakrhej-Bavla Highway, Changodar, Ahmedabad - 382213 (Gujarat)
  • Unit 2: Survey No. 1078, Bhat Chancharwadi Road, Bhat, Ahmedabad - 382210 (Gujarat)
  • Godown: 56/B, Changodar Industrial Estate, Vibhag-1, Godown No.1, Sarkhej-Bavla Highway, Changodar, Ahmedabad - 382213 (Gujarat)