Key Quantitative Figures

  • Total Income: ₹3,815.66 Lakhs (FY 2025-26) vs ₹3,567.21 Lakhs (FY 2024-25)
  • Profit/(Loss) Before Tax: ₹(114.68) Lakhs (FY 2025-26) vs ₹(142.81) Lakhs (FY 2024-25)
  • Profit/(Loss) After Tax: ₹(111.72) Lakhs (FY 2025-26) vs ₹(137.37) Lakhs (FY 2024-25)
  • Total Comprehensive Income/(Loss): ₹(118.81) Lakhs (FY 2025-26) vs ₹(155.99) Lakhs (FY 2024-25)
  • Paid-up Share Capital: ₹746.89 Lakhs
  • EBITDA: ₹84.21 Lakhs (FY 2025-26) vs ₹64.89 Lakhs (FY 2024-25)
  • Earnings Per Share: ₹(1.50) (FY 2025-26) vs ₹(1.84) (FY 2024-25)
  • Revenue from Operations: ₹3,703.90 Lakhs (FY 2025-26) vs ₹3,481.85 Lakhs (FY 2024-25)

Dates of Action

  • AGM Date: September 30, 2026 at 11:00 AM IST
  • Record Date: September 23, 2026
  • Register Closure: September 24-30, 2026
  • Remote E-voting Period: September 27-29, 2026 (9:00 AM to 5:00 PM)
  • Board Meeting Dates: May 29, August 13, September 3, November 13, 2025; January 9, February 11, 2026

Parties Involved

Board of Directors:

  • Mrs. R. Gomathi (Chairman and Managing Director, DIN: 02900460)
  • Mrs. Jayanthi Radhakrishnan (Managing Director, DIN: 09025308)
  • Mr. Edward M Prabhakar (Non-Executive Director, DIN: 11237027)
  • Mr. Akash Prabhakar (Non-Executive Director, DIN: 09787348)
  • Mrs. Shama Dhilip (Non-Executive-Independent Director, DIN: 11252717)
  • Mr. M. Karunakaran (Non-Executive-Independent Director w.e.f August 7, 2026, DIN: 11874200)
  • Mr. A.F. Simeon Telfer (Non-Executive Director w.e.f August 11, 2026, DIN: 11879121)
  • Ms. Sindu Chawla (Non-Executive Director w.e.f August 11, 2026, DIN: 11879201)
  • Mr. R V Ramanuja Bharathi (Non-Executive-Independent Director w.e.f August 11, 2026, DIN: 08553270)

Key Managerial Personnel:

  • Dr. M. Thanigai Vendan (Chief Executive Officer w.e.f August 11, 2026)
  • Mr. Dambaru Dhar Jena (Chief Financial Officer)
  • Mrs. M.S. Anantha Lakshmi (Company Secretary & Compliance Officer w.e.f January 9, 2026)

Auditors:

  • Statutory Auditors: M/S. ELIAS GEORGE & CO., Chartered Accountants (FRN: 000801S)
  • Secretarial Auditors: Mr. T. Murugan, Company Secretaries in Practice
  • Internal Auditors: M/S. R. Baskaran & Co., Chartered Accountants

Bankers: Indian Bank, Punjab National Bank, HDFC Bank

RTA: M/S. CAMEO CORPORATE SERVICES LIMITED

Purpose and Rationale

The submission is made in compliance with SEBI LODR Regulation 34(1) for providing the annual report and AGM notice to shareholders. The AGM will address ordinary business including adoption of financial statements and director reappointments, and special business including managerial remuneration approval and new director appointments.

Financial and Operational Impact

Explicitly disclosed impacts:

  • The company reduced its net loss from ₹137.37 Lakhs to ₹111.72 Lakhs year-on-year
  • Revenue from operations increased by 6.96% to ₹3,703.90 Lakhs
  • EBITDA improved by 29.77% to ₹84.21 Lakhs
  • Inpatient admissions increased from 2,551 to 2,852 patients
  • Outpatient visits increased from 29,241 to 29,774 patients
  • Total employee strength: 223 as of March 31, 2026

Managerial Remuneration:

  • Mrs. R. Gomathi proposed remuneration: ₹1,00,000 per month for 3 years from November 11, 2026
  • Dr. V. Krishnamurthy (ex-CEO): ₹240 Lakhs per annum
  • Mr. Dambaru Dhar Jena (CFO): ₹7.80 Lakhs for FY 2025-26

Capital Structure Impact

No change in share capital during the year. Paid-up equity share capital remains at ₹746.89 Lakhs comprising 74,68,920 equity shares of ₹10 each.

Cash Flow Implications

  • The company incurred no cash losses during FY 2025-26 (vs cash loss of ₹23.60 Lakhs in FY 2024-25)
  • Net decrease in cash and cash equivalents: ₹(200.21) Lakhs
  • Cash and cash equivalents at year-end: ₹64.48 Lakhs vs ₹264.69 Lakhs previous year

Forward-looking Guidance

Management anticipates sustained top-line revenue growth in the range of 8% to 12% over the next two fiscal years, aiming to achieve operational break-even and progressive net profit generation over the medium term through cost-rationalization and expanded procedural case mixes.

Material Changes

Board Composition Changes:

  • Dr. V. Krishnamurthy resigned as CEO effective June 15, 2026
  • Dr. M. Thanigai Vendan appointed as CEO effective August 11, 2026
  • Mr. K M Mohandass resigned as Independent Director effective March 14, 2026
  • Mr. K Meyyanathan and Mr. N Rajkumar completed their terms on May 19, 2026 and June 8, 2026 respectively
  • Four new directors appointed in August 2026

Compliance Issues:

  • Delay in appointing Compliance Officer within 3 months as required under SEBI LODR Regulation 6(1)
  • Delay in filing quarterly e-TDS returns on interest payable on loan from late Mr. A.N. Radhakrishnan for FY 2023-24, 2024-25, and 2025-26

Related Party Transactions

Transactions with related parties amounting to ₹150.84 Lakhs in trade payables, primarily comprising:

  • Loan from late Director Mr. A.N. Radhakrishnan: ₹1,062.64 Lakhs with interest @7% p.a.
  • Various lease rentals and service transactions with director family members