Meeting Details

The 4th Annual General Meeting is scheduled to be held on Friday, 18th August, 2026 at 11:00 AM (IST) at 124, Katju Nagar, Swastik App., Ratlam, Madhya Pradesh, India, 457001. The Annual Report is being sent electronically to shareholders and is available on the company website (www.shahhospitalratlam.com) and BSE website (www.bseindia.com).

Agenda Items

Ordinary Business:

1. Adoption of Annual Accounts: Audited Financial Statements for FY ended 31st March, 2026 together with Reports of Board of Directors and Auditors

2. Re-appointment of Dr. Milli Shah (DIN: 09715726) as Director retiring by rotation

Special Business:

3. Approval of remuneration of directors exceeding overall managerial remuneration limit as per Section 197 of Companies Act, 2013

  • Payment of remuneration to directors for FY 2026-27 notwithstanding that aggregate remuneration exceeds 11% of net profits
  • In case of no profits or inadequate profits, remuneration may be paid in excess of Schedule V limits
  • Specifically includes remuneration to Mr. Amit Shah (Managing Director) and Mr. Kirti Kumar Shah (Whole-time Director) in excess of 10% of net profits
  • Remuneration to other directors (non-managing/whole-time) in excess of 3% of net profits

Financial Performance (Standalone)

| Particulars | FY 2025-26 (₹ Lakhs) | FY 2024-25 (₹ Lakhs) | Change |

| Revenue from Operations | 942.76 | 899.86 | +4.77% |

| Other Income | 18.94 | 55.54 | -65.90% |

| Total Revenue | 961.71 | 955.40 | +0.66% |

| Total Expenses | 1,034.55 | 988.04 | +4.71% |

| Profit Before Tax | (72.84) | (32.64) | -123.16% |

| Deferred Tax Charge | (10.57) | 0.08 | - |

| Profit After Tax | (62.27) | (32.72) | -90.31% |

Key Financial Ratios

| Ratio | FY 2025-26 | FY 2024-25 | Change | Reason |

| Debtors Turnover | 32.22 | 15.33 | +110.18% | Increase in trade receivables |

| Current Ratio | 0.64 | 0.60 | +6.67% | Not significant (<25%) |

| Operating Profit Margin (%) | 8.12% | 1.45% | +460% | Increased revenue |

| Net Profit Margin (%) | -6.61% | -3.64% | -81.59% | Losses during the year |

| Return on Net Worth | -4.87 | -2.44 | -99.59% | Losses during the year |

Capital Structure

  • Authorized Capital: ₹7,50,00,000 divided into 75,00,000 Equity Shares of ₹10 each
  • Paid-up Capital: ₹6,80,85,420 divided into 68,08,542 Equity Shares of ₹10 each
  • No change in share capital during the year

Dividend Declaration

No dividend declared for FY 2025-26 due to losses incurred during the year.

Strategic Developments & Operational Highlights

  • New Hospital Facility: Commissioned 65-bed hospital at Thandla, District Jhabua
  • Advanced Equipment: Installed state-of-the-art CT Scan machine and new robotic machine for surgical procedures
  • Expansion: Undertaken expansion of new OPDs and associated healthcare facilities
  • Diagnostic Infrastructure: Installation of Siemens Magnetom Essenza 1.5T MRI Scanner (TIM + DOT Technology) commenced

Director Details for Re-appointment

Dr. Milli Shah (DIN: 09715726)

  • Date of Appointment: 25th August, 2022
  • Age: 47 years
  • Qualifications: MBBS from Bhavnagar University (2003), MS in General Surgery (2007)
  • Remuneration: ₹60,00,000 drawn during FY 2025-26; seeking remuneration up to ₹9,00,000 per month
  • Shareholding: 8,02,305 Equity Shares (11.78% of paid-up capital)
  • Relationships: Husband - Mr. Amit Shah (Managing Director), Father-in-law - Mr. Kirti Kumar Shah, Mother-in-law - Mrs. Hansa Shah
  • Board Meeting Attendance: 4 out of 4 meetings held

Board Composition

Executive Directors:

  • Mr. Amit Shah (Chairman & Managing Director)
  • Mr. Kirti Kumar Shah (Whole Time Director)
  • Mrs. Hansa Shah (Executive Director)
  • Mrs. Milli Shah (Executive Director)

Non-Executive Independent Directors:

  • Mr. Achint Porwal
  • Mr. Gaurav Ajmera
  • Mr. Meetesh Gadia
  • Mr. Sanjay Kumar Luniya

Key Managerial Personnel

  • CFO: Ms. Vaishale Bohra (appointed 09/02/2023)
  • Company Secretary: Ms. Saloni Badjatya (appointed 09/02/2023)

Remuneration Details

| Director/KMP | Designation | Remuneration (₹) | Ratio to Median Employee Remuneration |

| Mr. Amit Shah | Chairman & Managing Director | 84,00,000 | 84.45 |

| Mr. Kirti Kumar Shah | Whole Time Director | 36,00,000 | 36.19 |

| Mrs. Hansa Shah | Executive Director | 36,00,000 | 36.19 |

| Ms. Milli Shah | Executive Director | 60,00,000 | 60.32 |

| Ms. Vaishale Bohra | CFO | 2,52,000 | 2.53 |

| Ms. Saloni Badjatya | Company Secretary | 3,00,000 | 3.02 |

Independent directors received no remuneration except sitting fees.

Employee Information

  • Total Permanent Employees: 77 (including Executive Directors & KMP)
  • Average percentile increase in salaries: 5.20% for employees other than KMP
  • Managerial remuneration change: Nil

Corporate Governance

The company, being listed on SME Platform of BSE, is exempted from compliance with corporate governance provisions but complies with applicable sections of Companies Act, 2013.

Other Material Information

  • Banker: HDFC Bank Limited
  • RTA: Bigshare Services Private Limited, Mumbai
  • Listing: BSE SME Platform