Aashka Hospitals Ltd

agm details

• AGM held 24 Sep 2026 at 11:30 am; mode: physical meeting in Gandhinagar.
• Record date for voting: 17 Sep 2026.
• Remote e-voting window: 21–23 Sep 2026.

resolutions put to vote

• Resolution 1: Ordinary – Adoption of Audited Financial Statements.
• Resolution 2: Ordinary – Re-appointment of director by rotation.
• Resolution 3: Special – Re-appointment as Chairman and MD.
• Resolution 4: Special – Increase in borrowing limit under Section 180(1)(c).
• Resolution 5: Special – Investments/loans/guarantees beyond Section 186 limits.

voting results

• Resolution 1 passed; 99.99% in favour, 0.01% against.
• Resolution 2 passed; 99.99% in favour, 0.01% against.
• Resolution 3 passed; 99.99% in favour, 0.01% against.
• Resolution 4 passed; 99.99% in favour, 0.01% against.
• Resolution 5 passed; 99.99% in favour, 0.01% against.
• One member opposed all resolutions (0.01%).

dividend

• No dividend proposed or declared.

directors / management changes

• Director by rotation re-appointed.
• Chairman and MD re-appointed.

auditors

• No auditor changes disclosed.

material related party transactions

• No material RPTs disclosed.

other material approvals

• Borrowing limit and investment authority approved.

AGM Details

• Date of AGM: 24 September 2026; remote e-voting facility available.
• Time not disclosed; mode not explicitly stated.
• Shareholders on record date: 1,062.

Key Resolutions

• Resolution 1 (Ordinary): Adoption of Audited Financial Statements.
• Resolution 2 (Ordinary): Re-appointment of director by rotation.
• Resolution 3 (Special): Re-appointment of Chairman and Managing Director.
• Resolution 4 (Special): Increase in borrowing limit.
• Resolution 5 (Special): Investments/loans/guarantees beyond Section 186 limits.

Voting Results

• Resolution 1: Passed; ~99.99% in favour; turnout ~52.17%.
• Resolution 2: Passed; ~99.99% in favour; turnout ~52.17%.
• Resolution 3: Passed; ~99.83% in favour; turnout ~52.17%.
• Resolution 4: Passed; ~99.83% in favour; turnout ~52.17%.
• Resolution 5: Passed; ~99.83% in favour; turnout ~52.17%.

Dividend & Changes

• Dividend: No dividend proposed or declared.
• Director changes: Re-appointment of director by rotation; MD/Chairman re-appointment.

Aashka Hospitals Limited - Trading Window closure from 01 October 2026 up to 48 hours after the declaration of unaudited financial results for the half year ending 30 September 2026

AGM Details

• Date and time: 24 September 2026, 11:30 IST.
• Mode: Physical meeting at registered address.
• Remote e-voting window: 21–23 September 2026; polling papers available at AGM.
• Scrutinizer appointed: Suthar & Surti for vote tallies.
• Auditors reported no observations/qualifications.

Key Resolutions

• Ordinary: Receive and adopt Audited Financial Statements for FY 2025-26.
• Ordinary: Re-appoint director by rotation.
• Special: Re-appoint Bipinchandra Shah as Chairman and MD.
• Special: Increase in borrowing limit under Section 180(1)(c).
• Special: Investments/loans/guarantees beyond Section 186 limits.

Voting Status

• Voting results not disclosed in this filing; forthcoming.

Director Changes

• Director retiring by rotation: Bipinchandra Shah; eligible for re-appointment.

Financial performance

• Revenue from operations: ₹2,301.03 Lakhs in FY2025-26.
• Total income: ₹2,527.94 Lakhs in FY2025-26.
• Profit after tax: ₹333.89 Lakhs in FY2025-26.
• Operating margin: 18.43% in FY2025-26.
• Net margin: 14.51% in FY2025-26.
• EPS (Basic/Diluted): ₹1.43 in FY2025-26.
• Dividend: Nil for FY2025-26.

Hospital profile & capacity

• Hospital has 150 beds, including 65 ICU beds.
• 2 cardiac OTs and 4 dedicated OTs for super-specialities.
• Laminar airflow OTs with HEPA, modern anesthesia equipment.
• State-of-the-art Cath Lab and CT facilities.
• Located in Gandhinagar, Gujarat.

Capital structure & liquidity

• Authorized share capital ₹25 Crore; issued & paid-up capital ₹23.40 Crore.
• Long-term borrowings ₹5.68 Crore; short-term borrowings ₹2.56 Crore.
• Cash and cash equivalents ₹4.32 Crore.
• IPO fresh issue proceeds to company ₹65.34 Crore.

Governance & audit

• Board meetings: 7 during the year.
• Statutory auditors: Parimal S Shah & Co; no qualifications.
• Secretarial auditors: Suthar & Surti; no qualifications.
• Internal controls considered adequate; minor audit-trail observation in software.

Related party transactions & compliance

• Related party transactions are arm's length; disclosed via Form AOC-2 and Annexure-B.
• Unsecured loans from related parties: ₹9.30 Crore; repayments ₹9.34 Crore.
• Promoter-related entities: Pyramid Associates; Aashka Hospitality Pvt Ltd.

Outlook & strategy

• Outlook: positive medium- and long-term prospects for Indian healthcare.
• Strategic priorities: optimise capacity, strengthen high-demand and critical-care services.
• Risks: competition, regulatory changes, cost inflation, skilled-personnel shortages, cybersecurity.

AGM Details

• AGM on Sep 24, 2026 at 11:30 am, physical meeting in Gandhinagar.
• Address: Between Sargasan and Reliance Cross Road, Gandhinagar.
• Remote e-voting from Sep 21–23, 2026.

Ordinary Business

• Adopt Audited Financial Statements for FY 2025-26 with Board and Auditor reports.
• Re-appoint Bipinchandra Dineshbhai Shah as Director on rotation.

Special Business

• Re-appoint Shah as Chairman and MD for 3 years within Schedule V.
• Increase borrowing limit to ₹25 crore under Section 180(1)(c).
• Approve investments/loans/guarantees/securities up to ₹50 crore under Section 186.

Director Changes

• Director Shah re-appointed as Director after retirement by rotation.

Appointments/Resignations

• Re-appointment of Bipinchandra D. Shah as Chairman and Managing Director for a further 3-year term.

Board Approvals

• Approved Board Report and annexures for the year ended 31 March 2026.
• Approved the Notice of the 14th AGM; notice to be uploaded in due course.
• Decided not to incorporate the proposed Aashka-Rhythm Hospitals Private Limited subsidiary.

Parties and purpose

• Parties: Aashka Hospitals Limited and Rhythm Medical Stores; Rhythm Multispeciality Hospital.
• Also party: Cardioplus Heart Care; Rhythm Medical & Heart Hospital.
• Purpose: strategic arrangement to restructure into a single company with Aashka majority stake.

Key terms

• Aashka to hold 70% voting rights and capital in the newly emerged company.
• Aashka to acquire 70% equity shares or voting rights from existing shareholders; price via valuation on transaction date.
• Post-transaction, Aashka will control the majority of board and decisions.
• Initial parties are not related to Aashka/promoter group.
• Post-transaction, the newly emerged entity would be a related party to Aashka.
• RPT status: not an RPT for this MOU; post-restructuring entity would be related party.
• No shares issued at present; future issuance subject to valuation.
• Duration not specified.

Impact and governance

• Ownership/control shift: 70% stake to Aashka; majority control.
• Post-transaction consolidation creates a single entity managing Rhythm group units.
• No financing terms disclosed.

Other disclosures

• Regulatory approvals not specified; filing references Annexure I.

Key Decisions

• Board approved investment to acquire 70% in the proposed subsidiary Aashka Rhythm Hospitals Private Limited.
• Subsidiary to be incorporated in India; Aashka Hospitals to subscribe 7,000 equity shares at ₹10 each.
• Total cash consideration for the stake: ₹70,000.
• Aashka Hospitals to hold 70% of paid-up capital in the subsidiary.
• Subsidiary to carry on hospitals and healthcare activities.
• No specific regulatory approvals required for incorporation of the subsidiary.