Medi Caps Ltd

AGM Details

• Date and time: 22 September 2026 at 12:30 PM IST.
• Mode: VC/OAVM; venue deemed at registered office.
• Board meeting for Notice approval on 6 August 2026.
• Total resolutions: 3.
• E-voting window: 19 Sep 2026 09:00 to 21 Sep 2026 17:00.
• E-voting cut-off: 15 September 2026.
• Results to be announced within 2 working days after AGM.

Scrutinizer & Governance

• Scrutinizer: Darshika Wankhede (Practising Company Secretary).
• Appointment date: 6 August 2026.

AGM date and delivery framework

• 43rd AGM and FY2025-26 annual report scheduled for 22 Sep 2026 at 12:30 PM via VC/OAVM.
• Electronic dispatch to members with registered email; non-registered addresses will receive a physical letter.
• Annual Report/Notice available at medicaps.com/investorrelation/annual-reports and BSE/CDSL portals.
• Physical copy requests to investors@medicaps.com with Folio No./DP Id/Client Id.
• Notice aligns with Companies Act 2013, MCA Circular No. 03/2025 and SEBI Regulations.
• Letter is a draft for those without registered email; includes web link to full details.

Financial snapshot

• Standalone total income: 288.24 Lakhs.
• Standalone revenue from operations: 230.59 Lakhs.
• Standalone EBITDA: 6.12 Lakhs.
• Standalone PBT: -12.46 Lakhs.
• Standalone PAT: -13.87 Lakhs.
• Standalone EPS: -0.11.
• Consolidated total revenue: 2065.64 Lakhs.
• Consolidated PAT: -303.75 Lakhs.
• Consolidated EPS: -2.44.
• Dividends: no dividend declared for 2025-26.

Capital structure

• Equity share capital: Rs 12.47 Crore.
• Promoter stake: Alok Garg 26.21%, Manisha Garg 21.61%.
• Borrowings: Nil; no debt outstanding.
• Dematerialisation: 96.77% of shares.

Governance & board changes

• Ramesh Chandra Mittal resigned as Chairman & Director on 06 Aug 2026.
• Kusum Mittal resigned as Director on 06 Aug 2026.
• Saloni Garg appointed Additional Director & Whole-Time Woman Director from 07 Aug 2026.
• Alok K Garg re-appointed Chairman & Managing Director for three years from 01 Sep 2026.

Subsidiaries & related party

• Medgel Private Limited is a material subsidiary; 100% holding.
• Medgel turnover: 1014.26 Lakhs; investment in Medgel: 4282.35 Lakhs.
• Major related party transactions include MD remuneration Rs 84.00 Lakhs; CFO remuneration Rs 30.00 Lakhs; Saloni Garg Rs 24.00 Lakhs.
• End-year related party balances: MD Rs 7.00; Akshit Garg Rs 2.50; Saloni Garg Rs 2.00; Abhishek Jain Rs 0.70; Hemant Sethi Rs 1.95.

Audit, controls & compliance

• Statutory auditor: Rawka & Associates; Secretarial: Joshi Sahay; Internal: Praveen Shrivastava.
• Secretarial MR-3; historical charges flagged; ROC follow-up ongoing.
• Internal financial controls are adequate and effective.
• 2023-24 penalty: Rs 5,900 for delayed related party disclosure.

Outlook & risks

• Management focuses on real estate; project pipeline and prudent cost control.
• Market conditions impact near-term performance; ongoing liquidity management.

Shareholder information & AGM

• 43rd AGM scheduled 22 Sep 2026 via VC/OAVM.
• Cut-off date 15 Sep 2026; remote e-voting 19-21 Sep 2026.
• Top holders: Alok Garg 26.21%, Manisha Garg 21.61%, Sangeetha S 5.55%.

AGM Details

• Date/time: 22 September 2026 at 12:30 IST.
• Mode: VC/OAVM; venue at registered office.

Ordinary Business

• Adopt standalone financial statements for year ended 31 March 2026.
• Adopt consolidated financial statements for year ended 31 March 2026.

Special Businesses

• Re-appointment of Alok Garg as CMD for three years at Rs 7.00 Lakh per month.
• Appointment of Saloni Garg as Whole-Time Woman Director for three years at Rs 2.00 Lakh per month.
• Confirmation of Saloni Garg as Director and Whole-Time Woman Director.
• Perquisites capped at 25% of annual salary.

Director Changes

• Ramesh Chandra Mittal resigned as Chairman and Director on 06 Aug 2026.
• Alok K Garg appointed Chairman and Managing Director from 01 Sep 2026.
• Saloni Garg appointed Additional Director on 07 Aug 2026.

Resignations of Senior Management

• Saloni Garg resigns; Senior Manager; effective 6 Aug 2026; due to appointment as Additional Director.
• Akshit Garg resigns; General Manager; effective 6 Aug 2026; due to appointment as CFO and KMP.
• Both resignations confirm no other material reasons beyond stated.

MD re-appointment

• Re-appointment of Alok K. Garg as Chairman cum Managing Director for 01 Sep 2026–31 Aug 2029.
• Subject to members' approval at the 43rd AGM.
• MBA in Marketing; Diploma in Export Documentation; 26+ years' experience.
• Father-in-law of Saloni Garg.
• Not debarred by SEBI or authorities.

CFO appointment

• Appointment of Akshit Garg as CFO and KMP effective 07 Aug 2026.
• Term: Not specified.
• Masters in Management and Finance from RMIT; 8+ years in Finance and Marketing.
• Not debarred by SEBI or authorities.

Saloni Garg appointment

• Appointment of Saloni Garg as Additional Director and Whole-Time Woman Director, w.e.f 07 Aug 2026.
• Term: 3 years (07 Aug 2026–06 Aug 2029) subject to AGM.
• MBA branding expertise; Graduate in Business Management from Mumbai; senior Medicaps manager.
• Daughter-in-law of Alok K. Garg.
• Not debarred by SEBI or authorities.

Consolidated results

• Net sales for quarter ended 30 Jun 2026: ₹271.70 lakhs.
• Total income: ₹283.83 lakhs.
• PAT (continuing): ₹-223.29 lakhs.
• EPS (continuing): ₹-1.79 (basic and diluted).
• Other comprehensive income: ₹445.34 lakhs.
• Total comprehensive income: ₹222.05 lakhs.
• Medi-Caps Business Park shop revenue: ₹4.41 lakhs.
• Medgel Private Limited included; not material to the group.

Segment performance

• Pharma division revenue: ₹268.20 lakhs; PBT: ₹-164.33 lakhs.
• Real estate division revenue: ₹10.49 lakhs; PBT: ₹-58.96 lakhs.
• Total segment revenue: ₹278.69 lakhs; total segment PBT: ₹-223.29 lakhs.
• Consolidated net sales: ₹271.70 lakhs; other income: ₹5.14 lakhs.

Board actions & AGM

• Saloni Garg resigns; appointed Additional Director and Whole Time Woman Director for 3 years from 7 Aug 2026.
• Akshit Garg resigns as GM; appointed CFO and KMP from 7 Aug 2026.
• Alok K. Garg reappointed MD & CMD for 3 years from 1 Sep 2026.
• AGM scheduled for 22 Sep 2026 at 12:30 PM via VC/OAVM.
• Unaudited results to be uploaded on medicaps.com and BSE.

Auditor's review & disclosures

• Limited Review concluded no material misstatement in standalone and consolidated results.
• Consolidated results include Medgel Private Limited; not material to the group.

Director resignations

• Mr. Ramesh Chandra Mittal resigns as Chairperson and Non-Executive Non-Independent Director.
• Mrs. Kusum Mittal resigns as Non-Executive Non-Independent Director.
• Effective from close of business on 06 August 2026.
• Reason: personal health concerns for both directors.
• There are no other material reasons disclosed for either resignation.
• Board will consider acceptance; resignation letters to be placed at the upcoming Board meeting.
• No explicit regulatory or shareholder approval mentioned for the resignations.
• No committee memberships disclosed as affected by the resignations.
• There are no immediate changes to board composition announced.
• Resignations will be filed with ROC and BSE as applicable.