Medi Caps Ltd

Closure of Trading Window

Governance changes

• Re-appointment of Alok K Garg as Chairman and Managing Director; remuneration approved at AGM.
• Saloni Garg appointed Director and Whole-Time Woman Director; tenure 3 years from 07 Aug 2026.
• Tenure for Alok Garg is 3 years from 01 Sep 2026 to 31 Aug 2029.
• Saloni Garg's tenure is 3 years from 07 Aug 2026 to 06 Aug 2029.
• 43rd AGM was held on 22 September 2026; combined scrutinizer report received on 23 September 2026.
• Neither director is debarred by SEBI or any authority from acting as a director.
• Annexure-A disclosure; available on company website and XBRL filing.

AGM Details

• AGM conducted in September 2026 through VC/OAVM.
• Record date for voting entitlements disclosed.
• Meeting duration reported as a short session.

Resolutions & outcomes

• Ordinary resolution to adopt standalone and consolidated financial statements; approved.
• Special resolution for re-appointment of Alok Garg as CMD and remuneration; approved.
• Special resolution to appoint Saloni Garg as Director and Whole-Time Woman Director; approved.

Director changes

• Alok Garg re-appointed as Chairman and Managing Director.
• Saloni Garg appointed as Director and Whole-Time Woman Director.

AGM Details

• 43rd AGM held on 22 September 2026 via VC/OAVM.
• Meeting started 12:30 IST and concluded 12:50 IST.
• Venue deemed at registered office; meeting conducted via VC/OAVM.
• Total members on cut-off date: 10,524; members present: 57.
• Notice dated 6 August 2026 convened the AGM.
• Remote e-voting window: 19 Sep 2026 9:00 AM to 21 Sep 2026 5:00 PM.

Key Resolutions

• Ordinary: Adoption of standalone and consolidated financial statements for year ended 31 March 2026.
• Special: Re-appointment of Alok K Garg as CMD; remuneration payable.
• Special: Confirmation of Saloni Garg as Director and Whole-Time Woman Director.

Voting Results

• Resolution 1: Outcome not disclosed; voting results to be submitted later.
• Resolution 2: Outcome not disclosed; voting results to be submitted later.
• Resolution 3: Outcome not disclosed; voting results to be submitted later.

Director Changes

• Alok Garg re-appointed as CMD; remuneration approved.
• Saloni Garg confirmed as Director and Whole-Time Woman Director.

Auditors

• Statutory auditors present; no change announced.
• Internal and secretarial auditors attended the meeting.

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.