Narayana Hrudayalaya Ltd

GST order on corporate guarantees

• Order-in-Original sets GST demand on corporate guarantee provided to subsidiaries.
• Penalty imposed of Rs 53,15,150 under CGST/KGST regimes.
• Order dated September 24, 2026, received by the company on September 25, 2026.
• Company will prefer an appeal before the appropriate appellate authority.
• No material impact on current financials or operations reported.

Narayana Hrudayalaya Limited: Trading Window closed from October 01, 2026 (Thursday) and shall remain closed till 48 hours after the declaration of unaudited financial results for the quarter ending September 30, 2026

Change in corporate office address

• Corporate office relocated to 8th and 9th Floor, No. 84, Phase 1, West Avenue-1, Electronics City, Bengaluru 560100.
• No change in registered office; remains at 258/A, Bommasandra Industrial Area, Anekal Taluk, Bengaluru 560099.
• Effective date of relocation: 21 September 2026.

Meeting Details

• Date and time: Thursday, August 20, 2026 at 10:30 A.M. IST.
• Type and mode: One-on-One; Physical meeting.
• Event: Investor Meeting with FSSA Investment Managers.
• Participants: Company management to attend.
• Purpose: General investor interaction with the fund manager.

AGM details

• AGM held on 14 August 2026 via VC/OAVM.
• Scrutinizer’s report dated 17 August 2026.
• Remote e-voting window: 11–13 August 2026.
• Notice dated 22 May 2026.

Key resolutions and outcomes

• Resolution 1: Ordinary; adopt audited financial statements — Passed.
• Resolution 2: Ordinary; appoint/re-appoint auditors and fix remuneration — Passed.
• Resolution 3: Ordinary; dividend of Rs 4.50 per equity share — Passed.
• Resolution 4: Ordinary; reappoint Kiran Mazumdar Shaw as director — Passed.
• Resolution 5: Ordinary; ratify remuneration of Cost Auditors — Passed.
• Resolution 6: Special; revise remuneration of Viren Prasad Shetty — Passed.
• Resolution 7: Special; revise remuneration of Emmanuel Rupert — Passed.
• Resolution 11: Special; approve private placement of debt securities — Passed.

Dividend

• Dividend of Rs 4.50 per equity share approved.

Director changes

• Kiran Mazumdar Shaw reappointed as director (retiring by rotation).

Auditor appointments and remunerations

• Auditors appointed; remuneration fixed.
• Cost Auditors remuneration ratified for FY2026-27.

Debt securities

• Special approval for private placement of debt securities.

AGM details

• Held Aug 14, 2026, 11:30–12:57 IST, via VC/OAVM.
• Proxy voting not allowed; only attendees via VC/OAVM could vote.

Voting & results

• Remote e-voting Aug 11–13, 2026; voting at AGM also available.
• Results for items 1–11 to be submitted to exchanges by Aug 18, 2026.
• Scrutinizer appointed for e-voting.

Key business update

• Strategic update on UK hospital business acquisition of Practice Plus Group.
• Presentations covered performance, expansion, digital and ESG initiatives.

Financial Performance

• Domestic EBITDA margin around 24% with no beds added in 2–3 years.
• Margin growth driven by high-end procedures and increased robotics usage.
• Revenue growth expected from a mix of volumes and realizations.
• India net margin expanded 400 bps YoY including clinics.
• UK and Cayman segments showing improvement as ramp unfolds.

Domestic Hospital and Clinic Update

• Clinic footfalls support growth; Bangalore clinics strengthen the network.
• 66,000 clinic consultations were recorded in the quarter.
• ALOS targeted to settle around 3.9–4.0 days.
• North Bangalore expansion planned; HSR hospital on track.
• Most clinic revenue comes from membership programs.

Insurance and International Businesses

• Insurance losses remain volatile; book is still small.
• AI-based claim reviews and in-house claims aim to reduce fraud and costs.
• SME and retail segments expected to drive better margins.
• Cayman renewals in July achieved 100% acceptance.
• UK ROCE target not defined yet; still early days post-acquisition.

Balance Sheet and Cash Flows

• Cash balance has risen; INR 3,000 crores committed for projects over two years.
• Cash generation from India and Cayman supports deployment.
• Net debt-EBITDA is currently below 1; expected to decline by FY30.

Projects, Capex and Development

• Three projects postponed from FY28 to FY29; two to FY29 and one to FY30 due to licensing.
• Asset-light partner projects delayed by licensing issues; expected to improve.
• HSR Bangalore on track; North Bangalore expansion planned in second round.
• UK/Cayman software certification adds about 4–6 months to timelines.

Q&A Takeaways and Outlook

• ALOS target remains 3.9–4.0 days; efficiency drives ongoing.
• Integrated care model should support long-term profitability; timing depends on mix.
• Three years of capital deployment expected; progress reassessed periodically.
• Management refrains from providing short-term earnings guidance for insurance.

Meeting Details

• Wednesday, August 12, 2026, at 10:00 A.M. IST.
• Physical group investor meeting.
• Organised by Ambit Capital.
• Management to participate.
• Investor attendees: Sundaram Mutual Fund, Premji Invest, Unifi Capital.
• Additional attendees: Narnolia Financial Services, EverFlow Partners.
• Schedule tentative; changes possible.

Meeting Details

• Date and time: Thursday, August 06, 2026 at 04:30 P.M. IST.
• Mode: virtual, one-to-one meeting with American Century.
• Event organiser: Narayana Hrudayalaya Ltd.
• Type: one-to-one investor meeting.

Participants

• Key company participants: Group Company Secretary, Legal & Compliance Officer.

Purpose

• Purpose: schedule/intimation of a one-to-one investor meeting.

Additional Notes

• Schedule tentative; may change due to exigencies.