Aashka Hospitals held its 14th Annual General Meeting on September 24, 2026, where shareholders approved a special resolution to increase the company's overall borrowing limit under Section 180(1)(c) of the Companies Act, 2013.

The meeting, chaired by Bipinchandra D. Shah, also authorized the company to make investments, give loans, guarantees, and securities in excess of limits specified under Section 186 of the Companies Act, 2013. These approvals signal a potential expansion in capital deployment or debt capacity for the healthcare provider.

Resolutions passed

The following ordinary and special business items were transacted during the meeting:

Voting results

The company disclosed the voting results pursuant to Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Out of 23,400,000 total shares, votes were cast on 12,207,400 shares, representing 52.17% of the total shareholding.

All five resolutions passed with overwhelming majority support. The aggregate votes in favor stood at 12,206,400, while only 1,000 votes were cast against, resulting in a 99.99% approval rate across all items. No invalid votes were recorded for any resolution.

Breakdown by shareholder category

The promoter and promoter group, holding 14,352,000 shares, voted via e-voting on 11,626,400 shares (81.01% of their holding). All promoter votes were cast in favor of every resolution.

Public non-institutional shareholders, holding 9,048,000 shares, voted on 581,000 shares (6.42% of their holding). Of these, 580,000 votes were in favor and 1,000 were against.

No institutional investors participated in the voting process for any of the resolutions.

Meeting proceedings

The Chairman confirmed that no observations, qualifications, or modified opinions were issued by the Statutory Auditor or Secretarial Auditors for the financial year ended March 31, 2026. The meeting facilitated remote e-voting through NSDL from September 21 to September 23, 2026, alongside polling papers for attendees present at the venue in Gandhinagar.

Voting results on all resolutions, scrutinized by M/s. Suthar & Surti, Company Secretaries, have been disseminated to the exchange and placed on the company website.

Aashka Hospitals has scheduled its 14th Annual General Meeting for September 24, 2026. The agenda includes the reappointment of Bipinchandra D. Shah as Chairman and Managing Director and proposals to increase borrowing limits to ₹25 crore.

The Board of Directors held its meeting on August 27, 2026, approving the notice for the AGM and confirming that it will not incorporate its proposed subsidiary, Aashka – Rhythm Hospitals Private Limited. This strategic reversal follows an earlier intimation in July regarding the acquisition by way of incorporation.

AGM Details

The meeting will be held at 11:30 am at Between Sargasan and Reliance Cross Road, Sargasan, Gandhinagar. Remote e-voting will be open from September 21 to September 23, 2026. The cut-off date for voting rights is September 17, 2026.

Key Resolutions

Shareholders will vote on several ordinary and special business items:

• Adoption of Financial Statements: Approval of audited financials for FY26, which reported total income of ₹2,527.94 lakh and net profit of ₹333.89 lakh.
• Reappointment of CMD: Bipinchandra D. Shah’s reappointment for three years, effective September 20, 2026, with a basic salary of ₹10 lakh per month plus perquisites up to ₹10 lakh per month.
• Borrowing Limit Increase: Approval to borrow up to ₹25 crore under Section 180(1)(c) of the Companies Act, 2013.
• Investment Authority: Authorization to make investments, loans, or guarantees up to ₹50 crore under Section 186 of the Companies Act, 2013.

Financial Context

For FY26, the company reported a net profit of ₹333.89 lakh, compared to ₹326.61 lakh in FY25. Total income declined slightly to ₹2,527.94 lakh from ₹2,598.54 lakh in the previous year. The company has not declared any equity dividend in the last three fiscal years.