Apollo revises subsidiary turnover, networth figures

0 min read     Updated on 21 May 2026, 01:36 AM
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Apollo Hospitals Enterprise Limited revised the financial disclosures for its subsidiaries, Apollo Health and Lifestyle Limited (ASHPL) and Apollo Fertility Clinics Private Limited (AFCPL). The update, dated May 20, 2026, details a turnover of INR 351.53 Cr and negative networth of INR 153.84 Cr for ASHPL, alongside a turnover of INR 100.05 Cr and negative networth of INR 38.33 Cr for AFCPL.

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Apollo Hospitals Enterprise Limited announced an update regarding the financial figures of its subsidiaries, Apollo Health and Lifestyle Limited (ASHPL) and Apollo Fertility Clinics Private Limited (AFCPL). The company communicated the revised turnover and networth data for these entities to the stock exchanges on May 20, 2026.

Revised Financial Figures

The disclosure provides updated financial metrics for ASHPL and AFCPL. The figures for turnover, representing revenue from operations, and networth are detailed below. The networth for both entities is negative as per the revised data.

Particulars ASHPL (INR in Cr) AFCPL (INR in Cr)
Turnover (Revenue from Operations) 351.53 100.05
Networth (153.84) (38.33)

The communication was signed by S.M. Krishnan, Senior Vice President – Finance and Company Secretary of Apollo Hospitals Enterprise Limited. The revised figures supersede the previously disclosed numbers for the specified subsidiaries.

Historical Stock Returns for Apollo Hospitals

1 Day5 Days1 Month6 Months1 Year5 Years
+0.65%+3.00%+7.99%+13.14%+19.74%+157.49%

What strategic measures is Apollo Hospitals planning to address the negative networth of ASHPL and AFCPL, and what is the timeline for achieving financial turnaround?

Could the persistent negative networth of these subsidiaries trigger any debt covenant violations or impact Apollo Hospitals' consolidated credit ratings?

Is Apollo Hospitals considering merging, divesting, or restructuring ASHPL or AFCPL to improve the overall financial health of the group?

Apollo Hospitals Receives NCLT Order for Composite Scheme of Arrangement Involving Four Entities

2 min read     Updated on 09 May 2026, 04:46 AM
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Apollo Hospitals Enterprise Limited received the certified true copy of an NCLT, Chennai order dated May 5, 2026, pertaining to a composite scheme of arrangement involving Apollo Healthco Limited, Keimed Private Limited, and Apollo Healthtech Limited. The Tribunal rescheduled stakeholder meetings originally set for May 2026 to June 2026 across five categories, while declining requests to revise the quorum established under its earlier March 26, 2026 order.

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Apollo Hospitals Enterprise Limited has received the certified true copy of an order dated May 5, 2026, passed by the Hon'ble National Company Law Tribunal (NCLT), Division Bench – II, Chennai. The order, uploaded on the Tribunal's website on May 7, 2026, was received by the company on May 8, 2026, and has been disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Background of the Composite Scheme

The disclosure is in continuation of the company's earlier intimation dated April 27, 2026, regarding a proposed composite scheme of arrangement. The scheme involves Apollo Hospitals Enterprise Limited as the primary company, Apollo Healthco Limited as Transferor Company 1, Keimed Private Limited as Transferor Company 2, and Apollo Healthtech Limited as the Resultant Company, along with their respective shareholders and creditors. The scheme has been filed under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013, read with the rules made thereunder, vide petition number C.A.(CAA)/8(CHE)2026.

NCLT Order: Rescheduling of Stakeholder Meetings

The NCLT order addressed three interlocutory applications — IA(COMPANIES.ACT)/120(CHE)2026, IA(COMPANIES.ACT)/129(CHE)2026, and IA(COMPANIES.ACT)/119(CHE)2026 — each filed by the applicants seeking modification of the dates for convening stakeholder meetings. The Tribunal, considering the submissions made by Senior Counsel Mr. P.H. Aravindh Pandian and counsels from Shardul Amarchand Mangaldas & Co., allowed all three applications and rescheduled the meetings accordingly.

The revised meeting schedule, as approved by the Tribunal, is as follows:

Stakeholder: Old Date & Time New Date & Time
Secured Creditors 27/05/2026 @ 10:00 AM 24/06/2026 @ 10:00 AM
Unsecured Creditors (Application 120) 27/05/2026 @ 11:00 AM 24/06/2026 @ 11:00 AM
Equity Shareholders 27/05/2026 @ 2:30 PM 24/06/2026 @ 2:30 PM
Unsecured Creditors (Application 129) 26/05/2026 @ 3:00 PM 23/06/2026 @ 3:00 PM
Unsecured Creditors (Application 119) 26/05/2026 @ 10:00 AM 25/06/2026 @ 2:00 PM

Quorum Remains Unchanged

While the applicants also sought a revision to the quorum for the meetings, the Tribunal declined this request. The NCLT noted that the quorum for all meetings was set vide its earlier order dated March 26, 2026, and that this quorum remains intact and cannot be changed. All three applications were allowed and disposed of on these terms.

Authorised Signatory

The disclosure was signed by SM Krishnan, Sr. Vice President – Finance and Company Secretary of Apollo Hospitals Enterprise Limited, on May 8, 2026. The certified true copy of the order was issued by the Joint Registrar of the NCLT Chennai Bench on May 8, 2026, following an application made on May 7, 2026.

Historical Stock Returns for Apollo Hospitals

1 Day5 Days1 Month6 Months1 Year5 Years
+0.65%+3.00%+7.99%+13.14%+19.74%+157.49%

How might the merger of Apollo Healthco and Keimed Private Limited into Apollo Healthtech reshape the competitive landscape of India's pharmaceutical distribution and healthcare supply chain sector?

What are the potential synergies and financial benefits Apollo Hospitals expects to unlock through this composite scheme, and how could it impact the company's revenue and margins post-merger?

Given that the NCLT declined to revise the quorum requirements, what risks does Apollo Hospitals face if stakeholder participation falls short during the rescheduled June 2026 meetings?

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1 Year Returns:+19.74%