Artemis Medicare Services seeks approval to raise ₹700 crore
Artemis Medicare Services has published a postal ballot notice to seek shareholder approval for raising up to ₹700 crore through equity shares and other securities. The funds will support growth and working capital. Remote e-voting is open from June 19 to July 18, 2026, with results expected by July 20.
*this image is generated using AI for illustrative purposes only.
Artemis Medicare Services has published the postal ballot notice in newspapers on June 19, 2026, seeking shareholder approval to raise funds aggregating up to ₹700 crore. The company proposes to raise these funds through the issuance of fully paid-up equity shares and other eligible securities, including convertible or non-convertible debentures, in one or more tranches. The proceeds are intended to augment long-term cash resources, fund organic or inorganic growth, and meet working capital requirements.
The Board of Directors approved the proposal at its meeting held on February 2, 2026. The special resolution seeks authorization to issue securities via preferential issue, private placement, or qualified institutions placement (QIP) to eligible investors. The issuance may include a discount of up to 5% on the floor price calculated as per SEBI regulations.
Postal Ballot and E-Voting Schedule
The company has engaged National Securities Depository Limited (NSDL) to facilitate the remote e-voting process. The voting period is open to members whose names appear in the Register of Members as on the cut-off date of Friday, June 12, 2026.
| Event | Date and Time (IST) |
|---|---|
| Commencement of e-Voting | Friday, June 19, 2026 at 9:00 A.M. |
| End of e-Voting | Saturday, July 18, 2026 at 5:00 P.M. |
| Announcement of Result | On or before Monday, July 20, 2026 at 5:00 P.M. |
Resolution Details
The resolution authorizes the Board to determine the specific terms of the issue, including the timing, price, and investor categories. In the event of a QIP, the allotment must be completed within 365 days from the date of passing the special resolution. The securities issued will rank pari-passu with existing equity shares.
Mr. Ankit Tiwari, Proprietor of Ankit Tiwari & Co., has been appointed as the Scrutinizer to ensure the voting process is conducted fairly. The results will be announced at the Registered Office and subsequently communicated to the stock exchanges.
Historical Stock Returns for Artemis Medicare Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.48% | -0.55% | +2.23% | -2.98% | +4.44% | +615.45% |
What specific acquisition targets or inorganic growth opportunities is Artemis Medicare currently evaluating?
How will the dilution of existing equity shares impact earnings per share once the new securities are issued?
What is the company's current debt-to-equity ratio, and how will the issuance of convertible or non-convertible debentures alter this leverage?
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