Artemis Medicare Services Limited will seek shareholder approval to raise funds up to Rs 700 crores through a postal ballot process. The company's board is scheduled to meet on June 4, 2026, to consider and approve the notice for this postal ballot. The fundraising initiative aims to secure capital through one or more tranches via permissible modes, subject to necessary regulatory approvals.

The proposal to raise funds was initially approved by the board during its meeting held on February 2, 2026. The company had disclosed this development to the stock exchanges on the same day. The upcoming meeting on June 4, 2026, will focus on the procedural steps required to facilitate the postal ballot, allowing members to vote on the capital raising plan.

Key Details of the Fundraising Proposal

The postal ballot mechanism is being utilized to secure the consent of the company's members for this significant financial decision. This method allows shareholders who cannot attend a general meeting in person to participate in the voting process. The company must ensure that all procedural requirements under the SEBI Listing Regulations are met before proceeding with the ballot.

Artemis Medicare Services Limited has stated that the funds will be raised subject to the receipt of necessary approvals, indicating that the final execution depends on regulatory clearances and shareholder consent. The company secretary, Poonam Makkar, signed the intimation sent to the exchanges on June 1, 2026.

Artemis Medicare Services held its Board of Directors meeting on May 8, 2026, approving the audited financial results for the quarter and year ended March 31, 2026. The board recommended a final dividend of Re. 0.45 per equity share of face value Re. 1 each for FY26, subject to shareholder approval. Additionally, the board appointed Mr. Tapan Mitra as an Additional Director in the capacity of Independent Director for a period of 3 years, effective from May 8, 2026. Subsequently, the company conducted an earnings conference call on May 11, 2026, to discuss the operational and financial performance.

Consolidated Financial Performance

On a consolidated basis, the group reported revenue from operations of ₹27,922.64 lacs for Q4 FY26, up 16.4% from ₹23,990.01 lacs in Q4 FY25. Consolidated net profit after tax for the quarter stood at ₹3,028.10 lacs, a growth of 32.1% against ₹2,292.39 lacs in the previous year. For the full year FY26, consolidated revenue from operations rose 15.4% to ₹1,08,124.24 lacs from ₹93,691.67 lacs in FY25. Consolidated net profit after tax for the year stood at ₹10,371.52 lacs, a growth of 26.2% against ₹8,217.62 lacs in the previous year, while consolidated EBITDA grew 18.0% to ₹21,801 lacs from ₹18,478 lacs.

* Not annualised

Operational Highlights and Expansion

The flagship Artemis Hospital Gurgaon facility reported an Average Revenue Per Occupied Bed (ARPOB) of ₹84,571 and bed capacity utilization of 64.6% for Q4 FY26. Management highlighted that international patient volumes grew by 26.9% during the year despite geopolitical challenges, with the company aiming to maintain international revenue at 30% to 31% of total revenue.

Regarding expansion, the 300-bed super specialty hospital in Raipur is on track to commence operations in Q1 of FY27. The company expects the facility to incur losses of INR 18 crores to INR 20 crores in the first 18 months before breaking even. The project capex is estimated between INR 110 crores to INR 120 crores. Additionally, the company is advancing plans for a 650-bed facility in South Delhi, expected to be commissioned in FY29, with a projected capex of INR 500 crores. The board has also approved a fundraising initiative of up to INR 700 crores to support these expansion efforts.

Corporate Actions

The board approved the re-appointment of M/s. T R Chadha & Co LLP as Statutory Auditors for a second term of 5 years, subject to AGM approval. The company also entered into a Medical Services Agreement with Dr. Vidya Sagar Kaushalya Devi Memorial Health Centre (VIMHANS), paying an advance of ₹6,962 lacs during the quarter ended March 31, 2026.