Broach Lifecare expands PMJAY services, secures ONGC empanelment

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Ashish TScanX News Team
Key Highlights
  • Added Cardiothoracic Surgery, Urology, and a 5-bed Dialysis Unit to PMJAY services
  • Secured empanelment with ONGC for cashless healthcare services
  • Empaneled with ESIC to serve beneficiaries in Ankleshwar, Dahej, and Jhagadia GIDC
  • Completed Full NABH Accreditation Inspection, awaiting final certification
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Broach Lifecare Hospital Limited expanded its Pradhan Mantri Jan Arogya Yojana (PMJAY) service capabilities by adding specialized surgical units and securing key government empanelments in Gujarat.

The hospital introduced Cardiothoracic Surgery, Urology, and a 5-bed Dialysis Unit to its existing portfolio, which already includes Interventional Cardiology. This expansion aims to enhance the availability of specialized treatments for PMJAY beneficiaries in the Bharuch region.

Institutional Empanelments

The company reported significant progress in its institutional healthcare strategy through new partnerships with public sector undertakings and social security bodies.

  • ONGC Empanelment: The hospital received its Income Tax Exemption Certificate under Form 17/2 and has been empaneled with Oil and Natural Gas Corporation (ONGC) to provide cashless healthcare services to eligible employees and beneficiaries.
  • ESIC Empanelment: Broach Lifecare has been empaneled with the Employees' State Insurance Corporation (ESIC). This move provides access to a large employee base in major industrial hubs such as Ankleshwar, Dahej, and Jhagadia GIDC.
  • Pending PSU Partnerships: Empanelment processes with other Government PSUs, including Gujarat Alkalies and Chemicals Limited (GACL) and Gujarat Narmada Valley Fertilizers & Chemicals (GNFC), are currently underway.

Quality Accreditation Status

The hospital has completed the Full NABH Accreditation Inspection. It is currently awaiting the decision from the Accreditation Committee and the formal certification outcome. Completion of this inspection marks a milestone in the hospital's commitment to quality healthcare, patient safety, and clinical governance.

Strategic Footprint in Bharuch

The combination of expanded clinical services and institutional tie-ins strengthens the hospital's position as a multispecialty provider. By targeting both PMJAY beneficiaries and industrial workforce populations via ESIC and PSU links, the facility diversifies its revenue streams within the local healthcare ecosystem.

Historical Stock Returns for Broach Lifecare Hospital

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%0.0%0.0%0.0%0.0%-71.93%

How will the pending NABH accreditation decision impact Broach Lifecare's eligibility for higher reimbursement rates under government schemes?

What is the projected revenue contribution from the newly empaneled ESIC and ONGC employee bases compared to existing PMJAY volumes?

How might the addition of cardiothoracic and urology units affect competitive dynamics with other private hospitals in the Bharuch-Ankleshwar industrial belt?

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Broach Lifecare passes all resolutions at 3rd AGM held on Sep 30

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Reviewed by
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Key Highlights
  • All three resolutions passed at Broach Lifecare Hospital's 3rd AGM
  • Re-appointment of MD Jaykumar Narendra Vyas approved with 99.28% support
  • Rahul S. Mithaiwala & Co. appointed as Secretarial Auditor for 5 years
  • Public shareholders cast 30,000 votes against director re-appointment
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Broach Lifecare Hospital Limited has declared the voting results of its 3rd Annual General Meeting (AGM) held on September 30, 2026. All three ordinary resolutions proposed at the meeting were passed by the shareholders.

The meeting was conducted through Video Conferencing and Other Audio-Visual Means. The disclosures were made to BSE Limited in compliance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Voting details and attendance

The record date for the AGM was September 23, 2026, with 171 shareholders on the register. Voting was conducted via remote e-voting between September 27 and September 29, 2026. During the meeting, five promoter group members and three public shareholders attended through video conferencing.

Rahul S. Mithaiwala & Co., acting as the scrutinizer, submitted the consolidated report on October 1, 2026. The company subsequently filed the results with BSE on October 2, 2026.

Resolutions passed

The shareholders approved the adoption of audited standalone financial statements for the financial year ended March 31, 2026. The resolution received 100% votes in favour from those polled.

The re-appointment of Jaykumar Narendra Vyas as Managing Director, who retired by rotation, was also approved. While promoters voted unanimously in favour, public non-institutional shareholders cast 30,000 votes against the re-appointment, resulting in 99.28% support overall.

The appointment of Rahul S. Mithaiwala & Co. as Secretarial Auditor for a five-year term was ratified with 100% votes in favour.

Summary of voting results

Resolution Description Votes In Favour (%) Votes Against (%) Result
1 Adoption of Audited Standalone Financial Statements 100.00 0.00 Passed
2 Re-appointment of Director retiring by rotation 99.28 0.72 Passed
3 Appointment of Secretarial Auditor 100.00 0.00 Passed

Firm profile

Rahul S. Mithaiwala & Co. is based in Surat and holds Certificate of Practice number 11556 with Peer Review No. 1910/2022. The firm provides services in Corporate Laws, Corporate Governance, FEMA, Startup Advisory, Income Tax, GST Advisory, and Statutory Compliances. The appointment term extends from FY27 to FY31.

Historical Stock Returns for Broach Lifecare Hospital

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%0.0%0.0%0.0%0.0%-71.93%

How will the re-appointment of Jaykumar Narendra Vyas influence Broach Lifecare's strategic expansion plans for the upcoming fiscal year?

What impact might the 0.72% dissenting votes from public shareholders have on the company's future corporate governance reforms?

How does the appointment of Rahul S. Mithaiwala & Co. for a five-year term align with the hospital's long-term compliance and regulatory strategy?

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