Chennai meenakshi multispeciality Hospital Limited has announced the resignation of its Independent Director Mr. Kandheri Munaswamy Mohandass, effective March 14, 2026. The company informed BSE Limited about this development on March 17, 2026, in compliance with regulatory disclosure requirements.

Director Resignation Details

Mr. Kandheri Munaswamy Mohandass (DIN: 00707839) submitted his resignation letter dated March 14, 2026, stepping down from his position as Non-Executive Independent Director with effect from the close of business hours on March 14, 2026. Along with his directorship, he has also resigned from his membership in various committees where he served.

Reason for Resignation

In his resignation letter, Mr. Mohandass cited increasing professional and personal commitments as the primary reason for his decision. He stated that due to these commitments, he finds it difficult to devote the time and attention required to effectively discharge his responsibilities as an Independent Director of the company.

The director has confirmed that there are no other material reasons for his resignation beyond those mentioned in his resignation letter, as required under regulatory guidelines.

Other Directorships and Commitments

According to the disclosure, Mr. Mohandass currently holds directorship in other listed entities:

Regulatory Compliance

The announcement was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided all required details as per SEBI Circular No.CIR/CFD/CMD/4/2015 dated September 9, 2015.

Company Secretary and Compliance Officer M.S. Anantha Lakshmi signed the regulatory filing, ensuring proper documentation and submission to the stock exchange. The resignation letter and detailed annexures were included as part of the comprehensive disclosure to maintain transparency with stakeholders.

Chennai Meenakshi Multispeciality Hospital Limited has submitted a waiver application to BSE Limited seeking full penalty waiver for the delayed appointment of Company Secretary under SEBI LODR Regulations. The company filed the application on 7th March 2026 following reminders from the exchange regarding non-compliance.

Waiver Application Details

The hospital submitted its penalty waiver request with the following specifications:

Company Secretary Appointment

The company has now appointed Mrs M.S. Anantha Lakshmi as Company Secretary & Compliance Officer effective from 9th January 2026. The appointment was communicated to SEBI on the same date, bringing the company into regulatory compliance.

Financial Justification for Waiver

Chennai Meenakshi Multispeciality Hospital cited significant financial difficulties as grounds for the penalty waiver request. According to the company's audited financial statements for the year ended March 31, 2025:

The company argued that paying a heavy penalty would further deplete working capital and adversely affect its ability to sustain operations and protect stakeholder interests.

Recruitment Challenges

The hospital explained that the vacancy arose due to external recruitment challenges rather than negligence. The company had proactively issued public advertisements in "The New Indian Express" on 22nd October 2025 seeking qualified candidates. Despite these efforts, the organization faced difficulty finding suitable applicants willing to join during that period.

Compliance History and Communication

Chennai Meenakshi Multispeciality Hospital emphasized its historical adherence to SEBI regulations and Stock Exchange listing agreements, describing the delay as an isolated incident. The company engaged in detailed discussions with Ms. Reena Raphael, Manager, Listing Compliance at BSE, regarding the waiver application and necessary fee payment.

The hospital requested that BSE exercise leniency considering the documented recruitment efforts and current financial fragility, while assuring continued commitment to regulatory compliance in the future.