Chennai Meenakshi Multispeciality Hospital Limited has announced the establishment of a special window facility for equity shareholders to transfer and dematerialize their physical securities. The hospital, formerly known as Devaki Hospital Limited, published official newspaper advertisements to inform shareholders about this important facility.

Regulatory Compliance and Documentation

The special window initiative has been implemented in strict accordance with regulatory requirements. The company has fulfilled its obligations under multiple regulatory frameworks to ensure proper disclosure to shareholders.

Publication and Communication Details

The hospital has ensured wide dissemination of information through strategic newspaper publications. The advertisements were strategically placed in both English and regional language publications to reach a broader shareholder base.

Company Information and Contact Details

Chennai Meenakshi Multispeciality Hospital Limited operates as an ISO certified healthcare facility with comprehensive accreditation. The hospital maintains its registered office in Chennai and has established proper corporate governance structures.

Purpose and Shareholder Benefits

The special window facility represents a significant step toward modernizing securities holding and transfer processes. This initiative will enable shareholders to convert their physical share certificates into electronic format, providing enhanced security and convenience. The dematerialization process eliminates the risks associated with physical certificates while facilitating easier trading and transfer of securities.

Shareholders can utilize this special window to complete the transfer and dematerialization procedures in accordance with current regulatory requirements. The hospital has coordinated with BSE Limited's Corporate Relationship Department to ensure smooth implementation of this facility for the benefit of all equity shareholders.

Chennai Meenakshi Multispecialty Hospital Limited has settled a regulatory penalty with SEBI, paying Rs. 93,220 for non-compliance with appointment requirements under the SEBI LODR Regulations 2015. The payment was made on March 23, 2026, addressing violations related to the delayed appointment of a Company Secretary and Compliance Officer.

Regulatory Compliance Issue

The penalty was imposed under Regulation 6(1) of the SEBI (LODR) Regulations, 2015, which mandates timely appointment of key compliance officers. The hospital's violation pertained to the delayed appointment of a Company Secretary and Compliance Officer for the quarter ending December 2025. The company's waiver application for this violation was rejected by SEBI, leading to the mandatory penalty payment.

Payment Details

The hospital completed the penalty payment through electronic transfer, providing detailed remittance information to BSE Limited. The payment was processed without any tax deduction at source.

Request for Shareholding De-freeze

Following the penalty payment, Chennai Meenakshi Multispecialty Hospital Limited has formally requested BSE Limited to de-freeze the promoter's shareholding. The communication was signed by M.S. Anantha Lakshmi, Company Secretary & Compliance Officer, and included the bank payment acknowledgement as supporting documentation.

Company Background

Chennai Meenakshi Multispecialty Hospital Limited, formerly known as Devaki Hospital Limited, operates as an ISO 9001:2008 and ISO 14001:2004 certified hospital. The company is incorporated under CIN L85110TN1990PLC019545 and is headquartered at Luz Church Road, Mylapore, Chennai. The hospital maintains its listing compliance through regular communications with stock exchanges and regulatory authorities.