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.

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.