Dolphin Medical Services Limited has obtained regulatory approval to extend the deadline for holding its Annual General Meeting (AGM) for FY26. The Registrar of Companies (ROC) Hyderabad granted a two-month extension, allowing the company to convene the meeting on or before November 30, 2026.

Regulatory Approval Details

The ROC Hyderabad issued the approval letter dated August 31, 2026, under Section 96(1) of the Companies Act, 2013. The original statutory deadline for the AGM was September 30, 2026. The company applied for this extension via Service Request Number (SRN) AC5243512 on August 11, 2026.

The order, signed by Assistant Registrar Satya Singh, notes that the extension is granted considering the circumstances preventing the timely holding of the meeting. The regulator advised the company to ensure careful compliance with the Companies Act provisions in the future.

Next Steps

Dolphin Medical will intimitate the specific date of the AGM in due course. The meeting will cover the financial year ended March 31, 2026. No financial results or operational metrics were disclosed in this filing.

Mr. Amarandhar Reddy Kotha and Mr. Mallour Rajesh Kumar have completed their acquisition of a 21.08% stake in Dolphin Medical Services Limited. The acquisition was primarily driven by a Share Purchase Agreement (SPA) rather than the mandated open offer, which saw minimal public participation.

The open offer to acquire 39,25,988 equity shares at ₹4.80 per share received only 18,000 tenders. This represents just 0.12% of the company's equity capital, significantly below the proposed 26% target. The total consideration for the accepted shares amounted to ₹86,400, compared to the proposed offer size of ₹1,88,44,743.

Acquisition Breakdown

The acquirers held a negligible 0.01% stake before the public announcement. The final stake accumulation is detailed below:

What the Numbers Show

The divergence between the proposed and actual open offer figures highlights that the change in control was pre-negotiated through the SPA. While the open offer was legally required to acquire 26% of the equity, the acquirers secured over 99% of their new stake through the private agreement. The public shareholders' holding remained largely unchanged, dropping marginally from 73.56% to 73.43% post-offer.

Post-Offer Shareholding Pattern

Following the transaction, the promoter group (including existing promoters) holds 26.57% of the equity. The public continues to hold the majority stake at 73.43%.

Rarever Financial Advisors Private Limited acted as the Manager to the Offer, while Integrated Registry Management Services Private Limited served as the Registrar. The payment for accepted shares was completed on August 21, 2026.