Indraprastha medical corporation Limited has announced the completion of tenure of its Independent Director Mr. Vinayak Chatterjee, marking the end of his second five-year term on the Board of Directors. The healthcare company informed stock exchanges about this board change through a formal intimation dated April 1, 2026.

Director Tenure Completion Details

Mr. Vinayak Chatterjee, holding Director Identification Number (DIN) 00008933, completed his second term of five consecutive years as Independent Director on March 31, 2026. The completion of his tenure resulted in his cessation as Director of the Company and as Member/Chairperson of respective Board Committees at the end of March 31, 2026.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. The intimation was sent to both BSE Limited and National Stock Exchange of India Limited, providing comprehensive details as required under the relevant SEBI circulars.

The formal communication was signed by Priya Ranjan, AVP - Corporate Affairs & Legal, who serves as the Company Secretary & Compliance Officer. The disclosure included an annexure with detailed information about the cessation, including the reason for change and date of cessation.

About the Company

Indraprastha Medical Corporation Limited operates as Indraprastha Apollo Hospitals with its registered office located at Sarita Vihar, Delhi-Mathura Road, New Delhi. The company holds Corporate Identity Number L24232DL1988PLC030958 and is accredited by Joint Commission International, reflecting its commitment to healthcare quality standards.

Indraprastha Medical Corporation Limited has successfully concluded its postal ballot voting process, with shareholders approving all four special resolutions related to independent director appointments and re-appointments. The remote e-voting period ended on 20th March, 2026, at 5:00 p.m. (IST), with results announced on 21st March, 2026.

Postal Ballot Overview

The postal ballot process was conducted entirely through remote e-voting, facilitated by National Securities Depository Limited (NSDL). The company had 82,949 shareholders on the record date of 13th February, 2026, with postal ballot notices sent electronically to 74,385 shareholders whose email addresses were registered with the company or depositories.

Director Appointments and Re-appointments

The postal ballot covered four special resolutions, all of which were approved with requisite majority. Three resolutions involved re-appointments of existing independent directors for second terms, while one resolution concerned the appointment of a new independent director.

Resolution Results

Voting Participation Analysis

The voting process demonstrated strong participation across different shareholder categories. Promoter and promoter group shareholders showed unanimous support for all resolutions, voting 21,442,500 shares in favour across all four resolutions with zero opposition votes.

Shareholder Category Breakdown

• Promoter and Promoter Group: Held 46,753,000 shares with 45.86% voting participation
• Public Institutions: Held 2,901,585 shares with 48.03% voting participation
• Public Non-Institutions: Held 42,018,415 shares with 1.30% voting participation

The overall voting participation stood at 25.51% of outstanding shares, with 455 members casting their votes electronically. No invalid votes were recorded during the process.

Regulatory Compliance and Process

The postal ballot was conducted in compliance with Section 108 and 110 of the Companies Act, 2013, and Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014. CS Baldev Singh Kashtwal served as the scrutinizer, ensuring fair and transparent voting process.

The company published advertisements in Financial Express (English) and Jansatta (Hindi) newspapers on 20th February, 2026, as required under regulatory provisions. The voting results and scrutinizer's report have been made available on the company's website and NSDL's e-voting portal.

Board Composition Enhancement

With the approval of these resolutions, the company has strengthened its board composition with experienced independent directors. The re-appointments ensure continuity in governance, while the new appointment of Mr. Harsh Pati Singhania brings additional expertise to the board. All appointments are for five-year terms, with specific commencement dates ranging from February to June 2026.