KIMS Shareholders Approve Qualified Institutions Placement Through Postal Ballot
Krishna Institute of Medical Sciences Limited successfully concluded its postal ballot process with shareholders approving a special resolution for qualified institutions placement with overwhelming support. The remote e-voting process conducted from March 17-April 15, 2026, saw 473 shareholders representing 28,37,02,924 shares participate, with 100.00% votes cast in favour of the fundraising resolution. The scrutinizer's report confirmed the resolution was passed with requisite majority, enabling the healthcare provider to proceed with its institutional placement plans.

*this image is generated using AI for illustrative purposes only.
Krishna Institute of Medical Sciences Limited has successfully completed its postal ballot process, with shareholders providing overwhelming support for the company's fundraising initiative through qualified institutions placement (QIP). The healthcare provider disclosed the voting results to stock exchanges on April 17, 2026, following the conclusion of the remote e-voting process.
Voting Process and Timeline
The postal ballot process was conducted entirely through remote e-voting, with the voting window open from March 17, 2026 at 9:00 AM IST to April 15, 2026 at 5:00 PM IST. The company engaged MUFG Intime India Private Limited (formerly Link Intime India Private Limited) to facilitate the e-voting process for shareholders.
| Parameter: | Details |
|---|---|
| Voting Period: | March 17, 2026 to April 15, 2026 |
| Cut-off Date: | March 13, 2026 |
| Total Shareholders on Record: | 94,813 |
| Participating Shareholders: | 473 |
| Total Shares Voted: | 28,37,02,924 |
Resolution Details and Voting Results
The special resolution pertained to the issuance of equity shares to investors by way of qualified institutions placement for raising funds. The voting results demonstrated strong shareholder confidence in the company's fundraising strategy.
| Voting Outcome: | Votes Cast | Percentage |
|---|---|---|
| Votes in Favour: | 28,36,95,602 | 100.00% |
| Votes Against: | 26 | 0.00% |
| Total Valid Votes: | 28,36,95,628 | 100.00% |
Category-wise Voting Pattern
The voting results showed unanimous support across all shareholder categories. Promoter and promoter group shareholders, holding 136,489,330 shares, cast 110,694,350 votes representing 81.10% of their holdings, with 100% votes in favour. Public institutions demonstrated strong participation with 164,796,564 votes cast from their holding of 188,577,416 shares, achieving 87.39% voting participation with complete support for the resolution.
| Shareholder Category: | Shares Held | Votes Polled | % Participation | % in Favour |
|---|---|---|---|---|
| Promoter Group: | 136,489,330 | 110,694,350 | 81.10% | 100.00% |
| Public Institutions: | 188,577,416 | 164,796,564 | 87.39% | 100.00% |
| Public Non-institutions: | 75,072,189 | 8,204,714 | 10.93% | 99.99% |
Scrutinizer's Validation
Krishna Rao Inturi, proprietor of IKR & Associates and practicing company secretary, served as the scrutinizer for the postal ballot process. His report dated April 16, 2026, confirmed that the special resolution was passed with requisite majority. The scrutinizer noted that 469 members voted in favour of the resolution while only 4 members voted against, with no invalid votes recorded during the process.
Regulatory Compliance and Next Steps
The company has fulfilled its disclosure obligations under Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The voting results have been communicated to both BSE and NSE, and the information has been uploaded on the company's website and the e-voting platform. With the resolution deemed passed on April 15, 2026, the company can now proceed with its qualified institutions placement plans to raise funds for its business operations.
Historical Stock Returns for Krishna Institute of Medical Sciences
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.57% | -1.13% | +6.88% | -6.31% | +1.10% | +238.26% |
What specific business expansion or capital expenditure projects will Krishna Institute target with the QIP fundraising proceeds?
How might the overwhelming shareholder approval impact Krishna Institute's stock price and institutional investor interest in the upcoming QIP?
Will Krishna Institute face increased competition from other healthcare providers also seeking to raise capital through similar institutional placements?


































