KK Shah Hospitals Limited has declared the voting results for its fourth annual general meeting (AGM) held on Tuesday, August 18, 2026, at its registered office in Ratlam, Madhya Pradesh. The company confirmed that all three resolutions placed before shareholders were duly passed with the requisite majority.

The AGM, chaired by Managing Director Amit Shah, concluded at 11:30 am after members approved the adoption of audited financial statements for FY26, the re-appointment of retiring director Milli Shah, and the remuneration of directors exceeding the statutory limit under Section 197 of the Companies Act, 2013.

Voting Results and Participation

A total of 4,792,542 votes were polled out of 6,808,542 outstanding shares as on the record date of August 11, 2026, representing a participation rate of 70.39%. There were no invalid votes recorded across all categories.

The promoter group held 4,858,542 shares and cast 4,777,542 votes in favour of all resolutions, accounting for 99.69% of the total votes polled. Public non-institutional shareholders, holding 1,950,000 shares, cast 15,000 votes, all in favour. No public institutional shareholders participated in the voting.

Resolution Details

All resolutions received 100% support from the votes polled:

• Adoption of Annual Accounts: The financial statements for the year ended March 31, 2026, were adopted. The statutory auditors had issued an unqualified report with no qualifications or observations.
• Re-appointment of Director: Ms. Milli Shah (DIN: 09715726) was re-appointed to the board following her retirement by rotation.
• Director Remuneration: Members approved the remuneration of directors exceeding the overall managerial remuneration limit as per Section 197 of the Companies Act, 2013.

As the company is listed on the BSE SME Platform, it is exempt from e-voting requirements under the MCA Notification dated March 19, 2015. Consequently, voting was conducted exclusively through physical ballot papers for members attending in person. Dilip Swarnkar & Associates served as the scrutinizer for the meeting.

What the Numbers Show

The near-unanimous support for all resolutions highlights strong alignment between the promoter group and participating public shareholders. With promoters holding approximately 71% of the total share capital and casting 98.33% of their shares, their vote was decisive in passing the special resolution regarding director remuneration. The absence of any dissenting votes or invalid ballots indicates a smooth procedural execution of the AGM.

kk shah hospitals reported a widening net loss of ₹62.27 lakh for FY26, up from ₹32.72 lakh in FY25, as total expenses outpaced revenue growth. While income from operations rose 4.8% to ₹942.76 lakh, total expenses increased to ₹1,034.55 lakh from ₹988.04 lakh. The divergence between top-line growth and bottom-line deterioration signals margin pressure amid significant capital investments in infrastructure and technology.

The company’s fourth annual general meeting is scheduled for August 18, 2026, at its registered office in Ratlam, Madhya Pradesh. Ordinary business includes the adoption of audited financial statements and the re-appointment of Dr. Milli Shah, who retires by rotation. A special resolution seeks shareholder approval for director remuneration exceeding the overall managerial limit of 11% of net profits under Section 197 of the Companies Act, 2013.

Financial Performance

Revenue from operations grew to ₹942.76 lakh from ₹899.86 lakh in FY25. However, other income declined sharply to ₹18.94 lakh from ₹55.54 lakh, reducing total revenue growth to just 0.7%. Total expenses rose by ₹46.51 lakh year-on-year, primarily due to higher employee benefit expenses (₹268.95 lakh vs ₹254.23 lakh) and depreciation charges (₹168.37 lakh vs ₹101.27 lakh). Profit before tax stood at a loss of ₹72.84 lakh, compared to ₹32.64 lakh in the prior year.

Strategic Investments and Operations

Management highlighted several infrastructure upgrades aimed at long-term growth. The company commissioned a new 65-bed hospital facility in Thandla and installed advanced diagnostic equipment, including a CT Scan machine and a Siemens Magnetom Essenza 1.5T MRI Scanner. Additionally, robotic technology was introduced to enhance surgical precision. These capital expenditures contributed to the higher depreciation charge and capital work-in-progress of ₹622.44 lakh as of March 31, 2026.

What the Numbers Show

The operating profit margin improved significantly to 8.12% from 1.45% in FY25, indicating better core operational efficiency. However, this gain was offset by a sharp decline in other income, which fell by ₹36.6 lakh. The net profit margin deteriorated to -6.61% from -3.64%, reflecting the impact of higher fixed costs and depreciation relative to revenue. Trade receivables turnover ratio doubled to 32.22 times from 15.33 times, suggesting faster collection cycles or a change in credit terms.

Governance and Compliance

M/s A Y & Company served as statutory auditors, issuing an unqualified report. M/s Dilip Swarnkar & Associates conducted the secretarial audit, noting no material non-compliances. The board recommended the special resolution for director remuneration, citing the need to retain key management personnel. Interested directors, including Amit Shah, Kirti Kumar Shah, Hansa Shah, and Milli Shah, will abstain from voting on this resolution.