KK Shah Hospitals Limited held its fourth annual general meeting on Tuesday, August 18, 2026, at its registered office in Ratlam, Madhya Pradesh. The meeting, chaired by Managing Director Amit Shah, concluded at 11:30 am after shareholders approved all ordinary and special business items placed before them.

The primary agenda included the adoption of the company’s audited financial statements for the fiscal year ended March 31, 2026. The statutory auditors issued an unqualified report, noting no qualifications, observations, or comments in their audit report for the period. This clean audit opinion provides assurance on the financial integrity of the company’s reported results for FY26.

Key Resolutions Approved

Shareholders voted to approve three key resolutions during the meeting:

• Adoption of Annual Accounts: The financial statements for the year ended March 31, 2026, were adopted by the members.
• Re-appointment of Director: Ms. Milli Shah (DIN: 09715726), the retiring director, was re-appointed to the board.
• Director Remuneration: Members approved the remuneration of directors exceeding the overall managerial remuneration limit as per Section 197 of the Companies Act, 2013.

Meeting Proceedings and Compliance

Amit Shah confirmed the quorum was present and declared the meeting duly constituted. He highlighted that the notice, explanatory statement, and audited financial statements had been circulated via email to members, statutory auditors, and directors prior to the meeting. Physical copies were also available for inspection at the venue.

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, which amended Rule 20 of the Companies (Management and Administration) Rules, 2014. Consequently, voting was conducted through polling papers or ballot papers for members attending in person. Only members recorded in the Register of Members or Register of Beneficial Owners as on August 11, 2026, were entitled to vote.

What the Numbers Show

The absence of any qualifications in the statutory audit report for FY26 indicates that the company’s financial records complied with applicable accounting standards and legal requirements without material misstatements. This clean bill of health from the auditors supports the reliability of the financial data presented to shareholders for their approval.

The voting results will be announced within two working days of receiving the scrutinizer’s report. The company will intimate the stock exchange and publish the results on its website upon receipt.

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.