Krsnaa Diagnostics has executed a concession agreement with the Government of Punjab to develop and operate PET-CT diagnostic facilities. The deal covers four government hospitals under a public-private partnership model.

The company signed the agreement following a Letter of Award dated August 14, 2026, issued by the Department of Health & Family Welfare, acting through the Punjab Health Systems Corporation (PHSC). This marks Krsnaa Diagnostics' formal entry into the PET-CT segment, an area it had previously avoided.

Deal Structure

The project operates under a Design, Build, Finance, Operate, Maintain and Transfer (DBFOT) format. The concession period spans 15 years. Revenue will be generated on a cash-based model, dependent on the actual number of scans performed and applicable user charges.

Strategic Context

Krsnaa Diagnostics stated that the decision to enter this segment follows a measured approach and growing demand for advanced oncology diagnostics. The company aims to leverage its established capabilities in government healthcare partnerships.

Management noted that the long-term concession framework provides revenue visibility. The deal diversifies the company's portfolio beyond its existing diagnostic services while strengthening its cash portfolio of government PPP partnerships across India.

What the Numbers Show

The absence of a fixed upfront consideration highlights the operational risk and reward structure of the deal. Unlike fixed-price contracts, Krsnaa's revenue is directly tied to patient volume and user charges. This structure aligns the company's earnings potential with the utilization rates of the new facilities over the 15-year term.

Krsnaa Diagnostics has dispatched letters containing weblinks for its FY26 Annual Report to shareholders who do not have registered email addresses. This action precedes the company’s 16th Annual General Meeting scheduled for September 28, 2026.

The move complies with Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Company Secretary, Sujoy Sudipta Bose, confirmed that scrutiny of the shareholder database as on September 5, 2026, identified members without valid email contacts. These shareholders are advised to access the documents via the company’s website.

Voting Schedule and Procedures

Remote e-voting will commence on Friday, September 25, 2026, at 9:00 am and conclude on Sunday, September 27, 2026, at 5:00 pm. Shareholders holding shares in physical or dematerialized form may cast their votes electronically during this window. The voting module will be disabled by NSDL after the deadline.

The Company has fixed Monday, September 21, 2026, as the cut-off date to determine the entitlement of voting rights of members for e-voting. Shareholders who acquire shares after the dispatch of the notice but hold them as on this cut-off date can obtain login credentials by contacting NSDL or the Registrar and Share Transfer Agent, Kfin Technologies Limited.

Corporate Actions and Record Dates

The Register of Members and Share Transfer Books will remain closed from Tuesday, September 22, 2026, to Monday, September 28, 2026, inclusive. This closure is mandated under Section 91 of the Companies Act, 2013, and Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Physical shareholders without registered email IDs must submit their details, including folio numbers and identity proofs, to the RTA via email or through Form ISR-1 available on the company’s investor relations page. Demat holders are advised to update their email addresses with their depository participants.