Lotus Eye Hospital has scheduled its 29th Annual General Meeting for September 23, 2026, to approve a significant increase in the Managing Director’s remuneration and the reappointment of a retiring director. The meeting will be conducted via video conferencing.

Shareholders will consider an ordinary resolution to raise Ms. Sangeetha Sundaramoorthy’s monthly salary from ₹3,50,000 to ₹6,00,000, effective August 10, 2026. This revision applies to her remaining tenure until August 14, 2028. The Board cited her contribution to growth and expansion plans as justification for the hike.

Governance Changes

The agenda also includes the reappointment of Dr. Kavetha Sundaramoorthy, who retires by rotation. Additionally, shareholders must pass a special resolution to continue paying Dr. Kuttapalayam Songappan Ramalingam a monthly remuneration of ₹1,00,000 for FY27. This approval is required under SEBI LODR regulations because his annual pay exceeds 50% of the total remuneration for all non-executive directors.

Financial Context

The company reported a turnover of ₹5,489.03 lakh and a profit after tax of ₹8.04 lakh for FY26. Revenue from operations grew 8.4% year-on-year to ₹5,371.41 lakh from ₹4,956.25 lakh in FY25. However, net profit declined sharply from ₹73.93 lakh in the previous year due to initial costs associated with new center investments, including a facility in Gobichettipalayam. Management expects these investments to improve margins in the long run.

What the Numbers Show

The proposed remuneration revision represents a 71% increase in the Managing Director’s monthly fixed emoluments. With the company reporting a PAT of just ₹8.04 lakh against a turnover of ₹5,489.03 lakh in FY26, the annualized cost of this hike (₹30 lakh per year) is substantial relative to current profitability levels. Furthermore, the company’s total borrowings increased significantly to ₹1,142.97 lakh from nil in the prior year, reflecting debt-funded expansion.

Voting Details

Remote e-voting will be available from September 20 to September 22, 2026. The record date for determining voting eligibility is September 16, 2026. Shareholders holding shares as on this date may cast votes electronically through CDSL.

Lotus Eye Hospital and Institute Limited inaugurated Lotus Optique, its new optical retail initiative, at the SITRA campus in Coimbatore on August 27, 2026. The launch marks a strategic expansion into the eyewear segment, integrating clinical expertise with consumer retail under one roof.

The event was attended by senior management, including Managing Director Ms. Sangeetha Sundaramoorthy and Director Dr. K.S. Ramalingam. Dr. A.K. Ravikumar, President-Elect of the Tamil Nadu State IMA, served as the Chief Guest, while Dr. S. Karthick Prabhu, Secretary of the Tamil Nadu State IMA, was the Guest of Honour.

Integrating Care and Retail

Lotus Optique aims to bridge the gap between professional eye care and quality eyewear. Located at the company’s facility on Avinashi Road, Civil Aerodrome Post, the store offers a curated selection of branded frames. It leverages the institution’s clinical environment to provide customers with trusted vision solutions alongside fashion-forward choices.

Technology and Fit

The store is equipped with advanced fitting technology to enhance customer experience. Key features include:

• ZEISS VISUFIT 1000: A 3D facial scanning system designed to assist in frame selection and ensure precise fitting.
• Clinical Backing: Access to the company’s established eye care infrastructure and medical expertise.

Management Perspective

Ms. Sundaramoorthy emphasized that the initiative extends the company’s responsibility beyond treating eye conditions to improving overall visual experience. She described Lotus Optique as a natural extension of the brand’s philosophy, aiming to create a space where customers can discover quality eyewear with the reassurance of a trusted institution.

Dr. Ramalingam noted that the move complements the company’s decades-long focus on technology-driven eye care. He stated that the goal is to offer a combination of choice, quality, and trust, positioning Lotus Optique as a convenient destination for families seeking reliable eyewear backed by institutional expertise.