Manipal Health Enterprises fully redeemed ₹5,310 crore in non-convertible debentures (NCDs) using proceeds from its initial public offering. The repayment, completed on September 17, 2026, includes principal, accrued interest, and prepayment costs.

NCD redemption details

The company redeemed outstanding listed NCDs issued by its wholly owned subsidiary, Manipal Hospitals Private Limited. This action aligns with the objects of the IPO disclosed in the prospectus dated July 31, 2026.

Balance sheet impact

Chief Financial Officer Sameer Agarwal stated that the redemption strengthens the balance sheet, reduces the interest burden, and creates financial headroom for growth. The move supports the company’s focus on profitable growth and operational efficiency.

Q1 FY27 performance context

The announcement follows strong first-quarter results for FY27:

• Revenue grew 38.1% year-on-year to ₹3,091 crore
• EBITDA rose 26.4% to ₹749 crore
• PAT stood at ₹243 crore
• Adjusted PAT grew 30.9% to ₹332 crore

What the Numbers Show

The simultaneous debt reduction and revenue expansion indicate a shift toward self-funded growth. With ₹5,310 crore in debt removed from the books, future earnings will face lower interest expenses, potentially amplifying the impact of the 38.1% revenue growth seen in Q1 FY27 on net profitability.

Manipal Health Enterprises Limited has scheduled its 16th Annual General Meeting for Tuesday, September 29, 2026. The event will be conducted through Video Conferencing or Other Audio-Visual Means at 11:00 am.

The company disclosed the schedule pursuant to Regulation 34(1) and Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Notice convening the AGM, along with the Annual Report for the financial year 2025-26 and other Statutory Reports, is being sent electronically to members with registered email addresses.

Members whose email addresses are not registered with the Company, Registrar & Share Transfer Agent, or Depository Participants will receive a letter containing the weblink to access the Annual Report, as per Regulation 36(1)(b). The Registrar and Transfer Agent, KFin Technologies Limited, is dispatching these letters.

E-Voting Schedule

Pursuant to Regulation 44 of the Listing Regulations, the company is providing a facility for remote e-voting. The key dates and times for the voting process are as follows:

The Notice and Annual Report for FY26 can be accessed on the company’s website. Sathish K R, Company Secretary and Compliance Officer, signed the intimation on September 4, 2026.