Narayana Hrudayalaya Limited has published a mandatory newspaper advertisement regarding its proposed demerger scheme with NH Integrated Care Private Limited. The company informed stock exchanges on May 02, 2026, about the publication of Form No. NCLT-3A advertisement in compliance with regulatory requirements.

NCLT Petition Details

The scheme involves a demerger arrangement between NH Integrated Care Private Limited (Demerged Company) and Narayana Hrudayalaya Limited (Resulting Company). The joint petition was filed under Sections 230 and 232 of the Companies Act, 2013, seeking approval for the arrangement involving respective shareholders and creditors.

Publication Requirements

Pursuant to the NCLT order dated April 17, 2026, the company published the advertisement on May 02, 2026, in leading newspapers to inform stakeholders about the proposed scheme. The publication serves as a formal notice to all interested parties.

Newspapers Used:

• The Hindu – English Edition
• Udayavani – Kannada Edition

Company Information

The demerger involves two entities with registered offices at Bommasandra Industrial Area, Anekal Taluk, Bengaluru. NH Integrated Care Private Limited (CIN: U85190KA2023PTC170155) serves as the demerged company, while Narayana Hrudayalaya Limited (CIN: L85110KA2000PLC027497) acts as the resulting company.

Stakeholder Process

The advertisement provides details for stakeholders who wish to support or oppose the petition. Interested parties must submit written notices to the petitioner companies' advocate at least two days before the hearing date. Those opposing the petition must include grounds of opposition or affidavit copies with their notice.

Regulatory Compliance

The disclosure was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also made the information available on its website at www.narayanahealth.org for stakeholder reference.

Narayana Hrudayalaya Limited has submitted its initial disclosure as a Large Corporate under the Securities and Exchange Board of India's circular on fund raising by issuance of debt securities. The submission was made on April 23, 2026, to both BSE Limited and National Stock Exchange of India Limited, confirming the company's qualification under the regulatory framework.

Regulatory Compliance Details

The disclosure was made in accordance with Chapter XII of SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/000000137 dated October 15, 2025. The healthcare major confirmed that it qualifies as a Large Corporate under the applicability criteria outlined in the circular. The submission includes comprehensive financial and operational details as mandated by the regulatory framework.

Key Financial Information

The company's financial position and credit standing are detailed in the mandatory disclosure format:

Corporate Governance Framework

The disclosure demonstrates Narayana Hrudayalaya's commitment to regulatory compliance and transparency in its debt financing activities. The company has designated BSE Limited as the stock exchange where any fine shall be paid in case of shortfall in the required borrowing under the framework. This designation ensures clear accountability and compliance monitoring mechanisms.

Credit Rating and Financial Standing

Narayana Hrudayalaya maintains a strong credit profile with an [ICRA]AA (Stable) rating from ICRA Limited, reflecting the company's robust financial position and creditworthiness. The stable outlook indicates consistent operational performance and financial management capabilities. The company's outstanding borrowings of Rs. 1,838.54 crores as on March 31, 2026, position it within the Large Corporate category under SEBI's regulatory framework.

The submission was signed by Sridhar S., Group Company Secretary, Legal & Compliance Officer, ensuring proper authorization and corporate governance protocols were followed in the disclosure process.