News Corporate Actions KIMS Shareholders Approve Material Related Party Transaction with Subsidiary Through Postal BallotKIMS Shareholders Approve Material Related Party Transaction with Subsidiary Through Postal Ballot
Krishna Institute of Medical Sciences Limited successfully concluded its postal ballot on February 01, 2026, with shareholders approving a material related party transaction with subsidiary KIMS Hospital Bengaluru Private Limited by 93.18% majority. The e-voting process saw participation from 499 shareholders representing 31,85,61,832 shares, with Krishna Rao Inturi of IKR & Associates serving as scrutinizer. The resolution received unanimous support from promoters and strong backing from public shareholders, demonstrating confidence in the proposed transaction.
*this image is generated using AI for illustrative purposes only.
Krishna Institute of Medical Sciences Limited has announced the successful completion of its postal ballot process, with shareholders overwhelmingly approving a material related party transaction with its subsidiary company. The voting concluded on February 01, 2026, marking a significant milestone in the company's corporate governance processes.
Voting Results and Participation
The postal ballot witnessed strong shareholder participation, with detailed voting statistics reflecting broad-based support for the proposed resolution.
| Participation Metrics | Details |
|---|---|
| Total Shareholders Voted | 499 |
| Total Shares Represented | 31,85,61,832 |
| Voting Period | January 03, 2026 to February 01, 2026 |
| Cut-off Date | December 30, 2025 |
Resolution Details and Approval
The single ordinary resolution on the agenda concerned the approval of a material related party transaction with KIMS Hospital Bengaluru Private Limited, a subsidiary company. The voting results demonstrated overwhelming shareholder support across all categories.
Voting Breakdown by Category
| Category | Shares Held | Votes Polled | % Polled | Votes in Favor | Votes Against | % in Favor |
|---|---|---|---|---|---|---|
| Promoter and Promoter Group | 136489330 | 110694350 | 81.10% | 110694350 | 0 | 100.00% |
| Public Institutions | 188228253 | 170422524 | 90.54% | 148685944 | 21736580 | 87.25% |
| Public Non-Institutions | 75421352 | 37437477 | 49.64% | 37436493 | 984 | 99.99% |
| Total | 400138935 | 318554351 | 79.61% | 296816787 | 21737564 | 93.18% |
Scrutinizer's Oversight and Process
Krishna Rao Inturi, Proprietor of IKR & Associates and Practicing Company Secretary, served as the appointed scrutinizer for the postal ballot process. The scrutinizer was appointed by the board of directors through a resolution passed on December 29, 2025, ensuring independent oversight of the voting process.
The e-voting facility was provided by MUFG Intime India Private Limited, with the platform remaining accessible from January 03, 2026, 09:00 AM to February 01, 2026, 05:00 PM. The votes were unblocked on February 02, 2026, in the presence of two independent witnesses who were not employed by the company.
Regulatory Compliance and Documentation
The postal ballot process was conducted in strict accordance with:
- Sections 108 and 110 of the Companies Act, 2013
- Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014
- Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
The voting results and scrutinizer's report have been disclosed to both BSE and NSE, with the company maintaining transparency through uploads on its website www.kimshospitals.com and the e-voting platform. The resolution is deemed to have been passed on February 01, 2026, the last date of e-voting, with the requisite majority achieved as confirmed by the scrutinizer's report dated February 03, 2026.
Historical Stock Returns for Krishna Institute of Medical Sciences
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.60% | +4.40% | +16.28% | -5.41% | +32.37% | +259.82% |
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