Chennai Meenakshi Multispeciality Hospital Limited has received a special notice from three significant shareholders, proposing a change in the company's top leadership. The notice, filed under Section 115 of the Companies Act, 2013, requests the appointment of Mrs. Jayanthi Radhakrishnan as the new Managing Director of the company.

Shareholder Proposal

The special notice was submitted by three shareholders who collectively hold a 26.09% stake in the company:

1. Mrs. Jayanthi Radhakrishnan - 25.59% stake (1,911,660 shares)
2. Mr. Akash Prabhakar - 0.50% stake (37,000 shares)
3. Mrs. R. Gomathi - 0.0013% stake (100 shares)

Board Consideration and AGM Inclusion

The company has acknowledged receipt of the special notice and has taken the following steps:

1. The matter has been included in the agenda for the upcoming board meeting scheduled for September 3, 2025.
2. Following board consideration, the proposal for Mrs. Jayanthi Radhakrishnan's appointment as Managing Director will be included in the notice for the Annual General Meeting (AGM).
3. The AGM is scheduled to be held on or before September 30, 2025.

Company's Response

In response to the special notice, Chennai Meenakshi Multispeciality Hospital Limited has informed the shareholders that:

1. The special notice has been included in the agenda for the board meeting on September 3, 2025.
2. After board consideration, the item regarding Mrs. Jayanthi Radhakrishnan's appointment will be included in the AGM notice.
3. The company has officially communicated this information to the BSE Limited under Regulation 30 of SEBI Listing Regulations.

Implications

If approved, this change would mark a significant shift in the company's leadership. The current Chairman and Managing Director, R. Gomathi, has signed the company's response to the special notice, indicating their awareness and involvement in the process.

It's worth noting that according to the LODR data, if appointed, Mrs. Jayanthi Radhakrishnan will not be liable to retire by rotation, as per the terms of the Articles of Association of the Company.

The proposed leadership change comes at a time when the healthcare sector continues to evolve rapidly. Shareholders and market observers will be keenly watching the outcome of the board meeting and subsequent AGM for its potential impact on the company's future direction and strategy.

Chennai Meenakshi Multispeciality Hospital Limited has announced its financial results for the first quarter, showing a turnaround to profitability despite a decrease in revenue.

Financial Highlights

• Net Profit: The hospital reported a net profit of Rs. 0.64 crores, compared to a loss of Rs. 2.50 crores in the same quarter last year.
• Revenue: Total income from operations declined to Rs. 17.30 crores from Rs. 24.00 crores year-over-year.
• Earnings Per Share (EPS): EPS improved to Rs. 0.55 from negative Rs. 0.67 in the previous year.

Key Points

• The results were approved by the Board of Directors and prepared in accordance with Indian Accounting Standards.
• The company has not provided management commentary or forward-looking guidance.

Financial Performance Table

The hospital's ability to turn a profit despite a significant drop in revenue suggests successful cost management and operational efficiency improvements. However, the decline in total income from operations by 27.92% year-over-year indicates challenges in the operating environment or changes in the hospital's service mix.

Investors and stakeholders may look for additional information on the factors contributing to the revenue decline and the strategies implemented to achieve profitability in future communications from the company.

Chennai Meenakshi Multispeciality Hospital Limited, located at New No.70, (Old No. 149), Luz Church Road, Mylapore, Chennai-600004, continues to adapt to the evolving healthcare landscape. The company's return to profitability in a challenging quarter may be seen as a positive sign, but the revenue decline warrants attention in the coming quarters.