Chennai Meenakshi Multispeciality Hospital Limited has submitted a waiver application to BSE Limited seeking full penalty waiver for the delayed appointment of Company Secretary under SEBI LODR Regulations. The company filed the application on 7th March 2026 following reminders from the exchange regarding non-compliance.

Waiver Application Details

The hospital submitted its penalty waiver request with the following specifications:

Company Secretary Appointment

The company has now appointed Mrs M.S. Anantha Lakshmi as Company Secretary & Compliance Officer effective from 9th January 2026. The appointment was communicated to SEBI on the same date, bringing the company into regulatory compliance.

Financial Justification for Waiver

Chennai Meenakshi Multispeciality Hospital cited significant financial difficulties as grounds for the penalty waiver request. According to the company's audited financial statements for the year ended March 31, 2025:

The company argued that paying a heavy penalty would further deplete working capital and adversely affect its ability to sustain operations and protect stakeholder interests.

Recruitment Challenges

The hospital explained that the vacancy arose due to external recruitment challenges rather than negligence. The company had proactively issued public advertisements in "The New Indian Express" on 22nd October 2025 seeking qualified candidates. Despite these efforts, the organization faced difficulty finding suitable applicants willing to join during that period.

Compliance History and Communication

Chennai Meenakshi Multispeciality Hospital emphasized its historical adherence to SEBI regulations and Stock Exchange listing agreements, describing the delay as an isolated incident. The company engaged in detailed discussions with Ms. Reena Raphael, Manager, Listing Compliance at BSE, regarding the waiver application and necessary fee payment.

The hospital requested that BSE exercise leniency considering the documented recruitment efforts and current financial fragility, while assuring continued commitment to regulatory compliance in the future.

Chennai Meenakshi Multispeciality Hospital Limited has released its unaudited financial results for the quarter and nine months ended December 31, 2025, showing a mixed performance with revenue growth but continued losses.

Financial Performance Overview

The hospital reported total income from operations of ₹937.96 lakhs for the third quarter of FY26, representing an increase from ₹909.31 lakhs in the corresponding quarter of the previous year. However, this was lower than the previous quarter's performance of ₹980.85 lakhs.

Nine-Month Performance

For the nine-month period ended December 31, 2025, Chennai Meenakshi Multispeciality Hospital Limited demonstrated improved performance compared to the previous year. Total income from operations reached ₹2810.70 lakhs, up from ₹2608.10 lakhs in the corresponding nine-month period of the previous year.

Earnings Per Share and Capital Structure

The company's equity share capital remained stable at ₹746.89 lakhs with a face value of ₹10 per share. The basic and diluted earnings per share for Q3 FY26 stood at negative ₹0.72, compared to negative ₹0.84 in the corresponding quarter of the previous year.

Corporate Governance and Compliance

The financial results were reviewed and recommended by the Audit Committee and subsequently approved by the Board of Directors at their meeting held on February 11, 2026. The results have been published in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The complete financial results along with the Limited Review Report are available on the stock exchange website ( www.bseindia.com ) and the company's website ( www.cmmh.in ). The hospital, formerly known as Devaki Hospital Limited, operates from its registered office at Luz Church Road, Mylapore, Chennai, and maintains ISO 9001:2008 and ISO 14001:2004 certifications.