Fortis Healthcare Issues Postal Ballot Notice for Director Appointment Approval
Fortis Healthcare has issued a comprehensive postal ballot notice seeking shareholder approval for the appointment of Mr. Mohd Shahazwan Bin Mohd Harris as Non-Independent Non-Executive Director. The 54-year-old nominee brings over 25 years of experience in investments and corporate strategy, currently serving as Advisor at UEM Group. The e-voting process runs from December 24, 2025 to January 22, 2026, with multiple access methods available through KFintech platform.
*this image is generated using AI for illustrative purposes only.
Fortis Healthcare Limited has issued a comprehensive postal ballot notice to shareholders seeking approval for the appointment of Mr. Mohd Shahazwan Bin Mohd Harris as Non-Independent Non-Executive Director. The healthcare company communicated these developments to stock exchanges under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015 on December 23, 2025.
Director Appointment and Board Changes
The Board of Directors approved the appointment of Mr. Mohd Shahazwan Bin Mohd Harris as Additional Director (Non-Executive Non-Independent) through a circular resolution passed on December 19, 2025. This appointment follows the resignation of Mr. Lim Tsin Lin from his position as Non-Executive Non-Independent Director, effective from the close of business hours on December 19, 2025.
| Parameter: | New Director | Outgoing Director |
|---|---|---|
| Name: | Mr. Mohd Shahazwan Bin Mohd Harris | Mr. Lim Tsin Lin |
| DIN: | 08465456 | 10118906 |
| Position: | Additional Director (Non-Executive Non-Independent) | Non-Executive Non-Independent Director |
| Effective Date: | December 19, 2025 (09:01 AM IST) | December 19, 2025 (01:23 PM IST) |
| Reason: | Board recommendation | Other commitments and responsibilities |
Postal Ballot Notice and Voting Process
Fortis Healthcare issued the postal ballot notice on December 23, 2025, seeking member approval for appointing Mr. Mohd Shahazwan Bin Mohd Harris as a Non-Independent Non-Executive Director, liable to retire by rotation. This complies with SEBI Listing Regulations requirement for shareholder approval within three months of director appointment.
| Postal Ballot Details: | Information |
|---|---|
| Notice Date: | December 23, 2025 |
| Scrutinizer: | Mr. Mukesh Agarwal (C.P. No. 3851) |
| E-voting Period: | December 24, 2025 (09:00 AM) to January 22, 2026 (05:00 PM) |
| Result Declaration: | On or before January 27, 2026 (10:00 PM IST) |
| Cut-off Date: | December 19, 2025 |
| Voting Platform: | KFintech e-voting system |
Professional Background and Qualifications
Mr. Shahazwan brings extensive experience to the Board, with over 25 years in investments, mergers and acquisitions, portfolio and asset management, corporate strategy, and restructuring. He currently serves as Advisor, Special Projects in UEM Group and was appointed to the Board of IHH Healthcare Berhad in March 2023.
| Educational Qualifications: | Details |
|---|---|
| MBA: | Sloan Fellows Master of Business Administration in Leadership and Innovation, MIT |
| Master's Degree: | Master of Science in Advanced Mechanical Engineering, Imperial College London |
| Bachelor's Degree: | Bachelor of Engineering in Mechanical Engineering, University of Warwick |
| Age: | 54 years |
His career highlights include serving as Head, Strategic Investments at Employees Provident Fund (EPF), Chief International Officer at Tenaga Nasional Berhad (TNB), and various investment roles at Khazanah Nasional Berhad from 2005 to 2016, covering investments across Asia and Europe.
Nomination and Compliance Details
The company received a nomination letter dated December 10, 2025, from Northern TKV Venture Pte. Limited, nominating Mr. Shahazwan for the director position. The appointment complies with Companies Act 2013 provisions and SEBI regulations, with the company confirming that Mr. Shahazwan is not debarred from holding the office of Director by any regulatory authorities.
| Compliance Requirements: | Status |
|---|---|
| Section 160 Notice: | Received from member |
| Section 164 Disqualification: | Not disqualified |
| SEBI Debarment: | Not debarred |
| Consent to Act: | Provided |
Voting Instructions and E-voting Facility
The company is offering comprehensive e-voting facility through KFintech platform, enabling members to vote electronically instead of physical postal ballot forms. Members holding shares as of the cut-off date December 19, 2025, are eligible to participate in the voting process through multiple access methods including NSDL, CDSL, and direct KFintech platforms.
| E-voting Access Methods: | Details |
|---|---|
| NSDL Users: | Access via eservices.nsdl.com or mobile app |
| CDSL Users: | Login through Easi/Easiest facility |
| Physical Shareholders: | Direct access via KFintech platform |
| Help Desk: | Toll-free number 1-800-309-4001 |
The voting process complies with Companies Act 2013 provisions and SEBI regulations, with detailed instructions provided for both demat and physical shareholders. Results will be declared at the Corporate Office and displayed on the company website and stock exchanges, with the resolution deemed passed if requisite majority assents to the proposal.
Historical Stock Returns for Fortis Healthcare
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.17% | +1.60% | -6.53% | -1.41% | +27.77% | +410.87% |
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