Fortis Healthcare Limited has successfully completed its postal ballot voting process, securing overwhelming shareholder approval for a key board appointment. The healthcare major announced the results on January 23, 2026, following the conclusion of voting on January 22, 2026.

Resolution Outcome

The postal ballot addressed a single resolution regarding the appointment of Mr. Mohd Shahazwan Bin Mohd Harris (DIN: 08465456) as a Non-Independent & Non-Executive Director of the Company, liable to retire by rotation. The resolution received strong shareholder support with the following results:

Voting Process and Compliance

The postal ballot process was conducted in strict compliance with the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, and the Companies Act, 2013. CS Mukesh Kumar Agarwal from Mukesh Agarwal & Co. served as the appointed scrutinizer to ensure transparency and fairness in the voting process.

The company dispatched the postal ballot notice electronically to all eligible shareholders on December 23, 2025, with the record date set as December 19, 2025. Shareholders had multiple voting options available:

• Electronic voting through KFin Technologies Limited's platform
• Physical postal ballot forms submitted via registered email
• Voting period from December 23, 2025, to January 22, 2026

Shareholder Participation Details

The voting process witnessed significant participation across different shareholder categories:

The promoter and promoter group demonstrated complete support with 100% participation and unanimous approval. Public institutions showed strong engagement with over 90% participation, while retail investors participated at 40.34% rate.

Regulatory Framework and Documentation

The postal ballot process adhered to multiple regulatory frameworks including MCA General Circulars and SEBI circulars issued between 2020-2025. The company published mandatory advertisements in Financial Express (English) and Rozana Spokesman (Punjabi) on December 24, 2025, ensuring proper disclosure to all stakeholders.

KFin Technologies Limited facilitated the electronic voting infrastructure, maintaining secure systems for vote casting and tabulation. The scrutinizer's report confirmed that all procedural requirements were met, with votes unblocked on January 22, 2026, at 17:18 hours in the presence of independent witnesses.

Corporate Governance Impact

The successful completion of this postal ballot demonstrates Fortis Healthcare's commitment to transparent corporate governance practices. The appointment of Mr. Mohd Shahazwan Bin Mohd Harris as a Non-Independent & Non-Executive Director will contribute to the company's board composition and strategic oversight capabilities. The resolution was deemed passed on January 22, 2026, being the last date for vote casting, and will be formally recorded in the company's board minutes.

The Delhi High Court has issued a criminal complaint regarding a forged term sheet in the ongoing legal dispute between Fortis Healthcare and Walmark. This development marks a significant escalation in the legal proceedings between the two parties.

Court Action Details

The High Court's decision to issue a criminal complaint indicates the serious nature of the allegations surrounding document forgery in this corporate dispute. The complaint specifically relates to a term sheet that has been identified as forged in connection with the Fortis-Walmark legal matter.

Legal Implications

The issuance of a criminal complaint by the Delhi High Court represents a notable development in what appears to be a complex corporate legal dispute. Criminal complaints in such matters typically indicate that the court has found sufficient grounds to believe that criminal activity may have occurred in relation to the forged documentation.

Ongoing Dispute

This latest development is part of the broader legal dispute between Fortis Healthcare and Walmark. The involvement of forged documentation has now elevated the matter to include potential criminal proceedings alongside any civil litigation that may be ongoing between the parties.