GPT Healthcare Ltd, a prominent player in the healthcare sector, has announced significant changes to its board composition and corporate structure following the unfortunate demise of its Executive Chairman, Shri Dwarika Prasad Tantia.

Board Appointment and Restructuring

The company's board of directors, in a meeting held on September 24, 2025, approved the appointment of Mr. Shree Gopal Tantia as an Additional Non-Executive Non-Independent Director. Mr. Tantia, aged over 60 years, brings with him a wealth of experience spanning more than four decades in the infrastructure and civil construction sectors.

Corporate Social Responsibility Committee Reconstitution

In light of the recent changes, GPT Healthcare has also reconstituted its Corporate Social Responsibility (CSR) Committee. The newly formed committee will be chaired by Dr. Om Tantia, with Dr. Aruna Tantia and Dr. Tapti Sen serving as members.

Articles of Association Amendments

The board has approved alterations to the company's Articles of Association, subject to shareholder approval. These changes include:

• Deletion of certain articles related to the initial public offering (IPO) process
• Modifications to the appointment of the board chairperson

Postal Ballot for Shareholder Approval

GPT Healthcare has initiated a postal ballot process to seek shareholder approval for two key matters:

1. The appointment of Mr. Shree Gopal Tantia as a Non-Executive Non-Independent Director
2. The proposed alterations to the Articles of Association

Leadership Profile

Mr. Shree Gopal Tantia, a commerce graduate, is recognized as one of the promoters of the GPT Group Companies. His extensive experience in the infrastructure and civil construction sector is expected to bring valuable insights to the company's operations.

Regulatory Compliance

The company has assured that Mr. Tantia is not debarred from accessing capital markets or restrained from holding directorship positions by any regulatory authority, including the Securities and Exchange Board of India (SEBI).

These developments mark a significant transition period for GPT Healthcare as it adapts to new leadership while maintaining its commitment to corporate governance and shareholder interests.

GPT Healthcare Limited announced the unexpected demise of its Executive Chairman and Promoter, Shri Dwarika Prasad Tantia, on August 17, 2025. The company informed the stock exchanges of this development on August 18, 2025, in compliance with SEBI regulations.

A Visionary Leader

Dwarika Prasad Tantia was a prominent figure in the healthcare industry, serving as the Chairman of both GPT Healthcare and the broader GPT Group. His leadership was characterized by integrity, wisdom, and a deep sense of purpose, adhering to the highest standards of corporate governance. Tantia's vision and unwavering commitment were instrumental in shaping the foundation and progress of the company.

Multifaceted Contributions

Beyond his role at GPT Healthcare, Tantia held the position of Honorary Consul of the Republic of Ghana in Kolkata, showcasing his dedication to fostering international relations. His influence extended far beyond strategic leadership, as he was known for inspiring excellence and fostering unity within the organization.

Impact on the Company

At the time of his passing, Tantia held 300 shares in GPT Healthcare Limited. The company described his sudden demise as an "irreparable loss," reflecting the significant impact he had on the organization and its people.

Continuity and Commitment

Despite this significant loss, GPT Healthcare has assured its stakeholders that the company's operations and prospects remain unchanged. The company expressed its commitment to upholding Tantia's legacy by advancing the mission and values he instilled in the organization.

A Lasting Legacy

Dwarika Prasad Tantia was remembered as a true "karmyogi" and "samaj sevak" (social servant), highlighting his dedication to both business excellence and social responsibility. His leadership in guiding the company's operations, projects, and CSR initiatives has left an indelible mark on GPT Healthcare and the communities it serves.

The board of directors and employees of GPT Healthcare have extended their heartfelt condolences to Tantia's bereaved family, underscoring the profound impact he had on the company and its people.

As GPT Healthcare navigates this transition, the company remains focused on honoring Dwarika Prasad Tantia's legacy while continuing to serve its customers and stakeholders with the same commitment and vision that defined his leadership.