Shalby Limited has announced the re-appointment of Mr. Shyamal Shivkumar Joshi as an Independent Director for a second consecutive term of 5 years. The Board of Directors approved this decision at their meeting held on February 11, 2026, which commenced at 5:58 p.m. and concluded at 6:45 p.m.

Board Approval and Regulatory Compliance

The re-appointment was approved based on the recommendation of the Nomination and Remuneration Committee and is subject to shareholder approval through a postal ballot process. The company has ensured full compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, under Regulation 30.

Director Profile and Experience

Mr. Joshi has been associated with Shalby Hospitals since 2010 and brings significant expertise to the Board. He is a commerce graduate from Gujarat University and a practicing Chartered Accountant with extensive experience across multiple domains.

Key Areas of Expertise:

• Corporate strategy development
• Fundraising and capital management
• Mergers and acquisitions
• Taxation and regulatory compliance
• Accounting and financial management

Independence and Compliance Verification

The Nomination and Remuneration Committee and Board of Directors have verified that Mr. Joshi meets all independence criteria. He is not related to any Director or Key Managerial Personnel of the Company and is not debarred from holding the office of Director by SEBI or any other regulatory authority.

The company has obtained necessary declarations pursuant to BSE Circular No. UST/COMP/14/2018-19 dated June 20, 2018, and NSE Circular No. NSE/CML/2018/24 dated June 20, 2018. Additionally, Mr. Joshi serves as a Director on the boards of several other companies, further demonstrating his governance experience and expertise.

Shalby Limited has announced the strategic discontinuation of SOCE operations at two of its facilities, while maintaining essential healthcare services through continued OPD operations. The company communicated this decision to stock exchanges as part of its regulatory disclosure obligations.

Operational Changes at Key Facilities

The healthcare provider has decided to discontinue SOCE operations at its Rajkot and Lucknow facilities with specific timelines for each location.

Service Continuity Framework

Despite the discontinuation of SOCE operations, Shalby Limited has assured stakeholders that OPD services will remain fully operational at both Rajkot and Lucknow locations. This approach ensures that patients in these cities will continue to have access to outpatient medical services and consultations.

The company's management decision reflects a strategic restructuring of service offerings while maintaining essential healthcare access points for patients in both cities.

Regulatory Compliance

Shalby Limited filed this intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was signed by Tushar Shah, AVP & Company Secretary, and submitted to both NSE and BSE on January 31, 2026.

The announcement demonstrates the company's commitment to transparent communication with stakeholders regarding operational changes that may impact its business structure and service delivery model.