Shalby logo

Shalby MD, chairman, board of directors and AGM

NSE: SHALBYBSE: 540797Healthcare ServicesSmall Cap

Last close ₹113.39down ₹1.80 (1.56%)BSE ₹113.65

Share price at the NSE close on 23 Oct 2026. Previous close ₹115.19.

52-week range of traded prices to 23 Oct 2026
₹110.61Low, 23 Oct 2026₹253.00High, 23 Oct 2025
Market cap
₹1,225 Cr1,220th largest listed
P/E
31.2
P/B
1.2
Dividend yield
Nonein the last 12 months
ROE
3.9%
ROCE
4.6%
Debt to equity
0.54
Volume, NSE
1,03,86155.3% delivered

Shalby board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and managing directorVIKRAM INDRAJIT SHAHRelated to the promoter
  • Company Secretary and Compliance OfficerTushar Shah

6 directors5 independent1 executive

  • VIKRAM INDRAJIT SHAH · Chairperson and managing directorExecutive · joined Aug 2004 · reappointed Mar 2025 · 1 listed board · 1 committee seat
  • SHYAMAL SHIVKUMAR JOSHIIndependent · joined May 2021 · reappointed May 2026 · 61 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • UMESH KRISHNANKUTTY MENONIndependent · joined Dec 2016 · reappointed Dec 2021 · 114 months as independent · 3 listed boards · 3 as independent · 5 committee seats, 3 as chair
  • TEJ RAMJIDASS MALHOTRAIndependent · joined Feb 2017 · reappointed Feb 2022 · 112 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • ASHOK BHATIAIndependent · joined May 2023 · reappointed May 2023 · 37 months as independent · 2 listed boards · 2 as independent
  • SUJANA MANAN SHAHIndependent · joined May 2018 · reappointed May 2023 · 97 months as independent · 1 listed board · 1 as independent · 1 committee seat

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left
  • VIJAY KISHANLAL KEDIA, left 30 Apr 2026: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 27 May 20266 of 6 present5 independent · 104 days in between
    • 11 Feb 20267 of 7 present6 independent

  • Audit Committee

    Chair UMESH KRISHNANKUTTY MENON

    SHYAMAL SHIVKUMAR JOSHI, TEJ RAMJIDASS MALHOTRA, SUJANA MANAN SHAH

    • 27 May 20264 of 4 present4 independent · 104 days in between
    • 11 Feb 20264 of 4 present4 independent

  • Nomination and remuneration committee

    Chair UMESH KRISHNANKUTTY MENON

    SHYAMAL SHIVKUMAR JOSHI, SUJANA MANAN SHAH

    • 27 May 20263 of 3 present3 independent · 104 days in between
    • 11 Feb 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair SHYAMAL SHIVKUMAR JOSHI

    UMESH KRISHNANKUTTY MENON, VIKRAM INDRAJIT SHAH

    • 27 May 20263 of 3 present2 independent · 104 days in between
    • 11 Feb 20263 of 3 present2 independent

  • Risk Management Committee

    Chair VIKRAM INDRAJIT SHAH

    SHYAMAL SHIVKUMAR JOSHI, SUJANA MANAN SHAH

    • 11 Feb 20263 of 3 present2 independent

  • Corporate Social Responsibility Committee

    Chair SUJANA MANAN SHAH

    SHYAMAL SHIVKUMAR JOSHI, UMESH KRISHNANKUTTY MENON

    • 27 May 20263 of 3 present3 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • T R CHADHA & CO LLPPeer-review certificate valid to Sep 2028

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Shalby AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Shalby dividend history

Annual general meeting, 10 Sep 2026

51,271 shareholders on the register on 3 Sep 2026; present: 5 promoters and 39 others; votes counted by Chintan I Patel / Chintan I Patel & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statement of the Company for the financial year ended March 31, 2026 together with Reports of the Board of Directors and Auditors thereon and the Audited Consolidated Financial Statement of the Company for the financial year ended March 31, 2026 together with the Report of the Auditors thereonMoreLess
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 27.41%

    Turnout: all 74.61% · promoters 100.00% · institutions 4.90% · other public 0.21%

  2. Ratification of the remuneration payable to Cost Auditors of the Company for the FY 2026-27
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 28.70%

    Turnout: all 74.61% · promoters 100.00% · institutions 5.02% · other public 0.21%

  3. Appointment of Mr. Shanay Vikram Shah DIN 02726541 as a Director of the Company
    OrdinaryNot passedPromoters have an interest in it
    18.29% for81.71% against

    Against: promoters 0.00% · institutions 91.43% · other public 28.41%

    Turnout: all 0.28% · promoters 0.00% · institutions 5.02% · other public 0.21%

  4. Appointment of Mr. Shanay Vikram Shah DIN 02726541 as a Whole Time Director for a term of five consecutive years, with effect from August 12, 2026, liable to retire by rotation
    OrdinaryNot passedPromoters have an interest in it
    18.29% for81.71% against

    Against: promoters 0.00% · institutions 91.43% · other public 28.41%

    Turnout: all 0.28% · promoters 0.00% · institutions 5.02% · other public 0.21%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 21 Mar 2026, 1 resolution

52,689 shareholders on the register on 13 Feb 2026; votes counted by CHINTAN I PATEL / CHINTAN I PATEL & ASSOCIATES.The company's voting result (opens in a new tab)

  1. TO RE‐APPOINT MR. SHYAMAL SHIVKUMAR JOSHI (DIN: 00005766) AS AN INDEPENDENT DIRECTOR OF THE COMPANY FOR THE SECOND TERM OF 5 YEARS W.E.F. MAY 17, 2026
    Special
    99.49% for0.51% against

    Against: promoters 0.00% · institutions 100.00% · other public 59.06%

    Turnout: all 74.74% · promoters 100.00% · institutions 6.97% · other public 0.45%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 29 Sep 2025, 3 resolutions

54,808 shareholders on the register on 22 Sep 2025; present: 5 promoters and 41 others; votes counted by CHINTAN I PATEL / CHINTAN I PATEL & ASSOCIATES.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statement of the Company for the financial year ended March 31, 2025 together with Reports of the Board of Directors and Auditors thereon and the Audited Consolidated Financial Statement of the Company for the financial year ended March 31, 2025 together with the Report of the Auditors thereon.MoreLess
    Ordinary
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.00% · other public 56.72%

    Turnout: all 75.20% · promoters 100.00% · institutions 15.83% · other public 0.46%

  2. Appointment of M/s. Chintan I. Patel & Associates as Secretarial Auditor of the Company for a term of consecutive 5 years
    Ordinary
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.00% · other public 57.66%

    Turnout: all 75.21% · promoters 100.00% · institutions 15.95% · other public 0.46%

  3. Ratification of the remuneration payable to Cost Auditors of the Company for the FY 2025‐26
    Ordinary
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.00% · other public 56.95%

    Turnout: all 75.21% · promoters 100.00% · institutions 15.95% · other public 0.46%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 14 Mar 2025, 1 resolution

53,969 shareholders on the register on 7 Feb 2025; votes counted by CHINTAN PATEL / CHINTAN I PATEL & ASSOCIATES.The company's voting result (opens in a new tab)

  1. Re‐appointment of Dr. Vikram Indrajit Shah (DIN:00011653) as the Chairman and Managing Director of the Company
    OrdinaryPromoters have an interest in it
    98.42% for1.58% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.90%

    Turnout: all 4.94% · promoters 0.00% · institutions 70.87% · other public 7.57%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 26 Sep 2024, 4 resolutions

Present: 5 promoters and 26 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statement of the Company for the financial year ended March 31, 2024 together with Reports of the Board of Directors and Auditors thereon and the Audited Consolidated Financial Statement of the Company for the financial year ended March 31, 2024 together with the Report of the Auditors thereon.MoreLess
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.26%

    Turnout: all 80.39% · promoters 100.00% · institutions 64.60% · other public 12.94%

  2. To declare a Final Dividend of ¿ 1.20 (Rupees One and Twenty Paisa only) per Equity Share of the face value ¿ 10/- (Rupees Ten only) each for the financial year 2023-24.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 80.49% · promoters 100.00% · institutions 66.35% · other public 12.94%

  3. Re-Appointment of Mr. Shanay Shah, holding office or place of profit.
    OrdinaryPromoters have an interest in it
    71.57% for28.43% against

    Against: promoters 0.00% · institutions 48.18% · other public 1.27%

    Turnout: all 6.24% · promoters 0.00% · institutions 66.35% · other public 12.94%

  4. Ratification of the remuneration payable to Cost Auditors of the Company for the FY 2024-25
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.27%

    Turnout: all 80.49% · promoters 100.00% · institutions 66.35% · other public 12.94%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 14 Aug 2023, 8 resolutions

Present: 5 promoters and 34 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2023, together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.15%

    Turnout: all 75.36% · promoters 100.00% · institutions 29.77% · other public 0.10%

  2. To declare Dividend of ₹ 1.20 per equity Share of ₹ 10/- each for the financial year 2022-23
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.26%

    Turnout: all 75.52% · promoters 100.00% · institutions 33.75% · other public 0.10%

  3. To appoint Mr. Sushobhan Dasgupta (DIN: 06381955) as Director, liable to retire by rotation
    Ordinary
    98.49% for1.51% against

    Against: promoters 0.00% · institutions 82.63% · other public 1.15%

    Turnout: all 75.52% · promoters 100.00% · institutions 33.75% · other public 0.10%

  4. Re-appointment of M/s. T. R. Chadha & Co., LLP as Statutory Auditors of the Company for second term of 5 years
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.15%

    Turnout: all 75.52% · promoters 100.00% · institutions 33.75% · other public 0.10%

  5. Appointment of Mr. Ashok Bhatia (DIN:02090239) as an Independent Director
    Special
    98.35% for1.65% against

    Against: promoters 0.00% · institutions 90.58% · other public 1.15%

    Turnout: all 75.52% · promoters 100.00% · institutions 33.75% · other public 0.10%

  6. Appointment of Mr. Vijay Kedia (DIN:00230480) as an Independent Director
    Special
    98.35% for1.65% against

    Against: promoters 0.00% · institutions 90.58% · other public 1.15%

    Turnout: all 75.52% · promoters 100.00% · institutions 33.75% · other public 0.10%

  7. Authorization under Section 186 of the Companies Act, 2013
    Special
    98.35% for1.65% against

    Against: promoters 0.00% · institutions 90.58% · other public 10.00%

    Turnout: all 75.52% · promoters 100.00% · institutions 33.75% · other public 0.10%

  8. Ratification of the remuneration payable to Cost Auditors of the Company for the FY 2023-24
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.24%

    Turnout: all 75.52% · promoters 100.00% · institutions 33.75% · other public 0.10%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 10 Dec 2022, 2 resolutions

The company's voting result (opens in a new tab)

  1. Appointment of Mr. Vijay Kedia (DIN:00230480) as a Non-Executive Non-Independent Director w.e.f. October 18, 2022
    Ordinary
    98.91% for1.09% against

    Against: promoters 0.00% · institutions 81.67% · other public 6.39%

    Turnout: all 75.09% · promoters 100.00% · institutions 26.29% · other public 0.22%

  2. Reappointment of Mrs. Sujana Shah DIN:08100410) as an Independent Director of the Company for the second term of five consecutive years commencing from May 7, 2023
    Special
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 9.48% · other public 8.99%

    Turnout: all 75.09% · promoters 100.00% · institutions 26.29% · other public 0.22%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 26 Sep 2022, 7 resolutions

Present: 5 promoters and 42 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2022, together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.82%

    Turnout: all 75.01% · promoters 100.00% · institutions 21.37% · other public 0.52%

  2. To declare Dividend of ₹ 1/- per equity Share of ₹ 10/- each for the financial year 2021-22
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.69%

    Turnout: all 75.09% · promoters 100.00% · institutions 23.14% · other public 0.52%

  3. To appoint Mr. Sushobhan Dasgupta (DIN: 06381955) as Director, liable to retire by rotation
    Ordinary
    98.90% for1.10% against

    Against: promoters 0.00% · institutions 87.98% · other public 6.06%

    Turnout: all 75.09% · promoters 100.00% · institutions 23.14% · other public 0.52%

  4. Increase in borrowing powers of the Board under 180(1)(c) of the Companies Act, 2013
    Special
    98.76% for1.24% against

    Against: promoters 0.00% · institutions 98.15% · other public 9.57%

    Turnout: all 75.09% · promoters 100.00% · institutions 23.14% · other public 0.52%

  5. To approve powers of Board under 180(1) (a) of the Companies, Act, 2013
    Special
    98.76% for1.24% against

    Against: promoters 0.00% · institutions 98.15% · other public 10.24%

    Turnout: all 75.09% · promoters 100.00% · institutions 23.14% · other public 0.52%

  6. Authorization under Section 186 of the Companies Act, 2013
    Special
    98.76% for1.24% against

    Against: promoters 0.00% · institutions 98.15% · other public 9.49%

    Turnout: all 75.09% · promoters 100.00% · institutions 23.14% · other public 0.52%

  7. Ratification of the remuneration payable to Cost Auditors of the Company fornthe FY 2022-23
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.46%

    Turnout: all 75.09% · promoters 100.00% · institutions 23.14% · other public 0.52%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 21 Mar 2026, 2 fund houses

  • TO RE‐APPOINT MR. SHYAMAL SHIVKUMAR JOSHI (DIN: 00005766) AS AN INDEPENDENT DIRECTOR OF THE COMPANY FOR THE SECOND TERM OF 5 YEARS W.E.F. MAY 17, 2026
    Against Bandhan Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance Concern: Cooling off period of 3 years not served at the time of transition from NED to ID; Mr. Shyamal Joshi was associated with the Company since 2016, as a result, his association with the Company will exceed 10 Years. Such prolonged association with the Company may hamper the independence of an ID. The proposed appointee is the member of NRC And Board Composition is non-compliant u/s 152 of the Companies Act, 2013.
    0 for2 against

Mutual fund votes, meeting of 29 Sep 2025, 2 fund houses

  • To receive, consider and adopt the Audited Standalone Financial Statement of the Company for the financial year ended March 31, 2025 together with Reports of the Board of Directors and Auditors thereon and the Audited Consolidated Financial Statement of the Company for the financial year ended March 31, 2025 together with the Report of the Auditors thereon.MoreLess
    2 for0 against
  • Appointment of M/s. Chintan I. Patel & Associates as Secretarial Auditor of the Company for a term of consecutive 5 years
    2 for0 against
  • Ratification of the remuneration payable to Cost Auditors of the Company for the FY 2025‐26
    2 for0 against
4 earlier meetings

Mutual fund votes, meeting of 14 Mar 2025, 2 fund houses

  • Re‐appointment of Dr. Vikram Indrajit Shah (DIN:00011653) as the Chairman and Managing Director of the Company
    2 for0 against

Mutual fund votes, meeting of 26 Sep 2024, 2 fund houses

  • To receive, consider and adopt the Audited Standalone Financial Statement of the Company for the financial year ended March 31, 2024 together with Reports of the Board of Directors and Auditors thereon and the Audited Consolidated Financial Statement of the Company for the financial year ended March 31, 2024 together with the Report of the Auditors thereon.MoreLess
    2 for0 against
  • To declare a Final Dividend of ¿ 1.20 (Rupees One and Twenty Paisa only) per Equity Share of the face value ¿ 10/- (Rupees Ten only) each for the financial year 2023-24.
    2 for0 against
  • Re-Appointment of Mr. Shanay Shah, holding office or place of profit.
    Against Bandhan Mutual Fund
    • Bandhan Mutual FundShanay Shah, 33, is the son of founder Promoter, Chairperson and Managing Director, Dr. Vikram Shah. He was reappointed as President International Business for five years from October 2019. He is associated with the company since October 2013 and has around five years of experience in the Healthcare industry. Public sources indicate that he is associated with the company since 2013 but working in a fulltime role since 2020. He holds a bachelors’ degree in science with honours in accounting and finance from University of Warwick, United Kingdom and masters’ degree in international health management from Imperial College, UK. He is also a CFA (USA) chartered holder. He oversees the investor relations function and finance and strategy for the company. The company proposes to increase his salary upto 25.0 mn per annum. Shanay Shah was paid Rs. 7.5 mn in FY24. The reason for a significant increase in remuneration is unclear. The company must disclose how, based on his experience, his role and remuneration benchmark with the company’s internal cadre and with market standards.
    1 for1 against
  • Ratification of the remuneration payable to Cost Auditors of the Company for the FY 2024-25
    2 for0 against

Mutual fund votes, meeting of 14 Aug 2023, 1 fund house

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2023, together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
    1 for0 against
  • To declare Dividend of ₹ 1.20 per equity Share of ₹ 10/- each for the financial year 2022-23
    1 for0 against
  • To appoint Mr. Sushobhan Dasgupta (DIN: 06381955) as Director, liable to retire by rotation
    1 for0 against
  • Re-appointment of M/s. T. R. Chadha & Co., LLP as Statutory Auditors of the Company for second term of 5 years
    1 for0 against
  • Appointment of Mr. Ashok Bhatia (DIN:02090239) as an Independent Director
    1 for0 against
  • Appointment of Mr. Vijay Kedia (DIN:00230480) as an Independent Director
    1 for0 against
  • Ratification of the remuneration payable to Cost Auditors of the Company for the FY 2023-24
    1 for0 against
1 proposal not matched to one resolution
  • To (a) give any loan to any person(s) or other body corporate(s); (b) give any guarantee or provide security in connection with a loan to any person(s) or other body corporate(s); and (c) acquire by way of subscription, purchase or otherwise, securities of any other body corporate from time to time in one or more tranches as the Board of Directors as in their absolute discretion deem beneficial and in the interest of the Company, for an amount not exceeding Rs.750 crores notwithstanding that the individual / aggregate of the loans or guarantees or securities, so given or to be given and/or securities acquired or to be acquired by the Company.MoreLess
    1 for0 against

Mutual fund votes, meeting of 26 Sep 2022, 1 fund house

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2022, together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
    1 for0 against
  • To declare Dividend of ₹ 1/- per equity Share of ₹ 10/- each for the financial year 2021-22
    1 for0 against
  • To appoint Mr. Sushobhan Dasgupta (DIN: 06381955) as Director, liable to retire by rotation
    1 for0 against
4 proposals not matched to one resolution
  • Ratification of the remuneration of Rs.1,10,000/- paid to M/s. Borad Sanjay B & Associates, Cost Accountants, Ahmedabad (Firm Registration No. 102408), appointed as the Cost Auditors by the Board of Directors of the Company, to conduct the audit of the cost records of the Company for the Financial Year ending March 31, 2023.MoreLess
    1 for0 against
  • To (a) give any loan to any person(s) or other body corporate(s); (b) give any guarantee or provide security in connection with a loan to any person(s) or other body corporate(s); and (c) acquire by way of subscription, purchase or otherwise, securities of any other body corporate from time to time in one or more tranches as the Board of Directors as in their absolute discretion deem beneficial and in the interest of the Company, for an amount not exceeding Rs.500 crores.MoreLess
    1 for0 against
  • To borrow money from any Bank and/or other Financial Institution and/or foreign lender and/or any body corporate / entity / entities and/ or authority/authorities, either in rupees or in such other foreign currencies as may be permitted by law from time to time, as may be deemed appropriate by the Board for and on behalf of the Company for the business of the Company, but so that the money to be borrowed together with the money already borrowed by the Company shall not exceed Rs.750 Crore.MoreLess
    1 for0 against
  • To pledge, mortgage, hypothecate and/or charge all or any part of the moveable or immovable properties of the Company and the whole or part of the undertaking of the Company of every nature and kind whatsoever and/or creating a floating charge in all or any movable or immovable properties of the Company and the whole of the undertaking of the Company to or in favour of banks, financial institutions, investors and any other lenders to secure the amount borrowed by the Company or any third party from time to time for the due payment of the principal and/or together with interest, charges, costs, expenses and all other monies payable by the Company or any third party in respect of such borrowings provided that the aggregate indebtedness secured by the assets of the Company does not exceed a sum of Rs.750 crores for the Company.MoreLess
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Fines and tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Fine or penaltyState Nodal Cell‐ AB PMJAYSince 4 Apr 2026

    Penalty for non compliance under PMJAY scheme

    Penalty for less number of Ortho and Poly‐ Trauma and more number of TKR done under ABPMJAY scheme (1 case)
  • Tax disputeGujarat Value Added Tax TribunalSince 26 Mar 2015
    High court order received was not in our favour. Petition has been filed in supreme court.
    At the filing before: A show cause notice has been received under Gujarat Value Added Tax Act, 2003 for the Financial Year 2009‐10 to 2014‐15 demanding the Value Added Tax liability on medicine supplied to the patient admitted to hospital. Such notice has been challenged in to the Hon’ble High Court of Gujarat. The first appeal had been filed before the Deputy Commissioner of State Tax (Appeal) – 1, Ahmedabad but appeal order was received in the favour of Value Added Tax Department. Hence Second Appeal had been field before the Gujarat Value Added Tax Tribunal for which the proceeding is still going on.MoreLess
  • Tax disputeIncome Tax Appellate TribunalSince 28 Dec 2017
    ITAT order dated 16 March 2026 has been received on April 10 2026 which was not in our favour. The Company filed Misc. Application with ITAT as on June 24, 2026.
    At the filing before: Before the demerger of Shalby Surat Hospital Pvt. Ltd. (SSHPL) with Company, SSHPL was issued an unquoted share with premium to investor. Such premium has been calculated based on the book value as per the valuation report. The Assessing Officer has disallowed such premium and added to income under section 68 vide assessment order under section 143(3) dated 28.12.2017. An appeal has been filed against such Assessment Order before Commissioner of Income tax (Appeal)-8, Ahmedabad for which the proceeding is still going on.MoreLess
  • Tax disputeJoint Commissioner - CGST & Central Excise - Jabalpur (Madhya Pradesh)Since 5 Aug 2024
    As per the direction given by Hon'ble High Court of Madhya Pradesh in the matter of writ petition filed, hence, the appeal has been filed on May 14, 2025 with Commissiner (Appeals) and appeal proceedings is in process. As on date, there is no implication on the financials. We anticipate that we will get verdict in our favour on the basis of facts of the matter involved, analysis of the provisions of the law, available judicial precedents & basis our consultation with our legal advisor.MoreLess
    At the filing before: Levy of penalty and demand of Input Tax Credit wrongly availed amounting to Rs.6,20,80,588/‐ (Rupees Six Crores Twenty Lakhs Eighty Thousand Five Hundred and Eighty Eight only) for the period from 2017‐18 (from July‐2017) to 2022‐23 under the provisions of Section 74 of the CGST/CGGST Act, 2017, plus applicable interest, plus equivalent amount of Penalty of Rs. 6,20,80,588/‐ (Rupees Six Crores Twenty Lakhs Eighty Thousand Five Hundred and Eighty Eight only).MoreLess

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
Yes
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.