Apollo Hospitals Clarifies Director Nomination Rights for Apollo Healthtech

Apollo Hospitals Enterprise Ltd has provided further clarification regarding the Composite Scheme of Arrangement for the separation and independent listing of Apollo Healthtech Limited. The company reiterated that Rasmeli Limited and the promoter/promoter group of Apollo Healthtech are committed to waiving their rights to nominate directors if their respective shareholdings fall below 10%. Additionally, they have committed to waiving rights to nominate directors in excess of a specified number based on their aggregate shareholding, with thresholds ranging from 0 directors for below 10% shareholding to up to 5 directors for 35% and above. These provisions will be incorporated into Apollo Healthtech's Articles of Association after the Scheme becomes effective. The company believes the Scheme will unlock value and position Apollo Healthtech for future growth.