StockWatch
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Hospital
Corporate Action11 Aug 2026, 09:50 pm

Shanmuga Hospital Increases Authorized Share Capital to ₹25 Cr

AI Summary

Shanmuga Hospital Ltd announced a significant increase in its authorized share capital from ₹14 crore to ₹25 crore, subject to shareholder approval at the upcoming AGM. The board also approved the un-audited financial results for the quarter ended June 30, 2026, and a power purchase agreement with LNGS Private Limited. Additionally, the company is introducing the 'Shanmuga Hospital Limited Employee Stock Option Plan 2026' (SHL ESOP-2026) and has appointed Finshore Management Service Ltd. as the merchant banker for this plan. The Memorandum of Association will be amended to reflect these changes, including the addition of new main object clauses to facilitate future business diversification.

Key Highlights

  • Authorized share capital increased from ₹14 Cr to ₹25 Cr.
  • Board approved unaudited financial results for Q1 FY27.
  • New Employee Stock Option Plan (ESOP) introduced.
  • Memorandum of Association to be amended.
  • Power purchase agreement signed with LNGS Private Limited.