Shanmuga Hospital Ltd to increase authorized share capital to ₹25 Cr

Shanmuga Hospital Ltd announced a board meeting where several key decisions were made, subject to shareholder approval. The company plans to increase its authorized share capital from ₹14 crore to ₹25 crore. Additionally, the board approved the formulation of the "Shanmuga Hospital Limited Employee Stock Option Plan 2026" (SHL ESOP-2026) and appointed Finshore Management Service Ltd. as the Merchant Banker for this plan. The company also approved alterations to its Memorandum of Association (MOA) to include new object clauses for future business expansion and diversification, and to reflect the increased authorized share capital. Other approvals included the unaudited financial results for the quarter ended June 30, 2026, and entering into a power purchase agreement with LNGS Private Limited. The 6th Annual General Meeting is scheduled for September 18, 2026.