ImportantCompany Update
Shanmuga Hospital's board approved the quarter's financial results.
Shanmuga Hospital Ltd544365 · Filed with the exchange
Key strategic moves include a Power Purchase Agreement with LNGS Private Limited for electricity at ₹6.50 per unit, involving a 1% equity investment in LNGS.
An Employee Stock Option Plan for up to 3.5 lakh shares was formulated to boost employee alignment, with a merchant banker appointed.
The company also plans to increase authorized share capital from Rs. 14 Crore to Rs. 25 Crore, pending shareholder approval.
Significant business diversification into medical education support and digital solutions, via MOA alteration, and AOA changes were also greenlit, subject to shareholder vote at the upcoming Annual General Meeting.
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