Narayana Hrudayalaya Declares Voting Results for Demerger Scheme Approval

Narayana Hrudayalaya Limited has successfully declared the voting results for its stakeholder meetings held on April 02, 2026, showing overwhelming support for the proposed scheme of arrangement with NH Integrated Care Private Limited. The company submitted comprehensive voting results and scrutinizer's reports to stock exchanges on April 03, 2026, pursuant to Regulation 44 of SEBI LODR regulations.

Voting Results Overview

The NCLT-convened meetings demonstrated strong stakeholder support across all categories. Scrutinizer Manali Shah, PCS, conducted the voting process in compliance with regulatory requirements, with meetings presided over by NCLT-appointed Chairman Shri Theerthesh B S.

Meeting Category: Total Participants: Votes in Favour: Approval Rate: Equity Shareholders 16,19,59,684 votes 16,19,59,585 votes 99.9999% Secured Creditors 5 creditors 8,38,09,44,465 votes 100% Unsecured Creditors 14 creditors 37,12,95,63,71 votes 100%

Equity Shareholders Voting Breakdown

The equity shareholders meeting recorded exceptional participation with 79.25% of outstanding shares participating in the voting process. The detailed category-wise results show unanimous support from promoter groups and institutional investors.

Category: Shares Held: Votes Polled: Participation %: Votes in Favour: Promoter Group 12,93,08,730 12,93,08,730 100.00% 12,93,08,730 Public Institutions 3,93,59,468 3,14,73,473 79.96% 3,14,73,473 Public Non-Institutions 3,56,92,606 11,77,481 3.30% 11,77,382

Creditors Meetings Results

Both secured and unsecured creditors meetings achieved complete consensus for the demerger proposal. The secured creditors meeting saw participation from all 5 creditors on record, while 14 unsecured creditors participated in the voting process.

Creditor Type: Total on Record: Participants: Votes Cast: Approval: Secured Creditors 5 5 8,38,09,44,465 100% Unsecured Creditors 2,621 14 37,12,95,63,71 100%

E-Voting Process and Compliance

The voting was conducted through NSDL's electronic platform, with remote e-voting available from March 30, 2026 (9:00 AM) to April 01, 2026 (5:00 PM). Additional e-voting facilities were provided during the meetings and extended for 15 minutes post-conclusion. The cut-off date for equity shareholders was March 26, 2026, while creditors' cut-off date was October 31, 2025.

E-Voting Parameter: Details: Platform NSDL electronic voting system Remote Voting Period March 30 - April 01, 2026 Meeting Participation Video conferencing/OAVM Results Submission April 03, 2026

Regulatory Compliance and Documentation

The company ensured full compliance with Companies Act 2013, SEBI Listing Regulations, and NCLT directions. Comprehensive notices were published in "The Hindu" (English) and "Udayavani" (Kannada) newspapers on February 27, 2026. All voting results and scrutinizer reports have been uploaded on the company website at www.narayanahealth.org and NSDL's e-voting portal.

The successful approval marks a significant milestone in the corporate restructuring process, with the scheme now proceeding to final NCLT sanction following the overwhelming stakeholder support across all categories.

Narayana Hrudayalaya Limited has issued a regulatory clarification addressing recent media reports regarding its SMVD hospital arrangement, emphasizing that the coverage pertains to previously disclosed information rather than new material developments.

Regulatory Clarification Details

The company submitted its clarification on March 27, 2026, pursuant to Regulation 30(11) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The clarification specifically addresses two media articles published in mainstream outlets regarding the SMVD Narayana Superspecialty Hospital arrangement.

Parameter: Details Submission Date: March 27, 2026 Regulation: SEBI LODR Regulation 30(11) Media Articles: Two publications in Daily Excelsior and Jagran Original Disclosure: March 28, 2025

Business Transfer Agreement Implementation

Narayana Vaishno Devi Specialty Hospitals Private Limited (NVDSHPL), the company's wholly owned subsidiary, has executed a Business Transfer Agreement with Shri Mata Vaishno Devi Charitable Society. This agreement implements the hospital transition originally disclosed in March 2025.

Key Arrangement Details

Transition Date: April 1, 2026

NVDSHPL Role: Supervisory oversight only

Oversight Period: Until 2033

Transfer Entity: Shri Mata Vaishno Devi Charitable Society

Media Reports Context

The clarification addresses specific articles published on March 26-27, 2026, including reports in Daily Excelsior and Jagran's online portal. The company emphasized that these reports discuss the implementation of an arrangement already disclosed to stock exchanges, rather than announcing new material events.

Regulatory Compliance

Narayana Hrudayalaya maintains that all relevant disclosures regarding this arrangement have been properly communicated to both BSE Limited and National Stock Exchange of India Limited. The company's original disclosure from March 28, 2025, outlined the execution of the agreement between NVDSHPL and Shri Mata Vaishno Devi Charitable Society.

The clarification document was digitally signed by Sridhar S., Group Company Secretary, Legal & Compliance Officer, reinforcing the company's commitment to transparent regulatory communication and proper disclosure practices.

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