Postal ballot Notice of Achyut Healthcare Limited pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015
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Achyut Healthcare Limited has issued a Postal Ballot Notice to its members seeking approval through remote e-voting (NSDL platform) for two items. Item 1 is a Special Resolution to migrate the company's listing from the BSE SME platform (where it has been listed since March 30, 2022) to the BSE Mainboard. The company states it meets the eligibility criteria, with a paid-up equity capital of Rs. 23.56 crore (23,55,57,000 shares of Re. 1 each), a market cap exceeding Rs. 25 crore, and over 3 years of SME listing. Item 2 is an Ordinary Resolution seeking approval for a material related party transaction of up to Rs. 25 crore with Zenith Healthcare Limited for FY 2025-26, involving a facility agreement for plant, machinery, and premises usage at Achyut's premises, with consideration tied to production costs (10-15% tiered) and a minimum of Rs. 6.25 lakh per month. The transaction equals approximately 25% of FY24-25 turnover. E-voting runs from April 25, 2025 to May 24, 2025, with results expected by May 27, 2025.
For shareholders: Migration to the mainboard typically brings better liquidity, wider investor participation, and improved visibility, though it also means stricter compliance norms. The related party transaction with Zenith Healthcare (which shares common directors/promoters) is sizeable at ~25% of turnover and worth watching for fairness, though the company states it will be at arm's length. Promoters and promoter group cannot vote on the RPT resolution.