2nd Annual Report for F.Y. 2024-25 along with Notice of 2nd Annual General Meeting of the Company
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Broach Lifecare Hospital Ltd has issued the Notice for its 2nd Annual General Meeting scheduled on September 30, 2025 at 11:30 AM, to be held via video conferencing. The agenda includes adopting the audited financial statements for FY 2024-25 and re-appointing Mrs. Dhyuti Krupesh Joshi (DIN: 08736388) as a director liable to retire by rotation. A key special business item is seeking shareholder approval for a Material Related Party Transaction with Dr. Jaykumar Narendra Vyas (Managing Director / Promoter) for the purchase of a Cath Lab Machine and accessories worth up to Rs. 155.00 Lakhs, which represents 48.75% of the company's FY 2024-25 annual turnover. The equipment is to be procured from Allengers Medical Systems Limited through the related party to meet Gujarat government's AB PMJAY empanelment norms for cardiology services, and the company will reimburse the related party from its IPO issue proceeds (originally budgeted at Rs. 225 Lakhs for this purchase).
Shareholders are being asked to approve a sizeable related party deal worth nearly half of annual turnover, routed through the Managing Director's family entity. While the company states the transaction is at arm's length pricing, this requires careful review given the size and related-party nature; outcome of voting may be watched by investors as a governance signal.