In continuation to the Letter submitted by Chennai Meenakshi Multispeciality Hospital Limited bearing reference No. CMMH/BSEE/2026-27/06 dated April 21, 2026. We would like to inform you ....
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Chennai Meenakshi Multispeciality Hospital Limited has informed BSE that it is exempt from certain corporate governance compliance requirements under SEBI LODR Regulations. The exemption applies because the company's paid-up equity share capital (Rs. 746.89 Lakhs) does not exceed Rs. 10 crores, and its net worth (negative Rs. 307.54 Lakhs) does not exceed Rs. 25 crores as of March 31, 2026. As a result, the company is not required to submit reports on Annual Secretarial Compliance, Corporate Governance, or Related Party Transactions for FY 2025-26. The company's net worth has deteriorated significantly from Rs. (32.75) Lakhs in FY2024 to Rs. (307.54) Lakhs in FY2026, indicating substantial accumulated losses.
The exemption reduces compliance costs and reporting burden for this small-cap hospital company. However, the significantly negative net worth raises serious concerns about the company's financial health and long-term viability as a listed entity.