Intimation under regulation 31(1)(b) of SEBI Listing Regulations Ref: Shareholding Pattern of the Company submitted for the quarter ended 31.12.2024 on 10.01.2025-ERRATTA-Submitted. In ....
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Chennai Meenakshi Multispeciality Hospital has filed an errata to its earlier shareholding pattern for the quarter ended December 31, 2024. The correction follows the transmission of 37,57,166 equity shares (50.3% of the company) held by the late promoter Mr. A.N. Radhakrishnan, who passed away in December 2022, to his legal heirs pursuant to a court-decreed settlement dated 08.08.2024. The shares have been divided among his wife, two sons, daughter, and two grandsons, with his wife additionally gifting her 1/5th share to the daughter, resulting in holdings of 20.12% (Jayanthi Radhakrishnan), 10.06% each (two sons), and 5.03% each (two grandsons). The company clarified that under SEBI's Regulation 31A(6)(a), all these legal heirs, including the grandsons and Mrs. Jayanthi's son Mr. Akash Prabhakar (37,000 shares), should be classified as 'Promoter' rather than 'Promoter Group' or 'Public' as erroneously shown earlier.
Although the total promoter shareholding remains effectively unchanged at around 50.3%, the promoter base has expanded from a single deceased individual to six family members plus one relative. This fragmentation of ownership may have minor implications for control and decision-making but does not change the overall promoter control of the company. The errata is purely a reclassification correction and is unlikely to materially affect the stock price.