Proceedings of 35th Annual General Meeting held on 30th September, 2025.
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Chennai Meenakshi Multispeciality Hospital held its 35th AGM on September 30, 2025 via video conferencing, attended by 35 members. The company reported a wider net loss of Rs. 137.37 lakhs in FY25 compared to a Rs. 42.74 lakhs loss in FY24, while revenue declined to Rs. 3,481.85 lakhs from Rs. 3,820.34 lakhs. Patient footfall also dropped — inpatients fell to 2,551 (from 2,873) and outpatients to 29,241 (from 33,140), attributed to competition from nearby hospitals. Shareholders approved the re-appointment of Mrs. Jayanthi Radhakrishnan as Managing Director for five years without remuneration, four new director appointments, two Independent Director appointments, and the re-appointment of Mr. T. Murugan as Secretarial Auditor for FY26 at Rs. 60,000. The statutory and secretarial auditors' reports contained no qualifications or adverse remarks.
Worsening losses, declining revenue, and falling patient volumes are negative signals for shareholders, though the board expects gradual improvement and has restructured the board. The MD continuing without remuneration may indicate cost discipline but also signals that the company needs capacity investment to compete effectively.