The relevant disclosure is attached.
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Awaiting price reaction for this filing.
Fortis Malar Hospitals is sending a postal ballot notice to shareholders seeking approval for three items: (1) appointment of Mr. Bidesh Chandra Paul (DIN: 08596135, age 46, IIT Kharagpur & IIM Bangalore alumnus) as a Director, (2) his appointment as Whole-Time Director for three years effective February 6, 2026 with no remuneration, and (3) re-appointment of Ms. Shailaja Chandra (DIN: 03320688, age 82) as Independent Director for a second five-year term from March 10, 2026 to March 9, 2031. Mr. Paul fills the role left vacant after Whole-Time Director Mr. Chandrasekar Ramasamy resigned effective January 18, 2026. Ms. Chandra's re-appointment requires a special resolution as she is over 75 years of age. E-voting runs from February 26, 2026 to March 27, 2026.
Routine governance transition with no major financial implications for shareholders — the new Whole-Time Director will draw no salary from the company, and the existing Independent Director is being retained after a satisfactory performance review. No immediate impact on stock price expected.