Gujarat Kidney And Super Speciality Limited has informed the Exchange regarding Notice of Postal Ballot
GKSL · price
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Gujarat Kidney and Super Speciality Limited (Scrip Code: 544666) has issued a postal ballot notice seeking shareholder approval on three special business items. The company recently raised Rs. 25,080 lakhs through its IPO (Prospectus dated December 24, 2025) and has utilised Rs. 20,584.44 lakhs (82.08%), leaving Rs. 4,495.56 lakhs unutilised. The Board proposes to reallocate Rs. 3,010 lakhs originally meant for a women's hospital in Vadodara toward setting up a multi-speciality hospital in Bharuch through a newly incorporated private company, and Rs. 682.50 lakhs earlier earmarked for robotics equipment toward dialysis services in collaboration with Lord's Mark Industries Limited. Additionally, shareholders are asked to approve a voluntary revision of audited financial statements for FY 2021-22, 2022-23, and 2023-24 under Section 131, and the appointment of Mr. Dharmendra Bhaliya as Secretarial Auditor for FY 2025-26. E-voting runs from March 27, 2026 to April 25, 2026, with results to be declared within two working days thereafter.
The reallocation signals a strategic shift in IPO fund deployment toward broader multi-speciality care and dialysis services rather than a women's hospital and robotics, which may affect investor expectations about growth plans. The revision of past financial statements could draw scrutiny but is being done for compliance reasons. Short-term, the stock may see mild volatility around the voting outcome.