In compliance with Regulation 30 and Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we regret to inform you about the sad demise of Dr.Thavamani ....
KOVAI · price
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Kovai Medical Center & Hospital Ltd has informed the stock exchange about the unfortunate demise of Dr. Thavamani Devi Palaniswami (DIN: 00012135), Joint Managing Director, on 6 June 2026. She had been on the board as a Director since 29 July 2000 and played a pivotal leadership role in the company's growth. She was also part of the promoter group of the company, and pursuant to Regulation 31A(6)(c) of SEBI LODR, she will cease to be part of the promoter group with effect from the date of her passing. The company has expressed deep condolences and acknowledged her contribution as an irreparable loss. The intimation has been signed by the Company Secretary, R. Ponmanikandan.
This is a significant event for shareholders — a long-serving promoter-director with over 25 years of tenure has passed away, which may create leadership and governance uncertainty in the short term. The stock could see negative sentiment due to promoter-level changes, but the company's operations are unlikely to be immediately affected as hospital businesses typically run on professional management.