Postal ballot to elevate Dr. Arun N Palaniswami as Joint Managing Director

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KOVAI · price

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Price reactionminutes from the announcement price · days from the prior close

+0.9%Reaction day

₹6018.00

prior close

₹5999.00

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.5%+0.4% vs market

On the reaction day the stock moved 0.4 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Kovai Medical Center (KMCH) seeks shareholder approval via postal ballot to elevate Dr. Arun N Palaniswami (DIN: 02706099) from Executive Director to Joint Managing Director for the remaining tenure till September 2028, effective August 7, 2026. Salary rises from Rs 10 lakh to Rs 11 lakh per month, plus 2 percent net profit commission and perquisites. Dr. Arun is a promoter and son of the Managing Director. E-voting runs August 21 to September 19, 2026.

Likely market impact

Promoter elevated to Joint Managing Director role with higher salary. Routine succession, needs shareholder approval via postal ballot.