We enclose herewith the the Postal ballot Notice for seeking approval of members, to approve the Reappointment of Mr.A.P.Ammasaikutti and Dr.K.Kolandaswamy as Independent Directors of the ....
KOVAI · price
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Kovai Medical Center & Hospital has issued a postal ballot notice seeking shareholder approval to reappoint two Independent Directors for a second five-year term. Mr. A.P. Ammasaikutti (DIN: 00909930) is being reappointed for the period June 3, 2026 to June 2, 2031, while Dr. K. Kolandaswamy (DIN: 06702305) is being reappointed for August 1, 2026 to July 31, 2031. Mr. Ammasaikutti, born in 1949, is above 75 years of age, so a separate special resolution under SEBI Regulation 17(1A) is required for his continuation. The board recommended both reappointments on March 6, 2026, based on the Nomination and Remuneration Committee's recommendation. Remote e-voting runs from March 13, 2026 (9 AM) to April 11, 2026 (5 PM), with results expected by April 15, 2026.
This is a routine governance event with no material impact on the stock price. It ensures continuity on the board and signals that existing independent directors continue to meet eligibility criteria. Shareholders are encouraged to vote via e-voting during the specified window.