Medi Assist Healthcare Services Limited has informed the Exchange regarding Notice of Postal Ballot
MEDIASSIST · price
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Medi Assist Healthcare Services has issued a postal ballot notice seeking shareholder approval for the appointment of Ms. Sunita Rebecca Cherian (DIN: 10188170) as a Non-Executive, Non-Independent Director, liable to retire by rotation. She was initially appointed as an Additional Director with effect from February 6, 2026, and is now being regularised through this Ordinary Resolution. Ms. Cherian brings nearly three decades of HR and culture leadership experience, most recently serving as Chief Culture Officer & SVP - Corporate HR at Wipro Limited, and joins as the third woman on the company's board. She will receive sitting fees for board/committee meetings and commission capped within the overall 1% of net profits limit for non-executive directors under Section 198 of the Companies Act. Remote e-voting opens on March 28, 2026 at 9:00 AM and closes on April 26, 2026 at 5:00 PM, with results to be announced by April 28, 2026.
This is a routine governance action and an Ordinary Resolution requiring only a simple majority, making approval highly likely. The appointment strengthens board diversity and adds senior HR and culture expertise, but as a non-executive role it has limited direct operational impact. No material effect on financials or stock price is expected from this announcement.