Medplus Health Services Limited has informed the Exchange regarding Notice of Postal Ballot by voting through electronic means
MEDPLUS · price
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Awaiting price reaction for this filing.
Medplus Health Services has issued a Postal Ballot notice seeking shareholder approval for material related party transactions with its material subsidiary Optival Health Solutions Private Limited for FY 2026-27 (April 1, 2026 to March 31, 2027). The aggregate transaction value is capped at ₹11,262.20 million (plus applicable taxes), which represents about 18.21% of the company's FY 2024-25 consolidated turnover of ₹61,846.69 million and exceeds the SEBI materiality threshold of ₹6,184.67 million (10% of turnover). Transactions cover purchase/sale of stock-in-trade, brand fees, shared services (IT, HR, logistics), lease and rental arrangements, and other operational items. Optival, a 99.99% direct subsidiary, contributes around 98% of the company's consolidated revenue. Remote e-voting opens on February 25, 2026 and closes on March 26, 2026, with results to be announced by March 28, 2026. Related parties will abstain from voting.
This is largely a procedural approval for routine inter-company operational transactions with the company's main revenue-generating subsidiary. The outcome is likely to be a formality, but public shareholders should note that no independent external valuation was obtained; pricing relies on internal cost-allocation methods and a CFO certification. Voting is restricted such that related parties will abstain, so the resolution's fate rests with public institutional and retail shareholders.