Narayana Hrudayalaya Ltd. has informed the Exchange about Rumour Verification - Regulation 30(11)- Clarification on news articles published in mainstream media
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Narayana Hrudayalaya has clarified news articles about the Shri Mata Vaishno Devi Narayana Superspeciality Hospital (SMVDNSH). The company's wholly owned subsidiary, NVDSHPL, has executed a Business Transfer Agreement with Shri Mata Vaishno Devi Charitable Society to transition the hospital to the Society effective April 1, 2026. NVDSHPL will retain only a supervisory oversight role until 2033. The company stated this is not a new material event but the implementation of an arrangement already disclosed to stock exchanges on March 28, 2025. The rumour verification was filed under SEBI LODR Regulation 30(11) in response to two news articles published on March 26-27, 2026.
No new material information; this is a clarification on a previously disclosed arrangement. Shareholders should note that one hospital operation is being transitioned to the charitable society, with the subsidiary moving to a supervisory-only role, but the financial terms of the BTA are not disclosed in this filing.