Summary of 16th AGM Proceedings Held on September 29, 2026

16th AGM held Sept 29, 2026 via video conferencing.

Tue 29 Sep 2026

Revenue FY26

₹10,336 crores, up 25.4% YoY

Operating EBITDA FY26

₹2,644 crores at 25.6% margin

Profit FY26

₹917 crores

Inpatient Volumes

5.27 Lakhs (up from 4.39 Lakhs)

Hospital Network

49 hospitals with over 13,000 licensed beds across 14 States

What happened

The 16th Annual General Meeting was held on Tuesday, September 29, 2026 at 11:00 A.M. through video conferencing, with the registered office in Bengaluru as the deemed venue. Proceedings concluded at 12:08 P.M. The Statutory Auditors' Report on the financial statements for the year ended March 31, 2026 contained no qualifications, reservations, adverse remarks or disclaimers.

FY 2025-26 highlights shared by the Chairman

• Revenue from operations increased by 25.4% to ₹10,336 crores, compared with ₹8,242 crores in the previous financial year.
• Operating EBITDA of ₹2,644 crores, with an EBITDA margin of 25.6%.
• Profit for the year of ₹917 crores.
• Inpatient volumes rose from 4.39 Lakhs to 5.27 Lakhs; outpatient volumes rose from 47.17 Lakhs to 54.83 Lakhs.
• Average Length of Stay improved to 2.8 days from 2.9 days.
• High-acuity CONGO-R specialties contributed 64.3% of gross inpatient revenue.
• Acquisition of Sahyadri Hospitals Private Limited in Maharashtra added 10 hospitals and 1,606 licensed beds; two greenfield facilities at Kanakapura Road and Yelahanka in Bengaluru were operationalised.
• As of March 31, 2026, the Company operated 49 hospitals with over 13,000 licensed beds across 14 States and Union Territories, serving over 76.30 lakh patients during the year.

The year also marked the Company's Initial Public Offering and listing of its equity shares on NSE and BSE.

Resolutions placed before members

• Adoption of audited standalone and consolidated financial statements for FY ended March 31, 2026.
• Re-appointment of Dr. Hebri Sudarshan Ballal and Mr. Puneet Bhatia, directors retiring by rotation.
• Appointment of Price Waterhouse Chartered Accountants LLP as Statutory Auditors for 5 consecutive years, from the 16th AGM until the 21st AGM, and their remuneration.
• Ratification of remuneration to Rao, Murthy & Associates, Cost Auditors, for FY 2026-27.
• Appointment of BMP & Co. LLP as Secretarial Auditors for 5 consecutive years.
• Approval and ratification of the Manipal Health Enterprises Employee Stock Option Plan 2024, and extension of its benefits to employees of subsidiaries and group companies.
• Approval of the Upside Sharing Arrangement under the Upside Sharing Agreement dated March 16, 2026 between Manipal Research & Management Services International and TPG SG Magazine Pte. Ltd.
• Amendments to the Articles of Association granting special rights of nomination/appointment of Directors and Executive Committee members to the Temasek Group and the MGHS Group.
• Fixation of Dr. Ranjan Ramdas Pai's term as Non-Executive Director for 5 consecutive years from March 04, 2026 to March 03, 2031, not liable to retire by rotation.

What to watch

Remote e-voting ran from September 26 to September 28, 2026, and e-voting stayed open 30 minutes after the meeting. The Scrutinizer's consolidated report and the aggregated voting results will be disseminated to the stock exchanges and posted on the Company's website and NSDL within the prescribed timelines.

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