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| Exchange Received Time 05/04/2018 22:02:08 Exchange Disseminated Time 05/04/2018 22:02:14 Time Taken 00:00:06 | This is with reference to our letter dated April 2, 2018 titled Submission of Postal Ballot Notice ('Notice') & Form as prescribed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. In this regard, we would like to confirm that the said Notice is for seeking approval of the shareholders for acquisition of the assets of RHT Health Trust and regularization of appointment of Lt. Gen. Tejinder Singh Shergill as an independent director only (Postal Ballot 1). The voting on the same commenced on April 3, 2018 and will close on May 4, 2018 and the result thereof will be declared on May 5, 2018. Please find attached herewith the said letter as Appendix I for your ready reference.
Further, it is also informed that the Board of Directors at its meeting held on March 27, 2018, inter-alia approved the demerger of the hospital business of the Company to that of Manipal. A detailed disclosure in this regard was made on the same date (Refer Appendix II). The Company is in process of preparing a separate notice to be sent to the shareholders in this regard and the same will be disseminated in due course post completion of the related administrative and logistical activities (viz. printing, dispatch, etc.) (Postal Ballot 2).
We hereby confirm that the voting and results of Postal Ballot 1 are completely independent to the proposed Postal Ballot 2. To re-emphasis that the voting on Postal Ballot 2 shall be asked from shareholders separately in due course.
This letter is being issued for the information of the shareholders basis queries received from them.
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