Medplus Health Services Ltd holds 20th AGM, announces appointments of new Independent Directors and CEO re-appointment

Medplus Health Services Ltd holds 20th AGM, announces appointments of new Independent Directors and CEO re-appointment​

Medplus Health Services Limited announced details for its 20th Annual General Meeting (AGM) scheduled for Monday, August 17, 2026. The meeting will be held via Video Conferencing (VC)/Other Audio Visual Means (OAVM).

The AGM is set to transact several key business matters, including the adoption of the Audited Standalone and Consolidated Financial Statements for the Financial Year ended March 31, 2026. A significant part of the agenda involves appointing new Independent Directors and confirming the re-appointment of Mr. Gangadi Madhukar Reddy as Managing Director & CEO.

Key Appointments at the AGM​

The Special Business segment of the AGM includes the appointment of two individuals to the Board as Independent Directors, alongside the re-appointment of a director to the MD and CEO position.

Mr. Mohan Krishna Reddy (DIN: 00093185) and Mr. Ajit Pandurang Rangnekar (DIN: 01676516) are proposed for appointment as Independent Directors. These appointments follow recommendations from the Nomination and Remuneration Committee (NRC) of the company.

The Explanatory Statement provided with the notice detailed the qualifications of both appointees, noting Mr. Mohan Krishna Reddy’s three decades of experience across diverse sectors, and Mr. Ajit Pandurang Rangnekar's over 50 years of distinguished experience in manufacturing, services, and trading, including international exposure.

Re-appointment of MD & CEO​

The AGM will address the re-appointment of Mr. Gangadi Madhukar Reddy (DIN: 00098097) as Managing Director & CEO.

Mr. Gangadi Madhukar Reddy, who has been associated with Medplus Health Services Ltd for over nineteen years, was recommended by the NRC and the Board due to his leadership in strategic expansion and operational excellence. Under his re-appointment terms, consolidated remuneration is set not exceeding C 4.00 million per year.

Ordinary Business Matters​

Under the Ordinary Business agenda, members are required to receive and consider the Audited Standalone and Consolidated Financial Statements of the Company for the specified financial year. Furthermore, the meeting includes appointing a Director in place of Dr. Cherukupalli Bhaskar Reddy (DIN: 00926550), who retires by rotation.

The AGM will also include a resolution to ratify the remuneration of Cost Accountants (Firm Registration No.: 000413) for the financial year 2026-27, based on the recommendation of the Audit Committee.

Meeting Details and Availability​

Details regarding the 20th AGM, including agenda items and explanatory statements, are available on the company's website (www.medplusindia.com), as well as on the websites of BSE Limited and National Stock Exchange of India Ltd.

MEDPLUS Stock Price Movement​

Medplus Health Services Limited finished the trading session in gains, closing at ₹715.2 after climbing 3.50% today. The stock demonstrated significant intraday volatility throughout the day, touching a low of ₹689.25 before reaching an upper boundary near ₹722.9.