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Chennai Meenakshi Multispeciality Hospital Ltd.

BSE: 523489 Sector: Health care
NSE: N.A. ISIN Code: INE889F01017
BSE LIVE 15:14 | 07 Dec 13.50 -0.60
(-4.26%)
OPEN

13.50

HIGH

13.50

LOW

13.50

NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 13.50
PREVIOUS CLOSE 14.10
VOLUME 485
52-Week high 17.88
52-Week low 9.98
P/E
Mkt Cap.(Rs cr) 10.08
Buy Price 13.50
Buy Qty 115.00
Sell Price 13.75
Sell Qty 30.00
OPEN 13.50
CLOSE 14.10
VOLUME 485
52-Week high 17.88
52-Week low 9.98
P/E
Mkt Cap.(Rs cr) 10.08
Buy Price 13.50
Buy Qty 115.00
Sell Price 13.75
Sell Qty 30.00

Chennai Meenakshi Multispeciality Hospital Ltd. (CHENNAIMEENA) - Chairman Speech

Company chairman speech

DEVAKI HOSPITAL LIMITED ANNUAL REPORT 2005-2006 CHAIRMAN'S REPORT Dear Shareholders, We extend our warm greeting to you all on behalf of the Board. We are pleased to inform you that your company is making slow but steady progress. However, due to persistent legal problems, the company could not do much on expansion. It maybe recalled that the company obtained your approval for issue of 63,20,000 equity share warrants to strategic investors including the present promoters at a premium of Rs. 12.25 per warrant which would be convertible within 18 months from the date of allotment. The aim of the issue was to expand and modernize the hospital. But due to an application filed against the proposal in the court of law by one of the shareholders, the same was not pursued. We hereby inform you that one of the buildings occupied by the hospital, owned by the founder promoters' family was sold by the former Managing Director Ms. Chitra Chockalingam to Mr. A.N. Radhakrishnan. Having bought the building, he wished to take over the hospital and expand it in a big way. Your present Board felt that it is in the interest of the hospital, employees, and above all the shareholders of the company that the company be taken over by him. The Management is grateful to our Consultants, clients, and our loyal employees who stood by us at all turbulent times in the history of the company without which it would not have been possible to bring back the company to life and make it progress. Last but not least, we are grateful to the shareholders for their co- operation and support which they have reposed on this new team of management. Thank You, DR. A. RATHNASABAPATHY CHAIRMAN

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