Company Profile

Shalby’s Step-down subsidiary -- Shalby Advanced Technologies, Inc., USA has incorporated its Wholly-Owned Subsidiary in India under the name and style of ‘Shalby Advanced Technologies India’ on April 11, 2024. The objects of SAT-India inter-alia includes to dealing in all kinds of medical implants, orthopedic implants, surgical instruments, medical devices, to develop product design through innovation, research and development, improvement in existing product design, to provide consultancy service in medical field relating to design, quality of various products, importing, out licensing, in licensing, outsourcing, insourcing, marketing, selling services related to healthcare sector.

Shalby is a chain of Multi-specialty tertiary care hospitals based out of Ahmedabad. It has combined bed strength of more than 700 beds with its multispecialty hospitals across Gujarat and Goa.

Pursuant to Regulation 7 (3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Shalby has confirmed that activities in relation to both physical and electronic share transfer facility for year ended March 31, 2024 are maintained by the Company’s Registrar and Share Transfer Agent, KFin Technologies, a SEBI approved category-I, Registrar & Transfer Agent, registered with Securities and Exchange Board of India (SEBI Registration Number: INR000000221). The company has submitted compliance certificate for year ended March 31, 2024 in compliance of Regulation 7(2) of SEBI (Listing Obligations and Disclosure Requirement), Regulations 2015 duly signed by KFin Technologies - its Registrar and Share Transfer Agent and the Company Secretary & Compliance Officer of the Company.

The above information is a part of company’s filings submitted to BSE.

Shalby has entered into Term Loan Agreement to avail the Term Loan facility amounting to Rs 100 crore from Bajaj Finance for acquisition of 100% Equity shares of Healers Hospital and General Corporate Purpose.

The company is all set to acquire 100% equity stake in Healers Hospital for a consideration of around Rs 104 crore. This equity stake will be acquired within a period of one month, through secondary buy-outs.  

This investment is in continuation with Shalby’s strategy to consolidate asset base for its recent acquisition of Sanar International Hospital (P K Healthcare) at Gurugram. Sanar International Hospital is currently operating under leased land held by Healers Hospital.

Shalby is a chain of Multi-specialty tertiary care hospitals based out of Ahmedabad. It has combined bed strength of more than 700 beds with its multispecialty hospitals across Gujarat and Goa.

Shalby is all set to acquire 100% equity stake in Healers Hospital for a consideration of around Rs 104 crore. This equity stake will be acquired within a period of one month, through secondary buy-outs.  

This investment is in continuation with Shalby’s strategy to consolidate asset base for its recent acquisition of Sanar International Hospital (P K Healthcare) at Gurugram. Sanar International Hospital is currently operating under leased land held by Healers Hospital.

With this acquisition, Shalby has changed its business model from Leased model to owned model for its recent acquisition of Sanar International Hospital in January 2024.  With this acquisition, Shalby will unlock the consolidated profitability of the group to the tune of leased rentals expense, ensure the lifelong continuity of Sanar Hospital at owned land model and also unlock the future value of asset being present at a prime location i.e. Golf Course Road, Gurugram.  

Shalby is a chain of Multi-specialty tertiary care hospitals based out of Ahmedabad. It has combined bed strength of more than 700 beds with its multispecialty hospitals across Gujarat and Goa.