I have attended the AGM, there is not much information shared by the mgmt. during the AGM. In fact Mr Viswanath K didn't give any business update. The CS read out the resolutions and some Q&A, the meeting is closed.
However I caught hold of CS after the meeting he gave some updates.
They are adding 150 more beds to cater to Arogyasree patients in another block. this will take the total beds to 700 by end of this year.
Last month they clocked 5 cr sales, highest ever. need 8 cr to break even. currently running at 10-15% utilization
Its a big call to go for 5k beds by 2020. very very unlikely , they would watch how this hospital stabilizes.
Overall I didn't get a good feel after the AGM and the discussions with CS was even more uncomfortable.
I sold my tracking qty after the meeting