Aashka Hospitals Cancels Proposed Aashka-Rhythm Hospitals Subsidiary Incorporation

Board decided not to incorporate the proposed Aashka–Rhythm Hospitals Private Limited subsidiary, reversing the previously approved incorporation plan. This halts the proposed Aashka–Rhythm strategic expansion before incorporation and reverses a recently announced growth initiative. The filing provides no reason for the decision and does not clarify the status of the separate proposed consolidation of the Rhythm/Cardioplus entities, valuation, funding or implementation timeline.