Gujarat Kidney And Super Speciality Limited (GKSL) announced a significant strategic move following its Board Meeting on July 9, 2026. The company will acquire a 51% majority stake in Blue Tree Clinics LLC, a polyclinic based in Dubai, UAE, through a Share Purchase Agreement. This acquisition is valued at ₹19.84 crore, payable in two tranches, and is expected to be completed within 50 days. Blue Tree Clinics, established in 2012, offers services including Plastic Surgery, Laser Cosmetic, General Dental, and Chiropractic care. In FY2025, the UAE entity reported a gross revenue of AED 10,538,978 (approximately ₹24.50 crore) and a net profit of AED 31,38,809 (approximately ₹7.25 crore). This expansion into a new geography and service set aims to broaden GKSL's existing business. In addition to the acquisition, the Board of Directors has appointed Mr. (Dr) Paresh Dhoti as an Additional Non-Executive Independent Director, effective from July 9, 2026, for a term of five years, subject to shareholder approval. Dr. Dhoti, with 18 years of independent practice as a Dentist in Vadodara, is not related to any existing directors of GKSL. The company also informed that it will conduct a postal ballot to seek shareholder approval for a variation in the objects of its Initial Public Offering (IPO). Further details regarding this will be filed separately.
