Medi Assist Healthcare Services Ltd

Medi Assist Healthcare Services Ltd announced its Board has recommended a final dividend of ₹2 per equity share for FY 2025-26, subject to member approval at the upcoming AGM. The AGM is scheduled for September 24, 2026. The company also detailed the process for tax deduction at source (TDS) on dividend payouts, emphasizing the need for PAN-Aadhaar linking and updated KYC for shareholders, especially those holding shares in physical form. Non-resident shareholders can avail DTAA benefits by providing necessary documentation. The record date for dividend entitlement is September 11, 2026.

Medi Assist Healthcare Services Ltd reported a strong Q1 FY27 with revenue surging 24.1% year-on-year to ₹236.5 Cr. The company highlighted the logical closure of its Paramount integration, the signing of seven AI platform contracts, and the establishment of an international platform. Operating revenue grew to ₹236.5 Cr from ₹190.6 Cr in Q1 FY26. EBITDA stood at ₹48.0 Cr with a margin of 20.3%, and reported PAT was ₹27.6 Cr. The India TPA franchise saw significant growth with PUM up 26.8% and market share increasing to 37.6%. Technology revenue also jumped 55.5% to ₹7.8 Cr, with the AI platform moving into early monetization. The international business, through its subsidiary Mayfair, is transitioning into a structured growth platform with a live deployment in Thailand.

Medi Assist Healthcare Services Ltd has submitted its statement on the utilization of funds raised through a Preferential Issue for the quarter ended June 30, 2026. The company confirms there has been no deviation or variation in the utilization of the ₹1,98,00,35,000 raised. The funds were allocated for investment in its subsidiary, Medi Assist Insurance TPA Pvt. Limited, for debt repayment, and for general corporate purposes, including the acquisition of an additional stake in its UK subsidiary, Mayfair We Care Limited. The statement, reviewed by the Audit Committee and Board, also includes a Monitoring Agency Report from CARE Ratings Limited, which also found no deviation. A minor transaction involving the redemption and transfer of ₹7.5 crore from mutual funds to the company's current account for approved purposes was explained, with debits occurring shortly after the quarter end.

Medi Assist Healthcare Services Ltd has filed a statement confirming no deviation or variation in the utilization of funds raised through a Preferential Issue completed on October 10, 2025. The total amount raised was ₹1,98,00,35,000. For the quarter ended June 30, 2026, ₹153.12 crore was utilized. Of this, ₹148.40 crore was invested in a wholly-owned subsidiary for debt prepayment, and ₹4.72 crore was used for acquiring an additional stake in another subsidiary. The company also clarified that ₹7.5 crore invested in mutual funds was redeemed and transferred to the current account for approved purposes, with transactions completing by July 1, 2026. The statement was reviewed by the Audit Committee and Board on August 08, 2026, and a Monitoring Agency Report from CARE Ratings Limited was also submitted.

Medi Assist Healthcare Services Ltd announced the appointment of Mr. Gaurav Bhatnagar as Senior Managerial Personnel, effective August 08, 2026. This appointment was approved by the Board of Directors based on the recommendation of the Nomination & Remuneration Committee. Mr. Bhatnagar has also joined Medi Assist Insurance TPA Private Limited, a subsidiary, as Chief TPA Officer. He brings over 18 years of global experience in general management and value creation across technology, private equity, e-commerce, and services sectors, with a strong track record in P&L impact, sales strategy, and organizational transformation.

Medi Assist Healthcare Services Ltd has announced its 26th Annual General Meeting (AGM) will be held on Thursday, September 24, 2026, at 10:30 AM IST via Video Conferencing. The company's Board of Directors had previously recommended a final dividend of ₹2 per equity share for the financial year ended March 31, 2026. The record date for determining shareholder entitlement to this dividend has been fixed as Friday, September 11, 2026. If approved by shareholders at the AGM, the final dividend will be paid within 30 days of declaration, subject to applicable taxes.

Medi Assist Healthcare Services Ltd announced a change in the designation of Dr. Vikram Jit Singh Chhatwal from Whole-Time Director to Non-Executive, Non-Independent Director. This change, effective August 8, 2026, is part of the company's strategy to separate the roles of Chairman and executive management, enhancing corporate governance and succession planning. Dr. Chhatwal will continue as Chairman and will cease to be a Key Managerial Personnel. The Board has approved this change, subject to shareholder and other necessary approvals. Dr. Chhatwal brings extensive experience in healthcare and health insurance.

Medi Assist's consolidated PAT rose 22% YoY to ₹27.6 Cr on revenue of ₹236.5 Cr (+24% YoY), but the topline growth is largely inorganic: Paramount TPA was consolidated only from 1 July 2025, so it contributed nothing to the year-ago (Q1FY26) base and a full quarter this time — the like-for-like organic growth rate is materially lower than the headline 24%. Standalone PAT was ₹13.2 Cr on ₹59.0 Cr revenue with EPS ₹1.76; consolidated EPS was ₹3.71 (vs ₹7.33 last quarter, ₹3.18 a year ago). Sequentially, revenue slipped 2.3% and PAT fell 49% from ₹54.5 Cr, but that drop is distorted by a ~₹31.5 Cr one-off deferred-tax credit Q4FY26 booked against the Paramount TPA business-transfer scheme, so the QoQ decline overstates the underlying change. Operating margin (OPM) compressed to 20.3% from 22.1% a year ago — a 175bp YoY squeeze — even as it improved 36bps sequentially from 19.9% last quarter. Net margin held up better, at 11.7% versus 11.4% a year ago, only because the effective tax rate fell to 20.9% from 25.8%; without that tax tailwind, bottom-line growth would have trailed revenue growth more visibly. The quarter also carried a ₹3.1 Cr one-off gain from remeasuring the derivative liability tied to the increased stake in Mayfair We Care, booked in other income. Stripping that out, adjusted PBT is ₹31.8 Cr and adjusted PAT is roughly ₹25.1 Cr — adjusted YoY PAT growth of ~11%, versus 22% reported, a meaningfully softer underlying trend. Management's prior (Q4FY26) commentary pointed to continued quarterly EBITDA margin expansion as Paramount synergies land, expected to complete "within the next one to two quarters." This quarter's sequential OPM uptick is consistent with that, but the YoY compression means the promised expansion hasn't yet shown up against the comparable base, so on the primary year-on-year lens the read is closer to missed than met. No quarter-specific street/consensus estimate could be sourced, so vsStreet is unknown; a management press release commentary was not available at extraction time. Contemporaneous developments include completion of the Mayfair We Care stake increase to 91.75% (effective 1 July 2026, via a two-tranche ₹47.17 mn/₹28.51 mn advance) and the appointment of a new Chief TPA Officer (6 August 2026) — neither has a direct P&L read-through this quarter. The auditors' review carries an unchanged emphasis of matter on the ED search-and-seizure at MAITPA's Jharkhand offices, first flagged in FY26; management maintains there is no adverse impact and made no adjustment.

Medi Assist Healthcare Services Limited announced the outcome of its Board Meeting held on August 08, 2026. The Board approved the unaudited financial results (Standalone and Consolidated) for the quarter ended June 30, 2026. Additionally, the company announced its 26th Annual General Meeting (AGM) scheduled for September 24, 2026, and fixed September 11, 2026, as the record date for a final dividend of ₹2 per equity share for FY25-26. The Board also approved the appointment of Mr. Gaurav Bhatnagar as Senior Managerial Personnel and a change in designation for Dr. Vikram Jit Singh Chhatwal from Whole-Time Director to Non-Executive, Non-Independent Director and Chairman.

Medi Assist Healthcare Services Limited has appointed Gaurav Bhatnagar as its new Chief TPA Officer. Bhatnagar brings over 18 years of experience in commercial operations and scaling businesses across various sectors. In his new role, he will lead Medi Assist's Third-Party Administrator (TPA) business, focusing on operational excellence, enhancing member experience through technology, and strengthening partnerships with insurers and hospitals to drive growth. His appointment is expected to accelerate the company's expansion and improve healthcare administration in India.