Medi Assist Healthcare Services Ltd

Medi Assist Healthcare Services Ltd announced its Board of Directors approved a further investment of GBP 589,270 (approx. INR 6.17 Cr) to acquire an additional 31.75% stake in its UK subsidiary, Mayfair We Care Limited. This acquisition will increase Medi Assist's shareholding in Mayfair from 60% to 91.75%. The transaction is part of an existing Shareholder Agreement and Share Purchase Agreement and aims to deepen the company's international market presence and improve operational efficiency. Mr. Nikhil Chopra will be appointed as CEO-designate of Mayfair upon completion. The acquisition is expected to close by the end of Q2 FY27 and will be funded by proceeds from a preferential allotment.

The Regional Director, South Western Region, Bengaluru, has referred the scheme of amalgamation between International Healthcare Management Services Private Limited and Mayfair Consultancy Services India Private Limited, both wholly-owned subsidiaries of Medi Assist Healthcare Services Ltd, to the Hon’ble National Company Law Tribunal (NCLT), Bengaluru. The company states that this internal restructuring process does not impact its consolidated financial statements. The original intimation regarding the scheme was dated February 06, 2026.

Medi Assist Healthcare Services Ltd reports no deviation or variation in the utilization of funds raised through a preferential issue of ₹198.0035 Cr for the quarter ended March 31, 2026. CARE Ratings Limited, the monitoring agency, also confirmed this. The funds were primarily allocated for investment in Medi Assist Insurance TPA Pvt. Limited and general corporate purposes. The Audit Committee and Board reviewed the statement on May 09, 2026.

Medi Assist Healthcare Services Ltd has appointed M/s. PricewaterhouseCoopers Services LLP as their Internal Auditors for the financial year 2026-2027. The appointment was approved by the Board of Directors on May 09, 2026, based on the recommendation of the Audit Committee. PricewaterhouseCoopers Services LLP is a leading professional services network with a global presence.

Medi Assist Healthcare Services Ltd reports no deviation or variation in the utilization of funds raised through a preferential issue of ₹198.0035 crore for the quarter ended March 31, 2026. CARE Ratings Limited, the monitoring agency, also confirmed this. The funds were primarily used for investment in Medi Assist Insurance TPA Pvt. Limited and general corporate purposes. The Audit Committee and Board reviewed the statement on May 09, 2026.

Medi Assist Healthcare Services Ltd's board approved the audited financial results (standalone and consolidated) for the quarter and financial year ended March 31, 2026. The board recommended a final dividend of ₹2 per equity share (40% of face value of ₹5) for FY26, subject to shareholder approval. PricewaterhouseCoopers Services LLP was appointed as Internal Auditors for FY27. Additionally, certain positions were designated as Senior Managerial Personnel, including Ms. Vinaya Natarajan, Mr. Praveen Samariya, and Mr. Dhruv Rastogi.

Medi Assist Healthcare Services Ltd's board, on May 09, 2026, designated Ms. Vinaya Natarajan (Chief Legal Officer), Mr. Praveen Samariya (Chief Technology Officer), and Mr. Dhruv Rastogi (Chief AI Officer) as Senior Managerial Personnel. This decision follows a review of group-level positions with significant managerial, strategic, and decision-making responsibilities, categorizing them as functional CXOs in accordance with SEBI Listing Regulations. The board meeting concluded at 05:30 p.m. (IST).

The Board of Directors of Medi Assist Healthcare Services Limited approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The audit reports, issued by M/s. MSKA & Associates LLP, have an unmodified opinion. The Board Meeting was held on May 09, 2026, commencing at 02.30 p.m. (IST) and concluding at 05.30 p.m. (IST). The consolidated financial results include the results of several subsidiaries.

Medi Assist Healthcare Services Ltd has scheduled a Board meeting on May 9, 2026, to consider and approve the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The board will also consider and recommend a final dividend for the financial year 2025-26, if any. An earnings call is scheduled for May 11, 2026, to discuss the financial results.

Massachusetts Institute of Technology (MIT) and 238 Plan Associates LLC have collectively crossed the 5% threshold in Medi Assist Healthcare Services Limited, triggering Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. MIT acquired 38,000 shares and 238 Plan acquired 12,000 shares on April 29, 2026. Following the acquisition, MIT holds 3.92% (2,928,830 shares) and 238 Plan holds 1.10% (822,170 shares), bringing their combined holding to 5.02% (3,751,000 shares). The acquisitions were made through open market purchases.