Fischer Medical Ventures Limited has informed the Exchange regarding a press release dated July 24, 2025, titled "Inauguration of Sikkim s First MRI Facility at CGHS Rates at Sir Thutob Namgyal Memorial (STNM) Hospital".
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Awaiting price reaction for this filing.
Fischer Medical Ventures' wholly-owned subsidiary, Time Medical International Ventures (India) Pvt Ltd, has installed a PICA 0.35T Open MRI system at STNM Hospital in Gangtok, Sikkim. The facility was inaugurated in partnership with the Department of Health and Family Welfare, Government of Sikkim, making it the state's first MRI facility offering scans at Central Government Health Scheme (CGHS) rates, which are up to 60% lower than private diagnostic centres. The system is designed for high-altitude use and is expected to serve over 15,000 patients annually. No specific order value, contract size, or revenue impact has been disclosed in the filing.
This is a publicity-driven announcement highlighting a public healthcare initiative rather than a confirmed revenue-generating order. Without disclosed contract value or financial impact, it is unlikely to move the stock on its own, but it strengthens the company's visibility in the government healthcare segment and may support future order flow from state governments.