GST department searches Medi Assist subsidiary office in Mumbai

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MEDIASSIST · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+3.6%Reaction day

₹397.75

prior close

₹411.30

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.0%+2.6% vs market

Insurance peers, median of 12sector · industry level+0.1%+3.5% vs sector

On the reaction day the stock moved 2.6 pts more than Nifty Microcap 250 and 3.5 pts more than its Insurance peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.2

10m

-0.4

15m

-0.1

30m

-0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.6+1.0+2.6+0.1+3.5

Next day

+3.7+1.3+2.4+1.0+2.7

+3.1-0.2+3.3+0.1+3.0

+2.1-0.3+2.4+0.1+1.9

+0.5-0.2+0.7+1.1-0.6

-2.5-1.4-1.0+0.8-3.2

-3.0-1.0-2.0+0.5-3.5

15d

-18.1-6.3-11.8-5.5-12.6

-19.8-9.0-10.8-5.7-14.1

-7.0+3.5-10.5-2.9-4.1

-6.8+4.6-11.5-8.0+1.2

UpDownMarket · Nifty Microcap 250Sector · Insurance peers, median of 12Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

The Department of Goods and Services Tax, Maharashtra conducted a search on February 16, 2026, at the Mumbai office of Medi Assist Insurance TPA Private Limited, a material wholly-owned subsidiary. The action was carried out under Section 67 of the Central GST Act, 2017. The company said it is fully cooperating with the authorities and does not anticipate any financial impact at this stage. Business operations of both the company and subsidiary remain unaffected.

Likely market impact

Short-term uncertainty likely, but management says no financial impact and operations continue normally.