Medi Assist Healthcare Services Limited has informed the Exchange regarding Nomination of Independent Director on the Board of Paramount Health Services & Insurance TPA Private Limited, Material Unlisted Step-Down Wholly Owned Subsidiary
MEDIASSIST · price
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Medi Assist reported Q1 FY26 consolidated revenue from operations of Rs. 1,905.58 million, up about 13.6% from Rs. 1,677.06 million a year ago. Consolidated profit after tax rose nearly 19.5% to Rs. 226.31 million, with basic EPS of Rs. 3.18 versus Rs. 2.68 in Q1 FY25. The board approved raising up to Rs. 198.35 crore via preferential allotment of 37.01 lakh equity shares at Rs. 535 each to Massachusetts Institute of Technology and 238 Plan Associates LLC as qualified institutional buyers. The company also completed its 100% acquisition of Paramount Healthcare Services & Insurance TPA (enterprise value Rs. 311.8 crore) on July 1, 2025, with IRDAI approval received in May 2025. Auditors flagged an emphasis of matter regarding an Enforcement Directorate search and seizure at subsidiary MAITPA's Ranchi offices in April 2025, though management sees no adverse impact.
Steady top-line and earnings growth combined with marquee investor MIT committing Rs. 198 crore signals confidence, but the ED investigation at the Jharkhand subsidiary remains an unresolved overhang that investors should monitor closely.