Medi Assist Healthcare Services Limited has received regulatory approval from both major Indian stock exchanges for reclassifying certain promoter entities to public category. The company announced on April 2, 2026, that it has obtained no-objection letters from the National Stock Exchange of India Limited and BSE Limited for the reclassification under Regulation 31A of SEBI LODR Regulations, 2015.

Regulatory Approval Details

Both exchanges issued their no-objection letters on April 2, 2026. NSE provided its approval through letter reference NSE/LIST/COMP/MEDIASSIST/572/2026-2027, while BSE issued its consent via letter number LIST/COMP/HG/005/2026-27. The approvals were granted based on the company's application dated February 10, 2026.

Entities Subject to Reclassification

The reclassification involves six entities moving from promoter and promoter group status to public category:

Regulatory Framework and Compliance

The reclassification is being conducted under Regulation 31A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation provides the framework for reclassifying promoters and promoter group entities to public category under specific circumstances.

Both exchanges have emphasized that Medi Assist Healthcare Services must ensure compliance with subsequent relevant disclosures of material events related to this reclassification. The company is required to adhere to all applicable provisions of Regulation 31A of SEBI LODR Regulations, 2015.

Previous Communications

This development follows the company's earlier intimations to the exchanges dated January 9, 2026, February 6, 2026, and February 11, 2026. The formal application for reclassification was submitted on February 10, 2026, leading to the current approval from both exchanges.

The company has confirmed that this information will be made available on its website at www.mediassist.in as part of its disclosure obligations. The no-objection letters from both exchanges have been attached to the company's regulatory filing for stakeholder reference.

Medi Assist Healthcare Services Limited has completed the dispatch of its postal ballot notice and published mandatory newspaper advertisements regarding the director appointment proposal. The healthcare services company announced the completion of dispatch on March 28, 2026, following the initial notice issued on March 27, 2026.

Postal Ballot Process Update

The company has fulfilled regulatory requirements by publishing newspaper advertisements in Business Line (English) and Navshakti (Marathi) newspapers on March 28, 2026. These advertisements confirm the completion of postal ballot notice dispatch and provide essential e-voting information to shareholders.

Director Appointment Proposal

The postal ballot seeks approval for the appointment of Ms. Sunita Rebecca Cherian (DIN: 10188170) as a Non-Executive, Non-Independent Director of the company. Ms. Cherian was initially appointed as an Additional Director by the Board of Directors on February 06, 2026, based on the recommendation of the Nomination and Remuneration Committee.

Professional Background

Ms. Cherian brings extensive experience in human resources and organizational leadership to the board. She previously served as Chief Culture Officer & Senior Vice President – Corporate Human Resources at Wipro Limited, where she was a member of the Wipro Executive Committee.

Regulatory Compliance and Documentation

The company has ensured full compliance with regulatory requirements under Regulation 30 and Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The newspaper advertisements and postal ballot notice have been uploaded on the company's website at www.mediassist.in .

Voting Process and Support

The company has engaged MUFG Intime India Private Limited (formerly Link Intime India Private Limited) as the Registrar and Transfer Agent to provide remote e-voting facilities. The scrutinizers appointed for the postal ballot process are Mr. Pramod S M (Membership No.: F7834, COP No.: 13784) and Mr. Biswajit Ghosh (Membership No.: F8750, COP No.: 8239) from M/s. BMP & Co. LLP.

Shareholders can contact the support team for any grievances or clarifications regarding the e-voting process. The company has provided multiple contact channels including email support at enotices@intime.mufg.com and telephone support at 8108116767.

Strategic Significance

Ms. Cherian's appointment marks a positive step in the company's commitment to inclusive governance, as she will serve as the third woman director on the board, further strengthening gender diversity in leadership. Her expertise spans multiple critical areas including people management, organizational design, talent sustainability, and diversity & inclusion initiatives.

The Board of Directors and Nomination and Remuneration Committee believe Ms. Cherian's appointment will bring significant strategic value to the company through her extensive experience in leadership development, business strategy, and organizational transformation.