Rainbow Childrens Medicare has signed a lease agreement with the Andhra Pradesh Capital Region Development Authority (APCRDA) for 2 acres of land in Amaravati to develop a 250-bed super speciality children's hospital.

Lease agreement details

The agreement spans 60 years, marking a significant long-term commitment to expanding paediatric healthcare infrastructure in Amaravati, the capital region of Andhra Pradesh. The facility is designated as a super speciality children's hospital, reflecting a focused approach to tertiary paediatric care in the region. The company stated that the development will proceed in a phased manner.

The following table summarises the key parameters of the agreement:

Strategic expansion in Amaravati

The lease with APCRDA positions Rainbow Childrens Medicare to establish a dedicated children's healthcare facility in Amaravati. The 250-bed capacity and super speciality designation indicate the hospital is intended to serve complex and critical paediatric cases in the capital region. The inclusion of perinatal care facilities alongside general paediatric services suggests a comprehensive maternal and child health offering.

Rainbow Children's Medicare has appointed Sudarshan Patodia as its Chief Financial Officer (CFO) and Group CFO, effective September 23, 2026.

Leadership appointment details

The Board of Directors approved the appointment pursuant to recommendations from the Nomination and Remuneration Committee and the Audit Committee. Patodia assumes the role of Key Managerial Personnel (KMP) with immediate effect.

Professional background

Sudarshan Patodia is a Chartered Accountant and Gold Medalist with nearly two decades of experience in finance across healthcare, retail, and FMCG sectors. His career trajectory includes significant roles in financial strategy and operations.

Prior to joining Rainbow Children's Medicare, he served as the Chief Financial Officer of New Delhi Centre for Sight Limited. In that role, he was responsible for finance, treasury, investor relations, strategic planning, fundraising, and M&A activities, including acquisition transactions.

Before Centre for Sight, Patodia served as Vice President – Finance at Vishal Mega Mart, where he contributed to business finance, FP&A, investor relations, and the company's IPO journey. He also spent approximately 14 years with ITC Limited in corporate and business finance roles, covering treasury, planning, internal audit, and category finance.

Governance updates

In addition to the leadership change, the Board approved amendments to the Policy on Determination of Materiality of Events / Information. The amended policy is available on the company's website for investor reference.