Medi assist healthcare Services Limited has notified stock exchanges regarding a structural change in its statutory auditor's firm. The company informed the National Stock Exchange of India Limited and BSE Limited on January 29, 2026, about the conversion of its auditing firm from a traditional partnership to a Limited Liability Partnership structure.

Auditor Firm Conversion Details

The company's statutory auditors, MSKA & Associates, Chartered Accountants, have converted their firm into a Limited Liability Partnership under the provisions of the Limited Liability Partnership Act, 2008. Following this conversion, the firm now operates under the name MSKA & Associates LLP, Chartered Accountants.

Continuity of Audit Services

The structural conversion does not impact the ongoing audit engagement with Medi Assist Healthcare Services Limited. MSKA & Associates LLP will continue to function and discharge their obligations as statutory auditors for the remaining period of their tenure. The company has clarified that this conversion does not result in any change to the existing audit engagement terms or responsibilities.

Regulatory Compliance

The notification was addressed to both major stock exchanges where the company is listed. Medi Assist Healthcare Services Limited trades on NSE under the symbol MEDIASSIST and on BSE with scrip code 544088. The company has also committed to uploading this disclosure on its official website at www.mediassist.in as part of its transparency and compliance obligations.

The intimation was signed by Rashmi B V, Company Secretary & Compliance Officer, holding ICSI Membership No. A38729, ensuring proper authorization and compliance with regulatory requirements.

Medi Assist Healthcare Services has announced the approval of a merger scheme between two of its wholly owned subsidiaries. The Board of Directors approved the Scheme of Amalgamation on December 29, 2025, involving Paramount Health Services & Insurance TPA Private Limited and Medi Assist Insurance TPA Private Limited under Section 233 of the Companies Act, 2013.

Merger Details

The amalgamation involves Paramount Health Services & Insurance TPA Private Limited (Paramount TPA), a step-down wholly owned subsidiary, merging with Medi Assist Insurance TPA Private Limited (MAITPA), a wholly owned subsidiary of the company. Both entities operate as Third-Party Administrators providing health administration services to insurance companies.

Financial data as of March 31, 2025

Strategic Rationale

The merger aims to achieve multiple strategic objectives focused on operational efficiency and growth enhancement. The consolidation is expected to enable integrated business operations and provide impetus to the transferee company's activities through seamless access to assets, including intangible assets, licenses, and intellectual properties.

Key anticipated benefits include:

• Streamlined group structure reducing multiplicity of legal and regulatory compliances
• Cost savings through focused operational efforts and rationalization of common resource pools
• Enhanced utilization of infrastructure facilities and financial resources
• Improved cash management and efficient deployment of combined cash flows

Regulatory Compliance and Documentation

The company has filed the necessary intimation under Regulation 30 of SEBI Listing Regulations with both National Stock Exchange of India Limited and BSE Limited. The transaction falls under related party provisions as both companies are subsidiaries within the same group. However, pursuant to Regulation 23(5)(b) of SEBI Listing Regulations 2015, related party transaction provisions do not apply to this scheme.

Additionally, compliance with Section 188 of the Companies Act 2013 requirements is not necessary for this merger, as clarified by Ministry of Corporate Affairs General Circular No. 30/2014.

Financial Structure

No cash consideration is involved in this merger. Upon the scheme becoming effective, the entire share capital of Paramount TPA held by MAITPA will be cancelled and extinguished without requiring surrender or additional documentation. The investment in Paramount TPA shares appearing in MAITPA's books will automatically stand cancelled.

The company has uploaded the complete details on its website www.mediassist.in and formally notified both stock exchanges through proper regulatory channels. This strategic move is aimed at achieving operational synergies between the two subsidiaries, potentially streamlining operations and enhancing efficiency within the Medi Assist Healthcare Services group.