Medi Assist Healthcare Services Limited has successfully completed its postal ballot process through remote e-voting, with shareholders approving all five resolutions with requisite majority. The company announced the voting results on February 25, 2026, following the conclusion of the e-voting process on February 24, 2026, at 5.00 p.m. (IST).

Postal Ballot Overview

The postal ballot process was conducted in accordance with Section 110 and 108 of the Companies Act, 2013, and Regulation 44 of the SEBI Listing Regulations. The notice for the postal ballot was dated December 29, 2025, with the cut-off date set as January 16, 2026.

Resolutions Approved

All five resolutions presented to shareholders received overwhelming support, with voting participation of 71.88% of total outstanding shares across all resolutions.

Leadership Re-appointments

Resolution 1 (Special Resolution): Re-appointment of Dr. Ritu Niraj Anand (DIN: 00363699) as Independent Director for a second term from March 15, 2026, to March 14, 2031, received 99.99% approval with 53,518,116 votes in favor.

Resolution 2 (Ordinary Resolution): Re-appointment of Dr. Vikram Jit Singh Chhatwal (DIN: 01606329) as Chairman and Whole-Time Director for five years from March 01, 2026, to February 28, 2031, was approved with 98.64% support.

Resolution 4 (Ordinary Resolution): Re-appointment of Mr. Satish V N Gidugu (DIN: 06643677) as Whole-Time Director and Chief Executive Officer for five years from March 01, 2026, to February 28, 2031, received 99.61% approval.

Remuneration Approvals

Resolution 3 (Special Resolution): Approval of remuneration for Dr. Vikram Jit Singh Chhatwal as Chairman and Whole-Time Director for up to three years from March 01, 2026, was passed with 98.64% votes in favor.

Resolution 5 (Special Resolution): Approval of remuneration for Mr. Satish V N Gidugu as Whole-Time Director and CEO for up to three years from March 01, 2026, received 99.61% support.

Voting Participation Analysis

The voting results demonstrated strong institutional support across all resolutions:

Process and Compliance

The postal ballot was conducted entirely through remote e-voting in compliance with MCA circulars. MUFG Intime India Private Limited served as the e-voting service provider, while BMP & Co. LLP acted as the scrutinizer. The scrutinizer's report was submitted on February 25, 2026, confirming that all resolutions were passed with requisite majority.

Biswajit Ghosh, Partner of BMP & Co. LLP, served as the appointed scrutinizer and confirmed the voting process was conducted in a fair and transparent manner. The voting data was downloaded from the e-voting portal on February 24, 2026, at 5:07 P.M. (IST) in the presence of two witnesses.

The voting results and scrutinizer's report have been uploaded on the company's website at www.mediassist.in and the registrar's website. The resolutions are deemed to have been approved on February 24, 2026, the last date of e-voting, ensuring continuity in the company's leadership and governance structure.

Medi Assist Healthcare Services Limited has disclosed to stock exchanges that the Department of Goods and Services Tax, Maharashtra has initiated a search operation at the Mumbai office of its material wholly-owned subsidiary, Medi Assist Insurance TPA Private Limited.

Search Operation Details

The GST department conducted the search operation on February 16, 2026, under Section 67 of the Central Goods and Service Tax Act, 2017. The proceedings are currently ongoing, with the subsidiary cooperating fully with the department's investigation.

Company's Response and Impact Assessment

Medi Assist Healthcare Services has stated that it does not anticipate any impact on the financials of either the parent company or the subsidiary at this stage. The company emphasized that business operations of both entities remain unaffected despite the ongoing search proceedings.

The subsidiary, Medi Assist Insurance TPA Private Limited, is described as a material wholly-owned subsidiary of the listed entity and is providing full cooperation to the GST department during the investigation.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company filed the intimation on February 17, 2026, through its Company Secretary and Compliance Officer, Rashmi B V.

Current Status

As per the company's disclosure, no specific violations or contraventions have been detailed at this stage, and no quantifiable monetary impact has been identified. The search operation represents a routine regulatory action by the GST authorities, with the company maintaining transparency through timely disclosure to stakeholders.