Medi Assist Healthcare Services Ltd

Medi Assist Healthcare Services Limited: Trading window closed from October 01, 2026 till the end of 48 (forty eight) hours after the declaration of unaudited financial results of the Company for the quarter and half year ending September 30, 2026.

AGM Details & Outcome

• 26th AGM held on 24 September 2026 at 10:30 IST via video conferencing.
• The item in the AGM Notice was transacted and passed by shareholders with requisite majority.
• Voting results and Scrutinizer's Report published on company and MUFG Intime India websites.

AGM Details

• Date and time: Sep 24, 2026 at 10:30 IST.
• Mode: video conferencing / other audio-visual means.
• Duration: 10:30 to 11:17 IST.
• E-voting window: Sep 21–23, 2026.
• Cut-off for voting: Sep 17, 2026.

Resolutions

• Ordinary: adopt Audited Financial Statements (standalone and consolidated) for FY 2025-26.
• Ordinary: declare final dividend for FY 2025-26.
• Ordinary: re-appoint Sunita Rebecca Cherian, retires by rotation.
• Ordinary: approve payment of commission to Non-Executive Directors.
• Ordinary: change Vikram Jit Singh Chhatwal to Non-Executive, Non-Independent Director.

Voting status

• Voting results to be disclosed by Sept 28, 2026 on exchanges and company site.

Additional notes

• Quorum confirmed; meeting held via VC; no auditor qualifications reported.

AGM notice and access to annual report

• 26th AGM scheduled Sept 24, 2026 at 10:30 IST via VC/OAVM.
• Notice and Annual Report sent electronically to shareholders with registered emails.
• Unregistered-email shareholders can access Notice and Annual Report via web links or QR code.
• Documents also available on BSE and NSE websites.

Dividend and e-voting details

• Record date for final dividend: Sep 11, 2026.
• E-voting start: Sep 21, 2026; end: Sep 23, 2026.
• Dividend rate: Rs 2 per equity share of Rs 5 face value.
• Dividend payout date: on or before Oct 23, 2026.
• Electronic access and e-voting procedures to be shared per circulars.

Financial performance

• Total income rose to ₹9,232.44 million (FY26, consolidated).
• Revenue from operations ₹9,047.67 million (FY26, consolidated).
• EBITDA ₹1,746.07 million (FY26, consolidated).
• PAT from continuing operations ₹893.11 million (Standalone).
• Basic EPS ₹12.14 (FY26).

Capital structure & liquidity

• Debt-free balance sheet achieved in Jan 2026.
• Final dividend proposed ₹2 per share (40%).
• Raised ₹1,980 million via private placement; used per approval.
• Paid-up equity capital increased to ₹373.05 million via preferential issue.
• Free cash ₹2,605 million at year-end.

Financial Performance

• Total income for Q1 FY27: INR 247 crores; up 24.9% YoY.
• Operating revenue: INR 236.5 crores.
• Group revenue: INR 166 crores; 70.2% of total; +25.5% YoY.
• Retail revenue: INR 23.4 crores; +13.1% YoY.
• Government revenue: INR 28.5 crores; +35.3% YoY.
• International revenue: INR 10.1 crores; -5.2% YoY.
• Technology SaaS revenue: INR 7.8 crores; +55.5% YoY.
• EBITDA (operating): INR 48 crores; margin 20.3% on operating revenue.
• PAT (reported): INR 27.6 crores; includes onetime derivative gain of INR 3.1 crores.
• Adjusted PAT: INR 24.5 crores.
• Free cash: INR 245.5 crores; Net worth: INR 884.1 crores.
• Contract liabilities: INR 337.4 crores; Debt-free status maintained.
• Revenue per average headcount (non-government): INR 13.2 lakhs annualized.
• Technology contribution to revenue: 3.3% of consolidated revenue.
• MAtrix/MAv en/MAgnum: 7 insurers contracted across stacks.
• MAtrix claims migration: >95% group claims; >80% retail claims migrated by end-Q1.

Operating Update

• India TPA: group revenues +25.5% YoY; premiums +29.5% YoY; market share 37.6%.
• Retail TPA: retail revenue +13.1% YoY.
• Government service to over 31 crores members across 12 states and 4 UTs.
• International business: first Thailand deployment live 1 July 2026; Mayfair ownership at 91.75%.
• Technology stacks deployed outside Medi Assist; seven insurers contracted across MAven, Matrix, Magnum.
• TPA platform metrics: 186,000 pre-authorizations within 5 minutes in Q1; Raksha Prime 0-wait discharge for 87,000 members.

Projects and Capex

• AI stack investments: INR 24.5 crores over last 6 quarters.
• In-house AI solutions: IDP, MAtrix, Magnum; MAven Guard fraud engine delivering savings.
• Matrix implementation: >90% completed; >95% group and >80% retail claims migrated by end-Q1.
• Mayfair stake increased to 91.75%; Nikhil Chopra to lead international business.
• Thailand deployment milestone; first live contract; ongoing global pipeline.

Guidance and Outlook

• Return to 23% EBITDA margin by end-FY27; after Paramount integration completes in next quarter.
• Technology investments to translate into operating leverage over time; pipeline remains robust.
• Q1 softness in student, leisure and marine volumes expected to rebound as projects kick in.

Q&A Highlights

• Execution priorities: transform India TPA to leaner, expand technology platform, grow international business.
• Paramount integration: 330 bps margin uplift in last 4 quarters; remaining deployment completes in about one quarter.
• Government segment: margin accretive; collections deemed safe; DSOs improving across consolidated base.
• Same-store growth: ~7–8%; retention ~90%; new business adds; seasonality affects pace.
• NPS Swasthya: potential platform revenues; plan to extend to substantial NPS membership.
• Insurer pushback: varies; conversations/POCs with about half the insurers; core integration takes time.
• PSU health market: industry growth ~14%; Medi Assist share of wallet improved.

AGM & Dividend Update

• 26th AGM scheduled Sept 24, 2026 via VC/OAVM; notice to be circulated.
• Record Date fixed at Sept 11, 2026 for entitlement to the final dividend.
• Final dividend of Rs 2 per equity share (face value Rs 5) for FY2025-26, subject to approval.
• Dividend payment will be made within 30 days after AGM via electronic transfer.
• Shareholders must update PAN, Aadhaar-linked details, bank accounts, and KYC to receive payout.
• SEBI circular requires electronic payments for demat, physical holdings to update KYC by Sept 11, 2026.
• TDS on dividends: 10% for resident with PAN; 20% if PAN/Aadhaar not linked.
• Non-residents: 20% withholding, unless DTAA benefits or Section 395 certificate provided.
• Cut-off date Sept 11, 2026 to submit DTAA, TRC, Form 41, and related declarations.
• Documents to be uploaded to MUFG Intime RTA; Form ISR-1 for physical holders.

Meeting Details

• Date of earnings call: August 10, 2026.
• Type and mode: group virtual earnings call (audio recording).
• Event/organiser: Medi Assist Healthcare Services Limited.
• Purpose: discuss unaudited standalone and consolidated results for quarter ended June 30, 2026.
• Availability: audio recording available on company website.