Summary of Key Information:

Reporting Period (Quarter/Year): Not Applicable

Nature of Filing / Announcement: Outcome of Board Meeting - Investment in subsidiary rights issues

Corporate Actions:

The Board of Directors approved investment in rights issues of three wholly-owned material subsidiary companies:

Time Medical International Ventures (India) Private Limited:

  • Rights issue: 15,603 equity shares at issue price of ₹7,370.25 per share
  • Investment amount: ₹11,50,00,000 (₹11.5 crore)
  • Maintains 100% shareholding
  • Business: Development and manufacture of medical imaging systems including MRI systems
  • Manufacturing facility at Andhra Pradesh MedTech Zone (AMTZ), Visakhapatnam
  • Turnover history:
  • FY 2025-26: ₹5,500.05 lakhs
  • FY 2024-25: ₹8,273.58 lakhs
  • FY 2023-24: ₹2,162.34 lakhs
  • Incorporated: January 10, 2019, India

Flynncare Health Innovations Private Limited:

  • Rights issue: 1,507 equity shares at issue price of ₹82,943.48 per share
  • Investment amount: ₹12,50,00,000 (₹12.5 crore)
  • Maintains 100% shareholding
  • Business: Digital healthcare space providing end-to-end healthcare solutions including Digital Hospital platform, Community Care solutions, and integrated screening and diagnostic solutions
  • Turnover history:
  • FY 2025-26: ₹8,629.26 lakhs
  • FY 2024-25: ₹2,742.46 lakhs
  • Incorporated: July 29, 2024, India

FMV Global Innovation Pte. Ltd.:

  • Rights issue: 53 equity shares at issue price of ₹48,83,552.64 per share
  • Investment amount: ₹26,00,00,000 (₹26 crore)
  • Maintains 100% shareholding
  • Business: Singapore-incorporated company engaged in wholesale, marketing and sale of medical, professional, scientific and precision equipment including medical devices and diagnostic products
  • Turnover history:
  • FY 2025-26: S$22,808,941
  • FY 2024-25: Nil
  • Incorporated: July 1, 2024, Singapore

Other Significant Information:

  • Total investment across three subsidiaries: ₹50 crore
  • All subsidiaries operate in the healthcare sector
  • The company's registered office: Survey No. 480/2 AP Medtech Zone, Nadupura Village, Pedagantyadu Mandal, Visakhapatnam, 530032