Key Transaction Details

  • Board Approval Date: June 24, 2026
  • Investment Amount: INR equivalent to GBP 589,270 (Great Britain Pounds Sterling Five Hundred Eighty-Nine Thousand Two Hundred Seventy only) as of the remittance date
  • Shares Acquired: 31.75% additional stake in Mayfair We Care Limited, UK
  • Acquisition Method: Share transfer from existing shareholders of Mayfair
  • Current Holding: 60%
  • Post-Transaction Holding: 91.75% of issued share capital
  • Number of Shares: 1,270 ordinary shares

Target Company Details

  • Name: Mayfair We Care Limited, UK ("Mayfair")
  • Business: Health claim and health benefits administration services focused on the global health insurance market
  • Date of Incorporation: October 22, 2015
  • Registration: UK Companies House under Company Number 09836998
  • Financial Performance (as on March 31, 2026):
  • Turnover: INR 410.85 Million
  • Net Profit (After Tax): INR 16.31 Million

Historical Financials (Amount in INR Million)

| Period | Turnover |

| March-24 | 363.69 |

| March-25 | 367.27 |

| March-26 | 410.85 |

Management Changes

  • Nikhil Chopra (currently Chief Business Officer of Medi Assist and Director of Mayfair) appointed as CEO-designate for Mayfair
  • Will take over as CEO upon completion of the acquisition, subject to receipt of all requisite approvals
  • Michail Chopra will transition from CEO of Mayfair to Founder & Strategic Advisor
  • Both appointments effective upon completion of all transaction formalities

Transaction Rationale

  • Aligned with terms and conditions of existing SHA and SPA entered between parties
  • Deepens company's foothold in international markets
  • Consistent with long-term vision of delivering seamless, cross-border health administration
  • Aims to drive greater operational efficiency and capitalize on emerging global opportunities

Regulatory Aspects

  • Related Party Transaction: Yes, Mayfair is an existing subsidiary
  • Transaction Basis: Arm's length basis
  • Governmental Approvals: Not applicable
  • Expected Completion: End of 2nd quarter of FY 2026-27, subject to completion of customary closing formalities

Board Meeting Details

  • Commenced at 02:25 PM
  • Concluded at 02:55 PM

Compliance Information

  • Filed pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
  • Also uploaded on company website at www.mediassist.in