Change in Director / Key Managerial Personnel

Nature of change: Change in designation from Whole-time Director to Non-Executive, Non-Independent Director and Chairman

Name and DIN: Dr. Vikram Jit Singh Chhatwal (DIN: 01606329)

Effective date: Close of business hours on August 08, 2026

Tenure: Liable to retire by rotation (as Non-Executive Director)

Brief profile and qualifications: Dr. Chhatwal is a healthcare visionary with a rare convergence of clinical excellence, research acumen, and global management insight. His qualifications include:

  • Bachelor's degree in Medicine and Surgery from Jawaharlal Nehru Medical College
  • Doctor of Philosophy from the National University of Singapore
  • Master's Degree in Business Administration in International Management from École Nationale des Ponts et Chaussées, Paris
  • Post-Graduate diploma in Public Health Administration from the Institute of Healthcare Administration, Chennai

Professional experience: Before Medi Assist, Dr. Chhatwal held leadership positions including CEO of Reliance Health and CEO of Apollo Health Street (part of Apollo Hospitals Group), where he helped drive transformative initiatives in healthcare delivery and administration.

Compliance confirmation: Dr. Chhatwal is not debarred from holding the office of Director pursuant to any SEBI Order or any other statutory authority.

Relationship with other directors: None disclosed

Key Managerial Personnel status: Dr. Chhatwal shall cease to be a Key Managerial Personnel of the Company effective August 08, 2026

Key Financial or Operational Approvals

The Board of Directors approved the change in designation based on the recommendation of the Nomination and Remuneration Committee. The approval is subject to:

  • Approval of the members of the Company
  • Such other approvals as may be required

Strategic or Business Context

The Board considered separation of the roles of Chairman and executive management to better align the Company's:

  • Governance framework
  • Board leadership
  • Succession planning

Any Other Material Information

Board meeting details: Commenced at 1.45 p.m. (IST) and concluded at 3.00 p.m. (IST) on August 08, 2026

Regulatory compliance: Disclosure made pursuant to Regulation 30 of SEBI Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026

Website disclosure: The information will be uploaded on the company website at www.mediassist.in