Key Event Details

The Board of Directors of Metropolis Quality Solutions Private Limited (MQSPL), a wholly owned subsidiary of Metropolis Healthcare Limited, approved the offer and issuance of Optionally Convertible Redeemable Preference Shares (OCRPS) on August 20, 2026.

Subsidiary Information

  • Name: Metropolis Quality Solutions Private Limited (MQSPL)
  • Incorporation Date: September 15, 2025
  • Current Status: Wholly owned subsidiary
  • Business Status: Yet to commence operations. Consequently, it has not contributed any turnover, revenue, income, or net worth to Metropolis Healthcare Limited during the last financial year.

Transaction Structure

  • Instrument: Optionally Convertible Redeemable Preference Shares (OCRPS)
  • Total Issuance: 10,000 OCRPS
  • Face Value: INR 10 per share
  • Total Issue Size: INR 1,00,000 (Indian Rupees One Lakh)
  • Issue Price: At par

Conversion Terms

  • Conversion Ratio: 1 OCRPS to 1 Equity Share (1:1)
  • Conversion Process: To be executed in tranches
  • Conversion Timeline: The complete conversion process is expected to take up to 6 years, subject to the fulfilment of attached terms and conditions.

Impact on Subsidiary Status

Upon successful subscription and subsequent full conversion of the OCRPS into equity shares, MQSPL will cease to be a wholly-owned subsidiary of Metropolis Healthcare Limited. However, it will continue to remain a subsidiary of the Company.

Allottee Information

  • Name: Dr. Puneet Kumar Nigam
  • Role: Former Chief Quality Officer of Metropolis Healthcare Limited
  • Relationship to Promoter: Does not belong to the Promoter or Promoter Group of the Company.

Regulatory and Compliance Aspects

  • Related Party Transaction: The transaction does not qualify as a related party transaction.
  • SEBI Regulation 37A: The provisions of Regulation 37A of the SEBI Listing Regulations are not applicable to this issuance.
  • Scheme of Arrangement: The transaction is outside the scope of any Scheme of Arrangement.
  • Filing Reference: Made pursuant to SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Financial Impact

The immediate financial impact is an inflow of INR 1,00,000 to MQSPL. The long-term impact on the capital structure of MQSPL and the holding pattern of Metropolis Healthcare Limited is contingent upon the conversion of the OCRPS.