Artemis Medicare Services Limited — Important, 15-01-2025: Closure of operations

Management of Artemis Cardiac Care Private Limited, a subsidiary of Artemis Medicare Services Limited, has decided to close its Cardiac Centre in Chennai, effective January 23, 2025. The Chennai unit contributed approximately ₹2.15 crore (0.25%) to the group's turnover of ₹878.57 crore and had a net worth of -₹0.28 crore (0.12%) as of March 31, 2024. The closure is attributed to operational considerations. This development aligns with the company’s strategic focus on optimizing its operational footprint, potentially enhancing overall efficiency. Investors should watch closely for any implications this decision may have on the company’s future financial performance and strategic direction.