Kovai Medical Center & Hospital Ltd — Important, 11-05-2026: Company Update

Kovai Medical Center and Hospital's Board has approved the slump sale of its Allied Health Sciences (AHS) courses division to Dr NGP Research and Educational Trust. This strategic move allows the company to streamline its focus on core medical education and healthcare services, especially given new regulatory requirements for AHS courses. The AHS division contributed a minor 0.29% to the company's FY25 turnover and a negative 0.31% to its net worth. The transaction, considered arm's length despite being with a promoter-related trust, involves a cash consideration of 0.85 Cr. This sale is expected to be completed by November 2026.