NSEAcquisition1d ago · 17 Sept 2026, 04:40 pm
Acquisition
QMS Medical Allied Services Limited · QMSMEDI
✦ AI Summary▲ PositiveM&A
QMS Medical Allied Services Limited has acquired an additional 24% stake in Saarathi Healthcare Private Limited, a subsidiary, making it a wholly-owned subsidiary. The acquisition is in line with the company's strategic priorities to expand its addressable market in the value-added healthcare business.
Analysis Scores
Earnings Impact6/10
Growth Catalyst8/10
Governance Concern2/10
Regulatory Risk1/10
Balance Sheet Risk5/10
Liquidity Impact9/10
Market Sentiment8/10
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Full Announcement
QMS Medical Allied Services Limited has informed the Exchange about Acquisition by additional stake of 24% in Saarathi Healthcare Private Limited, a Subsidiary of the Company. Pursuant to the said acquisition the Company now holds 100% in Saarathi Healthcare Private Limited
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QMS_17092026164006_SdIntimation.pdf
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Date: September 17, 2026
National Stock Exchange of India Ltd.
Plaza, C 1, Block G,
Bandra - Kurla Complex, Bandra (E),
Mumbai – 400 051, Maharashtra,
India.
Company Symbol: QMSMEDI
ISIN: INE0FMW01018
Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosures
Requirements) Regulations, 2015
Dear Sir/Madam,
Pursuant to provisions of Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements)
Regulations, 2015, we would like to inform you that QMS Medical Allied Services Limited (the Company)
has made further investments by acquiring additional stake of 24% in Saarathi Healthcare Private Limited,
a Subsidiary of the Company.
Pursuant to the said acquisition, QMS Medical Allied Services Limited ("the Company") now holds 100%
equity share capital of Saarathi Healthcare Private Limited and accordingly, Saarathi Healthcare Private
Limited has become a wholly owned subsidiary of the Company.
The details required to be furnished in compliance with Regulation 30 read with Schedule III Part A, Para
A, Point 1 of SEBI Listing Regulations read with SEBI Circular No. HO/49/14/14(7)2025-
CFDPOD2/I/3762/2026 dated January 30, 2026 is enclosed herewith as Annexure A:
The aforesaid information is being made available on the Company's website i.e. https://qmsmas.com/
Kindly take the intimation on record and acknowledge receipt of the same.
Yours truly,
FOR QMS MEDICAL ALLIED SERVICES LIMITED
TORAL BHADRA
COMPANY SECRETARY
MEMBERSHIP NO.: A56927
DATE: SEPTEMBER 17, 2026
PLACE: MUMBAI
CIN: L33309MH2017PLC299748; Email ID: mm@qmsmas.com
“Annexure – A”
Details as required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
read with SEBI Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026.
Sr. Particulars Details
a) Name of the target entity, details in brief such as Name of the Target Company: Saarathi
size, turnover etc. Healthcare Private Limited
Brief Details: The Target Entity is a
subsidiary company of QMS Medical Allied
Services Limited (“the Company”).
The Company has increased its equity
holding from 76% to 100 % (an increase
of 24 %) in the Target Entity.
The total paid-up Equity Share Capital of
Target Entity as of date is Rs. 82.50/- (in
Lakhs) and the turnover of Target Entity
for the financial year ended March 31,
2026, is Rs. 1844.99/- (in Lakhs).
The Company is engaged in the business
of running Disease management, early
diagnosis, screening with POC devices
and otherwise, disease awareness, access
programs across therapy by using digital
tools as well as physical interaction
models. (“Business”)
b) whether the acquisition would fall within related No
party transaction(s) and whether the promoter/
promoter group/ group companies have any
interest in the entity being acquired? If yes, nature
of interest and details thereof and whether the
same is done at “arm’s length”;
c) Industry to which the entity being acquired Healthcare Services
belongs
d) Objects and impact of acquisition (including but In line with our key strategic priorities,
not limited to, disclosure of reasons for acquisition the transaction will further expand QMS
of target entity, if its business is outside the main Medical Allied Services Limited total
line of business of the listed entity) addressable market in the value-added of
Healthcare business.
e) Brief details of any governmental or regulatory Not Applicable
CIN: L33309MH2017PLC299748; Email ID: mm@qmsmas.com
approvals required for the acquisition
f) Indicative period for completion of the acquisition Pursuant to the said acquisition, QMS
Medical Allied Services Limited ("the
Company") now holds 100% equity share
capital of Saarathi Healthcare Private
Limited and accordingly, Saarathi
Healthcare Private Limited has become a
wholly owned subsidiary of the Company.
g) Consideration - whether cash consideration or Cash Consideration
share swap or any other form and details of the
same
h) Cost of acquisition and/or the price at which the 1,98,000 shares at Rs. 14,22,50,000/-
shares are acquired
i) Percentage of shareholding / control acquired and 24% leading to 100% in total
/ or number of shares acquired
j) Brief background about the entity acquired in Saarathi Healthcare Private Limited is
terms of products/line of business acquired, date engaged in the business of running
of incorporation, history of last 3 years turnover, Disease management, early diagnosis,
country in which the acquired entity has presence screening with POC devices and
and any other significant information (in brief) otherwise, disease awareness, access
programs across therapy by using digital
tools as well as physical interaction
models. (“Business”).
The Company was incorporated on
October 21, 2010 is headquartered at
Thane, Maharashtra
Details of last 3 years’ turnover:
2025-2026: 1844.99 Lakhs
2024-2025: 1629.47 Lakhs
2023-2024: 1332.51 Lakhs
CIN: L33309MH2017PLC299748; Email ID: mm@qmsmas.com