Acquisition

6 November 2026 BSE Limited The National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai 400001, Bandra (East), Mumbai 400051, Maharashtra, India Maharashtra, India Scrip Code: 540975 Scrip Symbol: ASTERDM Dear Sir / Madam, Subject: Outcome of Board Meeting held on 6 November 2026 Ref: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) With reference to the above-captioned subject, we wish to inform you that the Board of Directors of Aster DM Quality Care Limited (“the Board” and “the Company”, respectively) at its meeting held today i.e. 6 November 2026, inter alia, has approved: 1. conversion of a pre-existing loan of INR 102.46 Cr extended by the Company to Sri Sainatha Multispeciality Hospitals Private Limited (“Sri Saintha”), a wholly owned subsidiary Company, into equity shares, as part of internal capital restructuring, pursuant to which Sri Sainatha will issue 10,24,62,779 equity shares of face value of INR 10/- (Rupees ten only) to the Company. The transaction does not have any impact on the ownership or control of the subsidiary. The details as required under Regulation 30 of the Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, are provided as Annexure I. 2. seeking approval of shareholders for special business through Postal Ballot and Notice of Postal Ballot. The Notice of Postal Ballot will be sent to the shareholders and stock exchanges in due course. 3. termination/closure of the Operation & Management Services Agreement dated 4 March 2016, as amended and extended from time to time (“O&M Agreement”), and the Medical Services Agreement dated 1 April 2026 (“MSA”), entered into with DM Education and Research Foundation (“DMERF”), and consequent cessation of operations undertaken by the Company pursuant to the said agreements The termination is proposed to be effected by mutual consent of the parties, subject to execution of necessary termination/closure documents and settlement of the respective rights, obligations and outstanding dues between the parties. Aster DM Quality Care Limited (Formerly Aster DM Healthcare Ltd.) Registered Office: No 7-1-450/20, Plot No-04, Mythri Vihar, Sanjeev CIN: L85110TS2008PLC207383 Reddy Nagar, Ameerpet, Hyderabad, Telangana, India, 500038 Telephone: +91 96060 61833 E-mail: cs@asterqualitycare.com Corporate Office: Brigade Deccan Heights 20th & 12th Floor, Website: www.asterqualitycare.com #42, 5th Mile, Tumkur Rd, Yeshwanthpur Industrial Area, Phase 1, Yeshwanthpur, Bengaluru-560022 The details as required under Regulation 30 of the Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, are provided as Annexure II. The Meeting of the Board of Directors commenced at 01:35 PM (IST) and concluded at 04:45 PM (IST). This intimation is also being hosted on the website of the Company i.e. www.asterqualitycare.com. Kindly take the above on records. Thank you, Yours faithfully, For Aster DM Quality Care Limited (Formerly Aster DM Healthcare Limited) Hemish Purushottam Company Secretary and Compliance Officer M. No.: A24331 Aster DM Quality Care Limited (Formerly Aster DM Healthcare Ltd.) Registered Office: No 7-1-450/20, Plot No-04, Mythri Vihar, Sanjeev CIN: L85110TS2008PLC207383 Reddy Nagar, Ameerpet, Hyderabad, Telangana, India, 500038 Telephone: +91 96060 61833 E-mail: cs@asterqualitycare.com Corporate Office: Brigade Deccan Heights 20th & 12th Floor, Website: www.asterqualitycare.com #42, 5th Mile, Tumkur Rd, Yeshwanthpur Industrial Area, Phase 1, Yeshwanthpur, Bengaluru-560022 Annexure I Details as required under Regulation 30 of the Listing Regulations read along with SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30 January 2026 S. No Particulars Details 1 Name of the target entity, details in brief Name: Sri Sainatha Multispeciality Hospitals Private such as size, turnover etc. Limited (“Sri Sainatha”) Date of incorporation: 24th May 2007 Authorized Share Capital: INR 10,10,58,850/- (Rupees Ten Crore Ten Lakh Fifty-Eight Thousand Eight Hundred and Fifty Only) divided into: (a) 1000 (One Thousand) Class A Equity Shares of INR 10/- (Rupees ten) each, aggregating to INR 10,000/-; (b) 70,14,938 (Seventy Lakh Fourteen Thousand Nine Hundred and Thirty-Eight) Class B Equity Shares of INR 10/- (Rupees ten only) each, aggregating to INR 7,01,49,380/-; and (c) 30,89,947 (Thirty Lakh Eighty-Nine Thousand Nine Hundred and forty-seven) Preference Shares of INR 10/- (Rupees ten) each aggregating to INR 3,08,99,470/- Paid-up Share Capital: INR 7,01,59,380/-(Rupees Seven Crore One Lakh Fifty-Nine Thousand Three Hundred Eighty Only) divided into: (a) 1000 (One Thousand) Class A Equity Shares of INR 10/- (Rupees ten) each, aggregating to INR 10,000/-; and (b) 70,14,938 (Seventy Lakh Fourteen Thousand Nine Hundred and Thirty-Eight) Class B Equity Shares of INR 10/- (Rupees ten) each, aggregating to INR 7,01,49,380/- Turnover: Financial year ended 31 March 2026: INR79.43 Cr Aster DM Quality Care Limited (Formerly Aster DM Healthcare Ltd.) Registered Office: No 7-1-450/20, Plot No-04, Mythri Vihar, Sanjeev CIN: L85110TS2008PLC207383 Reddy Nagar, Ameerpet, Hyderabad, Telangana, India, 500038 Telephone: +91 96060 61833 E-mail: cs@asterqualitycare.com Corporate Office: Brigade Deccan Heights 20th & 12th Floor, Website: www.asterqualitycare.com #42, 5th Mile, Tumkur Rd, Yeshwanthpur Industrial Area, Phase 1, Yeshwanthpur, Bengaluru-560022 S. No Particulars Details 2 Whether the acquisition would fall within related party transaction(s) and whether Not Applicable the promoter/ promoter group/ group Sri Sainatha is a wholly owned subsidiary of the companies have any interest in the entity Company. Loans extended in the past by the Company to being acquired? If yes, nature of interest Sri Sainatha are now proposed to be converted into and details thereof and whether the same equity shares to be issued by Sri Sainatha. The conversion is proposed on an arm’s length basis. There is no fresh is done at “arm’s length” infusion of funds by the Company into Sri Sainatha. 3 Industry to which the entity being acquired belongs Healthcare Industry 4 Objects and impact of acquisition (including As a part of internal capital restructuring the Company, a but not limited to, disclosure of reasons for loan of INR 102.46 Cr extended by the Company to Sri Sainatha is being converted into 10,24,62,779 equity acquisition of target entity, if its business shares of face value INR 10 each of Sri Sainatha. is outside the main line of business of the listed entity) 5 Brief details of any governmental or Not Applicable regulatory approvals required for the acquisition; 6 Indicative time period for completion of Within 3 months the acquisition; 7 Consideration - whether cash Consideration other than cash. The loans extended in the consideration or share swap or any other past are now being converted into equity shares to be issued by Sri Sainatha. form and details of the same; 8 Cost of acquisition and/or the price at The loans extended in the past by the Company to Sri which the shares are acquired; Sainatha are now being converted to equity shares as follows: - Conversion of loan of INR 102.46 Cr into equity shares by issuance of 10,24,62,779 equity shares of face value ₹10 each to the Company; - The conversion of the loan into equity shares has been basis the valuation report procured from Krol Advisory Private Limited. 9 Percentage of shareholding / control No change in shareholding. The Company continues to acquired and / or number of shares hold 100% in the equity share capital of Sri Sainatha. acquired; Aster DM Quality Care Limited (Formerly Aster DM Healthcare Ltd.) Registered Office: No 7-1-450/20, Plot No-04, Mythri Vihar, Sanjeev CIN: L85110TS2008PLC207383 Re [Showing first 8,000 characters — download PDF for full document]