Medi Assist Healthcare Services Limited announced that its Board of Directors, along with the boards of its wholly owned subsidiary Medi Assist Insurance TPA Private Limited (MAITPA) and step-down wholly owned subsidiary Paramount Health Services & Insurance TPA Private Limited (Paramount TPA), have approved a Scheme of Amalgamation. Paramount TPA will be amalgamated with MAITPA under Section 233 of the Companies Act, 2013. The meetings commenced at 12:00 Noon and concluded at 12:35 P.M. on December 29, 2025. As of March 31, 2025, Paramount TPA had a paid-up capital of ₹62.50 million (₹6.25 crore) and a net worth of ₹993.46 million (₹99.35 crore), with a standalone turnover of ₹1785.70 million (₹178.57 crore). MAITPA had a paid-up capital of ₹40.12 million (₹4.01 crore) and a net worth of ₹3569.70 million (₹356.97 crore), with a standalone turnover of ₹6678.85 million (₹667.89 crore). The rationale for the amalgamation includes integrating business operations, providing impetus to MAITPA's operations, streamlining the group structure by reducing compliance, achieving cost savings through rationalization of resources, and enabling greater efficiency in cash management and utilization of combined infrastructure. There will be no cash consideration involved, and the shareholding pattern of Medi Assist Healthcare Services Limited will remain unchanged as it is not a direct party to the scheme. Both Paramount TPA and MAITPA are engaged in providing health administration services as Third-Party Administrators.