Dr. Vikram Jit Singh Chhatwal changes designation at Medi Assist Healthcare Services Limited
Medi Assist Healthcare Services Limited has announced a change in the role of Dr. Vikram Jit Singh Chhatwal, transitioning him from Whole-time Director to Non-Executive, Non-Independent Director and Chairman liable to retire by rotation. This move is part of a broader governance initiative undertaken by the company's Board of Directors.The Board of Directors considered separating the roles of Chairman and executive management as part of an effort to enhance the Company’s governance framework, board leadership, and succession planning. In light of this decision, Dr. Vikram Jit Singh Chhatwal has proposed demitting his office as Whole-Time Director. He will continue serving on the Board in the capacity of a Non-Executive, Non-Independent Director and Chairman liable to retire by rotation, effective from the close of business hours on August 08, 2026.
Consequently, Dr. Chhatwal will cease to be a Key Managerial Personnel (KMP) of Medi Assist Healthcare Services Limited as of that date. The Board of Directors approved this change in designation based on the recommendation of the Nomination and Remuneration Committee, subject to the subsequent approval of the company members.
Dr. Vikram Jit Singh Chhatwal is profiled as a healthcare visionary with extensive experience across clinical excellence, research, and global management. His qualifications include a Bachelor's degree in Medicine and Surgery from Jawaharlal Nehru Medical College, a Doctor of Philosophy from the National University of Singapore, a Master's Degree in business administration in International Management from École Nationale des Ponts et Chaussées, Paris, and a Post-Graduate diploma in Public Health Administration from the Institute of Healthcare Administration, Chennai. Prior to his tenure at Medi Assist, Dr. Chhatwal held leadership positions including CEO of Reliance Health and CEO of Apollo Health Street, which is part of the Apollo Hospitals Group.
Key details regarding this transition are summarized below:
| Particulars | Details |
|---|---|
| Reason for change | Change in designation from Whole Time Director to Non-Executive, Non-Independent Director, liable to retire by rotation. |
| Effective Date | Close of business hours on August 08, 2026. |
| New Designation | Non-Executive, Non-Independent Director and Chairman liable to retire by rotation. |
| KMP Status | Ceases to be a Key Managerial Personnel (KMP). |
MEDIASSIST Stock Price Movement
Shares of Medi Assist Healthcare Services Limited slipped by 0.59% on Friday, closing at ₹364.95 after shedding ₹2.15 from the previous close. The stock recorded a total traded volume of 79,223 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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