QMS Medical Approves Rs 37 Crore Healthcare Services Demerger Into Saarathi

Board approved demerger of healthcare services biz of QMS (Rs37.2Cr, 24.4% FY26 sales) and HCAH into Saarathi; QMS holders 1:1 shares, Saarathi to list; MOU for 100% of BeamOptics. First split of higher-margin services engine just taken fully owned into separate listed arm; adds outside HCAH investors with board and veto rights; step change from bolt-on history. Needs shareholder, creditor, NSE and NCLT approvals; enlarged Saarathi promoter 40.5% public 59.5% with 1-year lock-in; BeamOptics price pending valuer, linked to scheme closure by Nov 2027.