<?xml version="1.0" encoding="UTF-8"?>
<!--REG30 V1.0 (16-10-2025)-->
<xbrli:xbrl xmlns:in-capmkt="http://www.sebi.gov.in/xbrl/2025-08-31/in-capmkt" xmlns:in-capmkt-ent="http://www.sebi.gov.in/xbrl/Regulation_30_Restructuring/2025-08-31/in-capmkt/in-capmkt-ent" xmlns:in-capmkt-roles="http://www.sebi.gov.in/xbrl/Regulation_30_Restructuring/2025-08-31/in-capmkt-roles" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:net="http://www.xbrl.org/2009/role/net" xmlns:num="http://www.xbrl.org/dtr/type/numeric" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:negated="http://www.xbrl.org/2009/role/negated" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xl="http://www.xbrl.org/2003/XLink"><link:schemaRef xlink:type="simple" xlink:href="in-capmkt-ent-2025-08-31.xsd"/><xbrli:context id="OneI"><xbrli:entity><xbrli:identifier scheme="http://www.sebi.gov.in/in-capmkt/NSESymbol">QMSMEDI</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-09-25</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="OneD"><xbrli:entity><xbrli:identifier scheme="http://www.sebi.gov.in/in-capmkt/NSESymbol">QMSMEDI</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2026-09-25</xbrli:startDate><xbrli:endDate>2026-09-25</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="D_DemergedEntity1"><xbrli:entity><xbrli:identifier scheme="http://www.sebi.gov.in/in-capmkt/NSESymbol">QMSMEDI</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2026-09-25</xbrli:startDate><xbrli:endDate>2026-09-25</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:typedMember dimension="in-capmkt:DemergedEntityAxis"><in-capmkt:DemergedEntityDomain>DemergedEntityDomain1</in-capmkt:DemergedEntityDomain></xbrldi:typedMember></xbrli:scenario></xbrli:context><xbrli:context id="I_DemergedEntity1"><xbrli:entity><xbrli:identifier scheme="http://www.sebi.gov.in/in-capmkt/NSESymbol">QMSMEDI</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-09-25</xbrli:instant></xbrli:period><xbrli:scenario><xbrldi:typedMember dimension="in-capmkt:DemergedEntityAxis"><in-capmkt:DemergedEntityDomain>DemergedEntityDomain1</in-capmkt:DemergedEntityDomain></xbrldi:typedMember></xbrli:scenario></xbrli:context><xbrli:context id="D_DemergedEntity2"><xbrli:entity><xbrli:identifier scheme="http://www.sebi.gov.in/in-capmkt/NSESymbol">QMSMEDI</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2026-09-25</xbrli:startDate><xbrli:endDate>2026-09-25</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:typedMember dimension="in-capmkt:DemergedEntityAxis"><in-capmkt:DemergedEntityDomain>DemergedEntityDomain2</in-capmkt:DemergedEntityDomain></xbrldi:typedMember></xbrli:scenario></xbrli:context><xbrli:context id="I_DemergedEntity2"><xbrli:entity><xbrli:identifier scheme="http://www.sebi.gov.in/in-capmkt/NSESymbol">QMSMEDI</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-09-25</xbrli:instant></xbrli:period><xbrli:scenario><xbrldi:typedMember dimension="in-capmkt:DemergedEntityAxis"><in-capmkt:DemergedEntityDomain>DemergedEntityDomain2</in-capmkt:DemergedEntityDomain></xbrldi:typedMember></xbrli:scenario></xbrli:context><xbrli:context id="D_DemergedEntity3"><xbrli:entity><xbrli:identifier scheme="http://www.sebi.gov.in/in-capmkt/NSESymbol">QMSMEDI</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2026-09-25</xbrli:startDate><xbrli:endDate>2026-09-25</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:typedMember dimension="in-capmkt:DemergedEntityAxis"><in-capmkt:DemergedEntityDomain>DemergedEntityDomain3</in-capmkt:DemergedEntityDomain></xbrldi:typedMember></xbrli:scenario></xbrli:context><xbrli:context id="I_DemergedEntity3"><xbrli:entity><xbrli:identifier scheme="http://www.sebi.gov.in/in-capmkt/NSESymbol">QMSMEDI</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-09-25</xbrli:instant></xbrli:period><xbrli:scenario><xbrldi:typedMember dimension="in-capmkt:DemergedEntityAxis"><in-capmkt:DemergedEntityDomain>DemergedEntityDomain3</in-capmkt:DemergedEntityDomain></xbrldi:typedMember></xbrli:scenario></xbrli:context><xbrli:unit id="INR"><xbrli:measure>iso4217:INR</xbrli:measure></xbrli:unit><xbrli:unit id="pure"><xbrli:measure>xbrli:pure</xbrli:measure></xbrli:unit><xbrli:unit id="shares"><xbrli:measure>xbrli:shares</xbrli:measure></xbrli:unit><in-capmkt:ScripCode contextRef="OneI">000000</in-capmkt:ScripCode><in-capmkt:NameOfTheCompany contextRef="OneI">QMS MEDICAL ALLIED SERVICES LIMITED</in-capmkt:NameOfTheCompany><in-capmkt:NSESymbol contextRef="OneI">QMSMEDI</in-capmkt:NSESymbol><in-capmkt:MSEISymbol contextRef="OneI">NOTLISTED</in-capmkt:MSEISymbol><in-capmkt:ISIN contextRef="OneI">INE0FMW01018</in-capmkt:ISIN><in-capmkt:TypeOfAnnouncementPertainingToRegulation30Restructuring contextRef="OneD">New</in-capmkt:TypeOfAnnouncementPertainingToRegulation30Restructuring><in-capmkt:TypeOfEventOfAnnouncementPertainingToRegulation30Restructuring contextRef="OneD">De-merger</in-capmkt:TypeOfEventOfAnnouncementPertainingToRegulation30Restructuring><in-capmkt:WhetherEventOrInformationDisclosedIsAnOutcomeOfBoardMeeting contextRef="OneD">true</in-capmkt:WhetherEventOrInformationDisclosedIsAnOutcomeOfBoardMeeting><in-capmkt:DateOfBoardMeeting contextRef="OneI">2026-09-25</in-capmkt:DateOfBoardMeeting><in-capmkt:EndTimeOfBoardMeeting contextRef="OneD">15:50:00</in-capmkt:EndTimeOfBoardMeeting><in-capmkt:DateOfReport contextRef="OneI">2026-09-25</in-capmkt:DateOfReport><in-capmkt:BriefDetailsOfTheDivisionsToBeDemerged contextRef="OneI">Demerger of Healthcare Services Business (‘as defined in the Scheme’) of the Demerged Company 1 and Demerged Company 2 (referred as Demerged Undertaking 1 and Demerged Undertaking 2 respectively in the Scheme) that is engaged in provision of services in relation to patient support programs, patient access programs, disease   management programs, preventive healthcare and improved healthcare outcomes as applicable, into Resulting Company.</in-capmkt:BriefDetailsOfTheDivisionsToBeDemerged><in-capmkt:NameOfDemergedEntityOrDivision contextRef="I_DemergedEntity1">QMS Medical Allied Services Limited</in-capmkt:NameOfDemergedEntityOrDivision><in-capmkt:TypeOfDemergedEntityOrDivision contextRef="D_DemergedEntity1">Demerged</in-capmkt:TypeOfDemergedEntityOrDivision><in-capmkt:RelationshipOfDemergedEntityOrDivisionWithListedEntities contextRef="D_DemergedEntity1">Listed Entity (self)</in-capmkt:RelationshipOfDemergedEntityOrDivisionWithListedEntities><in-capmkt:TurnoverOfTheDemergedDivision contextRef="D_DemergedEntity1" unitRef="INR" decimals="-5">371700000</in-capmkt:TurnoverOfTheDemergedDivision><in-capmkt:PercentageToTheTotalTurnoverOfTheListedEntityInTheImmediatelyPrecedingFinancialYear contextRef="I_DemergedEntity1" unitRef="pure" decimals="INF">0.2441</in-capmkt:PercentageToTheTotalTurnoverOfTheListedEntityInTheImmediatelyPrecedingFinancialYear><in-capmkt:NumberOfSharesUnderPromoterAndPromoterGroupCategoryPreEvent contextRef="I_DemergedEntity1" unitRef="shares" decimals="INF">13171586</in-capmkt:NumberOfSharesUnderPromoterAndPromoterGroupCategoryPreEvent><in-capmkt:PercentageOfSharesUnderPromoterAndPromoterGroupCategoryPreEvent contextRef="I_DemergedEntity1" unitRef="pure" decimals="INF">0.6811</in-capmkt:PercentageOfSharesUnderPromoterAndPromoterGroupCategoryPreEvent><in-capmkt:NumberOfSharesUnderPublicCategoryPreEvent contextRef="I_DemergedEntity1" unitRef="shares" decimals="INF">6165857</in-capmkt:NumberOfSharesUnderPublicCategoryPreEvent><in-capmkt:PercentageOfSharesUnderPublicCategoryPreEvent contextRef="I_DemergedEntity1" unitRef="pure" decimals="INF">0.3189</in-capmkt:PercentageOfSharesUnderPublicCategoryPreEvent><in-capmkt:NumberOfSharesUnderOtherCategoryPreEvent contextRef="I_DemergedEntity1" unitRef="shares" decimals="INF">0</in-capmkt:NumberOfSharesUnderOtherCategoryPreEvent><in-capmkt:PercentageOfSharesUnderOtherCategoryPreEvent contextRef="I_DemergedEntity1" unitRef="pure" decimals="INF">0</in-capmkt:PercentageOfSharesUnderOtherCategoryPreEvent><in-capmkt:TotalNumberOfSharesPreEvent contextRef="I_DemergedEntity1" unitRef="shares" decimals="INF">19337443</in-capmkt:TotalNumberOfSharesPreEvent><in-capmkt:TotalPercentageOfSharesPreEvent contextRef="I_DemergedEntity1" unitRef="pure" decimals="INF">1</in-capmkt:TotalPercentageOfSharesPreEvent><in-capmkt:NumberOfSharesUnderPromoterAndPromoterGroupCategoryPostEvent contextRef="I_DemergedEntity1" unitRef="shares" decimals="INF">13171586</in-capmkt:NumberOfSharesUnderPromoterAndPromoterGroupCategoryPostEvent><in-capmkt:PercentageOfSharesUnderPromoterAndPromoterGroupCategoryPostEvent contextRef="I_DemergedEntity1" unitRef="pure" decimals="INF">0.6811</in-capmkt:PercentageOfSharesUnderPromoterAndPromoterGroupCategoryPostEvent><in-capmkt:NumberOfSharesUnderPublicCategoryPostEvent contextRef="I_DemergedEntity1" unitRef="shares" decimals="INF">6165857</in-capmkt:NumberOfSharesUnderPublicCategoryPostEvent><in-capmkt:PercentageOfSharesUnderPublicCategoryPostEvent contextRef="I_DemergedEntity1" unitRef="pure" decimals="INF">0.3189</in-capmkt:PercentageOfSharesUnderPublicCategoryPostEvent><in-capmkt:NumberOfSharesUnderOtherCategoryPostEvent contextRef="I_DemergedEntity1" unitRef="shares" decimals="INF">0</in-capmkt:NumberOfSharesUnderOtherCategoryPostEvent><in-capmkt:PercentageOfSharesUnderOtherCategoryPostEvent contextRef="I_DemergedEntity1" unitRef="pure" decimals="INF">0</in-capmkt:PercentageOfSharesUnderOtherCategoryPostEvent><in-capmkt:TotalNumberOfSharesPostEvent contextRef="I_DemergedEntity1" unitRef="shares" decimals="INF">19337443</in-capmkt:TotalNumberOfSharesPostEvent><in-capmkt:TotalPercentageOfSharesPostEvent contextRef="I_DemergedEntity1" unitRef="pure" decimals="INF">1</in-capmkt:TotalPercentageOfSharesPostEvent><in-capmkt:NameOfDemergedEntityOrDivision contextRef="I_DemergedEntity2">Health Care at Home India Private Limited</in-capmkt:NameOfDemergedEntityOrDivision><in-capmkt:TypeOfDemergedEntityOrDivision contextRef="D_DemergedEntity2">Demerged</in-capmkt:TypeOfDemergedEntityOrDivision><in-capmkt:RelationshipOfDemergedEntityOrDivisionWithListedEntities contextRef="D_DemergedEntity2">Others</in-capmkt:RelationshipOfDemergedEntityOrDivisionWithListedEntities><in-capmkt:DetailsOfOtherRelationshipOfDemergedEntityOrDivisionWithListedEntities contextRef="I_DemergedEntity2">NA</in-capmkt:DetailsOfOtherRelationshipOfDemergedEntityOrDivisionWithListedEntities><in-capmkt:TurnoverOfTheDemergedDivision contextRef="D_DemergedEntity2" unitRef="INR" decimals="-7">0</in-capmkt:TurnoverOfTheDemergedDivision><in-capmkt:PercentageToTheTotalTurnoverOfTheListedEntityInTheImmediatelyPrecedingFinancialYear contextRef="I_DemergedEntity2" unitRef="pure" decimals="INF">0</in-capmkt:PercentageToTheTotalTurnoverOfTheListedEntityInTheImmediatelyPrecedingFinancialYear><in-capmkt:NumberOfSharesUnderPromoterAndPromoterGroupCategoryPreEvent contextRef="I_DemergedEntity2" unitRef="shares" decimals="INF">177773641</in-capmkt:NumberOfSharesUnderPromoterAndPromoterGroupCategoryPreEvent><in-capmkt:PercentageOfSharesUnderPromoterAndPromoterGroupCategoryPreEvent contextRef="I_DemergedEntity2" unitRef="pure" decimals="INF">0.8062</in-capmkt:PercentageOfSharesUnderPromoterAndPromoterGroupCategoryPreEvent><in-capmkt:NumberOfSharesUnderPublicCategoryPreEvent contextRef="I_DemergedEntity2" unitRef="shares" decimals="INF">31321563</in-capmkt:NumberOfSharesUnderPublicCategoryPreEvent><in-capmkt:PercentageOfSharesUnderPublicCategoryPreEvent contextRef="I_DemergedEntity2" unitRef="pure" decimals="INF">0.142</in-capmkt:PercentageOfSharesUnderPublicCategoryPreEvent><in-capmkt:NumberOfSharesUnderOtherCategoryPreEvent contextRef="I_DemergedEntity2" unitRef="shares" decimals="INF">11410045</in-capmkt:NumberOfSharesUnderOtherCategoryPreEvent><in-capmkt:PercentageOfSharesUnderOtherCategoryPreEvent contextRef="I_DemergedEntity2" unitRef="pure" decimals="INF">0.0518</in-capmkt:PercentageOfSharesUnderOtherCategoryPreEvent><in-capmkt:TotalNumberOfSharesPreEvent contextRef="I_DemergedEntity2" unitRef="shares" decimals="INF">220505249</in-capmkt:TotalNumberOfSharesPreEvent><in-capmkt:TotalPercentageOfSharesPreEvent contextRef="I_DemergedEntity2" unitRef="pure" decimals="INF">1</in-capmkt:TotalPercentageOfSharesPreEvent><in-capmkt:NumberOfSharesUnderPromoterAndPromoterGroupCategoryPostEvent contextRef="I_DemergedEntity2" unitRef="shares" decimals="INF">177773641</in-capmkt:NumberOfSharesUnderPromoterAndPromoterGroupCategoryPostEvent><in-capmkt:PercentageOfSharesUnderPromoterAndPromoterGroupCategoryPostEvent contextRef="I_DemergedEntity2" unitRef="pure" decimals="INF">0.8062</in-capmkt:PercentageOfSharesUnderPromoterAndPromoterGroupCategoryPostEvent><in-capmkt:NumberOfSharesUnderPublicCategoryPostEvent contextRef="I_DemergedEntity2" unitRef="shares" decimals="INF">31321563</in-capmkt:NumberOfSharesUnderPublicCategoryPostEvent><in-capmkt:PercentageOfSharesUnderPublicCategoryPostEvent contextRef="I_DemergedEntity2" unitRef="pure" decimals="INF">0.142</in-capmkt:PercentageOfSharesUnderPublicCategoryPostEvent><in-capmkt:NumberOfSharesUnderOtherCategoryPostEvent contextRef="I_DemergedEntity2" unitRef="shares" decimals="INF">11410045</in-capmkt:NumberOfSharesUnderOtherCategoryPostEvent><in-capmkt:PercentageOfSharesUnderOtherCategoryPostEvent contextRef="I_DemergedEntity2" unitRef="pure" decimals="INF">0.0518</in-capmkt:PercentageOfSharesUnderOtherCategoryPostEvent><in-capmkt:TotalNumberOfSharesPostEvent contextRef="I_DemergedEntity2" unitRef="shares" decimals="INF">220505249</in-capmkt:TotalNumberOfSharesPostEvent><in-capmkt:TotalPercentageOfSharesPostEvent contextRef="I_DemergedEntity2" unitRef="pure" decimals="INF">1</in-capmkt:TotalPercentageOfSharesPostEvent><in-capmkt:NameOfDemergedEntityOrDivision contextRef="I_DemergedEntity3">Saarathi Healthcare Private Limited</in-capmkt:NameOfDemergedEntityOrDivision><in-capmkt:TypeOfDemergedEntityOrDivision contextRef="D_DemergedEntity3">Resulting</in-capmkt:TypeOfDemergedEntityOrDivision><in-capmkt:RelationshipOfDemergedEntityOrDivisionWithListedEntities contextRef="D_DemergedEntity3">Material Subsidiary</in-capmkt:RelationshipOfDemergedEntityOrDivisionWithListedEntities><in-capmkt:TurnoverOfTheDemergedDivision contextRef="D_DemergedEntity3" unitRef="INR" decimals="-7">30000000</in-capmkt:TurnoverOfTheDemergedDivision><in-capmkt:PercentageToTheTotalTurnoverOfTheListedEntityInTheImmediatelyPrecedingFinancialYear contextRef="I_DemergedEntity3" unitRef="pure" decimals="INF">0</in-capmkt:PercentageToTheTotalTurnoverOfTheListedEntityInTheImmediatelyPrecedingFinancialYear><in-capmkt:NumberOfSharesUnderPromoterAndPromoterGroupCategoryPreEvent contextRef="I_DemergedEntity3" unitRef="shares" decimals="INF">825000</in-capmkt:NumberOfSharesUnderPromoterAndPromoterGroupCategoryPreEvent><in-capmkt:PercentageOfSharesUnderPromoterAndPromoterGroupCategoryPreEvent contextRef="I_DemergedEntity3" unitRef="pure" decimals="INF">1</in-capmkt:PercentageOfSharesUnderPromoterAndPromoterGroupCategoryPreEvent><in-capmkt:NumberOfSharesUnderPublicCategoryPreEvent contextRef="I_DemergedEntity3" unitRef="shares" decimals="INF">0</in-capmkt:NumberOfSharesUnderPublicCategoryPreEvent><in-capmkt:PercentageOfSharesUnderPublicCategoryPreEvent contextRef="I_DemergedEntity3" unitRef="pure" decimals="INF">0</in-capmkt:PercentageOfSharesUnderPublicCategoryPreEvent><in-capmkt:NumberOfSharesUnderOtherCategoryPreEvent contextRef="I_DemergedEntity3" unitRef="shares" decimals="INF">0</in-capmkt:NumberOfSharesUnderOtherCategoryPreEvent><in-capmkt:PercentageOfSharesUnderOtherCategoryPreEvent contextRef="I_DemergedEntity3" unitRef="pure" decimals="INF">0</in-capmkt:PercentageOfSharesUnderOtherCategoryPreEvent><in-capmkt:TotalNumberOfSharesPreEvent contextRef="I_DemergedEntity3" unitRef="shares" decimals="INF">825000</in-capmkt:TotalNumberOfSharesPreEvent><in-capmkt:TotalPercentageOfSharesPreEvent contextRef="I_DemergedEntity3" unitRef="pure" decimals="INF">1</in-capmkt:TotalPercentageOfSharesPreEvent><in-capmkt:NumberOfSharesUnderPromoterAndPromoterGroupCategoryPostEvent contextRef="I_DemergedEntity3" unitRef="shares" decimals="INF">13171586</in-capmkt:NumberOfSharesUnderPromoterAndPromoterGroupCategoryPostEvent><in-capmkt:PercentageOfSharesUnderPromoterAndPromoterGroupCategoryPostEvent contextRef="I_DemergedEntity3" unitRef="pure" decimals="INF">0.405</in-capmkt:PercentageOfSharesUnderPromoterAndPromoterGroupCategoryPostEvent><in-capmkt:NumberOfSharesUnderPublicCategoryPostEvent contextRef="I_DemergedEntity3" unitRef="shares" decimals="INF">19328480</in-capmkt:NumberOfSharesUnderPublicCategoryPostEvent><in-capmkt:PercentageOfSharesUnderPublicCategoryPostEvent contextRef="I_DemergedEntity3" unitRef="pure" decimals="INF">0.595</in-capmkt:PercentageOfSharesUnderPublicCategoryPostEvent><in-capmkt:NumberOfSharesUnderOtherCategoryPostEvent contextRef="I_DemergedEntity3" unitRef="shares" decimals="INF">0</in-capmkt:NumberOfSharesUnderOtherCategoryPostEvent><in-capmkt:PercentageOfSharesUnderOtherCategoryPostEvent contextRef="I_DemergedEntity3" unitRef="pure" decimals="INF">0</in-capmkt:PercentageOfSharesUnderOtherCategoryPostEvent><in-capmkt:TotalNumberOfSharesPostEvent contextRef="I_DemergedEntity3" unitRef="shares" decimals="INF">32500066</in-capmkt:TotalNumberOfSharesPostEvent><in-capmkt:TotalPercentageOfSharesPostEvent contextRef="I_DemergedEntity3" unitRef="pure" decimals="INF">1</in-capmkt:TotalPercentageOfSharesPostEvent><in-capmkt:NatureOfConsiderationForDemerger contextRef="OneD">Shares</in-capmkt:NatureOfConsiderationForDemerger><in-capmkt:ShareExchangeRatioForDemerger contextRef="OneD">1:1</in-capmkt:ShareExchangeRatioForDemerger><in-capmkt:DetailsOfConsiderationForDemerger contextRef="OneI">There is no cash consideration being discharged under the Scheme

Upon Part II of the Scheme becoming effective (as defined in the Scheme), and in consideration for the transfer and vesting of the Demerged Undertaking 1 from the Demerged Company 1 to the Resulting Company in terms of this Scheme, the Resulting Company shall, without any further application, act, deed, consent, instrument issue and allot on a proportionate basis its equity shares, credited as fully paid-up (the “Equity Shares of the Resulting Company”), to QMS Equity Shareholders as on the Record Date 1 in the following manner:
 
“1 fully paid Equity Share of INR 10/- (Indian Rupees Ten) each in the Resulting Company for every 1 fully paid Equity Share of INR 10/- (Indian Rupees Ten) each held in the Demerged Company 1”


Upon Part III of the Scheme becoming effective (as defined in the Scheme), and in consideration for the transfer and vesting of the Demerged Undertaking 2 from the Demerged Company 2 to the Resulting Company in terms of this Scheme, the Resulting Company shall, without any further application, act, deed, consent, instrument issue and allot on a proportionate basis the Equity Shares of the Resulting Company (as defined in Clause 12.1), to: 

HCAH Equity Shareholders as on the Record Date 2 in the following manner:

“209 fully paid Equity Share of INR 10/- (Indian Rupees Ten) each in the Resulting Company for every 3500 fully paid Class A Equity Share of INR 10/- (Indian Rupees Ten) each held in the Demerged Company 2” 

HCAH CCPS Holders as on Record Date 2 in the following manner:

“706 fully paid Equity Share of INR 10/- (Indian Rupees Ten) each in the Resulting Company for every 3500 fully paid CCPS of INR 100/- (Indian Rupees Hundred) each held in the Demerged Company 2” 

HCAH Series A 0.0001% CCPS Holders as on Record Date 2 in the following manner:

“1267 fully paid Equity Share of INR 10/- (Indian Rupees Ten) each in the Resulting Company for every 3500 fully paid Series A 0.0001% CCPS of INR 100/- (Indian Rupees Hundred) each held in the Demerged Company 2” 

HCAH Series B 0.001% CCPS Holders as on Record Date 2 in the following manner:

“997 fully paid Equity Share of INR 10/- (Indian Rupees Ten) each in the Resulting Company for every 3500 fully paid Series B 0.001% CCPS of INR 100/- (Indian Rupees Hundred) each held in the Demerged Company 2” 

HCAH Class A 0.001% CCPS Holders as on Record Date 2 in the following manner:

“2942 fully paid Equity Share of INR 10/- (Indian Rupees Ten) each in the Resulting Company for every 3500 fully paid Class A 0.001% CCPS of INR 100/- (Indian Rupees Hundred) each held in the Demerged Company 2” 

HCAH Class MW1 0.001% CCPS Holders as on Record Date 2 in the following manner:

“694 fully paid Equity Share of INR 10/- (Indian Rupees Ten) each in the Resulting Company for every 3500 fully paid Class MW1 0.001% CCPS of INR 100/- (Indian Rupees Hundred) each held in the Demerged Company 2” 

HCAH Class MW2 0.001% CCPS Holders as on Record Date 2 in the following manner:

“694 fully paid Equity Share of INR 10/- (Indian Rupees Ten) each in the Resulting Company for every 3500 fully paid Class MW2 0.001% CCPS of INR 100/- (Indian Rupees Hundred) each held in the Demerged Company 2” 

HCAH Class MW3 0.001% CCPS Holders as on Record Date 2 in the following manner:

“656 fully paid Equity Share of INR 10/- (Indian Rupees Ten) each in the Resulting Company for every 3500 fully paid Class MW3 0.001% CCPS of INR 100/- (Indian Rupees Hundred) each held in the Demerged Company 2” 

HCAH RHJ 0.001% CCPS Holders as on Record Date 2 in the following manner:

“3,885 fully paid Equity Share of INR 10/- (Indian Rupees Ten) each in the Resulting Company for every 3500 fully paid RHJ 0.001% CCPS of INR 100/- (Indian Rupees Hundred) each held in the Demerged Company 2” .
</in-capmkt:DetailsOfConsiderationForDemerger><in-capmkt:RationaleForDemerger contextRef="OneI">As the Healthcare Services Business (as defined in the Scheme) of QMS and HCAH constitutes a similar line of business with that of Saarathi, it is proposed to combine the business operations of the Healthcare Services Business of QMS and HCAH with Saarathi.  The said combination shall drive focused growth, operational efficiencies and significant business synergies. 

The proposed demerger of the Healthcare Services Business of QMS and HCAH into Saarathi shall be in the best interests of the Demerged Company 1, Demerged Company 2 and the Resulting Company, and their respective shareholders and other stakeholders on account of the following: 

a) In light of the distinct profile of the Healthcare Services Business, housing the same into a separate to be listed company would enable focused management, better and efficient control and management for the Healthcare Services Business, operational rationalisation, organisation efficiency and optimum utilisation of various resources;

b) Enable accelerated growth of the Healthcare Services Business to explore suitable strategies to fund its growth plan;

c) Achieving synergies through consolidation, greater integration which will maximize overall shareholder value and improve the competitive position of the combined entity; 

d) The combined entity will benefit from increased scale, stronger market presence and improved ability to service customers.
</in-capmkt:RationaleForDemerger><in-capmkt:BriefDetailsOfChangeInShareholdingPatternOfAllEntitiesForDemerger contextRef="OneI">There will be no change in the shareholding pattern of the Demerged Company 1 and Demerged Company 2 pursuant to the Scheme

As regards Resulting Company, the entire existing paid-up share capital of the Resulting Company held by the Demerged Company 1 (directly and/ or through nominees) shall stand cancelled, reduced and extinguished, without any consideration and without any further act, instrument or deed, which shall be regarded as reduction of share capital of the Resulting Company, pursuant to Sections 230 to 232 of the Act as an integral part of the Scheme.


Pre - Arrangement Shareholding – Resulting Company Particulars Pre Arrangement – No. of Shares Pre Arrangement – Percentage
Promoters (directly and/ or through nominees) 8,25,000 100%
Public - 0
Total 8,25,000 100%


Post - Arrangement Shareholding - Resulting Company*
Particulars Post Arrangement – No. of Shares* Post Arrangement - Percentage
Promoters 1,31,71,586 40.5%
Public 1,93,28,480 59.5%
Total 3,25,00,066 100%
* Note: ESOPs of HCAH are considered on a fully diluted basis

</in-capmkt:BriefDetailsOfChangeInShareholdingPatternOfAllEntitiesForDemerger><in-capmkt:WhetherListingWouldBeSoughtForTheResultingEntity contextRef="OneD">true</in-capmkt:WhetherListingWouldBeSoughtForTheResultingEntity></xbrli:xbrl>
