Park Medi World Forms SPV for Prayagraj Hospital Project

Park Medi World Limited announced its Board of Directors approved the incorporation of a wholly-owned subsidiary on Monday, August 31, 2026. This Special Purpose Vehicle (SPV) will facilitate the development and operation of a 550-bed multi-super-speciality hospital in Prayagraj, Uttar Pradesh.

The board’s decision, made during a meeting held today, follows the company’s previously disclosed successful bid on August 26, 2026, for the Public–Private Partnership (PPP) model project. This initiative was awarded by the Prayagraj Municipal Corporation, Uttar Pradesh.

Key Board Directives & Project Scope

• Meeting Date: Monday, August 31, 2026
• Meeting Timeframe: Commenced at 10:00 A.M. (IST), concluded at 10:55 A.M. (IST)
• Approved Entity: Wholly-owned subsidiary as a Special Purpose Vehicle (SPV)
• Proposed SPV Names: ‘Park Medicity Prayagraj Limited’ or ‘Park Hospital Prayagraj Limited’
• Hospital Capacity: 550-bed multi-super-speciality facility
• Project Model: Public–Private Partnership (PPP)

The company’s filing confirms that these actions are in compliance with Regulation 30 of the Listing Regulations. Additionally, they adhere to the guidelines set forth in SEBI circular HO/49/14/14(7)2025-CFDPOD2/I/3762/2026, dated January 30, 2026.

Further official information regarding this development is accessible on Park Medi World’s corporate website, located at https://www.parkhospital.in/. This strategic move underscores the company’s expansion into healthcare infrastructure.