Three wholly owned subsidiaries declare dividends totalling Rs. 16.50 crore plus USD 1,100,000
Three wholly owned subsidiaries declared dividends to the parent.
- Time Medical International Ventures (India) dividend
- Rs. 6,50,00,000 for FY ended 31 March 2026
- FlynnCare Health Innovations dividend
- Rs. 10,00,00,000 for FY ended 31 March 2026
- FMV Global Innovation Pte interim dividend
- USD 1,100,000 for year ended 31 March 2027
- Total dividend amount
- Rs. 16.50 crore plus USD 1,100,000
What was shared
The company made a disclosure under Regulation 30 of SEBI LODR giving an update on its material wholly owned subsidiaries, each of which has declared a dividend.
The declarations
- Time Medical International Ventures (India) Private Limited, at its Annual General Meeting, declared a dividend of Rs. 6,50,00,000 for the financial year ended 31 March 2026.
- FlynnCare Health Innovations Private Limited, at its Annual General Meeting, declared a dividend of Rs. 10,00,00,000 for the financial year ended 31 March 2026.
- The Board of FMV Global Innovation Pte Limited approved declaration of an interim dividend of USD 1,100,000 for the year ended 31 March 2027.
Why it matters
All three are wholly owned subsidiaries, so the dividends flow to the parent company. Such upstreaming of cash from subsidiaries can be read as an indication that these units generated distributable profits and that cash is being moved up to the listed entity.
In consolidated accounts, dividends between a parent and its wholly owned subsidiaries are eliminated, so the effect is seen mainly at the standalone level of the parent and in the movement of cash within the group.
More numbers
- Dividend declared by Time Medical International Ventures (India)Rs. 6,50,00,000
- Dividend declared by FlynnCare Health InnovationsRs. 10,00,00,000
- Interim dividend approved by FMV Global Innovation PteUSD 1,100,000
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