Operation and Management Agreement executed for 100-bed Mission of Mercy Hospital, Kolkata

Narayana Hrudayalaya has entered into an Operation and Management Agreement with Mission of Mercy Hospital and Research Centre and The Assemblies of God of North India.

Mon 5 Oct 2026

Hospital Capacity

100 beds

Aggregate Area

approximately 63,240.37 sq. ft.

Hospital Location

No. 125/1, Park Street, Kolkata – 700017

Commercial Operations Timeline

within 12 months from execution, subject to conditions precedent

Company Shareholding in Entity

Nil

What has been announced

• The company has entered into an Operation and Management Agreement with Mission of Mercy Hospital and Research Centre, a Society registered under the West Bengal Societies Registration Act, 1961, with its registered office at No. 125/1, Park Street, Kolkata – 700017, and The Assemblies of God of North India, also a Society registered under the West Bengal Societies Registration Act, 1961, with its registered office at 18, Royd Street, Kolkata – 700015.
• Under the agreement, the company has been appointed on an exclusive basis to operate, manage, direct and control the Mission of Mercy Hospital & Research Centre situated at No. 125/1, Park Street, Kolkata – 700017.

The hospital involved

• The existing hospital comprises a basement, ground floor and six floors.
• Aggregate area of approximately 63,240.37 sq. ft.
• Capacity of 100 beds.

What the agreement covers, and what it does not

• The stated purpose is the exclusive appointment of the company to operate, manage, direct and control the hospital during the term of the agreement, leveraging its experience in operating and managing healthcare facilities and to support the long-term sustainability, service capacity and effective operation of the hospital.
• The agreement relates to the operation and management of the hospital and does not confer any ownership or lease rights or other interest in the underlying land upon the company.
• The company's shareholding in the entity with whom the agreement is executed is Nil.
• The arrangement is on a long-term basis, subject to the terms of the agreement with customary payment terms, representations, warranties and obligations.

Timeline to watch

• The commencement of commercial operations of the hospital by the company is subject to satisfaction of certain conditions precedent by the respective parties.
• This may take up to 12 months from the date of execution of the agreement.

Other points from the disclosure

• The parties to the agreement are not related to the promoter, promoter group or group companies in any manner.
• The transaction does not fall within related party transactions.
• No shares are being issued to the parties in connection with this agreement, and no loan agreement is involved.

How a retail investor can read this

• This is an operation and management arrangement, meaning the company runs the hospital rather than owning it. The asset (land and hospital) stays with the existing Societies, while the company brings its hospital management expertise.
• The scale is small in asset terms but adds 100 beds to the company's managed footprint in Kolkata.
• The key thing to track is the start of commercial operations, which depends on conditions precedent being met and may take up to 12 months from execution.
• Because the agreement gives no ownership or lease rights in the land, the financial profile of this arrangement rests on the operation and management terms rather than on asset ownership.

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