Rainbow Children's Medicare Limited at its board meeting held on May 14, 2023, approved purchase of two parcels of land admeasuring 9,391 (Sq Mtr) approx. 2.32 acres and 4,987.10 (Sq Mtr) approx. 1.23 acres, situated in Sector 44 and Sector 56 respectively, Gurugram, Haryana (Land Parcels), being offered to the Company for allotment on freehold basis for setting up two hospitals, by Haryana Shehri Vikas Pradhikaran.

Proposed Capacity addition is Sector 44 Land Parcel: approx. 300 Beds and Sector 56 Land Parcel: approx. 100 Beds.

Period within which the proposed capacity is to be added is over the course of 3-3.5 years. The overall investment is expected to be approximately INR 4,500 million.