Statement of Deviation or Variation of funds raised through public issue for the period ended on September 30, 2025
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Awaiting price reaction for this filing.
Broach Lifecare Hospital has submitted its half-yearly statement on the use of funds raised through its Initial Public Offer (IPO), which was allotted on August 19, 2024, raising Rs. 402 lakhs. The company has formally declared that there is NO deviation or variation in the use of these funds. According to the utilisation table, the four original objects of the IPO were: Purchase of Medical Equipment (Rs. 155.00 lakhs), Medical Tourism Portal Development (Rs. 48.00 lakhs), General Corporate Purposes (Rs. 75.00 lakhs), and Issue Related Expenses (Rs. 19.55 lakhs). The company has noted that an order has already been placed for the medical equipment. Neither the Audit Committee nor the auditors have flagged any concerns.
This is a routine regulatory compliance filing under SEBI rules and is broadly neutral for shareholders. The 'no deviation' declaration means the small-cap hospital is using IPO proceeds as originally promised in its prospectus, which is mildly reassuring for retail investors, though the IPO size is very small (around Rs. 4 crore).