Pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors of Deep Health ....
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Deep Health AI India Limited (formerly Deep Diamond India Limited) has declared audited standalone financial results for FY2026. Total income surged to Rs. 849.02 Lacs from Rs. 200.54 Lacs in the previous year, representing revenue growth of over 320%. Profit after tax stood at Rs. 129.91 Lacs versus Rs. 86.07 Lacs, showing 51% growth. However, the company recorded an exceptional loss of Rs. 577.84 Lacs due to the failed acquisition of Oasis Ceramics Pvt Ltd under IBC proceedings - the company failed to pay the balance Rs. 30 Cr consideration within the stipulated timeline, leading to bank guarantee invocation of Rs. 3.21 Crore and initiation of liquidation proceedings by the Committee of Creditors. Additionally, the company diverted Rs. 37.47 Crore of the Rs. 39.97 Crore Rights Issue proceeds to stock market investments instead of the stated objects (acquisition and general corporate purposes), which was later ratified by shareholders. Operating cash flow turned negative at Rs. 364.16 Lacs. The statutory auditor issued an unqualified opinion with no going concern doubts.
While core business revenue and PAT showed strong growth, the exceptional loss of Rs. 5.78 Crore significantly impacted bottom-line. The diversion of Rights Issue proceeds to stock investments and the failed acquisition expose the company to regulatory and operational risks. Negative operating cash flow further raises concerns about cash management.