Statement of deviation and variation for 31 december 2025
GKSL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The company has submitted a compliance statement under SEBI Listing Regulations confirming there has been no deviation or variation in the use of proceeds from its public issue of equity shares. The company raised ₹250.8 crore (Rs. 2,508,000,000) through the public issue on 24 December 2025, with Brickwork Ratings acting as the monitoring agency. The raised funds were earmarked for 8 stated purposes, including the proposed acquisition of Parekh's Hospital (₹77 crore), part payment for Ashwini Medical Centre (₹12.4 crore), acquiring additional stake in Harmony Medicare (₹10.78 crore), setting up a new women's hospital in Vadodara (₹30.1 crore), buying robotics equipment (₹6.83 crore), general corporate purposes and inorganic growth (₹87.44 crore), and issue expenses (₹25.05 crore). For the reporting quarter, the company has utilised NIL funds across all objects, and the Audit Committee and auditors have raised no comments.
This is a routine regulatory compliance filing confirming IPO proceeds are being deployed as originally disclosed, which is mildly positive for investor confidence. However, zero utilisation in the first reporting quarter may raise questions about the pace of deployment, though it is still very early since the funds were raised mid-December 2025.