Statement on deviation or variation for half year ended 31.03.2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Hannah Joseph Hospital Limited has filed a compliance statement confirming no deviation or variation in the utilization of IPO proceeds for the half year ended March 31, 2026. The company raised Rs. 4,200 lakhs through its IPO (allotted on January 29, 2026). Of this, Rs. 753.29 lakhs has been utilized so far, with Rs. 3,446.71 lakhs remaining unutilized. The largest allocation of Rs. 3,498.21 lakhs was meant for establishing a Radiation Oncology Centre, but only Rs. 70.80 lakhs (about 2%) has been spent. The unutilized funds are held in Fixed Deposits. General corporate purposes (Rs. 32.15 lakhs) was fully utilized, and issue-related expenses (Rs. 650.34 lakhs of Rs. 669.64 lakhs) are nearly complete. The statement was reviewed by the Audit Committee and approved by the Board on May 29, 2026, and certified by chartered accountants.
Positive for shareholders as no fund diversion occurred, indicating proper use of IPO proceeds. However, the slow utilization of capital for the Radiation Oncology Centre suggests the project is in early stages or facing delays, which investors should monitor for future updates on the hospital's expansion timeline.