We hereby submit Monitoring Agency Report for the quarter ended March 31, 2026 - IPO.
YATHARTH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
CARE Ratings Limited, the monitoring agency for Yatharth Hospital's IPO, has submitted its Q4FY26 report. The company raised Rs 569.71 crore via IPO in July 2023 and has utilized Rs 521.26 crore (91.5%), leaving Rs 48.45 crore unutilized and parked in Axis Bank fixed deposits. No fresh deployment occurred during Q4FY26. The monitoring agency flagged ongoing delays in implementation schedules for subsidiary borrowings repayment, subsidiary capital expenditure, and general corporate purposes—all originally planned for completion by March 2025. While there are no material deviations from stated objects, the MA notes that the delays may lead to cost overruns and could affect viability of the stated objectives. All necessary government approvals have been obtained.
The unutilized Rs 48.45 crore sitting in bank deposits, combined with ongoing delays past the March 2025 deadline, raises concerns about project execution. Shareholders should monitor whether these delays result in cost escalations or require additional fundraising, as the MA has flagged potential viability risks.