We hereby submit Monitoring Agency Report for the quarter ended December 31, 2025 - QIP.
YATHARTH · price
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Yatharth Hospital has submitted the Crisil Ratings monitoring report on use of its QIP proceeds raised in December 2024 (gross issue of Rs 624.99 crore, net Rs 603.90 crore). Out of the net proceeds, Rs 565.13 crore has been utilized so far, with Rs 38.77 crore remaining unspent, entirely earmarked for purchase of medical equipment and to be used in FY26. Loan repayment (Rs 95.68 crore) and hospital acquisition costs for Model Town Delhi and Faridabad (Rs 217.38 crore) are fully utilized. General corporate purposes allocation (Rs 139.10 crore) is also fully used, including Rs 6.32 crore for salaries and Rs 7.55 crore for civil work at new hospitals. During Q3 FY26 alone, Rs 43.27 crore was deployed, and the unutilized Rs 39.60 crore is parked in fixed deposits and bank accounts. No deviation from the stated objects was observed, and both acquired hospitals commenced operations in July and September 2025.
The report confirms disciplined and largely on-track deployment of QIP funds with no deviations, supporting management credibility. Nearly all raise is deployed, with only a small remaining portion tied to medical equipment, suggesting limited further capex overhang from this QIP for shareholders.