We hereby submit Monitoring Agency Report for the quarter ended March 31, 2026 - QIP.
YATHARTH · price
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Crisil Ratings Limited, as the Monitoring Agency, has submitted its final report on the utilization of QIP proceeds for Yatharth Hospital & Trauma Care Services. The QIP was completed in December 2024, raising gross proceeds of Rs 6,249.95 million (net: Rs 6,039.00 million). All four deployment categories — debt repayment (Rs 956.80 million), hospital acquisitions (Rs 2,173.85 million), medical equipment (Rs 1,517.36 million), and general corporate purposes (Rs 1,390.99 million) — are fully utilized with no unutilized balance remaining. A minor deviation was noted: Rs 0.46 million was inadvertently used for non-specified purposes during the quarter but was promptly rectified by transferring equivalent funds from internal accruals. Both newly acquired hospitals (Model Town, Delhi and Sector 20, Faridabad) became operational in July and September 2025 respectively. All statutory and operational approvals are in place.
The minor fund deviation was immaterial (0.01%) and was self-corrected, so no shareholder action is required. The QIP proceeds have been fully deployed in line with stated objects, which is a positive indicator of execution.