Blue Jet Healthcare Limited has submitted its Monitoring Agency Report for the quarter ended September 30, 2026. This report, prepared by CARE Ratings Limited, details the utilization of funds raised through a Qualified Institutional Placement (QIP). The company confirmed that the report was reviewed and approved by its Audit Committee and Board of Directors on November 5, 2026.
QIP Fund Utilization Update
Blue Jet Healthcare Limited has officially released its Monitoring Agency Report concerning the utilization of funds raised via a Qualified Institutional Placement (QIP). The report covers the period ending September 30, 2026 and has been prepared by CARE Ratings Limited, acting as the Monitoring Agency.
Board Approval and Transparency
The company’s Audit Committee and the Board of Directors have reviewed and approved the Monitoring Agency Report. This approval was formalized during a meeting held on November 5, 2026. Blue Jet Healthcare Limited is committed to transparency and has made the information available on its official website, www.bluejethealthcare.com.
Report Highlights
The report, submitted in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, provides an objective view of how the QIP proceeds have been utilized against the stated objects of the issue. As per the report, fund utilization during the quarter has been in line with the offer document. Notably, out of unutilized funds parked in fixed deposits totaling ₹250 crore, ₹150 crore has been placed in FDs from the current account. The report also details various aspects of fund deployment, including capital expenditure, working capital requirements, and general corporate purposes, with no major deviations identified.
Investment Details
As of the end of the quarter, the total unutilized proceeds amounted to ₹554.08 crore. These unutilized funds have been invested in various instruments, including mutual funds (market value ₹304.52 crore) and fixed deposits with HDFC Bank and Kotak Mahindra Bank, approved as per the placement document and the company’s investment policies.
Source: BSE
