Yatharth Hospital & Trauma Care Services Limited has submitted the Monitoring Agency Report for the utilization of proceeds from its Qualified Institutional Placement (QIP), ending December 31, 2025. The report, issued by Crisil Ratings Limited, confirms that the gross proceeds of ₹6,249.95 million were substantially utilized. Key expenditures covered hospital acquisition costs and medical equipment purchases. The Audit Committee reviewed and took note of this report on February 05, 2026.
QIP Monitoring Report Submitted for Q3 FY2026
Yatharth Hospital & Trauma Care Services Limited has provided the required update regarding the utilization of funds raised through its Qualified Institutional Placement (QIP). The Monitoring Agency Report, prepared by Crisil Ratings Limited, covers the quarter ended December 31, 2025.
Summary of Proceeds and Utilization
The initial fund raise involved Gross Proceeds of ₹6,249.95 million. After deducting Issue Expenses totaling ₹210.95 million, the Net Proceeds monitored stood at ₹6,039.00 million. The company confirmed that all utilization was in line with the disclosures made in the Offer Document.
Progress Against Objects (Rs. in million)
- Repayment of Borrowings: The earmarked amount of ₹956.80 million was fully utilized during Fiscal 2025.
- Hospital Acquisition Costs: The company utilized ₹2,173.85 million for acquiring two hospitals located in Model Town (Delhi) and Faridabad (Haryana). The total utilized amount matches the allocated figure, resulting in Nil unutilized amount for this object.
- Medical Equipment Purchase: Against an allocation of ₹1,517.36 million, ₹1,129.70 million was utilized as of the reporting date. A balance of ₹387.66 million is remaining for utilization during Fiscal 2026.
- General Corporate Purposes: The full allocated amount of ₹1,390.99 million has been utilized during the period.
Unutilized Proceeds Deployment
As of December 31, 2025, the total unutilized proceeds amounted to ₹387.66 million. These funds were temporarily deployed in short-term, safe instruments to earn returns while awaiting deployment for the remaining equipment purchase object.
The unutilized funds were held primarily in:
- Fixed Deposits (FDs) with Punjab National Bank, totaling ₹350.00 million.
- Balance in Monitoring Account (Kotak Mahindra Bank): ₹25.46 million.
- Balance in Current Accounts: ₹20.59 million.
The Monitoring Agency noted that the remaining balance of ₹387.66 million is planned to be utilized for the purchase of medical equipment during Fiscal 2026.
Compliance Status
The report confirmed that necessary approvals related to Hospital registration, Consent to operate, and various licenses have been received. Furthermore, the hospitals situated at Model Town and Faridabad have commenced medical service activities on July 14, 2025, and September 22, 2025, respectively.
Source: BSE
