StockWatch
·
Hospital
Corporate Action30 Oct 2026, 06:41 pm

Artemis Medicare Services: Monitoring Report for Preferential Issue

AI Summary

Artemis Medicare Services Ltd has submitted its Monitoring Agency Report for the quarter ended September 30, 2026, concerning the utilization of proceeds from its preferential issue of ₹330 crore. CARE Ratings Limited, the monitoring agency, has confirmed that there have been no deviations from the stated objectives of the issue. The report, reviewed by the company's Audit Committee, indicates that the proceeds are intended for an acquisition or capital expenditure, with necessary approvals to be monitored at that stage. The company has also confirmed that technical assistance/collaboration is not required as per the issue's objectives.

Key Highlights

  • Monitoring Agency Report for Q3 FY27 submitted.
  • No deviation from preferential issue objectives confirmed.
  • Proceeds earmarked for acquisition or capital expenditure.
  • Audit Committee reviewed the report.
  • Report available on company website.