Regulatory30 May 2026, 01:02 pm
Asarfi Hospital: No Deviation in Use of ₹26.94 Cr Funds
AI Summary
Asarfi Hospital Ltd reports no material deviation in the use of proceeds from its public issue of 5,180,000 equity shares, with a face value of ₹10 each, totaling ₹26.94 Cr. The funds were raised on July 26, 2023, for purposes outlined in the offer document, including capital expenditure for a cancer hospital, land acquisition, and general corporate purposes. A statement of deviation/variation has been enclosed, as per SEBI regulations.
Key Highlights
- Asarfi Hospital confirms no deviation in the use of ₹26.94 Cr raised via public issue.
- Funds utilized as per original objectives, including cancer hospital and land acquisition.
- The report is for the year ended March 31, 2026, complying with SEBI regulations.
- Original allocation for Part Funding of Capital Expenditure for Cancer Hospital at Ranguni, Jharkhand was Rs.1221.60 Lakhs.
- Original allocation for Acquiring Land on Leasehold basis for Health Management and Research Institute at Ranchi, Jharkhand was Rs.765.43 Lakhs.
Price Impact
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