Regulatory21 May 2026, 07:31 pm
Broach Lifecare: Deviation Statement for IPO Funds as of Mar 31, 2026
AI Summary
Broach Lifecare Hospital Ltd filed a statement of deviations and variations of funds raised through its IPO as of March 31, 2026, under Regulation 32(1) of SEBI (LODR) Regulations, 2015. The IPO, which occurred on August 19, 2024, raised ₹402 Lakhs. The report indicates no deviation in the use of funds. The original allocation included ₹262.45 Lakhs for machinery purchase, ₹75.00 Lakhs for a medical tourism portal, ₹19.55 Lakhs for general corporate purposes, and ₹45.00 Lakhs for issue-related expenses. Funds utilized were ₹194.95 Lakhs, ₹48.00 Lakhs, ₹19.55 Lakhs, and ₹45.00 Lakhs respectively, with no reported deviations.
Key Highlights
- Broach Lifecare reports no deviation in IPO fund utilization as of March 31, 2026.
- IPO raised ₹402 Lakhs on August 19, 2024, allocated to machinery, portal, general, and issue expenses.
- Audit committee and auditors reported nil comments on fund utilization.
- ₹194.95 Lakhs utilized for machinery, ₹48.00 Lakhs for portal, ₹19.55 Lakhs for corporate, and ₹45.00 Lakhs for issue expenses.
Price Impact
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