Corporate Governance31 Oct 2026, 06:30 pm
Broach Lifecare Hospital IPO Fund Utilization Statement Filed
AI Summary
Broach Lifecare Hospital Ltd has filed its Statement of Deviations and Variations in the Utilization of Funds raised through its Initial Public Offering (IPO). The report, as of September 30, 2026, indicates that the total funds raised were ₹402 Lakhs (₹4.02 Crore). The company has utilized ₹307.50 Lakhs (₹3.075 Crore) for various purposes including the purchase of medical equipment, development of a medical tourism portal, general corporate expenses, and issue-related expenses. The Audit Committee has reviewed the statement and noted no deviation or variation in the use of funds raised.
Key Highlights
- IPO fund utilization statement filed for the quarter ending September 30, 2026.
- Total funds raised via IPO: ₹402 Lakhs (₹4.02 Crore).
- ₹307.50 Lakhs (₹3.075 Crore) utilized as of the reporting date.
- Audit Committee noted no deviation or variation in fund utilization.
- Funds used for medical equipment, portal development, and corporate expenses.
Price Impact
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