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Quarterly Updates29 May 2026, 09:21 pm

Deep Health AI: Rights Issue Proceeds Fully Utilized; Deviation Statement

AI Summary

Deep Health AI India Ltd. reports full utilization of Rights Issue proceeds as of March 31, 2026, thus concluding the applicability of Regulation 32 filings. A statement of deviation and variation for the quarter and year ended March 31, 2026, reviewed by the Audit Committee on May 29, 2026, along with a Utilisation Certificate from M/s VRSK & Co. LLP, is enclosed. The rights issue raised ₹39,97,76,000 on October 6, 2025. Deviations included investment in equity shares and excessive issue expenses, approved by shareholders on January 22, 2026.

Key Highlights

  • Rights Issue proceeds fully utilized as of March 31, 2026.
  • Deviation statement for Q4 FY26 reviewed by the Audit Committee.
  • ₹39.97 Cr raised via Rights Issue on October 6, 2025.
  • Shareholder approval obtained on January 22, 2026, for deviations.
  • Auditor's Utilisation Certificate from M/s VRSK & Co. LLP enclosed.