HealthCare Global Enterprises Ltd Reports No Deviation in Rights Issue Fund Utilization
HealthCare Global Enterprises Ltd has filed a statement confirming no deviation or variation in the utilization of funds raised through its Rights Issue for the quarter ended June 30, 2026. The funds, amounting to ₹424.68 crore raised on March 27, 2026, were utilized as per the objects stated in the Letter of Offer dated February 24, 2026. Minor variations were observed in 'General Corporate Purposes' and 'Issue related expenses', with actual utilization being ₹95.83 crore and ₹4.81 crore respectively, against allocated amounts of ₹95.57 crore and ₹5.07 crore. The unutilized amount from issue expenses was reallocated to general corporate purposes. The statement has been reviewed by the Audit Committee.
Key Highlights
- No deviation reported in Rights Issue fund utilization for Q2 FY27.
- ₹424.68 crore raised via Rights Issue on March 27, 2026.
- Minor reallocations within 'General Corporate Purposes' and 'Issue Expenses'.
- Audit Committee reviewed and confirmed the fund utilization statement.
- Information available on the company website and filed with stock exchanges.
Price Impact
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