KIMS Hospitals Project Update Amidst Trust Dispute

Krishna Institute of Medical Sciences Ltd (KIMS Hospitals) provides an update on its super speciality hospital project in Chennai. The project, a long-term lease of land from Andhra Mahila Sabha Trust, is facing legal challenges concerning the Trust's administration. While a representative suit has been filed and allowed to proceed, KIMS Hospitals clarifies that these proceedings relate to the Trust's internal matters and do not impose any injunctions or stays on the project. The company asserts that its rights under the lease agreement remain intact, and the project's commercial viability is unaffected. The legal proceedings are pending adjudication on their merits.