Regulatory3 Aug 2026, 07:20 pm
KIMS Hospitals Reports NIL Deviation in QIP Fund Utilization
AI Summary
Krishna Institute of Medical Sciences Ltd (KIMS) has reported no deviation in the utilization of funds raised through Qualified Institutional Placement (QIP) for the quarter ended June 30, 2026. The funds, raised via a Placement Document dated June 19, 2026, amounting to ₹1500 Cr, were utilized as per the stated objects. The utilization included ₹910 Cr for repayment of borrowings, ₹215 Cr for investment in subsidiaries for debt repayment, ₹351.45 Cr for general corporate purposes, and ₹23.55 Cr for issue expenses. The Audit Committee reviewed the statement and confirmed NIL deviation or variation. The total funds utilized during the quarter were ₹1086.49 Cr.
Key Highlights
- KIMS confirms NIL deviation in QIP fund utilization for Q2 FY27.
- ₹1500 Cr raised via QIP on June 19, 2026, utilized as planned.
- Funds allocated to debt repayment, subsidiary investments, and general corporate purposes.
- Audit Committee reviewed and approved the fund utilization statement.
- Total utilization reported at ₹1086.49 Cr for the quarter.
Price Impact
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