Corporate Governance30 Oct 2026, 07:30 pm
Medi Assist Healthcare: No Deviation in Preferential Issue Fund Utilization
AI Summary
Medi Assist Healthcare Services Ltd has reported no deviation or variation in the utilization of funds raised through its Preferential Issue for the quarter ended September 30, 2026. The company raised INR 1,98,00,35,000/- on October 10, 2025. Funds were allocated for investment in its subsidiary, Medi Assist Insurance TPA Pvt. Limited, for debt prepayment (₹150.00 Crore) and for general corporate purposes (₹48.0035 Crore). A total of ₹155.97 Crore has been utilized to date. The statement was reviewed by the Audit Committee and the Board, and a Monitoring Agency Report from CARE Ratings Limited confirmed the compliance.
Key Highlights
- No deviation reported in preferential issue fund utilization for Q2 FY27.
- ₹1,98,00,35,000 raised via preferential issue in October 2025.
- Funds utilized for subsidiary investment and general corporate purposes.
- Total utilization stands at ₹155.97 Crore as of September 30, 2026.
- CARE Ratings Limited monitoring agency report confirms compliance.
Price Impact
More from MEDIASSIST