Medi Assist Healthcare: No Deviation in Preferential Issue Fund Utilization

Medi Assist Healthcare Services Ltd has submitted its statement on the utilization of funds raised through a Preferential Issue for the quarter ended June 30, 2026. The company confirms there has been no deviation or variation in the utilization of the ₹1,98,00,35,000 raised. The funds were allocated for investment in its subsidiary, Medi Assist Insurance TPA Pvt. Limited, for debt repayment, and for general corporate purposes, including the acquisition of an additional stake in its UK subsidiary, Mayfair We Care Limited. The statement, reviewed by the Audit Committee and Board, also includes a Monitoring Agency Report from CARE Ratings Limited, which also found no deviation. A minor transaction involving the redemption and transfer of ₹7.5 crore from mutual funds to the company's current account for approved purposes was explained, with debits occurring shortly after the quarter end.