KIKrishna Institute of Medical Sciences543308Routine SEBI update

Nil deviation in use of warrant proceeds for quarter ended 30 September 2026

KIMS shared its quarterly statement on funds raised via warrants to the Promoter & Promoter group.

By ScoutQuest · Wed 4 Nov 2026, 9:01 PM IST · 2 min read

Amount raised via warrants

Rs. 600 Cr raised on 19th August, 2026; Rs. 150 Cr (25%) received

Deviation or variation

NIL deviation or variation for the quarter ended 30th September, 2026

Utilisation by object

Rs. 150 Cr used for General Corporate Purposes; debt-repayment portions unutilised so far

What the company reported

• The company shared its statement of deviation or variation for the quarter ended 30th September, 2026, covering funds raised through issue of Warrants to the Promoter & Promoter group.
• It confirmed there was NIL deviation or variation in the utilisation of these proceeds from the objects stated in the Postal Ballot Notice dated 15th June, 2026.
• The Audit Committee, in its meeting held on 4th November, 2026, noted that there is NIL deviation or variation in the utilisation of the funds.
• The comments of the auditors, if any, are shown as None.

The fund-raising numbers

• Date of raising funds: 19th August, 2026.
• Amount Raised: Rs. 600 Cr.
• Amount Received: Rs. 150 Cr, described as 25% of the amount raised.
• Monitoring Agency: Applicable; CARE Ratings Limited is named as the monitoring agency.

Where the money is earmarked

• Repayment or prepayment, in full or part, of certain outstanding borrowings of KIMS: original allocation Rs. 260.00 crore; funds utilised Rs. 0.00 crore.
• Investment into KIMS Hospitals Bengaluru Private Limited and Arunodaya Hospitals Private Limited for repayment or prepayment of their borrowings: original allocation Rs. 190.00 crore; funds utilised Rs. 0.00 crore.
• General Corporate Purposes: original allocation Rs. 150.00 crore; funds utilised Rs. 150.00 crore.
• Total original allocation Rs. 600.00 crore; amount received Rs. 150.00 crore; amount of deviation or variation for the quarter is NIL against each object.

How to read this

This is a routine quarterly check that tells investors whether money raised was used for the purposes it was taken for. Here the answer is that nothing changed: the objects and their allocations are as originally stated, and the deviation column shows Nil for every head.

Of the Rs. 150 Cr received so far, the entire amount has gone to General Corporate Purposes, which is the smallest of the three allocations at Rs. 150.00 crore. The two debt-repayment heads, which together account for Rs. 450.00 crore of the Rs. 600.00 crore plan, show Rs. 0.00 crore utilised for the quarter.

Because only 25% of the amount raised has been received, the picture on utilisation will build up as the remaining portion comes in over time.

In short

The update carries no change in the use of funds and no reported deviation, which is the compliance-relevant takeaway for the quarter.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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