Bajaj Healthcare Limited — Others, 14-11-2024: Monitoring Agency Report

Bajaj Healthcare Limited has shared the Monitoring Agency Report for the quarter ended September 30, 2024, regarding its Rs. 204.97 crore preferential issue. The company has successfully utilized the funds as planned, with some deviations in lender-wise repayments under working capital objects, which have been clarified. Notably, Rs. 2.25 crore allocated for repaying an unsecured loan to a promoter will require board approval to modify the definition of General Corporate Purpose (GCP) accordingly. This update may foster a positive outlook among investors, though attention is warranted on the reclassification of GCP expenditures.