Rainbow Childrens Medicare Limited — Others, 13-05-2025: Monitoring Agency Report

Rainbow Children’s Medicare Limited has announced a Monitoring Agency report from HDFC Bank on its IPO proceeds utilization. The company has deployed Rs. 2676.10 million largely as planned: Rs. 400 million for early redemption of Non-Convertible Debentures, Rs. 1,700 million toward capital expenditure for new hospitals and medical equipment, including civil works and infrastructure progress, and Rs. 576.10 million for general corporate purposes, fully utilized. There were no deviations or delays, demonstrating disciplined use of funds aligned with its growth plans and benefiting shareholders through operational expansion.