Zota Health Care LImited — Others, 15-05-2025: Monitoring Agency Report

Zota Health Care Limited has announced that Rs 35.59 crore of the Rs 77.13 crore raised through its Preferential Issue has been utilized mainly for expanding the 'DAVAINDIA' project and boosting working capital. The remaining Rs 41.50 crore is parked in fixed deposits at ICICI Bank, earning about 6.5% interest. The company has reported no delays or deviations in fund utilization, despite some reduction in the issue size due to partial non-subscription by an investor. This careful deployment supports their growth plans and operational needs.