Clinitech Laboratory Ltd — Updates, 23-05-2025: Company Update

Clinitech Laboratory Limited has announced a statement on the utilization of funds raised through its IPO of INR 578.30 lakhs. As of the quarter ended March 31, 2025, there has been no deviation in the use of these funds, which were primarily allocated for the expansion of diagnostic centres, general corporate purposes, and IPO-related expenses. The company has utilized INR 378.30 lakhs so far, maintaining alignment with its original funding objectives, providing assurance on its financial discipline and operational planning.