Maitreya Medicare Limited — Others, 23-05-2025: Statement of deviation(s) or variation(s) under Reg. 32

Maitreya Medicare Limited has confirmed no deviation in the use of its IPO proceeds for the half-year ended September 30, 2024, correcting a prior submission. The company fully utilized Rs. 750 lakh for hospital setup via its subsidiary, Rs. 500 lakh for working capital, and Rs. 139.12 lakh for corporate expenses. A portion of the Rs. 100 lakh allocated for redeeming preference shares was spent, with the remainder held in the bank. The Audit Committee’s approval underscores strong financial discipline and transparency.