Asarfi Hospital Ltd — Important, 30-05-2026: Company Update

Asarfi Hospital Limited has confirmed no material deviation in the utilization of its Initial Public Issue (IPO) proceeds for the year ended March 31, 2026. The company successfully raised approximately Rs. 26.94 Cr through its IPO, and these funds have been deployed exactly as outlined in the offer document. This includes Rs. 12.22 Cr for capital expenditure on a cancer hospital, Rs. 7.65 Cr for acquiring land for a research institute, Rs. 3.83 Cr for issue-related expenses, and Rs. 3.23 Cr for general corporate purposes. This update assures investors that IPO funds were used transparently for their intended objectives.