NSEGeneral Updates2d ago · 16 Sept 2026, 04:54 pm

General Updates

Krsnaa Diagnostics Limited · KRSNAA

✦ AI Summary▲ PositiveExpansion

Krsnaa Diagnostics Limited has entered the PET-CT diagnostic services segment through a Public Private Partnership (PPP) model with the Department of Health & Family Welfare, Government of Punjab, for the development, operation, and maintenance of PET-CT Diagnostic Facilities at 4 government hospitals in Punjab. The project is a 15-year concession agreement with a cash-based revenue model, providing long-term revenue visibility.

Analysis Scores

Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment8/10

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Krsnaa Diagnostics Limited has informed the Exchange about General Updates

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KRSNAA_16092026165423_543328.pdf

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Date: September 16, 2026 Ref. No.: KDL/SE/045/2026-27 To, To, BSE Limited National Stock Exchange of India Limited Corporate Relationship Department Exchange Plaza, Plot No. C-1, Block G, 25th Floor, Phiroze Jeejeebhoy Towers Bandra Kurla Complex, Bandra (East) Dalal Street, Mumbai- 400001 Mumbai – 400051 Scrip Code: 543328 NSE Symbol: KRSNAA Dear Sir/Madam, Subject: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Execution of Concession Agreement for PET-CT Diagnostic Facilities at Selected Locations in the State of Punjab Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that, pursuant to the Letter of Award dated August 14, 2026 issued by the Department of Health & Family Welfare, Government of Punjab, acting through Punjab Health Systems Corporation (PHSC) (“Authority”), and the Company’s acceptance thereof, all requisite formalities as per the tender requirements leading to the execution of the Concession Agreement have been completed with the Authority for development, operation and maintenance of PET-CT Diagnostic Facilities at 4 (four) selected Government Hospitals in Punjab. The Company has historically taken a measured approach towards the PET-CT segment and had not pursued opportunities in this segment earlier. However, considering the growing demand for PET-CT diagnostic services and the opportunity to leverage its established capabilities in government healthcare partnerships, the Company has now decided to enter this segment through a PPP opportunity. The project will be implemented under the Public Private Partnership (PPP) model in the Design, Build, Finance, Operate, Maintain and Transfer (DBFOT) format for a Concession Period of 15 (fifteen) years. This marks a meaningful expansion of the Company's revenue base into a new diagnostic service line, with long-term cash revenue visibility over the 15-year Concession Period. The project represents a considered expansion of the Company's diagnostic services portfolio into a specialised and growing area of healthcare delivery, while building on Krsnaa's established experience of partnering with State Governments. The combination of a long-term concession framework, cash-based revenue model and access to established Government Hospital locations provides a strong foundation for the Company's measured entry into the PET-CT segment and further diversifies its revenue opportunities. It also strengthens the Company's rapidly growing cash portfolio of government PPP partnerships across India and supports its continued focus on expanding access to advanced diagnostic infrastructure and quality healthcare services. The details required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with the SEBI Master Circular dated January 30, 2026 (as amended from time to time) are enclosed as Annexure. You are requested to take the above information on your record. For Krsnaa Diagnostics Limited Sujoy Sudipta Bose Company Secretary and Compliance Officer Annexure Particulars Company Remarks Name of the entity awarding the Department of Health & Family Welfare, Government of order(s)/contract(s) Punjab, acting through Punjab Health Systems Corporation (PHSC). Significant terms and conditions of Development, operation and maintenance of PET-CT order(s)/contract(s) awarded in brief Diagnostic Facilities at 4 (four) Government Hospitals in Punjab on a Public Private Partnership (PPP) basis under the Design, Build, Finance, Operate, Maintain and Transfer (DBFOT) format, for a Concession Period of 15 (fifteen) years. The project represents the Company's entry into the PET-CT diagnostic services segment, pursuant to the growing demand for advanced oncology diagnostics and the Company's considered assessment of the opportunity. Whether order(s) / contract(s) have Domestic entity been awarded by domestic/ international entity Nature of order(s) / contract(s) Concession Agreement for development, operation and maintenance of PET-CT Diagnostic Facilities at selected locations in Punjab on PPP mode under the DBFOT format. Time period by which the The Company, through its Concessionaire, has executed the order(s)/contract(s) is to be executed Concession Agreement with the Authority in compliance with the tender terms. The Concession Period shall be 15 (fifteen) years. Broad consideration or size of the The consideration cannot be determined upfront as the order(s)/contract(s) project is structured on a cash-based model, with revenues dependent on the actual number of PET-CT scans undertaken and the applicable user charges. The project provides the Company with a new revenue stream and long- term revenue visibility over the 15 (fifteen)-year Concession Period Whether the promoter/ promoter Not Applicable group / group companies have any interest in the entity that awarded the order(s)/contract(s)? If yes, nature of interest and details thereof Whether the order(s)/contract(s) Not Applicable would fall within related party transactions? If yes, whether the same is done at “arm’s length”