BSECompany Update4d ago · 4 Nov 2026, 08:52 pm
QIP - Monitoring Agency Report
Krishna Institute of Medical Sciences Ltd · 543308
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Krishna Institute of Medical Sciences Ltd has submitted a Monitoring Agency Report for the quarter ended September 30, 2026, as required by SEBI regulations, following the QIP issue of ₹1,500 crores. The report, issued by CARE Ratings Limited, confirms that there were no deviations from the objects of the issue.
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Krishna Institute of Medical Sciences Ltd - 543308 - Announcement under Regulation 30 (LODR)-Monitoring Agency Report
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4th November, 2026
To, To,
The Secretary, The Secretary,
Bombay Stock Exchange Ltd (BSE) National Stock Exchange (NSE),
Phiroze Jheejheebhoy Towers, Exchange Plaza,
Dalal Street, 5th Floor Plot No.C/1, 'G' Block
Mumbai - 400 001. Bandra - Kurla Complex
Scrip Code - 543308 Mumbai - 400 051.
ISIN: INE967H01025 Symbol - KIMS
Dear Sir/ Madam
Sub: Monitoring Agency Report for the quarter ended September 30, 2026
Ref: Funds raised through Qualified Institutional Placement.
Pursuant to Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015 read with Regulation 162A(4) of SEBI (Issue of Capital and Disclosure Requirements) Regulations,
2018, the Monitoring Agency Report for the quarter ended on 30th September, 2026, issued by CARE
Ratings Limited, duly reviewed by the Audit Committee of the Company is enclosed herewith.
Kindly take the above on your records.
Thanking You,
Yours truly
For Krishna Institute of Medical Sciences Limited
Nagajayanthi J. R
Company Secretary and Compliance Officer
No. CARE/HRO/GEN/2026-27/1025
The Board of Directors
Shri B. Bhaskara Rao
Managing Director
Krishna Institute of Medical Sciences Limited
D.No. 1-8-31/1,
Minister Road,
Secunderabad
Telangana - 500003
November 04, 2026
Dear Sir,
Monitoring Agency Report for the quarter ended September 30, 2026 in relation to the QIP issue of
Krishna Institute of Medical Sciences Limited (“the Company” or “KIMS”)
We write in our capacity of Monitoring Agency for the QIP issue for the amount aggregating to Rs. 1,500 crores of the
Company and refer to our duties cast under 173A of the Securities & Exchange Board of India (Issue of Capital & Disclosure
Requirements) Regulations, amended from time to time.
In this connection, we are enclosing the Monitoring Agency Report for the quarter ended September 30, 2026 as per
aforesaid SEBI Regulations and Monitoring Agency Agreement dated June 16, 2026.
Request you to kindly take the same on records.
Thanking you,
Yours faithfully,
Pritesh Rathi
Associate Director
Pritesh.Rathi@careedge.in
CARE Ratings Limited
401, Ashoka Scintilla, 3-6-520, Himayat Nagar, Corporate Office :4th Floor, Godrej Coliseum,
Hyderabad - 500 029 Somaiya Hospital Road, Off Eastern Express
Phone: +91-40-4010 2030 Highway, Sion (E), Mumbai - 400 022
Phone: +91-22-6754 3456 • www.careedge.in
Page 1 of 11
Report of the Monitoring Agency
Name of the issuer: Krishna Institute of Medical Sciences Ltd
For quarter ended: September 30, 2026
Name of the Monitoring Agency: CARE Ratings Limited
(a) Deviation from the objects: Nil
(b) Range of Deviation: Nil
Declaration:
We declare that this report provides an objective view of the utilization of the issue proceeds in relation to the objects of
the issue based on the information provided by the Issuer and information obtained from sources believed by it to be
accurate and reliable. The MA does not perform an audit and undertakes no independent verification of any information/
certifications/ statements it receives. This Report is not intended to create any legally binding obligations on the MA which
accepts no responsibility, whatsoever, for loss or damage from the use of the said information. The views and opinions
expressed herein do not constitute the opinion of MA to deal in any security of the Issuer in any manner whatsoever.
Nothing mentioned in this report is intended to or should be construed as creating a fiduciary relationship between the MA
and any issuer or between the agency and any user of this report. The MA and its affiliates also do not act as an expert as
defined under Section 2(38) of the Companies Act, 2013.
The MA or its affiliates may have credit rating or other commercial transactions with the entity to which the report pertains
and may receive separate compensation for its ratings and certain credit related analyses. We confirm that there is no
conflict of interest in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the
issuer, or while undertaking credit rating or other commercial transactions with the entity.
We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments, where
applicable. There are certain sections of the report under the title “Comments of the Board of Directors”, that shall be
captured by the Issuer’s Management / Audit Committee of the Board of Directors subsequent to the MA submitting their
report to the issuer and before dissemination of the report through stock exchanges. These sections have not been reviewed
by the MA, and the MA takes no responsibility for such comments of the issuer’s Management/Board.
Signature:
Name and designation of the Authorized Signatory: Pritesh Rathi
Designation of Authorized person/Signing Authority: Associate Director
CARE Ratings Limited
401, Ashoka Scintilla, 3-6-520, Himayat Nagar, Corporate Office :4th Floor, Godrej Coliseum,
Hyderabad - 500 029 Somaiya Hospital Road, Off Eastern Express
Phone: +91-40-4010 2030 Highway, Sion (E), Mumbai - 400 022
Phone: +91-22-6754 3456 • www.careedge.in
Page 2 of 11
1) Issuer Details:
Name of the issuer : Krishna Institute of Medical Sciences Limited
Name of the promoter : Mr. Bhaskara Rao Bollineni, Mrs. Rajyasri Bollineni, Mr. Abhinay Bollineni and Bluebridge Capital Private Limited
Industry/sector to which it belongs : Healthcare
2) Issue Details
Issue Period : June 16, 2026 to June 19, 2026
Type of issue (public/rights) : QIP
Type of specified securities : Shares
IPO Grading, if any : NA
Issue size (in crore) : ₹1,500 crore
3) Details of the arrangement made to ensure the monitoring of issue proceeds:
CARE Ratings Limited
401, Ashoka Scintilla, 3-6-520, Himayat Nagar, Corporate Office :4th Floor, Godrej Coliseum,
Hyderabad - 500 029 Somaiya Hospital Road, Off Eastern Express
Phone: +91-40-4010 2030 Highway, Sion (E), Mumbai - 400 022
Phone: +91-22-6754 3456 • www.careedge.in
Page 3 of 11
Source of information /
Comments of
certifications considered by Comments of the
Particulars Reply the Board of
Monitoring Agency for Monitoring Agency
Directors
preparation of report
Chartered Accountant certificate*, As per the placement document, the net
Whether all utilization is as per the disclosures in the Offer utilization certificate from the proceeds of ₹1,476.45 crore are to be utilised No comments
Document? management^, Bank statements and by FY27. Till Q2FY27, the company has utilised received
Loan account statements. ₹1,311.81 crores.
No material
Whether shareholder approval has been obtained in case of
deviation. As confirmed by the issuer’s No comments
material deviations# from expenditures disclosed in the Offer Nil
Hence, not management received
Document?
applicable
Whether the means of finance for the disclosed objects of the As confirmed by the issuer’s No comments
No Nil
issue have changed? management received
Is there any major deviation observed over the earlier No comments
No Q1FY27 MA report Nil
monitoring agency reports? received
Whether all Government/statutory approvals related to the No comments
Not applicable Confirmation from management Nil
object(s) have been obtained? received
Whether all arrangements pertaining to technical No comments
Not applicable Confirmation from management Nil
assistance/collaboration are in operation? received
Are there any favorable/unfavorable events affecting the No major No comments
Confirmation from management Nil
viability of these object(s)? events received
For utilisation towards general corporate
purposes (GCP), the proceeds from the QIP
were transferred into the company’s and
Is there any other relevant information that may materially No comments
No Confirmation from management subsidiary companies’ current accounts. As
affect the decision making of the investors? received
these accounts are also used for routine
business transactions, the monitored proceeds
were commingled with regular business funds.
CARE Ratings Limited
401, As
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