BSECompany Update3d ago · 3 Aug 2026, 06:28 pm
Monitoring Agency Report for the quarter ended June 30, 2026
Artemis Medicare Services Ltd · 542919
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Artemis Medicare Services Ltd has received a Monitoring Agency Report for the quarter ended June 30, 2026, from CARE Ratings Limited, which has found no deviation from the objects of the Preferential Issue of ₹330 crore Compulsorily Convertible Debentures.
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Liquidity Impact8/10
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Artemis Medicare Services Ltd - 542919 - Announcement under Regulation 30 (LODR)-Monitoring Agency Report
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August 3, 2026
Listing Department, Listing Department,
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, Bandra-Kurla Complex, Phiroze Jeejeebhoy Towers,
Bandra (E), Dalal Street,
Mumbai – 400 051 Mumbai – 400 001
NSE Symbol: ARTEMISMED Scrip Code: 542919
Sub: Monitoring Agency Report for the quarter ended June 30, 2026
Dear Sir/Ma’am,
Pursuant to Regulation 32(6) of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015 read with Regulation 162A of the Securities and Exchange
Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, please find enclosed
herewith the Monitoring Agency Report for the quarter ended June 30, 2026 issued by CARE Ratings
Limited, Monitoring Agency, in respect of the utilization of the proceeds of the Preferential Issue.
The aforesaid Monitoring Agency Report has been duly reviewed by the Audit Committee at its meeting
held on August 3, 2026.
The same is also available on the website of the Company at www.artemishospitals.com/investors.
This is for your information and records.
Thanking you,
Yours faithfully,
For Artemis Medicare Services Limited
Poonam Makkar
Company Secretary & Compliance Officer
Encl.: As above
No. CARE/NRO/GEN/2026-27/1081
The Board of Directors
Artemis Medicare Services Limited
Sector 51, Gurugram, 122001, Haryana
August 03, 2026
Dear Sir/Ma’am,
Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Preferential Issue of Artemis
Medicare Services Limited (“the Company”)
We write in our capacity of Monitoring Agency (MA) for the Preferential Issue for the amount aggregating to ₹330 crore
of the Company and refer to our duties cast under 162A of the Securities & Exchange Board of India (Issue of Capital &
Disclosure Requirements) Regulations.
In this connection, we are enclosing the Monitoring Agency Report for the quarter ended June 30, 2026, as per aforesaid
SEBI Regulations and Monitoring Agency Agreement dated April 03, 2024.
Request you to kindly take the same on records.
Thanking you,
Yours faithfully,
Sandeep Aggarwal
Associate Director
sandeep.aggarwal@careedge.in
CARE Ratings Limited
9th floor, C-001/A2, Berger Towers, Sector 16B, 4th Floor, Godrej Coliseum, Somaiya Hospital
Noida, Road, Off Eastern Express Highway, Sion (East),
Gautam Budh Nagar, Uttar Pradesh -201301 Mumbai - 400 022
Phone: +91-120-4452000 Phone: +91-22-6754 3456
Email: care@careedge.in • www.careedge.in
CIN-L67190MH1993PLC071691
Report of the Monitoring Agency
Name of the issuer: Artemis Medicare Services Limited
For quarter ended: June 30, 2026
Name of the Monitoring Agency: CARE Ratings Limited
(a) Deviation from the objects: No
(b) Range of Deviation: Not applicable
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: Sandeep Aggarwal
Designation of Authorized person/Signing Authority: Associate Director
CARE Ratings Limited
9th floor, C-001/A2, Berger Towers, Sector 16B, 4th Floor, Godrej Coliseum, Somaiya Hospital
Noida, Road, Off Eastern Express Highway, Sion (East),
Gautam Budh Nagar, Uttar Pradesh -201301 Mumbai - 400 022
Phone: +91-120-4452000 Phone: +91-22-6754 3456
Email: care@careedge.in • www.careedge.in
CIN-L67190MH1993PLC071691
1) Issuer Details:
Name of the issuer : Artemis Medicare Services Limited
Name of the promoter : Mr. Onkar Kanwar and Constructive Finance Private Limited
Industry/sector to which it belongs : Healthcare Services - Hospital
2) Issue Details
Issue Period : Not Applicable
Type of issue (public/rights) : Preferential Issue
Type of specified securities : Compulsorily Convertible Debentures
IPO Grading, if any : Not Applicable
Issue size (in crore) : Rs. 330.00
CARE Ratings Limited
9th floor, C-001/A2, Berger Towers, Sector 16B, 4th Floor, Godrej Coliseum, Somaiya Hospital
Noida, Road, Off Eastern Express Highway, Sion (East),
Gautam Budh Nagar, Uttar Pradesh -201301 Mumbai - 400 022
Phone: +91-120-4452000 Phone: +91-22-6754 3456
Email: care@careedge.in • www.careedge.in
CIN-L67190MH1993PLC071691
3) Details of the arrangement made to ensure the monitoring of issue proceeds:
Particulars Reply Source of information / Comments of the Comments of the
certifications considered by Monitoring Agency Board of Directors
Monitoring Agency for
preparation of report
Chartered Accountant The proceeds from the preferential issue No comments received
Whether all utilization is as per the disclosures in the Offer certificate*, Management have been utilized as per the objectives
Document? certificate, and Bank specified in the subscription agreement
statement during the quarter ended June 30, 2026.
Whether shareholder approval has been obtained in case of Chartered Accountant No comments received
No material
material deviations# from expenditures disclosed in the certificate*, Management Not applicable
deviation
Offer Document? certificate
Chartered Accountant No comments received
Whether the means of finance for the disclosed objects of
No certificate*, Management Not applicable
the issue have changed?
certificate
Chartered Accountant No comments received
Is there any major deviation observed over the earlier No such deviation observed from the last
No certificate*, Management
monitoring agency reports? monitoring agency report.
certificate
As per management certificate, the proceeds No comments received
are intended for an acquisition or capital
Whether all Government/statutory approvals related to the
Not applicable Management certificate expenditure. Based on the acquisition, any
object(s) have been obtained?
required approvals will be monitored at that
point of time.
As per management certificate, technical No comments received
Whether all arrangements pertaining to technical
Not applicable Management certificate assistance/ collaboration is not required as
assistance/collaboration are in operation?
per objects of the issue.
Manag
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