BSECompany Update6 Aug 2026 · 6 Aug 2026, 08:32 pm
Monitoring Agency Report for the quarter ended June 30, 2026, in relation to the Rights Issue of the Company..
HealthCare Global Enterprises Ltd · 539787
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HealthCare Global Enterprises Ltd has received a Monitoring Agency Report from CARE Ratings Limited for the quarter ended June 30, 2026, in relation to the utilization of Rights Issue proceeds.
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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact5/10
Market Sentiment5/10
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HealthCare Global Enterprises Ltd - 539787 - Announcement under Regulation 30 (LODR)-Monitoring Agency Report
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August 06, 2026
National Stock Exchange of India Limited, BSE Limited,
Compliance Department, Compliance Department,
Exchange Plaza, Bandra Kurla Complex, Phiroze Jeejeebhoy Towers,
Bandra (East), Mumbai - 400051, Dalal Street, Mumbai - 400001,
Maharashtra, India Maharashtra, India
Dear Sir/Madam,
Subject : Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to
the Rights Issue of Healthcare Global Enterprises Limited (“the Company”)
Stock Code : BSE – 539787, NSE – HCG
Reference : Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 and Regulation 82 of SEBI (Issue of Capital and Disclosure
Requirements) Regulations, 2018
Pursuant to the Regulation 32(6) of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 read with Regulation 82(4) of SEBI (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, in respect of utilization of Rights Issue proceeds.
The above information is also available on the website of the Company and can be accessed at:
https://www.hcgoncology.com/
You are requested to take the information on record.
Thanking You,
For HealthCare Global Enterprises Limited
Sunu Manuel
Company Secretary and Compliance Officer.
Encl: a/a
HealthCare Global Enterprises Limited
Reg Off: HCG Towers #8, P. Kalinga Rao Road, Sampangi Ram Nagar, Bengaluru - 560 027, Karnataka, India
Corp Off: #3, G-Floor, Tower Block, Unity Buildings Complex, Mission Road, Bengaluru - 560 027, Karnataka, India
91 80 4660 7700 | Email-query@hcgel.com | Website - www.hcgoncology.com | CIN: L15200KA1998PLC023489
Ahmedabad | Bengaluru | Bhavnagar | Chennai | Cuttack | Hubballi | Indore | Jaipur | Kalaburagi | Kenya | Kolkata | Mumbai | Nagpur | Nashik | Ongole | Rajkot | Ranchi | Shimoga | Vadodara | Vijayawada | Vizag
No. CARE/NRO/GEN/2026-27/1088
The Board of Directors
Healthcare Global Enterprises Limited
HCG Tower,
No. 8, P Kalinga Rao Road,
Sampangi Rama Nagar,
Bengaluru,
Karnataka - 560027,
India
August 06, 2026
Dear Sir/Ma’am,
Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Rights issue of Healthcare
Global Enterprises Limited (“the Company”)
We write in our capacity of Monitoring Agency for the Rights Issue for the amount aggregating to Rs. 424.68 crore of
the Company and refer to our duties cast under Regulation 82 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 February 17, 2026.
Request you to kindly take the same on records.
Thanking you,
Yours faithfully,
Sahil Goyal
Associate Director
sahil.goyal@careedge.in
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
Report of the Monitoring Agency
Name of the issuer: Healthcare Global Enterprises Ltd
For quarter ended: June 30, 2026
Name of the Monitoring Agency: CARE Ratings Limited
(a) Deviation from the objects: Nil
(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: Sahil Goyal
Designation of Authorized person/Signing Authority: Associate Director
9th floor, C-001/A2, Berger Towers, Sector 16B, 4th Floor, Godrej Coliseum, Somaiya Hospital
Noida, Road, Off Eastern Express Highway, Sion (East),
G autam Budh Nagar, Uttar Pradesh -201301 Mumbai - 400 022
Phone: +91-120-4452000 Phone: +91-22-6754 3456
Email: care@careedge.in • www.careedge.in
1) Issuer Details:
Name of the issuer : Healthcare Global Enterprises Ltd
Name of the promoter : Dr. B. S. Ajaikumar,Hector Asia Holdings II Pte Ltd, Catalyst Trusteeship Limited
Industry/sector to which it belongs : Hospital & Healthcare Services
2) Issue Details
Issue Period : March 11, 2026 to March 25, 2026
Type of issue (public/rights) : Rights issue
Type of specified securities : Equity shares
IPO Grading, if any : Not Applicable
Issue size (in crore) : Rs. 424.68 crores
3) Details of the arrangement made to ensure the monitoring of issue proceeds:
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
Comments of
Source of information / certifications
Comments of the the
Particulars Reply considered by Monitoring Agency for
Monitoring Agency Board of
preparation of report
Directors
Whether all utilization is as per the disclosures in the CA certificate*, Management No comments
Yes Refer Note below
Offer Document? Certificate, Bank statements received
Whether shareholder approval has been obtained in case No comments
of material deviations# from expenditures disclosed in the Not applicable Not applicable Not applicable received
Offer Document?
Whether the means of finance for the disclosed objects of No comments
No Management undertaking Nil
the issue have changed? received
Is there any major deviation observed over the earlier No deviation from earlier No comments
No Bank statements, Offer Document
monitoring agency reports? monitoring agency report received
Whether all Government/statutory approvals related to No comments
Yes Management undertaking Nil
the object(s) have been obtained? received
Whether all arrangements pertaining to technical No comments
Not Applicable Not Applicable Nil
assistance/collaboration are in operation? received
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