NSEMonitoring Agency Report13 Aug 2026 · 13 Aug 2026, 01:32 pm
Monitoring Agency Report
Yatharth Hospital & Trauma Care Services Limited · YATHARTH
✦ AI SummaryResults
Yatharth Hospital & Trauma Care Services Limited has submitted a Monitoring Agency Report for the quarter ended June 30, 2026, as per SEBI regulations, detailing the utilization of the proceeds from its initial public offer (IPO). The report indicates that there are ongoing delays in the implementation timeline for the objects of the issue.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact5/10
Market Sentiment5/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
We hereby submit Monitoring Agency Report for the quarter ended June 30, 2026 (IPO).
Attachments (1)
📄pdf
Download →
YATHARTH_13082026133204_MAR_June26.pdf
View document text
YH/SE/40/2026-27
August 13, 2026
The Listing Department Dept. of Listing Operations
National Stock Exchange of India Limited BSE Limited,
Exchange Plaza, 5th Floor, Plot No. C/1 Phiroze Jeejeebhoy Towers,
G Block, Bandra-Kurla Complex, Bandra (E) Dalal Street,
Mumbai – 400 051, India Mumbai - 400001, India
Symbol: YATHARTH Scrip Code: 543950
ISIN: INE0JO301016 ISIN: INE0JO301016
Subject: Monitoring Agency Report for the quarter ended June 30, 2026 (IPO)
Dear Sir/Madam,
Pursuant to Regulation 32(6) of the Securities and Exchange Board of India (Listing Obligations
and Disclosure Requirements) Regulations, 2015 read with Regulation 41(4) of the Securities and
Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, we
hereby enclose the Monitoring Agency Report for the quarter ended June 30, 2026, issued by
CARE Ratings Limited (“Monitoring Agency”), appointed to monitor the utilisation of the proceeds
of the public issue (IPO) of the Company.
The Audit Committee has reviewed and took note of the Monitoring Agency Report at its meeting
held on August 10, 2026.
The said report may also be accessed on the website of the company i.e
https://www.yatharthhospitals.com/investors/stakeholders-information/monitoring-agency-
report
This is for your kind information and records.
Thanking You
Yours Faithfully,
For Yatharth Hospital & Trauma Care Services Limited
Ritesh Mishra
Company Secretary & Compliance Officer
M. No. A51166
Encl.: A/a
No. CARE/NRO/GEN/2026-27/1105
The Board of Directors
Yatharth Hospital and Trauma Care Services Limited
N 32 Sector Omega First
Greater Noida, Uttar Pradesh 201308
August 13, 2026
Dear Sir/Ma’am,
Monitoring Agency Report for the quarter ended June 30, 2026- in relation to the Initial Public Offer of
Yatharth Hospital And Trauma Care Services Limited (“the Company”)
We write in our capacity of Monitoring Agency for the Initial Public Offer for the amount aggregating to ₹569.71 crore of
the Company and refer to our duties cast under 41 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 July 15, 2023.
Request you to kindly take the same on records.
Thanking you,
Yours faithfully,
Rajan Sukhija
Associate Director
Rajan.Sukhija@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-L67190MH1993PLC07169
Report of the Monitoring Agency
Name of the issuer: Yatharth Hospital and Trauma Care Services Limited
For quarter ended: June 30, 2026
Name of the Monitoring Agency: CARE Ratings Limited
(a) Deviation from the objects: Nil
(b) Range of Deviation: Ongoing delays in the implementation timeline
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: Rajan Sukhija
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-L67190MH1993PLC07169
1) Issuer Details:
Name of the issuer : Yatharth Hospital and Trauma Care Services Limited
Name of the promoter : Mr. Ajay Tyagi and Mr. Kapil Kumar
Industry/sector to which it belongs : Healthcare- Healthcare Services-Hospital
2) Issue Details
Issue Period : July 26,2023 to July 28,2023
Type of issue (public/rights) : Initial Public Offer
Type of specified securities : Equity shares
IPO Grading, if any : Not Applicable
Issue size (in `crore) : Rs. 610 crores
3) Details of the arrangement made to ensure the monitoring of issue proceeds:
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
The issue proceeds have been utilized in
accordance with the objects given as per
Whether all utilization is as per the disclosures in the Offer Management Certificate, Chartered offer documents. However, there are
No No Comments
Document? Accountant certificate, Bank statement ongoing delays in the implementation
schedule, and we have not received any
requisite approval for the same.
Whether shareholder approval has been obtained in case of
No material
material deviations# from expenditures disclosed in the Offer Management Certificate, CA Certificate Not applicable No Comments
deviation
Document?
Whether the means of finance for the disclosed objects of the
No Management Certificate, CA Certificate Not applicable No Comments
issue have changed?
Is there any major deviation observed over the earlier monitoring Management Certificate, CA Certificate,
No Not applicable No Comments
agency reports? Monitoring Agency report (Q4FY26)
Whether all Government/statutory approvals related to the All the necessary approvals have been
Yes Management Certificate, CA Certificate No Comments
object(s) have been obtained? obtained by the company.
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-L67190MH1993PLC07169
Comments of
Source of information / certifications
Comments of the the
Particulars Reply considered by Monitoring Agency for
M
[Showing first 8,000 characters — download PDF for full document]