BSECompany Update6d ago · 13 Aug 2026, 06:50 pm
Monitoring Agency Report for quarter ended 30th June 2026
Fischer Medical Ventures Ltd · 524743
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Fischer Medical Ventures Ltd has submitted a Monitoring Agency Report for the quarter ended June 30, 2026, as per SEBI regulations, regarding the utilization of funds raised through a preferential issue of shares and fully convertible share warrants.
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Fischer Medical Ventures Ltd - 524743 - Announcement under Regulation 30 (LODR)-Monitoring Agency Report
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FISCHER MEDICAL VENTURES LIMITED
(Formerly known as Fischer Chemic Limited)
Registered Office Address: Survey No. 480/2 AP Medtech Zone,
Nadupura Village, Pedagantyadu Mandal, Visakhapatnam, 530032
CIN: L86900AP1993PLC118162
Email: enquiry@fischermv.com | Website: www.fischermv.com | Contact 9080966548
August 13, 2026
BSE Limited National Stock Exchange of India Ltd.
Corporate Relationship Department Exchange Plaza, 5tll floor
25th Floor, P J Towers Plot No. C/ 1, G Block,
Dalal Street, Fort, Bandra-Kurla Complex Bandra (E),
Mumbai – 400 001 Mumbai - 400 051
BSE Scrip Code: 524743 NSE Symbol: FISCHER
Dear Sir / Madam,
Reg : Regulation 32(6) of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015 and Regulation
162A (4) of the Securities and Exchange Board of India (Issue of Capital and
Disclosure Requirements) Regulations, 2018
Dear Sir/Madam,
Pursuant to Regulation 162A (4) of Chapter V of SEBI (Issue of Capital and Disclosure Requirements)
Regulations, 2018 read with Regulation 32(6) of SEBI (Listing Obligations and Disclosure
Requirements), 2015, we are enclosing herewith Monitoring Agency Report issued by Infomerics
Valuation and Rating Limited, Monitoring Agency, for the quarter ended June 30, 2026 in respect of
utilisation of funds raised pursuant to the issue of shares on preferential basis.
The report is also placed on the Company’s website at www.fischermv.com
Thanking You,
Yours Truly,
For FISCHER MEDICAL VENTURES LIMITED
BALAJI GANDLA
COMPANY SECRETARY & COMPLIANCE OFFICER
Corporate Office: Level 8, Prestige Palladium Bayan, No. 129-140 Greams Road, Chennai, Tamil Nadu, 600006
Monitoring Agency Report
for Fischer Medical Ventures
Limited
for the quarter ended June 30, 2026
Monitoring Agency Report
August 13th, 2026
Fischer Medical Ventures Limited
No.480/2, Andhra Pradesh Medtech Zone Limited,
Nadapura Village, Pedagantyada Mandal,
Vishakapatnam, Nadupuru, 530044
Dear Sir,
Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the
Preferential issue of Fischer Medical Ventures Limited (“The Company”)
We write in our capacity of Monitoring Agency for the Preferential issue of the Equity shares
and fully convertible share warrants for the amount aggregating to Rs. 358.46 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, 2018 (SEBI ICDR 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 19th
February 2025.
Request you to kindly take the same on records.
Thanking you,
For and on behalf of Infomerics Valuation and Rating Limited
Rekha Chokkalingam
(Associate Director - Ratings)
rekha.chokkalingam@infomerics.com
Report of the Monitoring Agency
Name of the Issuer: Fischer Medical Ventures Limited
For quarter ended: June 30, 2026
Name of the Monitoring Agency: Infomerics Valuation and Rating Limited
(a) Deviation from the objects: Nil
(b) Range of Deviation: Nil
Indicate range of percentage deviation from the amount of issue proceeds earmarked for objects.
For example, up to 10%, 10 – 25%, 25-50%, 50-75%, 75-100%, not ascertainable etc.
* Range of Deviation may be computed by taking weighted average of financial deviation of each
object in the ratio of issue proceeds allocated for it. Non-financial deviation may be indicated
separately by way of notes.
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 declare that we do not have any direct / indirect interest in or relationship with the
issuer/promoters/directors/management and also confirm that we do not perceive any conflict of
interest in such relationship / interest while monitoring and reporting the utilization of issue
proceeds by the issuer.
We further declare that this report provides true and fair view of the utilization of issue proceeds.
Signature:
Name of the Authorized Person/Signing Authority: Rekha Chokkalingam
Designation of Authorized person/Signing Authority: Associate Director - Ratings
Seal of the Monitoring Agency:
Date: August 13th, 2026
1) Issuer Details:
Name of the issuer: Fischer Medical Ventures Limited
Names of the promoters of the issuer: Time Medical International Ventures Pte
Industry/sector to which it belongs: Engaged in the business of manufacturing and supplying magnetic resonance imaging machines and
preventive healthcare devices and has an established client base in the healthcare industry.
2) Issue Details:
Issue Period: 18 Months from the date of allotment (18th February 2025)
Type of issue (public/rights): Preferential Issue
Type of specified securities: Equity shares and fully convertible share warrants
Grading: Not Applicable
Issue size (Rs in Crores): Rs. 358.46 crores (Note No. 1& 2)
Note 1
The company had offered 1,05,22,000 Equity Shares Rs. 234.00 per share (including share premium of Rs. 224.00 per share) on preferential basis
aggregating to Rs. 246.21 crore. The issue was subscribed, and the company has allotted 1,03,01,547 Equity Shares to the applicants during the
quarter ended March 2025.
Note 2
The offer comprises of 50,17,000 warrants of the company convertible into equal number of equity shares at a price of Rs.234.00 per warrant as
determined on the relevant date (for the purpose of calculating the price of equity warrants convertible into equal number of equity shares to be issued)
in accordance with the provisions of Chapter V of the SEBI ICDR Regulations aggregating to Rs. 117.40 Crore for cash consideration by way of
preferential allotment to Specified investors/Identified investors which also includes promoters and members of promoter group of the company.
Particulars Remarks Amount (in Rs. crore)
Approved by EGM
Total shares to be issued and subscribed as part of Preferential Issue (A) 1,05,22,000 246.21
Total Warrants to be issued (B) 50,17,000# 117.40
Total - 363.61
Details of expenses to be incurred - -
Net Proceeds to be received - 363.61*
Current Status
1,03,01,547 (10,30,15,470 post sub-
Total shares issued and subscribed as part of Preferential Issue (A) 241.05
division)
6,00,000 (60,00,000 post sub-
Total Warrants converted in to shares during the period (Fully paid up) (C) 14.04
division)
Warrants – 25% Share Application money (still outstanding to be exercised within 44,17,000# (4,41,70,000 post sub-
25.84
18 months from the date of allotment (Deposit amount received) (D) division)
Total subscriptions towards Preferential issue (A + C + D) 280.93
Details of expenses incurred related to issue - -
Net Proceeds receipt
# Each Warrant held by the Proposed Allottee shall entitle each of them to apply for and ob
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