Date: June 19, 2026

Board Meeting Outcomes

The Finance & Investment Committee of Krishna Institute of Medical Sciences Limited held a meeting on June 19, 2026, which commenced at 6:15 PM and concluded at 7:30 PM. The committee passed the following resolutions regarding the Qualified Institutions Placement (QIP):

  • Approved and declared the closure of the issue period for the QIP on June 19, 2026, following receipt of application forms and funds in the escrow account from eligible qualified institutional buyers.
  • Determined and approved the allocation of 19,867,549 Equity Shares of face value ₹2 each to eligible qualified institutional buyers.
  • Approved the allocation price of ₹755 per Equity Share, which includes a premium of ₹753 per share.
  • Noted that the allocation price represents a discount of ₹16.73 per Equity Share (2.17%) from the floor price, as permitted under Regulation 176(1) of the SEBI ICDR Regulations.
  • Approved and adopted the placement document dated June 19, 2026, which has been made available on the company's website at www.kimshospitals.com/investors.
  • Approved the finalization of confirmation of allocation notes to be sent to eligible qualified institutional buyers.
  • Approved the issuance of refund intimation letters to bidders entitled to receive refund amounts, if any.

Fundraising Details

The QIP involved the placement of equity shares under Chapter VI of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, and Sections 42 and 62(1)(c) of the Companies Act, 2013.

  • Total Shares Allotted: 19,867,549 Equity Shares
  • Face Value: ₹2 per share
  • Issue Price: ₹755 per share
  • Premium: ₹753 per share
  • Discount: ₹16.73 per share (2.17% discount to floor price)
  • Issue Opening Date: June 16, 2026
  • Issue Closing Date: June 19, 2026

Compliance and Documentation

The company is filing the placement document dated June 19, 2026, with both National Stock Exchange of India Limited and BSE Limited. This announcement serves as compliance with the applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.