Date: 16th June, 2026
Board Meeting Outcomes
- The Finance & Investment Committee meeting held on 16th June 2026 approved the preliminary placement document and application form for the QIP
- Authorized the opening of the QIP on 16th June 2026
- Approved the floor price of ₹771.73 per equity share as prescribed under SEBI ICDR Regulations
- Fixed the 'Relevant Date' for the Issue as 16th June 2026
- The committee meeting commenced at 06:30 p.m. and concluded at 07:30 p.m.
Fundraising Details
- Type of offering: Qualified Institutional Placement (QIP)
- Face value of shares: ₹2 each
- Floor price: ₹771.73 per equity share
- Maximum permissible discount: Not more than 5% on the floor price
- Legal basis: Chapter VI of SEBI ICDR Regulations and Sections 42 and 62(1)(c) of Companies Act, 2013
- Final issue price to be determined in consultation with book running lead managers
Approval Timeline
- Board approval: 11th March 2026
- Shareholder approval via postal ballot: 15th April 2026
- Next committee meeting scheduled for 19th June 2026 to finalize issue price
Trading Window Closure
- The trading window for designated persons is closed from 16th June 2026
- Closure will continue until 48 hours after the determination of the final issue price
Documentation
- Preliminary Placement Document dated 16th June 2026 has been approved
- Documents available on company website: www.kimshospitals.com/investors
- Regulatory filing with NSE and BSE on 16th June 2026