Medi Assist appoints CARE Ratings to monitor preferential issue funds

Medi Assist Healthcare Services Limited announced on September 24, 2025, the appointment of CARE Ratings Limited as the monitoring agency for the utilization of proceeds from its preferential issue. This appointment adheres to Regulation 162A of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

The preferential issue involves the issuance of 37,01,000 fully paid-up equity shares. CARE Ratings, a SEBI registered credit rating agency, will monitor the application of these funds in accordance with the objects and utilization details disclosed in the explanatory statement annexed to the company’s extraordinary general meeting notice dated August 11, 2025.