Artemis Medicare Services Files Q4FY26 Monitoring Agency Report for ₹330 Crore Preferential Issue

3 min read     Updated on 09 May 2026, 02:16 AM
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AI Summary

CARE Ratings Limited, as Monitoring Agency, submitted the Q4FY26 report for Artemis Medicare Services Limited's ₹330 crore Preferential Issue of Compulsorily Convertible Debentures, reviewed by the Audit Committee on May 8, 2026. During Q4FY26, the company utilized Rs. 74.62 crore by signing a Medical Service Agreement with Dr Vidyasagar Kaushalya Devi Memorial Health Centre, bringing cumulative utilization to Rs. 136.89 crore. The remaining Rs. 193.11 crore is deployed across fixed deposits with HDFC Bank, ICICI Bank, and Axis Bank, earning a total of Rs. 8.54 crore. No deviations from the stated objects of the issue were observed, and no changes in the means of finance were reported.

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Artemis Medicare Services Limited has submitted its Monitoring Agency Report for the quarter ended March 31, 2026 (Q4FY26), pursuant to Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Regulation 162A of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The report, prepared by CARE Ratings Limited in its capacity as Monitoring Agency, pertains to the utilization of proceeds from the company's Preferential Issue of Compulsorily Convertible Debentures aggregating to Rs. 330.00 crore. The Audit Committee reviewed the report at its meeting held on May 8, 2026.

Issue and Issuer Details

The Preferential Issue was undertaken by Artemis Medicare Services Limited, a company operating in the Healthcare Services – Hospital sector. The promoters are Mr. Onkar Kanwar and Constructive Finance Private Limited. The key details of the issue are summarized below:

Parameter: Details
Type of Issue: Preferential Issue
Type of Securities: Compulsorily Convertible Debentures
Issue Size: Rs. 330.00 crore
Monitoring Agency: CARE Ratings Limited
Report Quarter: Quarter ended March 31, 2026

Utilization of Issue Proceeds

During Q4FY26, the company utilized Rs. 74.62 crore towards supporting acquisition, expansion, and capital expenditure requirements. Specifically, the company signed a Medical Service Agreement (MSA) with Dr Vidyasagar Kaushalya Devi Memorial Health Centre and paid an additional advance revenue share of Rs. 74.62 crore as per the terms of the MSA. No amount was utilized towards General Corporate Purposes during the quarter. The following table captures the progress in utilization of the issue proceeds:

Item Head: Amount as per Offer Document (Rs. Crore) Amount at Beginning of Quarter (Rs. Crore) Amount Utilized During Quarter (Rs. Crore) Amount at End of Quarter (Rs. Crore) Unutilized Amount (Rs. Crore)
Acquisition, Expansion & Capex: 320.00 54.00 74.62 128.62 191.38
General Corporate Purposes: 10.00 8.27 - 8.27 1.73
Total: 330.00 62.27 74.62 136.89 193.11

Deployment of Unutilized Proceeds

The total unutilized amount of Rs. 193.11 crore as at the end of the quarter has been deployed across fixed deposits with multiple banks. The company also received interest of Rs. 0.05 crore on matured Fixed Deposits, which has been reinvested in Fixed Deposits. The details of the deployment are as follows:

Instrument & Entity: Amount Invested (Rs. Crore) Maturity Date Earnings (Rs. Crore) Return on Investment (%)
Fixed Deposit, HDFC Bank – 0660: 28.36 May 19, 2026 1.72 6.95%
Fixed Deposit, HDFC Bank – 9917: 4.38 May 17, 2026 0.27 6.95%
Fixed Deposit, ICICI Bank – 2309: 80.00 November 10, 2026 1.71 6.15%
Fixed Deposit, Axis Bank – 0778: 80.00 May 16, 2026 4.84 6.90%
Fixed Deposit, HDFC Bank – 6853: 0.41 April 02, 2026 0.00 4.25%
Monitoring Account, HDFC Bank: 0.01 - - -
Less: Interest reinvested in FDs: (0.05) - - -
Total: 193.11 8.54

Compliance and Deviation Status

The Monitoring Agency confirmed that all utilization is in accordance with the disclosures in the Offer Document, with no deviations observed from earlier monitoring agency reports. The means of finance for the disclosed objects have not changed. No favorable or unfavorable events affecting the viability of the objects were reported, and no other material information affecting investor decision-making was identified. Both objects of the issue — acquisition, expansion, and capital expenditure requirements, as well as General Corporate Purposes — are listed as ongoing, with a completion date of May 15, 2026 as per the Offer Document, and no delay in days or months has been reported.

The Chartered Accountant's certificate relied upon for this report was issued by M/s T R Chadha & Co. LLP, Statutory Auditors of Artemis Medicare Services Limited, dated April 30, 2026. The report notes that the CA certificate provides limited assurance, and the procedures performed are less in extent than those for a reasonable assurance engagement.

Historical Stock Returns for Artemis Medicare Services

1 Day5 Days1 Month6 Months1 Year5 Years
+0.32%+8.82%+18.26%+8.46%+12.81%+1,098.87%

How will the Medical Service Agreement with Dr Vidyasagar Kaushalya Devi Memorial Health Centre impact Artemis Medicare's revenue and bed capacity over the next 2-3 years?

With Rs. 191.38 crore still unutilized for acquisition and expansion as of March 2026, what additional hospital acquisitions or greenfield projects is Artemis Medicare likely to pursue before the May 15, 2026 completion deadline?

How might the conversion of the Compulsorily Convertible Debentures into equity affect the shareholding structure and dilution for existing minority shareholders of Artemis Medicare?

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Artemis Medicare Services Schedules Q4 and FY26 Earnings Conference Call for May 11, 2026

1 min read     Updated on 06 May 2026, 05:24 AM
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AI Summary

Artemis Medicare Services Limited has announced a Q4 and FY26 earnings conference call on May 11, 2026, at 11:00 AM IST, hosted by Anand Rathi Research. The call will feature Managing Director Dr. Devlina Chakravarty, CFO Mr. Sanjiv Kumar Kothari, and Head of Investor Relations Mr. Rudra Narayan Acharjee, with dial-in access available for participants across India, the USA, UK, Hong Kong, and Singapore.

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Artemis Medicare Services Limited has announced an earnings conference call for investors and analysts to discuss the company's operational and financial performance for Q4 and FY26. The call is scheduled to be held on Monday, May 11, 2026, at 11:00 AM IST, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was communicated via an official intimation signed by Poonam Makkar, Company Secretary and Compliance Officer, dated May 5, 2026.

Conference Call Details

The earnings call will be hosted by Anand Rathi Research. The following table summarises the key details of the scheduled event:

Parameter: Details
Event: Q4 and FY26 Earnings Conference Call
Date: Monday, May 11, 2026
Time: 11:00 AM IST
Hosted By: Anand Rathi Research

Key Participants

Senior leadership from Artemis Medicare Services will be present on the call to address queries from investors and analysts:

  • Dr. Devlina Chakravarty — Managing Director
  • Mr. Sanjiv Kumar Kothari — Chief Financial Officer
  • Mr. Rudra Narayan Acharjee — Head – Investor Relations, M&A and Organization Growth Strategy

Access Details

Participants can join the conference call through the following dial-in numbers:

Region: Access Number
Universal Access: 022 6280 1386 / 022 7115 8287
USA: +1 866 746 2133
UK: 0808 101 1573
Hong Kong: 800 964 448
Singapore: 800 101 2045

For further information, participants may contact the call co-ordinator, Himanshu Binani, at Office No: (022) 6626 6712 or Mobile: 7381039698. The company has noted that the schedule is subject to changes in case of exigencies on the part of analysts, investors, or the company.

Historical Stock Returns for Artemis Medicare Services

1 Day5 Days1 Month6 Months1 Year5 Years
+0.32%+8.82%+18.26%+8.46%+12.81%+1,098.87%

What revenue growth trajectory and EBITDA margin expansion can investors expect from Artemis Medicare Services in FY27 given the healthcare sector's post-pandemic recovery trends?

How might Artemis Medicare Services' M&A strategy, overseen by Rudra Narayan Acharjee, shape the company's geographic expansion and bed capacity growth in the near term?

Will Artemis Medicare Services provide guidance on any upcoming greenfield or brownfield hospital projects that could significantly impact its capital expenditure outlook?

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