Park Medi World Limited has issued a postal ballot notice dated August 03, 2026, seeking approval from its shareholders by way of a Special Resolution to amend certain objects of its Initial Public Offer (IPO) proceeds. The notice, filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, proposes to redirect INR 648.32 million in unutilised IPO funds toward a new acquisition objective. The e-voting process is being facilitated through National Securities Depository Limited (NSDL), with the cut-off date for eligible shareholders set as Friday, July 31, 2026.

IPO Proceeds Utilisation: Background

Park Medi World undertook an IPO in Financial Year 2025-26, comprising a fresh issue of equity shares aggregating up to INR 7,700 million and an offer for sale by a promoter selling shareholder aggregating up to INR 1,500 million. After deducting issue-related expenses of INR 567.23 million, the net proceeds available for deployment toward stated objects amounted to INR 7,132.77 million. As per the prospectus dated December 12, 2025, these proceeds were earmarked across four objects.

The company has since fully utilised the amounts allocated to Object 1 (repayment of borrowings: INR 3,800.00 million) and Object 4 (unidentified inorganic acquisitions and general corporate purposes: INR 2,453.18 million). Objects 2 and 3 have been only partially utilised, leaving a combined balance of INR 648.32 million. The following table summarises the utilisation status:

Object-Wise Utilisation Status

The table below details the utilisation against each original IPO object as disclosed in the prospectus:

Proposed Variation: Introduction of Object 5

The Board of Directors, at its meeting held on August 03, 2026, approved a proposal to redirect the combined unutilised balance of INR 648.32 million — comprising INR 409.81 million from Object 2 and INR 238.51 million from Object 3 — toward a newly introduced Object 5: funding the capital expenditure for the acquisition of The Medicity Hospital, Rudrapur, through the acquisition of V3 Healthcare Private Limited. The revised timeline for utilisation of this amount is FY 2026-27.

The Medicity Hospital, Rudrapur, is described as a multi-super speciality healthcare institution with a total capacity of 330 beds, spanning over approximately 7,000 square meters of land with approximately 1.64 lakh square feet of covered area. It is among the NABH-accredited institutions in the Kumaon region. The Board has noted that the company's term borrowings stood at INR 282 million as at March 31, 2026, and that the proposed reallocation would allow construction of the proposed Rohtak hospital and future medical equipment upgrades to be funded through internal accruals and operating cash flows.

The company also noted that since more than 75% of the IPO proceeds have been utilised toward original objects, the conditions for applicability of an exit offer under Regulation 59 read with Schedule XX of the SEBI ICDR Regulations, 2018, do not apply to this proposed variation.

E-Voting Schedule and Process

The postal ballot notice has been dispatched electronically to members whose names appear in the register of members as on the cut-off date of Friday, July 31, 2026. The e-voting details are as follows:

If approved, the resolution shall be deemed to have been passed on Thursday, September 03, 2026, the last date of e-voting. Results, along with the Scrutinizer's report, will be hosted on the company's website at https://www.parkhospital.in and on NSDL's website at https://evoting.nsdl.com , and communicated to the stock exchanges. The Board has recommended the resolution for approval by members as a Special Resolution.

Park Medi World Limited has released the audio recording of its earnings conference call, which was held on August 04, 2026. The discussion focused on the company’s unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, providing investors with insights into the latest performance metrics and operational updates.

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The audio file is hosted on the company’s official website under the investor relations section, ensuring accessibility for shareholders and market participants seeking detailed commentary on the quarterly figures.

Key Details

Abhishek Kapoor, Company Secretary & Compliance Officer, signed the disclosure notice submitted to both the BSE Limited and the National Stock Exchange of India Limited. The filing confirms that the recording is available for public access at the designated URL on the Park Medi World website.

What the Numbers Show

While the specific financial metrics such as net profit, revenue, or EBITDA were not detailed in this specific disclosure notice, the availability of the earnings call audio allows stakeholders to hear management’s direct commentary on the drivers behind the Q1FY27 performance. Investors are advised to listen to the recording for a comprehensive understanding of the strategic initiatives and financial health of the hospital group during the period ending June 30, 2026.