The Board of Apollo Hospitals Enterprise Limited at its meeting held on November 9, 2023, based on the recommendations of the Investment Committee, has evaluated and approved an expansion plan of the Company involving a balance capital outlay of around INR 34,350 million after reckoning for land/asset acquisition costs already incurred. Existing Capacity 7,860: operational beds (on a consolidated basis). Existing Capacity utilisation: 68%.

Proposed Capacity Addition: 2,285 beds. Investment Required: INR 34,350 million. Mode of Financing: Through Internal accruals and debt financing.

Rationale: This expansion plan is in line with the plan to expand footprint in identified strategic locations to drive continued business growth and cater to the increasing demand for quality healthcare services across the country.