Jupiter Life Line Hospitals Limited informed that the company has acquired land in Bibvewadi, Pune, with an area of ~11,500 Sq. Meter, on a leased basis. The period for lease is 10 years with an annual lease rental of INR 92.7 Million.

Further, the company will have the option to purchase the land after three years. The land is leased for setting up a hospital. Mode of financing: Deposit and Lease Rent will be from internal accruals.

Capex financing is subject to plans, statutory approval and timelines; and may be decided by the Board of Directors from time to time. Rationale: This proposed hospital will serve the neighboring community of South Pune region, which is currently underserved. Proposed Capacity addition: 500 beds are proposed to be added on the hospital to be built on this land.

Existing Capacity utilization: The Company's occupancy was 63.2 % of its capacity as on 31st December, 2023. Existing capacity: The Company along with its subsidiary has an existing total bed capacity of 961 beds as on 31st December, 2023.