$APOLLOHOSP

### $APOLLOHOSP | FEMA Matter Settled with RBI Apollo Hospitals and five of its directors have settled a FEMA-related regulatory matter after the RBI issued a compounding order, bringing the proceedings to a close. The case involved alleged violations related to foreign investment regulations, including FDI, FCCBs, downstream investments, and sectoral shareholding limits. RBI imposed a total compounding fee of **₹17.8 crore**, comprising **₹17 crore on Apollo Hospitals** and **₹19 lakh each on five directors/officers**. The settlement follows a "No Objection" from the Enforcement Directorate (ED), resulting in the closure of adjudication proceedings related to the matter. ### Impact on Apollo Hospitals Stock **Regulatory Overhang Removed** The settlement eliminates uncertainty related to the long-pending FEMA proceedings. **No Impact on Operations** The matter has been resolved through a one-time settlement and is not expected to affect the company's business operations or growth plans. **Financial Impact Limited** The compounding amount is not material relative to Apollo Hospitals' scale and financial position. **View:** *Mildly Positive* — Closure of the FEMA matter removes a regulatory overhang and provides greater clarity for investors.