Northern Arc Capital Limited — Others, 14-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

Northern Arc Capital Limited has announced a board meeting to discuss the statement confirming no deviation or variation in the utilization of funds raised through its Initial Public Offer (IPO), which raised ₹4,498.45 million. The update confirms adherence to the original objectives in the quarter ending December 31, 2024. This transparency supports investor confidence and indicates effective financial management, as there are no anticipated risks associated with fund utilization. Investors may view this as a positive outlook, reinforcing the company’s credibility and governance practices.