ALPHA TRIBE

India Shelter Finance Corporation LimitedOthers, 06-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

06-02-2025 | 07:20 pm

India Shelter Finance Corporation Limited has disclosed its fund utilization for the quarter ended December 31, 2024, confirming no deviation in the deployment of ₹800 crore raised via a public issue on December 20, 2023. The Audit Committee and Board have reviewed the statement, ensuring transparency in fund allocation towards both capital requirements for onward lending (₹648.56 crore) and general corporate purposes (₹110.92 crore). This solid governance may enhance investor confidence, providing a positive outlook as the company adheres to its strategic objectives without alteration in fund usage.

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