IndoStar Capital Finance Limited — Others, 20-01-2025: Statement of deviation(s) or variation(s) under Reg. 32

IndoStar Capital Finance Limited has confirmed that proceeds from its preferential issue of warrants during the quarter ended December 31, 2024, have been utilized as intended, with no deviations reported. The company raised approximately ₹2,053.34 crore through this issue, intending to allocate at least 75% for growth objectives, which include further lending activities. The positive utilization trend aligns with the company's strategic focus on capital expansion. This news may enhance investor confidence given the adherence to stated financial plans, suggesting a stable operational direction moving forward.