Northern Arc Capital Limited — Others, 09-11-2024: Monitoring Agency Report

Northern Arc Capital Limited has disclosed the Monitoring Agency Report for the quarter ended September 30, 2024, concerning its IPO proceeds. The report indicates no deviations from intended uses, with net proceeds at ₹4,498.20 million after adjusting for higher-than-expected issue expenses. As of the reporting date, ₹2,513.97 million remains unutilized for future lending capital requirements, while significant amounts are sitting in monitoring accounts. Overall, the fund deployment aligns with the company's objectives.