IDFC First Bank Limited — Others, 26-10-2024: Statement of deviation(s) or variation(s) under Reg. 32

IDFC FIRST Bank confirms that it has fully utilized the proceeds from its recent preferential issue of 39,68,74,600 equity shares, amounting to approximately ₹3,200 crore, according to the stated objectives without any deviations. The funds were aimed at strengthening the bank's capital adequacy for future opportunities. The Audit Committee noted no deviations in the use of these funds.