Fedbank Financial Services Limited — Others, 23-10-2024: Statement of deviation(s) or variation(s) under Reg. 32

Fedbank Financial Services Limited reported that there were no deviations or variations in the utilization of funds raised from its Initial Public Offer (IPO) for the quarter ended September 30, 2024. The company raised INR 1,092.26 crores, and the funds will be used to augment its Tier I capital base to support future growth. This statement has been reviewed by the Audit Committee and confirmed by the monitoring agency, ICRA Limited.