Nippon Life India Asset Management Limited — Others, 28-04-2025: Statement of deviation(s) or variation(s) under Reg. 32

Nippon Life India Asset Management Limited has disclosed that there is no deviation in the use of proceeds from its Initial Public Offering (IPO). The total amount raised was ₹616.90 Crore, with net proceeds of ₹588.85 Crore, fully aligned with the objectives stated in the prospectus. The allocation for operational expenses such as branch setup, IT upgrades, marketing, and lending to its subsidiary remains unchanged, with no overspending or reallocations reported. This stable management of funds could enhance investor confidence, suggesting a positive outlook on operational consistency and governance.