IndoStar Capital Finance Limited — Others, 29-04-2025: Statement of deviation(s) or variation(s) under Reg. 32

IndoStar Capital Finance Limited has confirmed the utilization of proceeds from the preferential issue of warrants during the recent quarter, adhering to the objectives set out in the Information Memorandum. There have been no deviations in the use of funds, which are allocated for growth initiatives in lending activities across commercial vehicles, housing, and retail sectors. This transparency boosts investor confidence in the company’s commitment to its financial strategies and growth plans.