The Federal Bank Limited — Others, 30-04-2025: Statement of utilization of issue proceeds

The company has provided a statement on the utilization of issue proceeds, detailing how the funds raised will support its growth initiatives and operational needs. This includes investments in expansion projects, working capital requirements, and debt repayment. The transparency regarding the allocation of these funds is significant for shareholders, as it demonstrates the management's commitment to strategic growth and enhances financial stability, which could positively impact the company's long-term performance.