Northern Arc Capital Limited — Others, 14-05-2025: Monitoring Agency Report

Northern Arc Capital has announced a board meeting on the financial results for the quarter and half-year. The company has fully utilized its IPO proceeds of Rs 777 Cr (including a fresh issue of Rs 500 Cr) as planned to support future lending. Issue expenses of Rs 27.5 Cr have been partially spent, with the remainder held in a public offer account. Crisil Ratings, as the monitoring agency, confirmed compliance with the fund utilization plan, ensuring transparency for shareholders.