Home First Finance Company India Limited — Others, 25-07-2025: Monitoring Agency Report

Home First Finance Company India Ltd. has confirmed the full utilization of its Rs. 1250 Cr Qualified Institutional Placement (QIP) proceeds. The company reported that 100% of the funds have been deployed towards the stated objectives, with no deviations. The primary purpose was augmenting the capital base, which received Rs. 1230.60 Cr. Issue expenses amounted to Rs. 19.4 Cr, with a Rs. 1 Cr surplus from this allocation re-purposed to capital augmentation. CARE Ratings Limited's monitoring report confirmed this utilization, and the company's Audit Committee and Board of Directors have reviewed and accepted it. This ensures efficient use of funds for business growth.