Nippon Life India Asset Management Limited — Others, 28-07-2025: Statement of deviation(s) or variation(s) under Reg. 32

Nippon Life India Asset Management has submitted its fund utilization report for the quarter ended June 30, 2025, regarding its 2017 Public Issue. The company confirmed that there is no deviation or variation in the use of the Rs. 588.85 Crore net proceeds from the initial public offering. All funds utilized so far align strictly with the original stated objects in the prospectus. This update provides clarity on how the IPO capital is being deployed, assuring investors of adherence to financial commitments.