Fedbank Financial Services Limited — Others, 28-07-2025: Statement of deviation(s) or variation(s) under Reg. 32

Fedbank Financial Services has confirmed that there is no deviation in the utilization of funds raised from its Initial Public Offering (IPO) for the quarter ended June 30, 2025. The company raised INR 1092.26 Crores via its IPO on November 29, 2023. These funds are designated to augment its Tier I capital base, supporting future business growth and asset expansion. This update indicates responsible capital management, ensuring funds are used as intended for the company's strategic objectives, a positive for shareholders.