Northern Arc Capital Limited — Others, 29-07-2025: Statement of deviation(s) or variation(s) under Reg. 32

Northern Arc Capital has confirmed no deviation or variation in the utilization of proceeds from its Initial Public Offer (IPO) for the quarter ended June 30, 2025. The company raised Rs 449.845 Cr (net of issue proceeds) through its IPO. This update provides clarity to investors that the funds are being used strictly as per the original stated objectives, reinforcing the company's commitment to financial discipline and transparency regarding capital deployment.