Niva Bupa Health Insurance Company Limited — Others, 31-07-2025: Statement of deviation(s) or variation(s) under Reg. 32

Niva Bupa Health Insurance has confirmed the utilization of funds from its November 2024 Initial Public Offering. The company raised INR 800.00 crore through the IPO. For the quarter ended June 30, 2025, INR 795.23 crore has been utilized for augmenting the capital base and strengthening solvency levels. A report, reviewed by the Audit Committee, states there is no deviation or variation from the original stated objectives. This update assures shareholders that IPO proceeds are being deployed as intended for business stability.