Fedbank Financial Services: No Material Deviation in Fund Utilization

Fedbank Financial Services Ltd has submitted the Monitoring Agency Report for the quarter ended March 31, 2026. ICRA Limited, the appointed Monitoring Agency, confirmed that there is no material deviation or variation in the utilization of funds raised through the company's public issue. This report was issued in compliance with Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 41(4) of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The report clarifies it does not comment on the quality of issue objects or cost appropriateness.