Fedbank Financial Services reports no IPO fund deviation for Q4 FY26

Fedbank Financial Services Ltd has reported no deviation or variation in the utilization of its Initial Public Offer (IPO) proceeds for the quarter ended March 31, 2026. The company raised INR 1092.26 Crores through its public issue on November 29, 2023. The IPO funds were intended to augment the company's Tier I capital to meet future capital requirements arising from business and asset growth. This statement, along with the Monitoring Agency report from ICRA Limited dated April 17, 2026, was reviewed and taken on record by the Audit Committee on April 28, 2026. The Monitoring Agency report was also submitted to the Stock Exchanges on the same day, confirming compliance with SEBI regulations.