HDB Financial Services: Monitoring Agency Report on IPO Proceeds

HDB Financial Services Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, prepared by CARE Ratings Limited. The report confirms that the utilization of proceeds raised through its Initial Public Offer (IPO) of equity shares, aggregating to ₹2,500 crore (fresh issue), has been in line with the objects disclosed in the offer document. There has been no material deviation in the utilization of funds. The monitoring agency has reviewed the utilization based on information provided by the issuer and other reliable sources, confirming adherence to SEBI regulations.