Regulatory20 Jul 2026, 01:55 pm
Indian Overseas Bank Files NIL Deviation/Variation Statement for Q1 FY27
AI Summary
Indian Overseas Bank has submitted a NIL Statement of Deviation(s) or Variation(s) for the quarter ended June 30, 2026, as per SEBI (LODR) Regulations. This indicates no deviations were observed in the utilization of proceeds from equity shares and non-convertible debt securities. The bank confirmed that no funds were raised during the quarter, and therefore, no allocation or utilization figures are applicable. The statement was reviewed and found to be NIL by the Audit Committee and Auditors.
Key Highlights
- No deviation or variation in fund utilization reported for Q1 FY27.
- No funds were raised by the bank during the quarter.
- Statement covers utilization of equity shares and debt securities proceeds.
- Audit Committee and Auditors confirmed NIL deviation.
- Filing complies with SEBI (LODR) Regulations 32(1), 52(7) & 52(7A).
Price Impact
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