Northern Arc Capital: Monitoring Agency Report for Q1 FY27

Northern Arc Capital Limited has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, concerning the utilization of proceeds from its Initial Public Offer (IPO). The report, issued by CRISIL Ratings Limited, confirms that there were no deviations from the IPO's stated objects. The IPO, which occurred between September 16-19, 2024, raised ₹7,770 million through a fresh issue of ₹5,000 million and an Offer for Sale (OFS) of ₹2,770 million. The net proceeds from the fresh issue amounted to ₹4,498.45 million after deducting issue expenses of ₹501.55 million. The company is a Non-Banking Financial Company (NBFC).