Northern Arc Capital: No Deviation in IPO Proceeds Utilization

Northern Arc Capital Ltd. reports no deviation or variation in the utilization of proceeds raised through its Initial Public Offer (IPO) for the quarter ended March 31, 2026. The IPO, which raised ₹4,498.45 million (net of issue proceeds) through equity shares on September 23, 2024, was monitored by CRISIL Ratings Limited. The company confirms that the funds were utilized as per the objects stated in the prospectus, with no modifications or deviations.