Northern Arc Capital Ltd

Northern Arc Capital Ltd's Board of Directors, in a meeting held on July 10, 2026, approved the appointment of M/s. R. Subramaniyan and Company LLP as Joint Statutory Auditors for a three-year term, subject to member approval. This appointment aligns with RBI guidelines for NBFCs with assets over ₹15,000 crore. The Board also approved the allotment of 39,000 equity shares under the ESOP Plan, increasing the company's paid-up equity share capital. The meeting commenced at 5:45 PM and concluded at 7:15 PM.

Northern Arc Capital Ltd has announced the closure of its trading window for dealing in the company's securities. This closure is effective from July 01, 2026, and will remain in effect until 48 hours after the declaration and submission of the company's unaudited financial results (standalone and consolidated) for the first quarter ending June 30, 2026. The decision aligns with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The date for the Board of Directors' meeting to approve these financial results will be communicated separately.

Northern Arc Capital Ltd (NACL) has entered into a Memorandum of Understanding (MoU) with YES BANK Limited to address India's credit gap. This strategic partnership aims to leverage NACL's network of 368 originator partners to facilitate significant credit deployment for YES BANK through its Placements Business. The collaboration involves integrating technology platforms, including NACL's proprietary nPOS, NIMBUS, and NuScore, with YES BANK's digital lending architecture. Additionally, YES BANK will distribute investment products from Northern Arc's wealth and bonds businesses, while its subsidiary NAIM will offer Alternative Investment Funds. Altifi, Northern Arc's digital bonds platform, will also be integrated with YES BANK's wealth ecosystem. This partnership is expected to create a comprehensive ecosystem for credit, capital markets, technology, and wealth management, driving business growth and enhancing customer acquisition for both entities.

Northern Arc Capital Ltd. has released the Monitoring Agency Report by CRISIL Ratings Limited for the quarter ended March 31, 2026, regarding the utilization of IPO proceeds. The report, dated May 14, 2026, confirms that there are no deviations from the stated objectives of the issue. The initial public offer included a fresh issue of ₹5,000 million and an offer for sale (OFS) of ₹2,770 million.

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.

Northern Arc Capital Ltd's Board of Directors approved the audited standalone and consolidated financial results for the year ended March 31, 2026. The board also approved the issuance of Non-Convertible Debentures (NCDs) for an amount not exceeding ₹5,000 Crore via private placement, subject to shareholder approval. Amendments to the Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information were also approved.

Northern Arc Capital Ltd's Board of Directors approved the audited standalone and consolidated financial results for the year ended March 31, 2026. The board also approved the issuance of Non-Convertible Debentures (NCDs) for up to ₹5,000 Crore via private placement, subject to shareholder approval. Amendments to the Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information were also approved.

Northern Arc Capital Ltd has announced that its Board of Directors will convene on Friday, May 8, 2026. The agenda includes considering and approving the Audited Financial Results (Standalone and Consolidated) for the quarter and financial year ended March 31, 2026. Additionally, the Board will consider raising funds through the issuance of Debt Securities via private placement, subject to shareholder approval. The trading window for the company's securities will remain closed until May 10, 2026, 48 hours after the financial results announcement.

Northern Arc Capital Ltd announced the retirement of Ms. Kshama Fernandes as the Non-executive Non-independent Director due to completion of her tenure. She ceased to be a Director of the Company with effect from the close of business hours on March 31, 2026. The Board and Management of the Company expressed their gratitude for her valuable contribution and guidance during her association with the Company.

Northern Arc Capital Ltd has announced the closure of the trading window for the quarter ending March 31, 2026. The closure is in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015 and the company's Code of Conduct. The trading window will remain closed for all designated persons of the company and their immediate relatives until 48 hours after the declaration and submission of the Audited Financial Results for the financial year ending March 31, 2026. The meeting of the Board of Directors to consider and approve the Audited Financial Results will be intimated in due course.