Northern Arc Capital Ltd

Northern Arc Capital Ltd has been penalized ₹6.20 Lakhs by the Reserve Bank of India (RBI) via a speaking order dated August 14, 2026. The penalty stems from two primary non-compliances: failure to accurately disclose customer complaints in financial statements (reporting 938 instead of 23,956) and not ensuring auto-escalation of rejected complaints to the Internal Ombudsman. The penalty is in respect of the company's financial position as of March 31, 2025. Northern Arc Capital has stated that corrective actions have been undertaken to address these issues.

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).

Northern Arc Capital Limited has filed a Statement of Deviation & Variation for the quarter ended June 30, 2026. The company confirms that there has been no deviation or variation in the utilization of proceeds raised through its Initial Public Offer (IPO) of equity shares. The total amount raised was ₹4,498.45 million (net of issue proceeds). The filing, made pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, assures stakeholders that funds were utilized as per the original objects disclosed in the prospectus. The report is available on the company's website.

Northern Arc Capital Ltd announced its unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026. The Board of Directors approved these results during a meeting held on July 27, 2026. The filing includes the financial results, limited review reports from statutory auditors M/s. Walker Chandiok & Co LLP, disclosures as per Listing Regulations, a security cover certificate, and a press release detailing the company's financial and operational performance for the quarter. The company's registered office is in Chennai, India.

Northern Arc Capital Ltd announced the outcome of its Board Meeting held on July 27, 2026. The Board approved the Unaudited Standalone and Consolidated Financial Results for the first quarter ended June 30, 2026. The company also submitted the Limited Review Reports from statutory auditors M/s. Walker Chandiok & Co LLP, along with disclosures required under Regulation 52(4) of the Listing Regulations. A security cover certificate and a press release detailing the financial and operational performance for the quarter were also enclosed. The filing was made in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Northern Arc Capital Ltd has filed its Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-26. The report, submitted as per SEBI regulations, forms part of the company's Annual Report. It details the company's operations, employee data, customer segments, and sustainability initiatives. The company operates as a Non-Banking Financial Company (NBFC) with its primary business activity being financial services, accounting for 100% of its turnover. The report highlights a diverse customer base including rural and retail customers, MSMEs, originator partners, emerging corporates, and institutional investors. Northern Arc Capital emphasizes its focus on underserved and emerging segments within its financing operations.

Northern Arc Capital Ltd has announced its 18th Annual General Meeting (AGM) will be held on August 18, 2026, at 11:30 AM IST. The meeting will be conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM). Key agenda items include the adoption of audited standalone and consolidated financial statements for the financial year 2025-26, the appointment of Joint Statutory Auditors, and resolutions related to borrowing powers and creating charges on company assets. The full notice and explanatory statement are part of the Annual Report FY 2025-26, available on the company's website.

Northern Arc Capital Limited has announced its 18th Annual General Meeting (AGM) will be held on Tuesday, August 18, 2026, at 11:30 A.M. IST. The meeting will be conducted virtually via Video Conferencing (VC) or Other Audio-Visual Means (OAVM) in compliance with MCA and SEBI regulations. The deemed venue is the company's registered office in Chennai. The Notice convening the AGM and the Annual Report for the Financial Year 2025-26 have been published on the company's website and stock exchange portals. Members can exercise their voting rights electronically through NSDL's e-voting services. The cut-off date for AGM participation and e-voting is Wednesday, August 12, 2026. Remote e-voting will be open from August 14 to August 17, 2026.

Northern Arc Capital Ltd has received an ESG rating of "[ICRA ESG] Impact Rating 81, Outstanding" from ICRA ESG Ratings Limited, a SEBI registered ESG Rating Provider. The rating was assigned after an independent ESG assessment undertaken by ICRA ESG Ratings Limited. The company engaged ICRA ESG Ratings Limited for this assessment. The rating letter was received on July 24, 2026, and the intimation is also uploaded on the company's website. The rating is an opinion and not a recommendation to buy, sell, or hold investments. The rating will be due for surveillance within one year.

Northern Arc Capital Ltd has announced that its Board of Directors will convene on July 27, 2026. The primary agenda item is to consider and approve the unaudited financial results for the first quarter ended June 30, 2026, covering both standalone and consolidated statements. Additionally, the company has set a trading window closure period for its securities, effective until July 29, 2026, which is 48 hours after the announcement of the financial results. This closure applies to all designated persons and their immediate relatives to prevent trading during this sensitive period.