Canara Bank , a Government of India Undertaking, has filed its fund utilization statement for the quarter ended March 31, 2026, with BSE Ltd. and the National Stock Exchange of India Ltd., in compliance with Regulation 32(1) and Regulation 52(7) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure, filed on May 11, 2026, confirms that there is nil deviation or variation in the utilization of funds raised during Q4 FY2025-26. The filing was signed by Company Secretary Santosh Kumar Barik and certified by General Manager & GCFO Amit Mittal from the bank's Head Office in Bengaluru.

Nil Deviation Reported Under Regulation 32

As per the statement filed under Regulation 32(1) of SEBI (LODR) Regulations, 2015, no funds were raised through public issues, rights issues, preferential issues, QIP, or other modes during Q4 FY2025-26. Consequently, all related parameters — including date of raising funds, amount raised, monitoring agency details, and deviation or variation — are marked as "Not Applicable" for the quarter. The bank confirmed that the deviation or variation in utilization of funds raised for the quarter ended March 31, 2026 is NIL.

Utilization of Issue Proceeds Under Regulation 52

Under Regulation 52(7) and 52(7A) of SEBI (LODR) Regulations, 2015, Canara Bank disclosed the utilization of proceeds from its listed Non-Convertible Debt Securities. The bank raised Rs. 5,000 crores through a private placement of Basel III Tier II instruments during the reporting period, and the entire amount was fully utilized with no deviation reported.

The following table summarizes the statement of utilization of issue proceeds:

Statement of Deviation/Variation in Use of Issue Proceeds

The statement of deviation/variation in use of issue proceeds, filed under Regulation 52(7) and 52(7A), further confirms that there is no deviation or variation in the use of the funds raised. All fields pertaining to approval requirements, explanation for deviation, audit committee comments, and auditor comments are marked as "Not Applicable," reflecting the absence of any deviation. The original object of fund utilization remains unchanged, with no modified allocation or variation amount reported for the quarter.

The key parameters from the deviation statement are as follows:

The disclosure was submitted from Canara Bank's Secretarial Department, Head Office, 112 J C Road, Bengaluru - 560002, and is available for reference on the exchanges' records.

Canara Bank has filed its Security Cover Certificate for the quarter ended March 31, 2026, with BSE Ltd. and the National Stock Exchange of India Ltd., in compliance with Regulation 54 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure, dated May 11, 2026, was submitted by Company Secretary Santosh Kumar Barik from the bank's Head Office at 112, J C Road, Bengaluru - 560002.

Certificate Issued by Statutory Auditors

The Security Cover Certificate was prepared and submitted by M/s K Venkatachalam Aiyer & Co., Chartered Accountants (F.R. No. 004610S), one of the Statutory Central Auditors of the bank. The certificate was signed by Partner M. Sivakumar (M. No. 023844) and carries UDIN: 26018159 PE OR VT 2927. The submission is in accordance with Regulation 54(2) read with Regulation 56(1)(d) of the SEBI (LODR) Regulations, 2015, as amended from time to time, and SEBI Circular No. SEBI/HO/DDHS-PoD3/P/CIR/2024/46 dated May 16, 2024.

Listed Unsecured Non-Convertible Debt Securities

As on March 31, 2026, Canara Bank has 17 listed unsecured non-convertible debt securities outstanding. The combined sanctioned amount and outstanding amount for all these instruments stand at Rs. 54,403.00 crore. The following table details each instrument:

All 17 instruments are classified as unsecured, and accordingly, the Cover Required and Assets Required columns are reported as Nil for each.

Security Cover and Covenant Compliance

Since Canara Bank has issued only unsecured non-convertible debt securities, the requirement to provide particulars of security and security coverage against interest and principal amount is not applicable. In line with the clarification received from NSE—applicable to entities having only unsecured debt securities—the bank has submitted a NIL report in the prescribed format as per SEBI Circular No. SEBI/HO/DDHS-PoD3/P/CIR/2024/46 dated May 16, 2024. The Exclusive Security Cover Ratio and Pari-Passu Security Cover Ratio are both reported as NIL.

Based on examination of the books of accounts and other relevant records and documents, M/s K Venkatachalam Aiyer & Co. have certified that Canara Bank has complied with all the covenants of the above-mentioned listed unsecured non-convertible debt securities as on March 31, 2026. The NIL report is provided as Annexure I to the certificate, covering all prescribed asset and liability categories including Property, Plant and Equipment; Investments; Loans; and Debt Securities, all of which carry NIL values in the context of security cover for these unsecured instruments.