Tata Capital Limited has filed its quarterly monitoring agency report for the period ended March 31, 2026, demonstrating significant progress in deploying proceeds from its Initial Public Offering. The report, mandated under SEBI regulations and prepared by CARE Ratings Limited, shows that the company has utilized 99% of its fresh issue proceeds in accordance with the stated objectives.

IPO Details and Structure

The company's IPO, conducted from October 06, 2025 to October 08, 2025, raised a total of Rs. 15,512 crore. The issue comprised two components: a fresh issue of Rs. 6,846 crore and an offer for sale of Rs. 8,666 crore. Tata Sons Private Limited serves as the promoter of the Non-Banking Financial Services company.

Proceeds Utilization Progress

The monitoring report reveals substantial deployment of the fresh issue proceeds across the designated objectives. The company allocated Rs. 6,697 crore for augmenting Tier-1 capital to meet future capital requirements, including onward lending arising from business growth. An additional Rs. 149 crore was earmarked for issue expenses.

Regulatory Compliance and Monitoring

The report confirms that all utilization aligns with disclosures made in the offer document, with no deviations from the stated objects. CARE Ratings Limited, serving as the monitoring agency, verified the deployment through multiple sources including bank statements, CA certificates, and management certifications. The company has obtained all necessary government and statutory approvals related to the issue objectives.

Key compliance highlights include:

• No material deviations from expenditures disclosed in the offer document
• No changes in the means of finance for disclosed objects
• All regulatory approvals obtained as required
• No unfavorable events affecting the viability of stated objects

Financial Deployment and Timeline

The company successfully completed the primary objective of augmenting Tier-1 capital ahead of schedule, finishing on October 14, 2025, compared to the target completion date of March 31, 2026. The remaining Rs. 80 crore represents unutilized issue expenses, which are maintained in the company's public issue account with ICICI Bank.

Board and Audit Committee Review

The Audit Committee and Board of Directors reviewed and approved the monitoring agency report during their meeting held on April 23, 2026. The Board noted that there were no deviations from the stated purposes and that net proceeds were utilized according to the prospectus disclosures. The report was subsequently filed with both BSE Limited and National Stock Exchange of India Limited in compliance with SEBI listing regulations.

Tata Capital Limited has filed its quarterly compliance certificate with stock exchanges for the quarter ended March 31, 2026, in accordance with SEBI regulatory requirements.

Regulatory Compliance Filing

The company submitted its certificate under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018 to both BSE Limited and National Stock Exchange of India Limited on April 10, 2026.

Certificate Confirmation

MUFG Intime India Private Limited, serving as the company's Registrar and Transfer Agent, issued the compliance certificate on April 6, 2026. The certificate specifically confirms that during the quarter ended March 31, 2026, no request for dematerialisation of securities was received from any member of the company.

Regulatory Framework

The filing falls under SEBI's regulatory framework governing depositories and participants, which requires periodic compliance certificates from listed companies. This ensures transparency and proper maintenance of securities records in dematerialised form.

The submission demonstrates Tata Capital's ongoing compliance with SEBI regulations and maintains transparency with stakeholders regarding securities management processes.