Northern Arc Capital has filed a formal intimation with BSE Limited and the National Stock Exchange of India Ltd. regarding the utilization of funds raised through its Initial Public Offering (IPO). The statement, dated May 08, 2026, confirms that there has been no deviation or variation in the use of the IPO proceeds during the quarter ended March 31, 2026.

The disclosure is made pursuant to Regulation 32(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company clarified that no approvals were required to vary the objects of the issue as stated in the prospectus, as the funds were utilized strictly in accordance with the original allocation.

Details of Fund Utilisation

The company successfully raised capital through a public issue of equity shares. The key financial details regarding the fund raising and utilization are outlined below:

Compliance and Monitoring

CRISIL Ratings Limited served as the monitoring agency for the utilization of the funds raised. The statement explicitly notes that there was no deviation in the objects or purposes for which the funds were raised, nor was there any deviation in the amount of funds actually utilized against the original disclosures. Consequently, there are no financial variations to report for the half year according to the applicable objects.

The signed statement was submitted by Atul Tibrewal, Chief Financial Officer of Northern Arc Capital Limited, on May 08, 2026. The complete document is also available on the company's official website.

Northern Arc Capital Limited has completed its quarterly regulatory compliance by submitting the mandatory certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations 2018 for the quarter ended March 31, 2026.

Regulatory Filing Details

The compliance certificate was filed on April 02, 2026, and submitted to both major stock exchanges where the company's shares are traded. Prakash Chandra Panda, Company Secretary & Compliance Officer, signed the submission documents digitally on April 02, 2026.

Stock Exchange Submissions

The certificate was submitted to both primary stock exchanges where Northern Arc Capital's shares are listed:

Registrar Certification Process

KFin Technologies Limited, acting as the Registrar and Share Transfer Agent for Northern Arc Capital, issued separate certificates to both depositories on April 02, 2026. Vijayashailu J E N, Senior Manager at KFin Technologies, signed the certificates confirming compliance with regulatory requirements.

Depository Submissions

The registrar submitted certificates to both major depositories:

• National Securities Depository Limited (NSDL) - Located at Trade World, Lower Parel, Mumbai
• Central Depository Services (India) Limited (CDSL) - Located at Marathon Futurex, Lower Parel, Mumbai

Compliance Confirmation

KFin Technologies certified that all details of securities dematerialized and rematerialized during the quarter ended March 31, 2026, have been properly furnished to all stock exchanges where Northern Arc Capital's shares are listed, as required under SEBI regulations.

Company Information

Northern Arc Capital Limited operates from its registered office at IIT-Madras Research Park, Chennai. The company maintains its regulatory compliance through systematic quarterly filings and works with KFin Technologies Limited for registrar and share transfer services.