Fino Payments Bank Limited has submitted its quarterly compliance statement to stock exchanges, confirming no deviations in the utilization of funds raised through its Initial Public Issue for the quarter ended December 31, 2025. The statement was filed pursuant to Regulation 32 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.

IPO Fund Utilization Details

The bank's fund utilization statement provides comprehensive details of its public issue proceeds and their deployment:

Complete Fund Deployment Achieved

The bank has successfully utilized the entire net proceeds of Rs. 283.36 crore for the originally stated purpose of augmenting its Tier-1 capital base to meet future capital requirements. The statement confirms that there were no deviations in the objects or purposes for which the funds were raised, nor any variations in the amount of funds utilized as against the original disclosure.

Regulatory Compliance and Oversight

The quarterly statement was reviewed by the bank's Audit Committee during its meeting held on January 29, 2026. The committee confirmed that there were no deviations or variations in the utilization of the IPO funds during the reporting quarter. Company Secretary and Compliance Officer Basavraj Loni signed the compliance statement, which has also been made available on the bank's website at www.fino.bank.in .

Fund Utilization Framework

Under SEBI regulations, listed entities must report any deviations or variations in fund utilization, which could include:

• Deviation in the objects or purposes for which funds were raised
• Variation in the amount of funds actually utilized versus original disclosure
• Changes in terms of contracts referenced in fund raising documents

Fino Payments Bank's clean compliance record demonstrates effective fund management and adherence to its stated capital augmentation objectives since its public listing in 2021.

Fino Payments Bank has received regulatory approval from the Reserve Bank of India for the re-appointment of Mr. Rishi Gupta as Managing Director and Chief Executive Officer. The central bank's approval extends Gupta's leadership tenure until May 2026, providing continuity in the bank's executive management.

Leadership Continuity Secured

The RBI's decision to approve Gupta's re-appointment demonstrates regulatory confidence in his leadership capabilities and the bank's strategic direction. This approval is particularly significant given the stringent regulatory oversight that payment banks operate under in India's financial services sector.

Shareholder Approval Pending

While the RBI has granted its regulatory approval, the re-appointment process is not yet complete. The decision now awaits formal approval from Fino Payments Bank's shareholders, who must vote on the proposal through the bank's established corporate governance procedures.

Next Steps in Corporate Governance

The bank will need to convene the necessary shareholder meetings to seek formal ratification of Gupta's re-appointment. This step represents standard corporate governance practice, ensuring that both regulatory and shareholder interests are aligned in key leadership decisions.

The completion of this process will provide Fino Payments Bank with executive leadership stability as it continues to operate in India's evolving digital payments landscape.