Fedbank Financial Services Ltd

📊 Fedbank Financial Services Ltd: IPO Funds Usage Update

• No deviation in the use of funds raised from the IPO during the quarter ended March 31, 2026.

• IPO raised ₹1092.26 Crores on November 29, 2023, intended for augmenting Tier 1 capital to meet future business growth requirements.

• Audit committee reviewed and recorded the monitoring agency report from ICRA Limited dated April 17, 2026, on April 28, 2026.