Utkarsh Small Finance Bank Limited has submitted a regulatory disclosure to the BSE Limited and the National Stock Exchange of India Limited pursuant to Regulation 52(7) and Regulation 52(7A) of the SEBI Listing Regulations read with SEBI Circular No. CIR/CFD/CMD1/162/2019 dated December 24, 2019.
The disclosure pertains to the utilization of funds raised through the issuance of Non-Convertible Debentures (NCDs) on a private placement basis. The bank raised Rs. 300 crores through this issuance on September 25, 2026.
The stated object for raising the funds was "Augmenting lower Tier II Capital for strengthening its capital adequacy and for enhancing its long-term resources." The proceeds were to be utilized for the regular business activities of the Bank.
For the quarter ended September 30, 2026, the bank reports that there was no deviation or variation in the utilization of the raised funds. The entire amount of Rs. 300 crores has been utilized in line with the original objects mentioned in the Key Information Document.
The statement of deviation/variation was reviewed by the Audit Committee of the Bank at its meeting held on Tuesday, November 03, 2026. The committee's comments are noted as "NIL."
The disclosure is also available on the Bank's website at www.utkarsh.bank.in.
The letter is digitally signed by Muthiah Ganapathy, Company Secretary & Compliance Officer of Utkarsh Small Finance Bank Limited, on November 03, 2026.