Home First Finance Company India Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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Home First Finance Company India Limited has filed a quarterly statement confirming there is no deviation in the use of funds raised through its Qualified Institutions Placement (QIP) in April 2025. The company had raised Rs. 1,250 Crores on April 11, 2025, for augmenting its capital base, and the full amount has been utilised towards the stated purpose. The Audit Committee has reviewed the statement and confirmed Nil deviation. CARE Ratings Limited is acting as the monitoring agency for the issue.
This is a routine compliance filing that reassures shareholders that the Rs. 1,250 Crore QIP proceeds have been used exactly as promised, with no misuse or change in purpose. It is a positive governance signal, likely to have no material impact on the stock price.