Punjab National Bank has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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Punjab National Bank has submitted a compliance filing regarding the use of proceeds from its Long Term Bonds Series III. The bank raised Rs. 2,950 crore through a private placement of these bonds on February 14, 2025, identified by ISIN INE160A08324. The entire amount of Rs. 2,950 crore has been fully utilized during the quarter ended March 31, 2025. Importantly, the bank has confirmed there is no deviation or variation in the use of funds from the originally stated purpose. The filing was made under SEBI Regulations 52(7) and 52(7A) covering non-convertible securities, and Regulation 32(1) disclosure was noted as not applicable for the quarter.
This is a routine regulatory compliance filing with no negative implications for shareholders. It confirms disciplined fund utilization as per stated objectives, reflecting good governance. No material impact on stock price is expected from this disclosure.