Statement of deviation / variation in utilisation of funds
Awaiting price reaction for this filing.
State Bank of India submitted a quarterly statement of deviation or variation in the use of funds raised, for the quarter ended 31 March 2025, to BSE and NSE. The bank reported no equity issuance and no new bond issuance during the quarter, so both Regulation 32 and Regulation 52(7)/(7A) disclosures are marked Not Applicable. An annexure lists 29 outstanding domestic bond instruments (Tier 2, AT1, and LTB) with a total face value of Rs 1,69,557 crore, all fully utilised with no deviations reported. No comments or concerns were raised by the audit committee or auditors.
This is a routine compliance filing confirming no new fundraising activity and no misuse or deviation in the deployment of previously raised bond proceeds. There is no material impact on shareholders or the stock price.