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Dear Sir/Ma’am,
In compliance with regulation 51 and 52 of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we hereby
enclose, the unaudited standalone financial results of the Company along with the Limited
review Report (“LRR”) for the quarter ended June 30, 2023, which have been duly approved by
the board of directors of the Company (“Board”) in their meeting held today i.e., August 11, 2023.
We would also like to inform you that the Board has considered and approved the borrowings
of the Company by way of Issuance of Non-Convertible Debentures (“NCDs”) up to the limit of
INR 4000 Crores on a private placement basis and Commercial Papers ("CPs") up to the limit
of INR 1500 Crores which is subject to approval of the shareholders of the Company.
The board meeting commenced at 05:00 PM (IST) and concluded at 07:35 PM (IST).
Thanking you.
Yours faithfully,
For Navi Finserv Limited
THOMAS Digitally signed by
THOMAS JOSEPH
Copy to -
CATALYST TRUSTEESHIP LIMITED
Windsor, 6th Floor, Office No – 604 C.S.T. Road, Kalina Santacruz (East), Mumbai – 400 098
Sub: Statement of utilization of issue proceeds under Regulation 52(7) of SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015.
Dear Sir/Madam,
Pursuant to Regulation 52(7) of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, we hereby confirm that the proceeds of issues from various Non-Convertible
Debentures (NCD) issued by the Company were utilized for the objects as stated in the offer
document and there is no material deviation in the utilization of such proceeds as on June 30,
2023.
Thanking you.
Yours faithfully,
For Navii Finserv
v Limited
d
Digitally signed by
ANKIT ANKIT SURANA
Date: 2023.08.11
SURANA 18:32:13 +05'30'
Ankit Surana
Chief Financial Officer
Date: August 11, 2023
Copy to -
CATALYST T TRUSTEESHIP P LIMITED
D
Windsor, 6th Floor, Office No – 604 C.S.T. Road, Kalina Santacruz (East), Mumbai – 400 098
IDBII Trusteeship
p Services
s Limited
d
Asian Building, Ground Floor 17, R. Kamani Marg, Ballard Estate Mumbai – 400 001
Navii Finserv
v Limited
d (formerly
y knownn as
s Navii Finserv
v Private
e Limited)
E: corporate_finserv@navi.com | T: 08045113400 | www.navi.com/finserv | CIN: U65923KA2012PLC062537
Registered Office- 2nd Floor, Vaishnavi Tech Square, Iballur Village, Begur Hobli, Bengaluru, Karnataka 560102
Annexx - IV-A
A
Mode e of Iff 8 is
s Yes,,
Fundd then n
Name e of Raising
g Typee off Date off Anyy Rem
the
e Issuerr ISIN
N instrum
mentt Amountt Funds s specify y a rks,
(Public
c raising
g deviati the e
Raised utilized
d iff any
issues// funds on
n purpose e
Private (Yes// of forr
placement No)
) which h thee
funds s
were e
utilized d
1. INE342T07361 Private Non- May 29, 75 Crores yes No NA -
Placement Convertible 2023
Debentures
Particulars Remarks
Name of listed entity Navi Finserv Limited
Mode of fund raising Private placement
Type of instrument Non-convertible Securities
Date of raising funds May 29, 2023
Amount raised 75 crores
Report filed for quarter ended June 30, 2023
Is there a deviation/ variation in use of funds raised? No
Whether any approval is required to vary the objects of the issue Not Applicable
stated in the prospectus/ offer document?
If yes, details of the approval so required? Not Applicable
Date of approval Not Applicable
Explanation for the deviation/ variation Not Applicable
Comments of the audit committee after review Not Applicable
Comments of the auditors, if any Not Applicable
Objects for which funds have been raised and where there has been a deviation/ variation, in the
following table: NA
Original Modified Original Modified Funds Amount of deviation/ Remarks,
object object, if allocation allocatio utilised variation for the quarter if any
any n, if any according to applicable
object (in Rs. crore and
in %)
NA NA NA NA NA NA NA
a. Deviation in the objects or purposes for which the funds have been raised.
b. Deviation in the amount of funds actually utilized as against what was originally disclosed.
Navii Finserv
v Limited
d (formerly
y knownn as
s Navii Finserv
v Private
e Limited)
E: corporate_finserv@navi.com | T: 08045113400 | www.navi.com/finserv | CIN: U65923KA2012PLC062537
Registered Office- 2nd Floor, Vaishnavi Tech Square, Iballur Village, Begur Hobli, Bengaluru, Karnataka 560102
Forr Navii Finserv
v Limited
d
ANKIT Digitally signed
by ANKIT SURANA
Navii Finserv
v Limited
d (formerly
y knownn as
s Navii Finserv
v Private
e Limited)
E: corporate_finserv@navi.com | T: 08045113400 | www.navi.com/finserv | CIN: U65923KA2012PLC062537
Registered Office- 2nd Floor, Vaishnavi Tech Square, Iballur Village, Begur Hobli, Bengaluru, Karnataka 560102