HDB Financial Services Limited has submitted a statement confirming no deviation or variation in the utilization of proceeds raised through its Initial Public Offer (IPO). The company's equity shares were listed on the National Stock Exchange of India Limited and BSE Limited effective July 02, 2025.

As per Regulation 32(1) of the SEBI Listing Regulations, the statement pertains to the quarter ended December 31, 2025. The funds were raised on June 30, 2025, through a Public Issue - Initial Public Offer (IPO) amounting to ₹2,500 Crore (Fresh Issue).

The monitoring agency for these funds is CARE Ratings Limited. The statement confirms that there has been no deviation or variation in the use of funds raised. The Audit Committee and auditors have provided 'Nil' comments regarding any deviations.