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27 Apr 2026
AYE Finance Limited has submitted a statement to BSE Limited and National Stock Exchange of India Limited confirming no deviation or variation in the utilization of proceeds raised through its Initial Public Offer for the quarter ended March 31, 2026. The filing was made pursuant to Regulation 32(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the SEBI Master Circular dated January 30, 2026.
The company raised INR 710 Crores through a fresh issue via public issue on February 12, 2026. CRISIL Ratings Limited has been appointed as the monitoring agency for overseeing the utilization of these funds. The statement confirms that there has been no deviation in the objects or purposes for which the funds were raised, nor any deviation in the amount of funds actually utilized as against what was originally disclosed.
Key Details of IPO Proceeds Utilization
Particulars Details Name of listed entity Aye Finance Limited (formerly known as Aye Finance Private Limited) Mode of Fund Raising Public Issue (Initial Public Offer) Date of Raising Funds February 12, 2026 Amount Raised INR 710 Crores (Fresh Issue) Report filed for quarter ended March 31, 2026 Monitoring Agency CRISIL Ratings Limited Deviation/Variation in use of funds No
The audit committee and auditors have provided nil comments after reviewing the fund utilization. The company clarified that deviation or variation could mean deviation in the objects or purposes for which funds were raised, deviation in the amount of funds actually utilized as against original disclosure, or change in terms of a contract referred to in the fund raising document such as prospectus or letter of offer.
The statement was signed by Vipul Sharma, Company Secretary, Compliance Officer & CCO, and Sovan Satyaprakash, Interim Chief Financial Officer, on behalf of Aye Finance Limited. The company, formerly known as Aye Finance Private Limited, operates with scrip code 544699 and trading symbol AYE on the stock exchanges.
Aye Finance 's Co-Managing Director has announced a strategic commitment to drive growth while maintaining stringent risk management protocols. The leadership statement underscores the company's dedication to creating sustainable value for all stakeholders through a balanced operational approach.
Strategic Growth Focus
The Co-Managing Director's pledge highlights the company's commitment to pursuing growth opportunities in a measured and responsible manner. This strategic direction emphasizes the importance of expanding operations while ensuring that risk factors are carefully evaluated and managed throughout the growth process.
Risk Management Priority
Alongside growth initiatives, the leadership has placed significant emphasis on maintaining robust risk management practices. This dual focus demonstrates Aye Finance's commitment to sustainable business practices that protect stakeholder interests while pursuing expansion opportunities.
Stakeholder Value Creation
The announced strategy specifically targets long-term benefits for stakeholders, indicating a comprehensive approach to value creation. This commitment reflects the company's understanding of its responsibilities to various stakeholder groups and its dedication to delivering sustained value over time.
Leadership Vision
The Co-Managing Director's statement represents a clear articulation of the company's strategic vision, balancing ambitious growth targets with prudent risk management. This approach positions Aye Finance to navigate market challenges while capitalizing on opportunities for sustainable expansion in the financial services sector.
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