BSECompany Update28 Oct 2026 · 28 Oct 2026, 05:02 pm
Statement of Deviation or Variation under Regulation 32 of SEBI (LODR) Regulations 2015 for quarter ended September 30, 2026
Satin Creditcare Network Ltd · 539404
✦ AI SummaryRegulatory
Satin Creditcare Network Ltd has filed a statement of deviation or variation under Regulation 32 of SEBI (LODR) Regulations 2015 for the quarter ended September 30, 2026, related to the utilization of proceeds from the Preferential Issue of Fully Convertible Warrants.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk3/10
Liquidity Impact6/10
Market Sentiment4/10
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Satin Creditcare Network Ltd - 539404 - Statement Of Deviation Or Variation Under Regulation 32 Of SEBI (LODR) Regulations 2015, For Quarter Ended September 30, 2026
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October 28, 2026
The Manager, The Manager,
National Stock Exchange of India Ltd. BSE Limited
Exchange Plaza, C-1, Block G, 25th Floor, P. J. Towers,
Bandra Kurla Complex, Dalal Street,
Bandra East, Mumbai-400051 Mumbai – 400001
Symbol: SATIN Scrip Code: 539404
Sub: Statement of Deviation(s) or Variation(s) of Satin Creditcare Network Limited (“the Company”)
Dear Sir/Madam,
Pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015,
we wish to inform you that, Audit Committee of the Board of Directors of the Company, at its meeting held
today, i.e., October 28, 2026, duly considered and reviewed Statement of Deviation(s) or Variation(s) in
utilization of proceeds from Preferential Issue of Fully Convertible Warrants for quarter ended September
30, 2026.
The relevant details as required under the applicable provisions of SEBI (Listing Obligations and
Disclosure Requirements) Regulation 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-
CFD-POD2/I/3762/2026 dated January 30, 2026, is enclosed herewith.
This is for your information and record.
Yours faithfully,
For Satin Creditcare Network Limited
Vikas Gupta
Company Secretary & Chief Compliance Officer
Encl: A/a
SAIIN SATIN CREDITCARE NETWORK LTD.
Reaching out!
required under Regulation 30 of SEBI Listing Regulations read with SEBI Master
Circular No. HO/49/14/14(7)2025-CFD-POD2il/376212026 dated January 30,2026
Statement on deviation / variation in utilization of funds raised
Name of listed entity Satin Creditcare Nefwork Limited
Mode of Fund Raisins Issue of Fully Convertible Warrants on Preferential Basis
Date of Raising Funds August 03,2026
Amount Raised INR 25,02,50,000 (25o/o of total issue proceeds of 38,50,000
Fully Convertible Wanants at INR 260 per Wanant)
towards the warrant subscription price.
Report filed for Quarter ended September 30,2026
Monitoring Agency Applicable
Monitoring Agency Name, if applicable Brickwork Ratings India Private Limited, SEBI Registered
Credit Rating Agency
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in Not Applicable
terms of a contract or objects which were approved
by the shareholders
If Yes, Date of shareholder Approval Not Applicable
Explanation for the Deviation / Variation Not Applicable
Comments of the Audit Committee after review None
Comments of the auditors, if any None
Objects for which funds have been raised and where there has been a deviation, in the following table
Original Object Modified Original Modified Funds Amount of Remarks, if any
Object, Allocation allocation, Utilized Deviation/Va
if any if any riation for the
quarter
according to
applicable
obiect
Augmenting the capital base NA INR NA INR None INR 25,02,50,000 (25%
of the Company to meet 25,02,50,000 25,02,50,000 of total issue proceeds
funding requirements of our of 38,50,000 Fully
business for onward lending Convertible Warrants at
by way of micro-finance INR 260 per Warrant
towards
loans in accordance with the warrant
applicable laws and to subscription price) was
improve and maintain the fully utilized during
quarter
enhanced regulatory capital ended
requirements. September 30.2026.
Deviation or variation could mean:
(a) Deviation in lhe objects or pttrposesforvhich thefunds have been raised or;
(b) Deviation in the amount offimds actually utilized as against what vas originally disclosed or;
(c) Change in terms of a contract referred to in thefund-raising document i.e. prospectus, letter of ofer, etc.
Yours faithfully,
For Satin Cre Limited
GURGAON
Chief Financial katA
CORPORATE OFFICE: REGISTERED OFFICE: ctN : 165991 DL1990PLC041 796
Plot No. 492, Udyq Vthar, 5th Floor, Kundan Bhawan, Landline No z 0124-4715400
Phase - lll, Gurugram, Azadpur Commercial Complex, E.MaIIID : info@satincreditcare.com
Haryana- 122016,lndia Puadpur, New Delhi- 110033, lndia Website : www.satincreditcare.com