| <p>Novus Loyalty Limited, formerly Novus Loyalty Pvt. Ltd., reported that Rs 12.36 crore of the Rs 48.18 crore raised through its initial public offering has been utilized for offer-related expenses, while the remaining Rs 35.82 crore is temporarily held in fixed deposits and will be used as per the objects stated in the offer document. The company also confirmed no material deviation in the use of the IPO proceeds from the objects stated in the offer document, as reviewed by the Audit Committee for the quarter ended September 30, 2026.</p> |