Corporate Governance4 Nov 2026, 07:03 pm
Centum Electronics: No Deviation in QIP Fund Utilization for Sep 2026 Quarter
AI Summary
Centum Electronics Limited has filed its Statement of Deviation or Variation for the utilization of Qualified Institutions Placement (QIP) proceeds as of September 30, 2026. The company raised ₹2,100 million on March 13, 2025. The statement, reviewed by the Audit Committee and taken on record by the Board, confirms no deviation in the use of funds. Funds were allocated to repayment of borrowings (₹1,149.92 million), capital expenditure for equipment (₹336.28 million), and general corporate purposes (₹507.20 million). The monitoring agency is Crisil Ratings Limited.
Key Highlights
- No deviation reported in QIP fund utilization for the quarter ended September 30, 2026.
- QIP proceeds of ₹2,100 million were raised on March 13, 2025.
- Funds utilized for debt repayment, capital expenditure, and general corporate purposes.
- Audit Committee and Board have reviewed and approved the utilization statement.
Price Impact
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