Regulatory13 Aug 2026, 06:11 pm
Centum Electronics Reports No Deviation in QIP Fund Utilization
AI Summary
Centum Electronics Limited has filed a Statement of Deviation or Variation regarding the utilization of funds raised through Qualified Institutions Placement (QIP) as of June 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, indicates no deviation in the use of funds for repayment of borrowings, capital expenditure for new equipment, and general corporate purposes. The monitoring agency is Crisil Ratings Limited. The filing confirms no deviation or variation in the use of funds raised.
Key Highlights
- Centum Electronics confirms no deviation in QIP fund utilization as of June 30, 2026.
- Total QIP funds raised were ₹2,100 million on March 13, 2025.
- Funds were utilized for debt repayment, capital expenditure, and general corporate purposes.
- Audit Committee and Board have reviewed and approved the utilization statement.
- No deviation reported for any of the fund utilization objectives.
Price Impact
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