Centum Electronics Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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Centum Electronics has filed its quarterly statement confirming no deviation in the use of funds raised through a Qualified Institutional Placement (QIP) on March 13, 2025. The company raised Rs. 2,100 million in total, of which Rs. 1,102.34 million (out of Rs. 1,149.92 million allocated) has already been utilised towards repayment/pre-payment of outstanding borrowings. The remaining Rs. 349.68 million earmarked for capital expenditure on new equipment and machinery and Rs. 499.87 million for general corporate purposes are yet to be utilised. Crisil Ratings Limited is acting as the monitoring agency, and the audit committee and auditors have raised no comments or objections.
This is a routine compliance filing confirming that QIP funds are being deployed as originally promised to shareholders. The active debt repayment signals balance sheet strengthening, while the unutilised capex and general corporate purpose funds could drive future growth or acquisitions. No negative impact expected; reassures investors of disciplined fund usage.