CENTUM · price
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Centum Electronics has filed a statement confirming the utilisation of ₹2,100 million raised through a Qualified Institutions Placement (QIP) on March 13, 2025. As of March 31, 2026, the company has fully deployed ₹1,149.92 million (100%) towards repayment of outstanding borrowings and ₹256.78 million (73%) towards capital expenditure for equipment and machinery. The remaining ₹507.20 million allocated for general corporate purposes has not yet been utilised. No deviations have been reported in the use of QIP proceeds, and the statement has been reviewed by the Audit Committee and approved by the Board.
The filing shows disciplined use of QIP funds with no deviations, which is a positive sign for investors. The debt repayment should help reduce interest costs and strengthen the balance sheet. The unused corporate purpose funds suggest the company is being cautious with deployment.