CENTUM · price
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Awaiting price reaction for this filing.
Centum Electronics has filed the CRISIL Monitoring Agency Report on how it used money raised through its Qualified Institutional Placement (QIP) conducted in March 2025. The QIP raised Rs 2,100 million in fresh equity, with net proceeds of Rs 2,006.80 million earmarked for three purposes: repaying borrowings (Rs 1,149.92 million), buying new equipment and machinery (Rs 349.68 million), and general corporate purposes (Rs 507.20 million). As of June 30, 2025, the company has utilised Rs 1,142.34 million — all of it towards repaying a Kotak Bank cash credit facility — leaving Rs 864.46 million still unutilised. The unutilised amount is parked in fixed deposits with HDFC Bank, SBI, and Kotak Bank, earning 6.25%–7.25% interest. CRISIL confirmed no deviation from the stated objects and no delays in implementation. The Audit Committee reviewed the report on August 4, 2025, and the Board took it on record on August 5, 2025.
This is a routine compliance filing confirming the company is using QIP proceeds largely for debt reduction, which is generally positive for shareholders as it lowers interest costs. However, nearly 43% of the funds (Rs 864.46 million) remain undeployed in bank fixed deposits, meaning the intended capex and growth spending has not yet begun — investors will want to track deployment in coming quarters.