CFO Certificate pursuant to SEBI Master circular dated 22 May, 2024 certifying that proceeds of Commercial Paper are used for the purposes as disclosed in the Disclosure document.
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Awaiting price reaction for this filing.
Electrosteel Castings has submitted a CFO certificate to BSE as required under the SEBI Master Circular dated 22 May 2024 governing the listing of Commercial Papers (CPs). The Whole-time Director and CFO, Ashutosh Agarwal, has certified that the proceeds raised through Commercial Paper issuances during the quarter ended 30 September 2025 were used strictly for the purposes disclosed in the company's Disclosure Document. The filing also confirms that the company has complied with all other listing conditions specified in Chapter XVII of the SEBI circular. This is a routine quarterly compliance submission and does not involve any new fundraising or change in terms.
This is a standard regulatory compliance filing with no material business impact. It reassures investors that short-term debt raised via Commercial Papers was deployed as promised, but is unlikely to move the stock price.