Certificate of Utilisation of Proceeds from Issue of Commercial Papers from issue of Commercial Papers for the Q.E. 30.6.2025
JKCEMENT · price
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Awaiting price reaction for this filing.
JK Cement has filed its quarterly compliance certificate confirming how it used the money raised from Commercial Papers (short-term debt) in Q1 FY26 (April–June 2025). The company raised a total of Rs. 225 crore through 4 CP tranches during the quarter, and none of these have been redeemed yet. All three CPs subscribed by Kotak Mahindra Bank totalling Rs. 175 crore carried an interest rate of 6.60%–6.75%, while a Rs. 50 crore CP was placed with Quant Mutual Fund at 6.05%, all with tenures of around 90 days maturing in August–September 2025. The CFO, Ajay Kumar Saraogi, certified that the proceeds were used solely for working capital purposes as disclosed in the offer document. He also confirmed that the company's bank/financial institution facilities continue to be classified as 'Standard', with no material adverse change in financial status that could affect the CP credit rating, and that no related parties invested in these CPs.
This is a routine SEBI-mandated compliance filing and not a new corporate action, so expect little to no immediate impact on the share price. The 'Standard' asset classification and confirmation of proper end-use of funds are mildly reassuring for creditors and CP holders, reinforcing that the company's short-term liquidity position remains healthy.