Certificate of Utilisation of Proceeds raised from issuance of Commercial Papers for the Q.E. 30.9.2025
JKCEMENT · price
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Awaiting price reaction for this filing.
JK Cement has filed a regulatory certificate confirming proper use of funds raised through Commercial Papers (CPs) during the quarter ended 30 September 2025. The company issued CPs worth Rs. 400 crore during the quarter and redeemed Rs. 325 crore of them on maturity. Five CPs totalling Rs. 250 crore remained outstanding at quarter-end, with maturity dates stretching into December 2025. The CPs were issued at interest rates between 5.90% and 6.75% for tenures of 49 to 90 days, to investors including Kotak Mahindra Bank, SBI, and UTI Mutual Fund. The company confirmed proceeds were used for working capital, all listing conditions were met, bank facilities remain classified as standard, and there is no material adverse change in financial status.
This is a routine SEBI-mandated compliance filing and not a material event. It signals healthy short-term debt management, with timely rollovers and reasonable borrowing costs in the 5.9%-6.75% range, suggesting solid credit quality and ongoing working capital needs typical for the cement sector.