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Centum Electronics Ltd — Capital/Financing Update 2025
Mar 19, 2025
61011_rns_2025-03-19_a13f4b27-8f9d-468d-9b7e-8ba3465effc2.pdf
Capital/Financing Update
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Ref: CEL/NSEBSE/19032025 19[th] March, 2025
To,
| Listing Department, National Stock Exchange of India Limited, Exchange Plaza, Bandra Kurla Complex, Bandra(East),Mumbai – 400 051 |
Department of Corporate Services – Listing, BSE Limited, P. J. Towers, Dalal Street, Mumbai – 400 001 |
|---|---|
Re: Scrip Symbol: CENTUM/ Scrip Code: 517544
Dear Sir/ Madam,
Sub: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
In compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 we hereby inform you that the Company will be making further investment of upto 2 Million Euro in Centum T&S Group SA through Centum Electronics UK Limited, a wholly owned subsidiary of the Company, subject to necessary approvals.
For the same disclosure under Regulation 30(6) read with Schedule III Part A Para A(1) of the Listing Regulations and the SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13th July 2023 is attached as Annexure A to this letter.
Kindly take the above on record and acknowledge receipt of the same.
Yours faithfully,
For Centum Electronics Limited
Digitally signed by INDU H S INDU H S Date: 2025.03.19 19:04:17 +05'30'
Indu H S Company Secretary & Compliance Officer Encl: as above
Centum Electronics Limited
44, KHB Industrial Area, Yelahanka New Town, Bangalore - 560 106, Karnataka, India Tel +91-(0)80-4143-6000 Fax +91-(0)80-4143-6005 Website www.centumelectronics.com E-mail [email protected] CIN - L85110KA1993PLC013869
Annexure A
Details required under the Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13 July 2023
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SI No. Particulars Description
1 Name of the target entity, details in brief Name: Centum T&S Group SA
such as size, turnover etc; Turnover: 51.21 Million Euro as on
31.03.2024
2 Whether the acquisition would fall within Centum Electronics UK Limited is promoted
related party transactions and whether by Centum Electronics Limited and being a
the promoter/ promoter group/ group Wholly Owned Subsidiary is a related party.
companies have any interest in the entity Centum T&S Group SA is a step-down
being acquired? If yes, nature of interest subsidiary of the Company.
and details thereof and whether the
same is done at "arm's length"
3 Industry to which the entity being Design development and industrialization
acquired belongs; of embedded electronic systems for
different sectors such as transportation,
aerospace, medical and energy sectors.
4 Objects and effects of acquisition To support the Company’s financial
(including but not limited to, disclosure of operations, facilitate growth and improve
reasons for acquisition of target entity, if its financial stability, allowing it to meet its
its business is outside the main line of short term and long-term financial
business of the listed entity) requirements.
5 Brief details of any governmental or No governmental or regulatory approvals
regulatory approvals required for the required since the proposed transaction is
acquisition. covered under the Automatic Route as
prescribed by the Reserve Bank of India.
6 Indicative time period for completion of The additional investment upto 2 Million
the acquisition. Euro will be made in one or more tranches
by end of March, 2025.
7 Cost of acquisition or the price at which The Company shall make investments up to
the shares are acquired. 2 Million Euro in one or more tranches, by
way of subscription, purchase or otherwise,
in securities or by way of debt, on such
terms and conditions, as may be mutually
agreed with Centum T&S Group SA.
8 Nature of consideration - whether cash Cash consideration.
consideration or share swap and details
of the same.
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Centum Electronics Limited
44, KHB Industrial Area, Yelahanka New Town, Bangalore - 560 106, Karnataka, India Tel +91-(0)80-4143-6000 Fax +91-(0)80-4143-6005 Website www.centumelectronics.com E-mail [email protected] CIN - L85110KA1993PLC013869
| 9 | Percentage of shareholding/ control acquired and/ or number of shares acquired. |
The investment may be made in the form of equity, loans, or any other financial instrument, as deemed appropriate, subject to compliance with all applicable laws and regulations. |
|
| 10 | Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief). |
Not applicable. This is only additional investment in the existing subsidiary of the Company. |