AI assistant
Centum Electronics Ltd — Capital/Financing Update 2025
Mar 10, 2025
61011_rns_2025-03-10_8be3da20-e40c-4a8e-a740-d889e2dccac2.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
Date: 10 March, 2025
==> picture [421 x 85] intentionally omitted <==
----- Start of picture text -----
The National Stock Exchange of India Limited BSE Limited
Listing Department Department of Corporate Services
Exchange Plaza, Bandra Kurla Complex Floor 25, Phiroze Jeejeebhoy Towers
Bandra (East) Dalal Street
Mumbai 400 051 Mumbai 400 001
Symbol: CENTUM Security code no.: 517544
----- End of picture text -----
Sub: Qualified institutions placement of equity shares of face value ₹10 each (the “Equity Shares”) by Centum Electronics Limited (the “Company”) under the provisions of Chapter VI of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the “SEBI ICDR Regulations”), and Sections 42 and 62(1)(c) of the Companies Act, 2013, as amended, including the rules made thereunder (the “Issue”).
Dear Sir/ Madam,
-
1) We wish to inform you that pursuant to the approval accorded by the Board of Directors of the Company (the “ Board ”), at its meeting held on November 12, 2024 and the special resolution passed by way of postal ballot on January 14, 2025 by the members of the Company, the Fund Raising Committee (“ Committee ”) has, at its meeting held today i.e. March 10, 2025, inter alia , passed resolutions for the following:
-
a. Authorised the opening of the Issue today, i.e. March 10, 2025
-
b. Approved the floor price for the Issue, based on the pricing formula as prescribed under the SEBI ICDR Regulations.
-
c. Approved and adopted the preliminary placement document dated March 10, 2025 and the application form dated March 10, 2025 in connection with the Issue; and
-
2) We further wish to inform you that the ‘Relevant Date’ for the purpose of the Issue, in terms of Regulation 171(b) of the SEBI ICDR Regulations, is March 10, 2025 and accordingly the floor price in respect of the aforesaid Issue, based on the pricing formula as prescribed under Regulation 176(1) of the SEBI ICDR Regulations is ₹ 1,219.65 per Equity Share. Pursuant to Regulation 176(1) of the SEBI ICDR Regulations and in accordance with the approval of the Shareholders accorded through a special resolution passed by way of postal ballot on January 14, 2025, the Company may, at its discretion, offer a discount of not more than 5% on the floor price so calculated for the Issue.
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
The Issue price will be determined by the Company in consultation with the book running lead manager appointed for the Issue.
Further, in accordance with the Company’s Code of Conduct for Prevention of Insider Trading and the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended, the trading window for dealing in the securities of the Company has been closed for all designated persons and their immediate relatives(s) from March 10, 2025 and the same shall remain closed until further notice.
In this relation, we will file the preliminary placement document dated March 10, 2025 with the BSE Limited and National Stock Exchange of India Limited on March 10, 2025.
Copy of the same is being also made available on the website of the Company at www.centumelectronics.com.
The meeting of the Committee commenced at 20:00 hours IST and concluded at 20:35 hours IST.
We request you to take the above on record and treat the same as compliance under the applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
A certified copy of the resolution passed by the Committee deciding to open the proposed qualified institutions placement is enclosed for your information and records.
Yours faithfully,
For Centum Electronics Limited Indu H S
Digitally signed by INDU H S INDU H S Date: 2025.03.10 20:42:36 +05'30'
Company Secretary and Compliance Officer ICSI Membership Number: F12285