NSEMonitoring Agency Report6d ago · 13 Aug 2026, 06:03 pm
Monitoring Agency Report
Centum Electronics Limited · CENTUM
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Centum Electronics Limited has submitted a monitoring agency report to the National Stock Exchange regarding the utilization of proceeds raised through a qualified institutions placement (QIP) for the quarter ended June 30, 2026. The report, issued by CRISIL Limited, Monitoring Agency, indicates that there are no deviations from the objects of the issue. The net proceeds of the QIP have been utilized for general corporate purposes.
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Monitoring Agency Report w.r.t. utilization of proceeds raised through qualified institutions placement
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Ref: CE/NSEBSE/MAR/13082026 13th August, 2026
Listing Department, Department of Corporate Services – Listing,
National Stock Exchange of India Limited, BSE Limited,
Exchange Plaza, P. J. Towers,
Bandra Kurla Complex, Dalal Street,
Bandra (East), Mumbai – 400 051 Mumbai – 400 001
Re: Scrip Symbol: CENTUM/ Scrip Code: 517544
Dear Sir/ Madam,
Sub: Monitoring Agency Report w.r.t. utilization of proceeds raised through qualified
institutions placement.
Pursuant to Regulation 173A of the SEBI (Issue of Capital and Disclosure Requirements)
Regulations, 2018 and Regulation 32 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, please find enclosed herewith the monitoring agency report
issued by CRISIL Limited, Monitoring Agency, in respect of utilization of proceeds raised through
qualified institutions placement by the Company for the quarter ended June 30, 2026.
Yours faithfully,
For Centum Electronics Limited
Indu H S
Company Secretary & Compliance Officer
ICSI Membership No. F12285
Encl: as above
Centum Electronics Limited
# 44, KHB Industrial Area, Yelahanka New Town, Bangalore - 560 064, Karnataka, India
Tel +91-(0)80-4143-6000 Fax +91-(0)80-4143-6005 Website www.centumelectronics.com
E-mail info@centumelectronics.com CIN - L85110KA1993PLC013869
Monitoring Agency Report
Centum Electronics Limited
for the quarter ended
June 30, 2026
CRL/MAR/GDS3348/2026-27/1940
August 13, 2026
Centum Electronics Limited
44, KHB Industrial Area,
Yelahanka, Bangalore
Karnataka, India - 560064,
Dear Sir/Madam,
Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Qualified Institutional
Placement (“QIP”) of Centum Electronics Limited (“the Company”)
Pursuant to Regulation 173A of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR
Regulations”) and Monitoring Agency Agreement dated January 30, 2025, enclosed herewith the Monitoring Agency
Report, issued by Crisil Ratings Limited, Monitoring Agency, as per Schedule XI of the SEBI ICDR Regulations
towards utilization of proceeds of QIP for the quarter ended June 30, 2026.
Request you to kindly take the same on records.
Thanking you,
For and on behalf of Crisil Ratings Limited
Shounak Chakravarty
Director, Ratings (LCG)
Report of the Monitoring Agency (MA)
Name of the Issuer: Centum Electronics Limited
For quarter ended: June 30, 2026
Name of the Monitoring Agency: Crisil Ratings Limited
(a) Deviation from the objects: No
(b) Range of Deviation: Not applicable
Declaration:
We declare that this report provides an objective view of the utilization of the issue proceeds in relation to the objects of the issue
based on the information provided by the Issuer and information obtained from sources believed by it to be accurate and reliable.
The MA does not perform an audit and undertakes no independent verification of any information/ certifications/ statements it
receives. This Report is not intended to create any legally binding obligations on the MA which accepts no responsibility,
whatsoever, for loss or damage from the use of the said information. The views and opinions expressed herein do not constitute
the opinion of MA to deal in any security of the Issuer in any manner whatsoever. Nothing mentioned in this report is intended
to or should be construed as creating a fiduciary relationship between the MA and any issuer or between the agency and any user
of this report. The MA and its affiliates also do not act as an expert as defined under Section 2(38) of the Companies Act, 2013.
The MA or its affiliates may have credit rating or other commercial transactions with the entity to which the report pertains and
may receive separate compensation for its ratings and certain credit-related analyses. We confirm that we do not perceive any
conflict of interest in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the issuer.
We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments, where applicable.
There are certain sections of the report under the title “Comments of the Board of Directors”, that shall be captured by the Issuer’s
Management / Audit Committee of the Board of Directors subsequent to the MA submitting their report to the issuer and before
dissemination of the report through stock exchanges. These sections have not been reviewed by the MA, and the MA takes no
responsibility for such comments of the issuer’s Management/Board.
Signature:
Name and designation of the Authorized Signatory: Shounak Chakravarty
Designation of Authorized person/Signing Authority: Director, Ratings (LCG)
1) Issuer Details:
Name of the issuer: Centum Electronics Limited
Names of the promoter: Mr. Apparao Venkata Mallavarapu,
Mrs. Swarnalatha Mallavarapu,
Ms. M S Swarnakumari,
Mr. Nikhil Mallavarapu,
Ms. Tanya Mallavarapu
Industry/sector to which it belongs: Industrial Products
2) Issue Details
Issue Period: March 10, 2025, to, March 13, 2025
Type of issue (public/rights): Qualified Institutional Placement (QIP)
Type of specified securities: Equity Shares
QIP Grading, if any: NA
Issue size: Fresh issuance of Rs 2,100.00 million (Net proceeds of Rs
2,006.80 million*)
*Crisil Ratings shall be monitoring the net proceeds amount.
During the quarter ended June 30, 2025, net proceeds were revised from Rs 1,999.47 million to Rs 2,006.80 million on account
of actual issue expenses being lower than estimated as disclosed in the final offer document, by Rs 7.33 million and the same
has been adjusted with General corporate purposes cost.
3) Details of the arrangement made to ensure the monitoring of issue proceeds:
Source of information/
certifications Comments Comments
considered by of the of the
Particulars Reply
Monitoring Agency Monitoring Board of
for preparation of Agency Directors
report
Management
undertaking,
Peer reviewed
independent chartered
Utilization
Whether all utilization is as per the disclosures in accountant certificate, No
Yes during the
the Offer Document? Placement Document Comments
reported
dated 13/03/2025
quarter
(hereinafter referred as
“offer document”),
Bank Statements
Whether shareholder approval has been obtained
No No
in case of material deviations from expenditures NA
Comments Comments
disclosed in the Offer Document?
Whether the means of finance for the disclosed No No
objects of the issue has changed? Comments Comments
Is there any major deviation observed over the No No
earlier monitoring agency reports? Comments Comments
Management
Whether all Government/statutory approvals undertaking, Peer No No
related to the object(s) have been obtained? Comments Comments
reviewed independent
chartered accountant
Whether all arrangements pertaining to technical No No
NA certificate^
assistance/collaboration are in operation? Comments Comments
Are there any favorable events improving the No No
viability of these object(s)? Comments Comments
Are there any unfavorable events affecting the No No
viability of the object(s)? Comments Comments
Is there any other relevant information that may
No No
materially affect the decision making of the No
Comments Comments
investors?
NA represents Not Applicable
^Certificate dated July 30, 2026, issued by M/s M A Narasimhan & Company, Chartered Accountants (Firm Registration
Number: 002347S), Peer-reviewed Independent Chartered Accountant.
4) Details of object(s) to be monitored:
i. Cost of the object(s):
Source of Original Comments of the Board of Directors
information/ cost
Revised Comment of
certification (as per the Particulars of
Sr. Cost the Reason Proposed
Item considered by Offer firm
No. (Rs in Monitoring of Cost financing
Head MA for Document) arrangements
million) Agency revision option
preparation of (Rs in made
report million)
Repayment / pre-
payment, in part or
in full, of certain Management No
1 1,149.92 1,149.92 No Comments
outstanding undertaking, Revision
borrowings availed Peer
by the Company rev
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