CFO Certificate on use of Commercial Paper proceeds for the quarter ended 30 September, 2026

CFO certificate shared with BSE.

Mon 12 Oct 2026

Period Covered

quarter ended 30 September, 2026

SEBI Master Circular Reference

SEBI/HO/DDHS/PoD1/P/CIR/2024/54 dated May 22, 2024

Instrument

Commercial Papers

What was shared

Electrosteel Castings Ltd has sent BSE a certificate signed by its Chief Financial Officer, Rajesh Daga, along with a covering letter signed by Company Secretary Indranil Mitra. The certificate covers the quarter ended 30 September, 2026.

What commercial paper is

Commercial paper is a short-term borrowing instrument that companies issue to raise money, usually for a period of less than one year. It is a listed instrument, and the SEBI master circular on the framework for listing of commercial paper requires the company to certify each quarter how the money raised through it was used.

What the certificate confirms

• The proceeds of the Commercial Papers issued by the company during the quarter ended 30 September, 2026 were used for the purposes as disclosed in the Disclosure document.
• The company has adhered to the other listing conditions specified in Chapter XVII of the SEBI Master Circular No. SEBI/HO/DDHS/PoD1/P/CIR/2024/54 dated May 22, 2024.

How a retail investor can read this

This is a periodic confirmation about the use of money raised by the company through commercial paper. It is an undertaking by the Chief Financial Officer that the funds were applied the way the company had stated in its Disclosure document and that the related listing conditions were followed. It is not an earnings update, an order win or a change in the company's operations, and by itself it does not alter the financial position of the business.

The practical takeaway is narrow but useful: the company has placed on record that the money borrowed through this instrument went where it said it would.

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