CFO certificate on use of Commercial Paper proceeds, quarter ended 30 September 2026

The company has shared a CFO certificate for the quarter ended 30 September 2026.

Mon 12 Oct 2026

Quarter ended

30 September 2026

Certificate signed by

Chief Financial Officer (Rajesh Daga)

Update dated

12 October 2026

Electrosteel Castings has submitted a certificate signed by its Chief Financial Officer to the stock exchange for the quarter ended 30 September 2026.

What the certificate states

• 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 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, which sets the framework for listing of Commercial Paper.

The submission is made under the same Master Circular and is signed by the Chief Financial Officer, Rajesh Daga. A covering letter on the same subject was signed by the Company Secretary, Indranil Mitra. Both are dated 12 October 2026 and addressed to BSE Limited, where the company's scrip code is 500128.

What is Commercial Paper

Commercial Paper is a short-term borrowing instrument that companies issue to raise money, usually for day-to-day working capital needs. When such paper is listed on an exchange, the issuer has to follow the listing conditions in the SEBI framework and confirm periodically how the money raised was used.

Why this update exists

This is a periodic certificate. It tells the market that the money raised through Commercial Paper in the quarter went where the company had said it would go, and that the listing conditions were followed.

How a reader can view it

• It is a compliance-related submission accompanying the company's Commercial Paper listings, not an announcement of new business, orders or earnings.
• It relates to Commercial Papers already issued during the quarter ended 30 September 2026 and restates what was disclosed in the Disclosure document.
• It is signed by the Chief Financial Officer, which is the officer the framework requires to give this certificate.

In short, the company has confirmed the end-use of its Commercial Paper borrowings for the quarter and its adherence to the applicable listing conditions.

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