CEAT Limited has released a statement regarding the utilization of funds raised through Non-Convertible Debentures (NCDs) for the quarter ended December 31, 2025. The company confirms that the funds were utilized as per the intended purpose, with no deviations or variations in their application. The total amount raised was ₹250 crores. This disclosure is in compliance with regulatory requirements for listed entities.
NCD Funds Utilization
CEAT Limited confirms the utilization of funds raised through Non-Convertible Debentures (NCDs) during the quarter ending December 31, 2025. The total funds raised amounted to ₹250 crores.
No Deviations in Usage
The company states that there were no deviations or variations in the utilization of the NCD proceeds. The funds were applied for the intended purpose as outlined in the offering documents.
Regulatory Compliance
This disclosure adheres to the mandated reporting standards for listed entities regarding the use of funds raised through debt instruments.
The audit committee has reviewed the utilization of funds, with no adverse comments. Auditors have also reviewed, with no observations.
Source: BSE
