J.K. Cement Ltd has confirmed the successful redemption of commercial papers during the quarter ended March 31, 2026. The company redeemed a total of ₹225 crore in commercial paper facilities during this period. The firm maintains that all funds were utilized for working capital purposes, and its fund-based facilities from banks and financial institutions remain classified as ‘Standard’.
Redemption Overview
During the final quarter of the fiscal year, ending March 31, 2026, J.K. Cement Ltd successfully completed the redemption of its outstanding commercial paper obligations. The total value of the redeemed instruments amounted to ₹225 crore. No new commercial paper issuances were recorded during this period.
Utilization and Financial Standing
The company has certified that all commercial paper proceeds were strictly deployed for working capital requirements, consistent with the original offer documents. J.K. Cement Ltd confirms that it has adhered to all relevant issuance directives and that its credit profile remains stable. There have been no material changes in the company’s financial status, and all associated bank and financial institution facilities continue to hold a ‘Standard’ asset classification.
Summary of Redeemed Instruments
The following table outlines the commercial paper instruments redeemed during the quarter:
- State Bank of India: Two tranches totaling ₹100 crore (59 to 91 days tenure).
- Kotak Mahindra Bank Ltd: Two tranches totaling ₹125 crore (49 to 90 days tenure).
All listed instruments reached their scheduled maturity dates between February 13, 2026, and March 2, 2026, and have been fully settled.
Source: BSE
