Centrum Capital Limited — Others, 20-06-2025: Corrigendum

Centrum Capital Limited has announced a board meeting to consider the issuance of up to 7.01 crore convertible warrants to JBCG Advisory Services Pvt Ltd, a promoter group entity, at Rs. 28.52 per warrant, raising nearly Rs. 200 Cr. The capital raised will fund debt prepayment (Rs. 140 Cr for the company and subsidiaries), provide working capital support to subsidiaries (Rs. 10 Cr), and cover general corporate purposes (up to Rs. 50 Cr). The full conversion of warrants is expected within 18 months, with monitoring by Brickwork Ratings. This infusion aims to reduce leverage, lower finance costs, and support business expansion without changing control.