Dhampur Sugar Mills CFO confirms CP utilisation for Q1FY26
Dhampur Sugar Mills Limited's CFO, Susheel Kumar Mehrotra, certified that the proceeds from ₹100 crore Commercial Papers issued in Q1FY26 were utilised for disclosed purposes. The papers, allotted on June 30, 2026, carry a 7.15% coupon rate and mature on July 30, 2026.
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Dhampur Sugar Mills Limited has confirmed the utilisation of proceeds from its Commercial Papers issued during the quarter ended June 30, 2026. The company's Chief Financial Officer, Susheel Kumar Mehrotra, certified that the funds were used for the purposes originally disclosed and that all listing conditions were adhered to in accordance with SEBI regulations.
This certification follows the company's earlier issuance of Commercial Papers amounting to ₹100 crore to Kotak Mahindra Bank. The debt instruments, which carry a coupon rate of 7.15%, were allotted on June 30, 2026, to meet short-term funding requirements. The issuance reflects the company's strategy to leverage its strong credit profile for efficient capital raising.
The Commercial Papers have a tenure of 30 days and are set to mature on July 30, 2026. The issue value stands at ₹99,41,58,000, with a redemption value of ₹100,00,00,000. The instruments have been rated IND A1+, indicating a high degree of safety regarding timely payment of principal and interest.
The details of the issuance and the subsequent utilisation certificate were submitted to the National Stock Exchange of India and BSE Limited. The company confirmed that these Commercial Papers will remain unlisted. The filings were signed off by Aparna Goel, Company Secretary, and Susheel Kumar Mehrotra, Chief Financial Officer.
| Description of the Security | Commercial Paper |
|---|---|
| ISIN | INE041A14142 |
| Number of CP | 2000 |
| Allotment Date | 30-06-2026 |
| Maturity Date | 30-07-2026 |
| Tenure (in days) | 30 |
| Rate of Interest | 7.15% |
| Issue Value (in Rs.) | 99,41,58,000/- |
| Redemption Value (in Rs.) | 100,00,00,000/- |
| Issued in favour of | Kotak Mahindra Bank Limited |
| Credit Rating | IND A1+ |
Historical Stock Returns for Dhampur Sugar Mills
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.66% | +4.47% | +2.89% | +15.30% | -7.15% | -58.29% |
Will Dhampur Sugar Mills look to refinance or roll over these short-term obligations upon maturity in July 2026?
How does the 7.15% coupon rate compare to current market benchmarks for similar 'IND A1+' rated instruments?
Does this issuance indicate a strategic shift towards relying more on commercial paper for working capital rather than long-term debt?
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