Spectrum Electrical Industries has signed a Memorandum of Understanding (MoU) with the Government of Maharashtra to develop and upgrade a government Industrial Training Institute (ITI) in Jalgaon.

The agreement operates under the Public Private Partnership (PPP) model. The company will contribute towards enhancing infrastructure, training facilities, and equipment at the Kavayitri Bahinabai Chaudhari Government ITI (Boys). This initiative is part of the company's Corporate Social Responsibility (CSR) efforts.

Focus on skill development

The primary objective of this collaboration is to strengthen vocational education and improve employability opportunities for students and trainees. By upgrading the training infrastructure, the partnership aims to bridge the gap between academic training and industry requirements in the region.

Disclosure details

The company disclosed this development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was submitted to both the National Stock Exchange of India Limited and BSE Limited on September 22, 2026.

Spectrum Electrical Industries approved the interim investment of ₹287.49 crore in unutilized preferential issue proceeds during its board meeting on September 20, 2026.

The company plans to deploy these funds in low-risk instruments to preserve capital until the amounts are required for the specific objects of the preferential issue.

Investment Strategy

The Board authorized investments in money market instruments, including mutual funds such as liquid and overnight funds. The company may also place funds in fixed deposits with scheduled commercial banks or securities issued by the Government of India.

All investments must comply with applicable laws and are strictly for interim deployment. The funds will be realized as needed for the intended purposes of the capital raise.

Board Meeting Details

The meeting commenced at 3:30 pm and concluded at 4:10 pm on Sunday, September 20, 2026. Rahul Lavane, Company Secretary and Compliance Officer, signed the disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.