Cello World updates on Q3 2025 QIP fund utilization

Cello World Limited’s QIP issue, totaling INR 737.32 crore, saw INR 675.81 crore utilized by the end of Q3 2025, leaving an unutilized amount of INR 61.51 crore. The report, issued by CARE Ratings Limited, indicates that all utilization aligns with the offer document, although there has been a delay in the use of proceeds for "Investment in one of Subsidiaries, Cello Consumerware Private Limited." The company has extended the timeline for this object from March 2025 to March 2026.

Notable progress includes the full utilization of funds for repayment of borrowings from subsidiaries and promoters, augmenting working capital, and general corporate purposes. Specifically, INR 236.96 crore was utilized for repaying borrowings from various subsidiaries, INR 100.00 crore for Wim Plast Limited, and INR 83.05 crore for borrowings from promoters. QIP issue expenses increased by INR 0.20 crore, adjusted against augmenting working capital.

The unutilized amount of INR 61.51 crore is currently deployed, with INR 63.99 crore in Tata Liquid Fund - Direct Plan - Growth. Accumulated earnings reinvested amount to INR 2.49 crore. The market value of these unutilized proceeds stood at INR 69.52 crore as of September 30, 2025.