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Founded in 1993, Centum Electronics Limited is one of the largest Electronics System Design and Manufacturing (ESDM) companies in India. It offers entire spectrum of design services and manufacturing of systems, subsystems for mission critical products in Defence, Space, Aerospace, Industrial, Transportation and Medical sectors.
Centum Electronics confirmed plans for a new Karnataka manufacturing facility. The Joint MD met the state minister for discussions. This development includes a potential 500 Cr investment over four years, aiming to create 1,500 jobs.
Centum Electronics' French entities, Centum T&S Group and Centum T&S, are now in judicial liquidation after their business operations were acquired. This converts prior restructuring proceedings, formally winding down these subsidiaries.
Centum Electronics' French subsidiaries completed court-mandated restructuring. MBDA France acquired most activities, while SII acquired Toulouse/Belgium sites. No consideration accrued to Centum. Standalone financials saw investment impairment of ₹153.78 Cr and receivables write-offs of ₹39.60 Cr.
Centum Electronics Limited has informed the Exchange about Board Meeting under Regulation 29(1)(a) & (e) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the invitation for earnings call
Centum Electronics' Joint MD, Nikhil Mallavarapu, will be interviewed on NDTV Profit's "India Market Open." He will discuss publicly available information, offering investors potential insights into the company. No unpublished price sensitive information will be shared.