Allotment of 1,085 Secured Unlisted NCDs worth Rs. 10,85,00,000 at 9% coupon

The company allotted 1,085 Secured, Unlisted and Redeemable Non-Convertible Debentures on a private placement basis.

Mon 28 Sep 2026

NCD Amount Allotted

Rs. 10,85,00,000

Number of NCDs

1,085

Face Value per NCD

Rs. 1,00,000

Coupon Rate

9%

Tenure

3 Year (1096 days), maturing September 28, 2029

What happened

The company raised money by issuing debentures (a form of borrowing) to select investors through a private placement, rather than a public issue.

Size of the issue

• Securities offered: 1,665 NCDs, aggregating not more than Rs. 16,65,00,000
• Actually allotted: 1,085 NCDs, aggregating not more than Rs. 10,85,00,000
• Face value: Rs. 1,00,000 each

Terms

• Tenure: 3 Year, i.e. 1096 calendar days from the Deemed Date of Allotment
• Date of Allotment: September 28, 2026
• Date of Redemption / Maturity: September 28, 2029
• Coupon / interest rate: 9%
• Interest and principal paid Quarterly; full redemption on the maturity date

Security

A first ranking charge by way of hypothecation over all present and future unencumbered assets, book debts and Receivables, under a deed of hypothecation dated June 02, 2026 between the company and the Debenture Trustee.

Default clause

If interest or principal is not paid on the due date, additional interest of 2% per annum over the interest rate is payable until payment is made.

How investors may read it

These are debt instruments, so existing shareholders are not diluted. The money raised adds to the company's borrowings and carries a fixed 9% annual cost with quarterly servicing. The NCDs are unlisted and are not proposed to be listed.

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