Arihant Superstructures506194Key financial milestone

NCDs of Rs. 70 crore redeemed; mortgage charge released on three project land parcels

Arihant Superstructures has redeemed 70,00,000 NCDs of Rs. 100/- each, worth Rs. 70 crore (Rs.

By ScoutQuest · Fri 23 Oct 2026, 6:42 PM IST · 3 min read

NCDs Redeemed: 70,00,000 Unlisted, Unrated, Secured, Redeemable, Non-Convertible Debentures of Rs. 100/- each
NCD Amount Redeemed: Rs. 70 crore (Rupees Seventy Crores)
Amount Received by Debenture Holder: INR 75,34,42,784/-

NCDs redeemed

The company has redeemed 70,00,000 Unlisted, Unrated, Secured, Redeemable, Non-Convertible Debentures of Rs. 100/- each, amounting to Rs. 70 crore (Rupees Seventy Crores). These were the India Real Estate Investment Fund Series – 2 NCDs issued to India Real Estate Investment Fund, under a Debenture Trust Deed dated April 02, 2024, with IDBI Trusteeship Services Limited acting as debenture trustee.

What the debenture holder's letter records

The letter from ICICI Venture, acting for India Real Estate Investment Fund Series 2 through its investment manager ICICI Prudential Asset Management Company Limited, confirms that an amount of INR 75,34,42,784/- (Rupees Seventy-Five Crore Thirty Four Lakh Forty Two Thousand Seven Hundred and Eighty Four Only) has been received in its account towards full and final repayment of the Debentures. Read together, the company's intimation prints the NCD amount as Rs. 70 crore and the debenture holder's letter prints the amount received as INR 75,34,42,784/-; both letters describe the debentures as fully repaid.

Security being released

The borrowing was secured by a first and exclusive charge, by way of registered English Mortgage without possession, over the entire right, title and interest in the land of three projects, together with present and future structures and original title deeds. The release covers:

Development rights of Project Arihant Adarsh, Project Arihant Aayan and Project Arihant Aaradhya, including unsold units
Project receivables and proceeds of these three projects
Escrow and current accounts and other accounts opened for these three projects

Land parcels named in the annexure

Arihant Adarsh Land at Village Ghot, Taluka Panvel, District Raigad, across six gat numbers, totally admeasuring 43,220 square meters
Arihant Aayan Land at Village Titwala, Taluka Kalyan, District Thane - 421605, across six survey numbers, admeasuring in aggregate 1 Hectare 6.6 Acres
Arihant Aaradhya Land at Village Ghot, Taluka Panvel, District Raigad, collectively 43,220 square meters (approximately 10.67 Acres) across the listed survey numbers

Trustee's No Objection

IDBI Trusteeship Services Limited has conveyed its No Objection to the release and discharge of the security created in favour of the debenture trustee for the benefit of the debenture holder, based on the no-dues/release confirmation dated October 16, 2026. The certificate states that the release is limited to the security created in connection with these Debentures and shall not affect any other subsisting security, obligation or transaction.

What happens next

The debenture holder has stated that it will facilitate update of the requisite form with the Registrar of Companies and execute a Re-conveyance Deed along with the debenture trustee to intimate the release and satisfaction of charge, and has requested the trustee to issue a release letter and hand over the original title documents of the mortgaged properties to the company.

How this can be read

The update records a secured borrowing being fully repaid and the mortgage created over three project land parcels, their development rights, receivables and accounts being released. For a reader, the relevant points to track are the confirmation of repayment, the release of the charge on project assets, and the completion of the ROC update and re-conveyance of title documents as described.

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