Ballarpur Industries500102NCD issuance
Allotment of 2000 Non-Convertible Debentures aggregating Rs. 20,00,00,000 on private placement basis
Ballarpur Industries allotted 2000 Non-Convertible Debentures of face value Rs. 1,00,000 each, totalling Rs. 20,00,00,000.
By ScoutQuest · · 2 min read
- NCDs Allotted
- 2000 Non-Convertible Debentures of face value Rs. 1,00,000 each, totalling Rs. 20,00,00,000
- Instrument Terms
- Unsecured, zero coupon, 3-year tenure, maturing 01 November 2029
- Use of Proceeds
- working capital, repayment of existing borrowings and capex
What was allotted
- The Board of Directors, by way of a circular resolution, allotted 2000 Listed, Rated, Unsecured, Redeemable Non-Convertible Debentures (NCDs).
- Face value of Rs. 1,00,000 each, aggregating Rs. 20,00,00,000 (Rupees Twenty Crore Only).
- The issue is on a private placement basis, through the online bidding process on the BSE EBP Platform, and the NCDs are proposed to be listed on BSE Limited.
How it fits into the larger borrowing plan
- The Board had earlier approved issuance of NCDs aggregating up to Rs. 100 crore on a private placement basis.
- In the first tranche, 5,750 NCDs aggregating Rs. 57.5 crore were allotted.
- This allotment is a further tranche in continuation of that programme.
Terms of the instrument
- Tenure of 3 years, with date of maturity 01 November 2029.
- Coupon: Zero Coupon, and redemption at the time of maturity.
- Charge or security created over assets: Not Applicable, consistent with the debentures being described as unsecured.
- In case of default, including delay, in payment of interest and/or principal on due dates, additional interest at 2% p.a. over the Coupon Rate is payable by the issuer for the defaulting period.
Who the debentures were allotted to
- The disclosure names Hardik Bharat Patel as the investor for the private placement.
- The same letter is signed by Hardik Bharat Patel as Whole Time Director of the company.
Where the money is going
- Working capital requirement, repayment of existing borrowings and Capex.
What a retail investor can take away
- This is a debt-raising step: the company has borrowed Rs. 20,00,00,000 by issuing debentures rather than equity, so the share count does not change.
- The debentures are unsecured and pay no periodic coupon; the entire repayment is due at maturity in 2029.
- The stated uses are day-to-day working capital, refinancing existing borrowings and capital expenditure.
Also from Ballarpur Industries
Borrowing limit raised to INR 2,000 Crore; board approves NCD issue of up to INR 400 crore
9 Oct 2026
Board meeting on October 09, 2026 to consider fund-raising, loans/guarantees and Postal Ballot notice
6 Oct 2026
More numbers
- NCDs allotted in this tranche2000
- Face value per NCDINR. 1,00,000
- Aggregate amount allotted in this trancheINR. 20,00,00,000/-
- NCDs allotted in first tranche5,750
- Amount allotted in first trancheINR 57,50,00,000/-
- NCD amount approved by the BoardINR 100,00,00,000/-
- Tenure of the NCDs3 years
- Additional interest on default over Coupon Rate2% p.a.
Source: BSE · 2 Nov 2026
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