Board approves allotment of 1,00,00,000 unlisted NCRPS on private placement basis
Board approved allotment of 1,00,00,000 unlisted NCRPS on a private placement basis (First Tranche).
By ScoutQuest · · 2 min read
- NCRPS Allotted
- 1,00,00,000 unlisted NCRPS on a private placement basis (First Tranche)
- Issue Price / Size
- ₹10 per share, aggregating ₹10 crore
- Dividend and Tenure
- 5% cumulative dividend; tenure 7 years, maturing 28-10-2033
What was approved
The Board of Directors, at its meeting held on Wednesday, 28th October, 2026, considered and approved the allotment of Unlisted Non-Convertible Cumulative Redeemable Preference Shares (NCRPS) on a private placement basis under the First Tranche. The allotment follows the approval of the members and receipt of subscription money.
- Type of security: Non-Convertible Cumulative Redeemable Preference Shares (NCRPS)
- Number allotted: 1,00,00,000 in the First Tranche
- Face value and issue price: ₹10 per share, at par as per the valuation report
- Size of the issue: aggregate ₹10 crore
- Listing: the NCRPS are unlisted
Key terms of the instrument
- Dividend: 5% cumulative per annum, payable as per the terms of issue and applicable law
- Tenure: date of allotment 28-10-2026, maturing 28-10-2033 (7 years from allotment)
- A company call option and an investor put option may be exercisable after 2 years, subject to the terms of issue and 30 days' notice
- Redemption: at the expiry of 7 years from the date of allotment, subject to applicable law and terms of issue
Security and standing
The NCRPS are unsecured and do not carry any charge on the assets of the Company. They carry a preferential right vis-a-vis the equity shares with respect to payment of dividend and repayment in case of winding up or repayment of capital.
What this means for a retail investor
Preference shares sit ahead of equity for dividend and for repayment of capital on winding up, but here they are unsecured and unlisted, so they are not tradable on an exchange. The 5% cumulative dividend is fixed, and the money raised is ₹10 crore, which is the same as the face value because the shares were issued at par. Because the instrument is non-convertible, it does not turn into equity shares.
Also from Chemiesynth (Vapi)
Board meeting on 04 November 2026 to consider unaudited results for September quarter
30 Oct 2026
Board approves allotment of 1,00,00,000 unlisted NCRPS under First Tranche
28 Oct 2026
Board meeting on 28 October 2026 to consider allotment of unlisted NCRPS on private placement
23 Oct 2026
More numbers
- NCRPS allotted in First Tranche1,00,00,000
- Face value per NCRPS₹10 per share
- Issue price per NCRPS₹10 at par
- Aggregate size of the issue₹10,00,00,000
- Cumulative dividend rate per annum5%
- Tenure of the NCRPS7 years
- Call option / put option exercisable after2 years
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