Allots 34,000 unsecured NCDs worth Rs. 34 crore at 11.50% coupon on private placement
Himatsingka Seide has allotted 34,000 Senior, Unsecured, Rated, Listed, Redeemable NCDs of face value Rs. 10,000/- each, totalling Rs. 34,00,00,000/-, on a private placement basis.
- NCD Amount
- Rs. 34,00,00,000/-
- Number of NCDs
- 34,000 Senior, Unsecured, Rated, Listed, Redeemable NCDs
- Face Value per NCD
- Rs. 10,000/-
- Coupon Rate
- 11.50% p.a., paid quarterly
- Maturity Date
- March 30, 2030
What happened
The Securities Committee of the Board allotted 34,000 Senior, Unsecured, Rated, Listed, Redeemable, Transferable Non-Convertible Debentures (Series 1 Tranche 1) on September 30, 2026, following the earlier intimation dated August 25, 2026.
- Face value: Rs. 10,000/- per NCD
- Total size: Rs. 34,00,00,000/- (Rupees Thirty-Four Crores only), issued at par
- Includes a Green Shoe Option of 4,000 NCDs
- Mode: private placement to eligible investors
Terms
- Coupon: 11.50% p.a., payable quarterly
- Tenure: 42 months from the deemed date of allotment
- Maturity: March 30, 2030
- Principal repayment: three instalments at the end of 30 months, 36 months and 42 months
- Security: Unsecured (no charge created over assets)
- Proposed listing: BSE Limited
- Additional 2% applies on delay in payment of interest or principal beyond three months from the due date, or on default
- Letters or comments regarding payment/non-payment: Nil
How to read this
This is a debt raise, not an equity issue, so there is no dilution for existing shareholders. The company takes on borrowing that carries a fixed cash outgo of interest every quarter at 11.50% per annum, with principal repayment beginning after 30 months. Being unsecured means no company assets have been charged as security for these debentures.
The company also stated that the authorisation to issue the un-issued portion of Series E NCDs has been withdrawn.
Also from Himatsingka Seide
Senior Management Changes: CEO Home Textiles and Group General Counsel Resign, Two Elevated
30 Sep 2026
More numbers
- NCDs allotted34,000
- Face value per NCDRs. 10,000/-
- Total issue sizeRs. 34,00,00,000/-
- Green Shoe Option NCDs4,000
- Coupon rate11.50% p.a.
- Tenure42 months
- Additional rate on delay/default2%
- First principal instalment at30 months
- Second principal instalment at36 months
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