4,650 secured market-linked NCDs allotted on private placement basis for INR 46,50,00,000

Allotment of 4,650 Secured, Listed, Rated, Market Linked Non-Convertible Debentures (Series MLD 1) on a private placement basis.

Mon 5 Oct 2026

NCDs Allotted

4,650 Secured, Listed, Rated, Market Linked Non-Convertible Debentures (Series MLD 1)

Face Value

INR 1,00,000/- each

Total Issue Size

INR 46,50,00,000/-

Tenor

1281 days

Allotment / Maturity Dates

allotment October 05, 2026, maturity April 08, 2030

What was informed

• The Finance Committee of the Board of Directors, by resolution dated October 05, 2026, approved the allotment of 4,650 Secured, Listed, Rated, Market Linked Non-Convertible Debentures (NCDs) under Series MLD 1.
• The issue was made on a private placement basis, in dematerialised form.
• Face value of each debenture is INR 1,00,000/- (Indian Rupees One Lakh Only).
• The total issue size is INR 46,50,00,000/- (Indian Rupees Forty Six Crore and Fifty Lakh Only).
• Date of allotment is October 05, 2026.

Key terms of the issue

• Tenor is 1281 days from the deemed date of allotment, with maturity on April 08, 2030.
• The coupon or interest is linked with NIFTY 50 Index performance.
• Interest, if any, will be paid on maturity, that is on April 08, 2030; the principal is also payable on April 08, 2030.
• Each debenture is redeemed at INR 1,00,000/- (Indian Rupees One Lakh Only) on maturity.
• The debentures are proposed to be listed on the National Stock Exchange of India Limited.
• Special rights, interests or privileges attached to the debentures: Not Applicable.

What backs these debentures

• A first ranking pari passu charge by way of hypothecation over the companys receivables, both present and future, book debts, loans and advances and current assets, whether already in existence or coming into existence later (except assets already charged in favour of existing charge holders).
• This charge must be maintained such that a security cover of at least 100% of the Outstanding Amounts is kept at all times during the tenor of the debentures.

If payment is delayed

• In case of default (including delay) in payment of interest or coupon and/or redemption of principal on the due dates, the company shall pay additional interest at 2% p.a. over the coupon rate for the defaulting period.

How a retail investor might read this

• A private placement means these debentures were allotted to select investors and not offered to the public, so retail investors cannot subscribe in this round.
• The debentures are proposed to be listed on the exchange, which is the route through which they may later be traded.
• Because the coupon is linked to NIFTY 50 performance rather than a fixed rate, the eventual payout depends on that index performance; the update states interest, if any, will be paid at maturity.
• The issue is secured by a charge over the companys receivables and current assets, with a minimum security cover of 100% of the outstanding amounts to be maintained through the tenor.
• The allotment increases the companys borrowings, with the entire principal repayable on April 08, 2030 and a penal-style additional interest of 2% p.a. if payments are delayed beyond the due dates.

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