Committee approves allotment of 235 secured NCDs aggregating ₹2,35,00,000 under Tranche-I

Committee approves allotment of 235 secured, redeemable, unlisted, unrated NCDs of face value ₹1,00,000 each, aggregating to ₹2,35,00,000, under Tranche-I on a private placement basis.

Wed 7 Oct 2026

NCDs allotted

235 secured, redeemable, unlisted, unrated NCDs

Face value per NCD

₹1,00,000 each

Aggregate allotment amount

₹2,35,00,000 under Tranche-I

What the company informed the exchanges

Indo Thai Securities Ltd has told BSE and NSE that the Debenture Issuance, Allotment and Redemption Committee of its Board of Directors, at its meeting held on 07th October, 2026, approved the allotment of 235 Secured, Redeemable, Unlisted, Unrated, Non-Convertible Debentures (NCDs) of face value ₹1,00,000 each, aggregating to ₹2,35,00,000 (Rupees Two Crore and Thirty Five Lakhs Only) under Tranche-I.

• The issue is on a private placement basis.
• The meeting commenced at 04:30 PM and concluded at 05:00 PM.

The larger fund-raise this sits inside

• Umbrella limit: up to 10,000 NCDs aggregating up to ₹100,00,00,000 (Rupees Hundred Crores only), in one or more tranches.
• Tranche-I issue size: up to 1,000 NCDs aggregating up to ₹10,00,00,000 (Rupees Ten Crores only).
• Securities offered: 1000 Secured, Unrated, Unlisted, Redeemable, Non-Convertible Debentures of face value ₹1,00,000 each, aggregating to ₹10,00,00,000 under Tranche-I.
• Size of the current allotment: 235 NCDs aggregating to ₹2,35,00,000, allotted under Tranche-I as First Close.

Terms of the debentures

• Tenure: 370 or 1101 days as the case may be from the date of allotment.
• Date of allotment: 07th October, 2026; date of maturity: 12th October, 2027 or 12th October, 2029, as the case may be.
• Coupon/interest rate: 9.50% or 9.90% per annum, as the case may be.
• Schedule of payment of coupon/interest and principal: quarterly and annually, as the case may be.
• Redemption: full redemption at par at maturity.
• Listing: no, the NCDs are issued as unlisted securities.
• Special rights/privileges attached to the instrument: none.

Security and default terms

• Charge/security created over the assets: exclusive floating charge over all present and future listed or unlisted shares and securities held as stock-in-trade and investments of the Company.
• In case of default in payment of interest and/or principal redemption on the due date, the company shall pay additional interest at the rate of 2% p.a. over the interest rate for the defaulting period.

What a retail investor can note

• This is a debt fund-raise by the company, and the current allotment is a part of the approved Tranche-I size, which in turn sits within a larger umbrella limit.
• The debentures carry a fixed coupon, and the company has created a floating charge over its shares and securities held as stock-in-trade and investments, which are the assets backing the issue.
• The instrument is unlisted, so these NCDs will not trade on an exchange.

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