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

Indo Thai Securities Ltd's Debenture Issuance, Allotment and Redemption Committee approved the allotment of 235 Secured, Redeemable, Unlisted, Unrated, Non-Convertible Debentures (NCDs) of face value ₹1,00,000 each.

Wed 7 Oct 2026

NCDs Allotted

235 Secured, Redeemable, Unlisted, Unrated, Non-Convertible Debentures (NCDs)

Face Value per NCD

₹1,00,000 each

Aggregate Allotment

₹2,35,00,000

Indo Thai Securities Ltd has informed the stock exchanges about the outcome of the meeting of its Debenture Issuance, Allotment and Redemption Committee held on 07th October 2026, in continuation of its earlier intimations dated 20th July 2026 and 12th September 2026.

What was approved

• Allotment of 235 Secured, Redeemable, Unlisted, Unrated, Non-Convertible Debentures (NCDs).
• Each NCD has a face value of ₹1,00,000.
• The current allotment aggregates to ₹2,35,00,000 (Rupees Two Crore and Thirty Five Lakhs only), allotted under Tranche-I as the First Close.
• The issue is made on a private placement basis.

The larger fund-raising framework

• Under Tranche-I, up to 1,000 NCDs aggregating up to ₹10,00,00,000 (Rupees Ten Crores only) may be issued.
• The umbrella limit is up to 10,000 NCDs aggregating up to ₹100,00,00,000 (Rupees Hundred Crores only), in one or more tranches.

Key terms of the debentures

• Tenure of 370 or 1101 days from the date of allotment. The date of allotment is 07th October 2026, and the date of maturity is 12th October 2027 or 12th October 2029 as the case may be.
• Coupon/interest rate of 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 is by full payment at par at maturity.
• The NCDs are unlisted securities and are not proposed to be listed.
• There are no special rights or privileges attached to the debentures.

Security and default terms

• An exclusive floating charge has been created over all present and future listed or unlisted shares and securities held by the company as stock-in-trade and investments.
• In case of delay in payment of interest and/or principal redemption of more than three months from the due date, the company shall pay additional interest at 2% p.a. over the interest rate for the defaulting period.

What this means for a reader

• This is a fund-raising update: the company is issuing debt in the form of privately placed NCDs, with part of the approved Tranche-I now allotted and the balance available to be issued within the stated limits.
• The debentures are backed by a floating charge on the company's stock-in-trade and investment holdings, which is the security available to the debenture holders.
• Because the NCDs are unlisted securities, they are not traded on any stock exchange; this disclosure is about the allotment made to private investors.

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