Committee to meet on October 3, 2026 to consider NCD issue on private placement basis

A meeting of the Debenture Issue and Allotment Committee is scheduled for Saturday, October 03, 2026.

Tue 29 Sep 2026

Meeting Date

Saturday, October 03, 2026

Committee

Debenture Issue and Allotment Committee

Instrument Type

Non-Convertible Debentures (NCDs)

Placement Type

Private placement basis

What was shared

The company gave prior intimation to BSE and NSE that its Debenture Issue and Allotment Committee of the Board will meet on Saturday, October 03, 2026.

Agenda

• Consider and approve a proposed issuance of Non-Convertible Debentures (NCDs) on a private placement basis.
• The issuance would be within the overall limits already approved by the Board of Directors and the shareholders.

What it means for investors

NCDs are a form of borrowing: the company raises money from investors and pays interest, without issuing new equity shares. So there is no dilution for equity shareholders from such an issue. For a lending company, raising debt is part of normal funding activity used to support its loan book.

Private placement means the debentures are offered to selected investors rather than to the public.

This intimation only announces the meeting; the actual decision, amount and terms would be known after the Committee meets.

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