Fund Raising Committee approves allotment of Tranche 3 NCDs of up to INR 50 Crores on private placement

Fund Raising Committee approved allotment of Tranche 3 NCDs on a private placement basis, aggregating up to INR 50 Crores, part of the total INR 540 Crores issue.

Thu 8 Oct 2026

Tranche 3 NCD Allotment Size

up to INR 50 Crores, part of the total INR 540 Crores issue

Coupons

19.40% per annum (junior) and 11.50% per annum (senior)

Face Value

INR 1,00,000 each

Pakka Ltd has informed the stock exchanges that its Fund Raising Committee, at its meeting held on 8th October 2026, considered and approved the allotment of the third tranche of non-convertible debentures on a private placement basis.

What has been approved

• Allotment of unlisted, secured, unrated, redeemable non-convertible debentures (NCDs) aggregating up to INR 50 Crores.
• The tranche is divided into junior series NCDs of face value INR 1,00,000 each, aggregating up to INR 30 crores, and senior series NCDs of face value INR 1,00,000 each, aggregating up to INR 20 crores.
• This tranche is part of the total issue of INR 540 Crores approved by the Board of Directors in its meeting held on 26th May 2026.

Who is the allottee

• Neo Special Credit Opportunities Fund II, described in the update as a SEBI-registered Category II Alternative Investment Fund and a non-promoter.

Terms at a glance

• Coupon: 19.40% per annum on the junior series and 11.50% per annum on the senior series.
• Tenure of the instrument: junior series up to 31.05.2035; senior series up to 30.06.2033.
• The debentures are unlisted.
• Date of maturity follows the same dates as the tenure: junior series up to 31.05.2035 and senior series up to 30.06.2033.

Security for the debentures

The debenture obligations shall be secured by way of security interest over

• the New Project Assets and the Project Assets, including immovable assets, movable fixed assets and moveable non-current assets such as plant and machinery, machine spares, tools and accessories, furniture, fixtures, vehicles and other non-current assets, both present and future, and intangible assets;
• a charge over all current assets of the issuer, including receivables, accounts and investments;
• a charge on all insurance contracts obtained by the issuer, including proceeds received thereunder; and
• pledge over the Pledged Securities (Issuer) and pledge over the Pledged Securities (Yash Agro Products Limited).

How to read this

The securities being allotted are debentures, not equity shares, and they are being issued on a private placement basis to a single allottee. The tranche sits within a Board-approved total issue of INR 540 Crores, of which this tranche accounts for up to INR 50 Crores.

The two series carry separate coupons and separate maturity dates, and the update states that the security is to be created in favour of the security trustee for the benefit of the debenture holders. Investors may find the coupon levels, the split between the junior and senior series, and the security package the key points to note in this disclosure.

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