Allotment of 52,500 secured NCDs aggregating Rs. 525,00,00,000 on private placement basis

52,500 Secured, Rated, Listed, Redeemable Non-Convertible Debentures allotted on private placement basis.

Thu 8 Oct 2026

NCDs Allotted

52,500 Secured, Rated, Listed, Redeemable Non-Convertible Debentures

Face Value per NCD

Rs. 1,00,000

Total Issue Size

Rs. 525,00,00,000

The company has informed the exchanges about a fresh allotment of debt securities. Here is what the update says, in simple terms.

What was allotted

• 52,500 Secured, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs)
• Face value of Rs. 1,00,000 per NCD
• Total amounting to Rs. 525,00,00,000 (Rupees Five Hundred and Twenty Five Crore Only)
• Allotted on a private placement basis
• Approved by the Committee of Directors (Administration, Authorisation & Finance) at its meeting held on 8th October 2026

The committee meeting commenced at 11:30 a.m. and concluded at 11:45 a.m. The company had earlier written to the exchanges on the same subject on 28th September 2026.

What the terms mean

• Non-Convertible: the debenture cannot be converted into equity shares of the company.
• Redeemable: the company is to repay the money as per the terms of the debentures.
• Secured: the debentures carry security, as stated in the update.
• Rated: the debentures carry a credit rating, as stated in the update.
• Private placement: the debentures were offered to a select set of investors and not to the general public, so retail investors cannot apply for this particular allotment.

Where they will be listed

The NCDs are proposed to be listed on the Wholesale Debt Market (WDM) segment of the National Stock Exchange of India Limited (NSE) and BSE Limited. NSE is the designated stock exchange.

What this means in plain terms

A Non-Convertible Debenture is a way for a company to borrow money from investors. The investor is to receive interest and the principal back as per the terms of the issue. In this case, the total amount raised through this allotment is Rs. 525,00,00,000, made up of 52,500 debentures of Rs. 1,00,000 each.

What a shareholder may note

• This is an addition to the company's borrowing through market instruments.
• The securities allotted are described as secured and rated, and are proposed to be listed on the debt market segment of both exchanges.
• The allotment does not change the number of equity shares of the company, so it does not dilute existing shareholders' holding.

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