Board to consider raising up to ₹50 crore via secured NCDs on October 5, 2026

Board meets on Monday, October 05, 2026 at 12.00 p.m.

Tue 29 Sep 2026

Meeting Date & Time

Monday, October 05, 2026 at 12.00 p.m.

Proposed NCD Fundraise Amount

₹50,00,00,000 (Rupees Fifty Crore only)

Issue Structure

May be issued in one or more tranches/series, within one year of the resolution

NCD Type

senior, secured, rated, listed, redeemable non-convertible debentures

Trading Window Closure

Closed for designated persons until 48 hours after outcome is disclosed

What was shared

The company gave prior intimation under Regulation 29 of the SEBI LODR Regulations that its Board of Directors will meet on Monday, October 05, 2026 at 12.00 p.m. at the registered office.

Agenda

• Consider and approve raising funds through the issue of senior, secured, rated, listed, redeemable, non-convertible debentures (NCDs) for an aggregate amount up to ₹50,00,00,000 (Rupees Fifty Crore only)
• The issue may be done in one or more tranches/series, within a period of one year from the date of passing the resolution
• Terms and conditions to be determined by the Board, subject to applicable statutory and regulatory approvals
• Any other matter with the permission of the chair

What this means in simple terms

NCDs are debt instruments: investors lend money to the company and cannot convert it into shares. Because they are proposed to be secured and rated, they are backed by company assets and carry a credit rating. Debt fundraising does not dilute existing shareholders, but it does add borrowing and interest costs if the issue goes through.

Trading window

Under the SEBI insider trading rules and the company's code of conduct, the trading window for designated persons and their immediate relatives stays closed until 48 hours after the outcome of this Board Meeting is disclosed to the stock exchange.

What to watch

The outcome of the October 05, 2026 Board Meeting, and whether the Board approves the proposal and the terms such as size of each tranche, tenure, coupon and security.

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