Fourth and final tranche of 250 non-convertible debentures allotted for Rs. 25 crore

The company has allotted 250 non-convertible debentures (NCDs) on a private placement basis.

Fri 9 Oct 2026

NCDs allotted in final tranche

250 NCDs aggregating to INR 25,00,00,000 (Rs. 25 crore)

Face value per NCD

INR 10,00,000

Total issue size

3000 NCDs aggregating up to INR 300,00,00,000 (Rs. 300 crore)

Debt fund raise completed

The company has allotted non-convertible debentures on a private placement basis, and this allotment is the fourth and final tranche of that issue. The Management Sub-Committee of the Board approved the final allotment.

What was allotted in this tranche

• Number of NCDs: 250 (Two Hundred and Fifty)
• Face value of each NCD: INR 10,00,000 (Indian Rupees Ten Lakhs Only)
• Value of this tranche: INR 25,00,00,000 (Indian Rupees Twenty-Five Crores only)
• Allotted to identified investors, by way of private placement
• Date of allotment for Tranche 4: October 09, 2026

The full issue

• Total size: 3000 (Three Thousand) NCDs aggregating up to INR 300,00,00,000 (Indian Rupees Three Hundred Crores only)
• Each NCD carries a face value of INR 10,00,000 each at par

The instrument

• Unlisted, unrated, senior, secured, redeemable and non-convertible
• Tenure / date of maturity: June 18, 2030
• Whether proposed to be listed: No
• Special right / interest / privileges attached to the instrument: Not Applicable
• No delay or default in payment of interest / principal for a period of more than three months from the due date
• The coupon / interest offered, the schedule of payment of coupon / interest and principal, the charge or security created over assets, and the manner of redemption are as set out under the relevant PAS-4 for Tranche 4 circulated to the identified investors

How to read it

• NCDs are debt instruments. The company borrows money, pays interest on it and repays the principal on maturity. They are non-convertible, so they do not convert into equity shares and do not change the number of shares the company has.
• These NCDs are not proposed to be listed, so they will not trade on a stock exchange.
• The debentures carry a fixed face value of INR 10,00,000 each, and the tranche covers 250 of them.
• Being the fourth and final tranche of the approved issue, this completes the series of allotments under the fund raise intimated earlier.

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