Agreement for investment in subsidiaries via NCD subscription: Rs. 175 Crores to RRPL, Rs. 50 Crores to EREPL

Runwal Enterprises has entered into agreements with wholly owned subsidiary Runwal Residency Private Limited (RRPL) and step-down wholly owned subsidiary Evie Real Estate Private Limited (EREPL) on October 08, 2026.

Thu 8 Oct 2026

NCD subscription - RRPL

Rs. 175 Crores — 17,50,000 NCDs of Rs. 1,000 each

NCD subscription - EREPL

Rs. 50 Crores — 5,00,000 NCDs of Rs. 1,000 each

NCD terms

at par, 10.50% P.A., 10-year tenure, no special terms

The company has informed the exchanges that on October 08, 2026 it entered into agreements with two of its subsidiaries by subscribing to their Non-Convertible Debentures (NCDs).

What was subscribed

• Runwal Residency Private Limited (RRPL), described as a wholly owned subsidiary: 17,50,000 NCDs of Rs. 1,000 each, with the size of the agreement stated at Rs. 175 Crores.
• Evie Real Estate Private Limited (EREPL), described as a step-down wholly owned subsidiary: 5,00,000 NCDs of Rs. 1,000 each, with the size of the agreement stated at Rs. 50 Crores.

Terms of the NCDs

• Both sets of NCDs are issued at par at an interest rate of 10.50% P.A. for a tenure of 10 years.
• The company states these are without any special terms and conditions.

Where the money is going

• The stated purpose is repayment of the secured loan availed by RRPL.
• For EREPL, the stated purpose is repayment of the secured loan availed by EREPL.

Relationship and related party angle

• The update states the company's shareholding in RRPL at 100% and in EREPL at 0%, while describing EREPL as a step-down wholly owned subsidiary.
• On the question of promoter/promoter group linkage, it states the parties are not related to the promoter/promoter group, while noting that Runwal Enterprises Limited is the holding company of RRPL and the ultimate holding company of EREPL.
• The transactions fall within related party transactions and are stated to be at arm's length.

How to read this

This is money moving from the parent into its own subsidiaries in the form of debt, carrying a fixed interest rate and a fixed tenure. The size of the two agreements together is Rs. 175 Crores and Rs. 50 Crores, and the stated use is repayment of secured loans already availed by the two entities. The company has also stated that the transactions are related party transactions done at arm's length, which is the disclosure investors would look at when assessing how group funds are being deployed.

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