Interest for eight days and fractional entitlements paid to CCD holders who opted for conversion
The company has paid interest for eight days (September 30, 2026 to October 7, 2026) and fractional entitlements to CCD holders who opted to convert 1,45,010 Compulsorily Convertible Debentures into equity shares on October 8, 2026.
By ScoutQuest · · 2 min read
- Interest Period
- eight days (September 30, 2026 to October 7, 2026)
- CCDs Converted into Equity Shares
- 1,45,010 Compulsorily Convertible Debentures converted on October 8, 2026
- Payment Date
- Payments made on October 16, 2026
What the company has said
- The company has paid interest and fractional entitlements to the Compulsorily Convertible Debenture (CCD) holders who opted to convert their CCDs into equity shares.
- The interest paid is for eight days, covering September 30, 2026 to October 7, 2026.
- This follows its earlier disclosures dated September 30, 2026 and October 08, 2026 about the conversion of 1,45,010 CCDs into equity shares on October 8, 2026.
- The payments were made on October 16, 2026, in line with the terms and conditions of the CCD issue and the Placement Document.
- The update concerns only those CCD holders who opted for conversion.
Terms explained simply
- A CCD, or Compulsorily Convertible Debenture, is a debt instrument that must convert into equity shares. Until conversion, the holder is a lender to the company and earns interest; after conversion, the holder becomes a shareholder.
- Interest for eight days was paid because that is the period for which the converting holders were still lenders before the conversion took effect.
- Fractional entitlement is the cash paid when a conversion leaves a holder with a part of a share. Since only whole shares can be issued, the company pays out the value of that fraction instead.
Why this matters
- The conversion of 1,45,010 CCDs into equity shares adds to the company's equity share count and reduces its debenture liability, changing the mix of how the company is funded.
- The interest and fractional entitlement payments are cash outflows to the holders who opted for conversion, made as per the agreed terms.
- For a retail shareholder, this is an update on the mechanics of an already-announced conversion rather than a fresh business development.
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More numbers
- CCDs converted into equity shares1,45,010
- Interest period paid to converting CCD holderseight days
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