SGSMC Global Securities543263NCD issuance

NCD Committee approves allotment of 15,00,000 NCDs of Rs. 1,000 face value

NCD Committee approved allotment of 15,00,000 Secured, Rated, Listed, Redeemable, Non-Convertible Debentures of face value Rs. 1,000 each.

By ScoutQuest · Tue 13 Oct 2026, 11:12 AM IST · 2 min read

NCD Allotment

15,00,000 Secured, Rated, Listed, Redeemable, Non-Convertible Debentures of face value Rs. 1,000 each

Issue Size

Base Issue Size Rs. 7,500 Lakh, with oversubscription up to Rs. 7,500 Lakh, aggregating to Rs. 15,000 Lakh

Coupon & Tenor

Coupons 9.50% to 10.00% per annum; tenors 24, 36 and 60 months

What was approved

The Non-Convertible Debenture Committee of the Board of Directors, at its meeting held on Tuesday, October 13, 2026 from 10:45 AM to 11:00 AM, approved the allotment of 15,00,000 Secured, Rated, Listed, Redeemable, Non-Convertible Debentures of face value Rs. 1,000 each.

Allotment at a glance

• Total applications received: 5,089, applying for 16,70,819 NCDs
• Technical rejections: 2,286 applications, covering 3,11,693 NCDs
• Valid applications: 5,057, covering 16,64,898 NCDs
• Final allotment: 5,057 applications, for 15,00,000 NCDs
• Category I: 1,50,000 NCDs across 2 applications
• Category II: 3,75,000 NCDs across 22 applications
• Category III: 7,12,642 NCDs across 1,411 applications
• Category IV: 2,62,358 NCDs across 3,622 applications

Issue size and security

The issue had a Base Issue Size of Rs. 7,500 Lakh, with an option to retain oversubscription up to Rs. 7,500 Lakh (Green Shoe Option), aggregating to Rs. 15,000 Lakh. The principal and all interest due on the NCDs are secured by a pari passu charge over the Trade Receivables and MTF of the company, created in favour of the Debenture Trustee, with a security cover of at least 110% of the outstanding principal and interest due, maintained at all times until the Final Settlement Date. The NCDs rank pari passu without preference of one over the other, except that priority for payment is as per the applicable date of redemption.

Terms across the series

• Series I: 24 months, annual interest, coupon 9.50% per annum, effective yield 9.50% per annum
• Series II: 24 months, cumulative, effective yield 9.50% per annum, maturity amount Rs. 1,199.03 per NCD
• Series III: 36 months, annual interest, coupon 9.75% per annum, effective yield 9.75% per annum
• Series IV: 36 months, cumulative, effective yield 9.75% per annum, maturity amount Rs. 1,321.95 per NCD
• Series V: 60 months, monthly interest, coupon 9.57% per annum, effective yield 10.00% per annum
• Series VI: 60 months, annual interest, coupon 10.00% per annum, effective yield 10.00% per annum

Minimum application is Rs. 10,000 (10 NCDs) across all series. The coupon type is fixed and there is no put or call option.

What this means for readers

This is an update on the completion of the allotment process for the company's public issue of NCDs. The securities allotted are debentures, not equity shares. The disclosure records no delay in payment of interest or principal for a period of more than three months from the due date, no default in payment of interest or principal, and no letter or comments regarding payment or non-payment. The NCDs carry no special rights, interests or privileges attached to the instrument. The NCDs shall be listed on BSE Limited.

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