Prospectus shared for public issue of secured NCDs of up to Rs. 15,000 Lakh; issue opens October 5, 2026

The company has shared the Prospectus for a public issue of Secured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs).

Mon 28 Sep 2026

Face Value

Rs. 1,000 each

Base Issue Size

up to Rs. 7,500 Lakh

Green Shoe Option

up to Rs. 7,500 Lakh

Total NCD Aggregate

up to ₹15,000 Lakh

Credit Rating

ICRA A Stable

What was shared

The company submitted the Prospectus for a public issue of Non-Convertible Debentures (NCDs), approved by the Non-Convertible Debenture Committee of the Board on September 28, 2026. A copy has been forwarded to SEBI and shared with the RoC.

What an NCD is

An NCD is a debt instrument. Investors lend money to the company for a fixed term and receive interest (coupon); the NCD cannot be converted into equity shares. These NCDs are described as Secured, Rated, Listed and Redeemable.

Size of the issue

• Face value: Rs. 1,000 each
• Base Issue Size: up to Rs. 7,500 Lakh
• Green Shoe Option (option to retain oversubscription): up to Rs. 7,500 Lakh
• Aggregating up to 15,00,000 NCDs for an aggregate amount of up to ₹15,000 Lakh

Credit rating

Rated 'ICRA A Stable' by ICRA Limited for an amount of up to ₹51,279.00 Lakh, by way of its letter dated September 14, 2026. Instruments with this rating are considered to have an adequate degree of safety regarding timely servicing of financial obligations and carry low credit risk. Ratings can be suspended, withdrawn or revised by the agency.

Issue programme

Opens on Monday, October 05, 2026 and closes on Friday, October 16, 2026. The issue may close earlier or be extended, subject to a minimum of two Working Days and a maximum of ten Working Days from opening, and not exceeding thirty days from update the Prospectus with the RoC.

Listing and parties

The NCDs are proposed to be listed on BSE, which will be the Designated Stock Exchange; in-principle approval was received by letter dated September 18, 2026. Lead Manager: Corporate Professionals Capital Private Limited. Registrar: MUFG Intime India Private Limited. Debenture Trustee: IDBI Trusteeship Services Limited. Statutory Auditors: M/s. P.C. Bindal & Co.

Other points

• The issue is not proposed to be underwritten.
• The Draft Prospectus dated September 15, 2026 was shared with BSE for public comments for 1 (one) Day; no comments were received.
• The Prospectus itself notes that investment in non-convertible securities is risky and asks investors to read the risk factors before investing.

Why it matters to equity shareholders

This is a fund-raising step through debt rather than equity, so there is no dilution of existing shareholding from the NCDs. It adds to the company's borrowings, and the terms of the issue, including coupon rate and redemption details, are set out in the Prospectus.

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