Rs.1 crore part repayment made towards OCDs from Ludhiana land sale advance

The company paid Rs.1,00,00,000/- (Rupees One Crore only) as part repayment of its secured, unlisted, redeemable and optionally convertible debentures (OCDs) held by Special Situation India Fund.

Fri 25 Sep 2026

OCD Repayment Amount

Rs.1,00,00,000/- (Rupees One Crore only)

Debenture Holder

Special Situation India Fund

Funding Source

Advance received against sale consideration of Ludhiana land property

Repayment Type

Part repayment of secured, unlisted, redeemable and optionally convertible debentures

Redemption Trigger

Mandatory redemption clause upon monetisation of mortgaged properties

What was done

The Company informed the exchanges that it has made a payment of Rs.1,00,00,000/- (Rupees One Crore only) towards part repayment of its secured, unlisted, redeemable and optionally convertible debentures (OCDs) held by Special Situation India Fund.

Source of funds

• The amount was paid out of the advance received against the sale consideration of the Ludhiana land property.
• The entire sale consideration for that property has not yet been received by the Company.

Why the repayment was made

• It follows the mandatory redemption provision in the OCD Subscription cum Trust Deed, which allows outstanding Debentures to be redeemed in part or in full upon monetisation of the specified mortgaged property.
• The payment was made pursuant to the instructions of the Debenture Holder.

How investors may read it

This is a step in reducing the Company's outstanding debenture obligations, funded by monetising a mortgaged property rather than from operations. Since only part of the sale consideration has been received so far, further repayments may depend on the remaining proceeds.

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