Anand Rathi Share and Stock Brokers Limited has made a disclosure pursuant to Regulation 30 of SEBI Listing Regulations regarding the allotment of Non-Convertible Debentures (NCDs).
Allotment Details
- Date of Allotment: June 22, 2026
- Number of NCDs Allotted: 1,110 (One Thousand One Hundred and Ten)
- Face Value per NCD: ₹1,00,000 (Rupees One Lakh Only)
- Total Issue Size: ₹11,10,00,000 (Rupees Eleven Crores Ten Lakhs Only)
Terms and Conditions
- Type of Securities: Secured, Unlisted and Redeemable Non-Convertible Debentures
- Issuance Method: Private Placement Basis
- Listing Status: Not proposed to be listed
- Tenure: 3 years (1094 calendar days from the Deemed Date of Allotment)
- Date of Maturity: June 22, 2029
- Coupon Rate: 9% per annum
- Payment Schedule: Quarterly interest payments
- Redemption: Full redemption at maturity on June 22, 2029
Security Details
The NCDs are secured by a first ranking charge by way of hypothecation over all present and future unencumbered assets and book debts and 'Receivables'. This charge was created under a deed of hypothecation dated June 02, 2026, entered between the Company and the Debenture Trustee.
Default Provisions
In case of default in payment of interest or principal amount for more than three months from the due date, an additional interest at the rate of 2% per annum over the regular interest rate will be payable by the Company from the date of default until payment is made.
Additional Information
The maximum issue size approved was 1,285 NCDs aggregating to ₹12,85,00,000, but the actual allotment was for 1,110 NCDs totaling ₹11,10,00,000.