This is a regulatory disclosure made to BSE Limited and the National Stock Exchange of India Ltd. pursuant to Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and a SEBI Master Circular dated January 30, 2026.
The company has allotted 1,140 (One Thousand One Hundred and Forty) Secured, Unlisted and Redeemable Non-Convertible Debentures (NCDs). Each NCD has a face value of ₹1,00,000 (Rupees One Lakh Only), making the total issue size ₹11,40,00,000 (Rupees Eleven Crore and Forty Lakhs Only). The allotment was completed on a private placement basis.
Key Terms and Conditions of the NCDs:
- Type of Security: Secured, Unlisted, and Redeemable Non-Convertible Debentures.
- Total Issue Size: ₹11,40,00,000 (allocated from a total offer of up to 1,320 NCDs aggregating ₹13,20,00,000).
- Listing Status: The NCDs are unlisted and will not be listed on any exchange.
- Tenure: 3 years (1,096 calendar days).
- Date of Allotment: August 27, 2026.
- Date of Redemption / Maturity: August 27, 2029.
- Coupon / Interest Rate: 9% per annum.
- Payment Schedule: Interest and principal are payable quarterly.
- Security: A first-ranking charge by way of hypothecation has been created over all present and future unencumbered assets, book debts, and 'Receivables' of the company. This charge was established under a deed of hypothecation dated June 02, 2026, entered into with the Debenture Trustee.
- Default Terms: In case of a default in payment of interest or principal lasting more than three months, an additional interest of 2% per annum over the agreed coupon rate will be payable for the default period.
- Redemption: Full redemption of the principal amount will occur on the maturity date.
Further details are contained in the Offer Document dated August 25, 2026, and the Debenture Trust Deed. The letter is signed by Chetan Prajapati, Company Secretary and Compliance Officer (Membership No.: A39130).