Anupam Rasayan India Limited's Board of Directors approved the issuance of non-convertible debentures (NCDs) through a private placement during their meeting held on September 19, 2026, which commenced at 07:05 p.m. IST and concluded at 07:32 p.m. IST.

Debenture Issuance Details

The Board approved the issuance of up to 16,000 INR denominated, secured, rated, unlisted, and redeemable non-convertible debentures with a nominal value of INR 1,00,000 each. The total issue size aggregates to not more than INR 1,60,00,00,000 (Indian Rupees One Hundred Sixty Crore Only). The debentures will be issued in one single tranche at par in dematerialized form on a private placement basis.

Counterparty and Documentation

The debentures will be issued to Aditya Birla Capital Limited (CIN: L64920GJ2007PLC058890) through private placement offer cum application letters. The documentation includes a debenture trust deed to be entered into with CTL Trusteeship Limited acting as the debenture trustee, along with other debenture documents.

Security Arrangements

The debt will be secured by:

  • First ranking exclusive pledge over certain identified shares of the Company held by Mr. Anand Sureshbhai Desai, Mrs. Mona Anandbhai Desai, Ms. Shraddha Anand Desai, and Rehash Industrial and Resins Chemicals Private Limited (as applicable) under a Share Pledge Agreement
  • Charge by way of hypothecation over all rights, title, and interest in amounts within the escrow account with Axis Bank Limited under a Deed of Hypothecation
  • Demand promissory note(s) issued by the Company in favor of the Debenture Trustee
  • Letter(s) of continuity in respect of the Debentures

Financial Terms

The applicable coupon rate is 10.25% per annum. The redemption schedule is as follows:

  • Partial Redemption: On or before October 21, 2026, the Company shall redeem the Debentures in part at a redemption amount of INR 99,500.00 per Debenture
  • Final Redemption: On October 21, 2027, the Company shall redeem the Debentures in full at a redemption amount of INR 500.00 per Debenture

The deemed date of allotment is September 21, 2026, with a tenure of 13 months from this date. The final maturity date is October 21, 2027.

Utilization of Proceeds

The proceeds from the issue are proposed to be utilized for:

  • Repayment of existing debt facilities
  • Investment in group companies
  • General corporate purposes