Event Disclosure

This regulatory filing discloses the outcome of the WALCO meeting held on July 23, 2026, from 5:30 PM to 5:45 PM IST. The meeting approved the issuance of non-convertible debentures (NCDs) through private placement.

Financing Details

Instrument Type: Rated, Senior, Listed, Secured, Transferable, Redeemable, Non-convertible Debentures

Issue Structure:

  • Base issue: 20,000 NCDs
  • Greenshoe option: 2,000 NCDs
  • Total maximum issuance: 22,000 NCDs

Financial Terms:

  • Face value: ₹1,00,000 per NCD
  • Base issue size: ₹200 crore
  • Greenshoe option: ₹20 crore
  • Total maximum issue size: ₹220 crore
  • Issuance method: Private placement, at par, in dematerialized form

Tenure and Dates:

  • Tenure: 24 months from deemed date of allotment
  • Proposed allotment date: July 29, 2026 (or as per Transaction Documents)
  • Proposed maturity date: July 28, 2028 (or as per Transaction Documents)

Interest Terms:

  • Coupon rate: 9.75% per annum
  • Payment frequency: Monthly
  • Default interest: Additional 2% per annum (total 11.75%) payable on outstanding principal from default date until cure or redemption

Security Arrangements:

  • First ranking exclusive and continuing charge on identified book debts/loan receivables
  • Additional security interests as agreed with debenture holders
  • Minimum asset coverage: 1.05x of outstanding debenture amounts at all times
  • Security to be created on or before deemed date of allotment

Listing and Trading:

  • Proposed listing on Wholesale Debt Market Segment of BSE Limited
  • Debentures will be listed securities

Redemption Terms:

  • Principal redemption on Final Redemption Date (July 28, 2028)
  • Pari passu redemption basis
  • Redemption according to Debenture Trust Deed and Transaction Documents

Regulatory Compliance:

  • Filed pursuant to SEBI Listing Regulations 30 & 51 read with Schedule III
  • Follows prior intimations dated July 20, 2026 and corrigendum dated July 21, 2026
  • Includes required Annexure A with detailed disclosure format

Documentation:

  • Governed by Debenture Trust Deed and Transaction Documents
  • All rights and privileges specified in transaction documentation

Corporate Authority:

  • Approved by Working Committee of Asset and Liabilities Committee of Board of Directors
  • Signed by Gaurav Seth, Chief Financial Officer