Summary of Key Information:
Reporting Period (Quarter/Year): Not Applicable
Nature of Filing / Announcement: Outcome of Working Committee of Asset and Liabilities Committee of Board of Directors (WALCO) meeting regarding NCD issuance
Key Financial Highlights:
Not Specified
Corporate Actions:
Debenture Issuance Details:
- Type: Senior, secured, rated, listed, redeemable, transferable, non-convertible debentures
- Face Value: INR 1,00,000 (Indian Rupees One Lakh) per debenture
- Total Issue Size: Up to the Indian Rupees equivalent of USD 15 million
- Issuance Method: Private placement basis
- Listing: Proposed to be listed on Wholesale Debt Market Segment of BSE Limited
Tenure and Payment Structure:
- Tenure: 5 years from Deemed Date of Allotment
- Proposed Allotment Date: June 25, 2026 (or other date as per Transaction Documents)
- Proposed Maturity Date: June 25, 2031 (or other date as per Transaction Documents)
- Interest Payment: Semi-annually on the last day of each coupon period
- Principal Repayment: 5 equal instalments commencing from 1.5 years from date of allotment
Security Details:
- The debentures are secured by a first-ranking pari passu charge on all movable assets of the company
- Security created through a debenture trust deed between the company and the debenture trustee
Rating:
- The debentures are proposed to be rated by a SEBI registered credit rating agency
Other Significant Information:
- Interest rate to be determined in accordance with Transaction Documents
- May include currency and/or interest hedging agreements with investors
- The debentures will be issued in dematerialized form
- The issuance is approved by the Working Committee of Asset and Liabilities Committee of Board of Directors (WALCO)