Nature of the Event
The Debenture Allotment Committee of the Company, at its meeting held on 9 October 2026, allotted Secured Redeemable Non-Convertible Debentures on a private placement basis.
Key Quantitative Figures
The committee allotted 51,000 NCDs at a face value of ₹1,00,000 (Rs. 1 Lakh) per NCD. The total allotment aggregates to ₹510.86 crore, which includes discount and accrued interest.
Dates of Action
The meeting for the allotment was held on 9 October 2026. The meeting commenced at 11:35 hours and concluded at 11:55 hours.
Instrument Details
- Tenure: 1127 Residual Days
- Date of Allotment: 9 October 2026
- Date of Maturity: 9 November 2029
- Coupon/Interest: 7.78% per annum
- Coupon Payment Schedule: The first coupon payment is scheduled for 9 November 2026, followed by annual payments on 9 November 2027, 9 November 2028, and the final payment of principal and interest on the maturity date, 9 November 2029.
Listing Status
The Debentures are proposed to be listed on the Wholesale Debt Market (WDM) Segment of BSE Limited.
Security Details
The repayment of the debentures, interest, Trustees' remuneration, and all other related monies will be secured by a first pari-passu charge on the company's book debts/loan receivables. The security cover is stipulated to not be less than 1.00 time the aggregate outstanding value of the debentures issued under the relevant Shelf Placement Memorandum.
Other Terms
- There are no special rights, interests, or privileges attached to the instrument.
- There has been no delay or default in payment of interest or principal for any previous instruments.
- There are no outstanding letters or comments regarding payment/non-payment.
- The debentures are redeemable at maturity.