Ballarpur Industries Limited has made a disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding the allotment of Non-Convertible Debentures (NCDs).
This disclosure is a follow-up to the company's intimation dated 14th July, 2026, wherein the Board of Directors had approved the issuance of Listed Rated Unsecured Redeemable Non-Convertible Debentures aggregating up to ₹100 Crore on a private placement basis.
Allotment Details
The Board of Directors of the Company, by way of Circulation, has allotted 5,750 Listed, Rated, Unsecured, Redeemable, Non-Convertible Debentures (NCDs). Each NCD has a face value of ₹1,00,000 (Indian Rupees One Lakh Only), resulting in a total allotment of ₹57,50,00,000 (Indian Rupees Fifty-Seven Crores Fifty Lakhs Only).
Instrument Characteristics
- Type of Security: Listed, Rated, Unsecured, Redeemable, Non-Convertible Debentures
- Type of Issuance: Private Placement through online bidding process on BSE EBP Platform
- Face Value: ₹100,000 per NCD
- Total Issue Size: ₹57.5 Crore (5,750 NCDs)
- Listing: The NCDs are proposed to be listed on BSE Limited (BSE)
- Tenure: 3 years
- Date of Allotment: 21st September, 2026 (implied)
- Date of Maturity: 21st September, 2029
- Coupon/Interest: Zero Coupon
- Security: Unsecured (No charge/security created over assets)
- Special Rights: Not Applicable
Investors
The NCDs were allotted on a private placement basis to two investors:
1. Infotel Technologies Private Limited
2. Belgrave Investment Fund
Payment Terms and Default Provisions
In case of default (including delay) in payment of interest and/or principal redemption on due dates, additional interest at 2% per annum over the Coupon Rate will be payable by the Issuer for the defaulting period. Since these are zero-coupon instruments, the default provision would apply specifically to principal repayment.