Key Quantitative Figures

  • Total Issue Size: ₹190,00,00,000 (One Hundred Ninety Crore Rupees)
  • Number of Instruments: 19,000 Secured, Unlisted, Redeemable, Rated Non-Convertible Debentures (NCDs)
  • Face Value per NCD: ₹1,00,000 (One Lakh Rupees)
  • Security Cover: 1.10 (one point ten times) to be maintained at all times during the tenure

Instrument Details

  • Type: Secured, Unlisted, Redeemable, Rated Non-Convertible Debentures
  • Issuance Method: Private Placement
  • Listing Status: Unlisted
  • Tenure: 5 (Five) years from the Deemed Date of Allotment
  • Deemed Date of Allotment: September 24, 2026
  • Date of Maturity: September 24, 2031 (final redemption date)

Coupon & Payment Schedule

  • Coupon Rate: Floating rate of One Month MIBOR OIS + a Spread of 2.20% per annum
  • Coupon Payment Frequency: Monthly
  • Coupon Payment Commencement: Last day of each month commencing from the Deemed Date of Allotment (September 24, 2026)

Redemption Schedule

The principal amount of ₹190 crore is scheduled to be redeemed in 16 unequal installments, with the final installment including the last principal payment:

| Installment No. | Due Date | Amount (₹) |

| 1 | December 31, 2027 | 11,87,50,000 |

| 2 | March 31, 2028 | 11,87,50,000 |

| 3 | June 30, 2028 | 11,87,50,000 |

| 4 | September 30, 2028 | 11,87,50,000 |

| 5 | December 31, 2028 | 11,87,50,000 |

| 6 | March 31, 2029 | 11,87,50,000 |

| 7 | June 30, 2029 | 11,87,50,000 |

| 8 | September 30, 2029 | 11,87,50,000 |

| 9 | December 31, 2029 | 11,87,50,000 |

| 10 | March 31, 2030 | 11,87,50,000 |

| 11 | June 30, 2030 | 11,87,50,000 |

| 12 | September 30, 2030 | 11,87,50,000 |

| 13 | December 31, 2030 | 11,87,50,000 |

| 14 | March 31, 2031 | 11,87,50,000 |

| 15 | June 06, 2031 | 11,87,50,000 |

| 16 | September 24, 2031 | 11,87,50,000 + 190,00,00,000.00 |

Security Details

The NCDs are secured by:

(a) A first ranking pari passu charge by way of mortgage over the immoveable fixed assets of the Company, both present and future; and

(b) A first ranking pari passu charge by way of hypothecation over the moveable fixed assets of the Company, both present and future.

Special Features

  • Call/Put Option: Available at the end of 3 years from the deemed date of allotment (September 24, 2029)
  • Call/Put Price: At par

Default Provisions

In case of default of payment of any amount payable by the Company on its due date, an additional interest of 2% (two per cent) per annum, over and above the Coupon Rate, shall be payable.