Board Meeting Details

The Board of Directors meeting was held on Wednesday, 12th August, 2026, commencing at 10:30 a.m. and concluding at 11:10 a.m.

Key Decision Approved

The Board approved the issuance of up to 7,500 (Seven Thousand Five Hundred) Senior, Secured, Rated, Listed, Transferable, Redeemable, Taxable Non-Convertible Debentures (NCDs) with a face value of ₹1,00,000 (Rupees One Lac) each, aggregating up to ₹75,00,00,000 (Rupees Seventy Five Crores). The issuance will be conducted on a private placement basis.

Instrument Details

  • Type: Senior, Secured, Rated, Listed, Transferable, Redeemable, Taxable Non-Convertible Debentures
  • Issue Type: Private Placement to all eligible investors
  • Total Number: Up to 7,500 NCDs
  • Face Value: ₹1,00,000 per NCD
  • Total Issue Size: ₹75 crores, to be issued in one or more tranches as mutually agreed
  • Listing: Yes, on the Wholesale Debt Market Segment of BSE Limited
  • Tenure: 18 months from the date of allotment
  • Proposed Allotment Date: 17th August, 2026 (with note that actual allotment may occur on a different date subject to completion of requirements)
  • Proposed Maturity Date: 17th February, 2028 (with note that actual maturity date depends on actual allotment date)
  • Coupon Rate: 10.00% per annum
  • Interest Payment Schedule: Quarterly
  • Principal Repayment: Bullet payment on maturity

Security Details

The NCDs will be secured to the extent of 1.1x (Security Cover) backed by:

1. First ranking and exclusive mortgage created by Dishman Infrastructure Limited (DIL) over non-agriculture land located at Survey Numbers (new) 744, 740, 745, 288/3, 1381, 1379, 1401 and 1377/1, totaling 1,71,476 square meters in Mouje: Gangad/Kalyangadh, Taluka: Bavla, District: Ahmedabad.

2. Unconditional and irrevocable corporate guarantee from DIL (to the extent of the value of the mortgaged property) in favor of the Debenture Trustee.

3. Demand promissory note and letter of continuity.

4. Such other security(ies) as may be mutually agreed between the Company and holders of Debentures.

Special Rights and Privileges

None attached to the instrument.

Default and Payment History Details

Not Applicable - No history of delay in payment of interest/principal for more than three months or default in payment.

Redemption Details

Bullet payment of principal on maturity after 18 months tenure.