Approval Details
The Management Committee, authorized by the Board of Directors, approved the NCD issuance at its meeting held on Friday, 21st August, 2026. The meeting started at 4:30 PM IST and concluded at 5:45 PM IST.
Instrument Details
- Type: Rated, Listed, Senior, Unsecured, Transferable, Redeemable, Taxable Non-Convertible Debentures
- Face Value: ₹1,00,000 (One Lakh) per NCD
- Total Issue Size: Up to 5,000 NCDs aggregating ₹50,00,00,000 (Fifty Crores)
- Structure: Base issue size of ₹25,00,00,000 (Twenty Five Crores) with green shoe option of up to ₹25,00,00,000 (Twenty Five Crores)
- Placement Basis: Private placement
Listing and Tenure
- Listing: Proposed to be listed on the Wholesale Debt Market Segment of BSE Limited
- Tentative Allotment Date: September 7, 2026*
- Tentative Maturity Date: September 7, 2029* (3 years from deemed allotment date)
- *Dates are tentative
Financial Terms
- Coupon Rate: 11.50% per annum
- Interest Payment: Payable half-yearly
- Principal Redemption: At par on maturity date
- Call Option: Company can exercise call option after 24, 27, 30, and 33 months from allotment
Security and Rights
- Security: Unsecured (no charge created over assets)
- Special Rights: Call option exercisable by company as per transaction documents
- Default Interest: 2% per annum over applicable coupon rate for delays exceeding three months
Additional Information
No existing comments or letters regarding payment/non-payment of interest or principal. No special privileges beyond the call option feature.