Nature and Purpose of the Meeting

The Finance Committee meeting was convened to approve the allotment of non-convertible debentures (NCDs) on a private placement basis. The meeting was held pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of Resolutions Passed

The committee approved the allotment of 1,00,000 (One Lakh) senior, unsecured, rated, listed, redeemable, non-convertible debentures. Each debenture has a face value of INR 1,00,000 (Indian Rupees One Lakh only), resulting in an aggregate principal amount of INR 10,00,00,00,000 (Indian Rupees One Thousand Crores only).

Financial Impact

The total capital raised through this issuance is INR 1,000 crore. The debentures carry a coupon rate of 8.15% per annum, payable annually. The issuance is unsecured, meaning no charge or security has been created over any assets.

Timing of the Meeting

The meeting commenced at 16:00 p.m. IST and concluded at 16:10 p.m. IST on September 10, 2026, lasting 10 minutes.

Compliance References

The disclosure is made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Para A of Part A of Schedule III of these regulations. Reference is also made to SEBI master circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, as amended from time to time.

Additional Material Disclosures

  • The debentures have a tenure of 36 months from the deemed date of allotment
  • Date of allotment: September 10, 2026
  • Date of maturity: September 10, 2029
  • The debentures will be listed on the Wholesale Debt Market segment of BSE Limited
  • No special rights, interests, or privileges are attached to the debentures beyond standard terms
  • Default interest provisions: 2% per annum over the coupon rate for delayed payments or events of default
  • The document explicitly states there are no comments regarding payment/non-payment matters

Information Not Covered

The document does not specify:

  • The specific use of proceeds from the debenture issuance
  • The identities of the eligible investors in the private placement
  • Any financial covenants or restrictions associated with the debentures