Himatsingka Seide Limited has made a disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Part-A of Schedule III.
Allotment Details
- Date of Allotment: July 01, 2026
- Committee Approving: Securities Committee of the Board of Directors
- Instrument: Tranche 1 Series D Senior, Secured, Unlisted, Unrated, Redeemable, Taxable, Non-Convertible Debentures
- Number of NCDs Allotted: 300 (Three Hundred)
- Face Value per NCD: ₹5,00,000/- (Rupees Five Lakh only)
- Issue Price: At par
- Total Issue Size: ₹15,00,00,000/- (Rupees Fifteen Crores only)
- Denomination: Indian Rupees (Rs.)
Key Terms of the NCDs
- Tenure: 42 months from the deemed date of allotment
- Maturity Date: January 01, 2030
- Coupon/Interest Rate: 11.50% per annum
- Interest Payment Frequency: Payable quarterly
- Principal Repayment Schedule: Repaid in three instalments at the end of 30 months, 36 months, and 42 months, respectively.
Security Details
The NCDs are secured by the following:
1. A first pari passu charge by way of a registered/equitable mortgage and a deed of hypothecation over the entire immovable and movable fixed assets of the Issuer, both present and future, located at the manufacturing plants in Hassan and Doddaballapur, Karnataka.
2. A negative lien over land admeasuring 4.85 acres located at Sy No. 25, 17/1, 17/2 & 23 at its manufacturing facility in Hassan.
3. An exclusive charge over the Subscription Escrow Account.
4. A Demand Promissory Note and Letter of Continuity.
Default Provisions
A delay in payment of interest or principal amount for more than three months from the due date, or a default in payment, will attract a penalty of 2%.
Other Disclosures
- There are no special rights, interests, or privileges attached to the instrument.
- There are no history of comments regarding payment/non-payment of interest or principal.
- The proposal for issuance has not been cancelled or terminated.
- The securities are unlisted.