Key Event Details
- Date of Allotment: August 28, 2026
- Instrument Allotted: Tranche 5 Series E Unlisted, Senior, Secured, Unrated, Redeemable, Taxable Transferable Non-Convertible Debentures
- Number of Instruments Allotted: 500 NCDs
- Face Value per NCD: ₹5,00,000 (Rupees Five Lakh)
- Total Issue Size: ₹25,00,00,000 (Rupees Twenty-Five Crores)
- Issue Price: At par
- Placement Method: Private placement to eligible investors
- Listing Status: Unlisted
Financial Terms
- Coupon Rate: 11.50% per annum
- Interest Payment Frequency: Quarterly
- Tenure: 42 months from the deemed date of allotment
- Maturity Date: February 28, 2030
- Principal Repayment Schedule: Three instalments at the end of 30 months, 36 months, and 42 months respectively
- Default Interest Rate: 2% for delays in payment of interest/principal beyond three months from due date
Security Details
The NCDs are secured by:
1. First pari passu charge by way of registered/equitable mortgage and deed of hypothecation over the entire immovable and movable fixed assets (present and future) of the Issuer located at manufacturing plants in Hassan and Doddaballapur, Karnataka.
2. Negative lien over land admeasuring 4.85 acres located at Sy No. 25, 17/1, 17/2 & 23 at the Hassan manufacturing facility.
3. Exclusive charge over the Subscription Escrow Account.
4. Demand Promissory Note and Letter of Continuity.
Additional Information
- No special rights/privileges are attached to the instrument.
- No history of payment delays or defaults on previous instruments (Nil comments regarding payment/non-payment).
- The proposal for issuance has not been cancelled or terminated.