Key Quantitative Figures

  • Number of NCDs Allotted: 100 (One Hundred)
  • Face Value per NCD: ₹5,00,000/- (Rupees Five Lakh)
  • Total Issue Size: ₹5,00,00,000/- (Rupees Five Crores)
  • Coupon Rate: 11.50% per annum
  • Tenure: 42 months

Dates of Action

  • Date of Allotment: August 07, 2026
  • Deemed Date of Allotment: August 07, 2026
  • Date of Maturity: February 07, 2030

Parties Involved

  • Issuer: Himatsingka Seide Limited
  • Authorized Signatory: Bindu D., Company Secretary & Compliance Officer
  • Regulatory References: SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026

Purpose or Rationale

The NCDs were issued on a private placement basis to eligible investors. The specific use of proceeds is not detailed in the disclosure.

Key Terms of the NCDs (Tranche 4 Series E)

Type of Issuance: Private placement

Listing Status: The debentures are unlisted and will not be listed on any stock exchange.

Interest Payment: The coupon of 11.50% p.a. is payable quarterly.

Principal Repayment: The principal will be repaid in three instalments at the end of 30 months, 36 months, and 42 months, respectively.

Default Interest: A penalty of 2% is applicable for delays in payment of interest/principal for more than three months from the due date.

Credit Rating: The instruments are unrated.

Security Details

Security for the NCDs includes:

  • 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 (present and future) of the Issuer located at its manufacturing plants in Hassan and Doddaballapur, Karnataka.
  • A negative lien over a land parcel admeasuring 4.85 acres located at Sy. No. 25, 17/1, 17/2 & 23 at its Hassan manufacturing facility.
  • An exclusive charge over the Subscription Escrow Account.
  • A Demand Promissory Note and Letter of Continuity.

Other Details

  • Special Rights: Not Applicable (NA)
  • History of Defaults: Nil
  • Cancellation: Not Applicable

The annexure confirms that all details required under the applicable SEBI regulations have been provided.