Nature and Purpose of the Meeting

The Debenture Issuance, Allotment and Redemption Committee meeting was held to approve the issuance of Non-Convertible Debentures (NCDs) and related transaction documents.

Details of Resolutions Passed

The Committee approved the issuance of Secured, Redeemable, Unlisted, Unrated, Non-Convertible Debentures (NCDs) up to ₹10 Crore (Rupees Ten Crore Only) on a private placement basis.

The Company executed the Debenture Trust Deed and Deed of Hypothecation with Axis Trustee Services Limited as the Debenture Trustee on 12th September, 2026.

Financial Impact

Total capital raised: Up to ₹10,00,00,000/- (Rupees Ten Crore only) plus applicable interest, default interest, costs, charges, and expenses thereon.

Security and Collateral Details

The NCDs are secured by an exclusive floating charge over all present and future listed or unlisted shares & securities held as stock-in-trade and investments of the Company.

Key security terms:

  • Mandatory maintenance of minimum security cover of 1.25x on outstanding principal and accrued interest throughout the tenure
  • Filing of Form CHG-9 with the Registrar of Companies (ROC) required within 30 days of execution
  • Negative Pledge: The Company shall not create any further encumbrance, lien, or charge over the hypothecated assets without prior written consent of the Debenture Trustee
  • Standard acceleration and enforcement rights exercisable by the Trustee upon Event of Default

Timing of the Meeting

The Meeting commenced at 05:00 PM and concluded at 05:30 PM on 12th September, 2026.

Compliance References

Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Reference to SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026

Para B (5) of Annexure 18 of SEBI Master Circular

Additional Material Disclosures

  • The Debenture Trustee holds no equity shares or economic interest in the Company
  • The Company holds no shares in the Debenture Trustee
  • The Debenture Trustee is not related to the promoter, promoter group, or directors of the Company
  • Transaction does not qualify as related party transaction
  • No use of proceeds details mentioned in the document