Date: 28th September 2026

Board Meeting Outcomes

  • Finance Committee approved allotment of 50,000 Unsecured, Listed, Rated, Taxable, Redeemable Non-Convertible Debentures (NCDs)
  • Face value: ₹1,00,000 (Rupees One Lakh) per NCD
  • Total issue size: ₹500 Crores (Rupees Five Hundred Crores only)
  • Approval follows board resolution dated 28th January 2025 for raising funds up to ₹3,000 crores

Fundraising Details

Instrument Type: Non-Convertible Debentures

Issuance Type: Private placement

Listing Status: Listed on BSE Limited

Tenure: 7 years

Allotment Date: 28th September 2026

Maturity Date: 28th September 2033

Coupon Rate: Benchmark rate (7.85%) + Spread (0.05%); Present effective 7.90%

Interest Payment Schedule: Semi-annual payments on:

  • 28th March 2027
  • 28th September 2027
  • 28th March 2028
  • 28th September 2028
  • 28th March 2029
  • 28th September 2029
  • 28th March 2030
  • 28th September 2030
  • 28th March 2031
  • 28th September 2031
  • 28th March 2032
  • 28th September 2032
  • 28th March 2033
  • 28th September 2033

Principal Repayment Schedule: Staggered redemption at par:

  • 28th September 2031: ₹33,333.33 per NCD
  • 28th September 2032: ₹33,333.33 per NCD
  • 28th September 2033: ₹33,333.34 per NCD

Security: Unsecured (no charge created over assets)

Special Rights: Nil

Default History: Not Applicable (no history of payment delays)

Redemption: At par (face value redemption)