This is a regulatory disclosure submitted to BSE Limited and the National Stock Exchange of India Limited under SEBI Listing Regulations 30 and 51, and Para A of Part A of Schedule III.
Nature of the Event
The company has allotted Non-Convertible Debentures (NCDs) on a private placement basis. This action was approved by the Loans and Advance Committee at its meeting held on June 23, 2026. The issuance was based on the approval from the Board of Directors granted on May 7, 2026, and the in-principle approval from BSE Limited dated May 18, 2026.
Key Quantitative Figures and Terms
- Total Allotment: 2,000 (Two Thousand) NCDs.
- Face Value: INR 1,00,000 (Indian Rupees One Lakh) per NCD.
- Issue Price: Issued at a discount of INR 2,000 per NCD, making the effective issue price INR 98,000 per NCD.
- Aggregate Issue Size: INR 20,00,00,000 (Indian Rupees Twenty Crore).
- Coupon/Interest Rate: 11.75% per annum, subject to deduction of tax at source.
- Interest Payment Schedule: Monthly.
- Tenor: 27 months. The allotment is a reissuance under the existing ISIN INE545L07044, which has an original tenor of 30 months.
- Date of Allotment: June 23, 2026.
- Date of Maturity: September 23, 2028.
Security Details
The NCDs are secured by way of a first ranking, exclusive, and continuing charge on identified receivables. The value of the charged receivables shall at all times be equal to or exceed 1.20 times (120%) of the aggregate principal amount outstanding.
Other Conditions
- Type of Instrument: Secured, Listed, Rated, Taxable, Transferable, Redeemable, Non-Convertible Debentures.
- Listing: The NCDs are proposed to be listed on BSE Limited.
- Special Rights/Privileges: None.
- History of Defaults: Not Applicable (no delay in payment of interest/principal for more than three months from the due date).
- Comments from Authorities: Not Applicable (no letters or comments regarding payment/non-payment).