Key Approval Details
- Approving Authority: National Stock Exchange of India Limited (NSE)
- Approval Reference Number: NSE/LIST/11088
- Approval Date: November 09, 2026
- Security Type: Non-Convertible Securities to be issued on private placement basis
- Issue Structure: To be issued in various tranches
- Application Reference: General Information Document dated November 06, 2026
Conditions of Approval
The in-principle approval is subject to the following conditions:
- The company must submit a valid credit rating letter/rationale covering the total issuance amount under the Key Information Document prior to opening of the issue and at the time of listing
- Securities may be listed only after allotment process is completed and the issuer fulfills all listing requirements of the Exchange
- Compliance with all applicable guidelines including SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021 as amended, applicable SEBI Circulars, and other applicable laws
- Specific compliance with Para 1 of Chapter XV of SEBI Operational Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021
Electronic Book Platform Requirement
The company must upload details of the issue with any one of the EBPs within one working day of allotment of securities using the platform at https://www.nse-ebp.com/
Validity Period
The in-principle approval is valid for a period of one year from the date of opening of the first issue of securities under this General Information Document. The first issue must be opened within one year from the date of the approval letter (November 09, 2026).