Nature and Purpose of the Meeting
The Debenture Issue and Allotment Committee of the Board of Directors met to approve the issuance of Non-Convertible Debentures (NCDs) through private placement.
Details of Resolutions Passed
- Approved issuance of Senior, Secured, Rated, Listed, Redeemable, Taxable, Transferrable, Non-Convertible Debentures up to ₹100 Crores (Rupees One Hundred Crores)
- Issuance to be on Private Placement basis
- Debentures carry the existing rating of 'AA' (restored to 'AA')
- Coupon rate clarification: In no circumstance shall the coupon rate go below the initial Coupon Rate
- Default interest rate: 2% p.a. over and above the Coupon Rate per annum applicable if the Issuer fails to make interest or principal payments for more than three months from the due date
Financial Impact
- Total capital raising approved: Up to ₹100 Crores
Timing of the Meeting
- Meeting Date: Tuesday, August 18, 2026
- Commencement Time: 10:00 a.m.
- Conclusion Time: 11:00 a.m.
Compliance References
- Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
- SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
Other Material Disclosures
- Details of redemption of preference shares: As per terms mutually agreed between the parties
- No letter or comments regarding payment/non-payment of interest, principal on due dates, or any other matter concerning the security/assets (Not Applicable)