Date: 01.08.2026

Board Meeting Outcomes

  • Operations and Finance Committee approved shelf prospectus and Tranche I prospectus for public NCD issue on July 31, 2026
  • Approved public issuance of up to 30,00,000 secured, rated, listed, redeemable non-convertible debentures of face value ₹1000 each
  • Total issue size: ₹15,000 lakh base issue with option to retain oversubscription up to ₹15,000 lakh (aggregating ₹30,000 lakh)
  • Within overall shelf limit of ₹90,000 lakh approved by Board on May 10, 2026

Fundraising Details

  • Instrument: Secured, rated, listed, redeemable non-convertible debentures
  • Face value: ₹1,000 per NCD
  • Base issue size: ₹15,000 lakh (₹150 crore)
  • Green shoe option: ₹15,000 lakh (₹150 crore)
  • Total tranche size: ₹30,000 lakh (₹300 crore)
  • Shelf limit: ₹90,000 lakh (₹900 crore)
  • Issue open date: August 7, 2026 (Friday)
  • Issue closing date: August 20, 2026 (Thursday)
  • Listing exchange: BSE Limited (designated stock exchange)

Security Details

  • Secured by exclusive charge by way of hypothecation on loan receivables of the company
  • Security cover: Minimum 1.10 times the entire secured obligations throughout tenure
  • Security to be created upfront prior to listing application and perfected within 30 days from creation

NCD Terms and Features

Series I (18 months):

  • Coupon: 9.00% per annum
  • Effective yield: 9.38% per annum
  • Maturity: 18 months from deemed date of allotment

Series II (24 months):

  • Coupon: 9.15% per annum
  • Effective yield: 9.53% per annum
  • Maturity: 24 months from deemed date of allotment

Series III (36 months):

  • Coupon: 9.50% per annum
  • Effective yield: 9.92% per annum
  • Maturity: 36 months from deemed date of allotment

Series IV (36 months):

  • Coupon: 9.92% per annum
  • Effective yield: 9.91% per annum
  • Maturity: 36 months from deemed date of allotment

Series V (60 months):

  • Coupon: 10.00% per annum
  • Effective yield: 10.46% per annum
  • Maturity: 60 months from deemed date of allotment

Application Details

  • Minimum application: ₹1,000 (1 NCD)
  • Multiple: ₹1,000 (1 NCD) thereafter
  • For larger applications: ₹10,000 (10 NCDs) and in multiples of ₹1,000 (1 NCD)

Interest Payment Modes

  • Annual interest payment: Paid on each anniversary of deemed date of allotment
  • Monthly interest payment: Paid on the 10th/first date of every month
  • First monthly payment: Interest from deemed date of allotment till last day of subsequent month clubbed and paid on 10th/first day of next month