Pakka Limited disclosed the allotment of the first tranche of non-convertible debentures (NCDs) following approval by the Fundraising Committee of the Board of Directors at its meeting held on 2nd June, 2026, which commenced at 09:30 a.m. and concluded at 10:45 a.m.

Key Quantitative Figures

  • Total Tranche 1 Allotment: ₹375 Crores (Indian Rupees Three Hundred Seventy Five Crores Only)
  • Junior Series: 22,500 debentures of face value ₹1,00,000 each, aggregating ₹225 crores
  • Senior Series: 15,000 debentures of face value ₹1,00,000 each, aggregating ₹150 crores
  • Total Approved Issue Size: ₹540 Crores (Indian Rupees Five Hundred Forty Crores)
  • Junior Series Coupon Rate: 19.40% per annum
  • Senior Series Coupon Rate: 11.40% per annum

Dates of Action

  • Board Meeting Approval: 26th May, 2026 (for total issue of ₹540 crores)
  • Fundraising Committee Meeting: 2nd June, 2026
  • Allotment Date: 2nd June, 2026
  • Maturity Dates: Junior Series - up to 31.05.2035; Senior Series - up to 30.09.2033

Parties Involved

  • Issuer: Pakka Limited
  • Allottees: Neo Prime Fund and Neo Core Fund (SEBI-registered Category II Alternative Investment Funds)
  • Investment Manager: Neo Alternative Asset Managers Private Limited (formerly known as Neo Asset Management Private Limited)
  • Security Trustee: Not named in disclosure

Security Details

The Debenture Obligations are secured by comprehensive security interest including:

  • Mortgage and charge on all assets comprised in the New Project (immovable and movable assets, both present and future)
  • Mortgage and charge on all assets comprised in the Project (including Project Property)
  • Charge over all current assets of the Issuer (present and future)
  • Charge on all insurance contracts obtained by the Issuer
  • Pledge over the Pledged Securities (Issuer)
  • Pledge over the Pledged Securities (Yash Agro Products Limited)

Allotment Details

Junior Series A Debentures (19.40% p.a.):

  • Neo Core Fund: 21,800 debentures, ₹218.00 crores

Senior Series A Debentures (11.40% p.a.):

  • Neo Prime Fund: 700 debentures, ₹7.00 crores
  • Neo Core Fund: 14,300 debentures, ₹143.00 crores

Total Allotment: 37,500 debentures, ₹375.00 crores

The securities are unlisted and issued on a private placement basis to eligible investors. The disclosure is also available on the company website at https://www.pakka.com.