Date: 8th October, 2026

Board Meeting Outcomes

  • Allotment of the third tranche of non-convertible debentures (NCDs) on a private placement basis, aggregating INR 50 Crores (Indian Rupees Fifty Crores Only).

Fundraising / Financing

Instrument Details:

  • Type of Security: Unlisted, secured, redeemable, non-convertible debentures (NCDs)
  • Type of Issuance: Private placement to eligible investors under Sections 42, 71, 179, 180(1)(a), 180(1)(c) and other applicable provisions of the Companies Act, 2013.
  • Total Tranche Size: INR 50 Crores (Tranche 3)
  • Total Approved Issue Size: INR 540 Crores (Indian Rupees Five Hundred Forty Crores)
  • Listing Status: Unlisted

Tranche Breakdown:

  • Junior Series A Debentures: 3000 (Three Thousand) debentures of face value INR 1,00,000 each, aggregating INR 30 Crores.
  • Senior Series A Debentures: 2000 (Two Thousand) debentures of face value INR 1,00,000 each, aggregating INR 20 Crores.

Financial Terms:

  • Junior Series Coupon: 19.40% per annum
  • Senior Series Coupon: 11.50% per annum

Tenure & Maturity:

  • Junior Series Tenure: Up to 31.05.2035
  • Senior Series Tenure: Up to 30.06.2033
  • Date of Allotment: Allotment shall be made within 3 days of receipt of funds in the respective tranche.

Security:

The Debenture Obligations are secured by a Security Interest created in favor of a Security Trustee for the benefit of the Debenture Holders. The security includes:

(a) Mortgage and charge on all assets comprised in the New Project, including all present and future immovable assets, movable fixed assets, movable non-current assets, and intangible assets (collectively, "New Project Assets").

(b) Mortgage and charge on all assets comprised in the Project, including all present and future immovable assets (including the Project Property), movable fixed assets, movable non-current assets, and intangible assets (collectively, "Project Assets").

(c) Charge over all current assets of the Issuer (present and future), including all receivables, accounts, and investments.

(d) Charge on all insurance contracts obtained by the Issuer, including any proceeds received thereunder.

(e) Pledge over the Pledged Securities (Issuer).

(f) Pledge over the Pledged Securities (Yash Agro Products Limited).

Allottee Details:

The sole allottee for Tranche 3 is Neo Special Credit Opportunities Fund II, a SEBI-registered Category II Alternative Investment Fund (Non-Promoters).

  • Junior Series Allotment: 3000 Debentures for INR 30.00 Crores
  • Senior Series Allotment: 2000 Debentures for INR 20.00 Crores
  • Grand Total Allotment: 5000 Debentures for INR 50.00 Crores

The allottee's registered office is at 903, B-Wing, 9th Floor, Marathon, Futurex, Mafatlal Mills Compound, N. M. Joshi Magar, Lower Parel, Mumbai - 400013. It is managed by its Investment Manager, Neo Alternative Asset Managers Private Limited (formerly known as Neo Asset Management Private Limited).

Other Terms:

Details for the following are specified to be "As per Debenture Documents": Special rights/privileges attached to the instrument, delay in payment of interest/principal, default in payment, details of any letter regarding payment/non-payment, and details of redemption. There is no cancellation or termination of the proposal.

Regulatory References:

The disclosure is made pursuant to Regulation 30 read with Schedule III of the SEBI Listing Regulations and SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Not Specified:

KMP / Board / Auditor Changes, Dividend Declaration, Financial Results, Auditor’s Report, Disinvestment / Strategic Actions, Media Release / Investor Communication.