The Board considered and approved two separate proposals for fundraising through the issuance of Non-Convertible Debentures (NCDs) on a private placement basis.
1. Secured NCD Issuance Approval
The Board approved the issuance of Secured, Unlisted, Redeemable Non-Convertible Debentures.
- Type: Secured, Unlisted, Redeemable Non-Convertible Debentures (NCDs)
- Issuance Method: Private placement to eligible investors
- Tranche Details: Tranche-V comprises 400 NCDs of ₹50,000 each
- Total Amount: ₹2,00,00,000 (Rupees Two Crore Only)
- Listing: Not proposed to be listed
- Tenure: 84 months
- Interest Rate: 12% per annum fixed, payable monthly
- Security: Secured by a first pari passu charge on identified receivables of the Company
- Allotment Date: The date of Board approval for allotment or another date determined by the Board
- Interest Accrual: From the Deemed Date of Allotment
- Redemption: At end of 84 months; details to be intimated during allotment
2. Unsecured NCD Issuance Approval
The Board approved the issuance of Unsecured, Unlisted, Redeemable Non-Convertible Debentures.
- Type: Unsecured, Unlisted, Redeemable Non-Convertible Debentures (NCDs)
- Issuance Method: Private placement to eligible investors
- Total Securities: 200 NCDs of ₹1,00,000 each
- Total Amount: ₹2,00,00,000 (Rupees Two Crores Only)
- Issuance Structure: To be issued in one or more Tranches
- Listing: Not proposed to be listed
- Tenure: 9 years
- Interest Rate: 12% per annum fixed, payable monthly
- Security: Unsecured (no charge over assets)
- Allotment Date: The date of Board approval for allotment or another date determined by the Board
- Redemption: At end of 9 years; details to be intimated during allotment