The Board considered and approved the issuance of Unsecured, Unlisted, Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The disclosure was made in accordance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Key Details of the NCD Issuance:
- Type of Security: Unsecured, Unlisted, Redeemable Non-Convertible Debentures (NCDs)
- Type of Issuance: Private Placement to eligible investors
- Total Issue Size: 600 NCDs of ₹1,00,000 each, aggregating to ₹6,00,00,000 (Rupees Six Crores Only)
- Tranche Structure: The issuance is to be completed in one or more tranches.
- Listing: The NCDs will not be listed on any stock exchange.
- Tenure: 9 years. The specific date of allotment and maturity will be the date approved by the Board for allotment or another date determined by the Board and notified to the Designated Stock Exchange.
- Coupon/Interest Rate: 12% per annum, fixed rate.
- Interest Payment Schedule: Payable on a monthly basis.
- Security: The NCDs are unsecured; no charge/security is being created over any assets.
- Redemption: The debentures will be redeemed at the end of the 9-year tenure. Further details on the manner of redemption are to be intimated during the allotment intimation.
- Special Rights/Privileges: Not Applicable
- History of Defaults/Delays: Not Applicable
The disclosure was signed by Urmi Mohan Joiser, Company Secretary, Compliance Officer & Chief Operating Officer (Membership No.: A63113), from the company's registered office in Navi Mumbai.