Board Meeting Details

The Board of Directors meeting was held on Wednesday, 29th July 2026 from 03:00 PM to 05:00 PM.

Agenda Items Approved

1. Redemption of Existing NCDs

The Board took note of the redemption of 95% of the Secured, Rated, Listed, Non-Convertible Debentures with the following specifics:

  • Face value: ₹1,00,000 (Indian Rupees One Lakh) each
  • Total redemption amount: ₹23,75,00,000 (Indian Rupees Twenty-Three Crores Seventy-Five Lakhs)
  • Redemption conducted in accordance with the terms and conditions of the original issue

2. New NCD Issuance

The Board approved the issuance of new Secured, Rated, Listed, Non-Convertible Debentures through private placement:

  • Number of units: 30,000 (Thirty Thousand)
  • Face value per unit: ₹10,000 (Indian Rupees Ten Thousand)
  • Total issue size: ₹30,00,00,000/- (Indian Rupees Thirty Crores)
  • Disclosure made under Regulation 30 read with Clause 2 of Para A of Part A of Schedule III of SEBI Listing Regulations
  • Reference to SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026

Additional NCD Details from Annexure-I

Security Characteristics:

  • Type: Secured, Rated, Listed, Non-Convertible Debentures (NCD)
  • Issuance method: Private Placement
  • Listing: Proposed to be listed on BSE Limited

Terms & Structure:

  • Tenure: 370 days from Deemed Date of Allotment
  • Allotment process: To be done after closure of Bidding Time through Electronic Book Provider (EBP) on Settlement date, in compliance with Master Circular SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated 15th October 2025
  • Maturity date: 370 days from Actual Date of Allotment
  • Interest rate: 14% per annum payable Monthly
  • Interest payment schedule: Monthly
  • Principal repayment schedule: 99% at the end of 6th Month, 1% at Maturity

Security Coverage:

  • Security cover: 1.25x (One Point Two Five Times) the outstanding principal amount
  • Coverage includes: Principal amount, all accrued interest (including interest accrued up to ensuing month-end), default interest (if any), remuneration payable to Debenture Trustee, all charges, fees, costs, expenses, and all other monies payable
  • Security type: First-ranking and exclusive charge over company's present and future receivables
  • Security status: Receivables shall be free from any encumbrance, charge, lien, or any other third-party security interest

Default Terms:

  • Delay in payment penalty: 2% per annum over and above the Coupon Rate for delays exceeding three months from due date

Special Features:

  • No special rights/interest/privileges attached to the instrument
  • No comments regarding payment/non-payment of interest or principal on previous securities
  • No details of preference share redemption

3. Trustee Appointment

The Board appointed Catalyst Trusteeship Limited as Trustee for the issuance of 30,000 units of Secured, Rated, Listed, Non-Convertible Debentures.

4. Merchant Banker Appointment

The Board appointed Credora Partners Private Limited as Merchant Banker for the issuance of 30,000 units of Secured, Rated, Listed, Non-Convertible Debentures.

Compliance & Signatory

The disclosure was signed by Abhimanyu, Company Secretary & Compliance Officer (Membership No. 49176) on 29th July 2026 at 17:12:06 +05:30.