The Board considered and approved the following agenda items:
1. NCD Issuance Approval
- Approval for issuance of 75,000 units of Secured, Rated, Listed, Non-Convertible Debentures
- Face Value: ₹10,000 per unit
- Total Issue Size: ₹75,00,00,000 (Seventy-Five Crores)
- Issuance Method: Private placement basis
2. Trustee Appointment
- Appointment of Catalyst Trusteeship Limited as Trustee for the NCD issuance
3. Merchant Banker Appointment
- Appointment of Credora Partners Private Limited as Merchant Banker for the NCD issuance
Detailed NCD Terms (Annexure-I Disclosure)
Security Type: Secured, Rated, Listed, Non-Convertible Debentures (NCD)
Issuance Type: Private Placement
Total Units: 75,000 (Seventy-Five Thousand) units
Face Value: ₹10,000 per unit (Indian Rupees Ten Thousand Only)
Total Amount: ₹75,00,00,000/- (Indian Rupees Seventy-Five Crores Only)
Listing: Proposed to be listed on BSE Limited
Tenure: 15 months from the Deemed Date of Allotment
Allotment Date: To be done after closure of Bidding Time on Settlement date, in compliance with SEBI Master Circular dated 15th October, 2025
Maturity Date: 15 months from Actual Date of Allotment
Interest Rate: 12.00% per annum
Interest Payment Schedule: Monthly
Principal Payment Schedule: Quarterly
Security Cover: 1.25x (One Point Two Five Times) of amounts outstanding under Debentures (including principal and interest)
Security Type: First ranking and exclusive charge of 1.25x over receivables (including present and future receivables) which are free from any encumbrances/charge/lien
Special Rights/Privileges: None
Default Interest: 2% per annum over and above the Coupon Rate for delays in payment of interest/principal for more than three months from due date
Regulatory References: Disclosure made under Regulation 30 read with Clause 2 of Para A of Part A of Schedule III of SEBI Listing Regulations and SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026