Correction Details

The original disclosure incorrectly stated the Board had approved issuance of 35,000 NCDs aggregating to ₹35,00,00,000 (Indian Rupees Thirty-Five Crores Only). The corrected details confirm approval for 50,000 NCDs aggregating to ₹50,00,00,000 (Indian Rupees Fifty Crores Only).

NCD Issuance Details

  • Type of Securities: Secured, Rated, Listed, Taxable, Transferable, Redeemable, Non-Convertible Debentures
  • Face Value: INR 10,000/- (Indian Rupees Ten Thousand Only) each
  • Total Issue Size: 50,000 NCDs aggregating to INR 50,00,00,000/- (Indian Rupees Fifty Crores Only)
  • Issue Structure:
  • Base Issue: 25,000 NCDs aggregating to INR 25,00,00,000/- (Indian Rupees Twenty-Five Crores Only)
  • Green Shoe Option: 25,000 NCDs aggregating to INR 25,00,00,000/- (Indian Rupees Twenty-Five Crores Only)
  • Issuance Method: Private placement basis
  • Listing: Proposed to be listed on BSE Limited

NCD Terms and Conditions

  • Tenure: 36 months from the Deemed Date of Allotment
  • Interest Rate: 13% per annum payable monthly
  • Allotment Date: To be done after closure of Bidding Time through Electronic Book Provider (EBP) on Settlement date, in compliance with SEBI Master Circular dated 15th October, 2025
  • Maturity Date: 36 months from Actual Date of Allotment
  • Principal Repayment Schedule:
  • 20% Repayment at the end of 32nd Month
  • 20% Repayment at the end of 33rd Month
  • 20% Repayment at the end of 34th Month
  • 20% Repayment at the end of 35th Month
  • 20% Repayment at the end of 36th Month
  • Default Interest: 3% per annum over and above the Coupon Rate on the default amount for delays exceeding three months

Unchanged Terms

All other terms and conditions of the proposed NCD issue, as approved by the Board of Directors and disclosed in the original Outcome of Board Meeting dated 17th August, 2026, remain unchanged.