Key Quantitative Figures
- Total NCDs allotted: 10,000 debentures
- Face value per NCD: ₹1,00,000
- Total issue size: ₹100 Crore
- Issue price: At par (₹1,00,000 per NCD)
Approval and Listing Details
- Board approval obtained via circulation resolution on 18th September, 2026
- In-principle listing approval from BSE Limited dated 10th June, 2026
- NCDs proposed to be listed on BSE Limited
Instrument Terms and Conditions
Basic Structure:
- Type: Secured, listed, redeemable, rated non-convertible debentures
- Issuance: Private placement to identified eligible investors
- Tenure: 45 months from allotment date
- Allotment Date: 18th September, 2026
- Maturity Date: 18th June, 2030
Coupon Details:
- Coupon type: Floating rate
- Initial coupon rate: 8.00%
- Benchmark: FBIL 3M MIBOR-OIS (5.43% based on average of 9th, 10th, 11th September 2026)
- Spread: 2.57% over benchmark
- Coupon reset mechanism: Every 3 months based on 3M MIBOR-OIS as per subsequent fixing dates (1 day prior to reset date)
Security Features:
- Secured by first ranking, pari passu charge over hypothecated assets of the Company
- No special rights/privileges attached to the instrument
- No history of delay in payment of interest/principal (more than 3 months) or defaults
Redemption:
- Redemption Date: 18th June, 2030
- No cancellation or termination of issuance proposal
Payment Schedule
Detailed payment schedule for interest and principal redemption payments from October 2026 through June 2030 (60 payment instances as per Annexure A). Interest payments occur monthly with principal redemption occurring at maturity on 18th June, 2030.