Nature and Purpose of the Meeting

The Non-convertible Debenture Committee meeting was held to consider and approve the Prospectus for the Public Issuance of Secured, Rated, Listed, Redeemable, Non-Convertible Debentures.

Details of Resolutions Passed

The Committee approved:

  • Public Issuance of Secured, Rated, Listed, Redeemable, Non-Convertible Debentures of face value of ₹1,000 each
  • Base Issue Size: Up to ₹7,500 Lakh (₹75 crore)
  • Green Shoe Option: Option to retain oversubscription up to ₹7,500 Lakh
  • Total Issue Size: Up to 15,00,000 NCDs aggregating up to ₹15,000 lakh (₹150 crore)
  • The NCDs have been rated 'ICRA A Stable' by ICRA Limited for up to ₹51,279 Lakh

Financial Impact

Total capital raising potential of up to ₹150 crore through NCD issuance.

Timing of the Meeting

The Committee Meeting commenced at 6:00 pm and concluded at 6:30 pm on September 28, 2026.

Compliance References

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Regulation 30)
  • SEBI Master Circular SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated October 15, 2025
  • Prospectus to be filed with Registrar of Companies, National Capital Territory Delhi and Haryana, SEBI and BSE Limited

Security Details

The NCDs will be secured by:

  • Pari passu charge over Trade Receivables and MTF of the Company
  • Minimum security cover of 110% of outstanding principal amounts and interest
  • Security created in favour of Debenture Trustee
  • NCDs will rank pari passu without preference except by redemption date priority

Listing Details

  • NCDs proposed to be listed on BSE Limited
  • In-Principle approval received from BSE (Reference: DCS/AA/PI-BOND/13/26-27 dated September 18, 2026)
  • BSE Limited shall be the Designated Stock Exchange for this Issue

Other Material Disclosures

  • Tenor, Coupon, Redemption details specified in Prospectus dated September 28, 2026
  • No special rights/privileges attached to the instrument
  • No history of delay in payment of interest/principal beyond three months
  • No outstanding letters/comments regarding payment/non-payment issues
  • Deemed Date of Allotment will be the date of committee approval for allotment