Summary of Key Information:
Nature of Filing / Announcement: Outcome of Board Meeting under Regulation 30 of SEBI LODR Regulations
Date of Board Meeting / Approval: November 06, 2026
Corporate Actions:
The Board of Directors approved the issue and offer of Non-Convertible Debentures (NCDs) on a private placement basis for an aggregate amount not exceeding ₹75 crores (Rupees Seventy-Five crore only).
Key Terms of NCD Issuance:
- Type of Instrument: Plain Vanilla Debentures
- Total Size: INR 75 Crores
- Tenure: 366 days from the date of allotment of the Tranche 1 NCDs
- Coupon Rate: 12% per annum, payable on redemption of the NCDs
- Mode of Issue: Dematerialized form
- Listing Status: Unlisted
- Security: A first-ranking exclusive mortgage over the Bhiwandi Land, free from all encumbrances, in favor of the Debenture Trustee for the benefit of the Subscriber
- Purpose: Part of the monetization plan of the land owned by the Company
Additional Information:
- The issuance is subject to applicable statutory and regulatory approvals and compliances
- The meeting commenced at 10:30 AM and was still in progress at the time of this filing
- The outcome of remaining business will be intimated separately