The Administrative Committee of Directors, authorized by the Board of Directors, approved the allotment via circular resolution on 17th July 2026. The approval followed successful bidding at the NSE EBP Platform and was made post remittance of the subscription amount by the Identified Investors, in accordance with the Operational Guidelines for NSE Electronic Bidding Platform.
Key Details of NCD Issuance:
Instrument Type: Senior, Rated, Unsecured, Listed, Redeemable, Non-Convertible Debentures
Issuance Method: Private Placement
Total Number Issued: 50,000 NCDs
Face Value: INR 1,00,000 (One Lakh) per NCD
Aggregate Issue Size: Rs. 500,00,00,000 (Rupees Five Hundred Crores Only)
Premium: Rs. 85,000 (Rupees Eighty Five Thousand)
Listing: Yes, on the National Stock Exchange of India Limited
Tenure: 36 Months
Allotment Date: 17th July 2026
Maturity Date: 17th July 2029
Coupon Rate: 7.30% per annum payable annually
Payment Schedule:
- 1st Coupon Payment Date: 17th July 2027
- 2nd Coupon Payment Date: 17th July 2028
- 3rd Coupon Payment Date: 17th July 2029
- Principal Redemption Date: 17th July 2029 (subject to Early Redemption Date)
Additional Terms:
- Charge/Security: Not Applicable (Unsecured)
- Special Rights/Privileges: Not Applicable
- Default Interest: 2% per annum on outstanding principal amount over and above the Coupon Rate, applicable after a cure period of more than three months from due date
- Redemption Details: Not Applicable
- Cancellation/Termination: Not Applicable
The disclosure references SEBI master circular number SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 for compliance with SEBI Listing Regulations.
The letter was signed by K S Srinivasan, Company Secretary, and digitally dated 20th July 2026 at 22:32:23 +05'30'.