Issuance of Unlisted, secured, unrated, redeemable, fully paid-up Non- Convertible debentures on Private Placement basis.
ARIHANT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Arihant Foundations & Housing Ltd has approved the issuance of 1,000 secured, unlisted, unrated, redeemable Non-Convertible Debentures (NCDs) on a private placement basis, aggregating to ₹100 Crores. Each NCD has a face value of ₹10,00,000 and is issued at par. The allotment date is September 16, 2025, with maturity/redemption scheduled for February 29, 2028, giving a tenure of about 2.5 years. The coupon rate, security details, and other specific terms are not disclosed in the filing and will be as per the PAS-4 offer document. The NCDs will not be listed on any stock exchange.
The company is raising ₹100 Crore through debt rather than equity, which avoids share dilution but adds to its borrowing burden. Since the NCDs are unlisted and unrated, they are likely aimed at a small set of institutional or high-net-worth investors, and the undisclosed coupon means investors should watch for further details on interest cost and security cover.