Ref: Regulation 30 with read with Part-A and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations') Dear Sir/Madam, This ....
ARIHANT · price
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Awaiting price reaction for this filing.
The Board of Directors of Arihant Foundations & Housing, at its meeting on 19th February 2026, approved the issuance of unlisted, unsecured, redeemable, non-convertible debentures (NCDs) on a private placement basis, in one or more tranches, subject to statutory approvals. The total issue size is up to ₹180 Crores. Key terms such as face value, coupon rate, tenure, redemption schedule and covenants have not been disclosed in this filing — they will be set out in the relevant PAS-4 document. Allotment is targeted within 30 days of receiving approvals.
The company is raising up to ₹180 Crores in debt, which will increase its leverage without any equity dilution for shareholders. Since the NCDs are unsecured, existing debt holders may see their claim position weakened, while the market may view this as a sign that the firm is turning to private credit markets for funding.