Ashima Limited has informed the Exchange regarding allotment of 7000 securities pursuant to Non Convertible Securities at its meeting held on July 31, 2025.
ASHIMASYN · price
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Ashima Limited has allotted 7,000 unlisted, secured, redeemable, rupee-denominated Non-Convertible Debentures (NCDs) on a private placement basis, raising Rs. 70 Crores at a face value of Rs. 1 lakh each. The NCDs carry a coupon rate of 7.50% per annum, payable annually on March 31, with a tenure of 9 years and a put option available to subscribers after 2 years. The instrument is secured by a first charge on the company's non-agricultural land. This is part of a larger board-approved fundraise of up to Rs. 130 Crores through NCDs in one or more tranches, meaning up to Rs. 60 Crores of further NCD issuance may follow.
No equity dilution for shareholders since NCDs are debt instruments, but the company's debt obligations rise by Rs. 70 Crores, adding roughly Rs. 5.25 Crores to annual interest costs. The 7.50% coupon is a standard borrowing rate, and the put option after 2 years means early redemption risk exists if investors choose to exit.