Ashima Limited has informed the Exchange regarding Board meeting held on Jun 21, 2025 for raising of funds through issuance of fully paid-up Non-Convertible Debentures on private placement basis in one or more tranches, up to an amount not exceeding Rs. 130 Crores (Rupees One Hundred and Thirty Crores only), in accordance with the applicable laws including the provisions of the Companies Act, 2013 and the rules framed thereunder, as amended from time to time ( issue of NCDs ).
ASHIMASYN · price
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Ashima Limited's Board, at its meeting on June 21, 2025, approved raising up to Rs. 130 crore through the issuance of secured, unrated, unlisted, redeemable Non-Convertible Debentures on a private placement basis, in one or more tranches. The NCDs will carry a coupon of up to 7.50% per annum, have a tenure of up to 9 years from allotment, and will be secured by a charge on specific immovable property of the company. The debentures will not be listed on any stock exchange and will be redeemed at par at the end of the tenure, with a possible call option for the debenture holder. The issuance will be within the company's existing borrowing limits under Section 180(1)(c) of the Companies Act, 2013.
This is a debt-raising move that will increase Ashima's borrowings by up to Rs. 130 crore without diluting existing shareholders, since the NCDs are privately placed and unlisted. The interest rate of up to 7.50% is moderate, and the long tenure of up to 9 years eases repayment pressure, though overall debt obligations on the company will rise.