Please find attached herewith confirmation letter in respect of third partial and final redemption of Non Convertible Debentures is through reduction in No. of NCDs for all record date ....
BALKRISIND · price
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Balkrishna Industries is completing the third and final partial redemption of its Non-Convertible Debentures (ISIN: INE787D08021) on the scheduled due date of 25th April 2025. The company will redeem the remaining 1,500 NCDs of Rs. 10 lakhs each, totalling Rs. 150 crores, by reducing the number of NCDs to zero. This is not an early redemption — it follows the original schedule set in the October 2021 Private Placement Memorandum. The total NCD issuance of Rs. 500 crores is being retired in three tranches: Rs. 175 crores (April 2024), Rs. 175 crores (October 2024), and Rs. 150 crores (April 2025).
Shareholders should note that Balkrishna Industries is fully repaying its NCD obligations on time, reducing the company's debt burden to zero on this instrument. This reflects strong financial discipline and timely debt servicing, which is a positive signal for creditworthiness, though it has no direct impact on equity holders' returns.