Pursuant to Regulation 60(2) of SEBI LODR 2015 and Private Placement Memorandum dated 28th October, 2021 details of record date for payment of interest and third redemption amount payable ....
BALKRISIND · price
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Balkrishna Industries has fixed 11th April 2025 as the record date for the payment of interest and the third principal redemption on its Non-Convertible Debentures (NCDs). The company had issued 5,000 unsecured, redeemable NCDs of Rs. 10 lakh each, aggregating to Rs. 500 crore, under a private placement in October 2021. The actual payment to NCD holders is scheduled for 25th April 2025. The record date was shifted from 10th April to 11th April because 10th April is a bank holiday. This is a routine, scheduled debt obligation being met on time as per the original terms of issuance.
No material impact on shareholders. This is a routine, pre-scheduled debt servicing event confirming the company is meeting its NCD obligations on time. It does not affect equity shareholders directly and signals disciplined debt repayment.