Ballarpur Industries fixes clerical error on NCD face value, Rs 100 Cr issue unchanged

Board & Shareholder Meetings View source PDF

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Ballarpur Industries issued a corrigendum to correct a clerical error in its July 14, 2026 board disclosure. The board approved 10,000 Listed, Rated, Unsecured Non-Convertible Debentures at Rs 1 Lakh each, aggregating Rs 100 Crores via private placement, not 100 NCDs at Rs 1 Crore each as originally stated. Tenure is 3 years, with 0% coupon and 9% IRR annual redemption premium. Aggregate issue size of Rs 100 Crores remains unchanged. Debentures to be listed on BSE and/or NSE.

Likely market impact

No material change to the fund raise plan - only face value and number of NCDs corrected. Rs 100 Cr private placement stands approved as before.