CEAT Limited has informed the Exchange about Outcome of Finance and Banking Committee meeting held on December 30, 2025
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CEAT Limited has allotted 25,000 unsecured, rated, listed, redeemable Non-Convertible Debentures (NCDs) on a private placement basis, aggregating to Rs 250 crores. The NCDs carry a face value of Rs 1,00,000 each, a coupon of 7.20% per annum payable annually, and have a 5-year tenure maturing on December 30, 2030. The securities are proposed to be listed on the Wholesale Debt Market (WDM) segment of NSE. The allotment was approved by the Finance and Banking Committee of the Board on December 30, 2025. This is a continuation of disclosures made earlier on December 5, 2025 regarding the proposed NCD issuance.
The company has raised Rs 250 crore through debt at a competitive 7.20% coupon, which is moderate by current market standards. This will strengthen CEAT's liquidity and funding capacity without diluting equity shareholders, though it adds to the company's overall debt obligations over the next 5 years.