CEAT Limited has informed the Exchange regarding Board meeting held on December 30, 2025.
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CEAT Limited's Finance and Banking Committee, at its meeting on December 30, 2025, allotted 25,000 unsecured, rated, listed, redeemable Non-Convertible Debentures (NCDs) of Rs 1,00,000 face value each, aggregating to Rs 250 crores, on a private placement basis. The NCDs carry a coupon of 7.20% per annum, payable annually, and have a 5-year tenor maturing on December 30, 2030. The debentures will be redeemed at par at maturity and are proposed to be listed on the Wholesale Debt Market segment of NSE. This is a follow-up to the company's earlier communication dated December 5, 2025 regarding the proposed issuance.
The company has raised Rs 250 crore of unsecured debt at a relatively moderate cost of 7.20%, which adds to its borrowing without diluting shareholder equity. Existing shareholders are not directly affected in terms of ownership, but higher debt levels could increase interest obligations going forward.