Ceat Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/06/2025 ,inter alia, to consider and approve In continuation to our letter dated June ....
CEATLTD · price
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CEAT Limited has informed the stock exchanges that the meeting of its Finance and Banking Committee, originally scheduled for June 10, 2025, has been deferred to June 14, 2025. The committee was set to consider and approve the issuance of Non-Convertible Debentures (NCDs) on a private placement basis, not exceeding Rs. 500 crores. This is a follow-up to the company's earlier letter dated June 5, 2025. The company has existing NCDs listed with symbols CL25 and CL26, indicating this would be an additional round of debt raising.
The deferral simply postpones the decision on raising up to Rs. 500 crore via private NCDs by a few days. No immediate impact on shareholders, though successful NCD issuance could affect the company's debt profile and future interest expenses.