Corrigendum to NCD issue: face value of each debenture corrected from Rs 1 crore to Rs 1 lakh

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Ballarpur Industries issued a corrigendum correcting an earlier disclosure error. The Board on July 14, 2026 approved issuance of 10,000 Listed, Rated, Unsecured Non-Convertible Debentures at face value of Rs 1 lakh each, totaling Rs 100 crore, via private placement. Earlier filings wrongly stated 100 debentures of Rs 1 crore each. Tenure is 3 years, coupon 0%, redemption at 9% IRR annually. Aggregate Rs 100 crore size unchanged.

Likely market impact

Technical correction to disclosure; NCD terms and Rs 100 crore issue size remain unchanged. No material impact on shareholders.