Dhunseri Tea & Industries Limited has informed the Exchange about Debenture Subscription Agreement
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Dhunseri Tea & Industries Limited has entered into a Debenture Subscription Agreement with its wholly owned subsidiary, Dhunseri Petrochem & Tea Pte Ltd. (DPTPL), based in Singapore. The company will subscribe to Optional Convertible Debentures (OCDs) worth USD 0.40 million (approximately ₹3.3-3.4 crore) issued by the subsidiary. The debentures carry an interest rate of 7.50% per annum, with interest accruing yearly and payable only on redemption or conversion. The company has the option to convert these debentures into equity shares of the subsidiary within 7 years from the date of allotment, at a price to be determined on an arm's length basis. This is a related party transaction, done at arm's length, and the agreement was executed on August 21, 2025.
This is a relatively small internal capital infusion into a wholly owned subsidiary and is unlikely to have a material impact on the parent company's financials or stock price. It signals continued funding support to the Singapore-based subsidiary's operations.