Disclosure for Non-Convertible Debenture (NCDs)
Awaiting price reaction for this filing.
Crompton Greaves Consumer Electricals has filed its mandatory annual disclosure for outstanding Non-Convertible Debentures (NCDs) as required by SEBI. The company had two NCD series of Rs. 300 crore each issued in July 2022. One series (INE299U07072) was fully redeemed on July 22, 2024 at maturity, with Rs. 22.20 crore in interest also paid on the due date. The second series (INE299U07080) remains outstanding with the next interest payment and full redemption of Rs. 300 crore both scheduled for July 22, 2025. The outstanding NCD carries a CRISIL AA+ rating with a Stable outlook, reaffirmed in January 2025. All interest and principal payments during the year were made on time, with no defaults reported.
This is a routine regulatory compliance filing and indicates healthy debt servicing. NCD holders of INE299U07080 should note the upcoming interest and principal payment on July 22, 2025. The reaffirmed AA+ rating suggests the company's credit quality remains strong, which is mildly positive for shareholders.