Allotted 300 Series D NCDs worth Rs 15 Cr at 11.50 percent
HIMATSEIDE · price
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Himatsingka Seide's Securities Committee allotted 300 Series D NCDs on July 1, 2026, aggregating to Rs 15 Crores. Each debenture has a face value of Rs 5 Lakhs, issued at par via private placement. Coupon is 11.50 percent per annum, payable quarterly, with 42-month tenure maturing January 1, 2030. Principal will be repaid in three instalments at end of 30, 36, and 42 months. Secured by first pari passu charge on fixed assets at Hassan and Doddaballapur plants. NCDs are unlisted, unrated, and taxable.
Raises Rs 15 Cr debt at 11.50 percent cost secured by plant assets. Increases leverage but no equity dilution.