Himatsingka Seide Limited has informed the Exchange regarding allotment of 650 securities pursuant to Non Convertible Securities at its meeting held on May 07, 2025.With reference to our intimation dated May 07, 2025 relating to allotment of 650 (Six hundred fifty) un-rated, senior, unlisted, secured, redeemable Series A Non-Convertible Debentures (Series A NCDs) denominated in Indian Rupees, each having a face value of Rs. 10,00,000/- (Rupees Ten Lakh only) and an aggregate amount of Rs. 65,00,00,000/- (Rupees Sixty-Five Crores only) at par on a Private Placement Basis, please find enclosed the revised disclosure with correction to date of maturity.
HIMATSEIDE · price
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Himatsingka Seide has allotted 650 unlisted, secured, redeemable Series A Non-Convertible Debentures (NCDs) on a private placement basis on May 7, 2025. Each NCD has a face value of Rs. 10 lakh, taking the total issue size to Rs. 65 crores, issued at par. The NCDs carry a coupon of 11.5% per annum, paid quarterly, with a tenure of up to 39 months maturing on August 7, 2028 (this filing revises the earlier maturity date). Principal will be repaid in 8 equal quarterly instalments of 12.5% each after an 18-month moratorium, along with a redemption premium at maturity. The NCDs are secured by a first pari-passu charge on the fixed assets of the company's manufacturing facilities at Hassan and Doddaballapur.
The company has raised Rs. 65 crore through private debt at 11.5% — a moderate borrowing cost — strengthening its funding without diluting shareholders. The 18-month moratorium provides breathing room before repayments begin, but adds to the company's overall debt obligations until mid-2028.