INCREDIBLE INDUSTRIES LIMITED has informed the Exchange regarding Outcome of Board Meeting held on August 22, 2025.
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The Board of Directors of Incredible Industries Limited, at its meeting held on August 22, 2025, approved the issuance of Unlisted Secured or Unsecured, Redeemable, Non-Convertible Debentures (NCDs) up to Rs. 200 crores on a private placement basis, in one or more tranches. The issuance is subject to shareholder approval and will be allotted within 12 months of such approval. The company also fixed September 19, 2025, at 2:30 PM as the date and time for its 46th Annual General Meeting, to be held via video conferencing. The debentures will not be listed on stock exchanges, and the tenure, coupon rate, and security terms will be decided later between the Board and investors.
The Rs. 200 crore NCD issuance will help the company raise debt capital for funding needs, but will add to its debt burden and interest obligations. Shareholders will get a chance to vote on the proposal at the AGM. Since the NCDs are unlisted, there is no dilution or direct impact on existing equity shareholders, though higher debt could affect future financial flexibility.