Jyoti Structures Limited has informed the Exchange about General Updates-Intimation for the settlement of 1,149 secured, unlisted, redeemable, non-convertible debentures issued pursuant to the approved resolution plan of Jyoti Structures Limited.
JYOTISTRUC · price
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Awaiting price reaction for this filing.
Jyoti Structures Limited has agreed to a one-time settlement with debenture holder Fusionpact Technologies Private Limited for 1,149 secured, unlisted, redeemable, non-convertible debentures. These debentures had a face value of ₹1,00,000 each, totalling an aggregate principal of ₹11.49 crore, originally issued to Aion Direct Singapore and Apollo Asia Private Credit under the company's approved resolution plan. The settlement has been agreed at a total consideration of ₹4.12 crore, representing a haircut of roughly 64% on the principal amount. The board approved the settlement proposal on June 18, 2025, and the company is now working on implementing it.
Positive for shareholders — settling legacy debt at a steep discount significantly reduces the company's outstanding liabilities and cleans up the balance sheet, though it also means creditors are accepting a large haircut. Watch for further settlements with other lenders, as the company has indicated more steps may follow.