Execution of Memorandum for Deposit of Title Deeds with Debenture Trustee
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Kings Infra Ventures Limited has executed a Memorandum for Deposit of Title Deeds with the Debenture Trustee, Vistra ITCL (India) Limited, on 9th May 2025. This is to secure the issue of Unlisted, Secured, Non-Convertible Debentures (NCDs) worth up to Rs. 25 Crores through private placement. The filing is a regulatory disclosure informing the stock exchange about the completion of this security arrangement.
The company is raising up to Rs. 25 Crores through secured NCDs, which will add to its debt obligations but is backed by title deeds as collateral. Shareholders should note increased debt on the books, though terms (interest rate, tenor) are not disclosed in this filing.