Intimation of allotment of Secured Redeemable Non-Convertible Debentures on Private Placement Basis
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Kings Infra Ventures Ltd has allotted the first tranche of Unlisted Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The allotment was made on 13th June 2025 and involves 16,900 debentures with a face value of Rs. 1,000 each, aggregating to Rs. 1.69 crore. The NCDs are secured in nature and have been issued privately rather than through a public offer. This is the first tranche, suggesting more tranches may follow.
The company has raised Rs. 1.69 crore through secured debt, which is a relatively small fundraising. While this strengthens the company's financial base, it also adds to its debt servicing obligations. Shareholders should note the increase in leverage, though the secured nature of the NCDs provides asset-backed comfort to debenture holders.