Intimation of allotment of Secured Redeemable Non-Convertible Debentures on Private Placement basis
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Kings Infra Ventures Ltd has allotted the eighth tranche of unlisted, secured, redeemable, non-convertible debentures (NCDs) through private placement. The allotment consisted of 2,500 NCDs at a face value of Rs. 1,000 each, aggregating to Rs. 25 lakhs. The decision was taken by the company's Debenture Committee at a meeting held on 26th September 2025. These are unlisted debt instruments, meaning they won't trade on stock exchanges.
This is a modest debt raise of Rs. 25 lakhs with no equity dilution since the debentures are non-convertible. Shareholders should monitor cumulative debt across all eight tranches and watch for any significant increase in overall leverage.