Intimation of allotment of Secured Redeemable Non-Convertible Debentures on Private Placement basis
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Kings Infra Ventures Ltd has allotted 6,700 Secured Redeemable Non-Convertible Debentures (NCDs) via private placement. Each debenture has a face value of Rs. 1,000, totaling an issue size of Rs. 67 lakhs. The allotment was approved by the Debenture Committee on May 13, 2026. These are unlisted NCDs, meaning they are not traded on the stock exchange. This is the company's sixteenth tranche of such NCD issuances, indicating a recurring fundraising practice through this instrument. No details on coupon rate or tenure were disclosed in the filing.
The company is raising small-scale debt through repeat NCD issuances, which may indicate ongoing liquidity needs or preference for debt over equity. For existing shareholders, this represents dilution of debt burden rather than equity dilution. The unlisted nature limits transparency on pricing for retail investors.