Intimation of allotment of Secured Redeemable Non-Convertible Debentures on Private Placement basis
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Kings Infra Ventures has allotted its 7th tranche of unlisted, secured, redeemable non-convertible debentures (NCDs) via private placement on September 23, 2025. The company issued 12,150 debentures at a face value of Rs. 1,000 each, raising a total of Rs. 1.215 crore. The allotment was approved by the Debenture Committee of the Board. Key details like coupon rate, redemption tenor, and investor identity were not disclosed in this intimation.
This is a relatively small debt raise of Rs. 1.215 crore, adding incrementally to the company's borrowings. Since the NCDs are secured and redeemable, existing shareholders' equity is not diluted, but overall debt obligations rise. The lack of disclosed coupon rate means investors will need to watch for further details to assess cost of debt.