Intimation of allotment of Secured Redeemable Non-Convertible Debentures on Private Placement Basis
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kings Infra Ventures Ltd has allotted 4,600 Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis on 11th August 2025. This is the fifth tranche of unlisted secured NCDs issued by the company. Each debenture has a face value of Rs. 1,000, bringing the total amount raised in this tranche to Rs. 46 lakhs. The allotment was approved by the company's Debenture Committee. The NCDs are secured, redeemable, and non-convertible in nature. No details about coupon rate, tenor, or investors were disclosed in this filing.
This is a small debt raise of Rs. 46 lakhs with no equity dilution since the debentures are non-convertible. It marginally increases the company's debt load but is too small to materially impact the stock or shareholders. Investors may want to watch for future tranches or disclosures on interest cost and use of funds.