Certificate under Regulation 57 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Larsen & Toubro has fully redeemed its Non-Convertible Debentures (ISIN: INE018A08BJ8) of Rs. 1,500 Crore on their maturity date of 2nd May 2025. Along with the principal, the company also paid the final yearly interest of Rs. 113.70 Crore on the same date, in line with the scheduled due date. A total of 1,50,000 NCDs were redeemed, bringing the outstanding amount on this instrument to NIL. There were no delays or partial payments, and the redemption was triggered by natural maturity rather than any call or put option.
This is a routine debt repayment event with no negative impact on shareholders. The timely full repayment on maturity signals strong liquidity and disciplined debt management by L&T, which is positive for the company's credit profile though it does not directly affect equity holders.