Laxmi Organic Industries Limited has informed the Exchange about General Updates, Pursuant to provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform that the Company has issued Commercial Papers ( CPs ) of ₹ 50 crores on May 9, 2025. The details of the same are as enclosed.
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Laxmi Organic Industries has raised ₹50 crore by issuing Commercial Papers (short-term unsecured debt instruments) on May 9, 2025. The CPs carry a discount rate of 6.85% per annum, with interest paid upfront and principal repayable on maturity on August 7, 2025 (a 3-month tenor). The issue has been subscribed by ICICI Bank Ltd and carries the highest short-term credit rating of A1+ from both India Ratings and CRISIL, signalling strong credit quality. This is part of a ₹100 crore Commercial Paper programme approved by the company's Finance Committee in January 2025, indicating ongoing working capital or short-term funding needs.
This is a routine short-term borrowing, not equity dilution, so existing shareholders are not affected. The top-tier A1+ rating reflects strong creditworthiness and easy access to short-term funds at competitive rates.