The Board at its meeting held today i.e. Wednesday January 14, 2026 has approved issuance of 1500 INR denominated, unrated unlisted and transferable non-convertible debentures (each having ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mohite Industries' board, at its meeting on January 14, 2026, approved the issuance of 1,500 Non-Convertible Debentures (NCDs) aggregating Rs. 150 Crore on a private placement basis. Each NCD carries a face value of Rs. 10 lakh and offers an 11% per annum coupon, payable half-yearly starting from month 3 (Rs. 8.25 Crore each cycle). The NCDs are secured by way of charge on the company's factory buildings, agricultural land, godown, power house, and plant & machinery located in Kolhapur. Principal will be repaid in 20 equal semi-annual installments of Rs. 7.50 Crore each between months 30 and 144 (roughly 2.5 to 12 years). The NCDs are unlisted, unrated, and there is no interest moratorium.
This Rs. 150 Crore debt raise meaningfully increases the company's leverage and commits it to a long repayment schedule stretching up to 12 years, with key operating assets in Kolhapur pledged as collateral. Shareholders should watch for the end-use of these funds and the impact on interest costs and future cash flows.