Omaxe Limited has informed the Exchange regarding allotment of 185 Unrated Senior Secured Non Convertible Debentures by way of private placement at its meeting held on February 26, 2026.
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Omaxe Limited has allotted 185 Unrated Senior Secured Non-Convertible Debentures (NCDs) on a private placement basis at its committee meeting held on February 26, 2026. Each NCD has a face value of Rs. 10 lakh, taking this third tranche to Rs. 18.5 crore, out of a total approved issue size of up to 1,994 NCDs worth Rs. 199.40 crore. Including this tranche, the company has now allotted 633 NCDs in total. The NCDs carry a committed return of 12% IRR, have a tenure of up to 54 months from July 16, 2025, and are secured against specific real estate projects (Grand Omaxe, Rajguru & Bhagat Singh, and Project Resort-A&B, Chandigarh) with promoter guarantees. The NCDs are unrated and not proposed to be listed on any stock exchange.
Omaxe is raising project-level debt funding at a relatively high 12% IRR, which avoids equity dilution for existing shareholders but increases the company's interest burden and exposes it to project execution risk. The unrated, unlisted nature of these NCDs and reliance on specific project cash flows may be viewed cautiously by the market, though the promoter guarantees provide some comfort.