Reporting of data pertaining to Privately Placed NCDs
Awaiting price reaction for this filing.
Crompton Greaves Consumer Electricals has submitted a routine disclosure to the stock exchanges about its privately placed Non-Convertible Debentures as of March 31, 2025. The company has one outstanding NCD issuance worth Rs. 300 Crores (ISIN: INE299U07080), which was issued on July 22, 2022 and is scheduled to mature on July 22, 2025. The debenture carries a 7.65% annual coupon rate. Although the NCD had a call option exercisable from July 22, 2024, the company chose not to exercise it, meaning the full Rs. 300 Crores remains outstanding. The filing is a regulatory compliance requirement under SEBI's circular on ISIN specifications for debt securities.
This is a routine compliance filing with no new material information. Shareholders should note that the company has Rs. 300 Crores of debt maturing in about 3-4 months (July 2025), which it will need to repay or refinance. The 7.65% interest cost remains on the books until maturity or refinancing.