Reporting of data pertaining to Privately Placed NCDs
Awaiting price reaction for this filing.
Crompton Greaves Consumer Electricals has reported details of its privately placed Non-Convertible Debentures as mandated by SEBI's operational and master circulars on debt securities. The company has one outstanding NCD (ISIN: INE299U07080) issued on July 22, 2022, carrying an annual coupon of 7.65% with annual interest payments. The full Rs. 300 Crores originally issued remains outstanding, and the debenture is set to mature on July 22, 2025, within roughly three months of this filing. The company had a call option available from July 22, 2024, but chose not to exercise it, keeping the borrowing at the existing rate.
With Rs. 300 Crores in NCDs maturing in July 2025, shareholders should watch for how the company plans to fund this repayment — likely through a combination of internal cash flows or refinancing. The decision to skip the call option suggests the 7.65% rate remains favourable versus current market rates, but the near-term maturity could create a temporary cash flow event worth monitoring.