Approved the raising of funds by issuance of Secured Listed Redeemable Non-Convertible Debentures (NCDs), for an amount not exceeding Rs. 8,75,00,00,000/- (Rupees Eight Hundred Seventy Five Crores only) on private placement basis, in one or more series/ tranches, subject to necessary approval(s).
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The board of Signatureglobal (India) Limited, at its meeting on 25th June 2025, approved raising up to Rs. 875 Crores through Secured Listed Redeemable Non-Convertible Debentures (NCDs) on a private placement basis, in one or more series or tranches. The board also constituted a 'Debenture Committee' to handle the issuance and allotment process. Additionally, the board approved amendments to the Articles of Association to allow appointment of a Director nominated by the Debenture Trustee, as required under SEBI norms. A Postal Ballot notice was also approved to seek shareholder approval for the NCD issuance, enhancement of borrowing limits, enhancement of limits for creation of security, and alteration of Articles of Association.
This Rs. 875 Crore debt raise will strengthen the company's funding capacity, likely to support its real estate operations and reduce dependence on bank loans. Shareholders will get to vote on the proposal via postal ballot, and the dilution risk is low since these are non-convertible debentures, not equity.