Sudarshan Chemical Industries Limited has informed the Exchange regarding 'Intimation under Regulation 57 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, - Payment of interest and redemption on Non-Convertible Debentures of the Company'.
SUDARSCHEM · price
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Sudarshan Chemical Industries has fully redeemed 990 unsecured, listed Non-Convertible Debentures (NCDs) of face value ₹10 Lakhs each, totaling ₹9,900 Lakhs (₹99 Crore), on the scheduled maturity date of 18th July 2025. The company also paid interest of ₹836.55 Lakhs (net of TDS ₹752.895 Lakhs) on the same date as the due date, with no delay. The reason for redemption is maturity, and the outstanding amount on these NCDs is now zero. The ISIN for the redeemed NCDs is INE659A08036, and this is a continuation of the company's earlier intimation dated 26th June 2025. The timely payment indicates the company met this debt obligation on schedule without any disruption.
This is a routine scheduled maturity obligation being met on time, which is a neutral-to-slightly-positive signal for the company as it clears ₹99 Crore of debt from its books. The company now has lower debt servicing obligations going forward, freeing up cash flows for operations or growth, and there is no indication of financial stress or default.