Announced Fri, 6 Nov, 2026 · 15:59 IST
Board approves 75 crore secured NCD issue at 12 percent
SUPREMEINF · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction
Awaiting price reaction for this filing.
AI summary
The board approved up to 75 crore of privately placed, secured, non-convertible debentures. The 366-day issue carries a 12 percent annual coupon, payable on redemption, and will be unlisted in electronic form. A first-ranking mortgage over the company's encumbrance-free Bhiwandi land may secure the issue. The funds are part of a land monetization plan, subject to required approvals.
Likely market impact
The raise could unlock cash from land, but the 12 percent coupon and pledged land increase repayment and asset risk for shareholders.