Announced Fri, 6 Nov, 2026 · 16:08 IST
Board approves INR 30 crore private placement of 12% secured debentures
SUPREMEINF · price
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Price reaction
Awaiting price reaction for this filing.
AI summary
The board approved 300 unlisted, secured, redeemable, non-convertible debentures through a private placement to InRe Fund II, part of InRe Investments Trust. Each has a face value of INR 10 lakh, taking the first tranche to INR 30 crore. The debentures carry a 12% annual coupon, payable on redemption, and a 366-day term. A first-ranking mortgage over the Bhiwandi land may be created at the subscriber's option.
Likely market impact
The INR 30 crore debt has a 12% redemption coupon and land security. It may aid liquidity but raises debt-servicing pressure, without equity dilution.