Suraj Estate Developers Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 20/02/2026 ,inter alia, to consider and approve The Raising of funds ....
SURAJEST · price
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Suraj Estate Developers has informed the stock exchanges that its Management Committee will meet on February 20, 2026, to consider and approve raising funds of up to ₹45 Crores through private placement of unlisted, secured, redeemable, non-convertible debentures (NCDs) with a face value of ₹10 each. The NCDs will be issued on a private placement basis, meaning they will be offered to a select set of investors rather than the general public. The trading window for insiders has been closed until 48 hours after the meeting outcome is declared.
This is a relatively small debt raise (₹45 Cr) via private placement, so dilution risk for equity shareholders is nil since NCDs are debt instruments, not equity. The move signals the company's intent to grow or refinance liabilities, but specific use of proceeds is not disclosed yet.