Certificate under Regulation 57(1) of the Securities and Exchange Board of India (LODR) Regulations, 2015
TITAN · price
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Titan Company has fully redeemed its Non-Convertible Debentures (NCDs) on maturity along with the annual interest payment on 5th May 2025. The debentures, identified by ISIN INE280A08023, had an issue size of INR 1,250 crore, and the entire principal amount was repaid on the due date. An annual interest of about INR 48.57 crore was paid, with the net amount after tax deduction being INR 48.38 crore. Both payments were made on schedule with no delays, marking the completion of this debt instrument at maturity.
This is a routine debt-servicing event with no impact on equity shareholders. The timely repayment of INR 1,250 crore along with interest demonstrates Titan's strong financial health and disciplined debt management. Existing NCD holders receive their final payment; equity shareholders are unaffected.