Viviana Power Tech Limited has informed the Exchange regarding allotment of 25000 Debenture pursuant to Non Convertible Debentures at its meeting held on March 13, 2026
VIVIANA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Viviana Power Tech has allotted 25,000 secured, unlisted, rated, redeemable Non-Convertible Debentures (NCDs) of face value Rs. 10,000 each, raising a total of Rs. 25 Crores on a private placement basis. The NCDs carry a coupon rate of 12% per annum, with interest paid monthly over a 24-month tenure maturing on March 11, 2028. Principal will be repaid in two equal installments at the end of the 21st and 24th months. The debentures are secured by a pari passu charge on receivables with a 1.25x asset cover and have been rated ACER BBB (Stable) by ACER Credit Rating. The ISIN allotted is INE0MEG07011, and the securities will remain unlisted.
The company is raising Rs. 25 crore of debt capital at a relatively high 12% borrowing cost, reflecting its BBB investment-grade rating. For shareholders, this is debt (not equity), so there is no dilution, but higher interest expenses will impact future profitability. The monthly coupon and short 24-month tenure indicate a structured working-capital or project-funding raise rather than long-term capital expansion.