Viviana Power Tech Limited has informed the Exchange regarding Outcome of Board Meeting held on April 28, 2026.
VIVIANA · price
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Viviana Power Tech Limited's Board approved raising up to Rs. 75 crores through issuance of rated, listed, senior, secured, transferable, redeemable Non-Convertible Debentures (NCDs) on private placement basis via NSE's Electronic Book Platform. The issue comprises 75,000 NCDs at Rs. 10,000 face value each, carrying a 12% coupon rate payable monthly. The debentures have a 24-month tenure with principal repayable in two equal installments at the end of the 21st and 24th month. Security cover of 1.25x on receivables is provided through hypothecation in favor of the Debenture Trustee, MITCON Credentia Trusteeship Services Limited.
The 12% yield on these NCDs signals elevated borrowing costs, suggesting the company may face credit challenges or limited access to cheaper capital. Existing shareholders should monitor how these debt obligations impact the company's financial leverage and interest coverage metrics going forward.