With reference to our letter dated December 08, 2025, Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 we wish ....
Awaiting price reaction for this filing.
The Board of Directors of BCL Enterprises Limited, at its meeting held on December 11, 2025, approved the issuance of Secured, Unlisted, Unrated, Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. Each NCD will have a face value of ₹1,00,000, with the total issue size aggregating up to ₹200 Crores, potentially issued in one or more tranches. The NCDs carry a 5-year (60-month) tenure with a bullet interest structure — no periodic coupon is paid, but the effective yield is 13% per annum compounded monthly, payable as a lump sum at maturity along with the principal. The instruments will not be listed on any stock exchange and will be secured through hypothecation of company assets in favour of a Debenture Trustee.
The company is planning to raise ₹200 Crores in debt through private lenders, which will significantly increase its leverage. Since these NCDs are unlisted and privately placed, retail shareholders cannot directly subscribe. The 13% implied borrowing cost is relatively high, which may reflect either growth funding needs or weaker credit quality, and shareholders should watch how this debt is deployed and serviced over the 5-year tenor.