Mumbai, Jan. 6 -- According to an exchange filing, the board, at its meeting held on 5 January 2026, approved the issuance of 1,00,000 senior, secured, rated, listed, taxable, redeemable, and transferable NCDs, each with a face value of Rs 10,000, aggregating to Rs 100 crore. The issue includes a green shoe option of up to Rs 50 crore, as may be agreed, on a private placement basis.

The debentures are proposed to be listed on the BSE, with 13 January 2026 set as the deemed date of allotment. The NCDs will have a tenure of 30 months and are scheduled to mature on 13 July 2028.

The debentures will carry an interest rate of 10.15% per annum, payable on a monthly basis. In the event of a payment default, the company will pay additional inte...