Mumbai, March 18 -- According to an exchange filing, the decision was made during a board meeting held on 18 March 2025. The company plans to issue up to 40,900 NCDs with a face value of Rs 1,00,000 each, in one or more tranches. The total aggregate principal amount will be Rs 409 crore.

The NCDs will have five-year tenure, with the date of allotment to be determined by the company's Board of directors. The maturity date will be five years from the allotment date, with the NCDs being redeemed upon maturity or as specified in the finance documents. Coupon/interest payments will be made as outlined in the finance documents.

Additionally, the NCDs will be secured by a charge on the company's assets, as defined in the finance documents. The...