26-Oct-2026 19:45:18
SHAREINDIA : RAISES RS 125 CR VIA NON-CONVERTIBLE DEBENTURES
• Finance Committee approved issue of up to 1,25,000 listed, rated, secured, redeemable NCDs of face value ₹10,000 each • Issue aggregates up to ₹125 Cr, including green shoe option of up to 50,000 NCDs worth ₹50 Cr • Coupon of 10.30% per annum, payable monthly; principal as lump sum at maturity • Tenure up to 21 months 5 days from deemed date of allotment; NCDs to be listed on BSE WDM segment • Secured by pari-passu hypothecation of current assets and receivables with minimum cover of 1.15 times outstanding, plus personal guarantee of promoters • Part of the earlier approved plan to raise up to ₹200 Cr via debt securities in one or more tranches Impact: Neutral (Debt funding at 10.30% supports the ₹200 Cr borrowing programme without equity dilution, but adds interest cost)
Share India Securities Limited
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