Anand Rathi Allots Secured Non-Convertible Debentures Worth Rs 11.1 Crores Through Private Placement
Anand Rathi Share And Stock Brokers Ltd has successfully allotted Secured, Unlisted, and Redeemable Non-Convertible Debentures (NCDs) through a private placement basis. The Company issued a total of 1,110 debentures with a face value of Rs 1,00,000/- each, aggregating to Rs 11,10,00,000.The allotment took place on June 24, 2026, to identified investors. The issue included a maximum offering of 1,285 NCDs, limited to an aggregate size not exceeding Rs 12,85,00,000/-.
These debentures are unsecured by listing and possess a tenure of three years, with the date of maturity set for June 22, 2029. The instrument carries a coupon interest rate of 9%, payable on a quarterly basis.
The Company secured the NCD issue through a first ranking charge by way of hypothecation over all present and future unencumbered assets, book debts, and receivables.
Key details regarding the NCD issuance are summarized below:
| Feature | Details |
|---|---|
| Type of Security | Secured, Unlisted, and Redeemable Non-Convertible Debentures (NCDs) |
| Issue Method | Private Placement Basis |
| Allotted Securities | 1,110 NCDs |
| Aggregate Issue Size | Rs 11,10,00,000/- (Eleven Crores Ten Lakhs Only) |
| Maximum Offered Securities | 1,285 NCDs (Not more than Rs 12,85,00,000/-) |
| Tenure | 3 Years (1094 calendar days) |
| Date of Allotment | June 24, 2026 |
| Date of Redemption/Maturity | June 22, 2029 |
| Coupon Rate | 9% (Paid Quarterly) |
| Security Coverage | First ranking charge by hypothecation over all present and future unencumbered assets and book debts and Receivables. |
The terms also specified that in the event of a default in payment of interest or principal for a period exceeding three months, an additional interest rate of 2% per annum over the original Interest will be payable by the Company until such payment is made. Full redemption of the debentures is scheduled for the date of maturity.
ARSSBL Stock Price Movement
Shares of Anand Rathi Share and Stock Brokers Limited slipped by 0.42% today, settling at approximately ₹551.50 after closing post-market trading. Throughout the session, the stock traded within a range, reaching a high of ₹558.4 while hitting a low of ₹545.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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