Ballarpur Industries Approves Issuance of Non-Convertible Debentures in Private Placement
Ballarpur Industries Limited has approved the issuance of a tranche of non-convertible debentures through a private placement. The move aims to raise up to INR 100 crore through debt financing, as decided by the company's Board of Directors.The Board meeting held on July 14, 2026, sanctioned the issue of Listed, Rated, Unsecured Non-Convertible Debentures (NCDs). The proposed issuance involves 100 debentures, with each carrying a face value of INR 1,00,00,000/-. This translates to an aggregate amount up to INR 100,00,00,000/- in the form of these debentures.
The company confirmed that these securities will be listed on BSE Limited and/or National Stock Exchange of India Limited. The tenure for the instruments has been set at three years, with a detailed allotment date to be decided by the Board subsequently.
The terms associated with the NCD issuance include specific details regarding interest and security structure.
Key financial parameters related to the debenture issue are outlined below:
| Particulars | Details |
|---|---|
| Type of Securities | Listed, Rated, Unsecured Non-Convertible Debentures |
| Issuance Method | Private Placement |
| Total Issue Size | 100 Debentures at Rs. 1 Crore each |
| Aggregate Amount | Up to Rs. 100 Crores (Rupees One Hundred Crore Only) |
| Listing Stock Exchanges | BSE Limited and National Stock Exchange of India Limited |
| Tenure | 3 Years |
| Coupon Offered | 0% |
| Redemption Premium | 9% IRR on annual basis |
| Charge/Security | Unsecured |
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