Board Approves Issuance of INR 100 Crore in Unsecured Non-Convertible Debentures via Private Placement
The Board of Directors has approved the issuance of a series of Listed, Rated, Unsecured Non-Convertible Debentures (NCDs) through a private placement basis. The company plans to issue these debentures for an aggregate amount up to INR 100 Crore.This decision followed the meeting of the Board of Directors held on July 14, 2026.
The NCDs are structured as Unsecured and Non-Convertible instruments, with a face value set at INR 1,00,00,000/- each. The issuance involves a private placement mechanism, and the debentures are planned for listing on BSE Limited and/or National Stock Exchange of India Limited.
Details regarding the security and financial structure of the proposed issue include:
| Feature | Details |
|---|---|
| Type of Securities | Listed, Rated, Unsecured Non-Convertible Debentures |
| Issuance Method | Private Placement |
| Total Issue Size | Aggregate amount up to INR 100 Crores |
| Denomination | 100 Debentures at Rs. 1 Crore each |
| Tenure of Instrument | 3 Years |
| Coupon Offered | 0% |
| Redemption Premium | 9% IRR on annual basis |
| Charge/Security | Unsecured |
The debenture issuance has a tenure of three years, with the date of allotment yet to be decided by the Board. The instrument is unsecured and carries no special rights or privileges.
KIRLOSIND Stock Price Movement
Shares of Kirloskar Industries Limited slipped on Tuesday, closing at ₹3939.4 after the stock shed 4.13% of its value. Trading volume stood at 15,849 shares as the equity settled well above its intraday low of ₹3901.1.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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