Brandman Retail Approves Issuance of ₹20 Crore in Secured Non-Convertible Debentures
Brandman Retail Limited, formerly Brandman Retail Private Limited, has approved a plan to raise up to ₹20 crore through the issuance of secured Non-Convertible Debentures (NCDs). The approval was granted by the company's Board of Directors following a meeting held on August 8, 2026.The board sanctioned the proposal for issuing up to 200 NCDs on a private placement basis. The total facility limit stands at ₹20,00,00,000 (Rupees Twenty Crores), structured across two distinct tranches of the debt offering.
Details regarding the proposed issuance are as follows:
- Series B: This series comprises 100 NCDs, each having a face value of ₹10,00,000/-, aggregating to ₹10 Crores.
- Series A: Similarly, Series A involves 100 NCDs, with each set at a face value of ₹10,00,000/-, totaling ₹10 Crores.
The aggregate proposed issue size is therefore capped at ₹20 Crores, pending the satisfaction of all transaction documents and necessary approvals.
Key Details of the NCD Issuance
Brandman Retail Limited confirmed that the issued security will be unlisted, secured, redeemable, and non-convertible. The terms and conditions governing the debentures include specific details regarding collateralization and repayment structures.The nature of the securities, issuance method, and security structure are summarized in the table below:
| Particulars | Details |
|---|---|
| Type of Securities | Secured, unlisted, redeemable, Fully Paid up, non-convertible debentures (NCDs) |
| Issuance Type | Private Placement |
| Total Issue Size | Up to ₹20 Crores, consisting of 200 NCDs of ₹10,00,000/- each. This amount is being raised in two tranches of ₹10 Crores each. |
| Security/Charge | The NCDs will be secured by a hypothecation or charge over the movable and other assets of the Company, including present and future assets, receivables, book debts, cash flows, plant and machinery, and inventory. |
| Listing Status | Not proposed to be listed. |
The tenure, date of allotment, and date of maturity for the instruments will be determined at the time of allotment in line with the final terms approved by the Board and agreed upon with the Debenture Trustee.
BRANDMAN Stock Price Movement
Brandman Retail Limited closed higher on Friday, posting a solid gain as its stock settled at ₹178.00, up 0.62%. The company completed the trading session with a total volume of 5,600 shares.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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