Brandman Retail Secures ₹10 Crore Facility Through Private Placement of Non-Convertible Debentures
Brandman Retail Limited, formerly known as Brandman Retail Private Limited, has completed the issuance and allotment of Series A Non-Convertible Debentures (NCDs) on a private placement basis. The move provides the company with a significant secured debt facility totaling ₹10 Crore.The unlisted, secured, redeemable, and fully paid-up NCDs are intended to support the company's financial structure. These Series A Debentures are backed by security established through an agreement, covering Security Interest created on Hypothecated Properties in favor of the Debenture Trustee.
Details regarding the private placement issuance are summarized below:
| Particulars | Details |
|---|---|
| Type of Securities | Secured, Unlisted, Redeemable, Fully Paid up, Non-Convertible Debentures (NCDs) (Series A Debentures) |
| Issuance Method | Private Placement |
| Total Facility Size | ₹10 Crores |
| Security Structure | Comprising 100 NCDs of ₹10,00,000/- each |
| Listing Status | Not proposed to be listed |
The allotment of the Series A Debentures occurred on August 18, 2026. The tenure and conditions of these instruments, including the coupon/interest schedule and principal repayment, are governed by the final terms specified in the Issue and Transaction Documents.
While the debenture issuance is set for a scheduled maturity as per the final transaction documents, the specific details concerning interest rates and redemption methods were noted to be included within those binding corporate agreements.
BRANDMAN Stock Price Movement
Shares of Brandman Retail Limited are edging higher to ₹188 as of 2:17 PM today, gaining 3.01% in live trading. The stock has seen 15,200 shares change hands, following an intraday range that dipped down to ₹182.5.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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