Himatsingka Seide Limited Allots Rs 15 Crore in Series D Non-Convertible Debentures
Himatsingka Seide Limited announced the allotment of Tranche 1 Series D Senior, Secured, Unlisted, Unrated, Redeemable, Taxable, Non-Convertible Debentures (NCDs) totaling Rs 15,00,00,000/-. The issuance was executed through a private placement to eligible investors on July 01, 2026.The Company allotted 300 Tranche 1 Series D Debentures, each with a face value of Rs 5,00,000/-, aggregating to the total issue size of Rs 15 Crores. These debentures were issued at par and are not intended for listing on any stock exchange.
Key terms governing the NCD issuance include a tenure of 42 months from the date of allotment. The maturity date for these instruments is January 01, 2030.
The interest offered on the debentures is set at 11.50% per annum and will be paid quarterly. The repayment schedule stipulates that the principal amount will be repaid in three installments corresponding to the end of 30 months, 36 months, and 42 months.
To secure the debt, Himatsingka Seide Limited created several charges over its assets. These include a first pari passu charge by way of a registered or equitable mortgage and a deed of hypothecation covering all immovable and moveable fixed assets, both present and future, located at manufacturing plants in Hassan and Doddaballapur (Karnataka). Additional security includes a negative lien over land measuring 4.85 acres situated at Sy No. 25, 17/1, 17/2 & 23 at its manufacturing facility in Hassan, an exclusive charge over the Subscription Escrow Account, and a Demand Promissory Note and Letter of Continuity.
A default provision has been established, with a penalty of 2% for any delay in payment of interest or principal exceeding three months from the due date.
Details of the NCD issuance are summarized below:
| Particulars | Details |
|---|---|
| Security Type | Tranche 1 Series D Senior, Secured, Unlisted, Taxable Non-Convertible Debentures |
| Issuance Method | Private placement to eligible investors |
| Total Issue Size | Rs 15,00,00,000/- |
| Tenure | 42 months |
| Allotment Date | July 01, 2026 |
| Maturity Date | January 01, 2030 |
| Coupon Rate | 11.50% p.a. (Quarterly payment) |
| Principal Repayment | Three installments at the end of 30, 36, and 42 months |
| Primary Security | First pari passu charge over manufacturing assets in Hassan and Doddaballapur (Karnataka) |
HIMATSEIDE Stock Price Movement
On Wednesday, Himatsingka Seide Limited shares slipped by 1.06% to close at ₹90.91. The equity traded within an intraday range of ₹90.75 to ₹93.78 during the session.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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