Himatsingka Seide Limited Allots Tranche 2 Series D Non-Convertible Debentures Worth Rs 35 Crores
Himatsingka Seide Limited has finalized the allotment of 700 Tranche 2 Series D Unlisted, Senior, Secured, Unrated, Redeemable, Taxable Transferable Non-Convertible Debentures (NCDs). The issuance, which was conducted via private placement to eligible investors, totaled Rs 35,00,00,000/-, or Rupees Thirty-Five Crores.The company allotted these debentures on July 10, 2026. Each of the Tranche 2 Series D Debentures has a face value of Rs 5,00,000/- (Rupees Five Lakh only).
Key details regarding the non-convertible debentures include:
| Particulars | Details |
|---|---|
| Security Type | Tranche 2 Series D Debentures |
| Issuance Method | Private placement to eligible investors |
| Total Issue Size | Rs 35,00,00,000/- (Rupees Thirty-Five Crores only) |
| Tenure of Instrument | 42 months from the deemed date of allotment |
| Date of Allotment | July 10, 2026 |
| Date of Maturity | January 10, 2030 |
| Coupon/Interest Rate | 11.50% p.a., payable quarterly |
The payment schedule for the debentures involves the principal being repaid in three installments at the end of 30 months, 36 months, and 42 months. Interest payments are scheduled on a quarterly basis.
In terms of security creation over the assets, Himatsingka Seide Limited established a first pari passu charge by way of a registered or equitable mortgage and a deed of hypothecation. This charge covers all movable and immovable fixed assets of the company, both present and future, located at its manufacturing plants in Hassan and Doddaballapur (Karnataka).
Additional security measures include 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. The company also created an exclusive charge over the Subscription Escrow Account and secured the issuance with a Demand Promissory Note and Letter of Continuity.
A penalty rate of 2% has been specified for any delay or default in the payment of interest or principal amount for a period exceeding three months from the due date.
HIMATSEIDE Stock Price Movement
On Friday, Himatsingka Seide Limited shares edged higher to close at ₹86.67, after the stock gained 1.56%. The equity saw robust trading activity throughout the session, with a total volume of 467,575 shares recorded.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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