Himatsingka Seide Limited Approves Series E Non-Convertible Debentures with Rs 200 Crore Private Placement
The Securities Committee of the Board of Directors of Himatsingka Seide Limited approved the reclassification and key terms for its Series E Non-Convertible Debentures (NCDs) during a meeting held on July 10, 2026. The decision relates to a private placement intended to raise a total of Rs 200 crore.The series comprises Series 'E' INR denominated, senior, secured, unrated, unlisted, redeemable, and taxable Non-Convertible Debentures (Series 'E' NCDs). This issuance is structured as a private placement targeting eligible investors.
Key Details of the Non-Convertible Debentures
The debentures have a tenure of 42 months from the deemed date of allotment and carry an interest rate of 11.50% per annum, payable quarterly. The company committed to repaying the principal in three installments at the end of 30 months, 36 months, and 42 months.
The total size of the issue is Rs 200,00,00,000/- (Rupees Two Hundred Crore only), covering a total of 4000 Series 'E' NCDs, each having a face value of Rs 5,00,000/- (Rupees Five Lakh only).
The instrument is secured by a first pari passu charge via a registered or equitable mortgage and a deed of hypothecation over all immovable and moveable fixed assets of the Issuer, both present and future, located at its manufacturing plants in Hassan and Doddaballapur, Karnataka. Additionally, there is a negative lien on land measuring 4.85 acres situated at Sy No. 25, 17/1.
Financial and Structural Terms
The terms governing the debenture issuance include:
| Feature | Details |
|---|---|
| Type of Securities | Series 'E' NCDs (Senior, Secured, Unrated) |
| Issuance Method | Private placement to eligible investors |
| Issue Size / Total Amount | Rs 200,00,00,000/- |
| Tenure | 42 months from the deemed date of allotment |
| Interest Rate | 11.50% p.a., payable quarterly |
| Principal Repayment | Three installments at 30, 36, and 42 months |
| Charge/Security | First pari passu charge over fixed and moveable assets in Hassan and Doddaballapur |
The agreement also specifies that a default in the payment of interest or principal for more than three months from the due date will result in a penalty of 2%.
HIMATSEIDE Stock Price Movement
Today, Himatsingka Seide Limited's shares edged higher to settle at ₹86.67 after gaining 1.56%. The stock traded within a tight intraday range, reaching a low of ₹85.61 and a high of ₹87.80.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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