Himatsingka Seide Ltd Allots Rs 15 Crore in Tranche 1 Series E Non-Convertible Debentures
Himatsingka Seide Limited has successfully allotted a tranche of non-convertible debentures (NCDs) through a private placement. The securities were issued on July 13, 2026, raising a total aggregate amount of Rs 15,00,00,000/-.The company's Securities Committee allotted 300 Tranche 1 Series E Unlisted, Senior, Secured, Unrated, Redeemable, Taxable Transferable Non-Convertible Debentures (Tranche 1 Series E Debentures). These debentures were denominated in Indian Rupees and each had a face value of Rs 5,00,000/-, with the entire issue being executed at par.
The tenure of these NCDs is set for 42 months from the deemed date of allotment. The maturity date for the instrument has been set as January 13, 2030.
Key details regarding the issuance and terms of the debentures are summarized below:
| Particulars | Details |
|---|---|
| Security Type | Tranche 1 Series E Unlisted, Senior, Secured, Unrated, Redeemable, Taxable Transferable Non-Convertible Debentures |
| Issuance Method | Private placement to eligible investors |
| Total Issue Size | Rs 15,00,00,000/- (Rupees Fifteen Crores only) |
| Tenure of Instrument | 42 months |
| Coupon/Interest Rate | 11.50% p.a., payable quarterly |
Repayment Structure and Security Details
The repayment structure specifies that the principal amount will be repaid in three installments at the end of 30 months, 36 months, and 42 months respectively. Interest payments are mandated on a quarterly basis throughout the tenure of the debentures.To secure the debt, the company has created comprehensive 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 movable fixed assets of the Issuer. This collateral is located at the manufacturing plants situated in Hassan and Doddaballapur, Karnataka.
- A negative lien over land measuring 4.85 acres located at Sy No. 25, 17/1, 17/2 & 23 at its manufacturing facility in Hassan.
- An exclusive charge over the Subscription Escrow Account.
The debenture terms also specify a default clause, stipulating that there will be a penalty of 2% for any delay in payment of interest or principal amount exceeding three months from the due date, or upon outright default in payment.
HIMATSEIDE Stock Price Movement
Today, shares of Himatsingka Seide Limited edged higher in the close, gaining 4.75% to settle at ₹89.11. The stock traded within a range, hitting a low of ₹85.2 and peaking at a high of ₹90.84 during trading hours.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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