Indian Emulsifiers Limited Approves Rs 20 Crores Fund Raise via Non-Convertible Debentures
Indian Emulsifiers Limited announced that its Board of Directors, at a meeting held on April 17, 2026, approved a significant fund raise through the issuance of Non-Convertible Debentures (NCDs). The company plans to raise an aggregate of Rs 20 crores via a Private Placement basis.The board approved the fund raising through the issuance of 200 Series A- 13.75 % Fixed Rated, Unlisted, Secured, Unrated, Non-Convertible Debentures. Each NCD has a face value of Rs 10,00,000 (Rupees Ten Lakh only) and are fully paid up at par. The placement is designated to LC Venture Debt Fund.
In addition to the financial transaction, the board approved the appointment of CTL Trusteeship Limited, a SEBI registered Debenture Trustee, to serve as the Trustee for the benefit of the Debenture Holders.
Details of the NCD Issuance
The NCD structure and key terms for the Series A Debentures were detailed in the board approval. The debentures carry a fixed annual interest rate of 13.75% PA and have a tenure of 30 Months.Key financial and structural details of the issuance are summarized below:
| Feature | Detail |
|---|---|
| Security Type | Series A - 13.75 % Fixed Rated, Unlisted, Secured, Unrated, Non-Convertible Debentures (NCDs) |
| Issuance Method | Private Placement |
| Total Amount Aggregated | Rs 20 crores |
| NCD Units | 200 units |
| Fixed Interest Rate | 13.75% Per Annum (PA) |
| Tenure | 30 Months |
| Repayment Schedule | 6 Months moratorium followed by equal monthly principal installments. |
| Security/Charge | First-ranking pari-passu charge over all current assets (including receivables, intellectual property, brand, etc.). Second charge on existing fixed assets and fixed assets arising from upcoming capital expenditures. Personal Guarantee of the Promoter. |
| Default Clause | In the event of default or delay in payment of interest and/or principal, additional interest at 2.00% per month shall be payable on the overdue amount. |
The Board Meeting commenced at 11:30 am and concluded at 12:05 pm.
IEML Stock Price Movement
As of 12:34 PM, shares of Indian Emulsifiers Limited are rallying, edging higher by 3.76% to ₹86.85. The equity has seen strong intraday buying interest, trading on a total volume of 7,000 shares.Source:
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