Kesoram Industries Submits Disclosure Regarding Secured NCDs, Pays Fines for Non-Compliance

Kesoram Industries Submits Disclosure Regarding Secured NCDs, Pays Fines for Non-Compliance​

Kesoram Industries Limited has filed a disclosure regarding secured Non-Convertible Debentures (NCDs) pertaining to the quarter and nine months ended December 31, 2021. The disclosure was made following communication from the BSE Limited dated March 24, 2026, referencing case number 255277 for a REF refund.

The company stated that it inadvertently omitted the required information in its earlier financial statements. The details of the disclosure, presented as an additional note to the Unaudited Financial Statement for the quarter and nine months ended December 31, 2021, are as follows:

• Total Secured Non-Convertible Debentures outstanding as of December 31, 2021: ₹7,145.71 Crores.
• The debentures are secured by a First pari passu charge on all fixed assets, moveable assets (non-current and current), and intangible assets of the Company.
• Additional security includes a pledge on equity shares held by promoters, a Non-Disposal Undertaking (NDU) on other security held by a promoter, a guarantee by a promoter, and a pledge.
• The asset cover, as of December 31, 2021, is more than 1.71 times the principal amount of the secured NCDs.

Kesoram Industries has remitted a payment of ₹36,580 to address the non-compliance with SEBI (LODR) Regulations, 2015, under Regulation 54(2). The payment was made through NEFT on March 17, 2022, with UTR number INDBN17034194534. No Tax Deducted at Source (TDS) was deducted.

The company clarified that it is not agreeable to paying any further fines in this matter.

Source:​