Omaxe Limited Allots Non-Convertible Debentures to Aggregate Rs. 31,30,00,000
Omaxe Limited announced the further allotment of Non-Convertible Debentures (NCDs) on a Private Placement basis. The Debenture Issue & Allotment Committee approved the allotment of 313 Unrated Senior Secured Non-Convertible Debentures of a face value of Rs. 10,00,000 each, aggregating to Rs. 31,30,00,000.The approval for this allotment was made during a meeting held on April 10, 2026, concerning the issuance and allotment of Unrated Senior Secured Non-Convertible Debentures.
The details concerning this allotment are presented below.
| Particulars | Details |
|---|---|
| Type of securities issued / allotted | Unrated Senior Secured Non-Convertible Debentures ("NCDs") |
| Type of issuance | Private Placement |
| Total amount for issuance/allotment | Allotment of Fourth Tranche of 313 NCDs, out of total 1,994 NCDs, having a face value of Rs. 10,00,000/- each aggregating to an amount of Rs. 31,30,00,000/- (Rupees Thirty One Crore Thirty lakh only). |
| Size of the issue | Up to 1994 NCDs having a face value of Rs. 10,00,000/- each aggregating to an amount of Rs. 199.40 Crore (Rupees One Hundred Ninety-Nine Crore Forty Lakhs only). Out of this, 313 NCDs aggregating to an amount of Rs. 31,30,00,000/- have been allotted in this Fourth tranche, taking the aggregate allotment to 946 NCDs. |
| Date of Allotment | April 10, 2026 |
| Date of Maturity | Up to 54 months from the initial allotment date, i.e., July 16, 2025 (the "Tenure"). |
| Committed Return | 12% IRR for redemption from Project cash flows. |
The NCDs are structured to be redeemed in full at the end of the Tenure for an amount equal to the Issue Price plus the amount of Committed Return and any additional return.
The security structure created over the assets includes:
- An exclusive first charge by way of mortgage over the project land, leasehold rights, and development share of Grand Omaxe and Rajguru & Bhagat Singh (the "Project").
- An exclusive first charge by way of hypothecation over all bank accounts, receivables and over all current and noncurrent assets, both tangible and intangible, of the Project.
Additionally, an unconditional and irrevocable guarantee was provided by Mr. Rohtas Goel, Mr. Mohit Goel, Guild Builders Pvt Ltd., Dream Home Developers Pvt. Ltd., Udal Properties Pvt. Ltd., Advaita Properties Pvt. Ltd., Agasthya Properties Pvt. Ltd., Advay Properties Pvt. Ltd., and Amod Builders Pvt. Ltd. The security cover also includes an exclusive first charge by way of mortgage over Project Resort-A&B, Chandigarh, and an exclusive first charge by way of hypothecation over all bank accounts, receivables and all current and noncurrent assets, both tangible and intangible, of the Project Resort-A&B, Chandigarh.
The instrument carries a commitment for 12% IRR for redemption from Project cash flows. Should there be a delay in payment of interest or principal amount for a period exceeding three months from the due date, or default in payment of interest or principal, a 3% IRR will apply over and above the Committed Return.
The NCDs are scheduled for 100% redemption by the end of the Tenure.
OMAXE Stock Price Movement
Today, Omaxe Limited shares edged higher to close at ₹77.11, marking a gain of 1.41% for the day. The stock saw 47,881 shares traded, contributing to the movement in the Realty sector.Source:
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