Siyaram Recycling Industries Ltd Allots Rs 100 Crore in Secured NonConvertible Debentures
Siyaram Recycling Industries Ltd has completed the private placement allotment of Secured Redeemable NonConvertible Debentures (NCDs). The allotment was finalized by the Company's Debenture Allotment Committee on July 2, 2026.The transaction involved the issuance of 1,00,000 NCDs with a face value of Rs. 1,00,000/- each. This collective allotment aggregates to an amount of Rs. 10,00,00,00,000/- through the private placement route.
The newly issued debentures are proposed for listing on the Wholesale Debt Market Segment of BSE Limited and carry the ISIN INE756I07FR2. The tenure of these instruments is set at 1068 Days.
Details regarding the NCD allotment include the following structure:
| Particulars | Details |
|---|---|
| Size of Issue | 1,00,000 NCDs aggregating to Rs 10,00,00,00,000/- |
| Allotment Date | July 2, 2026 |
| Maturity Date | June 4, 2029 |
| Coupon/Interest Rate | 7.8998% |
A key feature of the instrument is the security created over the assets. A First and exclusive charge has been established by way of hypothecation over the present and future receivables of the Issuer. This charge must maintain a minimum asset cover equivalent to 1 time of the principal outstanding plus accrued interest, throughout the tenure of the NCDs.
The schedule for coupon/interest and principal repayment was set across three milestones: June 4, 2027, June 4, 2028, and finally upon maturity on June 4, 2029. The debentures are structured to be redeemable at Par on maturity.
Stock Price Movement
Siyaram Recycling Industries Ltd shares are ticking up at ₹39.61, posting a 2.54% gain as of 13:25. The stock traded within an intraday range defined by the low of ₹38.31 and high of ₹39.90.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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