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India Debt Bond Securities SEBI Regulatory Filings — August 24, 2026

India Debt Securities Intelligence

By Gunpowder Editorial ·

3 high priority 19 medium priority 22 total filings analysed

Executive Summary

Over the August 24, 2026 filing cycle, the Indian debt securities market demonstrated robust operational health, characterized by a high volume of routine redemptions and interest payments with zero reported defaults.

A dominant theme was the significant refinancing and capital-raising activity among housing finance companies (HFCs) and NBFCs, with Godrej Housing Finance alone redeeming ₹100 crore in CPs across multiple filings, while Muthoot Capital, Manba Finance, and Akme Fintrade collectively announced new NCD issuances worth ₹240 crore at attractive coupon rates (9.25%-10.60%). The highest materiality event was Avenue Supermarts (DMart) securing an ICRA AAA (Stable) rating for a proposed ₹1,000 crore NCD issuance, signaling pristine credit quality for a non-financial corporate. Across the 22 filings, the market exhibited a clear bifurcation: large, well-capitalized entities like Tata Power and Kotak Mahindra Prime are efficiently managing short-term CP rollovers, while mid-sized NBFCs are actively tapping the NCD market at premium yields to fund growth, creating a yield curve opportunity for debt investors. No insider trading activity, period-over-period financial comparisons, or guidance changes were present in these routine compliance filings, shifting the analytical focus to capital allocation trends and credit quality assessments.

Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →

Filing types in this digest: Debt securities

Tracking the trend? Catch up on the prior India Debt Bond Securities SEBI Regulatory Filings digest from August 21, 2026.

Investment Signals (10)

  • Avenue Supermarts (DMart) (BULLISH)

    Secured a top-tier ICRA AAA (Stable) rating for a proposed ₹1,000 Cr NCD issue, reflecting the highest degree of safety. This is a rare AAA-rated corporate bond in the retail sector, offering a flight-to-quality opportunity for risk-averse debt investors

  • Allotted NCDs at a 10.60% coupon, the highest yield among new issuances in this batch. With a 27-month tenure and 1.1x asset cover, this offers a compelling risk-reward for investors seeking yield in the secured NCD space

  • Issued ₹100 Cr in NCDs at a 9.25% coupon (monthly pay), with a 36-month bullet repayment structure. The monthly payout feature is attractive for income-focused investors, though the 1.1x coverage ratio is standard for the sector [NEUTRAL/BULLISH]

  • Board approved raising up to ₹1,000 Cr via unsecured NCDs. As an auto-ancillary company tapping the debt market for a large sum, this signals potential capex or refinancing needs. The unsecured nature of the debt warrants monitoring of its leverage ratios

  • Tata Power Company Limited (BULLISH)

    Fully redeemed ₹500 Cr in CPs on time, demonstrating strong liquidity management. The company's ability to roll over or retire short-term paper reinforces its high credit standing in the power sector

  • Issued ₹300 Cr in CPs at a 7.00% discount rate for a 180-day tenure. This short-term paper provides a benchmark for corporate borrowing costs in the telecom sector, currently at 7% p.a.

  • India Infradebt Limited (BULLISH)

    Made its first interest payment of ₹30.19 Cr on an ₹800 Cr NCD issue (semi-annual coupon). The successful first payment establishes a track record for this infrastructure debt instrument

  • Kotak Mahindra Prime Limited (BULLISH)

    Paid ₹10.69 Cr in annual interest on its ₹700 Cr NCD, confirming its status as a consistent, high-grade debt issuer in the auto-finance space

  • 360 ONE Prime Limited & 360 ONE Alternates AMC (BULLISH)

    Both entities successfully redeemed CPs on schedule, showcasing the asset management group's disciplined treasury operations and liquidity management

  • Made a timely partial redemption (₹4.16 Cr) and interest payment (₹0.40 Cr) on its NCDs, reducing outstanding to ₹41.66 Cr. This demonstrates a proactive debt reduction strategy, improving its credit profile

Risk Flags (7)

  • Godrej Housing Finance [MEDIUM RISK]

    Filed 5 separate, identical CP redemption certificates (₹100 Cr each) for the same ISIN (INE02JD14856) on the same day. While likely a clerical error or batch processing, the duplication raises questions about internal controls and reporting accuracy at the company

  • The new NCD issue (9.25% coupon) carries a 2% p.a. default penalty for delays exceeding three months. The high penalty rate suggests the company is pricing in potential collection stress in its loan portfolio, a common risk for gold-loan NBFCs

  • Si Creva Capital Services [LOW RISK]

    Dispatched AGM notices to debenture holders without registered emails, indicating a potential gap in investor communication infrastructure. This could lead to missed voting or important updates for non-institutional holders

  • The NCD issuance (up to ₹50 Cr) does not disclose coupon rates or tenure in the filing, creating opacity for investors. The lack of key terms in a public disclosure is a red flag for transparency

  • The proposed ₹1,000 Cr NCD issuance is unsecured, meaning bondholders have no claim on assets in case of default. This significantly increases credit risk for investors compared to secured NCDs from peers

  • NBFC Sector (General) [MEDIUM RISK]

    Multiple NBFCs (Muthoot, Manba, Akme) are issuing NCDs with only 1.1x asset coverage. This thin cushion means a small deterioration in loan portfolio quality could breach covenants, posing a systemic risk for sub-investment-grade issuers

  • While making payments, the partial redemption reduces the outstanding by only 9%, indicating a slow deleveraging pace. For a finance company, a gradual paydown could signal cash flow constraints

Opportunities (8)

  • Avenue Supermarts (DMart) / AAA Corporate Bond (OPPORTUNITY)

    With an ICRA AAA rating, DMart's proposed ₹1,000 Cr NCD will likely offer a yield of 7.25%-7.50%, providing a rare, high-quality corporate bond alternative to government securities for institutional investors

  • The 10.60% coupon on a secured NCD with 1.1x cover is an attractive entry point for yield-seeking investors. The quarterly payout structure (starting Nov 2026) also provides regular income, appealing to retail and HNI investors

  • The 9.25% monthly-coupon NCD is a unique product for investors needing steady cash flows. Compared to bank FDs offering 6-7%, this presents a 200-300 bps yield pick-up for a similar credit profile

  • The 7.00% discount rate on its 180-day CP provides a benchmark for short-term corporate paper. Investors can lock in a 7% annualized return with minimal duration risk, suitable for money market allocations

  • India Infradebt / Infrastructure Debt Play (OPPORTUNITY)

    The successful first interest payment on its ₹800 Cr NCD establishes a track record. As infrastructure financing gains policy support, this instrument could see secondary market demand, offering capital appreciation potential

  • The board's approval to raise ₹1,000 Cr could precede a major capex announcement or acquisition. Equity investors should watch for the use of proceeds, as debt-funded expansion could boost ROE if deployed efficiently

  • The company is raising ₹50 Cr via NCDs to be listed on NSE. Once the coupon rate is disclosed, it could offer a premium yield for a smaller NBFC, providing diversification for a high-yield bond portfolio

  • The company is actively reducing its debt through partial redemptions. If this trend continues, the improving credit profile could lead to a rating upgrade, benefiting existing bondholders

Sector Themes (5)

  • Housing Finance Dominance in CP Market

    Godrej Housing Finance alone accounted for 5 of the 22 filings, all related to CP redemptions. This indicates that HFCs are heavy users of the CP market for short-term liquidity, and their ability to repay on time is critical for market stability

  • NBFC NCD Issuance at Premium Yields

    Muthoot (9.25%), Manba (10.60%), and Akme (undisclosed) are all tapping the NCD market at yields significantly above AAA-rated corporates. This reflects a 'hunt for yield' by investors and a reliance on debt capital by mid-tier NBFCs for growth

  • Zero Default Environment

    Across 22 filings involving multiple interest payments, redemptions, and principal repayments, there was not a single instance of delay or default. This reinforces the strong credit discipline in the Indian debt market, particularly among listed entities

  • Routine Compliance Overload

    A significant portion of filings (e.g., 5 identical Godrej filings, 2 360 ONE filings) are duplicative or highly routine. This creates 'noise' for analysts, suggesting that SEBI could streamline reporting requirements for CP redemptions to reduce administrative clutter

  • Secured vs. Unsecured Divide

    While most NBFC issuances (Muthoot, Manba, Akme) are secured with asset cover, Gabriel India's proposed ₹1,000 Cr issue is unsecured. This creates a clear bifurcation in risk profiles, with unsecured debt requiring higher yields to attract investors

Watch List (6)

  • Avenue Supermarts (DMart) / NCD Issue Pricing
    👁

    Watch for the final coupon rate on the ₹1,000 Cr AAA-rated NCD. If priced at a tight spread to G-secs, it could signal strong demand; if wider, it may indicate market concerns about retail sector headwinds

  • The company's board approval for ₹1,000 Cr in unsecured NCDs needs monitoring. Any announcement regarding capex, acquisitions, or working capital expansion will be key for equity and debt investors

  • Si Creva Capital Services / 11th AGM (Aug 27, 2026)
    👁

    The AGM scheduled for August 27, 2026, could reveal strategic plans or financial updates. Debenture holders should participate or access the annual report for credit quality assessment

  • Grihum Housing Finance / NCD Partial Redemption (Sept 25, 2026)
    👁

    The record date is Sept 4, 2026, for a partial redemption of its 8.45% NCD. Investors should ensure they are on the record to receive the ₹5,000 per debenture paydown

  • The NCDs are proposed to be listed on BSE's Wholesale Debt Market. Post-listing, secondary market trading volumes and price discovery will indicate investor appetite for high-yield secured paper

  • With a new ₹100 Cr NCD issued at 9.25% monthly pay, any future delay in monthly interest would be an early warning sign for credit stress in the gold-loan NBFC sector

Filing Analyses (22)
Tata Communications Limited Debt Securities neutral materiality 2/10

24-08-2026

Tata Communications Limited has issued and allotted Commercial Paper (CP) aggregating to ₹300 crore, with a face value of ₹5,00,000 per security and a discount rate of 7.00% p.a. The CP was issued on August 21, 2026, will be redeemed on February 17, 2027, and was listed on the National Stock Exchange of India Limited on August 24, 2026. This is a routine debt issuance disclosure under SEBI regulations and does not indicate any change in the company's financial performance.

  • · ISIN of the Commercial Paper: INE151A14347
  • · Date of Issue: August 21, 2026
  • · Date of Redemption: February 17, 2027
  • · Listing date on NSE: August 24, 2026
Unknown Debt Securities neutral materiality 2/10

24-08-2026

ICICI Home Finance Company Limited has made a timely interest payment of Rs. 4,303.21500 lakh on its debentures (ISIN INE071G07843) with an issue size of Rs. 60,000.00 lakh. The payment was due on August 22, 2026, but was made on August 24, 2026, the next business day, in accordance with the terms of the General Information Document. This is a routine regulatory disclosure under Regulation 57 of SEBI LODR and does not indicate any default or delay.

  • · Interest payment record date: 07/08/2026
  • · Due date for interest payment: 22/08/2026
  • · Actual date of interest payment: 24/08/2026
  • · Date of last interest payment: 22/08/2025
  • · Interest frequency: Annually and on maturity
  • · No change in frequency of payment
  • · No reason for non-payment or delay
Unknown Debt Securities neutral materiality 3/10

24-08-2026

360 ONE Prime Limited has redeemed 600 commercial papers (ISIN INE248U14TP6) on the scheduled payment date of August 24, 2026, fulfilling its debt obligation. The company has certified the redemption and payment to the BSE.

  • · The redemption was made on the due date of August 24, 2026.
  • · The scrip code for the commercial papers is 731739.
  • · The company's CIN is U65990MH1994PLC080646.
Muthoot Capital Services Limited Debt Securities neutral materiality 1/10

24-08-2026

Muthoot Capital Services Limited confirmed timely payment of monthly interest of ₹1,00,85,616.44 on debentures (ISIN: INE296G07291) with an issue size of ₹125,00,00,000. The payment due date of August 23, 2026 fell on a Sunday, so the actual payment was made the next business day, August 24, 2026, in accordance with the terms of issue. The filing serves as a routine regulatory confirmation and contains no negative indicators.

  • · Interest payment frequency: Monthly
  • · Interest payment record date: 08.08.2026
  • · Due date for Interest payment: 23.08.2026
  • · Actual date for Interest payment: 24.08.2026
  • · Date of last Interest payment: 23.07.2026
  • · No change in frequency of payment
Laxmi India Finance Limited Debt Securities positive materiality 4/10

24-08-2026

Laxmi India Finance Limited has certified to BSE that it made timely payment of interest (₹40,87,329) and partial redemption (₹4,16,66,667) on its 50,000 Non-Convertible Debentures (ISIN INE06WU07072) on the due date of August 24, 2026. The outstanding amount after the partial redemption is ₹41,66,66,667. The company has maintained full compliance with its debt obligations, with no delays or defaults reported.

  • · The interest payment frequency is monthly.
  • · The last interest payment before this one was made on July 24, 2026.
  • · The partial redemption was by face value, not by quantity.
  • · The reason for redemption is 'As per Debenture Trust Deed'.
  • · The company was formerly known as Laxmi India Finance Private Limited.
Unknown Debt Securities positive materiality 3/10

24-08-2026

Godrej Housing Finance Limited has certified to BSE Limited that it made timely payment of the maturity amount for a listed Commercial Paper (ISIN INE02JD14856) of ₹100,00,00,000 (₹100 Crore) on August 24, 2026, the scheduled maturity date. The filing confirms the company's compliance with SEBI's listing obligations for commercial paper.

  • · The Commercial Paper had ISIN INE02JD14856 and scrip code 731732.
  • · The payment was made on the maturity date of August 24, 2026, with no delay.
  • · The certificate is submitted under Chapter XVII of SEBI Master Circular SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated October 15, 2025.
Unknown Debt Securities neutral materiality 1/10

24-08-2026

Godrej Housing Finance Limited has certified to BSE Limited that it made timely payment of the maturity amount for its listed Commercial Paper (ISIN INE02JD14856) of ₹100,00,00,000 (₹100 Crore) on the maturity date of August 24, 2026. This is a routine compliance filing confirming no default or delay in payment obligations.

  • · The Commercial Paper had a maturity date of August 24, 2026, and payment was made on the same day.
  • · The filing is made under Chapter XVII of SEBI Master Circular SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated October 15, 2025.
Unknown Debt Securities positive materiality 3/10

24-08-2026

Godrej Housing Finance Limited has certified to BSE that it made timely payment of the maturity amount for its listed Commercial Paper (ISIN INE02JD14856) of ₹100,00,00,000 (₹100 Crore) on August 24, 2026, as required under SEBI's Master Circular. The filing confirms the company's compliance with its debt obligations and no default occurred.

  • · The Commercial Paper had a maturity date of August 24, 2026, and payment was made on the same day.
  • · The filing references SEBI Master Circular SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated October 15, 2025.
  • · The company is registered under CIN U65100MH2018PLC315359 and is part of the Godrej Capital group.
Unknown Debt Securities positive materiality 3/10

24-08-2026

Godrej Housing Finance Limited has certified to BSE Limited that it made timely payment of the maturity amount of its listed Commercial Paper (ISIN INE02JD14856) on August 24, 2026, in compliance with SEBI regulations. The payment of ₹100,00,00,000 (₹100 crore) was made on the scheduled maturity date, indicating no default.

  • · The Commercial Paper had a maturity date of August 24, 2026, and the payment was made on the same date.
  • · The certificate was issued under Chapter XVII of SEBI Master Circular SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated October 15, 2025.
  • · The company is a Godrej Capital company, with registered office in Mumbai, Maharashtra.
Unknown Debt Securities positive materiality 3/10

24-08-2026

Godrej Housing Finance Limited has certified to BSE that it made timely payment of the maturity amount for its listed Commercial Paper (ISIN INE02JD14856) of ₹100,00,00,000 on the maturity date of August 24, 2026. This confirms the company's compliance with SEBI's listing requirements for commercial paper.

  • · The Commercial Paper matured and was paid on the same date: August 24, 2026.
  • · The filing references SEBI Master Circular SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated October 15, 2025.
  • · The company's CIN is U65100MH2018PLC315359.
Unknown Debt Securities neutral materiality 3/10

24-08-2026

Grihum Housing Finance Limited has announced a partial redemption of its 8.45% Secured Rated Listed Redeemable Non-Convertible Debentures (ISIN: INE055I07180). The current face value of ₹45,000 per debenture will be reduced by ₹5,000 to ₹40,000 post redemption, effective on the payment date of 25 September 2026. The record date for the redemption is set as 04 September 2026.

  • · The NCDs carry an 8.45% coupon rate.
  • · Record date for the redemption is 04 September 2026.
  • · Payment date for the part redemption is 25 September 2026.
  • · The company has 10,000 debentures outstanding under ISIN INE055I07180.
Unknown Debt Securities neutral materiality 3/10

24-08-2026

India Infradebt Limited confirmed timely payment of ₹30,19,20,000 in interest on its Non-Convertible Debentures (ISIN INE537P07885) for the period February 23, 2026 to August 22, 2026. The payment was made on August 24, 2026, one day after the due date of August 23, 2026, which fell on a Sunday. This is the first interest payment for the debentures, which have an issue size of ₹800,00,00,000 and an annual frequency.

  • · Interest payment record date was August 8, 2026.
  • · Due date for interest payment was August 23, 2026 (Sunday), actual payment made on August 24, 2026.
  • · This is the first interest payment for the debentures; no prior interest payment date exists.
  • · Interest is paid annually, with no change in frequency.
  • · The reported interest amount is gross; actual payment is subject to TDS.
Unknown Debt Securities neutral materiality 3/10

24-08-2026

Tata Power Company Limited has fully redeemed Commercial Papers (CPs) worth ₹500 crore that were issued on May 27, 2026. The maturity proceeds have been paid to the holder on August 24, 2026, in compliance with SEBI regulations.

  • · The CPs were issued on May 27, 2026 and fully redeemed on August 24, 2026.
  • · The ISIN of the redeemed CPs is INE245A14LB1.
Unknown Debt Securities neutral materiality 1/10

24-08-2026

Nuvama Wealth Finance Limited has redeemed and fully paid the amount due on Commercial Papers issued under ISIN INE918K14DN4, which were originally issued via an offer document dated May 26, 2026. This is a routine debt servicing event without any financial or operational implications beyond standard repayment.

  • · The Commercial Papers were originally issued under an offer document dated May 26, 2026.
  • · The redemption was completed on or before August 24, 2026.
  • · No details regarding the principal amount, interest, or any outstanding balance beyond this redemption are disclosed.
Unknown Debt Securities neutral materiality 3/10

24-08-2026

Kotak Mahindra Prime Limited certified timely payment of interest on its listed Non-Convertible Debentures (ISIN INE916DA7TM9) on the due date of August 24, 2026. The interest amount paid was Rs. 10,69,94,524/- (excluding TDS) on an issue size of Rs.700 Crores. No redemption payments were applicable.

  • · Interest payment frequency is yearly.
  • · Interest payment record date was 07/08/2026.
  • · No change in frequency of payment.
  • · No previous interest payment applicable (first payment).
  • · No redemption payments were due or made.
Unknown Debt Securities neutral materiality 1/10

24-08-2026

360 ONE Alternates Asset Management Limited has redeemed 200 commercial papers (ISIN INE0TQI14400) on the scheduled payment date of August 24, 2026. This is a routine debt servicing event with no financial impact beyond the fulfillment of existing obligations.

  • · Scrip code for the redeemed commercial papers: 731745
  • · ISIN: INE0TQI14400
  • · Corporate action type: Redemption
  • · Payment date: August 24, 2026
Unknown Debt Securities neutral materiality 1/10

24-08-2026

Si Creva Capital Services Private Limited has dispatched a letter to debenture holders without registered email IDs, providing the web-link to the Annual Report for FY 2025-26 and the Notice for the 11th Annual General Meeting (AGM) scheduled for August 27, 2026. The filing is a routine compliance disclosure under SEBI Listing Regulations and contains no financial results or performance data.

  • · The 11th AGM is scheduled for Thursday, August 27, 2026, at 03:00 p.m. IST at the registered office in Mumbai.
  • · The Annual Report and AGM Notice are also available on BSE's website (www.bseindia.com).
  • · The letter was dispatched to debenture holders whose email addresses are not registered with the Company/RTA/Depositories.
Avenue Supermarts Limited Debt Securities positive materiality 5/10

24-08-2026

Avenue Supermarts Limited (DMart) has been assigned an ICRA AAA (Stable) credit rating for its proposed Non-Convertible Debentures of Rs. 1,000 crore. The rating reflects the highest degree of safety regarding timely servicing of financial obligations. This is a routine credit rating assignment with no negative or flat metrics to report.

  • · Rating action: assigned; outlook: Stable
  • · Regulatory sector regulator: SEBI
  • · Penny-drop verification encouraged per SEBI circular SEBI/HO/DDHS/DDHS-PoD-3/P/CIR/2024/160 dated November 18, 2024
Muthoot Capital Services Limited Debt Securities neutral materiality 5/10

24-08-2026

Muthoot Capital Services Limited has allotted 1,00,000 Senior, Secured, Rated, Listed, Redeemable, Taxable, Non-Convertible Debentures of face value ₹10,000 each, aggregating ₹100 Crore, on a private placement basis. The NCDs carry a coupon rate of 9.25% per annum payable monthly, have a tenure of 36 months (maturing August 24, 2029), and are proposed to be listed on BSE Limited. The issue is secured by standard loan receivables and current assets with a minimum asset coverage ratio of 1.1 times.

  • · The NCDs have a tenure of 36 months with a bullet principal repayment at maturity.
  • · A default interest rate of 2% per annum over the coupon applies for delays exceeding three months.
  • · The debentures are secured by standard loan receivables and current assets, with a minimum asset coverage ratio of 1.1 times.
  • · Step-up coupon of up to 25 basis points per notch downgrade from current rating 'AA-'; coupon can be restored if rating upgrades, but never below the initial 9.25%.
  • · Deemed date of allotment and maturity are August 24, 2026, and August 24, 2029, respectively.
Gabriel India Limited Debt Securities neutral materiality 6/10

24-08-2026

Gabriel India Limited's board has approved raising up to INR 1,000 Crore through the issuance of senior, unsecured, rated, listed, redeemable, non-convertible debentures on a private placement basis. The board also constituted a Finance Committee to oversee the issuance. The filing does not provide any comparative period data, so no period-over-period analysis is possible.

  • · The debentures are to be listed on BSE Limited.
  • · The debentures are unsecured (no charge/security over assets).
  • · The Finance Committee has been delegated powers pertaining to the issuance.
  • · The board meeting lasted 42 minutes (10:00 AM to 10:42 AM IST).
Akme Fintrade (India) Limited Debt Securities neutral materiality 5/10

24-08-2026

Akme Fintrade (India) Limited has approved the issuance of listed, rated, senior, secured, redeemable non-convertible debentures (NCDs) for up to INR 50 Crore in two series (Series A1 and Series A2) on a private placement basis. The debentures will be listed on the National Stock Exchange of India Limited and will maintain a minimum security cover of 1.10x over loan receivables. The filing includes detailed default and penalty provisions but does not disclose the coupon rate, tenure, or specific financial performance metrics.

  • · The issuance is on a private placement basis to eligible investors.
  • · The debentures are proposed to be listed on the National Stock Exchange of India Limited.
  • · The security cover is maintained over loan receivables (present and future) that meet specified eligibility criteria.
  • · In case of payment default or event of default, an additional interest of 2% p.a. is payable until cured or final redemption.
  • · For breach of covenants, additional interest of 2% p.a. is payable, with penalties due within 30 calendar days and recurring every 30 days if breach continues.
  • · Delay in security creation attracts additional interest of 2% p.a. over the interest rate.
  • · Delay in execution of Debenture Trust Deed attracts penal interest of at least 2% p.a. over the coupon rate until execution.
  • · No coupon rate, tenure, or specific financial performance data is disclosed in this filing.
Manba Finance Limited Debt Securities neutral materiality 5/10

24-08-2026

Manba Finance Limited has allotted 9,000 Rated, Unsubordinated, Listed, Secured, Transferable Redeemable Non-Convertible Debentures (NCDs) of ₹1,00,000 each, aggregating to ₹90,00,00,000 on a private placement basis. The NCDs carry a coupon rate of 10.60% and have a tenure of 27 months and 4 days, maturing on November 28, 2028. The debentures are secured by a first-ranking charge on identified receivables at 1.1x the outstanding amount.

  • · The NCDs are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.
  • · ISIN for the NCDs is INE939X07267.
  • · Interest and principal are payable quarterly on specific dates from November 28, 2026 to November 28, 2028.
  • · Security cover is maintained at 1.1x times the outstanding amount of the debentures.
  • · Delay in payment attracts a penalty of 2.00% over the coupon rate.

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