Balkrishna Industries Approves ₹750 Crore Non-Convertible Debentures Issue

Balkrishna Industries Limited's finance committee has approved a significant debt fundraising initiative through the issuance of non-convertible debentures worth ₹750 crore. The committee meeting sanctioned this private placement offering to eligible investors with debentures to be listed on BSE.

Debenture Structure and Specifications

The approved issuance comprises rated, listed, unsecured, redeemable non-convertible debentures with a face value of ₹100,000 each. The instruments will be offered exclusively to eligible investors on a private placement basis, with the total aggregate principal amount reaching ₹750 crore.

Parameter:	Details
Total Issue Size:	₹750 crore
Face Value per Debenture:	₹100,000
Security Type:	Unsecured
Issuance Method:	Private Placement
Listing Exchange:	BSE
Target Investors:	Eligible investors under applicable laws

Series-wise Tenure and Interest Structure

The debentures are structured across three distinct series with varying tenures ranging from 3 to 5 years and coupon rates between 7.20% to 7.55% per annum to accommodate different investment horizons and risk preferences.

Series:	Tenure	Coupon Rate
Series I:	3 years	7.20% p.a.
Series II:	4 years	7.38% p.a.
Series III:	5 years	7.55% p.a.

Regulatory Compliance and Documentation

The company has ensured full compliance with applicable SEBI regulations for the issuance. The comprehensive disclosure follows regulatory requirements, with detailed terms and conditions to be outlined in the key information document provided to prospective investors. Payment schedules, redemption details, and special rights attached to the instruments will be specified in the accompanying documentation.

Corporate Authorization

The finance committee's formal approval represents a strategic debt fundraising initiative for the company. Balkrishna Industries operates with its corporate office at BKT House, Trade World, Kamala Mills Compound, Lower Parel, Mumbai, and registered office at Waluj MIDC, Chhatrapati Sambhaji Nagar, Maharashtra.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.14%	-1.05%	-12.62%	-11.44%	-18.32%	+25.63%

Balkrishna Industries Limited has received an income tax assessment order for Assessment Year 2023-2024 with a significant tax demand of ₹52.11 crores. The company disclosed this development through a regulatory filing under Regulation 30 of SEBI LODR Regulations.

Assessment Order Details

The income tax assessment order was passed by the Assistant Commissioner of Income Tax, Central Circle 3(2) Mumbai under section 143(3) read with section 144C(3) of the Income-Tax Act, 1961. The company received intimation of the order on March 19, 2026, at 7:26 p.m. (IST) via email.

Parameter	Details
Assessing Authority	Assistant Commissioner of Income Tax, Central Circle 3(2) Mumbai
Nature of Order	Assessment order under section 143(3) read with section 144C(3)
Assessment Year	2023-2024
Tax Demand	₹52.11 crores
Date of Receipt	March 19, 2026 (7:26 p.m.)

Company's Response and Impact

Balkrishna Industries has clarified that there is no impact on the financial, operational or other activities of the company due to the alleged tax demand. The company emphasized that the assessment order is appealable and stated that it is in the process of contesting the order at the higher appellate level.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with sub-para 20 of Para A of Part A of Schedule III of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information has also been placed on the company's website at www.bkt-tires.com for stakeholder access.

The filing was signed by Vipul Shah, Director & Company Secretary and Compliance Officer, indicating the company's commitment to maintaining transparency with regulatory authorities and investors regarding material developments.