Birla Corporation fully redeems ₹20 crore Series-VII NCDs on maturity
- Birla Corporation fully redeemed ₹20 crore in Series-VII NCDs on September 14, 2026
- The company paid interest of ₹1,86,01,371 inclusive of TDS alongside the principal
- Post-redemption, the firm has no outstanding non-convertible debentures
- The move clears the debt obligation originally issued at ₹10 lakh face value per unit
*this image is generated using AI for illustrative purposes only.
Birla Corporation Limited fully redeemed its Series-VII non-convertible debentures on September 14, 2026, clearing a debt obligation of ₹20 crore.
The company repaid the principal amount along with applicable interest of ₹1,86,01,371, inclusive of tax deducted at source. This transaction marks the final settlement of the instrument, which was originally issued at a face value of ₹10,00,000 per debenture.
Redemption Details
The redeemed securities comprised 500 secured, rated, and listed redeemable NCDs. Although the original face value per unit was ₹10,00,000, the outstanding face value at the time of redemption stood at ₹4,00,000 per unit, aggregating to the total principal of ₹20 crore.
| Instrument Detail | Value |
|---|---|
| Total Principal Redeemed | ₹20 crore |
| Interest Paid (incl. TDS) | ₹1,86,01,371 |
| Maturity Date | September 14, 2026 |
| Outstanding NCDs Post-Redemption | Nil |
Regulatory Disclosure
The disclosure was made pursuant to Regulation 30 and Regulation 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing confirms that Birla Corporation has no outstanding NCDs as of the redemption date.
Manoj Kumar Mehta, Company Secretary and Legal Head, signed the intimation on behalf of the company.
Historical Stock Returns for Birla Corporation
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.38% | -6.33% | -8.06% | -0.49% | -36.10% | 0.0% |
How will the reduction of ₹20 crore in debt obligations impact Birla Corporation's future interest coverage ratios and overall leverage metrics?
Will Birla Corporation issue new debt instruments to replace the redeemed NCDs, or does it plan to rely more heavily on equity financing for upcoming capital expenditures?
What strategic initiatives or projects is the company likely to fund with the improved liquidity resulting from this debt clearance?
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