CESC board committee to review secured NCD issue on Sep 22

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Reviewed by
Ashish TScanX News Team
Key Highlights
  • CESC to review issuance of secured NCDs on Sep 22
  • Securities will be unlisted, redeemable, and rated
  • No details on issue size or coupon disclosed yet
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CESC Limited will review a proposal for the issuance of secured, unlisted, redeemable, and rated non-convertible debentures (NCDs) at its board committee meeting scheduled for September 22, 2026.

The company disclosed this development in a filing with the National Stock Exchange of India Limited and BSE Limited on September 17, 2026. The proposal involves debt securities that are secured and rated but will not be listed on any stock exchange.

Key Details

  • Instrument: Secured, Unlisted, Redeemable, Rated Non-Convertible Debentures
  • Meeting Date: September 22, 2026
  • Decision Body: Committee of the Board of Directors

The filing serves as an informational update for regulatory records and stakeholders. No specific details regarding the quantum of the issue, coupon rates, or maturity tenor were disclosed in this initial notice.

Jagdish Patra, Company Secretary & Compliance Officer, signed the communication.

Historical Stock Returns for CESC

1 Day5 Days1 Month6 Months1 Year5 Years
-0.08%-5.42%-15.65%-9.58%-15.79%+60.48%

What strategic rationale is driving CESC Limited to opt for unlisted secured NCDs rather than listed instruments or equity financing?

How might the final coupon rates and maturity tenor of these debentures compare to current market benchmarks for similar rated corporate debt?

Will this debt issuance impact CESC's credit rating or leverage ratios, and how could that affect its future borrowing costs?

CESC restores full power within 3.5 hours after Panihati sub-station fire

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Reviewed by
Jubin VScanX News Team
Key Highlights
  • Fire incident occurred at Panihati Distribution Sub-station on September 13, 2026
  • 80% of affected power supply restored within two hours
  • Full power supply restored within approximately three and a half hours
  • No casualties or injuries reported during the incident
  • Company has informed insurers regarding coverage on plant and machinery
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A fire incident occurred at CESC Limited 's Panihati Distribution Sub-station in the afternoon of September 13, 2026. The company restored approximately 80% of the affected power supply within two hours and achieved full restoration within approximately three and a half hours. There were no casualties or injuries reported during the incident.

The company’s emergency response and operations teams attended to the situation promptly. CESC Limited confirmed that it has insurance coverage on the plant and machinery involved and has informed its insurers about the incident.

Operational Response

The company stated that it continues to accord the highest priority to safety, reliability, and quality of service. Necessary measures have been taken to ascertain the cause of the incident and to strengthen preventive measures as appropriate.

This intimation was issued voluntarily in the interest of transparency on September 14, 2026.

Historical Stock Returns for CESC

1 Day5 Days1 Month6 Months1 Year5 Years
-0.08%-5.42%-15.65%-9.58%-15.79%+60.48%

How might the insurance claim process for the damaged plant and machinery impact CESC Limited's short-term capital expenditure plans?

What specific preventive measures or infrastructure upgrades is CESC planning to implement to mitigate the risk of similar incidents in the future?

Could this incident trigger stricter regulatory scrutiny or compliance reviews from West Bengal's electricity regulatory commission?

More News on CESC

1 Year Returns:-15.79%