CESC board committee to review secured NCD issue on Sep 22
- 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

*this image is generated using AI for illustrative purposes only.
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 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 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?


































