Gabriel India approves ₹1,000 crore unsecured NCD issue at 8.15%
- Gabriel India approved ₹1,000 crore in unsecured NCDs via private placement
- Instruments carry an 8.15% annual coupon with a 36-month tenure
- Maturity date is set for September 10, 2029
- Debentures will be listed on BSE's Wholesale Debt Market segment
*this image is generated using AI for illustrative purposes only.
Gabriel India Limited has approved the allotment of ₹1,000 crore in senior, unsecured, non-convertible debentures (NCDs) through a private placement. The Finance Committee sanctioned the issuance on September 10, 2026, marking a significant capital raising move for the engineering and infrastructure firm.
The company will issue 1,00,000 debentures, each with a face value of ₹1,00,000. The instruments are rated and redeemable, designed to raise an aggregate principal amount of up to ₹1,000 crore. This issuance follows an earlier disclosure dated August 24, 2026, indicating a structured approach to debt financing.
Instrument Terms
The NCDs carry a coupon rate of 8.15% per annum, payable annually. The tenure of the instrument is set at 36 months from the deemed date of allotment, which is September 10, 2026. Consequently, the maturity date for the principal repayment is September 10, 2029.
| Term | Detail |
|---|---|
| Issue Size | ₹1,000 crore |
| Coupon Rate | 8.15% per annum |
| Tenure | 36 months |
| Maturity Date | September 10, 2029 |
| Security Type | Unsecured |
| Listing Venue | BSE Wholesale Debt Market |
The debentures are unsecured, meaning they do not create any charge over the company’s assets. There are no special rights or privileges attached to these instruments beyond those ordinarily applicable to similar listed NCDs.
Default Provisions
The issuance documents outline specific penalties for default. If Gabriel India fails to pay interest or principal on the due date, interest will accrue on the unpaid sum at a rate of 2% per annum over and above the coupon rate. This penalty applies until the actual payment date or until any event of default is cured to the satisfaction of the Debenture Trustee.
Regulatory Compliance
The allotment was approved pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Finance Committee meeting concluded at 4:10 pm IST on September 10, 2026. The debentures will be listed on the Wholesale Debt Market segment of BSE Limited within statutory timelines.
Historical Stock Returns for Gabriel
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.62% | -3.34% | -10.74% | +53.06% | +6.35% | +840.76% |
How will Gabriel India's ₹1,000 crore debt issuance impact its net debt-to-equity ratio and overall credit rating outlook?
What specific infrastructure projects or expansion plans is Gabriel India targeting with the proceeds from this NCD issuance?
Given the 8.15% coupon rate, how does this cost of capital compare to Gabriel India's weighted average cost of capital (WACC) and current market lending rates?
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