Himatsingka Seide Limited has approved the issuance of Non-Convertible Debentures (NCDs) aggregating ₹600 crore to raise funds. The Board of Directors sanctioned the issuance of Series C and Series 1 NCDs on May 27, 2026, through a private placement basis. The securities carry a coupon rate of 11.50% per annum, payable quarterly.

The fund raising comprises two tranches. The Series C tranche involves 1,000 unlisted, unrated NCDs aggregating ₹50 crore. The Series 1 tranche involves 55,000 listed, rated NCDs aggregating ₹550 crore, accompanied by a Green Shoe Option of up to ₹250 crore. Both tranches have a tenure of 42 months from the deemed date of allotment.

Key Details of NCD Issuance

The company will create a first pari passu charge on entire movable and immovable fixed assets situated at its Hassan and Doddaballapur plants to secure the debentures. Additionally, a negative lien will be placed over land admeasuring 4.85 acres at its Hassan manufacturing facility. The principal for both series will be repaid in three instalments at the end of 30 months, 36 months, and 42 months respectively.

The decision was taken pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. The meeting commenced at 2:00 P.M. and concluded at 5:50 P.M. on May 27, 2026. The issuance is subject to applicable laws and necessary approvals.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE049A01027/a9dc3bd79b054559.pdf

Cohesion MK Best Ideas Sub-Trust has divested a significant portion of its holding in himatsingka seide through a series of open market transactions. The entity sold 23,28,473 equity shares between May 5 and May 8, 2026, a move that has altered its shareholding structure in the textile manufacturer.

Shareholding Details

The disposal of shares resulted in a reduction of the acquirer's stake from 5.19% to 2.21% of the paid-up share capital of Himatsingka Seide Limited. The transaction was executed via the open market mechanism, and the disclosure was filed in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Breakdown

The following table outlines the changes in shareholding before and after the transaction period:

Company Capital Structure

According to the disclosure, the total equity share capital of Himatsingka Seide Limited stood at 125,742,289 equity shares. These shares have a face value of ₹5 each and are fully paid-up, aggregating to ₹62,87,11,445. The capital structure remained unchanged before and after the said acquisition or sale of shares by the acquirer.