Himatsingka Seide allotted ₹25 crore worth of Tranche 5 Series E Non-Convertible Debentures (NCDs) on August 28, 2026. The issuance was made on a private placement basis to eligible investors.

The company issued 500 debentures, each with a face value of ₹5 lakh. The instruments are unlisted, senior, secured, unrated, redeemable, taxable, and transferable. The allotment follows an earlier intimation dated July 10, 2026.

Key Terms of the Issue

The NCDs carry a coupon rate of 11.50% per annum, payable quarterly. The tenure of the instrument is 42 months from the deemed date of allotment, with maturity scheduled for February 28, 2030.

Repayment Structure

Principal repayment will occur in three instalments at the end of 30 months, 36 months, and 42 months respectively. Interest payments are due on a quarterly basis. A delay in payment of interest or principal for more than three months from the due date attracts a penalty of 2%.

Security and Charges

The debentures are secured by a first pari passu charge over the entire immovable and moveable fixed assets of the issuer, both present and future. This includes assets located at manufacturing plants in Hassan and Doddaballapur, Karnataka.

Additional security measures include:

• Negative lien over land admeasuring 4.85 acres at the Hassan facility
• Exclusive charge over the Subscription Escrow Account
• Demand Promissory Note and Letter of Continuity

The Securities Committee of the Board of Directors approved the allotment. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Himatsingka Seide confirmed the terms for its Series 1 Listed Non-Convertible Debentures (NCDs) on August 25, 2026. The company’s Securities Committee approved the issuance of ₹300 crore in senior, unsecured debt instruments via private placement.

The issuance includes an oversubscription option, or green shoe, of up to ₹250 crore, bringing the potential total size of the issue to ₹550 crore. The NCDs will be listed on the Bombay Stock Exchange (BSE).

Key Terms of Issue

The Securities Committee meeting, held from 3:00 pm to 3:30 pm, finalized the structure of the debt offering in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The terms are outlined below:

The principal repayment is structured across three distinct milestones rather than a bullet repayment at maturity. Investors will receive the principal back at the end of the 30th, 36th, and 42nd months respectively. Interest payments will continue on a quarterly basis throughout the tenure.

What the Numbers Show

The coupon rate of 11.50% positions the instrument within the prevailing corporate debt yield spectrum for unsecured obligations of this tenure. The staggered repayment schedule reduces the company’s liquidity pressure at the final maturity date compared to a lump-sum redemption, spreading the cash outflow over the last 12 months of the instrument’s life. The absence of security charges indicates the debt relies solely on the company’s creditworthiness and operational cash flows for servicing.