Himatsingka Seide allotted 700 Tranche 2 Series D Non-Convertible Debentures (NCDs) aggregating ₹35 crore on July 10, 2026, to raise capital through a private placement. The Securities Committee of the Board of Directors approved the allotment of these secured, unrated, and redeemable instruments, which carry a coupon rate of 11.50% per annum payable quarterly. The debentures have a face value of ₹5,00,000 each and were issued at par.

The tenor of the NCDs is set at 42 months from the deemed date of allotment, with a maturity date of January 10, 2030. Repayment of the principal will be structured in three instalments due at the end of 30 months, 36 months, and 42 months respectively. The company has created a first pari passu charge over immovable and movable fixed assets at its manufacturing plants in Hassan and Doddaballapur, Karnataka, along with a negative lien on land in Hassan and an exclusive charge over the Subscription Escrow Account.

Key Terms of the NCD Issue

The disclosure was made to the BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation follows a previous announcement dated June 29, 2026, regarding the proposed issuance.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE049A01027/1e99410c29fa440b.pdf

Himatsingka Seide has allotted 300 Tranche 1 Series D Non-Convertible Debentures (NCDs) aggregating ₹15 crore on a private placement basis to raise capital. The Securities Committee of the Board of Directors approved the issuance, with the allotment occurring on July 01, 2026. The NCDs carry a coupon rate of 11.50% per annum, payable quarterly, with a tenure of 42 months from the deemed date of allotment. The principal amount will be repaid in three installments at the end of 30 months, 36 months, and 42 months respectively. The issue is secured by a first pari passu charge on movable and immovable fixed assets at the Hassan and Doddaballapur plants, along with a negative lien on land and an exclusive charge over the Subscription Escrow Account. The filing was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.

Key Terms of Tranche 1 Series D NCDs

The Tranche 1 Series D issuance comprised 300 NCDs aggregating to ₹15 crore. The tranche has a face value of ₹5,00,000 each and is denominated in Indian Rupees. The date of allotment is July 01, 2026, with maturity on January 01, 2030. The securities are unlisted and unrated. In the event of a delay in payment of interest or principal for more than three months, a penalty of 2% will be applicable.

Security and Collateral Details

The security package includes a first pari passu charge by way of a registered or equitable mortgage and a deed of hypothecation over the entire immovable and movable fixed assets of the issuer, both present and future, located at the manufacturing plants in Hassan and Doddaballapur. Additionally, there is a negative lien over land admeasuring 4.85 acres located at Sy No. 25, 17/1, 17/2 & 23 at its manufacturing facility in Hassan. An exclusive charge over the Subscription Escrow Account, along with a Demand Promissory Note and Letter of Continuity, further secures the issue.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE049A01027/39d9dc832a4e442d.pdf