Himatsingka Seide allots Rs 15 Cr Tranche 1 Series E NCDs
Himatsingka Seide allotted 300 Tranche 1 Series E NCDs worth Rs 15 Cr on July 13, 2026, carrying an 11.50% coupon rate and a 42-month tenure maturing on January 13, 2030. The secured instruments are backed by a first pari passu charge on fixed assets in Karnataka and a negative lien on land in Hassan.
*this image is generated using AI for illustrative purposes only.
Himatsingka Seide has allotted 300 Tranche 1 Series E Non-Convertible Debentures (NCDs) aggregating ₹15 Cr on a private placement basis. The allotment, approved by the Securities Committee on July 13, 2026, carries a coupon rate of 11.50% per annum payable quarterly. This issuance is part of the company's broader debt management strategy, following a previous intimation regarding the re-classification of Series E NCDs aggregating ₹200 Cr.
The Tranche 1 Series E Debentures are senior, secured, unrated, unlisted, redeemable, and taxable instruments. Each debenture has a face value of ₹5,00,000 and is issued at par. The tenure is set at 42 months from the deemed date of allotment, with a specific maturity date of January 13, 2030. Principal repayment is structured in three instalments due at the end of 30 months, 36 months, and 42 months respectively.
Security for the debentures includes a first pari passu charge by way of a registered or equitable mortgage and a deed of hypothecation over the company's immovable and movable fixed assets. These assets are located at the manufacturing plants in Hassan and Doddaballapur, Karnataka. Additionally, a negative lien has been created over 4.85 acres of land at the Hassan facility, along with an exclusive charge over the Subscription Escrow Account.
The filing was submitted to 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 company confirmed there are no adverse letters or comments regarding payment or non-payment of interest or principal. A penalty of 2% will be levied in the event of a delay in payment exceeding three months from the due date.
Key Terms of Tranche 1 Series E NCDs
| Particulars | Details |
|---|---|
| Type of securities | Tranche 1 Series E Unlisted, Senior, Secured, Unrated, Redeemable, Taxable Transferable Non-Convertible Debentures |
| Type of issuance | Private placement to eligible investors |
| Total amount | ₹15,00,00,000 (Rupees Fifteen Crores only) |
| Tenure | 42 months from the deemed date of allotment |
| Date of allotment | July 13, 2026 |
| Date of maturity | January 13, 2030 |
| Coupon rate | 11.50% p.a., payable quarterly |
| Principal repayment | Three instalments at the end of 30, 36, and 42 months |
| Security | First pari passu charge on fixed assets; negative lien on land; exclusive charge on Subscription Escrow Account |
Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE049A01027/6adb1839-5740-433d-bdd3-c5dbaf329614.pdf
Historical Stock Returns for Himatsingka Seide
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.82% | -0.09% | +17.87% | -14.56% | -42.90% | -54.73% |
How will the 11.50% coupon rate impact Himatsingka Seide's overall cost of capital compared to its existing debt instruments?
What specific operational or expansion initiatives will the ₹15 Cr proceeds from this tranche fund?
Does the company plan to issue the remaining balance of the ₹200 Cr Series E NCDs in the near future?
16
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
