Jayaswal Neco Industries Reports Complete Utilization of Rs. 1,800 Crores NCD Funds
Jayaswal Neco Industries Limited has filed its Q4 FY26 compliance report confirming complete utilization of Rs. 1,800 crores raised through NCDs on 12th December, 2025. The funds were deployed as planned for debt repayment (Rs. 1,771.01 crores), finance costs (Rs. 23.35 crores), legal costs (Rs. 3.90 crores), and other corporate purposes, with no deviations reported. The statement, reviewed by the Audit Committee, demonstrates regulatory compliance under SEBI guidelines.
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Jayaswal Neco Industries Limited has submitted its quarterly compliance report to stock exchanges, confirming the complete utilization of Rs. 1,800 crores raised through Non-Convertible Debentures (NCDs) with no deviations from stated objectives. The report covers the quarter ended 31st March, 2026, following the fund raising completed on 12th December, 2025.
Fund Raising and Compliance Details
The company issued unlisted, unrated, secured, redeemable, fully paid up Non-Convertible Debentures on a private placement basis, raising Rs. 1,800 crores. The statement was filed pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and has been duly reviewed by the company's Audit Committee.
| Parameter: | Details |
|---|---|
| Mode of Fund Raising: | Private Placement NCDs |
| Date of Fund Raising: | 12th December, 2025 |
| Amount Raised: | Rs. 1,800 Crores |
| Report Period: | Quarter ended 31st March, 2026 |
| Deviation Status: | No deviations reported |
Fund Utilization Breakdown
The company has deployed the entire Rs. 1,800 crores as per the original allocation plan. The subscription proceeds were utilized for repayment of current outstanding debts, payment of costs and expenses related to the NCD issue, and other corporate purposes.
| Utilization Category: | Amount (Rs.) |
|---|---|
| Repayment of Outstanding NCDs: | 1,771,01,39,227.00 |
| Finance Costs Related to NCDs: | 23,34,58,637.48 |
| Legal Costs Related to NCDs: | 3,89,72,846.00 |
| Administrative & Other Expenses: | 45,15,832.00 |
| Other Corporate Purposes: | 1,29,13,457.52 |
| Total Utilized: | 1,800 Crores |
Regulatory Compliance and Oversight
The fund utilization statement confirms adherence to the original objectives outlined during the NCD issuance. The company reported that no monitoring agency was applicable for this fund raising exercise. Both the Audit Committee and auditors provided nil comments, indicating satisfactory compliance with the stated fund utilization plan.
The administrative expenses component included certification costs, statutory payments, and logistics costs related to the NCDs, along with maintaining minimum balance requirements in the designated account. The company secretary Ashish Srivastava and Chief Financial Officer Kapil Shroff signed off on the compliance documentation submitted to both NSE and BSE.
Historical Stock Returns for Jayaswal Neco Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.49% | -2.96% | +39.01% | +33.77% | +165.25% | +685.08% |
What impact will the debt repayment have on Jayaswal Neco's credit rating and future borrowing costs?
How will the improved debt profile affect the company's capital allocation strategy for upcoming projects?
What are the company's plans for future fundraising given the successful completion of this NCD issue?
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