Pakka Limited allotted the second tranche of unlisted, secured, redeemable Non-Convertible Debentures (NCDs) aggregating ₹50 crore on June 25, 2026. The Fund Raising Committee of the Board approved the private placement to eligible investors, marking a step in the company's broader fundraising plan totaling ₹540 crore.

The debentures are divided into two series. The Junior Series includes 3000 NCDs with a face value of ₹1,00,000 each, aggregating ₹30 crore. The Senior Series comprises 2000 NCDs of the same face value, aggregating ₹20 crore. Neo Special Credit Opportunities Fund II, a SEBI-registered Category II Alternative Investment Fund, subscribed to the entire issue.

Coupon Rates and Maturity

The Junior Series offers a coupon rate of 19.40% per annum and matures on May 31, 2035. The Senior Series carries a lower coupon rate of 11.50% per annum with a maturity date of June 30, 2033. Both series are secured and unrated, issued on a private placement basis pursuant to the Companies Act, 2013 and relevant SEBI regulations.

Security Structure

The debenture obligations are secured by a security interest over various assets in favor of a Security Trustee. This includes a mortgage and charge on all immovable and movable assets of the New Project and the Project, both present and future. Additionally, the issuer has created a charge over all current assets, including receivables and investments, and a pledge over pledged securities of the issuer and Yash Agro Products Limited.

Issue Details

The allotment is part of a larger issue approved by the Board on May 26, 2026. The total issue size is capped at ₹540 crore, with the current tranche representing ₹50 crore of that amount. The NCDs are not listed on any stock exchange.

Pakka Ltd has accepted the resignation of Mrs. Neetika Suryawanshi as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective from the close of business hours on June 30, 2026. The resignation, tendered due to personal reasons, was accepted by Mr. Ved Krishna, Managing Director (KMP) of the company. This change in leadership was disclosed to the National Stock Exchange of India and BSE Limited on June 16, 2026.

The company stated that Mrs. Suryawanshi's resignation is not attributable to any disagreement or concern relating to financial reporting, management, governance, operations, or compliance matters. In her resignation letter, she confirmed that the decision was solely based on personal grounds and requested the Board to arrange for all necessary statutory and regulatory filings.

Resignation Details

The following table outlines the key particulars regarding the change in the company's Key Managerial Personnel:

The company placed on record its appreciation for the valuable contributions and services rendered by Mrs. Neetika Suryawanshi during her tenure as CFO. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and relevant circulars.