Pilani Investment & Industries Corporation Limited has fulfilled its quarterly regulatory obligations by submitting the required certificate under SEBI (Depositories and Participants) Regulations, 2018 to stock exchanges. The pilani investment & industries submitted the compliance certificate for the quarter ended 31st March, 2026 to both National Stock Exchange of India Limited and BSE Limited on 7th April, 2026.

Regulatory Compliance Details

The certificate was issued under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, which mandates quarterly compliance reporting by listed companies. The submission includes confirmation from the company's Registrar and Share Transfer Agent regarding proper handling of dematerialisation processes during the quarter.

Registrar Confirmation

Niche Technologies Private Limited, serving as the Registrar and Share Transfer Agent, issued the confirmation certificate on 6th April, 2026. The certificate confirms that securities received from depository participants for dematerialisation during the quarter were properly processed and confirmed to the depositories. The registrar also verified that all security certificates received for dematerialisation were mutilated and cancelled after due verification, with the depository name substituted in the company's register of members as the registered owner.

Company Information

Pilani Investment and Industries Corporation Limited operates with CIN L24131WB1948PLC095302 and maintains its registered office at Birla Building, 9/1, R. N. Mukherjee Road, Kolkata-700001. The company secretary, Rajkumar Singh Kashyap, signed the submission letter digitally on 7th April, 2026.

Registrar Details

Niche Technologies Private Limited, an ISO 9001:2015 certified company with CIN U74140WB1994PTC062636, operates from 3A, Auckland Place, 7th Floor, Kolkata. The certificate was signed by Ashok Sen, Manager – EDP, confirming the company's compliance with dematerialisation procedures and listing requirements during the specified quarter.

Pilani Investment & Industries Corporation Limited has successfully completed the allotment of non-convertible debentures worth ₹500 crores through private placement. The Investment and Finance Committee of the Board of Directors approved this significant debt issuance during their meeting held on March 25, 2026.

Debenture Issue Details

The company has allotted 50,000 fully paid, unsecured, listed, rated, non-cumulative, redeemable, rupee denominated, non-convertible debentures. Each debenture carries a face value of ₹1,00,000, bringing the total issue size to ₹500 crores.

Credit Ratings and Terms

The non-convertible debentures have received strong credit ratings of "AA+ (STABLE)" from both CARE and CRISIL rating agencies, indicating high credit quality and stable outlook. The instruments offer attractive terms for investors with a competitive coupon rate.

Payment Structure and Default Provisions

The debentures follow an annual coupon payment schedule, with the first coupon payment due on April 24, 2026, and subsequent payments annually thereafter. The company has established clear default provisions to protect investor interests.

In case of payment default beyond the due date, the company will pay additional interest at 2% per annum over and above the coupon rate on the defaulted amount. This penalty interest will be calculated from the due date until the actual payment date.

Redemption Terms

The debentures will be redeemed at par value at maturity on April 24, 2029. If the redemption date falls on a non-working day, the redemption amount will be paid on the immediately preceding working day, which becomes the new redemption date. The coupon payment due on the relevant coupon payment date will also be paid along with the redemption amount.

The Board meeting for approving this allotment commenced at 11:30 AM and concluded at 11:45 AM on March 25, 2026, demonstrating efficient decision-making by the company's leadership.