NewsRamasigns Industries Limited Reports Nil Payment on Non-Convertible Debentures Worth Rs. 18,31,500Ramasigns Industries Limited Reports Nil Payment on Non-Convertible Debentures Worth Rs. 18,31,500
Ramasigns Industries Limited reported nil payment against Rs. 18,31,500 in interest and principal dues on its non-convertible debentures that were scheduled for March 31, 2026. The company filed this disclosure with BSE under SEBI regulations for its unsecured redeemable NCDs issued on private placement basis. The securities carry 7% interest rate with Rs. 10 lakh face value each and are listed on BSE Debt Segment.
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Ramasigns Industries Limited (formerly known as Rammaica India Limited) has disclosed to BSE Limited that it made nil payment against interest and principal obligations due on its non-convertible debentures. The company submitted this regulatory filing on March 31, 2026, under SEBI's listing obligations and disclosure requirements.
Payment Default Details
The company reported nil payment against total dues of Rs. 18,31,500 that were scheduled for March 31, 2026. The disclosure pertains to unsecured redeemable non-convertible debentures issued on a private placement basis.
| Parameter: | Details |
|---|---|
| ISIN: | INE650D08013 |
| Security Description: | RAMASIGNS INDUSTRIES LIMITED 7 NCD 31MY26 FVRS10LAC |
| Corporate Action: | Part Principle Payment and Interest Payment |
| Due Date: | March 31, 2026 |
| Total Amount Due: | Rs. 18,31,500 |
| Payment Made: | Nil |
| Listing Platform: | BSE Debt Segment |
Regulatory Compliance
The intimation was filed pursuant to Regulations 30 and 57(1) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. These regulations mandate companies to disclose material events and debt servicing information to stock exchanges in a timely manner.
Company Information
Ramasigns Industries Limited operates with CIN L36100MH1981PLC024162 and maintains its registered office in Goregaon (West), Mumbai. The disclosure was signed by Managing Director Pankaj Hasmukhlal Jobalia (DIN-03637846) through digital signature on March 31, 2026.
The non-convertible debentures carry a 7% interest rate and have a face value of Rs. 10 lakh each, with maturity scheduled for May 31, 2026. The securities are listed exclusively on BSE's debt segment for trading purposes.
Will Ramasigns Industries face credit rating downgrades that could impact its ability to raise future debt financing?
How might this default affect the company's relationships with existing lenders and suppliers ahead of the May 2026 maturity date?
Could this payment default trigger cross-default clauses in other debt agreements or financing arrangements?
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