Solar Industries India issues Rs 75 crore commercial paper at 6.93%
Solar Industries India Limited issued Commercial Paper worth Rs 75 crores on June 19, 2026, carrying a coupon rate of 6.93%. The 90-day instrument matures on September 17, 2026, with interest payable upfront. The issuance complies with SEBI regulations and involves 1500 units listed on BSE Limited.
*this image is generated using AI for illustrative purposes only.
Solar Industries India Limited raised Rs 75 crores through the issuance of Commercial Paper on June 19, 2026, to meet its short-term funding requirements. The debt instrument carries a coupon rate of 6.93% and has a tenure of 90 days, maturing on September 17, 2026. The company plans to list the Commercial Paper on BSE Limited.
The issuance comprises 1500 units, with the interest payment scheduled to be made upfront. Principal repayment will occur upon maturity. No security or charge has been created over the assets of the company for this instrument. The disclosure was made to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Details of the Commercial Paper
| Description | Details |
|---|---|
| Description of the security | Commercial Paper |
| Size of the issue | Rs 75 Crores |
| No of Units | 1500 |
| Listing of Commercial Paper (proposed) | BSE Limited |
| Tenure of instrument | 90 days |
| Date of allotment | June 19, 2026 |
| Date of maturity | September 17, 2026 |
| Coupon/interest offered | 6.9300% |
| Schedule of payment of interest | Upfront |
| Schedule of payment of principal | Payment on maturity |
| Charge/security created | N.A. |
The company confirmed that there are no special rights, interests, or privileges attached to the instrument. Additionally, there is no delay in payment of interest or principal, nor any pending letters or comments from regulatory authorities regarding the security.
Historical Stock Returns for Solar Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.62% | +5.31% | +0.18% | +53.35% | +5.58% | +1,038.68% |
How will the 6.93% coupon rate compare to prevailing market yields for similar unsecured commercial papers at the time of issuance?
Will Solar Industries India Limited look to raise additional short-term capital through similar instruments before the end of the fiscal year?
What specific working capital needs or expansion projects is the company targeting to address with these funds?
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