Balkrishna Industries Limited has successfully completed the redemption of its Commercial Paper worth ₹100 crores on the scheduled due date of March 2, 2026. The company informed the stock exchanges about this completion through an official communication dated March 2, 2026.

Commercial Paper Redemption Details

The redemption pertains to the Commercial Paper with specific identification details that were previously communicated to the exchanges. The company had earlier intimated the record date for this redemption through a letter dated February 23, 2026.

Regulatory Compliance

The disclosure was made in accordance with SEBI Master Circular No. SEBI/HO/DDHS/PoD1/P/CIR/2024/54 dated May 22, 2024. This circular governs the issue and listing of various securities including Non-Convertible Securities, Securitized Debt Instruments, Security Receipts, Municipal Debt Securities and Commercial Papers.

The company also referenced the 'FAQs for listing of Commercial Papers' issued by BSE Limited as part of its compliance framework. Director & Company Secretary Vipul Shah certified that the entire redemption amount was paid on the due date.

Stock Exchange Communication

Balkrishna Industries communicated this development to both major stock exchanges where its securities are listed:

• BSE Limited: Scrip Code 502355 (Equity) and 730703 (Commercial Paper)
• National Stock Exchange: Trading Symbol BALKRISIND

The timely redemption demonstrates the company's commitment to meeting its financial obligations as scheduled and maintaining transparency with stakeholders through proper regulatory disclosures.

Balkrishna Industries Limited has successfully completed its fundraising initiative with the Finance Committee formally approving the issuance of non-convertible debentures worth ₹750 crore. The Finance Committee meeting, held on March 2, 2026, resulted in the approval of 75,000 rated, listed, unsecured, redeemable, non-convertible debentures.

Finance Committee Meeting Outcome

The Finance Committee of the Board of Directors convened on March 2, 2026, from 11:30 a.m. to 12:15 p.m., and approved the comprehensive debenture issuance plan. The committee authorized the issuance and allotment of 75,000 non-convertible debentures with a face value of ₹1,00,000 each, aggregating to ₹750 crore.

Debenture Structure and Terms

The approved debentures are structured as rated, listed, unsecured, redeemable, non-convertible instruments to be issued through private placement. The issuance will be conducted in one or multiple tranches, providing flexibility in the fundraising process. The Board of Directors had previously delegated powers to the Finance Committee regarding non-convertible debenture issuance at their meeting held on February 8, 2021.

Regulatory Compliance and Documentation

The debenture issuance falls within the current borrowing limits applicable to the company under Section 180(1)(c) of the Companies Act, 2013. The company has provided comprehensive details pursuant to Regulation 30 read with Schedule III of Securities and Exchange Listing Regulations, ensuring full regulatory compliance. The designated stock exchange for listing will be disclosed at the time of allotment, along with coupon rates and payment schedules.

Stock Exchange Notification

Both BSE Limited and National Stock Exchange of India Limited were formally notified about the fundraising outcome through document reference BIL/SE-2025-26. The communication was digitally signed by Vipul Shah, Director & Company Secretary and Compliance Officer (DIN: 05199526).

Balkrishna Industries Limited operates with its corporate office at BKT House in Mumbai's Lower Parel area and registered office in Waluj Industrial Area, Chhatrapati Sambhaji Nagar, Maharashtra. The company holds CIN No.: L99999MH1961PLC012185.