Greaves Cotton Limited's wholly owned subsidiary, Greaves Finance Limited, has successfully issued and allotted Non-Convertible Debentures (NCDs) worth Rs 25 crore to A.K. Capital Finance Limited on a private placement basis. This move marks a significant financial transaction for the NBFC subsidiary of Greaves Cotton Limited.

Key Details of the NCD Issue

Regulatory Compliance

In compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Greaves Cotton Limited informed the stock exchanges about this development. The company's Group General Counsel & Company Secretary, Atindra Basu, officially communicated this information to both the BSE Limited and the National Stock Exchange of India Limited.

Implications for Greaves Finance

This successful NCD issue by Greaves Finance Limited demonstrates the company's ability to raise funds through debt instruments. The 10.50% interest rate on the NCDs suggests a competitive borrowing cost for the company, which could potentially be used for various purposes such as expanding its lending operations or refinancing existing debt.

About Greaves Finance Limited

Greaves Finance Limited operates as an NBFC (Non-Banking Financial Company) and is a wholly owned subsidiary of Greaves Cotton Limited. This transaction highlights the subsidiary's active role in the financial services sector and its efforts to strengthen its capital base.

The issuance of these NCDs to A.K. Capital Finance Limited not only provides Greaves Finance with additional capital but also indicates investor confidence in the company's financial stability and growth prospects.

As the financial services arm of Greaves Cotton Limited, Greaves Finance's activities and performance can have a significant impact on the parent company's overall financial health and diversification strategy.

Greaves Cotton Limited , a diversified engineering company, has announced a significant change in its senior management team. The company has appointed Swarnendu Jha as Vice President – Energy Solutions, effective September 22, 2025.

New Appointment and Organizational Changes

Swarnendu Jha brings over 26 years of experience in the power generation industry to his new role at Greaves Cotton. His appointment marks a strategic move for the company's energy solutions division.

In light of this new appointment, the company has also announced that Abhijit Joshi, who currently serves as Head of Marketing and Sales, will report to Jha. Consequently, Joshi will no longer be classified as Senior Management Personnel under the SEBI (Listing Obligations and Disclosure Requirements) Regulations.

Swarnendu Jha's Professional Background

Jha's extensive experience in the power generation sector includes tenures with several leading organizations:

• Kirloskar Oil Engines Limited
• Cummins Generator Technologies India Pvt. Ltd.
• Cummins India Limited
• Power HF India
• Kohler Power Systems
• Greaves Cotton Limited
• MAR Al Bahar (Caterpillar Distributor in GCC)

Educational Qualifications

Swarnendu Jha holds a Bachelor of Engineering in Mechanical from SES College of Engineering, University of Pune. He has further enhanced his expertise with a PG Diploma in Sales & Marketing from Symbiosis Centre for Distance Learning, Pune.

Implications for Greaves Cotton

This appointment comes as Greaves Cotton continues to strengthen its position in the energy solutions market. Jha's extensive experience and educational background in both engineering and marketing suggest that the company is focusing on enhancing its technical capabilities while also potentially expanding its market presence in the power generation sector.

The reorganization, which includes changes in reporting structures and senior management classifications, indicates that Greaves Cotton is aligning its leadership team to meet evolving business needs and regulatory requirements.

As the energy sector continues to evolve, particularly with increasing focus on sustainable and efficient power solutions, Jha's appointment may signal Greaves Cotton's intent to capitalize on new opportunities in this dynamic market.