Himatsingka Seide Limited has successfully completed the allotment of Series B Non-Convertible Debentures (NCDs) worth ₹100.00 crores through private placement. The Securities Committee of the Board of Directors finalized the allotment on December 19, 2025, following the board approval granted on December 12, 2025.

Allotment Details and Timeline

The company allotted 1,000 Series B NCDs on December 19, 2025, each carrying a face value of ₹10.00 lakhs at par value. The allotment was completed within the stipulated timeline of one month from board approval, demonstrating efficient execution of the fundraising plan.

NCD Structure and Security Framework

The debentures are INR-denominated, unlisted, senior, secured, redeemable and transferable instruments issued through private placement. The NCDs are backed by comprehensive security arrangements including first pari passu charge on moveable and immoveable fixed assets at Hassan and Doddaballapur plants.

Redemption Schedule and Payment Terms

The debentures feature a structured redemption mechanism with a 12-month moratorium period followed by 10 quarterly installments. The repayment structure includes applicable redemption premium as required, with a default penalty of 2% for delays exceeding three months from due dates.

Regulatory Compliance and Communication

Himatsingka Seide has fulfilled all disclosure requirements under Regulation 30 of SEBI Listing Regulations. The allotment details have been communicated to both BSE Limited and National Stock Exchange of India Limited through reference HSL/SEC/2025/88 dated December 19, 2025, ensuring complete regulatory compliance.

Himatsingka Seide Limited , a prominent player in the textile industry, has reported a 9.3% decline in consolidated revenue for the second quarter. The company's financial performance has been significantly impacted by ongoing US tariffs, prompting strategic shifts in its market focus and potential fundraising plans.

Key Financial Highlights

Impact of US Tariffs

The primary reason for the revenue decline is attributed to the ongoing 50% US tariffs, which have significantly affected Himatsingka Seide's revenue streams from the US markets. Despite these challenges, the company reports that the offtake of goods has remained largely stable, with only marginal impacts on the order book and shipments.

Strategic Response

To mitigate the impact of US tariffs, Himatsingka Seide is implementing several strategic initiatives:

1. Diversification of Revenue Streams: The company aims to reduce its US exposure to below 50% over the next couple of years.
2. Global Expansion: Himatsingka Seide is focusing on enhancing revenue from non-US jurisdictions, currently servicing 38 different markets.
3. Domestic Market Growth: The company's India business continues to show consistent year-on-year growth, reinforcing its domestic presence.
4. Brand Portfolio Expansion: In India, Himatsingka Seide operates with three brands - Himeya, Atmosphere, and Liv - catering to various price points and demographics.

Operational Performance

Financial Stability and Future Plans

• Net Debt: ₹2,436.00 crores in Q2, down from ₹2,680.00 crores in the same period last year.
• Equity Fundraising: The company is exploring options to raise up to ₹500.00 crores for balance sheet deleveraging, with plans to finalize within the next 12 months.

Management Commentary

Shrikant Himatsingka, Executive Vice-Chairman and Managing Director, stated, "We are focused on enhancing our global presence into non-US jurisdictions... Our India business continues to demonstrate consistent year-on-year growth, reinforcing the strength of our domestic presence and brand portfolio."

Outlook

Himatsingka Seide remains optimistic about future growth, particularly once the tariff issues are resolved. The company is concentrating on maximizing its installed capacities and expects demand from India and other non-US jurisdictions to continue showing encouraging trends.

As the textile industry navigates through these challenging times, Himatsingka Seide's strategic initiatives to diversify its market presence and strengthen its financial position could potentially position the company for more stable growth in the coming quarters.