Jayaswal Neco Industries has successfully completed the allotment of its ₹1800 crore non-convertible debentures (NCDs) to nine institutional investors. The company's Committee of Directors approved the allotment on December 12, 2025, marking the completion of its previously announced debt refinancing plan.

Debenture Allotment Details

Investor Distribution

The debentures have been allocated among nine prominent financial institutions, with Tata Capital Limited receiving the largest allocation:

Financial Terms and Security

The NCDs carry an attractive coupon rate of 12.50% per annum, compounded monthly, with monthly payment schedules. Principal payments are scheduled to commence from December 23, 2025. The debentures are secured through multiple layers of protection:

• First ranking pari passu charge by way of hypothecation on all moveable assets and current assets
• First ranking pari passu charge by way of mortgage on identified immovable assets
• First ranking exclusive pledge over identified shares of the promoter group
• Personal guarantees from promoters Mr. Arvind Jayaswal, Mr. Ramesh Jayaswal, and Mr. Avneesh Jayaswal

Strategic Impact

This successful allotment represents the completion of Jayaswal Neco Industries' strategic debt refinancing initiative. The participation of established financial institutions like Tata Capital, Piramal Finance, and Hero FinCorp demonstrates market confidence in the company's financial restructuring plan. The 72-month tenure provides the steel industry player with long-term financial stability while the monthly payment structure ensures regular cash flow management.

Jayaswal Neco Industries , a 50-year-old integrated steel company, has demonstrated a remarkable turnaround, transforming from a near-bankruptcy situation to delivering multibagger returns for investors. The company's journey of financial restructuring and operational reforms has yielded impressive results, reflected in both its stock performance and financial metrics.

Debt Restructuring Success

The company has successfully avoided bankruptcy through a comprehensive debt restructuring program and operational reforms. This strategic move has significantly improved the company's financial health:

The substantial reduction in secured debt showcases Jayaswal Neco Industries' commitment to improving its financial position and reducing its debt burden.

Stock Performance

Jayaswal Neco Industries' shares have seen a remarkable surge in value:

This impressive growth occurred over a span of just seven months, classifying the stock as a multibagger and highlighting the market's positive response to the company's turnaround efforts.

Financial Performance

The company's financial performance has shown significant improvement:

The transition from a loss-making position to a profitable one, coupled with a substantial increase in net sales, underscores the effectiveness of the company's restructuring efforts and operational improvements.

Conclusion

Jayaswal Neco Industries' journey from near-bankruptcy to delivering multibagger returns is a testament to the effectiveness of its debt restructuring and operational reform strategies. The company's ability to significantly reduce its debt burden while simultaneously improving its financial performance has not only ensured its survival but also positioned it for potential growth in the future.

Investors and market observers will likely continue to monitor Jayaswal Neco Industries' progress, as its turnaround story serves as an interesting case study in corporate financial restructuring and revival in the Indian steel industry.