News Corporate Actions Mohite Industries Approves ₹150 Crore NCD Issuance at 11% Annual InterestMohite Industries Approves ₹150 Crore NCD Issuance at 11% Annual Interest
Mohite Industries Limited's board has approved the issuance of ₹150 crore Non-Convertible Debentures at 11% annual interest through private placement. The unlisted, secured NCDs feature flexible tenure of 30-144 months with systematic semi-annual payments and are backed by comprehensive collateral including factory buildings, land, and machinery across Kolhapur district locations.
*this image is generated using AI for illustrative purposes only.
Mohite Industries Limited has successfully concluded its board meeting held on January 14, 2026, with the approval of a significant fund raising proposal through Non-Convertible Debentures (NCDs). The board meeting, which was previously scheduled and intimated to BSE Limited on January 7, 2026, commenced at 3:00 PM and concluded at 4:30 PM.
NCD Issuance Structure
The board has approved the issuance of 1,500 INR denominated, unrated, unlisted, secured, redeemable and transferable Non-Convertible Debentures on a private placement basis. The comprehensive details of the approved NCD structure are presented below:
| Parameter: | Details |
|---|---|
| Total Issue Size: | ₹150.00 crores |
| Face Value per NCD: | ₹10.00 lakh |
| Number of NCDs: | 1,500 |
| Interest Rate: | 11.00% per annum |
| Semi-annual Rate: | 5.55% |
| Issue Type: | Private Placement |
| Listing Status: | Unlisted |
Tenure and Payment Structure
The NCDs will be issued in single or multiple series with a flexible maturity period ranging from 30 months to 144 months. The payment structure ensures systematic debt servicing with equated half yearly payouts:
| Payment Component: | Schedule |
|---|---|
| Interest Payment: | ₹8.25 crores semi-annually from Month 3 |
| Principal Repayment: | 20 equal instalments of ₹7.50 crores |
| Repayment Period: | Months 30 to 144 |
| Interest Moratorium: | None |
| Allotment Timeline: | Within 3 months |
Security and Collateral Framework
The NCDs will be secured against multiple assets of the company, providing comprehensive security to investors. The collateral includes factory buildings, land, godown facilities, power house construction, and plant & machinery located across various sites in Kolhapur district, Maharashtra:
| Asset Category: | Location Details |
|---|---|
| Factory Building & Land: | R.S. No.355, 357 & 347, Near Mumbai-Bangalore Highway, Vadgaon, Kolhapur |
| Power House Construction: | Fejiwade Site, Radhanagari, Kolhapur |
| Plant & Machinery: | R.S. No. 347, Opp. N.H. 4 Highway, Vadgaon, Kolhapur |
Regulatory Compliance
The announcement has been made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and related SEBI circulars including Master Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The communication was authorized by Shivaji Ramchandra Mohite, Managing Director (DIN-00425441), with proper digital signature authentication.
Strategic Financial Management
The NCD issuance represents the company's strategic approach to debt refinancing and capital structure optimization. The private placement structure allows for flexible deployment of funds while maintaining unlisted status, providing the company with efficient access to debt capital markets.
Historical Stock Returns for Mohite Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.41% | -5.84% | -14.49% | -12.00% | -55.92% | -69.21% |
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