Signatureglobal (India) Limited, a prominent player in the real estate sector, has made a significant move in the debt market by approving the issuance of non-convertible debentures (NCDs) worth ₹875 crores. This strategic decision, aimed at bolstering the company's capital structure, comes with attractive terms for potential investors.

Key Details of the Debenture Issuance

Repayment Structure

The NCDs offer a structured repayment plan, providing regular returns to investors:

• Interest Payments: Quarterly, starting from January 15, 2026, until maturity.
• Principal Redemption: 12 quarterly installments, beginning April 15, 2026, with the final redemption on January 15, 2029.

Security Measures

To safeguard investors' interests, SignatureGlobal has put in place robust security arrangements:

1. Primary Security: First-ranking exclusive charge on various land parcels owned by SBPL (a group entity), including:

   • 131.1496 acres in Sohna, Haryana
   • Development rights for ~1.04653 acres in Sohna
   • 4.175 acres of disputed land in Sohna (subject to dispute resolution)

2. Additional Securities:

   • First-ranking charge on land to be acquired using debenture proceeds
   • First-ranking charge on land acquired from excess cash flows of the Sohna Project
   • Corporate guarantee from SBPL
   • Personal guarantees from key promoters (subject to potential future release under specific conditions)

3. Minimum Security Cover: Maintained at 1.50 times the outstanding principal and interest, with provisions for additional security if the cover falls below this threshold.

Market Implications

This debenture issuance by SignatureGlobal demonstrates the company's ability to attract debt capital at competitive rates, even in a challenging market environment. The 11.00% coupon rate suggests a balance between the company's funding costs and investor expectations for returns in the current interest rate scenario.

For investors, these NCDs present an opportunity to invest in a secured debt instrument with a relatively high yield, backed by tangible real estate assets. The quarterly interest payments and structured redemption plan offer a predictable cash flow, which could be attractive to both institutional and high-net-worth individual investors looking for regular income streams.

The successful placement of these NCDs could potentially strengthen SignatureGlobal's financial position, providing it with the capital needed for ongoing projects or expansion plans in the real estate sector. As the company continues to navigate the dynamic property market, this infusion of funds may play a crucial role in its growth strategy and operational capabilities.

Investors and market watchers will likely keep a close eye on how SignatureGlobal utilizes these funds and its impact on the company's financial performance in the coming quarters.

Signatureglobal (India) Limited, a prominent player in the Indian real estate sector, held its 26th Annual General Meeting (AGM) on September 23, 2025, where shareholders approved several significant resolutions, including key appointments and remuneration revisions for top executives.

Re-appointment of Independent Director

One of the notable decisions was the re-appointment of Mr. Kundan Mal Agarwal as an Independent Director for a second five-year term, effective from April 2, 2026. Mr. Agarwal, a Chartered Accountant since 1974 with a Commerce degree from the University of Ranchi, brings extensive experience to the board. He has previously served on the boards of SMC Global Securities Limited and Moneywise Financial Services Private Limited.

New Secretarial Auditor

Shareholders also approved the appointment of M/s. Deepak Sharma & Associates as the company's Secretarial Auditor for a five-year term, spanning from Financial Year 2025-26 to 2029-30. The firm is led by Mr. Deepak Parasar Sharma, a practicing Company Secretary with over 20 years of experience in corporate laws, mergers and amalgamations, and legal advisory services.

Remuneration Revisions for Key Executives

The AGM saw the approval of remuneration revisions for several top executives:

• Mr. Pradeep Kumar Aggarwal, Chairman and Whole Time Director
• Mr. Lalit Kumar Aggarwal, Vice Chairman and Whole Time Director
• Mr. Ravi Aggarwal, Managing Director
• Mr. Devender Aggarwal, Joint Managing Director and Whole Time Director

Other Key Resolutions

Other important resolutions passed at the AGM included:

• Adoption of audited financial statements for the financial year ended March 31, 2025
• Re-appointment of Mr. Ravi Aggarwal as a director, who was liable to retire by rotation
• Ratification of remuneration for M/s. Goyal, Goyal & Associates, Cost Accountants

Voting Results

The company reported that all nine resolutions presented at the AGM were approved by shareholders with the requisite majority. The e-voting process, which included both remote e-voting and e-voting during the AGM, was conducted through the National Securities Depository Limited (NSDL) platform.

Signatureglobal's 26th AGM, held through video conferencing in line with Ministry of Corporate Affairs guidelines, marks a significant step in the company's corporate governance and strategic direction. The approval of these key appointments and remuneration revisions reflects shareholders' confidence in the company's leadership and future prospects.