SRG Housing Finance pays interest, partially redeems NCDs
SRG Housing Finance Limited paid ₹41.01 lakh in interest and redeemed ₹75.75 lakh in principal on its secured NCDs on May 29, 2026. The payments were part of a monthly schedule, with the redemption reducing the outstanding amount to ₹431.82 lakh.
*this image is generated using AI for illustrative purposes only.
SRG Housing Finance Limited has successfully paid interest and partially redeemed the principal amount on its secured redeemable Non-Convertible Debentures (NCDs) on May 29, 2026. The company processed the payments for the debentures issued through private placement and listed on the stock exchange, adhering to the monthly schedule. The total interest paid amounted to ₹41,01,819.50, while the principal redemption stood at ₹75,75,757.58.
The interest payment was made against a due amount of ₹41,60,398.50, with the difference attributed to Tax Deducted at Source (TDS). The record date for the interest payment was May 14, 2026. The frequency of both interest and redemption payments is monthly, as per the terms of the issue.
The redemption was partial, executed on a pro-rata basis by face value. Following this transaction, the outstanding principal amount on the debentures is ₹431,818,181.82. The debentures carry an ISIN of INE559N07058. The company confirmed there were no delays or reasons for non-payment regarding these transactions.
Payment Details
| Particulars | Details |
|---|---|
| Interest Payment | |
| Due Date | 29-05-2026 |
| Actual Payment Date | 29-05-2026 |
| Amount Paid | ₹41,01,819.50 |
| Redemption Details | |
| Type | Partial (By face value) |
| Due Date | 29-05-2026 |
| Actual Redemption Date | 29-05-2026 |
| Amount Redeemed | ₹75,75,757.58 |
| Outstanding Amount | ₹431,818,181.82 |
The disclosure was submitted to BSE Limited in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Divya Kothari, Company Secretary, certified the details of the payment and redemption.
Historical Stock Returns for SRG Housing Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.11% | -0.82% | -4.49% | +3.39% | -11.12% | +11.37% |
How will the monthly principal redemption schedule impact SRG Housing Finance's liquidity position over the remainder of the fiscal year?
What is the source of funding for these monthly redemptions, and does the company have sufficient internal accruals to sustain this pace?
With the outstanding principal reduced to approximately ₹43.18 crore, what is the estimated timeline for the complete repayment of these NCDs?
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