Viviana Power Tech Limited has successfully allotted 20,000 Senior, Secured, Listed, Rated, Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The allotment was approved during the meeting of the Debenture Allotment Committee of the Board of Directors held on May 21, 2026. The total issue size aggregates to ₹20 crore, with each debenture holding a face value of ₹10,000.

The NCDs, issued under the name "12.00% Viviana Power May 2028", carry a coupon rate of 12% payable on a monthly basis. The tenure of the instrument is set at 24 months from the date of allotment, with maturity scheduled for May 21, 2028. Repayment of the principal will be structured in two equal installments payable at the end of the 21st and 24th months from the date of allotment.

Key Issue Details

The debentures are secured by a pari passu charge on receivables, ensuring a cover of 1.25x of the principal outstanding through hypothecation in favor of the Debenture Trustee. The company is required to create and perfect this security within 30 days from the date of investment. Failure to do so will attract an additional interest penalty of 2% per annum and provide debenture holders with an option for early redemption.

Listing and Ratings

The securities are proposed to be listed on the Negotiated Trade Reporting Platform under the New Debt Market segment of the National Stock Exchange (NSE). ACER Credit Rating Private Limited has assigned the issue a credit rating of ACER BBB with a stable outlook. The ISIN for the issued securities is INE0MEG07029.

Viviana Power Tech has received board approval to raise up to ₹75 crore through the issuance of Non-Convertible Debentures (NCDs). This capital raising initiative marks a significant financial development for the company as it seeks to strengthen its funding base.

Capital Raising Details

The company's board has approved the fundraising mechanism through NCDs, which are debt instruments that cannot be converted into equity shares. This funding approach allows the company to access debt capital markets while maintaining its existing equity structure.

Strategic Implications

The approval for NCD issuance provides Viviana Power Tech with flexibility in its capital structure management. NCDs typically offer investors fixed returns while allowing companies to raise funds without diluting existing shareholding. This funding mechanism can support the company's operational requirements and strategic initiatives.

The ₹75 crore fundraising capacity through NCDs represents a substantial capital raising opportunity for the company. The actual utilization and timing of this approved facility will depend on the company's specific funding requirements and market conditions.