Himatsingka Seide Limited has announced a senior management personnel change, with the retirement of a key executive from the company's business development team. The textile company made this disclosure in compliance with SEBI regulations to inform stakeholders about the organizational change.

Management Personnel Change Details

The company has provided comprehensive information about the senior management change as required under regulatory guidelines:

Regulatory Compliance

Himatsingka Seide Limited has fulfilled its disclosure obligations under Part-A of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company submitted the required information to both major stock exchanges where its shares are listed.

The regulatory filing was communicated to:

• BSE Limited (Scrip Code: 514043)
• National Stock Exchange of India Limited (Symbol: HIMATSEIDE)

Company Information

The disclosure was signed by Bindu D., who serves as Company Secretary and Compliance Officer for Himatsingka Seide Limited. The company maintains its registered office at No. 4/1-2, Crescent Road, Bangalore 560001, India, and operates in the textile sector with CIN L17112KA1985PLC006647.

The announcement follows the standard protocol for listed companies to inform investors and regulatory authorities about significant changes in senior management positions, ensuring transparency in corporate governance practices.

Himatsingka Seide Limited has successfully completed the allotment of Series B Non-Convertible Debentures (NCDs) worth ₹100.00 crores through private placement. The Securities Committee of the Board of Directors finalized the allotment on December 19, 2025, following the board approval granted on December 12, 2025.

Allotment Details and Timeline

The company allotted 1,000 Series B NCDs on December 19, 2025, each carrying a face value of ₹10.00 lakhs at par value. The allotment was completed within the stipulated timeline of one month from board approval, demonstrating efficient execution of the fundraising plan.

NCD Structure and Security Framework

The debentures are INR-denominated, unlisted, senior, secured, redeemable and transferable instruments issued through private placement. The NCDs are backed by comprehensive security arrangements including first pari passu charge on moveable and immoveable fixed assets at Hassan and Doddaballapur plants.

Redemption Schedule and Payment Terms

The debentures feature a structured redemption mechanism with a 12-month moratorium period followed by 10 quarterly installments. The repayment structure includes applicable redemption premium as required, with a default penalty of 2% for delays exceeding three months from due dates.

Regulatory Compliance and Communication

Himatsingka Seide has fulfilled all disclosure requirements under Regulation 30 of SEBI Listing Regulations. The allotment details have been communicated to both BSE Limited and National Stock Exchange of India Limited through reference HSL/SEC/2025/88 dated December 19, 2025, ensuring complete regulatory compliance.