PAKKA LIMITEDPAKKANSE
Pakka approves INR 50 crore secured NCD tranche under its INR 540 crore private placement
As filed · PAKKA LIMITED has informed the Exchange about Disclosure pursuant to Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Allotment
CapitalMixedNotablemateriality 62 out of 100
What happened
FactPakka’s Fund Raising Committee approved the allotment of Tranche 3 of unlisted, secured, unrated, redeemable NCDs through private placement, aggregating INR 50 crores. The tranche comprises 3,000 junior NCDs aggregating INR 30 crores and 2,000 senior NCDs aggregating INR 20 crores, each with a face value of INR 1,00,000; the securities will not be listed.
Why it matters
CapitSignal interpretationRaising capital changes the share count or the debt load, and the stated use of proceeds is a commitment that can later be checked.
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Fact- Instrument and amount finally raised
- Stated use of proceeds
- Whether the enabling resolution is actually used
Evidence
How CapitSignal classified this
- Reasoning:
- The allotment provides Pakka with INR 50 crores of secured debt financing, but also adds repayment obligations. The filing does not disclose coupon, maturity, security details, use of proceeds, or investor identities, and contains an inconsistency by referring to the allotment as both the second and third tranche.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%