Himatsingka Seide allots ₹34 crore of listed unsecured NCDs at 11.50%

Himatsingka Seide allotted 34,000 Senior, Unsecured, Rated, Listed, Redeemable, Transferable, Non-Convertible Debentures on September 30, 2026, at par through private placement, including 4,000 debentures under the Green Shoe Option. The NCDs carry an 11.50% annual coupon payable quarterly, mature on March 30, 2030, and will be repaid in three instalments at the end of 30, 36 and 42 months.

Raising capital changes the share count or the debt load, and the stated use of proceeds is a commitment that can later be checked.

• Instrument and amount finally raised
• Stated use of proceeds
• Whether the enabling resolution is actually used
• We feel U.S. will substantially -- will come down substantially below the 50% mark over the next 18 to 24 mont (management committed by H1 FY27)
• I think India should become approximately INR400 crores to INR500 crores market in the next, I would say, 2 ye (management committed by FY27)