Balrampur Chini Mills Limited at its board meeting held on April 23rd, 2026 approved Issuance of Listed, Secured, Non-Convertible Debentures ("NCD") amount of aggregating up to INR 2000 million Only on private placement basis on such terms and conditions and at such times at par or at premium in accordance with the Companies Act, 2013 and the rules made thereunder, Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021 and other applicable provisions, in one or more tranches, from time to time. The aforesaid issue of Listed, Secured, Non-Convertible Debentures is subject such other statutory/regulatory approvals as may be required. The company proposes to issue listed, secured, non-convertible debentures (NCDs), with specific details to be disclosed at the time of allotment.
The issuance may be carried out through various methods such as private placement, public offering, rights issue, depository receipts (ADR/GDR), qualified institutions placement, or preferential allotment. The Board has granted enabling approval for the issuance and allotment of NCDs up to an aggregate amount of INR 200 Crores, which may be issued in one or more tranches from time to time. The proposed listing will be on a stock exchange, with the specific exchange to be disclosed at the time of allotment.
Details regarding the tenure of the instrument, the date of allotment, maturity, and the schedule of coupon or interest payments will also be disclosed at the time of allotment. Any charge or security created over the assets, as well as any special rights, interests, or privileges attached to the instrument, will be disclosed at the time of allotment. The company confirms that there has been no delay in payment of interest or principal amounts for a period exceeding three months from the due date, and there are no defaults in this regard.
