Jayaswal Neco to issue ₹1,800 crore debentures

Jayaswal Neco Industries Limited's committee of directors has approved the issuance of up to 180,000 unlisted, unrated, secured, redeemable, fully paid-up Non-Convertible Debentures (NCDs). Each NCD will have a face value of ₹100,000, aggregating to ₹1,800 crore. This private placement is scheduled for allotment on December 12, 2025, with a maturity date of November 23, 2031, reflecting a tenure of 2,172 days.

The NCDs will carry a coupon interest of 12.50% per annum, compounded monthly, with principal payments commencing from December 23, 2025. Security for these debentures includes a first-ranking *pari passu* charge on all movable and current assets, a mortgage on identified immovable assets, and an exclusive pledge over identified shares of the promoter group. Additionally, personal guarantees are provided by Arvind Jayaswal, Ramesh Jayaswal, and Avneesh Jayaswal. In case of payment default, a 2% per annum penalty will apply.