Himatsingka Seide board approves ₹100 crore debenture issuance

Himatsingka Seide Limited announced on December 12, 2025, that its board of directors approved the issuance of 1,000 Series "B" INR-denominated, unrated, unlisted, and transferable Non-Convertible Debentures (NCDs). Each NCD has a face value of ₹1,000,000, totaling an aggregate amount of ₹100 crore, issued at par on a private placement basis to eligible investors.

The NCDs have a tenure of up to 39 months, with an allotment date set within one month. They carry an annual interest rate of 11.00% payable quarterly. The principal repayment schedule includes a 12-month moratorium followed by 10 quarterly installments, with applicable redemption premium.

The NCDs will be secured by a first pari passu charge on all movable and immovable fixed assets at the Hassan & Doddaballapur plant, a negative lien on 4.85 acres of land at the Hassan manufacturing facility, and an exclusive charge over the Subscription Escrow Account. The company also states that a delay in payment of interest or principal exceeding three months will incur a 2% penalty. The meeting commenced at 06:00 P.M. and concluded at 07:20 P.M.