Jayaswal Neco Industries raises ₹1,800 crore via debenture allotment

Jayaswal Neco Industries Limited announced the allotment of 180,000 unlisted, unrated, secured, redeemable, fully paid-up non-convertible debentures (NCDs) on a private placement basis on December 12, 2025. Each debenture has a face value of ₹1,00,000, aggregating to a total of ₹1800,00,00,000. This issuance follows the provisions of Regulation 30 of SEBI Listing Regulations, 2015.

The debentures carry an interest rate of 12.50% p.a. (compounded monthly) and will be redeemed at par, with principal payments commencing from December 23, 2025. The tenure of these instruments is 2172 days (72 months), with a maturity date of November 23, 2031.

Nine debenture holders participated, including Tata Capital Limited (₹800.00 crore), Emerging India Credit Opportunities Fund II (₹300.00 crore), and Hero FinCorp Limited (₹125.00 crore). The issuance is secured by a first-ranking pari passu charge on various assets, including moveable and current assets, identified immovable assets, and an exclusive pledge over promoter group shares, along with personal guarantees from key promoters.