Ballarpur Industries Corrects NCD Issue Details, Reaffirms ₹100 Crore Size
Ballarpur Industries corrected its earlier disclosure on NCD issuance. The company will issue 10,000 NCDs of ₹1 Lakh each, totaling ₹100 Crore, not 100 NCDs of ₹1 Crore each as previously stated. The aggregate issue size of ₹100 Crore remains unchanged. The NCDs have a 3-year tenure.
This is a correction of an administrative error regarding the number and face value of NCDs, with the total issue size remaining the same. It does not represent a new event or a significant change in the company's financial standing.
The announcement is a correction of a factual error in a previous disclosure and does not introduce new positive or negative financial information.
Ballarpur Industries Limited has issued a corrigendum regarding the outcome of its Board of Directors meeting held on July 14, 2026. The company clarified an inadvertent error in its previous disclosures concerning the issuance of Non-Convertible Debentures (NCDs).
Previously, the company had incorrectly stated the face value of the NCDs as ₹1,00,00,000 (Rupees One Crore) each and the number of NCDs as 100. This error was present in the intimation dated July 9, 2026, and the outcome disclosure dated July 14, 2026.
The company has now corrected these details, confirming that the Board approved the issuance of 10,000 Listed, Rated, Unsecured Non-Convertible Debentures, each with a face value of ₹1,00,000 (Rupees One Lakh). The aggregate issue size remains unchanged at ₹100,00,00,000 (Rupees One Hundred Crore). These NCDs are to be issued on a private placement basis and will be listed on BSE Limited and/or the National Stock Exchange of India Limited. The tenure of the instrument is 3 years, with the allotment date to be decided later by the Board. The coupon offered is 0%, with a 9% IRR redemption premium on an annual basis. The NCDs are unsecured.
All other contents of the previous intimations remain unchanged. The revised details have been uploaded to the company's website.
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Ballarpur Industries Limited filed this with the NSE as a statutory disclosure, categorised under debt fundraising. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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