Himatsingka Seide to raise ₹50 Cr via NCDs (Series C) and ₹550 Cr via NCDs (Series 1)
Himatsingka Seide's Board approved issuing ₹50 Crore in Series "C" NCDs and ₹550 Crore in Series "1" NCDs. A Green Shoe Option for Series "1" NCDs allows for an additional ₹250 Crore issuance. Both NCDs carry a 11.50% interest rate and have a 42-month tenure.
The issuance of ₹600 Crore in debt (including the Green Shoe Option) is a substantial financial event for the company, which could impact its capital structure and leverage ratios.
The announcement details debt fundraising through NCD issuance, which is a routine corporate action. While the amounts are significant, there are no immediate positive or negative indicators in the announcement itself.
Himatsingka Seide Limited announced the outcome of its Board of Directors meeting held on May 27, 2026. The board approved the issuance of Non-Convertible Debentures (NCDs) in two tranches. The first is the issuance of 1,000 Series "C" NCDs, denominated in INR, with a face value of ₹5,00,000 each, aggregating to ₹50,00,00,000 (₹50 Crore). These are senior, secured, unrated, unlisted, redeemable, and taxable debentures, to be issued on a private placement basis in one or more tranches.
The second approval is for the issuance of 55,000 Series "1" NCDs, also denominated in INR, with a face value of ₹1,00,000 each, aggregating to ₹550,00,00,000 (₹550 Crore). These are senior, secured, rated, listed, redeemable, and taxable debentures. Additionally, the company has approved a Green Shoe Option for Series "1" NCDs of up to ₹250,00,00,000 (₹250 Crore), which translates to an additional 25,000 NCDs.
The Series "C" NCDs will have a tenure of 42 months from the allotment date, with principal repayment in three installments at 30, 36, and 42 months. The coupon rate is 11.50% per annum, payable quarterly. The Series "1" NCDs also have a tenure of 42 months, with principal repayment in three installments at 30, 36, and 42 months, and an interest rate of 11.50% per annum, payable quarterly. Both issuances will be secured by charges on the company's assets.
What to do with a filing like this
Himatsingka Seide 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 medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Himatsingka Seide Limited. Read the original for the full detail.