Kalpataru Limited Raises ₹350 Crore Via NCDs on Private Placement Basis
Kalpataru Limited's Board approved raising ₹350 crore via NCDs on a private placement basis. The NCDs are 6-year senior, secured, unlisted, redeemable instruments with a 6% annual interest rate, payable quarterly. They will be secured by project rights, land charges, and a corporate guarantee.
The fundraising of ₹350 crore is a significant amount and will impact the company's capital structure and financial leverage.
The company is successfully raising funds through debt, which can support its growth and operational needs.
Kalpataru Limited has announced its Board of Directors' approval to raise funds aggregating up to ₹350 crore through the issuance of Non-Convertible Debentures (NCDs) on a private placement basis. The decision was made during a Board meeting held on February 6, 2026, which commenced at 3:40 p.m. IST and concluded at 7:30 p.m. IST.
The NCDs will be senior, secured, unlisted, and redeemable, with a tenure of 6 years. The issuance will be on a private placement basis, and the NCDs will not be listed on any stock exchange.
The NCDs will carry an interest rate of 6% per annum, payable quarterly after a coupon servicing moratorium. Principal repayment will be made in equal quarterly installments post a principal moratorium period. The NCDs will be secured by a first charge over development rights and receivables from a residential project, as well as a first charge over land owned by Prime Properties Private Limited (PPPL), a promoter group entity, and receivables from projects developed on that land. A corporate guarantee from PPPL will also be provided.
In case of default in payment of interest or principal for more than three months from the due date, a default interest of 2% per annum will be applicable. The manner of redemption will be determined by the Board of Directors.
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Kalpataru 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 Kalpataru Limited. Read the original for the full detail.