Suraj Estate Developers Approves Issuance of ₹165 Crore NCDs
Suraj Estate Developers Limited's Management Committee approved the issuance of up to ₹165 crore in Non-Convertible Debentures (NCDs). The NCDs will have a face value of ₹10 lakh each and will be issued on a private placement basis.
The issuance of ₹165 crore in NCDs represents a significant funding activity for the company, which could impact its financial structure and growth prospects.
The company is raising debt which can be used for business expansion or to manage its finances, indicating positive financial activity.
Suraj Estate Developers Limited announced today, August 10, 2026, that its Management Committee of the Board of Directors has approved the issuance of 1,650 Senior, Secured, Unrated, Unlisted, Redeemable, Taxable, Non-Convertible Debentures (NCDs). Each NCD has a face value of ₹10,00,000 (Indian Rupees Ten Lakh Only).
The total aggregate value of the NCD issuance is up to ₹165,00,00,000 (Indian Rupees One Hundred Sixty-Five Crores Only). This issuance will be done in one or more tranches to eligible investors on a private placement basis, in compliance with the Companies Act, 2013, SEBI Regulations, and other applicable laws.
The meeting of the Management Committee commenced at 06:30 p.m. and concluded at 07:00 p.m. on August 10, 2026.
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Suraj Estate Developers 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 Suraj Estate Developers Limited. Read the original for the full detail.