Wanbury Limited will fully redeem its outstanding ₹180 crore Non-Convertible Debentures (NCDs) early. The Board approved the move on July 15, 2026, with a record date of June 20, 2026.
Wanbury Announces Early Redemption of NCDs
Wanbury Ltd will fully redeem its ₹180 crore outstanding Non-Convertible Debentures (NCDs).
Reader Takeaway: Active debt management; potential interest cost savings versus cash outflow.
What just happened
Wanbury Limited has decided to fully redeem its secured, guaranteed, senior, taxable, non-convertible debentures (ISIN: INE107F07029). The company's Board of Directors approved this decision through a circular resolution on July 15, 2026.
This redemption pertains to an outstanding principal amount of ₹180 crore. The debentures originally had an issue size of ₹200 crore and a coupon rate of 12.5%.
Why this matters
The early redemption signifies Wanbury's proactive approach to managing its debt. It suggests the company aims to reduce its interest burden and optimize its capital structure ahead of the original maturity date of February 28, 2030.
The backstory
The company had initially issued NCDs worth ₹200 crore. The current action involves redeeming ₹180 crore of this debt, indicating a partial or full repayment of the outstanding principal.
What changes now
The redemption date is to be mutually agreed upon by Wanbury and the debenture holders, but it must occur by the original maturity date. A Record Date of June 20, 2026, has been set to determine which debenture holders are eligible for the redemption.
Risks to watch
Investors should monitor Wanbury's liquidity position and cash flow to ensure the company can comfortably meet this payout while maintaining its operational needs.
Context metrics (time-bound)
- Outstanding Principal: ₹180 crore (as of July 15, 2026)
- Initial Issue Size: ₹200 crore
- Coupon Rate: 12.5%
- Original Maturity Date: February 28, 2030
- Board Approval Date: July 15, 2026
- Record Date: June 20, 2026