Anupam Rasayan India Ltd has approved the private placement of secured, rated, unlisted and redeemable non-convertible debentures worth Rs 160 crore to Aditya Birla Capital Limited. The proceeds will be used for debt repayment, investments in group companies and general corporate purposes. The issue carries a 10.25% annual coupon and is backed by pledged shares and other security arrangements.
Anupam Rasayan India Ltd Approves Rs 160 Crore NCD Fund Raise
Fund raise: Rs 160 crore through secured non-convertible debentures.
Coupon rate: 10.25% per annum with maturity on October 21, 2027.
Reader Takeaway: Fresh funding strengthens liquidity, but higher borrowing adds interest obligations until repayment.
What just happened
Anupam Rasayan India Ltd's Board approved the issuance of 16,000 secured, rated, unlisted and redeemable non-convertible debentures (NCDs) on a private placement basis.
Each debenture has a face value of Rs 1,00,000, taking the total issue size to Rs 160 crore. The debentures will be allotted to Aditya Birla Capital Limited, with September 21, 2026 as the deemed allotment date.
The NCDs carry a coupon rate of 10.25% per annum and mature on October 21, 2027.
Why this matters
The company plans to use the proceeds for three key purposes:
- Repayment of existing debt facilities.
- Investment in group companies.
- General corporate purposes.
Debt refinancing can improve liquidity management and provide greater financial flexibility, while investments in group entities may support business expansion or strategic initiatives.
Redemption structure
The repayment schedule is front-loaded.
The company will redeem Rs 99,500 per debenture on or before October 21, 2026. The remaining Rs 500 per debenture will be redeemed on October 21, 2027.
Security package
The NCD issue is secured through multiple arrangements.
These include a first-ranking exclusive pledge over specified promoter-held shares, a hypothecation charge over an escrow account maintained with Axis Bank Limited, and supporting instruments including demand promissory notes and letters of continuity in favour of CTL Trusteeship Limited, the debenture trustee.
What to track next
Investors should monitor future disclosures relating to fund utilisation, debt reduction, repayment milestones and any further financing activities following this NCD issuance.