Shri Vasuprada Plantations Pays Timely Interest on 9% NCDs

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AuthorIshaan Verma|Published at:
Shri Vasuprada Plantations Pays Timely Interest on 9% NCDs
Overview

Shri Vasuprada Plantations Limited confirmed timely interest payment on its 9% NCDs. The company paid ₹0.92 crore net interest on its ₹23 crore debt by the March 23, 2026, deadline, showing commitment to its obligations.

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Shri Vasuprada Plantations Limited has confirmed the timely payment of ₹0.92 crore in net interest on its 9% Rated Listed Senior Secured Redeemable Non-Convertible Debentures (NCDs). The company made this payment on the due date of March 23, 2026, for the ₹23 crore debt issue. As per regulations, the net interest after Tax Deducted at Source (TDS) amounted to ₹92.38 lakh, while the gross interest before TDS was ₹1.03 crore.

The company, which cultivates tea, coffee, and rubber, originally issued these 9% NCDs in September 2020 with a total issue size of ₹23 crore.

Timely interest payments are critical indicators of a company's financial health and its ability to meet financial commitments. Such confirmations provide reassurance to debenture holders regarding their investment's safety.

Shri Vasuprada Plantations operates in the plantation sector. Key listed peers involved in similar agro-commodity businesses include Harrisons Malayalam Ltd and The Peria Karamalai Tea and Produce Co. Ltd.

Stakeholders will continue to monitor future half-yearly interest payments on these NCDs to ensure ongoing compliance. Any further corporate actions or financial updates from Shri Vasuprada Plantations will also be noted.

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