Loan & Debt24 Jul 2026, 05:20 pm
Amanaya Ventures Approves ₹3 Cr NCD Issuance
AI Summary
Amanaya Ventures Ltd's Board of Directors has approved the issuance of up to 300 secured, redeemable, unlisted, non-convertible debentures (NCDs) with an aggregate face value of up to ₹3 Crore. These NCDs will have a face value of ₹1 Lakh each and a tenure of 24 months, maturing on September 30, 2028. The issuance will be on a private placement basis, subject to shareholder approval at the upcoming AGM on August 28, 2026. The NCDs will carry a fixed interest rate of 12% per annum, payable quarterly, and will be secured by a first-ranking charge on the company's bullion inventory. The company also has an issuer call option exercisable after 18 months.
Key Highlights
- Board approves issuance of ₹3 Crore in Non-Convertible Debentures.
- NCDs are secured, redeemable, unlisted, with a 12% annual interest.
- Maturity period is 24 months, with an issuer call option.
- Issuance is on private placement, pending shareholder approval.
- Debentures are secured by the company's bullion inventory.
Price Impact
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