Balkrishna Industries Approves ₹550 Cr Non-Convertible Debenture Issue

Balkrishna Industries Limited's Finance Committee has approved the issuance and allotment of non-convertible debentures (NCDs) worth up to ₹550 crores. These debentures will be issued in multiple tranches on a private placement basis. The company has delegated powers to the Finance Committee for deciding terms and conditions related to the NCD issuance. The issuance falls within the company's current borrowing limits under Section 180(1)(c) of the Companies Act, 2013. The NCDs are rated, listed, senior, unsecured, redeemable, and non-cumulative. Further details regarding allotment, maturity, and interest will be disclosed at the time of allotment.