Ballarpur Industries Corrects NCD Face Value Error
Ballarpur Industries Ltd has issued a revised disclosure to correct an inadvertent error in its previous intimations dated July 9 and July 14, 2026. The company mistakenly stated the face value of Non-Convertible Debentures (NCDs) as INR 1,00,00,000 (₹1 Crore) each, instead of the correct INR 1,00,000 (₹1 Lakh) each. The number of NCDs was also incorrectly stated as 100, when it should have been 10,000. The aggregate issue size of ₹100 Crores remains unchanged. The Board of Directors, in its meeting on July 14, 2026, approved the issuance of 10,000 Listed, Rated, Unsecured NCDs of face value ₹1 Lakh each, aggregating to ₹100 Crores, on a private placement basis. This corrigendum clarifies the details of the NCD issuance.
Key Highlights
- Ballarpur Industries corrects NCD face value and quantity in disclosures.
- Face value corrected from ₹1 Crore to ₹1 Lakh per NCD.
- Number of NCDs corrected from 100 to 10,000.
- Aggregate issue size of ₹100 Crores remains unchanged.
- Approval for issuance of NCDs on private placement basis confirmed.
Price Impact
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