
Loan & Debt31 Oct 2026, 05:10 pm
Birla Corp Authorizes ₹250 Cr NCD Issuance
AI Summary
Birla Corporation Limited's Board of Directors has approved an enabling resolution to issue listed, secured/unsecured redeemable Non-Convertible Debentures (NCDs) aggregating up to ₹250 crore. The issuance will be on a private placement basis, in one or more tranches, within the company's overall borrowing limits. The Managing Director & CEO has been authorized to finalize the issue size, terms, and conditions. The NCDs are proposed to be listed on BSE Limited and the National Stock Exchange of India Limited. The board also considered and approved the standalone and consolidated unaudited financial results for the quarter and half-year ended September 30, 2026.
Key Highlights
- Board approved issuance of NCDs up to ₹250 crore.
- Issuance to be on a private placement basis.
- NCDs will be listed on BSE and NSE.
- Financial results for Q2 FY27 also approved.
- MD & CEO authorized to finalize NCD terms.
Price Impact
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