Himatsingka Seide Allots ₹15 Cr in Debentures

Himatsingka Seide Ltd announced the allotment of 300 Tranche 1 Series D Senior, Secured, Unlisted, Unrated, Redeemable, Taxable, Non-Convertible Debentures (NCDs) on July 1, 2026. The face value of each debenture is ₹5 Lakhs, with a total issue size aggregating to ₹15 Crores. These NCDs, issued on a private placement basis, have a tenure of 42 months from the allotment date and mature on January 1, 2030. The coupon rate is 11.50% per annum, payable quarterly. Principal repayment will occur in three installments at 30, 36, and 42 months post-allotment. The issuance is secured by a first pari passu charge over the company's assets at its Hassan and Doddaballapur manufacturing plants.