Himatsingka Seide Allots ₹35 Cr NCDs

Himatsingka Seide Ltd announced the allotment of 700 Tranche 2 Series D Non-Convertible Debentures (NCDs) on July 10, 2026, through a private placement. The NCDs are unlisted, senior, secured, unrated, redeemable, and taxable, each with a face value of ₹5,00,000, aggregating to ₹35 Crores. The issuance aims to raise capital and is further to a previous intimation dated June 29, 2026. The NCDs have a tenure of 42 months, with a maturity date of January 10, 2030, and carry an interest rate of 11.50% per annum, payable quarterly. Principal repayment is scheduled in three installments at 30, 36, and 42 months. The company has created charges over its assets as security for these NCDs.