Investment25 Mar 2026, 12:32 pm
Kerala Ayurveda Ltd. Approves Issuance of 4,000 Series ‘A’ NCDs Worth Rs. 40 Crores
AI Summary
Kerala Ayurveda Ltd. announced the approval of issuing 4,000 Series ‘A’ unlisted, secured, and redeemable Non-Convertible Debentures (NCDs) at a face value of Rs. 1,00,000/- each, amounting to Rs. 40,00,00,000/- in total. The decision was made during the Board of Directors meeting on March 25, 2026. The private placement borrowing is within the approved shareholder limits under Section 180(1)(c) of the Companies Act, 2013.
Key Highlights
- Issuance of 4,000 Series ‘A’ NCDs worth Rs. 40 crores.
- Private placement borrowing within approved shareholder limits.
- Secured and redeemable NCDs with a face value of Rs. 1,00,000/- each.