Kuantum Papers Allots ₹100 Cr Unlisted NCDs on Private Placement

Kuantum Papers Limited has approved the allotment of 10,000 unlisted, unrated, senior, secured, redeemable, non-convertible debentures (NCDs) with a face value of ₹1,00,000 each, aggregating to ₹100 Crores. The allotment is on a private placement basis to an identified investor. The NCDs have a tenure until June 2, 2030, with a coupon rate of 12.70% per annum (9.70% coupon + 3.00% redemption premium). The issuance is secured by a charge over current and movable fixed assets, personal guarantees, a shortfall undertaking, and a lien-marked fixed deposit. This move is part of the company's financing strategy and is disclosed in compliance with SEBI regulations.