Suraj Estate Developers Ltd Approves Issuance of INR 45 Crores Non-Convertible Debentures to IDBI Trusteeship Services Limited

Suraj Estate Developers Ltd announced the outcome of its Management Committee Meeting held on February 20, 2026. The committee approved the issuance of 4,50,00,000 (Four Crores Fifty Lakhs) Unlisted, Redeemable, Secured, Non-Convertible Debentures ('NCDs') of face value INR 10/- each, amounting to INR 45,00,00,000/- (Indian Rupees Forty-Five Crores Only) to IDBI Trusteeship Services Limited. The trustee is acting on behalf of India Real Estate Investment Fund Series 2, an Alternate Investment Fund organized as a contributory trust under the Indian law and registered with Securities and Exchange Board of India (SEBI) as a venture capital fund under SEBI (Alternate Investment Fund) Regulations. The investment manager for this fund is ICICI Venture Funds Management Company Limited. The meeting was held from 03:00 p.m. to 03:30 p.m.