Investment17 Mar 2026, 11:25 am
Vardhman Polytex Ltd. Approves Rs. 60 Crore Non-Convertible Debentures Issuance
AI Summary
Vardhman Polytex Ltd. announced the outcome of its board meeting held on 17.03.2026, where the issuance of Non-Convertible Debentures (NCDs) for an amount up to Rs. 60 Crore on a private placement basis was approved. The NCDs are INR denominated, listed, senior, secured, rated, redeemable, and Non-Convertible. The private placement will be made through the EBP mode. The tenure of the instrument is 5 years, with interest payable at 18% per annum, monthly till March 2031. The details of redemption of NCDs will be provided later.
Key Highlights
- Approval of Non-Convertible Debentures issuance up to Rs. 60 Crore
- Private placement through EBP mode
- 5-year tenure with 18% annual interest
- Interest payable monthly till March 2031
- NCDs to be listed on BSE