Wanbury Limited — Updates, 06-03-2025: Press Release

Wanbury Limited has achieved a significant milestone in its financial strategy by successfully refinancing a portion of its outstanding Non-Convertible Debentures (NCDs). The company repurchased the entire issue of 21% Secured NCDs, totaling Rs. 95 crores, from NEO AIF and associates. This transaction involved refinancing Rs. 175 crores of debt from Emerging India Credit Opportunities Fund II at a reduced interest rate of 12.5% per annum, benefiting from substantial interest cost savings. The repayment period extends over five years, with an average life of 3.25 years and a nine-month moratorium.

Mr. Mohan Rayana, Whole-time Director, expressed that this strategic refinancing reflects Wanbury's commitment to financial stability and optimizing shareholder returns. The reduction in interest costs highlights the company's consistent performance and stability in revenue generation, enhancing its strategic approach for future growth.