Swelect Energy Systems Limited — QIP/Rights/Pref., 25-02-2025: Allotment of Securities

SWELECT Energy Systems has announced a board meeting to approve the allotment of 1,385 Secured, Unlisted, Rated, Redeemable, Non-Cumulative, Taxable, Non-Convertible Debentures (NCDs) with a face value of ₹10,00,000 each, aggregating to ₹138.5 crore. These NCDs will be issued on a private placement basis to India Infradebt Limited. The tenure of the NCDs is 12.5 years, with an interest rate of 9.5% per annum payable monthly. The maturity date is set for March 31, 2037, and the debt will be secured by a hypothecation pledge in favor of the Debenture Trustee.