UCAL LIMITED — Important, 31-01-2025: General Updates

The Board of Directors of UCAL Limited has approved the allotment of 150 senior, secured, unrated, unlisted, unsubordinated, redeemable, taxable, partially paid non-convertible debentures (NCDs) with a face value of Rs. 10,00,000 each, totaling Rs. 14.85 Cr. These NCDs, primarily placed with Northern Arc Emerging Corporates Bond Trust, are currently paid-up to Rs. 9.90 Lakh per debenture. The remaining balance will be payable upon the first and final call. This move underlines UCAL’s strategy to optimize its financing structure while maintaining flexibility for future obligations. Investors should monitor the progress of these financial instruments as they could enhance liquidity and financial stability moving forward.