Kalpataru Projects International Limited — Important, 24-12-2024: General Updates

The Executive Committee has approved the prepayment of 50 crore (cr) of Non-Convertible Debentures (NCDs) issued on a private placement basis, part of a strategic move to recalibrate the company's debt portfolio. The outstanding NCDs, specifically under ISIN Series INE890A08086, consist of 974,343 units. The prepayment, along with interest, is scheduled for January 10, 2025, pending necessary approvals. This decision reflects a proactive approach to managing financial obligations, potentially enhancing the company's capital structure and financial health. Investors should watch closely for future developments regarding this strategy.