Solar Industries India Limited — QIP/Rights/Pref., 12-12-2024: Issue of Securities

Solar Industries India Limited has issued Commercial Paper amounting to ₹75 Cr, comprising 1,500 units. The instrument has a tenure of 90 days, maturing on March 12, 2025, with an interest rate of 7.40% payable upfront. The Commercial Paper is proposed to be listed on BSE Limited. No special rights are attached to it, and there are no anticipated delays in interest or principal payments. This issuance aims to enhance liquidity for the company's operational needs.