CESC Limited — Important, 07-04-2025: Updates

A Committee of the Board of Directors has approved the issuance of 25,000 Secured, Unlisted, Redeemable, Rated Non-Convertible Debentures (NCDs) with a face value of ₹1 lakh each, aggregating to ₹250 crore through private placement. The deemed date of allotment is set for April 11, 2025, with a maturity date of April 11, 2030. These NCDs will offer a coupon rate linked to the 3-month T-Bill rate plus 2.67% per annum, paid monthly. Principal redemption will occur in twelve equal quarterly installments starting from the 27th month post-allotment. This funding is expected to enhance the company's liquidity profile and support future operations, providing a positive outlook for investor sentiment. Watch for the impact of this financing on financial flexibility and strategic initiatives moving forward.