Himatsingka Seide Limited — Board Meeting, 17-04-2025: Outcome of Board Meeting

Himatsingka Seide Limited has announced a board meeting outcome, approving the issuance of 650 Series “A” Non-Convertible Debentures (NCDs) at a total amount of ₹65 crores on a private placement basis. Each NCD has a face value of ₹10 lakhs, with an interest rate of 11.5% per annum payable quarterly. The tenure for these instruments is up to 39 months, featuring a moratorium period of 18 months followed by eight equal quarterly principal repayments. The board's decision enhances the company's financial flexibility and supports future operational initiatives.