Himatsingka Seide Limited — QIP/Rights/Pref., 17-04-2025: Issue of Securities

Himatsingka Seide Limited has announced a board meeting approving the issuance of 650 Series “A” un-rated, senior, unlisted, secured, redeemable Non-Convertible Debentures (Series ‘A’ NCDs) at a total value of ₹65 crores. These NCDs will have a face value of ₹10 lakh each and will be issued on a private placement basis, offering an interest rate of 11.5% per annum. The tenure is up to 39 months, with a moratorium period of 18 months followed by eight equal quarterly installments for principal repayment. This move aims to bolster the company's financial stability and fund key projects.