Himatsingka Seide Limited — QIP/Rights/Pref., 07-05-2025: Allotment of Securities

Himatsingka Seide has allotted 650 secured, senior, unlisted Non-Convertible Debentures (NCDs) worth Rs. 65 Cr via private placement. Each NCD has a face value of Rs. 10 lakh with an 11.5% annual coupon and a 39-month tenure, starting with an 18-month moratorium followed by quarterly repayments. This raises Rs. 65 Cr in fresh funds, strengthening the company’s debt profile. The NCDs are backed by a first charge on the company’s manufacturing assets at Hassan and Doddaballapur.