Omaxe Limited — Others, 15-05-2025: Others

Omaxe Limited has approved raising Rs. 199.40 Cr through up to 1,994 unrated senior secured non-convertible debentures with a 12% IRR, redeemable in 54 months. These debentures are secured by first charges on project assets, including land, bank accounts, and receivables, strengthening the company’s liquidity for ongoing projects. Additionally, the appointment of Mr. Satbir Singh as an Additional Independent Director adds over 35 years of financial and restructuring expertise to the board, bolstering governance as the company prepares for this capital raise.