Ashima Limited — Board Meeting, 21-06-2025: Outcome of Board Meeting

Ashima Limited has announced a board meeting on June 21, 2025, approving a private placement of secured, unrated, non-convertible debentures (NCDs) up to Rs. 130 Cr. The NCDs will carry a coupon rate of up to 7.50% p.a., have a tenure of up to 9 years, and will be secured by charges on specific immovable property. The company has empowered a sub-committee to finalize the issue terms. These NCDs will not be listed and are planned to be redeemed at par upon maturity. This move aims to bolster the company’s funding flexibility.